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Job market shows sign of softening, but economists say more needed to stop rate hikes

Job market shows sign of softening, but economists say more needed to stop rate hikes

OTTAWA — Canada's unemployment rate ticked up in May for the first time in nine months, but forecasters say the Bank of Canada will have to see more softening in the economy before it takes it takes a step back from raising interest rates.
National employment numbers for May from Statistics Canada, at a glance

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

OTTAWA — A quick look at Canada's May employment (numbers from the previous month in brackets): Unemployment rate: 5.2 per cent (5.0) Employment rate: 62.1 per cent (62.4) Participation rate: 65.5 per cent (65.
Here's a quick glance at unemployment rates for May, by Canadian city

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

OTTAWA — The national unemployment rate was 5.2 per cent in May. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities.
Here's a quick glance at unemployment rates for May, by province

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

OTTAWA — Canada's national unemployment rate was 5.2 per cent in May. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 10.2 per cent (10.1) _ Prince Edward Island 7.
GM's electric vehicles will gain access to Tesla's vast charging network

GM's electric vehicles will gain access to Tesla's vast charging network

DETROIT (AP) — Electric vehicles made by General Motors will be able to use much of Tesla's extensive charging network beginning early next year.
Brookfield signs deal to buy Network International for about $3.7 billion

Brookfield signs deal to buy Network International for about $3.7 billion

TORONTO — Brookfield Asset Management Ltd., together with Brookfield Business Partners, has signed a deal to buy payment processing firm Network International Holdings for about $3.7 billion in cash.
'Craft gear from here:' B.C. towns growing recreation-based manufacturing sector

'Craft gear from here:' B.C. towns growing recreation-based manufacturing sector

From Revelstoke to Fernie, Golden to Kimberley, the communities that make up the Kootenays region of southeast B.C. have long been meccas for wilderness lovers.
Stock market today: Wall Street is off to a mixed start; Big Tech climbs

Stock market today: Wall Street is off to a mixed start; Big Tech climbs

NEW YORK (AP) — Stocks are off to another mixed start on Wall Street as more gains for Big Tech companies offset weakness elsewhere in the market. The S&P 500 was up 0.3% in the early going Friday, on track for its fourth weekly gain in a row.
Wildfires, smoke having 'huge impact' on some tourism operators across Canada

Wildfires, smoke having 'huge impact' on some tourism operators across Canada

Raging wildfires and smoky skies across much of Canada have put a damper on travel this summer, resulting in cancelled plans and closed businesses.
Future interest rate decisions will be taken one at a time, says BoC deputy governor

Future interest rate decisions will be taken one at a time, says BoC deputy governor

OTTAWA — After announcing a rate hike this week, Bank of Canada deputy governor Paul Beaudry says the central bank plans to take future interest rate decisions one at a time.