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Global Markets: Canadian unemployment rises

By Commodity News Service Canada
WINNIPEG, Nov. 3, 2017 (CNS) – The following is a glance at
the news moving markets in Canada and globally.
The Canadian economy added 35,300 jobs in October but the
unemployment rate crept higher, with more young people looking
for work, according to Statistics Canada Friday. Full-time
positions swelled by 88,700, while part-time employment dropped
by 53,300 jobs. The unemployment rate increased to 6.3 per cent,
up from 6.2 per cent in September.
Oil prices rose Friday, reaching their highest levels in
more than two years. Buyers were attracted by expectations of an
extension to a global pact to cut output which has reduced
oversupply. Global benchmark Brent futures traded up 45 cents at
US$61.07 a barrel.
President Donald Trump sets off today on the longest trip
to Asia by an American president in more than a quarter of a
century. Trump will be gone until Nov. 14. The focus of the trip
will be looking for help to pressure North Korea to stand down
from a nuclear crisis.

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