Global Markets: Unemployment rate stays put at 5.5 per cent

WINNIPEG – The following is a glance at the news moving markets in Canada and globally.

– Statistics Canada (StatCan) reported on Friday that the national unemployment rate remained at 5.5 per cent after three-straight monthly increases. Meanwhile, the economy added 40,000 jobs with the gains in the professional, scientific and technical services as well as construction, while those in education services and manufacturing were fewer. Hourly wage growth rose 4.9 per cent on an annual basis.

– A Russian missile attack on the central Ukrainian city of Kryvyi Rih, the hometown of President Volodymyr Zelenskyy, killed a police officer and injured 52 while damaging 10 buildings. Three people were also killed in a missile attack in the southern Kherson region the same night. Russia is conducting local elections in areas it has annexed and also in areas which it hasn’t. Ukraine’s Foreign Ministry said it will not recognize the “fake elections.”

– North Korea said on Friday that after years of development, it has a nuclear submarine with attack capabilities that the country’s leader Kim Jong Un claims can counter the United States and their Asian allies. However, South Korea believes that the submarine will not work as North Korea described and it is not yet ready for operational duty.

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