Canada lost 213,000 jobs in January as second wave coronavirus restrictions took hold on the economies of Ontario and Quebec, according to the latest federal government figures. The Canada jobs Labour Market Survey saw unemployment increase to 9.4 percent during the month, as the country took a step back in its economic recovery from COVID-19.
Canada’s coronavirus recovery continued in November as employment rose by more than 62,000 and unemployment dropped to 8.5 percent. The Canada jobs Labour Force Survey recorded an employment increase of 0.3 percent for the month, slower than previous months but still another step in the right direction. The month saw full-time employment rise by 99,000,
Canada saw its unemployment rate edge down as it added 83,600 jobs in October, despite many provinces reimposing restrictions due to the second wave of COVID-19. The Canada jobs Labour Force Survey showed the unemployment rate fell 0.1 percentage points to 8.9 per cent compared to September. Of the employment increase, the majority was in
Stephen Poloz has kept markets on edge ever since an unexpected rate cut to the Bank of Canada’s key interest rate in January, the first adjustment in four-and-a-half years. The Bank of Canada governor and his policy team are likely to keep their options open, maintaining the trendsetting lending level at 0.75 per cent —
A report published as part of the autumn edition of the Bank of Canada Review, a twice-yearly collection of academic papers by bank economists, concludes that the slow economic growth in Canada is here to stay. Overall, there is increasing evidence that growth in advanced economies may remain slow in the immediate future compared to
Alors que le Canada se déplace dans la seconde moitié de l’année, de nombreux employeurs cherchent à augmenter l’effectif. Plus de la moitié (56 pour cent) des gestionnaires d’embauche ont l’intention d’embaucher à temps plein, le personnel permanent, contre 48 pour cent cette époque l’an dernier, et 40 pour cent en 2012. En outre, 50
Une enquête auprès des comptables professionnels cadres, effectué par les comptables professionnels agréés (CPA) du Canada révèle que l’optimisme de la performance économique du Canada est progressivement à la hausse. Selon l’enquête, qui est menée sur une base trimestrielle, 29% des répondants étaient optimistes quant à l’économie canadienne dans l’année à venir, contre 23% au
Canadian Prime Minister, Stephen Harper recently made the statement, ‘The oil industry isn’t remotely the entire Canadian economy.’ While this is not a startling statement in itself, since production of crude oil represents just 3% of Canada’s GDP, the surprise is that Mr. Harper felt he has to state the obvious. He pulled Canada out