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Canadian jobs market stalls in June as unemployment rate rises to 6.4%
The Canadian economy lost 1,400 jobs in June as the unemployment rate climbed to its highest level in more than two years, Statistics Canada said Friday.In its monthly labour force […] This post is only…
U.S. weekly unemployment claims drift lower; economic growth moderated sharply in first quarter
First-time applications for U.S. unemployment benefits drifted lower last week, which could allay fears of a material shift in the labour market.Initial claims for state unemployment benefits dropped 6,000 to […] This post is only…
Oil prices rise on inventory drawdown outlook, Middle East risks
Oil prices inched up on Wednesday nearing their highest level in almost two months, driven by forecasts for an eventual inventory drawdown during the third quarter peak summer demand season […] This post is only…
Alimentation Couche-Tard earnings drop as consumers watch spending
Alimentation Couche-Tard Inc. says its net earnings fell by almost a third in its fourth quarter as inflation-squeezed consumers watch their spending.The convenience store giant says net earnings attributable to […] This post is only…
Live updates: Canada’s inflation rate accelerated to 2.9% in May: Statsca
8:30 A.M.Canada’s inflation rate unexpectedly accelerated in May, Statistics Canada said on Tuesday. The Consumer Price Index rose 2.9 per cent in May on a year-over-year basis, up from 2.7 […] This post is only…
Liberal government’s proposed capital gains tax changes come into effect today
The Liberal government’s changes to capital gains taxation came into effect Tuesday, despite significant pushback from business and physicians’ groups.Finance Minister Chrystia Freeland’s spring budget proposed making two-thirds of capital gains – […] This post is only…
BoC’s Macklem says Canadian economy appears to be on track for soft landing
Bank of Canada governor Tiff Macklem said the Canadian economy appears to be on track for a soft landing where inflation falls back to the bank’s target without a major […] This post is only…
June 24 : TSX Ends Nearly 300 Pts Up As Stocks Rally Ahead Of Inflation Data
By RTTNews Staff Writer ✉ | Published: 6/24/2024 5:31 PM ET | The Canadian market ended on a strong note on Monday with its benchmark S&P/TSX Composite Index recording its biggest increase in about seven weeks. […] This post is only…
Calendar: June 24 – June 28
Monday June 24Germany business climate(10:30 a.m. ET) U.S. Dallas Fed Manufacturing Activity for June.(1:30 p.m. ET) Bank of Canada governor Tiff Macklem speaks at the Winnipeg Chamber of Commerce (with […] This post is only…