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Source: Financialpost July 06, 2024

Canada's unemployment rate rises to 6.4% as job market stalls

Youth jobless rate hasn't been this high since 2014Canada’s unemployment rate rose to 6.4 per cent in June from 6.2 per cent a month earlier, continuing an upward trend that began in April of 2023, Statistics Canada said on Friday. We apologize, but this...

Source: Financialpost July 06, 2024

Jobless numbers provide ammunition for further Bank of Canada rate cuts, say economists

Canada's unemployment rate rises and job numbers fallThe latest jobs data shows Canada’s unemployment rate continuing to rise, giving the Bank of Canada further ammunition to keep cutting interest rates, economists said. We apologize, but this video has...

Source: BNN Bloomberg July 05, 2024

Markets today: European stocks advance with elections in focus

European stocks rose as key elections held centre stage and investors grew more optimistic about U.S. Federal Reserve interest-rate cuts following U.S. economic data that supported the case for easing. France’s CAC40 benchmark index advanced for a second d...

Source: BNN Bloomberg July 05, 2024

Experts disagree on whether AI will live up to its costs: Goldman Sachs

Experts have mixed opinions on the extent to which generative AI will enhance productivity and the value it can provide relative to its costs, as it faces further challenges from chip and power shortages.  In a report last week, Goldman Sachs looked into t...

Market Call Source: BNN Bloomberg July 05, 2024

Keith Richards' Top Picks: July 4, 2024

Keith Richards, president and chief portfolio manager, ValueTrend Wealth Management FOCUS: Technical analysis  MARKET OUTLOOK: One of the benefits of being in this business for 34 years is that I have been sitting in the same seat through many corr...

Source: Financialpost July 05, 2024

First GST/HST credit payment to land in Canadians' bank accounts on July 5

For individuals and families with low and modest incomesReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. OTTAWA — The first of four pa...

Source: Financialpost July 05, 2024

Freeland optimistic for ‘win-win outcome’ in digital sales tax dispute with U.S.

'I can't accept Canada being in a discriminate position,' finance minister saysFinance Minister Chrystia Freeland says she is optimistic about the prospect of avoiding U.S. retaliation over the implementation of Ottawa’s digital sales tax and that she cannot...

Source: Financialpost July 05, 2024

What's driving Canadian wage growth? All those federal government employees

Federal civil service wage gains and hiring are skewing headline numbers, Desjardins report findsThose looking for a reason why headline wage growth has remained persistently high despite the slowdown in inflation need look no further than the federal govern...

Source: Financialpost July 05, 2024

Opinion: As LCBO strike looms, Ontario needs to rethink its prohibition-era liquor sales

Ford government should finally do away with this relic of the 1920sBy David Clement We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Opinion: As LCBO strike looms, Ontario need...

Source: Financialpost July 05, 2024

Bank of Canada's June rate cut was like bringing a butter knife to a gunfight

Robert McLister: Measly 0.25% reduction not enough for legions of sidelined homebuyersWith national home prices treading water, real estate inventory growing and housing affordability still atrocious, last month’s quarter-point rate cut from the Bank of Cana...