It’s Friday, May 8. Here are the top stories we’re following today.
Three central banks just sent Tiff Macklem a message
Sometimes it pays to glance abroad and see what countries resembling Canada are saying and doing about inflation.
Canada’s unemployment rate rose to 6.9 per cent in April.
Canada’s unemployment rate rises to 6.9% as economy sheds more jobs
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.
Greg Ebel, chief executive of Enbridge Inc., in Calgary on Jan. 6, 2025.
Enbridge CEO says it’s ‘game on’ for growth amid surging energy demand
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.
Brookfield Asset Management Ltd. executives have been bullish about a recovery in office real estate since last year, when Connor Teskey’s predecessor Bruce Flatt highlighted office supply dynamics that would lead to a rebound.
Brookfield plans US$20 billion in real estate transactions as sector recovery accelerates, CEO says
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.
While its U.S. business continues to lead Aritzia Inc.’s growth, sales in the mature Canadian retail market are holding up.
Aritzia reports record revenue in fourth quarter, hits 2027 target a year early
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.