June 16th, 2021

Business

Base metals sector helps lift S&P/TSX composite, U.S. stock markets also climb

By The Canadian Press on June 4th, 2021

TORONTO – Strength in the base metals sector helped lift Canada’s main stock index higher in late-morning trading as it pushed back above 20,000, while U.S. stock markets also climbed. The S&P/TSX composite index was up 62.58 points at 20,003.97. In New York, the Dow Jones industrial average was up 125.00 points at 34,702.04. The ... Read More »

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Universal Music attracts the attention of US billionaire

By Michelle Chapman, The Associated Press on June 4th, 2021

Universal Music Group is in talks to sell a 10% stake in a deal that would value the record label at about $40 billion. Confirmation Friday of those talks arrive four months after Vivendi SE, the French media conglomerate that owns Universal, said that it might spin off the label that is home to Taylor ... Read More »

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S&P/TSX composite back over 20,000 in early trading, U.S. stock markets also up

By The Canadian Press on June 4th, 2021

TORONTO – Canada’s main stock index pushed back above the 20,000-point level in early trading, helped by gains in the energy and base metal sectors, while U.S. stock markets also rose. The S&P/TSX composite index was up 80.20 points at 20,021.59. In New York, the Dow Jones industrial average was up 123.60 points at 34,700.64. ... Read More »

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EU bans overflight of its territory by Belarus airlines

By The Associated Press on June 4th, 2021

BRUSSELS (AP) – The European Union has slapped a ban on the overflight of the 27-nation bloc’s airspace and the use of its airports by Belarus airlines, in the wake of Minsk’s decision to divert a Ryanair passenger plane to arrest a dissident journalist last month. EU headquarters said in a statement Friday that member ... Read More »

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Here’s a quick glance at unemployment rates for May, by Canadian city

By The Canadian Press on June 4th, 2021

OTTAWA – The national unemployment rate was 8.2 per cent in May. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities. It cautions, however, that the figures may fluctuate widely because they are based on small statistical samples. Here are the jobless rates last month by city (numbers from the ... Read More »

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Here’s a quick glance at unemployment rates for May, by province

By The Canadian Press on June 4th, 2021

OTTAWA – Canada’s national unemployment rate was 8.2 per cent in May. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 13.4 per cent (13.9) _ Prince Edward Island 9.6 per cent (8.2) _ Nova Scotia 9.8 per cent (8.1) _ New Brunswick 9.0 ... Read More »

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National employment numbers for May from Statistics Canada, at a glance

By The Canadian Press on June 4th, 2021

OTTAWA – A quick look at Canada’s May employment (numbers from the previous month in brackets): Unemployment rate: 8.2 per cent (8.1) Employment rate: 59.4 per cent (59.6) Participation rate: 64.6 per cent (64.9) Number unemployed: 1,652,300 (1,640,300) Number working: 18,559,200 (18,627,200) Youth (15-24 years) unemployment rate: 15.9 per cent (16.1) Men (25 plus) unemployment ... Read More »

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US adds 559K jobs as firms still struggle to fill positions

By Christopher Rugaber, The Associated Press on June 4th, 2021

WASHINGTON (AP) – U.S. employers added a modest 559,000 jobs in May, an improvement from April’s sluggish gain but still evidence that many companies are struggling to find enough workers as the economy rapidly recovers from the pandemic recession. Last month’s job gain was above April’s revised total of 278,000, the Labor Department said Friday, ... Read More »

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Economy lost 68,000 jobs in May, unemployment rate 8.2%, Statistics Canada says

By The Canadian Press on June 4th, 2021

OTTAWA – Statistics Canada says the economy lost 68,000 jobs in May as lockdowns to slow the spread of COVID-19 continued. The unemployment rate was 8.2 per cent in May, little changed from the 8.1 per cent in April because the number of unemployed people in Canada overall stayed relatively steady. What changed is that ... Read More »

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US adds modest 559,000 jobs, a sign of more hiring struggles

By Christopher Rugaber, The Associated Press on June 4th, 2021

WASHINGTON (AP) – U.S. employers added 559,000 jobs in May, an improvement from April’s sluggish gain but still evidence that many companies are struggling to find enough workers as the economy rapidly recovers from the pandemic recession. Last month’s job gain was above April’s revised total of 278,000, the Labor Department said Friday. The unemployment ... Read More »

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Canadian Press NewsAlert: Economy lost 68,000 jobs in May, unemployment rate 8.2%

By The Canadian Press on June 4th, 2021

OTTAWA – Statistics Canada says the economy lost 68,000 jobs in May as lockdowns to slow the COVID-19 continued. The unemployment rate was 8.2 per cent in May, up from 8.1 per cent for April. More coming... Read More »

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