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US hiring jumped last month. So did unemployment. Here's what that says about the economy

US hiring jumped last month. So did unemployment. Here's what that says about the economy

WASHINGTON (AP) — The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of enduring strength in an economy that the Federal Reserve is desperately trying to cool .
S&P/TSX composite jumps more than 350 points, U.S. stock markets also climb

S&P/TSX composite jumps more than 350 points, U.S. stock markets also climb

TORONTO — Canada's main stock index jumped more than 350 points Friday, driven by gains in energy, industrials, financials and metals. Meanwhile, U.S.
One-quarter of Air Canada flights delayed Friday as schedule recovers from IT issue

One-quarter of Air Canada flights delayed Friday as schedule recovers from IT issue

More than one-quarter of Air Canada flights experienced delays on Friday as the airline worked to return service to normal following a technical malfunction the previous day.
Stock market today: Wall Street leaps after strong jobs report, Dow rallies 701

Stock market today: Wall Street leaps after strong jobs report, Dow rallies 701

NEW YORK (AP) — Stocks rushed higher after a strong report on the U.S. job market eased Wall Street’s worries about a possible recession. The S&P 500 jumped 1.5% Friday, while the Dow soared 701 points.
Home sales up 25% from last year, but supply remains low: Toronto real estate board

Home sales up 25% from last year, but supply remains low: Toronto real estate board

TORONTO — The slowdown in Toronto's housing market continued to slip away last month as home sales came in higher than they were a year ago and prices edged closer to pandemic highs.
Rescuers at site of Iowa building collapse complete search for survivors, move on to recovery

Rescuers at site of Iowa building collapse complete search for survivors, move on to recovery

DES MOINES, Iowa (AP) — An Iowa task force has completed its search for survivors at the site of a partially collapsed Davenport apartment building without finding three missing people who are feared dead, authorities said Friday.
Vancouver home sales rise in May, nearing 10-year average: real estate board

Vancouver home sales rise in May, nearing 10-year average: real estate board

VANCOUVER — The Real Estate Board of Greater Vancouver says May home sales rose 15.7 per cent from a year earlier. The B.C.
Vehicle sales rise in May, showing hope for strong summer: DesRosiers

Vehicle sales rise in May, showing hope for strong summer: DesRosiers

RICHMOND HILL, Ont. — DesRosiers Automotive Consultants Inc. says May brought hope after several years of disrupted sales patterns, as vehicle sales rose. The consultancy firm says total light vehicle sales in May were up 13.
Wildfires, other extreme weather driving insurance costs up over time: experts

Wildfires, other extreme weather driving insurance costs up over time: experts

The wildfires plaguing residents in Alberta and Nova Scotia are part of a larger trend that’s driving up the cost of home insurance as extreme weather becomes more common, insurance experts say.
Debt ceiling deal advances pipeline and tweaks environmental rules. But more work remains.

Debt ceiling deal advances pipeline and tweaks environmental rules. But more work remains.

WASHINGTON (AP) — Despite weeks of negotiations, the White House and House Republicans were unable to reach a comprehensive agreement to overhaul environmental regulations and streamline federal permitting as part of their debt ceiling deal , instead