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Canada’s jobless rate rises to 5.7%, fuelling bets Bank of Canada rate hikes are done

Canada’s jobless rate rises to 5.7%, fuelling bets Bank of Canada rate hikes are done

OTTAWA — Canada’s unemployment rate rose to 5.7 per cent last month as job opportunities became less plentiful in an economy weighed down by high interest rates.
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Magna beats expectations with profit boost as light vehicle production ramps up

Magna beats expectations with profit boost as light vehicle production ramps up

Magna International Inc. is reporting a jump in profits and revenues for its third quarter, beating analyst expectations. The auto parts manufacturer, which keeps its books in U.S.
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Here's a quick glance at unemployment rates for October, by Canadian city

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

OTTAWA — The national unemployment rate was 5.7 per cent in October. 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 October, by province

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

OTTAWA — Canada's national unemployment rate was 5.7 per cent in October. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 10 per cent (9.7) _ Prince Edward Island 6.
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National employment numbers for October from Statistics Canada, at a glance

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

OTTAWA — A quick look at Canada's October employment (numbers from the previous month in brackets): Unemployment rate: 5.7 per cent (5.5) Employment rate: 61.9 per cent (62.0) Participation rate: 65.6 per cent (65.
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St. Lawrence Seaway workers ratify three-year collective agreement

St. Lawrence Seaway workers ratify three-year collective agreement

St. Lawrence Seaway workers have ratified a new collective agreement. A tentative agreement was reached on Sunday between the St. Lawrence Seaway Management Corp. and Unifor, with help from federal mediators.
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FTX founder Sam Bankman-Fried convicted of defrauding cryptocurrency customers

FTX founder Sam Bankman-Fried convicted of defrauding cryptocurrency customers

NEW YORK (AP) — FTX founder Sam Bankman-Fried’s spectacular rise and fall in the cryptocurrency industry — a journey that included his testimony before Congress, a Super Bowl advertisement and dreams of a future run for president — hit rock bottom Th
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UAW members at the first Ford plant to go on strike overwhelmingly approve the new contract

UAW members at the first Ford plant to go on strike overwhelmingly approve the new contract

DETROIT (AP) — Autoworkers at the first Ford factory to go on strike have voted overwhelmingly in favor of a tentative contract agreement reached with the company.
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Bombardier revenues ramp up, even as private plane travel falls

Bombardier revenues ramp up, even as private plane travel falls

MONTREAL — Bombardier Inc. reported a revenue gain of 28 per cent in its latest quarter as the company pledged to meet its business jet delivery target for the year, even amid supply chain pressures and fewer private jet-setters.
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Head of Canadian banking at Scotiabank Dan Rees departing

Head of Canadian banking at Scotiabank Dan Rees departing

TORONTO — Scotiabank's head of Canadian banking is leaving after a 25-year career at the financial institution. The bank says Dan Rees is leaving to pursue other opportunities.
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