Business

The U.S. job market stalled unexpectedly last month, delivering a political blow to President Donald Trump three months ahead of midterm elections and complicating decision-making for the inflation fighters at the Federal Reserve.

Canada’s job market took a leap toward recovery in July, adding 75,000 jobs, but economists say there’s still a long road ahead before the Bank of Canada considers tightening policy.

A new report says the average national asking rent fell four per cent in July compared with last year and now stands at $2,037.

Thousands of eligible Canadians can now apply for compensation, after a months-long Canada Revenue Agency data breach in 2020 left their private information vulnerable to hackers.

U.S. President Donald Trump will convene executives from some of the world’s largest mining companies at the State Department on Friday as his administration intensifies efforts to secure domestic and allied supplies of critical minerals, a cornerstone of its national security and industrial policy.

Carney announced in April that the government would pause collection of the federal fuel excise tax on gasoline and diesel until Labour Day, as a way to counteract rising gas prices.

Under Armour on Friday forecast a steeper annual revenue decline, underscoring the challenge of reviving growth as cautious consumers rein in spending on athletic apparel amid economic uncertainty in its key North American market.

MDA Space Ltd. recorded a $27.9 million profit in its second quarter as its revenue climbed almost 34 per cent from a year earlier.

Airbnb shares surged 14 per cent to a more-than-four-year high on Friday as the vacation-rental firm’s raised annual revenue forecast eased worries over the fallout on global travel demand from the conflict in the Middle East.

The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded food commodities, averaged 131.1 points in July, up from 130.3 in June and the highest reading since January 2023.

Algonquin Power & Utilities Corp. is shifting its headquarters south of the border to Chicago.

Drivers across Canada are seeing some relief at the pumps after gas prices dropped sharply in several provinces, but experts say the savings could disappear within days as uncertainty continues to rattle global oil markets.

In separate recalls, the company noted issues with the rear quarter window glass trim with the Mustang Mach-E in two model years and the rearview camera image with the F-150 and F-250 Super Duty in several model years.

Cloudflare shares rose before the bell on Friday after the cloud services firm raised its annual forecasts, betting that resilient AI-driven demand will sustain traffic across its network

The White House on Thursday imposed a series of price floors and a 15 per cent tariff on products made from polysilicon, the raw material used in semiconductors and solar panels that is primarily produced by China.