National Business

The federal government is asking a labour tribunal to review whether a strike by rail workers would jeopardize Canadians' health and safety.

CALGARY — Enbridge Inc.'s proposal to build a major carbon storage hub in Alberta remains on the table, the company said Friday, in spite of Capital Power's recent decision to shelve its own $2.4-billion project associated with the plan.

NEW YORK (AP) — Target confirmed Friday that it won't carry Pride Month merchandise at all stories this spring after the discount retailer experienced backlash and lower sales over its collection honoring LGBTQ+ communities.

OTTAWA — The odds of a June interest rate cut from the Bank of Canada appear to have fallen after the latest jobs report from Statistics Canada showed employment jumped by 90,000 last month.

A new report says the average asking rent for a home in Canada in April was up 9.3 per cent compared with a year ago, while a slight month-over-month increase was also recorded for the first time since January. The report by Urbanation and Rentals.

WASHINGTON (AP) — U.S. consumer sentiment fell sharply in May to the lowest level in six months as Americans cited stubbornly high inflation and interest rates, as well as fears that unemployment could rise .

TORONTO — Canada's main stock index edged lower in late-morning trading after closing at a record high on Thursday, while U.S. stock markets were mixed. The S&P/TSX composite index was down 1.12 points at 22,374.71.

NEW YORK (AP) — U.S. stocks are heading toward the close of another winning week with some more modest gains. The S&P 500 was up 0.3% in early trading Friday. The Dow Jones Industrial Average was up 118 points, and the Nasdaq composite was up 0.

OTTAWA — The national unemployment rate was 6.1 per cent in April. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities.

OTTAWA — Canada's national unemployment rate was 6.1 per cent in April. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 9.1 per cent (10.1) _ Prince Edward Island 6.