WINNIPEG – The following is a glance at the news moving markets in Canada and globally.
– Queen Elizabeth II, Canada’s head of state and the longest-reigning British monarch died Thursday at Balmoral Castle in Scotland at the age of 96. Elizabeth is survived by her four children, including King Charles III, as well as eight grandchildren and 12 great-grandchildren. Elizabeth was made heir to the throne in 1936 after her uncle King Edward VIII abdicated, making her father King George VI. When George VI died in 1952, Elizabeth was crowned queen. In total, Elizabeth made 22 official visits to Canada during her reign. Canada will have an official mourning period of a yet-to-be-determined length.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
– For the third straight month, the number of jobs in Canada declined. According to a report released by Statistics Canada (StatCan) on Friday, 40,000 jobs were lost in August, which raised the national unemployment rate to 5.4 per cent. Analysts had expected the country to add between 10,000 to 15,000 jobs during the month. In total, more than 100,000 jobs were lost since May.
– Canadian discount retailer Dollarama reported a second-quarter profit of C$193.5 million on Friday, up from C$146.2 million from the same quarter one year ago, as sales rose 18.2 per cent to C$1.22 billion. Dollarama added that its profit per diluted share was 66 cents, compared to 48 cents one year earlier.
