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Global markets: US jobless claims increase

By Commodity News Service Canada

WINNIPEG, October 20 – The following is a glance at the news moving markets globally.

US JOBLESS CLAIMS GAIN
US jobless claims in the week ending October 15 increased 13,000 to a seasonally adjusted 260,000, according to reports out of the country on Thursday.

Analysts say the increases were, in part, due to Hurricane Matthew, which caused flooding in the southeast part of the US.

NUMBER OF CANADIANS ON EMPLOYMENT INSURANCE DOWN IN AUGUST
Regular Employment Insurance (EI) beneficiaries in Canada totalled 563,000 in August, down three per cent from the previous month. This decrease followed a five per cent increase in July, when legislative changes to the EI program came into effect. On a year-over-year basis, the number of beneficiaries was up by 4.4 per cent, Statistics Canada said in a report on Thursday.

STATSCAN RELEASES CRUDE INVENTORY DATA
Opening inventories of crude oil and equivalent products held in pipelines and terminals totalled 12.0 million cubic metres in August, Statistics Canada said in a report on Thursday.

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