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Global markets: Britain’s hiring likely to be slower

By Commodity News Service Canada

WINNIPEG, August 15 – The following is a glance at the news moving markets globally.

BRITISH EMPLOYERS CAUTIOUS ABOUT HIRING POST-BREXIT
Employers are likely to be more cautious about hiring following a decision from Britain to leave the European Union, according to data from the Chartered Institute of Personnel and Development (CIPD.)

British employers expected to increase staffing in the next three months fell from 40 per cent before the referendum to 36 per cent following the decision.

CANADIAN REFINERY RECEIPTS LOWER DUE TO FORT MCMURRAY FIRE

In May, the wildfire in northern Alberta led to the lowest level of crude oil production in Canada since June 2011, Statistics Canada said in a report on Monday.

According to StatsCan, Canadian refineries received 6.6 million cubic metres of crude oil in May, a 14.4 per cent decrease from the same month in 2015, and the lowest level since April 1995.

INDIA’S CRUDE IMPORTS FROM IRAN REACH FIVE-YEAR-HIGH
India’s crude oil imports from Iran reached a five-year-high in July, according to reports on Monday.

Imports were more than 500,000 barrels per day in July, a 37 per cent increase from the previous month, market watchers said.

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