By MarketsFarm
WINNIPEG, March 11 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
– Russian attacks on Ukraine intensified on Friday, with airports and other targets in the western part of the country hit for the first time. Satellite imagery was also reportedly showing Russian troops amassing outside of Kyiv, with an assault on the capital city expected soon.
– Canada has increased its sanctions against Russia, with five high-profile Russian oligarchs added to the list – including Roman Abramovich – owner of the Chelsea Football Club in the United Kingdom. Abramovich also holds a 28 per cent ownership of steel company Ervaz, which has operations in Western Canada. Sanctions against 23 other organizations and companies associated with the Russian military were also introduced.
– Canada’s economy added 337,000 new jobs in February, taking the unemployment rate down to 5.5 per cent, according to a report from Statistics Canada. The jobs growth beat expectations, with the unemployment rate now only slightly off the record low of 5.4 per cent hit in May 2019.
