Statistics Canada’s latest report indicates that Canada’s economy added a net 55,000 jobs in May. This exceeded expectations and almost all new jobs coming from the private sector. Economists had been expecting to add about 15,000 jobs during the month.
Canada’s Natural Resources Minister Jim Carr shared that the Canadian government is inviting Chinese investment in Canada’s oilsands. The minister did not provide details on what investments would be welcome from China, except that each proposal would be evaluated individually.
The World Bank has maintained its forecast for global growth of 2.7 per cent for this year. The World Bank cited an increase in manufacturing and trade, improved market confidence, and a recovery in commodity prices as factors contributing to their forecast.
Adidas announced that it is partnering with 3D printing company Carbon to manufacture athletic shoes with 3D-printed midsoles for the mass market. With this announcement, Adidas becomes the first major athletic shoe producer to announce concrete plans to produce 3D-printed shoes for the mass market.