Canada May job surge sparks cautious optimism
Canada posted a 95,000 gain in May, nearing its largest monthly job rise in decades. Unemployment fell to 7.1 percent as private sector hiring dominated and youth unemployment dropped, with economists warning the data carry wide margins of error.
MENTIONED IN THIS ARTICLE
Ottawa
Statistics Canada
Bank of Montreal
Doug Porter
Canada
de Ligne
Cmt
Jimmy Jean
Desjardins
Canad
LSA
Agriculture prices rally at Winnipeg Grain Exchange
Prices for wheat and canola move on the Winnipeg Grain Exchange amid mixed demand signals. Wheat futures show gains while canola holds steady as traders weigh supply and demand factors.
MENTIONED IN THIS ARTICLE
Winn Commodity Exchange
Eas
GM to lay off 560 as Romulus engine plant retools near Detroit
General Motors announces 560 workers will lose jobs at the Romulus Michigan engine plant as it retools to produce a new V-6 engine. The $390 million upgrade will shift the plant to single engine output, affecting about 430 full time and 130 temporary workers with partial unemployment benefits, while about 120 skilled employees remain.
MENTIONED IN THIS ARTICLE
Detroit
berRart General Motors
Nese Dewnit
Romulus
Mich
Oil and Gas Futures Report from Wyoming Hotel Mercantile
An early sunlit market notes oil and gas futures as traded near the Wyoming hospitality and mercantile district. Traders weigh supply data and demand signals amid regional energy activity and commodity indices.
Bombardier sees no major risks to CSeries maiden flight
Montreal based Bombardier says no major risks remain to stop the CSeries from a late June inaugural flight. Chief figures note few final pre flight tests, with vibration tests and simulated flights ahead before Transport Canada approval. The composite plane uses a Pratt & Whitney engine promising quiet operation and fuel savings. Mirabel observers hope for a glimpse after the Paris Air Show opens.
MENTIONED IN THIS ARTICLE
Bombardier
Montreal
Cseries
Hone Saitd
Robert Dewa
Dewar
Transport Canada
Pratt & Whitney
Papraraz
Mirabel
Bombardier tests CSeries under favorable weather conditions
Bombardier conducts flight tests for the CSeries with visual flight rules and onboard cameras, targeting aircraft capability verification. Dewar says further tests and configurations will follow, with the smaller version entering service in about a year and larger C5300 deliveries expected by December 2014.
MENTIONED IN THIS ARTICLE
Dewar
Bombardier
Mirabel
Scotiabank warns of possible mid-decade price dip in Canadian real estate
Scotiabank economist Adrienne Warren cautions of a single-digit price decline by mid-decade, driven by global weakness and condo market softness. She notes Toronto has flattened and Vancouver has fallen about five percent while most regions stay fairly stable. Experts discuss modest declines and a soft landing amid strong immigration and slow growth.
MENTIONED IN THIS ARTICLE
Rex
Scotiabank
Salt Friday
Adrienne Warren
Singhe
Toronto
Vancouver
Warren
Ryerson University
Murtaza Flaider
Halder
Tet Rogers School of Management
Calgary
Saskatchewan
Montreal
Haider
Canada
Wpon
Fergaven
Jason Merver
Maimager
Greater
Toranta
Oil tops $96 as job data boosts markets
Oil closed above 96 dollars after the US Labor Department reported May payrolls rose by 175,000, stoking stock gains. Brent settled near 104.56 a barrel, while wholesale gasoline and heating oil advanced and natural gas traded around 4.83 per thousand cubic feet.
MENTIONED IN THIS ARTICLE
New York
U.S
U.S. Labor Department
Federal Reserve
Saye
Brent
ICE Futures Exchange
London
New York Mercantile Exchange
Also Mentioned on This Page
Stephen Harper
Winnipeg
Gini Qe Laikeheld
Canola eVanewuveris
Finn Ray
Amitara
Sun
Maren
van Om Ban
Onan
Tan Nuzen
Lot
Mayle Aw Rr Tians. Oy
Pete Vanderham
Mercantile Tach
Sete
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