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S&P/TSX composite moves lower Friday, U.S. stock markets rise

S&P/TSX composite moves lower Friday, U.S. stock markets rise

TORONTO — Canada's main stock index moved lower Friday after a week that saw the central bank raise interest rates, with the market's move led by weakness in industrials, while U.S.
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Saputo's shares down as company forecasts 'temporary' consumer demand slowdown

Saputo's shares down as company forecasts 'temporary' consumer demand slowdown

MONTREAL — Shares in Saputo Inc. closed down by 11 per cent Friday after the company's chief executive cautioned negative consumer sentiment could dampen the outlook for the start of its 2024 fiscal year.
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Extremists attack beachside hotel in Somalia's capital as al-Shabab claims responsibility

Extremists attack beachside hotel in Somalia's capital as al-Shabab claims responsibility

MOGADISHU, Somalia (AP) — Witnesses and state media in Somalia say extremists have attacked a beachside hotel in the capital, Mogadishu, and security forces are responding at the site as some people remain trapped inside.
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Businessman linked to Texas AG Ken Paxton's impeachment charged with lying to get $172M in loans

Businessman linked to Texas AG Ken Paxton's impeachment charged with lying to get $172M in loans

AUSTIN, Texas (AP) — A Texas businessman at the center of the scandal that led to the historic impeachment of state Attorney General Ken Paxton was charged Friday with making false statements to mortgage lenders to obtain $172 million in loans.
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Job market shows sign of softening, but economists say more needed to stop rate hikes

Job market shows sign of softening, but economists say more needed to stop rate hikes

OTTAWA — Canada's unemployment rate ticked up in May for the first time in nine months, but forecasters say the Bank of Canada will have to see more softening in the economy before it takes it takes a step back from raising interest rates.
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National employment numbers for May from Statistics Canada, at a glance

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

OTTAWA — A quick look at Canada's May employment (numbers from the previous month in brackets): Unemployment rate: 5.2 per cent (5.0) Employment rate: 62.1 per cent (62.4) Participation rate: 65.5 per cent (65.
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Here's a quick glance at unemployment rates for May, by Canadian city

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

OTTAWA — The national unemployment rate was 5.2 per cent in May. 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 May, by province

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

OTTAWA — Canada's national unemployment rate was 5.2 per cent in May. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 10.2 per cent (10.1) _ Prince Edward Island 7.
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GM's electric vehicles will gain access to Tesla's vast charging network

GM's electric vehicles will gain access to Tesla's vast charging network

DETROIT (AP) — Electric vehicles made by General Motors will be able to use much of Tesla's extensive charging network beginning early next year.
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Brookfield signs deal to buy Network International for about $3.7 billion

Brookfield signs deal to buy Network International for about $3.7 billion

TORONTO — Brookfield Asset Management Ltd., together with Brookfield Business Partners, has signed a deal to buy payment processing firm Network International Holdings for about $3.7 billion in cash.
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