Global Markets: Sanders out of U.S. presidential race

By MarketsFarm

WINNIPEG, April 9 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Vermont Senator Bernie Sanders has suspended his presidential campaign, leaving former United States Vice President Joe Biden as the likely Democratic challenger to Republican Donald Trump in the country’s upcoming presidential election. Sanders’s campaign included policies deemed progressive in the U.S., including universal healthcare. Biden is seen as a more status quo, establishment candidate.

– New U.S. jobless claims topped six million for the second week in a row, according to a new report from the U.S. Labor Department. The country has now shed 15 million jobs in the span of three weeks amid layoffs due to COVID-19.

– In Canada, the country lost one million jobs in March, according to a report from Statistics Canada. That took Canada’s unemployment rate to 7.8 per cent. An additional 1.3 million people reported no paid work due to lockdowns, but were still technically deemed to be employed.

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