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Canada unemployment up 7.3%, 2,300 jobs lost

Ottawa / AFP The Canadian economy lost 2,300 jobs in February, with fresh losses in the oil-producing provinces raising unemployment to 7.3 percent, the highest level seen in three years, official data showed Friday. The results fell short of analysts’ expectations of 10,000 new jobs and unemployment holding steady at 7.2 percent. Although there was a slight increase in the ...

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Brazilian Real advances for 3rd week, ‘longest’ amid impeachment talks

RIO DE JANEIRO / Bloomberg Brazil’s real advanced for the third week, the longest rally since November, amid growing speculation that a change in government would boost local assets. The currency gained 1.1 percent to 3.5856 per dollar, the strongest level on a closing basis since Aug. 28, bringing its weekly advance to 4.7 percent. It’s up 12 percent this ...

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US-Canada war over gas market share will heat up in 2017

BLOOMBERG U.S. gas drillers battered by the lowest prices in 17 years have found another release valve for their output: Canada. Over the past five years, the shale boom that unlocked vast supplies of natural gas across North America has tripled pipeline shipments from the U.S. to Mexico, and spurred the first seaborne exports from the lower 48 states. Now, ...

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