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​The Daily Chase: Canada loses jobs in July; Amazon earnings impress - BNN Bloomberg

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Here are five things you need to know this morning.

Canada delivered a jobs report that was negative on two fronts. First, Canada unexpectedly lost 6,400 jobs in July compared to the 25,000 new jobs that were expected.

Its forecast for revenue also came in above expectations. But wait, there is more. Operating expenses grew 7.5 per cent, the slowest pace of growth since 2012. You didn’t think they forgot about AI did you? The company said they are rolling out generative AI products in their cloud business. An analyst at Rosenblatt has upgraded Amazon on the back of results.Shares of Magna are in rally mode after reporting a stellar set of results.

Shares of SNC-Lavalin were up more than 10 per cent on Thursday after the company beat earnings expectations. I'll speak to Ian Edwards, CEO of SNC-Lavalin at 10:20 a.m. EDT.

 

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