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S&P/TSX composite slips but ends week higher even as jobs report supports rate hikes

S&P/TSX composite slips but ends week higher even as jobs report supports rate hikes

TORONTO — Canada's main stock index ended up for the week despite slipping Friday after a June jobs report reinforced expectations that the central bank will pursue another aggressive interest rate hike next week.
Economy lost 43,000 jobs in June, unemployment rate falls to 4.9%

Economy lost 43,000 jobs in June, unemployment rate falls to 4.9%

OTTAWA — The Canadian economy recorded its first monthly loss of jobs since start of the year in June, but the labour market continued to be exceptionally tight as the unemployment rate fell again and wages moved higher.
Canadian leakproof apparel maker Knix sells majority stake to Essity of Sweden

Canadian leakproof apparel maker Knix sells majority stake to Essity of Sweden

Canadian apparel brand Knix Wear Inc., maker of leakproof underwear for periods and incontinence, has a new majority shareholder.
A robust June jobs report clouds outlook for US economy

A robust June jobs report clouds outlook for US economy

WASHINGTON (AP) — A strong hiring report for June has assuaged fears that the U.S. economy might be on the cusp of a recession — and highlighted the resilience of the nation's job market.
MTY Food Group posts higher sales as it contends with labour shortage, inflation

MTY Food Group posts higher sales as it contends with labour shortage, inflation

MONTREAL — Canadian restaurant franchisor and operator MTY Food Group Inc. is seeing a rebound in sales and traffic even as it grapples with inflation, supply chain snags and ongoing labour shortages.
Here's a quick glance at unemployment rates for June, by province

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

OTTAWA — Canada's national unemployment rate was 4.9 per cent in June. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 9.9 per cent (10.0) _ Prince Edward Island 4.
Here's a quick glance at unemployment rates for June, by Canadian city

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

OTTAWA — The national unemployment rate was 4.9 per cent in June. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities.
Unifor issues strike notice at Via Rail, workers could be off Monday

Unifor issues strike notice at Via Rail, workers could be off Monday

MONTREAL — The union representing some 2,400 Via Rail Canada employees has issued a strike notice that could see workers off the job on Monday.
National employment numbers for June from Statistics Canada, at a glance

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

OTTAWA — A quick look at Canada's June employment (numbers from the previous month in brackets): Unemployment rate: 4.9 per cent (5.1) Employment rate: 61.7 per cent (61.9) Participation rate: 64.9 per cent (65.
German energy giant Uniper asks for bailout amid Ukraine war

German energy giant Uniper asks for bailout amid Ukraine war

BERLIN (AP) — German energy supply giant Uniper said Friday it is asking the government for a bailout amid a growing natural gas crunch due to the war in Ukraine.