By MarketsFarm
WINNIPEG, Aug. 3 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
- The Bank of England raised its key interest rate by a quarter of a percentage point on Thursday, taking it to a 15-year high of 5.25 per cent. The BoE also warned that rates will likely stay high for some time to bring inflation back in line with its two per cent target. The country’s inflation came in at 7.9 per cent in June, the highest of any major world economy.
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Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. United States…
- Jobless claims in the United States were up slightly in the past week, rising by 6,000 to a seasonally adjusted 227,000, according to a report from the country’s Labor Department. The employment data was in line with expectations.
- Tensions continue to mount in Niger, as demonstrators supporting the recent coup against democratically elected President Mohamed Bazoum gathered in the capital, Niamey, on the 63rd anniversary of the country’s independence from France. Some of the demonstrators waved Russian flags. The coup has triggered sanctions against Niger and condemnation from many countries.
