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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 1:35 PM
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Labour board to review safety concerns of potential rail strike, delay a possibility
The federal government is asking a labour tribunal to review whether a strike by rail workers would jeopardize Canadians' health and safety.
May 10, 2024 1:23 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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Target to reduce number of stores carrying Pride-themed merchandise after last year's backlash
NEW YORK (AP) — Target confirmed Friday that it won't carry Pride Month merchandise at all stories this spring after the discount retailer experienced backlash and lower sales over its collection honoring LGBTQ+ communities.
May 10, 2024 12:35 PM
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April asking rent prices up 9.3% across Canada; as Ontario sees only decline: report
A new report says 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. The report by Urbanation and Rentals.
May 10, 2024 11:53 AM
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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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S&P/TSX composite edges lower in late-morning trading, U.S. stock markets mixed
TORONTO — Canada's main stock index edged lower in late-morning trading after closing at a record high on Thursday, while U.S. stock markets were mixed. The S&P/TSX composite index was down 1.12 points at 22,374.71.
May 10, 2024 11:33 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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