Newspaper article The Canadian Press

Business News as of 3 P.M. ET

Newspaper article The Canadian Press

Business News as of 3 P.M. ET

Article excerpt

Business News as of 3 p.m. ET

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FRIDAY, JUNE 12,2015, 3 p.m. ET.

BUSINESS NEWS ADVISORY

Here are the CP Business Department's plans for today as of 3 p.m. All times Eastern unless otherwise stated. Entries are subject to change as news develops. If you have any questions, please don't hesitate to email Business Editor Lee-Anne Goodman at lee-anne.goodman@thecanadianpress.com, or the department at business@thecanadianpress.com. We can also be reached at 416-507-2138.

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TOP NEWS

Key household debt ratio edges lower

Statcan-Household-Debt

OTTAWA -- The ratio of how much Canadians owe compared with how much they earn improved in the first quarter for the first time since steadily worsening through most of last year.Statistics Canada said Friday that ratio of household debt to disposable income edged down 163.3 per cent for the first three months of the year from 163.6 per cent at the end of last year. Moves Business and National, please guard against duplication. 265 words. By Craig Wong.

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Laid off oil workers wrestle with job change

Oil-Changing-Jobs

CALGARY _ Eight months into his search for a new job in the oil and gas industry, Rashad Bayramov says he's open to switching industries. But it's not so simple. "There are some perceptions from employers," said Bayramov, who previously worked in cost control. "They prefer people with experience in the specific field. It's not easy to change, even if you wish so." 490 words. By Ian Bickis.

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How much do you need to win to quit your job?

Lottery-Win-How-Much

OTTAWA -- Hoping to fund your retirement by winning the lottery is a ridiculous idea. …

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