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Canadian Prime Minister Justin Trudeau Wednesday expressed concern over the recent storming of US Capitol Hill by Trump supporters, describing the incident as an “attack on democracy”. Tweeting on the issue, he said that the country was “deeply disturbed and saddened” by the event.
The PM mentioned that he is keeping a track of the situation as it unfolds in a radio interview, which had been set up prior to the Capitol Building siege.
The United States, Canada’s most important trading partner and neighbor, is just days away from Democrat Joe Biden’s swearing-in. Ahead of the US presidential election results last year, Trudeau had stressed that Canada is gearing up for any sort of tension that may occur in case of a change in power south of the border.
Bob Rae, Canada’s ambassador to the UN in New York, tweeted on the matter saying the claims of the 2020 US election being “stolen” was a “dangerous lie”, the impact of which reflected on Wednesday’s incident.
©Kalkine Group 2020
Impact of the Capitol Building Chaos on Stock Market Performance
Global indices traded in the mix following the Capital Hill siege.
The S&P 500® index ended higher despite the violent incident at the Capitol Building, up 0.5 per cent to 3,748.14 on Wednesday. The Dow Jones Industrial Average index, meanwhile, climbed about 1.4 per cent to 30,829.4.
The Nasdaq Composite, however, dropped by about 0.6 per cent at 12,740.79 at close on Wednesday.
The benchmark Canadian index of S&P/TSX Composite rose by about 0.8 per cent to 17,828.11, while the S&P/TSX Venture Composite Index dwindled by 0.2 per cent to close at 897.52.
The Russell 1000 index, which is maintained by the FTSE Russell, shot up by about 0.6 per cent to 2,118.64 on January 6.
Many pro-Trump supporters have been calling to reject the 2020 US presidential election outcome, claiming that Trump ballots were “stolen”. The recent chaos at the Capitol building was reportedly an attempt to thwart the certification of Trump’s electoral defeat.
