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US consumer sentiment drops to 6-month low on inflation, unemployment fears

US consumer sentiment drops to 6-month low on inflation, unemployment fears

WASHINGTON (AP) — U.S. consumer sentiment fell sharply in May to the lowest level in six months as Americans cited stubbornly high inflation and interest rates, as well as fears that unemployment could rise .
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Employment jumps by 90,000 in April, raising doubts about June interest rate cut

Employment jumps by 90,000 in April, raising doubts about June interest rate cut

OTTAWA — Canadian employers added 90,000 jobs in April, far surpassing forecasters' expectations and marking the largest employment gain in more than a year.
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Stock market today: Wall Street opens higher and is headed for another weekly gain

Stock market today: Wall Street opens higher and is headed for another weekly gain

NEW YORK (AP) — U.S. stocks are heading toward the close of another winning week with some more modest gains. The S&P 500 was up 0.3% in early trading Friday. The Dow Jones Industrial Average was up 118 points, and the Nasdaq composite was up 0.
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Here's a quick glance at unemployment rates for April, by Canadian city

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

OTTAWA — The national unemployment rate was 6.1 per cent in April. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities.
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Here's a quick glance at unemployment rates for April, by province

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

OTTAWA — Canada's national unemployment rate was 6.1 per cent in April. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 9.1 per cent (10.1) _ Prince Edward Island 6.
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National employment numbers for April from Statistics Canada, at a glance

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

OTTAWA — A quick look at Canada's April employment (numbers from the previous month in brackets): Unemployment rate: 6.1 per cent (6.1) Employment rate: 61.4 per cent (61.4) Participation rate: 65.4 per cent (65.
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Transat says it expects to fall short of financial guidance for 2024

Transat says it expects to fall short of financial guidance for 2024

MONTREAL — Travel company Transat A.T. Inc. says it expects to fall short of its financial guidance for the year.
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Enbridge Q1 profit down on non-cash, net unrealized derivative fair value loss

Enbridge Q1 profit down on non-cash, net unrealized derivative fair value loss

CALGARY — Enbridge Inc. reported its first-quarter profit fell compared with a year ago as it recorded a non-cash, net unrealized derivative fair value loss as well as costs related to job cuts announced in February.
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Algonquin Power & Utilities names Chris Huskilson as CEO, reports Q1 loss

Algonquin Power & Utilities names Chris Huskilson as CEO, reports Q1 loss

OAKVILLE, Ont. — Algonquin Power & Utilities Corp. named Chris Huskilson as its chief executive as it reported a loss in its latest quarter. Huskilson has been interim CEO since August 2023. The power utility, which keeps its books in U.S.
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Crescent Point reports Q1 loss due to non-cash impairment charge

Crescent Point reports Q1 loss due to non-cash impairment charge

CALGARY — Crescent Point Energy Corp. reported a loss of in its latest quarter as it was hit by a non-cash impairment charge related to assets in Saskatchewan it is selling. The oil and gas producer says it lost $411.
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