Global Markets: Canadian economy adds jobs in June

By MarketsFarm

WINNIPEG, July 10 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Canada’s economy added nearly a million jobs in June, helping the unemployment rate fall to 12.3 per cent, after hitting a record high of 13.7 per cent the previous month, according to updated Statistics Canada data. The jobs growth beat expectations.

– Heavy flooding in Japan earlier this week has killed more than 60 people, according to reports out of the country, with thousands of people still stranded by floodwaters. At least 14 of the casualties were elderly residents of a nursing home.

– The mayor of Seoul, South Korea, Park Won-soon, was found dead on Thursday after being reported missing earlier in the day. Police said there were no signs of foul play, but did not provide additional details on his death. Park had recently been implicated in a sexual harassment complaint.

– Canadian Prime Minister Justin Trudeau’s mother and brother were paid nearly C$300,000 combined to speak at WE Charity events over the past four years, according to reports. The charity is currently in the centre of an ethics investigation over conflict of interest.

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