Canada unemployment ticks down but Trump tariff threats cloud outlook
4 days, 6 hours ago

Canada unemployment ticks down but Trump tariff threats cloud outlook

New Indian Express  

Montreal: Canada's unemployment rate ticked down in December, the national statistics agency said Friday, ending 2024 with signs of strength as the country readies for potential economic upheaval triggered by incoming US president Donald Trump. Statistics Canada said the December unemployment rate was 6.7 percent, down from 6.8 percent in November. "Canada's job market ended 2024 on a high note," a note from TD Economics said, with the economy adding "the most jobs in almost two years." TD Economics said it still expected a 25-basis-point cut this month, which would bring the key lending rate down to three percent, but that outlook could change based on political and economic developments.

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Canadian dollar rebounds as investors rethink tariff risk
2 months, 1 week ago

Canadian dollar rebounds as investors rethink tariff risk

Live Mint  

* Canadian dollar gains 0.6% against the greenback * Trades in a range of 1.3851 to 1.3948 * Price of U.S. oil settles 0.9% higher * Bond yields ease across the curve By Fergal Smith TORONTO, Nov 7 - The Canadian dollar strengthened against its U.S. counterpart on Thursday as the Federal Reserve cut interest rates and investors grew less …

Canada to Curb Foreign-Worker Influx After Jobless Rate Jumped
4 months, 2 weeks ago

Canada to Curb Foreign-Worker Influx After Jobless Rate Jumped

Live Mint  

-- Canada will restrict a program that allows companies to recruit low-wage foreign labor after the government was criticized for letting it grow too quickly, and for failing to stop the abuse of temporary workers. The government is also bringing back a previous rule that bans the hiring of new temporary foreign workers for low-wage jobs in regions where the …

Canada Unemployment Rises But Wages Spur Caution on July Cut
7 months, 1 week ago

Canada Unemployment Rises But Wages Spur Caution on July Cut

Live Mint  

-- Canada’s unemployment rate rose for the third time in four months, but rising wages and a strong US labor report prompted some economists to express caution on the pace of Bank of Canada rate cuts. “We expect that will lead to a gradual pace of interest rate reductions this year, with the Bank of Canada likely to cut at …

Canada’s unemployment rate falls to record low
2 years, 6 months ago

Canada’s unemployment rate falls to record low

Al Jazeera  

Wage gains continue to accelerate while large numbers of Canadians drop out of the labour force. Canada’s jobs market showed signs of extreme tightening last month, with the unemployment rate falling to a record low, wage gains accelerating and large numbers of Canadians dropping out of the labor force. The economy shed 43,200 jobs in June, Statistics Canada reported Friday …

Canada posts significant jobs gains as COVID restrictions lift
2 years, 10 months ago

Canada posts significant jobs gains as COVID restrictions lift

Al Jazeera  

The country added 336,600 jobs in February, more than making up for losses in the previous month, data showed. Canada’s labor market blew past expectations last month after the nation lifted COVID-19 restrictions meant to contain the spread of the Omicron variant. The country added 336,600 jobs in February, more than making up for losses in the previous month, Statistics …

Explained: How India's growing job crisis frustrates its youth
2 years, 11 months ago

Explained: How India's growing job crisis frustrates its youth

India Today  

Srijan Upadhyay supplied fried snacks to small eateries and roadside stalls in the poor eastern Indian state of Bihar before Covid-19 lockdowns forced most of his customers to close down, many without paying what they owed him. Read | The Great Resignation: Why are so many people quitting jobs ‘NOT ENOUGH JOBS FOR US’ "There are not enough jobs for …

Canada sheds jobs for second month as pandemic restrictions bite
3 years, 7 months ago

Canada sheds jobs for second month as pandemic restrictions bite

Al Jazeera  

Canada’s economy lost 68,000 jobs in May, marking the second consecutive month of job losses. Canada’s labor market weakened for a second month amid widespread restrictions to control a third wave of Covid-19. The 270,000 jobs lost in that second wave were more than fully recovered in just one month in February when restrictions were lifted. “We’ve now seen slightly …

Why Canada is enjoying an unprecedented jobs boom
4 years, 11 months ago

Why Canada is enjoying an unprecedented jobs boom

Live Mint  

Canada’s job market has been firing on all cylinders but it’s been especially strong for men. “We’re short truck drivers, architects, consultants.” Males make up majority of job holders in Canada versus females in the US To be sure, the headline figures mask stark regional disparities that underscore the difficulties Prime Minister Justin Trudeau is facing. “There’s a lot of …

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