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Canada’s jobless rate hits new low

  Bloomberg Canada’s labour market stalled even as the jobless rate falls to a new record low, hampered by a dearth of new workers. The economy added 15,300 jobs in April, Statistics Canada reported in Ottawa, fewer than half the 40,000 gain anticipated by economists. The small increase ended a surge that saw Canada create about 410,000 jobs over the ...

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Europe aims to revive trade deals to secure allies

  Bloomberg The European Union aims to secure at least three stalled trade accords this year as the bloc looks to reinforce strategic alliances amid the turmoil caused by Russia’s invasion of Ukraine. The European Commission expects to conclude negotiations with Chile, New Zealand and Australia by the end of 2022 after progress had been stalled for months. The commission, ...

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Asia stock stars may see more tailwinds even as world tightens

  Bloomberg Fed hikes, decades-high inflation and Covid lockdowns in China are only adding to investor bets that Southeast Asia’s stock markets may be one of the best places to park their money right now. Buyers are touting an economic reopening and the region’s attraction as a hedge against higher commodity prices, which is helping the MSCI Asean Index break ...

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