By Glen Hallick
Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- Striking machinists at Boeing voted 64 per cent against a tentative deal with the company on Wednesday. The 33,000 members of the International Association of Machinists and Aerospace Workers rejected the offer that included 35 per cent pay hikes over four years and Boeing increasing its contributions to the workers’ 401(k) plans, but didn’t reinstate the company pension plan. The strike, which began Sept. 13, continues.
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Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. –…
- Statistics Canada reported on Thursday the number of people receiving regular Employment Insurance benefits increased 1.5 per cent in August, bringing the total to approximately 494,100. On a year-over-year basis, the number of EI beneficiaries rose 5.6 per cent in August. Provincially, Quebec had the largest increase at 5.4 per cent while Saskatchewan had the largest decrease at 1.3 per cent.
- Jobless claims in the United States declined to pre-hurricane levels, the country’s Labor Department reported on Thursday. New applicants were down 15,000 people at 227,000 last week, which came below analysts’ expectations of 242,000. However, the total number of people collecting benefits remained at 1.9 million.
- As U.S. Secretary of State Antony Blinken continued his latest Middle East trip on Thursday, he commented the U.S. doesn’t want Israel to maintain a protracted campaign in Lebanon. Israel launched offensive operations into Lebanon more than month ago against Hezbollah forces in the country.
