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Stock market today: Wall Street falls after hot jobs data raises threat of high rates

Stock market today: Wall Street falls after hot jobs data raises threat of high rates

NEW YORK (AP) — Stocks closed lower after reports suggested the U.S. job market remains much more resilient than expected. The S&P 500 fell 0.8% Thursday. The Dow lost 366 points, or 1.1%, and the Nasdaq fell 0.8%.
Toronto's Pearson Airport to host hydrogen refuelling station

Toronto's Pearson Airport to host hydrogen refuelling station

MISSISSAUGA, Ont. — Toronto's Pearson Airport will be home to Ontario's first public hydrogen refuelling station for zero-emission vehicles powered by fuel cells.
Meta's new Twitter rival app Threads gets tens of millions of sign-ups in its first day

Meta's new Twitter rival app Threads gets tens of millions of sign-ups in its first day

LONDON — Tens of millions of people have quickly signed up to Meta's new app, Threads, as it aims to compete with Twitter — a sign that users are looking for an alternative to the social media platform that has undergone a series of unpopular changes
Statistics Canada reports $3.4B merchandise trade deficit for May

Statistics Canada reports $3.4B merchandise trade deficit for May

OTTAWA — Canada posted a merchandise trade deficit of $3.4 billion in May as imports of unwrought silver soared and lower oil prices weighed on exports, Statistics Canada said Thursday.
U.S. job openings dip to 9.8 million but remain high, showing resilience in labor market

U.S. job openings dip to 9.8 million but remain high, showing resilience in labor market

WASHINGTON (AP) — U.S. job openings slipped in May but remained at levels high enough to illustrate that the American labor market remains resilient in the face of sharply higher interest rates. Employers posted 9.
More Canadians turn to short-term rentals to earn extra cash, maintain properties

More Canadians turn to short-term rentals to earn extra cash, maintain properties

When Marcus Rader returned home after an extended winter trip last year, he was greeted with a broken furnace, freezing temperatures and a week-long wait for a repair.
More Americans apply for jobless benefits, but layoffs are not rising significantly

More Americans apply for jobless benefits, but layoffs are not rising significantly

The number of Americans applying for jobless benefits rose last week, but remains at healthy levels despite the Federal Reserve's attempt to cool the labor market by raising interest rates. U.S.
Deloitte report forecasts oil prices to rise modestly over next three months

Deloitte report forecasts oil prices to rise modestly over next three months

CALGARY — A report by Deloitte Canada forecasts crude oil prices will increase modestly over the next three months. The report by the firm's resource evaluation and advisory group says lower supply will begin to drain global crude inventories.
Toronto home sales and prices up from last June, down from May: TRREB

Toronto home sales and prices up from last June, down from May: TRREB

Toronto homebuyers that snapped up a property last month paid more on average than they did a year ago but less than they would have if they closed the deal in May, the Toronto Regional Real Estate Board said Thursday.
Canada, U.S., Mexico gather in Cancun to talk North American trade irritants

Canada, U.S., Mexico gather in Cancun to talk North American trade irritants

WASHINGTON — North America's trading partners are in Cancun for two days of meetings to take stock of the last three years under the U.S.-Mexico-Canada Agreement. International Trade Minister Mary Ng is sitting down with U.S.