WINNIPEG – The following is a glance at the news moving markets in Canada and globally.
– Statistics Canada (StatCan) reported on Friday that the country’s unemployment rate declined slightly to 5.1 per cent in November according to its labour force survey. The report also said that 10,000 jobs were added to Canada’s economy during that month. Employment rose in various sectors including finance, insurance, real estate and manufacturing, while jobs fell in construction and retail trade. The employment rate for core-aged women reached a record-high of 81.6 per cent in November.
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– One day after the United States House of Representatives passed a measure to avert a nationwide rail strike, the U.S. Senate voted 80-15 on Thursday to impose a contract deal on 12 railway unions. The measure will then go to the desk of President Joe Biden, who will sign the bill into law. The deal was proposed in September, but only eight of the 12 unions supported it and workers were prepared to strike starting Dec. 9. An amendment to add paid sick leave to workers failed to pass.
– After Biden said he was open to meeting with Russian President Vladimir Putin if the latter was interested in ending his country’s invasion of Ukraine, Putin replied on Friday that the West must recognize territories annexed from Ukraine first. Russia illegally annexed four Ukrainian regions in September, but failed to control any of them. German Chancellor Olaf Scholz called Putin on Friday for one hour, urging Russia to find a diplomatic solution which included pulling Russian forces out of Ukraine.
