Global Markets: Jobs gains jump in June, but with a catch

Compiled by Glen Hallick, MarketsFarm

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

– Jobs gains in Canada during June have far exceeded economists’ predictions with 230,700 net positions versus expectations of 175,000, according to Statistics Canada on Friday. However, all of the jobs added are part-time at 263,900, with full-time work declining by 33,200. June marked the third consecutive month that full-time jobs have slipped back. The federal agency also noted total job losses in April and May amounted to 275,000 due to increased COVID-19 lockdown measures. Of the three million jobs lost at the height of the pandemic in 2020, approximately 2.65 million have been recovered.

– Two men allegedly connected with the assassination of Haitian President Jovenel Moise this week were arrested on Thursday in the capital of Port-au-Prince. The pair, James Solages and Joseph Vincent, are said to be Haitian-Americans. Solages, 35, calls himself a ‘certified diplomatic agent’ on a website he created for a charity and claims he once worked as a bodyguard at the Canada’s embassy in Haiti. He and Vincent were among 15 Colombian citizens detained by authorities as the investigation continues. The Colombian government acknowledged that six of the 15 are former soldiers. Haitian authorities said three other suspects were killed by police and eight others remain on the run.

– With the rampant spread of the delta variant of COVID-19, Pfizer approached officials in the United States on Thursday about adding a third booster shot of its vaccine. However in a joint statement, the U.S. Food and Drug Administrations (FDA) and the Centers for Disease Control and Prevention (CDC) said such a booster is not needed at this time. Pfizer stressed its “vaccine is highly active against the delta variant.” At the end of June, the Government of the United Kingdom said it plans to provide booster shots later this year.


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