Jobs recovery from COVID-19 gained steam in September, with 378,000 new hires | CBC News: September’s
job gains mean that the job market is now within 720,000 positions of
where it was in February, before the advent of COVID-19 in Canada.

March
and April saw a cumulative record of three million jobs lost, before
the numbers started to bounce back in June. Each month from then on has
been slightly lower than the previous, until last month, when hiring
seems to have picked up again.

Jobs recovery from COVID-19 gained steam in September, with 378,000 new hires | CBC News: September’s
job gains mean that the job market is now within 720,000 positions of
where it was in February, before the advent of COVID-19 in Canada.March
and April saw a cumulative record of three million jobs lost, before
the numbers started to bounce back in June. Each month from then on has
been slightly lower than the previous, until last month, when hiring
seems to have picked up again.Read More

In a world with too much oil, OPEC+ sweats its next move: For many in the oil market, it’s the wrong move. Increasingly, some inside the OPEC+ coalition are also wondering if the group should reconsider.

“We do not need the extra oil,” said Marco Dunand, co-founder of Mercuria Energy Group, one of the world’s largest commodity trading houses.

Saudi Arabian Energy Minister Prince Abdulaziz bin Salman and his Russian counterpart Alexander Novak face a difficult task. With too much oil around, some traders believe that OPEC may opt to delay, or spread the output hike over a number of months, trying to fine-tune the increase with seasonal consumption. “I don’t think the market sees it happening in one fell swoop,” said Mike Muller, the head of Asia at top oil trading house Vitol Group.

In a world with too much oil, OPEC+ sweats its next move: For many in the oil market, it’s the wrong move. Increasingly, some inside the OPEC+ coalition are also wondering if the group should reconsider.“We do not need the extra oil,” said Marco Dunand, co-founder of Mercuria Energy Group, one of the world’s largest commodity trading houses.Saudi Arabian Energy Minister Prince Abdulaziz bin Salman and his Russian counterpart Alexander Novak face a difficult task. With too much oil around, some traders believe that OPEC may opt to delay, or spread the output hike over a number of months, trying to fine-tune the increase with seasonal consumption. “I don’t think the market sees it happening in one fell swoop,” said Mike Muller, the head of Asia at top oil trading house Vitol Group.Read More