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North American stock markets give back gains as solid jobs report reinforces Fed hike

North American stock markets give back gains as solid jobs report reinforces Fed hike

TORONTO — North American stock markets gave back some of the previous day's gains after a slowing but still hot U.S. jobs report reinforced expectations that the Federal Reserve will proceed with aggressive interest rate hikes.
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More job gains point to a solid economy and Fed rate hikes

More job gains point to a solid economy and Fed rate hikes

WASHINGTON (AP) — U.S. employers added 390,000 jobs in May, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and rising interest rates.
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Stocks sink as Wall Street eyes downside of solid jobs data

Stocks sink as Wall Street eyes downside of solid jobs data

NEW YORK (AP) — Stocks ended another bumpy week with more losses Friday as investors considered the downside of the still-strong U.S. jobs market. The S&P 500 fell 1.6%, marking its eighth losing week in the last nine.
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Slow start to seeding driving concerns about 2022 crop yields

Slow start to seeding driving concerns about 2022 crop yields

CALGARY — Seeding delays across much of the prairies are raising concerns about potentially lower crop yields in a year when Canadian farmers are under pressure to deliver a strong harvest.
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Supply chain snags snarl BRP's growth, with more hurdles on the horizon

Supply chain snags snarl BRP's growth, with more hurdles on the horizon

MONTREAL — The head of BRP Inc. says supply chain woes crimped sales in its latest quarter, with more input obstacles expected on the Ski-Doo maker's path for the rest of the year.
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Montreal home sales down nine per cent since last May: Quebec association

Montreal home sales down nine per cent since last May: Quebec association

MONTREAL — The Quebec Professional Association of Real Estate Brokers says a slowdown continued to take shape in Montreal last month as home sales dropped by nine per cent since last year.
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May home sales down 39% from last year, prices up almost 10%: Toronto board

May home sales down 39% from last year, prices up almost 10%: Toronto board

TORONTO — The Greater Toronto Area housing market is becoming more balanced as May home sales dropped 39 per cent from a year earlier and prices rose almost 10 per cent, the Toronto Regional Real Estate Board said Friday.
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Globalive goes directly to Shaw with its $3.75 billion bid for Freedom Mobile

Globalive goes directly to Shaw with its $3.75 billion bid for Freedom Mobile

TORONTO — Globalive Capital says it has gone straight to Shaw Communications Inc. with its $3.75 billion offer for wireless carrier Freedom Mobile due to a lack of engagement from Rogers Communications Inc.
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Ottawa spending $55 million to connect rural N.B. communities to high-speed internet

Ottawa spending $55 million to connect rural N.B. communities to high-speed internet

FREDERICTON — The federal government said Friday it will invest $55 million to expand high-speed internet in several rural, remote and Indigenous communities in New Brunswick.
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German lawmakers vote to approve huge fund for military

German lawmakers vote to approve huge fund for military

BERLIN (AP) — German lawmakers voted Friday to approve a 100 billion-euro ($107 billion) special fund to strengthen the country's military, preparing the way for a massive procurement drive three months after Russia's invasion of Ukraine jolted the g
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