Latest News
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 last […] This post is only…
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 […] This post is only…
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 […] This post is only…
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 Tammy […] This post is only…
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 revised […] This post is only…
Calendar: June 2 – June 6
Monday June 2China PMIJapan 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 May.(10 a.m. ET) U.S. […] This post is only…
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. […] This post is only…
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 […] This post is only…
Canada’s first quarter GDP expands by 2.2% annualized rate, beating estimates
Canada’s economy in the first quarter grew faster than expected, data showed on Friday, primarily driven by exports as companies in the United States rushed to stockpile before tariffs by […] This post is only…