By Glen Hallick
Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- Statistics Canada reported in its Labour Force Survey released on Thursday that the number of Employment Insurance recipients was virtually unchanged in February at 470,530. That kept the unemployment rate in Canada at 5.8 per cent. The number of young people aged 15 to 24 years receiving EI benefits rose by two per cent in February, while core-aged men (25 to 54-years old) dropped 1.8 per cent, but core-aged women saw an increase of 1.6 per cent.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- The United States placed new sanctions on 18 Iranian people and entities on Thursday in reaction to Iran’s missile and drone attack on Israel on the weekend. The sanctions include the company that produces the engines for Iran’s drones, the company that services the engines and officials from either one. This came as the Israeli government continued to contemplate its course of action against Iran.
- Greece is poised to see three per cent economic growth in 2024, according to a Reuters report on Thursday. That would well exceed the average of 0.8 per cent growth for the European Union. More than a decade ago the Greek economy was in shambles that threatened the economic viability of the EU.
- The United Arab Emirates continued to deal with flooding on Thursday following the heaviest rains in 75 years that fell two days ago. It’s largest city, Dubai was still dealing with water-clogged streets as well as flooded homes and businesses. The Dubai International Airport reached 60 to 70 per cent operating capacity on Thursday.
