By MarketsFarm
WINNIPEG, Nov. 3 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
- Canada’s unemployment rate edged up 0.2 points in October to hit 5.7 per cent, according to a report from Statistics Canada. Total employment was up by 0.1 per cent with 18,000 new jobs added, but more people were entering the workforce.
- Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, was found guilty of seven counts of fraud in a Manhattan federal court on Thursday. Bankman-Fried was charged with stealing US$8 billion from the exchange’s users. Sentencing is set for March 2024, with Bankman-Fried facing decades in prison. He also faces more charges of alleged foreign bribery and bank fraud which will be tried in 2024, but continues to maintain his innocence.
- United States Secretary of State Antony Blinken was in Jerusalem Friday making an appeal that Israel takes more steps to protect civilians caught up in the conflict in Gaza. Israeli ground forces have reportedly encircled Gaza City and are fighting Hamas militants in close combat.
