Global Markets: United States presses North Korean sanctions

By Commodity News Service Canada

WINNIPEG, Aug. 8 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– United States Secretary of State Rex Tillerson continues a tour of Southeast Asia, pressing leaders throughout the region for more action to deter North Korea from further developing its nuclear missile arsenal. China, a key North Korea trading partner has agreed to go along with United Nations sanctions.

– The top judge in the United Kingdom said the British government must clarify how British courts are to interpret rulings from the European Court of Justice after England leaves the European Union under Brexit. David Neuberger, president of the U.K.’s Supreme Court, said the British government needs to instruct judges on whether their decisions should take into account European justice court rulings following Brexit.

– Canada recently released its labour forces survey for July, which showed employment little changed from the previous month. The unemployment rate declined 0.2 percentage points to 6.3 per cent. The two previous reports showed steady increases. In the past 12 months, employment in Canada has risen by 2.1 per cent (388,000).

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