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Labour data ‘impressive’ as Canada adds jobs for 10th straight month
– canadianbusiness.com
OTTAWA _ The labour market posted a 10th-straight month of net job gains in September to match the economy’s longest monthly streak since the financial crisis almost a decade ago, Statistics Canada said Friday.
The national unemployment rate stayed at a nine-year low of 6.2 per cent after Canada added 10,000 net new jobs, including a surge of 112,000 full-time positions. The rise in full-time work more than offset a drop of 102,000 part-time jobs.
Wage growth also perked up in the latest survey, a long-awaited development after it remained surprisingly low earlier in the year despite the steady tightening of the country’s job market.
Experts underlined a lot of positives in a jobs report that arrived amid recent signs suggesting the economy is already starting to cool down, as widely expected, following red-hot start to the year.
“The underlying story is the economy is still churning out jobs at a pretty solid pace, the unemployment rate is slowly but surely grinding down and, yes, the majority of the job gains actually are in full-time positions,” BMO chief economist Doug Porter said in an interview…
The national unemployment rate stayed at a nine-year low of 6.2 per cent after Canada added 10,000 net new jobs, including a surge of 112,000 full-time positions. The rise in full-time work more than offset a drop of 102,000 part-time jobs.
Wage growth also perked up in the latest survey, a long-awaited development after it remained surprisingly low earlier in the year despite the steady tightening of the country’s job market.
Experts underlined a lot of positives in a jobs report that arrived amid recent signs suggesting the economy is already starting to cool down, as widely expected, following red-hot start to the year.
“The underlying story is the economy is still churning out jobs at a pretty solid pace, the unemployment rate is slowly but surely grinding down and, yes, the majority of the job gains actually are in full-time positions,” BMO chief economist Doug Porter said in an interview…
The financial services firm behind Wall Street’s Fearless Girl statue agreed to pay $5 million to settle federal allegations that it paid female executives less than their male counterparts.
The close: TSX retreats on oil weakness; Wall St. slips
– theglobeandmail.com
The Toronto Stock Exchange’s S&P/TSX composite index fell 47.98 points, or 0.3 per cent, to finish at 15,728.32
Toronto stock index down on tumbling oil prices, as the loonie remains unchanged
– canadianbusiness.com
TORONTO _ Tumbling oil prices saw the commodity-heavy Toronto stock index give up some of the week’s gains ahead of the holiday weekend.
The S&P/TSX composite index dropped 47.98 points to 15,728.32, as the November crude contract fell $1.50 to $49.29 per barrel.
In New York, the Dow Jones industrial average nudged down 1.72 points to 22,773.67. The S&P 500 index gave back 2.74 points to 2,545.49 and the Nasdaq composite index was up 4.82 points to 6,590.18.
The Canadian dollar was unchanged, trading at an average price of 79.69 US.
Elsewhere in commodities, the November natural gas contract was down six cents at US$2.86 per mmBTU, the December gold contract was up $1.70 to US$1,274.90 an ounce, and the December copper contract dropped two cents to US$3.03 a pound.
The TSX will be closed Mon., Oct. 9 for the Thanksgiving holiday. U.S. markets will remain open.
The post Toronto stock index down on tumbling oil prices, as the loonie remains unchanged appeared first on Canadian Business – Your Source For Business News.
The S&P/TSX composite index dropped 47.98 points to 15,728.32, as the November crude contract fell $1.50 to $49.29 per barrel.
In New York, the Dow Jones industrial average nudged down 1.72 points to 22,773.67. The S&P 500 index gave back 2.74 points to 2,545.49 and the Nasdaq composite index was up 4.82 points to 6,590.18.
The Canadian dollar was unchanged, trading at an average price of 79.69 US.
Elsewhere in commodities, the November natural gas contract was down six cents at US$2.86 per mmBTU, the December gold contract was up $1.70 to US$1,274.90 an ounce, and the December copper contract dropped two cents to US$3.03 a pound.
The TSX will be closed Mon., Oct. 9 for the Thanksgiving holiday. U.S. markets will remain open.
The post Toronto stock index down on tumbling oil prices, as the loonie remains unchanged appeared first on Canadian Business – Your Source For Business News.
