Canada's unemployment rate edged down to 6.5 per cent in June, down 0.1 percentage points from May, even as job growth slowed following a surge in employment the previous month. The data, released Friday by Statistics Canada, showed employment increased in accommodation and food services, but overall hiring moderated.
Beef Price-Fixing Settlement Offers Compensation
Canadians who have purchased beef since 2015 may soon be eligible for a share of an almost $8-million national settlement. The agreement was reached with two of the largest beef companies in North America over alleged price fixing. Anyone in Canada who bought beef during that period could file a claim, according to the settlement details.
Flying Tiger Copenhagen Expands in GTA
Flying Tiger Copenhagen, the popular variety retailer, opened its second store in the Greater Toronto Area on Friday, just two weeks after launching its first Canadian location in downtown Toronto. The expansion raises questions about its potential competition with Dollarama in the discount retail space.
Economists React to June Job Numbers
Canada's economy appears to be slowly turning a corner, but many economists say the June job numbers will not be enough to move the dial on interest rates. Despite the drop in unemployment, the modest pace of hiring suggests the Bank of Canada will maintain its current rate policy for now.
When to Sell a Stock
Investors are reminded that knowing when to sell is crucial to reduce risk or take profits. According to Peter Hodson, reasons to sell include hitting target prices, changes in company fundamentals, or better opportunities elsewhere. The advice comes amid ongoing market volatility.
