Canada's jobless rate dipped to 5.8 per cent in January, as the economy churned out a greater-than-expected 46,400 jobs, Statistics Canada said Friday. - The unemployment rate matches the 33-year low set last October. - Economists had expected only 10,000 new jobs to be added last month and were forecasting a jobless rate of six per cent. - The report led to an immediate spike in the value of the Canadian dollar. The loonie had been at 99.20 cents US just before the release of the employment figures. It jumped above parity right after the report came out and was trading at $1.0004 US just after 2 p.m. ET, a jump of 1.11 cents US. - Statistics Canada also revised December's job loss figure from a very weak 18,700 to just 2,900. - "Today's upbeat jobs data lend some heavy-duty weight to the view that the Canadian economy is faring better than its U.S. counterpart," said BMO Capital Markets economist Doug Porter. - "The...
TiVo, the popular U.S. television-recording device, is finally arriving in Canada in early December. - The TiVo set-top device, which allows viewers to record shows and skip commercials,...
Asia stocks ended the week on a high note with investors soothed by signs of bigger than expected economic growth figures in the United States. Exporters such as Toyota were among the top gainers....
Japan's top mobile phone player, NTT docomo, is looking for overseas acquisitions amid tough competition at home. New CEO Ryuji Yamada says a recent 30% stake in a Bangladesh carrier is just the...
Asia stocks largely gained on Thursday with investors gaining confidence following solid business spending data out of the United States. Japan's Nikkei rose 3 percent (14,124) its best daily gain...
Asia stocks dropped for a fourth consecutive session on Wednesday with sky high oil prices and inflation woes punishing markets across the region. Japan's Nikkei fell 1.3 percent (13,286 ) with...
While consumers in the United States struggle with rising fuel prices, Venezuela's gasoline the cheapest in the world at 12 cents per gallon. Venezuelan President Hugo Chavez, a fierce...
The deluxe Canadian-made McLaughlin-Buick once used to shuttle King Edward VIII and his love Wallis Simpson, for whom he would eventually abdicate the throne, will go under the hammer Monday at...
After 7 years of being in the dump - the dollar is making a bit of a resurgence. The value of the greenback has only been down once since the month of August began. And in that same period the...
Euro zone inflation slowed in April boosting the case for eventual ECB rate cuts. Consumer prices in the 15 countries using the euro rose 3.3 percent year-on-year in April, down from a record of...
The slowdown in major economies is starting to bite. Britain's hiring outlook is now the worst in fourteen years, and the United States had its weakest result in four years in the latest Quarterly...
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