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Canadian dollar rises more than half a cent after domestic jobs numbers impress

TORONTO - The Canadian dollar gained more than half a cent early Friday as the latest jobs figures delivered a few positive surprises on the Canadian economy. The loonie was up 0.62 of a cent from the previous close to 91.21 cent cents US, after Statistics Canada said 43,000 net new jobs were added in March. Before the release of the data, the currency was ahead 0.1 of a cent at 7:30 a.m. ET. Most of the new jobs were part-time positions, and the vast majority of the new jobs went to young Canadians, the agency said.

Toronto stock market aims higher following U.S., Canadian jobs data

TORONTO - The Toronto stock market looked to move higher Friday after impressive numbers on Canadian jobs and solid gains in the United States provided some optimism about the state of the domestic economy. The Canadian dollar was up 0.62 of a cent at 91.21 cent cents US, before stock markets opened. Statistics Canada said 43,000 net new jobs were added in March. Most of the new jobs were part-time positions, and the vast majority of the new jobs went to young Canadians, the agency said.

BRP bracing for sales fallout from geopolitical turmoil in Russia

MONTREAL - BRP is braced for a softening in sales in Russia in the coming year because of "political and economic instability" in the company's third-largest market, the recreational vehicle manufacturer said Friday. The maker of snowmobiles, personal watercraft and all-terrain vehicles said the Russian market, which has grown by 20 per cent annually over the last decade, has faced challenges in the last six months because of weaker demand due to poor snow conditions and a sharp decline in the value of the ruble.

TSX declines amid cautious U.S. durable goods reading, lower gold and metals

TORONTO - The Toronto stock market registered a three-digit loss Wednesday as investors searched for some direction, despite easing tensions in Ukraine and cautious signs of a rebound in the U.S. manufacturing sector. The S The U.S. Commerce Department says orders for durable goods rose in February by the largest amount in three months, helped by solid gains in demand for airplanes and cars. The increase amounted to a 2.2 per cent jump last month, compared with a 1.3 per cent drop in January.

Younger workers having hard time finding work and keeping jobs, new Labor Dept. study shows

WASHINGTON - Young adults born in the early 1980s held an average of just over six jobs each from ages 18 through 26, a Labor Department survey showed Wednesday. Since 1997, the department's Bureau of Labor Statistics has been keeping tabs on about 9,000 young men and women born in the early 1980s, surveying their educational and workplace progress. The latest survey is from interviews conducted in 2011-2012. According to the survey, more than two-thirds of the jobs held by high-school dropouts lasted less than a year.

Travel to the United States in January down from December: Statistics Canada

OTTAWA - Statistics Canada says Canadian residents took 4.5 million trips to the United States in January, down 2.4 per cent from December. Overnight car trips were down 4.9 per cent, while same-day car travel declined 1.1 per cent. Trips to overseas countries fell 0.4 per cent. Meanwhile, the overall number of foreign visitors to Canada fell by 2.1 per cent in January. U.S. residents made 3.0 per cent fewer trips to Canada in January, while there was a 1.7 per cent increase in the number of overseas travellers.

Travel to the United States in January down from December: Statistics Canada

OTTAWA - Statistics Canada says Canadian residents took 4.5 million trips to the United States in January, down 2.4 per cent from December. Overnight car trips were down 4.9 per cent, while same-day car travel declined 1.1 per cent. Trips to overseas countries fell 0.4 per cent. Meanwhile, the overall number of foreign visitors to Canada fell by 2.1 per cent in January. U.S. residents made 3.0 per cent fewer trips to Canada in January, while there was a 1.7 per cent increase in the number of overseas travellers.

Manufacturing sales rose 1.5 per cent to $50.4 billion in January: StatsCan

OTTAWA - Statistics Canada says manufacturing sales rose 1.5 per cent to $50.4 billion in January, the largest gain since February 2013. The agency says the increase mostly reflected higher sales in the primary metal, food and miscellaneous industries. It says sales were up in 12 of 21 industries, representing about 46 per cent of the manufacturing sector sales in January. Constant dollar sales increased 0.7 per cent, indicating that just under half of the overall gain reflected higher volumes of goods sold.

US factory output rebounded strongly in February from January's weather-related setback

WASHINGTON - U.S. factory output rebounded strongly in February after harsh winter storms caused a steep drop-off in production in January. Manufacturers produced more autos, home electronics and chemicals. The Federal Reserve said Monday that factory production surged 0.8 per cent, nearly reversing a 0.9 per cent plunge in January that was due mainly to weather. February's gain was the largest in six months. The figures suggest that factories are poised to boost output and drive more economic growth as the weather improves.

Toronto stock market falls; miners sell off amid plunging copper prices

TORONTO - The Toronto Stock Exchange closed lower Tuesday, dragged down by base metal miners as worries about Chinese growth slammed copper prices for a third day, leaving the metal at its lowest level in almost four years. The S The Canadian dollar dipped 0.01 of a cent to 90.07 cents US. New York's Dow Jones industrials fell 67.43 points to 16,351.25, the Nasdaq dropped 27.26 points to 4,307.19 while the S
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