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Global Markets: Canada sees record employment growth

By Commodity News Service Canada

WINNIPEG, Dec. 7 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Canada posted record employment growth in November, with employment increasing by 94,100 jobs, according to a report from Statistics Canada. The country’s jobless rate declined to 5.6 per cent, from 5.8 per cent the previous month.

– Employment data out of the United States was sluggish, with the 155,000 increase in nonfarm payrolls coming in below market expectations. The U.S. unemployment rate held steady at 3.7 per cent, according to the Labor Department report.

– A number of prominent tourist attractions in Paris, including the Eiffel Tower and the Louvre, will be closed on Saturday as police in the city prepare for expected protests. The “yellow vest” demonstrations in the country started as a reaction to increased fuel taxes, but have since expanded to include other grievances with the government. Many retailers are also expected to close their doors.

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