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Investors will be looking to May’s nonfarm payrolls report for more clarity on whether the Federal Reserve can ease up in its battle against inflation. Economists surveyed by Dow Jones expect the Bureau of Labor Statistics to report that the U.S. economy added 190,000 more jobs on the month, which would be a slight step up from the 175,000 gain in April. ...
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Canadian industries operated at 78.5% of their production capacity in the first quarter, which was little changed from the rate in the fourth quarter of 2023. The capacity utilization rate in the manufacturing sector edged down 0.1 percentage points from the fourth quarter of 2023 to 76.8% in the first quarter of 2024. The decline was driven by a slowdown ...