WINNIPEG – The following is a glance at the news moving markets in Canada and globally.
– Former Japanese Prime Minister Shinzo Abe was shot and killed on Friday during a campaign event in the western part of the country. While delivering a speech for a Liberal Democratic Party (Jiyū-Minshutō) candidate, Abe collapsed mere minutes after beginning his speech in the city of Nara. Tetsuya Yamagami, a 41-year-old man who had previously served three years in the Maritime Self-Defense Force, was arrested by police. Abe was Japan’s longest-serving PM, first from 2006 to 2007 and again from 2012 until his resignation in 2020. A staunch conservative, Abe strengthened relations between Japan and the United States, but also took a hardline stance against China and North Korea. He also courted controversy by attempting to revise Japan’s pacifist constitution to include a more typical stance on national defence.
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– Canada lost 43,000 jobs in June, according to a report from Statistics Canada released on Friday, surprising many analysts who had expected a rise of 22,500 jobs. Despite this, the national jobless rate fell to 4.9 per cent, the lowest recorded since 1976, due to 100,000 people leaving the work force. The average hourly wage rose to 5.2 per cent in June, compared to 3.9 per cent in May. Meanwhile, in the United States, 372,000 non-farm payrolls were added in June, according to a report from the Labor Department on Friday. The unemployment held steady at 3.6 per cent and average hourly earnings rose by 0.3 per cent.
– Via Rail Canada received a 72-hour strike notice from Unifor, the union representing 2,400 of its employees, early Friday. Two Unifor chapters conducted strike votes, which received 99.4 and 99.3 per cent approval. Unifor said the main issue at hand is job security. If a deal isn’t reached by 12:01 a.m. on Monday, maintenance workers, on-board service personnel, chefs, sales agents and customer service staff will be on the picket line, disrupting services.
