Advertisement
Canada markets closed

  • S&P/TSX

    21,969.24
    +83.86 (+0.38%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CAD/USD

    0.7316
    -0.0007 (-0.09%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • Bitcoin CAD

    87,233.20
    -1,011.73 (-1.15%)
     

  • CMC Crypto 200

    1,327.30
    -69.23 (-4.96%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • RUSSELL 2000

    2,002.00
    +20.88 (+1.05%)
     

  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     

  • NASDAQ

    15,927.90
    +316.14 (+2.03%)
     

  • VOLATILITY

    15.03
    -0.34 (-2.21%)
     

  • FTSE

    8,139.83
    +60.97 (+0.75%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6838
    +0.0017 (+0.25%)
     

Austria: Party backs interior chief Nehammer for chancellor

Associated Press
·1 min read

BERLIN (AP) — Austrian Interior Minister Karl Nehammer announced Friday that he will be the acting leader of the conservative People’s Party and will seek to become Austria's next chancellor.

The current chancellor, Alexander Schallenberg, said Thursday that he would step down to make way for someone to take over as both the head of government and the leader of the Austrian People's Party, which won the most votes in the country's 2019 election.

Schallenberg took over as chancellor in October after his predecessor, Sebastian Kurz, stumbled over corruption allegations.

Nehammer needs the backing of his party's junior coalition partners, the Greens, and the approval of Austria's president, which is considered a formality.

His position as permanent leader of the People's Party would require formal confirmation.