US employers add a surprisingly strong 216,000 jobs in a sign of continued economic strength
By Paul Wiseman, The Associated Press on January 5th, 2024
WASHINGTON (AP) – The nation’s employers added a robust 216,000 jobs last month, the latest sign that the American job market remains resilient even in the face of sharply higher interest rates. Friday’s report from the Labor Department showed that December’s job gain exceeded the 173,000 that were added in November. The unemployment rate was ... Read More »
Be the first to comment!Europe’s inflation is up after months of decline. It could mean a longer wait for interest rate cuts
By David Mchugh, The Associated Press on January 5th, 2024
FRANKFURT, Germany (AP) – Inflation plaguing Europe rose to 2.9% in December, rebounding after seven straight monthly declines. The rise in price levels cast doubt on predictions for speedy interest rate cuts from the European Central Bank. The figure released Friday was up from the 2.4% annual inflation recorded in November – but is well ... Read More »
Be the first to comment!‘False start for winter’ in Quebec disappoints tourists, forces cities to adapt
By Thomas MacDonald, The Canadian Press on January 5th, 2024
MONTREAL – An unusually mild start to winter in Quebec has discouraged tourists hoping for a winter wonderland, left litter visible on the streets of Montreal and at times diminished traffic to some of the province’s popular ski slopes. Environment and Climate Change Canada meteorologist Jean-Philippe Bégin said that last month was southern Quebec’s second-warmest ... Read More »
Be the first to comment!Statistics Canada to release its December jobs report this morning
By The Canadian Press on January 5th, 2024
OTTAWA – Statistics Canada is set to release its latest reading on the country’s job market this morning. The agency will publish its labour force survey for December. The report will include the unemployment rate for the final month of the year and whether the economy added or lost jobs. Canada’s unemployment rate edged up ... Read More »
Be the first to comment!S&P/TSX composite posts small gain Thursday, U.S. markets mixed
By The Canadian Press on January 4th, 2024
TORONTO – Canada’s main stock index posted a small gain Thursday despite weakness in energy stocks, while U.S. markets ended the day mixed. The S&P/TSX composite index closed up 52.77 points at 20,871.35. In New York, the Dow Jones industrial average was up 10.15 points at 37,440.34. The S&P 500 index was down 16.13 points ... Read More »
Be the first to comment!Parkland Corp.’s largest shareholder no longer has voice on company’s board
By Amanda Stephenson, The Canadian Press on January 4th, 2024
CALGARY – Parkland Corp.’s largest shareholder no longer has a seat on the fuel retailer’s board after the recent resignations of two board members. The Calgary-based company announced on Dec. 31 the resignations of Simpson Oil nominees Michael Christiansen and Marc Halley from Parkland’s board of directors. No reason for the resignations was provided, but ... Read More »
Be the first to comment!Stock market today: Wall Street drifts, and yields rise after solid data on the economy
By Stan Choe, The Associated Press on January 4th, 2024
NEW YORK (AP) – Wall Street drifted to a mixed close following signals that the job market remains solid, though it may be a touch too strong. The S&P 500 slipped 0.3% Thursday. The Dow Jones Industrial Average ended basically flat, and the Nasdaq composite fell 0.6%. Treasury yields rose after reports indicated employers hired ... Read More »
Be the first to comment!Parkland Corp.’s largest shareholder will no longer have voice on company’s board
By The Canadian Press on January 4th, 2024
CALGARY – Parkland Corp.’s largest shareholder will no longer have a seat on the fuel retailer’s board after the recent resignation of two board members. The Calgary-based company announced on Dec. 31 the resignations of Simpson Oil nominees Michael Christiansen and Marc Halley from Parkland’s board of directors. Parkland also says it is in discussions ... Read More »
Be the first to comment!New bridge connecting Detroit to Canada won’t open until fall 2025
By The Associated Press on January 4th, 2024
DETROIT (AP) – A second bridge connecting Detroit and Canada over the Detroit River won’t open for travel until fall 2025, months later than anticipated, officials said Thursday. Officials cited construction disruptions in the U.S. and Canada related to the COVID-19 pandemic. The Gordie Howe International Bridge, named for a Canadian who played hockey for ... Read More »
Be the first to comment!Lululemon founder Chip Wilson criticizes company’s diversity and inclusion efforts
By The Canadian Press on January 4th, 2024
VANCOUVER – Lululemon Athletica Inc.’s founder has criticized the Vancouver-based apparel company’s diversity efforts in a new interview. In an article published this week by Forbes, Chip Wilson shares his distaste for Lululemon’s “whole diversity and inclusion thing” and says the people the company is using in its ads are “unhealthy,” “sickly” and “not inspirational.” ... Read More »
Be the first to comment!US applications for unemployment benefits fall again as job market continues to show strength
By Matt Ott, The Associated Press on January 4th, 2024
The number of Americans applying for unemployment benefits fell last week as the labor market continues to show resilience despite elevated interest rates. Jobless claims fell to 202,000 for the week ending Dec. 30, down by 18,000 from the previous week, the Labor Department reported Thursday. The four-week average of claims, which evens out some ... Read More »
Be the first to comment!
