By MarketsFarm
WINNIPEG, June 22 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
- New depth restrictions on vessels moving through the Panama Canal are set to go into place on Sunday, as drought conditions have resulted in shallower water. Further limits are set to go into place later in July, with the vessels required to carry less cargo to meet the new maximum draft limits.
- New jobless claims in the United States held steady at a 20-week high in the past week, according to the latest data out of the country, which was seen as an indication of a softening labour market. There were an estimated 264,000 new claims filed during the week ended June 17, topping trade guesses that had called for a slight downturn on the week.
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- The search for the missing submersible carrying five people to visit the wreckage of the Titanic continued Thursday with no developments. The craft lost contact with its support vessel on Sunday and is believed it would have run out of oxygen earlier Thursday.
