Statistics Canada released its May Labour Force Survey on Friday (June 6). The data showed that nearly 9,000 new jobs were added to the workforce during the month. The news surprised analysts who were expecting losses of 12,500 as the effects of US trade tariffs began to be felt in…
Here’s a quick recap of some of the most impactful resource sector news items for the week. The period saw the Ontario government back the Marathon copper-palladium project, while Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) opened up a US$2 billion iron ore mine. Elsewhere, Indonesia suspended nickel mining in a protected region, and…
Procter & Gamble will cut 7,000 jobs, or roughly 15% of its non-manufacturing workforce, as part of a two-year restructuring program. The layoffs by the consumer goods giant come as President Donald Trump’s tariffs have led a range of companies to hike prices to offset higher costs. The trade tensions…
A sweeping new travel ban on citizens from a dozen nations was announced by the White House on Wednesday, reviving a defining effort from the first Trump administration to crack down on entries from specific countries. Trump said in a video posted Wednesday that new countries could be added to…
Israel struck “terror targets of the Hezbollah Aerial Unit (127)” in the southern suburb of Dahieh, Beirut, the Israel Defense Forces said, as large plumes of smoke could be seen rising from the Lebanese capital late on Thursday. Lebanon’s state-run NNA news also reported strikes from Israeli drones, saying that…
Friday marks 81 years since D-Day, the first day of the Normandy landings that laid the foundations for the Allied defeat of Nazi Germany in World War II. The invasion – codenamed Operation Overlord – saw of tens of thousands of troops from countries including the United States, the United…
Russian ballistic missiles and drones have been launched toward Ukraine from multiple directions, the Ukrainian Air Force said on Telegram Friday. Tkachenko accused Russia of hitting residential areas with the drone attack, saying a high-rise building the the Solomyansky district of Kyiv was damaged. Kyiv’s Mayor Vitali Klitschko also reported…
North Korea says it has successfully refloated a new destroyer that capsized upon launch last month, with state media reporting the damaged vessel will be moved to a dry dock in a different shipyard for repairs. “After restoring the balance of the destroyer early in June, the team moored it…
The fragile trade truce between the United States and China has, for now, been pulled back from the brink. US President Donald Trump finally got his long-anticipated phone call with Chinese leader Xi Jinping, during which the two agreed to resume trade talks that had stalled over accusations from each…
A young Tibetan controversially appointed by China’s atheist Communist Party as the second-highest spiritual leader in Tibetan Buddhism has pledged to make the religion more Chinese. Gyaltsen Norbu was installed by Beijing as the 11th Panchen Lama in 1995 in defiance of the religion’s highest authority the Dalai Lama, whose…