By Commodity News Service Canada
WINNIPEG, September 2 – The following is a glance at the news moving markets globally.
G20 TALKS START IN CHINA
China will be hosting G20 for the first time this weekend, and world leaders are expected to meet to discuss foreign affairs.
Canadian Prime Minister Justin Trudeau, US President Barack Obama, and British Prime Minister Theresa May will be present.
International Monetary Fund officials have urged leaders to do more to spur economic growth, market watchers say.
CANADIAN EXPORTS UP IN JULY
Canada’s exports increased 3.4 per cent to C$42.7 billion in July. Export volumes were up 3.7 per cent, while prices were down 0.3 per cent. Imports edged down 0.1 per cent to C$45.2 billion, as volumes were down 1.2 per cent and prices were up 1.1 per cent, Statistics Canada said in a report on Friday.
As a result, Canada’s merchandise trade deficit with the world narrowed from a record C$4.0 billion in June to C$2.5 billion in July.
US EMPLOYMENT GROWTH BEHIND ANALYST EXPECTATIONS
US employment growth was slower than analysts had expected in July, according to reports out of the country on Friday.
Non-farm payrolls gained 151,000 jobs in July, while the unemployment rate stayed steady at 4.9 per cent, data out of the country said.