Business News as of 3 P.M. ET

The Canadian Press, July 10, 2015 | Go to article overview

Business News as of 3 P.M. ET


Business News as of 3 p.m. ET

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FRIDAY, JULY 10, 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, Assistant Business Editor Tara Brautigam at tara.brautigam@thecanadianpress.com, or the department at business@thecanadianpress.com. We can also be reached at 416-507-2138.

TOP NEWS

Statistics Canada says 6,400 jobs lost in June

Statcan-Jobs

OTTAWA -- Canada suffered a net loss in jobs last month but overall performance on the employment front was better than expected in a result that did little to shed light on what the Bank of Canada will do on interest rates next week.The central bank is expected to reduce its economic outlook for the year, but whether it will cut its key interest rate is a matter of debate among economists. Moves National and Business, please guard against duplication. 580 words. By Craig Wong.

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Greece's Tsipras to sell austerity deal to reluctant party

EU-Greece-Bailout

ATHENS -- Greek Prime Minister Alexis Tsipras sought his left-wing party's backing on Friday for a new budget austerity package that is harsher than what he urged Greeks to reject in a vote just last week, but would provide the country will longer-term financial support. Government ministers signed off on the sweeping new measures, which include pension cuts and tax increases that are likely to inflict further pain on a people that have just emerged from a six-year economic depression. PHOTO. 880 words.

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Bombardier shares hit new 22-year low

Bombardier-CSeries

MONTREAL -- Bombardier's stock hit a new 22-year low Friday amid reports that its new Global 7000-8000 business jet may be delayed and erroneous concerns that a major Chinese airline has turned to Boeing instead of the Montreal company's CSeries.The shares hit a low of $1.84 in early trading, but were down just one cent in early afternoon trading on the Toronto Stock Exchange. …

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