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Global markets: US jobless claims drop

By Commodity News Service Canada

WINNIPEG, September 8 – The following is a glance at the news moving markets globally.

US JOBLESS CLAIMS DECLINE
US jobless claims in the week ending September 3 dropped 4,000 to a seasonally adjusted 259,000, according to reports out of the country.

That level is the lowest since July, and marks the 79th consecutive week of claims below 300,000.

CANADIAN HOUSING PRICES EDGE UP
The New Housing Price Index (NHPI) rose 0.4 per cent in July compared with the previous month, driven mainly by new housing prices in the combined region of Toronto and Oshawa. Prices have increased at the national level for 16 consecutive months, Statistics Canada said in a report on Thursday.

CANADIAN PRODUCTION CAPACITY EDGES DOWN
Canadian industries operated at 80 per cent of their production capacity in the second quarter, down from 81.4 per cent in the previous quarter, Statistics Canada said in a report on Thursday.

The decline in the industrial capacity utilization rate was widespread, with 19 of the 21 major groups in the manufacturing sector recording a lower rate. A decrease was also observed in every other non-manufacturing industry surveyed, except electric power generation, transmission and distribution.

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