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Global markets: US job growth slows

By Commodity News Service Canada

WINNIPEG, June 2 – The following is a glance at the news moving markets globally.

– US job growth was slower in May, according to reports on Friday.

Nonfarm payrolls advanced 138,000 in May, while data from the previous two months was revised lower.

Analysts say the data could indicate that the country’s labour market is losing momentum.

– Canada’s merchandise trade balance with the world narrowed to a C$370 million deficit in April, from a revised $936 million deficit in March. Exports rose 1.8 per cent to C$47.7 billion, led by higher exports of passenger cars and light trucks. Imports were up 0.6 per cent to C$48.1 billion, on the strength of import prices, Statistics Canada said in a report on Friday.

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