Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
– Statistics Canada reported on Friday that the country added 76,000 jobs in December and the unemployment rate of 6.6 per cent declined by 0.1 of a point from November. Analysts had expected 25,000 jobs to be added with a jobless rate of 6.8 per cent. However, the number of unemployed people in Canada remained at 1.5 million.
– Canadian Prime Minister Justin Trudeau will host the Canada-United States Economic Summit, a meeting of Canadian business and labour leaders in Toronto on Friday. In a statement, the PM said the summit will “find ways to galvanize our economy, create more jobs and bigger paycheques, make it easier to build and trade within our borders and diversify export markets.” The main focus at the meeting will be how to get rid of interprovincial trade barriers.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
– China accused the U.S. of “coercion” on Friday after Panama declined to renew a key infrastructure agreement with Beijing. China added that the U.S. “smeared and undermined” its foreign Belt and Road Initiative, which has completed major projects in other countries. Last weekend, U.S. Secretary of State Marco Rubio warned Panamanian Prime Minister Jose Raul Mulino that if Chinese influence is not immediately reduced in the Panama Canal, the country could face retaliation from the U.S.
