Here are five things you need to know this morning.
Canada’s jobless rate unexpectedly fell to 6.5 per cent last month as the country added 46,700 jobs. Statistics Canada reported this morning that. The jobless rate was expected to tick up to 6.7 per cent as there were more workers joining the work force than there were jobs being created. But a hiring surge caused the opposite to happen, with the rate ticking down by 0.1 per cent instead.
. That’s down from $39 million this time last year. On the revenue side, the tally also slipped to $293 million from $298 million, as both franchise revenue streams and food sales both fell.Intact Financial has raised its estimate for catastrophic insurance losses in the third quarter to US$1.2 billion. That’s up from $1.1 billion previously and the company says events such as Hurricane Helene, Tropical Storm Boris and heavy rains in the U.K. are to blame.
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