Business
Stock market today: Wall Street gains ground following surprisingly strong US jobs report
By Damian J. Troise And Alex Veiga, The Associated Press on April 5th, 2024
NEW YORK – Stocks posted solid gains on Wall Street as a strong report on employment showed the U.S. economy continues to chug along. The S&P 500 rose 1.1% Friday. The Dow Jones Industrial Average rose 307 points and the Nasdaq composite rose 1.2%. U.S. employers added a surprisingly strong number of jobs in March, ... Read More »
Be the first to comment!Expectations of a June interest rate cut solidify as cracks widen in labour market
By Nojoud Al Mallees, The Canadian Press on April 5th, 2024
OTTAWA – Canada’s unemployment rate jumped to 6.1 per cent in March as more people looked for work and job growth stalled – solidifying expectations of a June interest rate cut. Statistics Canada’s labour force survey on Friday shows the jobless rate is up from 5.8 per cent in February, marking the largest monthly increase ... Read More »
Be the first to comment!Alberta irrigators’ study proposes $5 billion in water storage for drier future
By The Canadian Press on April 5th, 2024
Alberta’s irrigation district managers are proposing a $5-billion plan for water storage and conservation in the province’s south as the region faces increasingly tight supplies of the vital resource. The plan is contained in a newly released report from the Alberta Irrigation Districts Association. It says lands drained by the South Saskatchewan River will face ... Read More »
Be the first to comment!Telecom and technology stocks help lift S&P/TSX composite higher
By The Canadian Press on April 5th, 2024
TORONTO – Canada’s main stock index was up more than 150 points Friday, helped higher by gains in technology and telecom stocks, while U.S. stock markets also rose. The S&P/TSX composite index was up 164.61 points at 22,216.40. In New York, the Dow Jones industrial average was up 276.38 points at 38,873.36. The S&P 500 ... Read More »
Be the first to comment!Latest milestones move Cedar LNG closer to getting a green light
By The Canadian Press on April 5th, 2024
CALGARY – RBC Capital Markets says it expects to see a green light from the partners behind the proposed US$3.4-billion Cedar LNG project. RBC analyst Robert Kwan said in a note Friday he expects Pembina Pipeline Corp. and its project partner, the Haisla Nation of B.C., to pull the trigger on the floating liquefied natural ... Read More »
Be the first to comment!Five things to know about Canada’s lucrative baby eel fishery
By Lyndsay Armstrong, The Canadian Press on April 5th, 2024
HALIFAX – Tiny, translucent baby eels, called elvers, are back in the news after two Mi’kmaq men from Nova Scotia reported being detained by federal fisheries officers and then left far from home at 1 a.m. — without footwear or phones — after they were caught fishing near Shelburne, N.S. The federal government closed the ... Read More »
Be the first to comment!Another month of robust US job growth points to continued economic strength
By Paul Wiseman, The Associated Press on April 5th, 2024
WASHINGTON (AP) – America’s employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates. Last month’s job growth was up from a revised 270,000 in February and was ... Read More »
Be the first to comment!Stock market today: Wall Street edges higher following surprisingly strong US jobs report
By Damian J. Troise, The Associated Press on April 5th, 2024
NEW YORK (AP) – Stocks rose on Wall Street Friday and Treasury yields climbed following a hot U.S. jobs report. The S&P 500 rose 0.5%. The Dow Jones Industrial Average gained 113 points, or 0.3% as of 10:10 a.m. Eastern. The Nasdaq composite rose 0.8%. The gains follow a late-day slump on Thursday for major ... Read More »
Be the first to comment!US employers added a surprisingly robust 303,000 jobs in March in a sign of economic strength
By Paul Wiseman, The Associated Press on April 5th, 2024
WASHINGTON (AP) – America’s employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates. Last month’s job growth was up from a revised 270,000 in February and was ... Read More »
Be the first to comment!Canada’s unemployment rate jumps to 6.1% in March as job growth comes to a halt
By The Canadian Press on April 5th, 2024
OTTAWA – Statistics Canada says the unemployment rate jumped to 6.1 per cent in March as more people looked for work and job growth ground to a halt. That’s up from 5.8 per cent in February and marks the largest increase in the unemployment rate since summer 2022. The federal agency’s labour force survey shows ... Read More »
Be the first to comment!Apple lays off more than 600 workers in California in its first major round of post-pandemic cuts
By Associated Press, The Associated Press on April 5th, 2024
Apple is laying off more than 600 workers in California, marking the company’s first big wave of post-pandemic job cuts amid a broader wave of tech industry consolidation. The iPhone maker notified 614 workers in multiple offices on March 28 that they were losing their jobs, with the layoffs becoming effective on May 27, according ... Read More »
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