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National Business
National Business
Doubts grow over June interest rate cut after big gains seen in jobs report
OTTAWA — The odds of a June interest rate cut from the Bank of Canada appear to have fallen after the latest jobs report from Statistics Canada showed employment jumped by 90,000 last month.
May 10, 2024 2:15 PM
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April asking rent prices up 9.3% across Canada; as Ontario sees only decline: report
The average asking rent for a home in Canada in April was up 9.3 per cent compared with a year ago, while a slight month-over-month increase was also recorded for the first time since January, a new report says. The report by Urbanation and Rentals.
May 10, 2024 2:04 PM
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Enbridge says carbon storage project still alive in spite of Capital Power decision
CALGARY — Enbridge Inc.'s proposal to build a major carbon storage hub in Alberta remains on the table, the company said Friday, in spite of Capital Power's recent decision to shelve its own $2.4-billion project associated with the plan.
May 10, 2024 12:53 PM
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US consumer sentiment drops to 6-month low on inflation, unemployment fears
WASHINGTON (AP) — U.S. consumer sentiment fell sharply in May to the lowest level in six months as Americans cited stubbornly high inflation and interest rates, as well as fears that unemployment could rise .
May 10, 2024 11:43 AM
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Stock market today: Wall Street opens higher and is headed for another weekly gain
NEW YORK (AP) — U.S. stocks are heading toward the close of another winning week with some more modest gains. The S&P 500 was up 0.3% in early trading Friday. The Dow Jones Industrial Average was up 118 points, and the Nasdaq composite was up 0.
May 10, 2024 9:37 AM
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Here's a quick glance at unemployment rates for April, by Canadian city
OTTAWA — The national unemployment rate was 6.1 per cent in April. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities.
May 10, 2024 9:06 AM
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Here's a quick glance at unemployment rates for April, by province
OTTAWA — Canada's national unemployment rate was 6.1 per cent in April. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 9.1 per cent (10.1) _ Prince Edward Island 6.
May 10, 2024 9:06 AM
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National employment numbers for April from Statistics Canada, at a glance
OTTAWA — A quick look at Canada's April employment (numbers from the previous month in brackets): Unemployment rate: 6.1 per cent (6.1) Employment rate: 61.4 per cent (61.4) Participation rate: 65.4 per cent (65.
May 10, 2024 9:05 AM
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Transat says it expects to fall short of financial guidance for 2024
MONTREAL — Travel company Transat A.T. Inc. says it expects to fall short of its financial guidance for the year.
May 10, 2024 8:25 AM
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Algonquin Power & Utilities names Chris Huskilson as CEO, reports Q1 loss
OAKVILLE, Ont. — Algonquin Power & Utilities Corp. named Chris Huskilson as its chief executive as it reported a loss in its latest quarter. Huskilson has been interim CEO since August 2023. The power utility, which keeps its books in U.S.
May 10, 2024 8:20 AM
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