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Global markets: Airstrike buoys crude

By Commodity News Service Canada

WINNIPEG, April 7 – The following is a glance at the news moving markets globally.

– Crude oil futures advanced to a one month high after the US fired missiles at a Syrian airbase.

The news brought on speculation that conflict could worsen in Syria, which is oil-rich.

Syria does not produce a huge amount of oil, on an international scale, but it is well located and has alliances with big producers, reports say.

– Employment in Canada was little changed in March (up 19,000 or 0.1 per cent); while the unemployment rate rose 0.1 percentage points to 6.7 per cent as more people searched for work.

In the first quarter of 2017, employment gains totalled 83,000 or 0.5 per cent. This growth is comparable to the last quarter of 2016 (up 91,000 or 0.5 per cent) and notably higher than the first quarter of 2016 (up 36,000 or 0.2 per cent), Statistics Canada said in a report on Friday.

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