Global markets: US private sector adds jobs

By Commodity News Service Canada

WINNIPEG, June 1 – The following is a glance at the news moving markets globally.

– The US private sector gained 253,000 jobs in May, according to reports out of the country on Thursday.

That figure is higher than analysts had expected, however, the unemployment rate is likely to stay steady at 4.4 per cent, market watchers say.

– Capital expenditures for the oil and gas extraction industries totalled C$10.6 billion in the first quarter, up 5.1 per cent from the first quarter of 2016, Statistics Canada said in a report on Thursday.

This was the first year-over-year increase in spending since the fourth quarter of 2014. Despite the increase this quarter, spending remains well below the peak of C$19.8 billion reported in the first quarter of 2014, StatsCan said.

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