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Global markets: US jobless claims near 43-year-low

By Commodity News Service Canada

WINNIPEG, February 9 – The following is a glance at the news moving markets globally.

– US jobless claims in the week ending February 4 fell 12,000 to a seasonally adjusted 234,000, according to reports out of the country.

Claims have been below 300,000—which indicates a healthy labour force—for 101 consecutive weeks.

Jobless claims are sitting near a 43-year-low, analysts say.

– The New Housing Price Index (NHPI) edged up 0.1 per cent in December compared with the previous month, largely reflecting price increases in Ontario and Alberta. Prices have risen at the national level for 21 consecutive months, Statistics Canada said in a report on Thursday.

Higher new home sales indicate strong demand.

– Canada produced 20.7 million cubic metres (130.0 million barrels) of crude oil and equivalent products in November, up 7.7 per cent from the same month in 2015, StatCan said on Thursday.

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