Here are five things you need to know this morning.
Watch BNN Bloomberg live.Canada adds jobs, but jobless rate keeps inching higher:. Although the figure was in line with expectations, as has been the case for several months in a row now, it fell well short of the growth of the country’s working–age population. As a result, the jobless rate ticked up two percentage points to 6.6 per cent. Outside of the pandemic surge in early 2020, that’s the highest level since May 2017. The Canadian jobs picture stands in stark contrast to the one in the U.S.
, calling the US$39 billion bid insufficient. It’s hardly an unexpected move after the company didn’t exactly give TSX-listed Couche-Tard’s initial proposal last month a warm reception. But while the company said the offer as tabled is “opportunistically timed” and “grossly undervalues” the company, the Japanese firm did leave the door open to a sweetened bid, saying it is “open to sincerely consider any proposal that is in the best interests of … shareholders.
about Canada’s decision last week to slap a 100 per cent tariff on Chinese-made electric vehicles and a 25 per cent levy on steel and aluminum. China says Canada’s plan, set to be implemented next month, is nothing less than trade protectionism which distorts global supply chains. It urges Canada to withdraw the tariffs.
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