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Global Markets: Canadian jobs down, U.S. sees growth

By MarketsFarm

WINNIPEG, July 5 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Canada’s unemployment rate increased to 5.5 per cent in June, as the economy lost 2,200 jobs, according to updated data from Statistics Canada. Expectations had been for job gains of about 10,000 after the unemployment rate hit 40-year low of 5.4 per cent in May.

– Meanwhile, job growth in the United States beat expectations, with nonfarm payrolls increasing by 224,000 jobs in June, according to a report from the U.S. Labor Department.

– Spain will lodge a formal complaint with the European Union over the seizure of an Iranian oil tanker off the coast of Gibraltar. The tanker is alleged to be carrying oil to Syria, which would be against EU sanctions. Britain says the tanker was in British waters, while Spain considers the sea around Gibraltar as international waters.

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