U.S. job growth slowed in May amid headwinds from tariff uncertainty, while the unemployment rate held steady at 4.2 per cent, potentially giving the Federal Reserve cover to delay resuming interest rate […]
Author: Consultant
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Canadian unemployment rate rises to 7% in May as economy adds 8,800 jobs
Statistics Canada says the unemployment rate ticked up for the third consecutive month in May as the economy added 8,800 jobs. The national jobless rate rose to 7 per cent […]
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Canada posts April trade deficit of $7.1-billion, the largest on record
Canada’s trade deficit in April widened to an all-time high of a whopping $7.1 billion, data showed on Thursday, as tariffs imposed by President Donald Trump sucked out demand for Canadian goods […]
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Bank of Canada holds key interest rate at 2.75%, cites ‘unusual uncertainty’
The Bank of Canada held its key interest rate steady at 2.75 per cent for the second consecutive time, citing ongoing trade uncertainty and an economy that continues to chug […]
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TOY.TO : Toronto-based toy maker Spin Master cuts jobs as it weathers tariff impacts
Toy maker Spin Master Corp. TOY-T says it has cut jobs across the company as it tries to weather the impact of global tariffs on its business. In an e-mailed statement, spokeswoman […]
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U.S. private payrolls growth comes in far below expectations in May
U.S. private payrolls increased far less than expected in May, the ADP National Employment Report showed on Wednesday. Private payrolls increased by only 37,000 jobs last month after a downwardly […]
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Calendar: June 2 – June 6
Monday June 2 China PMI Japan and Euro zone manufacturing PMI (9:30 a.m. ET) Canada’s S&P global manufacturing PMI for May. (9:45 a.m. ET) U.S. S&P global manufacturing PMI for […]
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Trump tariffs reinstated by appeals court for now
A federal appeals court granted the Trump administration’s request to temporarily pause a lower-court ruling that struck down most of President Donald Trump’s tariffs. The administration had told the U.S. […]
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Oil prices on track to decline for second week ahead of expected OPEC+ production increase
Oil prices were steady on Friday and headed for a second consecutive weekly loss, as investors weigh a potentially larger OPEC+ output hike for July, and uncertainty spreads around U.S. tariff […]