Glacier FarmMedia COVID-19 & the Farm

Global Markets: Canada unexpectedly loses jobs

By Commodity News Service Canada
WINNIPEG, Sept 7, 2018 (CNS) – The following is a glance at
the news moving markets in Canada and globally.
Canada?s economy lost 51,600 jobs last month,
according to data released from Statistics Canada Friday
morning. Ontario recorded its biggest employment drop in
almost a decade, losing 80,100 part-time jobs. The job
losses were unexpected as economists had predicted a gain
of 5,000 jobs. The national unemployment now sits at 6 per
cent, up from 5.8 per cent in July.
Alberta Premier Rachel Notley announced Thursday the
federal has promised a fast-track timeline to resume
construction on the stalled Trans Mountain pipeline
expansion projects. Prime Minister Justin Trudeau met with
Notley Thursday and reassured her that construction would
resume within weeks, if not months. Notley said she is
satisfied with Trudeau?s commitment and her government is
willing to work with him to make it happen.
Key Democrats in the United States have warned that if
their party wins a U.S. House majority in November, they
will strongly consider rejecting a Trump administration
rewrite of the North American Free Trade Agreement if it
doesn?t include Canada and raise wages for U.S. workers.
The Democrats said they?d closely scrutinize any agreement
reached by the Trump administration and that a Mexico-only
deal will not be acceptable.

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