By Commodity News Service Canada
WINNIPEG, March 30 – The following is a glance at the news moving markets globally.
– US jobless claims in the week ending March 25 dropped 3,000 to a seasonally adjusted 258,000, data from the country’s labour department said on Thursday.
That marks 108 consecutive weeks in which claims have been below 300,000, which indicates a healthy labour force.
– The American economy grew at a faster pace than previously reported, according to reports on Thursday.
US GDP increased at a 2.1 per cent annualized rate in the in the fourth quarter, compared with a previously estimated 1.9 per cent, reports out of the country said.
– The Canadian Industrial Product Price Index (IPPI) edged up 0.1 per cent in February, primarily due to higher prices for meat, fish and dairy products and primary non-ferrous metal products. The Raw Materials Price Index (RMPI) increased 1.2 per cent, mainly as a result of higher prices for animals and animal products, Statistics Canada said in a report on Thursday.