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MID-DAY: US unemployment rate drops to lowest since 2000; Weight Watchers membership spikes

The US is reporting a major drop in the unemployment rate.

164,000 jobs were added in April and the US unemployment rate has hit a 17.5 year low at 3.9 per cent. Experts say there are no signs of a jump in inflation, but analysts still give a 90 per cent chance of the Federal Reserve increasing the interest rate in June.

China says it still has major problems with America’s idea of a trade agreement despite some headway being made while the two sides meet in Beijing.

The Loonie is down to 77.77 cents US following a report on a growing trade deficit in Canada up to 4.14 billion despite growth in imports.

Oil is up to 68.86 a barrel.

Weight Watchers shares jumped 8.3 per cent 75.70 a share with most subscribers ever reported in latest quarter.

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Twitter’s password problems have been costly for the company as it’s shares dropped 1.4 per cent after it announced user passwords were left open to viewing within the company computer network.

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