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TSX slides on weak oil, U.S. jobs data

Toronto's main stock index finished lower on Thursday as oil prices slid and a gloomy U.S. jobs report dimmed hopes for a quick economic recovery.

2 Jul 2009, 5:29 pm | click here to view more

467K Jobs Cut in June; Jobless Rate at 26-Year High

Employers kept slashing jobs at a furious pace in June as the unemployment rate edged ever closer to double-digit levels, undermining signs of progress in the economy, and making clear that the job market remains in terrible shape.

2 Jul 2009, 4:09 pm | click here to view more

467K jobs cut in June; jobless rate at 9.5 percent

Employers clip a larger-than-expected 467,000 jobs in June and the unemployment rate climbed to a 26-year high of 9.5 percent. Workers also saw weekly wages fall, suggesting Americans will have little appetite to spend and the economy's road to recovery will be bumpy.

2 Jul 2009, 3:38 pm | click here to view more

Investors flee commodities after bad jobs data

Commodity prices fell sharply Thursday as a worse-than-expected jobs report sent investors in search of less risky assets.

2 Jul 2009, 3:28 pm | click here to view more

Austrian Airlines to cut 1,000 jobs: company

Austrian Airlines said Thursday it would clip 1,000 jobs following record losses in 2008 and amid a troubled bid by German flag carrier Lufthansa to take over the company.

2 Jul 2009, 2:40 pm | click here to view more

Oil prices slide under 67 dollars on weak US jobs report

Oil prices sank below 67 dollars on Thursday after weak jobs data quashed hopes of a speedy economic recovery in the United States, which is the world's top energy consumer.

2 Jul 2009, 1:21 pm | click here to view more

Obama: More work needed to create new jobs

President Barack Obama says he's still "deeply concerned" about the continuing loss of jobs across the country.

2 Jul 2009, 12:07 pm | click here to view more

CLEM'S CHRONICLES: JOBS/MICHAEL JACKSON/AFGHANISTAN

Howdy folks-Clem Lane here. wish you every have a fun, safe holiday weekend. Here's what's going on....... JOBS-We’ve had a wide variety of stories that have supplanted our nation’s economic recession/recovery from the front pages and first blocks recently. Today...

2 Jul 2009, 10:52 pm | click here to view more

Rubber Reaches One-Week Low as Jobs Data Cloud Demand Outlook

July 3 (Bloomberg) -- Rubber declined to a one-week low as a worse-than-expected decrease in U.S. jobs strengthened concern rising unemployment may wet consumption and curb demand for the raw material used in car tires.

2 Jul 2009, 10:44 pm | click here to view more

Weak jobs data sink Wall Street

Stocks fell sharply on Thursday after payrolls data showed more Americans than expected lost their jobs in June, dimming hopes of a quick economic recovery.

2 Jul 2009, 10:34 am | click here to view more



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