Canada Jobless Rate Hits 3-Year High to 7.3 Percent
Montreal — Canada’s unemployment rate posted a surprise increase last month as the nation continues to struggle with the impact of lower oil prices. The unemployment rate climbed to 7.3 percent in February, the highest since March 2013, following a 7.2 percent rate a month earlier and up from as low 6.6 percent last year, Statistics Canada said Friday from Ottawa. Employers eliminated a net 2,300 jobs, including more than 50,000...
Oil, Gas, Power, Prices
Houston — In the year since the energy industry last gathered in for its big annual confab in Houston, prices for oil and natural gas took a dive that few, if anyone, saw coming. A chastened parade of energy executives, analysts, academics and government officials from several countries delivered speeches and participated in panels as part of CERAWeek, the energy conference sponsored by IHS, an Englewood Colo.-based business...
