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It’s Friday, May 8. Here are the top stories we’re following today.
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Sometimes it pays to glance abroad and see what countries resembling Canada are saying and doing about inflation.
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Canada’s unemployment rate rose to 6.9 per cent in April as the economy lost 18,000 jobs and more people searched for work. The data, released by Statistics Canada on Friday, showed that the unemployment rate increased to 14.3 per cent among youth aged 15 to 24 and 6.1 per cent among men aged 25 to 54.
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Enbridge Inc. chief executive Greg Ebel said Friday that investors still aren’t fully appreciating a major shift in energy demand driven by AI, rising electricity consumption and energy-security concerns.
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Brookfield Asset Management Ltd. is expecting to do US$20 billion of real estate transactions in a two-month period as the recovery in the sector accelerates with an anticipated spread to the hard-hit office segment, its chief executive said.
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Aritzia Inc. reported record results for its fourth quarter, and hit its fiscal 2027 revenue target one year early, chief executive Jennifer Wong said on its conference call Thursday. Wong said the company continues to “captivate” shoppers with its expansion strategy as new stores draw lineups and recoup costs faster than expected.
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