News of the day: Unemployment drops, housing solution, variable-rate mortgages, calling the shots at CBS, fixed-income funds and more

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Hiring signFull-time work grew by 154,000 positions. Photo by KAYLE NEIS/Postmedia

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It’s Friday, June 5. Here are the top stories we’re following today.

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Canada’s unemployment rate fell to 6.6 per cent in May and the economy added 88,000 jobs, the first significant employment gain since November 2025. The increase was driven by an addition of 154,000 full-time positions, according to data published by Statistics Canada on Friday.

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Fewer than seven per cent of all regions where the Canadian Real Estate Association (CREA) tracks median home prices had homes averaging below $261,000. Fewer than seven per cent of all regions where the Canadian Real Estate Association tracks median home prices had homes averaging below $261,000. Photo by Brian Thompson/Postmedia Network

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Assuming ownership suits you (mathematically, it doesn’t for many), shoe-horning yourself into a home can be easier with a roommate, writes Robert McLister.

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A home for sale, with a red and white REMAX for sale sign, in Toronto, Ontario. A home for sale in Toronto, Ont. Photo by Tyler Anderson/Postmedia

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Rate-cut hopes took another beating Friday, ambushed by jobs numbers that overdelivered on both sides of the border, but none of this is spooking the variable-rate crowd, writes Robert McLister.

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U.S. journalist Scott Pelley attends a celebration of the announcement of CBS's new fall schedule at Paramount Studios in Hollywood, 2024. U.S. journalist Scott Pelley attends a celebration of the announcement of CBS’s new fall schedule at Paramount Studios in Hollywood, 2024. Photo by Michael Tran/AFP via Getty Images files

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Across North America, organizations are discovering that their most valuable employees believe they serve a purpose larger than the company itself, writes Howard Levitt.

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Elderly people sitting on coin, Time counting down for retirement concept, social security income and pensions - stock photo The big risk with taking a capital preservation-only mindset is inflation. But inflation is normally a long-term risk and as a person ages, inflation risk reduces. Photo by Sakchai Vongsasiripat/Getty Images

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If a pension covers his needs, why not invest in something that will grow his money, expert asks.

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