Business
National employment numbers for December from Statistics Canada, at a glance
By The Canadian Press on January 6th, 2023
OTTAWA – A quick look at Canada’s December employment (numbers from the previous month in brackets): Unemployment rate: 5.0 per cent (5.1) Employment rate: 61.8 per cent (61.5) Participation rate: 65.0 per cent (64.8) Number unemployed: 1,036,900 (1,049,600) Number working: 19,770,300 (19,666,300) Youth (15-24 years) unemployment rate: 10.1 per cent (10.3) Men (25 plus) unemployment ... Read More »
Be the first to comment!Canadian economy added 104,000 jobs in December: Statistics Canada
By The Canadian Press on January 6th, 2023
OTTAWA – The Canadian economy added 104,000 jobs in December as the unemployment rate fell slightly to 5.0 per cent, Statistics Canada said Friday. This marks the third decline in the unemployment rate in fourth months, edging it closer to the record-low of 4.9 per cent reached in June and July. In its latest labour ... Read More »
Be the first to comment!US hiring stays brisk as employers add 223,000 jobs
By Christopher Rugaber, The Associated Press on January 6th, 2023
WASHINGTON (AP) – America’s employers added a solid 223,000 jobs in December, evidence that the economy remains healthy yet also a sign that the Federal Reserve may still have to raise interest rates aggressively to slow growth and cool inflation. The December job growth, though a decent gain, amounted to the lowest monthly increase in ... Read More »
Be the first to comment!Vermilion Energy raises quarterly dividend, plans $570M capital budget for 2023
By The Canadian Press on January 6th, 2023
CALGARY – Vermilion Energy Inc. raised its dividend by 25 per cent as it announced a $570 million capital budget for 2023. The company says it will now pay a quarterly dividend of 10 cents per share, up from eight cents per share, and resume share buybacks. Vermilion says its capital spending plan includes $340 ... Read More »
Be the first to comment!Europe’s inflation slows again but cost of living still high
By Kelvin Chan, The Associated Press on January 6th, 2023
LONDON (AP) – Europe ended a bad year for inflation with some relief as price gains eased again. While the cost of living is still painfully high, the slowdown is a sign that the worst might be over for weary consumers. The consumer price index for the 19 countries that used the euro currency rose ... Read More »
Be the first to comment!Inflation in Europe slows again, hitting 9.2% in December
By The Associated Press on January 6th, 2023
LONDON (AP) – Europe ended a bad year for inflation with some relief as price gains eased again, though they still rose a painful 9.2% in December, according to data released Friday. The latest numbers are a sign that the worst might be over for weary consumers battling with the surging cost of living. The ... Read More »
Be the first to comment!Flexible workplaces with work-life balance ‘win-win’ for workers, employers: study
By The Canadian Press on January 6th, 2023
TORONTO – A new study on work-life balance says flexible schedules and shorter work weeks can lead to more productive, healthy and loyal workers. The report by the International Labour Organization says giving workers flexibility in terms of where and when they work can be win-win for both employees and businesses. The United Nations agency ... Read More »
Be the first to comment!Statistics Canada to release December jobs report Friday morning
By The Canadian Press on January 6th, 2023
OTTAWA – Statistics Canada will release its latest reading on the job market this morning. The agency is set to release its labour force survey for December. The November report showed a gain of 10,000 jobs for the month and an unemployment rate of 5.1 per cent for the month. A forecast by BMO Capital ... Read More »
Be the first to comment!S&P/TSX composite falls slightly, U.S. markets slip more than one per cent
By Rosa Saba, The Canadian Press on January 5th, 2023
TORONTO – Canada’s main stock index closed with slight losses Thursday, buoyed by strength in energy and metals, while U.S. markets lost more than one per cent amid continued strength in the job market. The S&P/TSX composite index was down 81.99 points at 19,506.84. In New York, the Dow Jones industrial average was down 339.69 ... Read More »
Be the first to comment!Insurance Bureau ups estimate of hurricane Fiona insured damages to $800 million
By The Canadian Press on January 5th, 2023
TORONTO – The Insurance Bureau of Canada is estimating insured damages from hurricane Fiona will now reach $800 million. The figure is higher than the bureau’s original estimate of $660 million. The revised estimation makes hurricane Fiona the seventh costliest extreme weather event in Canada’s history and the most costly in Atlantic Canada. The bureau ... Read More »
Be the first to comment!Project Arrow debuts first Canadian zero-emission vehicle at CES in Las Vegas
By The Canadian Press on January 5th, 2023
LAS VEGAS – The first Canadian zero-emission vehicle debuted today at the Consumer Electronics Show in Las Vegas. The sleek, silver concept vehicle revealed at the trade show known for buzzy tech debuts was entirely designed, engineered and built in the country. Fifty-eight partners led by the Automotive Parts Manufacturers’ Association collaborated on the car ... Read More »
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