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Stock market today: Wall Street slips following mixed reports on US job market, Big Tech earnings
NEW YORK (AP) — Stocks closed lower following mixed reports about the U.S. job market and profits at two of Wall Street’s most influential stocks. The S&P 500 fell 0.5% Friday, its fourth straight loss.
Aug 4, 2023 4:07 PM
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Telus announces 6,000 job cuts, reports 61% drop in Q2 net income
Telus Corp. announced Friday it is cutting 6,000 jobs as it seeks to adapt to a "rapidly transforming industry," saying issues such as regulation and competition have prompted the need to reduce its payroll.
Aug 4, 2023 3:41 PM
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Signs of economic softening grow as job creation lags population growth
OTTAWA — Canada's labour market is softening as the unemployment rate rises for a third consecutive month, offering some evidence the economy is finally slowing down.
Aug 4, 2023 2:12 PM
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Fewer Americans got jobs in July than expected. But a steady market suggests US may avoid recession
WASHINGTON (AP) — The job market has cooled over the summer. But it’s still strong enough to defy predictions that higher interest rates would tip the United States into recession. U.S. employers added 187,000 jobs last month, fewer than expected.
Aug 4, 2023 11:56 AM
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Enbridge sees $1.8 billion profit in Q2 as Mainline pipeline settlement reached
CALGARY — Enbridge Inc. says its most recent quarter delivered a profit of $1.8 billion as it reached a settlement with shippers for tolls on its Mainline pipeline system and moved toward proceeding with its Rio Bravo pipeline project.
Aug 4, 2023 10:36 AM
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Power utility TransAlta reports $62 million profit in Q2
CALGARY — TransAlta Corp. reported a profit of $62 million in its latest quarter compared with a loss of $80 million in the same quarter last year.
Aug 4, 2023 10:29 AM
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Magna reports $339 million in net income in Q2 as sales hit $11 billion
Magna International Inc. says it recorded a net income of US$339 million in its latest quarter. The auto parts manufacturer, which keeps its books in U.S.
Aug 4, 2023 10:19 AM
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Montreal home sales on pace with last July, above historical average: QPAREB
MONTREAL — The Quebec Professional Association of Real Estate Brokers says July's Montreal home sales were little changed from a year ago but remained above the historical average for this time of year.
Aug 4, 2023 10:02 AM
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These companies have laid off Canadian workers in 2023
A wave of layoffs in 2022, which left thousands of Canadian workers jobless, is continuing this year as recession predictions loom and the tech sector downturn deepens.
Aug 4, 2023 9:58 AM
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Here's a quick glance at unemployment rates for July, by province
OTTAWA — Canada's national unemployment rate was 5.5 per cent in July. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 8.7 per cent (8.8) _ Prince Edward Island 8.
Aug 4, 2023 9:17 AM
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