Here are five things you need to know this morning
Canada adds 87,800 jobs in May
The Canadian economy added a surprising 87,800 jobs in May, bringing the jobless rate down to 6.6%. Statscan is calling it the first significant employment gain since November 2025, as full-time employment jumped by 154,000. Construction led the overall gains with a 27,000 increase in employment. Information, culture and recreation as well as transportation and warehousing added 19,000 jobs each.
Shares of lululemon traded sharply lower in the pre-market after the Vancouver-based yogawear maker cut its profit and sales forecasts for the year. Lululemon says its performance is being affected by negative commentary in the media and online about its brand. It also says not all of its product launches have met expectations ... and the now-resolved proxy contest with founder Chip Wilson did not help.
No index exceptions for SpaceX
The manager of the S&P and Dow Jones indices has closed the door for tech companies like SpaceX to quickly enter the indexes after an IPO. The 12-month so-called ‘seasoning period’ for newly public companies will not be shortened … nor will it waive existing profitability and public-float requirements based on a company’s size. SpaceX’s denial means that it won’t be an immediate ‘must buy’ for index-tracking funds .
Trump unveils plan to boost coal
Donald Trump says the U.S. will spend hundreds of millions of dollars to revitalize the country’s coal industry. That money will be used to build new power plants, sustain existing operations and construct an export terminal in California. Trump says the move will bring down the price of energy and the cost of living for all Americans with the power of what he calls “clean, beautiful coal.”
Six small stocks most investors are missing
Most investors focus on large cap stocks. Small caps are harder to find, but often have something the giants don’t: room to run. BNN Bloomberg contributor Jon Erlichman speaks with a small cap pro about how to spot lesser-known names.
