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Doubts grow over June interest rate cut after big gains seen in jobs report

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.
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April asking rent prices up 9.3% across Canada; as Ontario sees only decline: report

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.
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Compensation in property case should be guided by zoning as watershed area: top court

Compensation in property case should be guided by zoning as watershed area: top court

OTTAWA — The zoning of a St. John's, N.L., property as a watershed area should guide the process of compensating the owners for expropriation of the land, the Supreme Court of Canada has ruled.
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Enbridge says carbon storage project still alive in spite of Capital Power decision

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.
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US consumer sentiment drops to 6-month low on inflation, unemployment fears

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 .
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Stock market today: Wall Street opens higher and is headed for another weekly gain

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.
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Here's a quick glance at unemployment rates for April, by Canadian city

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.
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Here's a quick glance at unemployment rates for April, by province

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.
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National employment numbers for April from Statistics Canada, at a glance

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.
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Transat says it expects to fall short of financial guidance for 2024

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.
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