Global Markets: Trudeau pledges support for Canadians

By MarketsFarm

WINNIPEG, Sept. 24 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

Following the Speech from the Throne on Wednesday evening, Prime Minister Justin Trudeau said his government had plans for job creation and economic supports along with maintaining the health and safety of Canadians. The government plans on scaling up the Youth Employment and Skills strategy in order to provide more paid work experiences for young Canadians.

New United States jobless claims totalled 870,000 last week, illustrating the squeeze still felt by the tourism industry and other businesses six months into the pandemic. There have been reports of newly laid-off Americans who are facing delays in receiving unemployment benefits, as state agencies are working through a backlog of jobless claims.

New investigations by the Associated Press found allegations of child labour, slavery, and other abuses in the palm oil industry. AP interviewed nearly 130 current and former workers of dozens of palm oil companies who worked in Malaysia and Indonesia. Nearly everyone interviewed said they were treated poorly, cheated, threatened, held against their will, or forced to work off significant debts.

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