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Unemployment rate falls to 13.3%, US adds 2.5 million jobs

Unemployment rate falls to 13.3%, US adds 2.5 million jobs

WASHINGTON — The U.S. unemployment rate fell to 13.3% in May from 14.7%, and 2.5 million jobs were added — a surprisingly positive reading in the midst of a recession that has paralyzed the economy in the wake of the viral pandemic.
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Here's a quick glance at unemployment rates for May, by Canadian city

Here's a quick glance at unemployment rates for May, by Canadian city

OTTAWA — The national unemployment rate was 13.7 per cent in May. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities.
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Here's a quick glance at unemployment rates for May, by province

Here's a quick glance at unemployment rates for May, by province

OTTAWA — Canada's national unemployment rate was 13.7 per cent in May. Here are the jobless rates last month by province (numbers from the previous month in brackets): — Newfoundland and Labrador 16.3 per cent (16.0) — Prince Edward Island 13.
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National employment numbers for May from Statistics Canada, at a glance

National employment numbers for May from Statistics Canada, at a glance

OTTAWA — A quick look at Canada's May employment (numbers from the previous month in brackets): Unemployment rate: 13.7 per cent (13.0) Employment rate: 52.9 per cent (52.1) Participation rate: 61.4 per cent (59.
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Nova Scotia bars, restaurants to reopen, along with dentists, barber shops

Nova Scotia bars, restaurants to reopen, along with dentists, barber shops

HALIFAX — It will be a "new normal" at bars and restaurants across Nova Scotia as they reopen after being closed for nearly three months due to the COVID-19 pandemic.
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Large gatherings in Saskatchewan not likely until 2021: top doctor

Large gatherings in Saskatchewan not likely until 2021: top doctor

REGINA — Saskatchewan's chief medical health officer says COVID-19 restrictions on large gatherings in the province are not likely to lift before next year. Dr.
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Airline stocks soar as American, United add back flights

Airline stocks soar as American, United add back flights

DALLAS — Airline stocks soared Thursday after American Airlines said it will aggressively add back flights in July — a bet that the slow recovery in air travel will gain speed this summer as states re-open their economies.
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CMHC tightens lending standards to protect housing market during COVID-19

CMHC tightens lending standards to protect housing market during COVID-19

TORONTO — Canadians looking to borrow money for a home purchase a home are in for some extra challenges after the Canada Mortgage and Housing Corporation announced changes to its lending standards on Thursday.
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Most actively traded companies on the TSX

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (15,527.87, down 47.24 points). Air Canada (TSX:AC). Industrials. Up $1.05, or 5.7 per cent, to $19.42 on 15.3 million shares.
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TSX ends three-day winning streak to start June despite rising crude

TSX ends three-day winning streak to start June despite rising crude

TORONTO — Canada's main stock index ended a three-day winning streak despite crude oil futures closing at a three-month high. The S&P/TSX composite index closed down 47.24 points at 15,527.87, which is still up 2.2 per cent for the week.
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