By MarketsFarm
WINNIPEG, Aug. 5 – The following is a glance at the news moving markets in Canada and globally.
– Canada’s unemployment rate held steady at 4.9 per cent in July, with Statistics Canada reporting a small 31,000 decline in employment during the month. Meanwhile, nonfarm payrolls in the United States were up by 528,000 jobs in July, according to the U.S. Labor Department, taking that country’s unemployment rate to 3.5 per cent.
– Three more ships carrying Ukrainian grain left Black Sea ports on Friday with grain destined for Ireland, the United Kingdom and Turkey, according to reports. Dozens of more cargoes are waiting to move with grain that has been stuck in the country since Russia invaded in February.
– China is reportedly suspending dialog with the U.S. on numerous issues, including climate change and military efforts, in retaliation over a diplomatic visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan earlier this week. China has also conducted military exercises in the Taiwan Strait which have reportedly hindered some freight movement in the region.
