It’s Friday, June 5. Here are the top stories we’re following today.
Canada’s unemployment rate drops to 6.6%
Canada’s unemployment rate fell to 6.6% in May, and the economy added 88,000 jobs — the first significant employment gain since November 2025. The increase was driven by an addition of 154,000 full-time positions, according to data published by Statistics Canada on Friday. Full-time work grew by 154,000 positions, offsetting losses in part-time employment.
An attractive solution for aspiring homebuyers priced out of the market
Fewer than seven per cent of all regions where the Canadian Real Estate Association tracks median home prices had homes averaging below $261,000. For those priced out, an attractive solution may involve taking on a roommate. Assuming ownership suits you (mathematically, it doesn’t for many), shoe-horning yourself into a home can be easier with a roommate, writes Robert McLister.
Variable-rate crowd undeterred despite lower chance of a cut
Rate-cut hopes took another beating Friday, ambushed by jobs numbers that overdelivered on both sides of the border. However, none of this is spooking the variable-rate crowd, writes Robert McLister. Despite the lower probability of a rate cut, variable-rate mortgage holders remain undeterred.
CBS’s firing of veteran journalist Scott Pelley boils down to one issue: who calls the shots?
Across North America, organizations are discovering that their most valuable employees believe they serve a purpose larger than the company itself, writes Howard Levitt. The firing of veteran journalist Scott Pelley at CBS highlights a central conflict over editorial control and corporate direction.
Should Peter put most of his 88-year-old dad’s money into a fixed-income fund?
The big risk with taking a capital preservation-only mindset is inflation. But inflation is normally a long-term risk, and as a person ages, inflation risk reduces. If a pension covers his needs, why not invest in something that will grow his money, an expert asks. The question of whether to invest in fixed-income funds for an elderly parent is explored.
Stay tuned for more updates on these and other stories.
