Canada’s economy shed 2,800 jobs in July while the unemployment rate was unchanged at 6.4 per cent, Statistics Canada said on Friday. Employment fell in wholesale and retail trade, which shed 44,000 jobs, and in finance, insurance, real estate, rental and leasing, which shed 15,000 jobs. Public administration, transportation and warehousing, and utilities saw jobs gains. … Read more
The Bank of Canada wants the economy to pick up speed again and some members of its governing council are concerned that weak job market conditions could hinder that process. That’s according to the central bank’s newly released summary of deliberations detailing discussions ahead of the July 24 rate decision. “With the emergence of slack … Read more
U.S. stocks are bouncing back, and calm is returning to Wall Street after Japan’s market soared earlier Tuesday to claw back much of the losses from its worst day since 1987. The S&P 500 was rallying by 1.6 per cent in midday trading and on track to break a brutal three-day losing streak. It had tumbled a bit more … Read more
Conservative Leader Pierre Poilievre says he disagrees with a member of his caucus who says he wants to see more restrictions on abortion and would vote against same-sex marriage if there’s a future bill on the issue in Parliament. In an interview with Liberal MP Nathaniel Erskine-Smith, who hosts a podcast called Uncommons, Alberta Conservative … Read more
Peloton CEO Barry McCarthy is stepping down, the company said on Thursday, as it announced a 15 per cent cut to its global workforce due to a post-pandemic slump in demand for its connected fitness equipment. Shares of the beleaguered New York-based company rose 14 per cent before the bell as it also aims to pare down … Read more
It’s only April, but it’s hard to imagine any album will be heard more this year than Taylor Swift’s The Tortured Poets Department. The album took less than 12 hours to break this year’s record for most single-day Spotify streams, and is projected to sell two million units in its first week. On Thursday, Spotify … Read more
The Bank of Canada says business and consumer sentiment improved during the first quarter of the year, despite higher interest rates still putting a drag on the economy. The central bank on Monday released its business outlook and consumer expectations surveys, which showed increased optimism as people expect interest rate cuts are nearing. Although firms … Read more
In a sea of bright pink feathers, soft trills emerge. A male flamingo rubs its beak against the grey-tufted head of its newly hatched offspring. But the clock is ticking, and the chick and its father must listen closely and learn each other’s voices quickly. Within 10 days of a flamingo chick hatching, its parents … Read more
All members of NATO will eventually have to fulfil the pledge to spend two per cent of their GDP on defence, Poland’s prime minister said on Monday at the conclusion of a meeting in Warsaw with his Canadian counterpart. While praising Canada as one of Poland’s “best allies,” Donald Tusk delicately avoided criticizing Prime Minister … Read more
It’s a store you know by scent. For decades, the sometimes-overwhelming aroma of The Body Shop’s satsuma soaps and coconut body butters have wafted through mall concourses, as much a staple to the culture as the food court. The U.K.-based beauty and cosmetics shop has more than 3,000 retail locations in 70 countries, including 110 standalone … Read more
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