December 10th, 2018

Business

Why Huawei arrest deepens conflict between US and China

By Paul Wiseman And Frank Bajak, The Associated Press on December 7th, 2018

WASHINGTON – The arrest of a prominent Chinese telecommunications executive has driven home why it will be so hard for the Trump administration to resolve its deepening conflict with China. The arrest of Meng Wanzhou, Huawei’s chief financial officer, has heightened skepticism over the trade truce that Presidents Donald Trump and Xi Jinping reached last ... Read More »

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Surge in job growth drives unemployment rate down to new 40-year low of 5.6%

By Andy Blatchford, The Canadian Press on December 7th, 2018

OTTAWA – A blast of 94,100 new jobs last month has knocked the country’s unemployment rate down to 5.6 per cent – its lowest level since Statistics Canada started measuring comparable data more than 40 years ago. The overall number marked the labour force survey’s largest monthly increase since March 2012 when there was a ... Read More »

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US hiring slowed to 155K jobs, jobless rate stayed 3.7%

By Christopher Rugaber, The Associated Press on December 7th, 2018

WASHINGTON – U.S. employers added just 155,000 jobs in November, a slowdown from recent months but enough to suggest that the economy is expanding at a solid pace despite sharp gyrations in the stock market. The Labor Department said Friday that the unemployment rate remained 3.7%, nearly a five-decade low, for the third straight month. ... Read More »

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Here’s a quick glance at unemployment rates for November, by Canadian city

By The Canadian Press on December 7th, 2018

OTTAWA – The national unemployment rate was 5.6 per cent in November. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities. It cautions, however, that the figures may fluctuate widely because they are based on small statistical samples. Here are the jobless rates last month by city (numbers from the ... Read More »

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Here’s a quick glance at unemployment rates for November, by province

By The Canadian Press on December 7th, 2018

OTTAWA – Canada’s national unemployment rate was 5.6 per cent in November. Here are the jobless rates last month by province (numbers from the previous month in brackets): – Newfoundland and Labrador 12.2 per cent (12.7) – Prince Edward Island 8.5 (7.2) – Nova Scotia 7.0 (7.7) – New Brunswick 7.9 (7.2) – Quebec 5.4 ... Read More »

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National employment numbers for November from Statistics Canada, at a glance

By The Canadian Press on December 7th, 2018

OTTAWA – A quick look at October employment (numbers from the previous month in brackets): Unemployment rate: 5.6 per cent (5.8) Employment rate: 61.7 per cent (61.5) Participation rate: 65.4 per cent (65.2) Number unemployed: 1,124,800 (1,141,700) Number working: 18,799,100 (18,705,000) Youth (15-24 years) unemployment rate: 10.8 per cent (11.0) Men (25 plus) unemployment rate: ... Read More »

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Altria investing $2.4 billion for 45% stake in Canadian cannabis producer Cronos

By The Canadian Press on December 7th, 2018

TORONTO – Canadian cannabis producer Cronos Group will receive a $2.4 billion equity investment from Altria Group, one of the biggest tobacco companies in the world, under a friendly agreement announced Friday. Virginia-based Altria, parent of the company that make Marlboro cigarettes, will acquire a 45 per cent ownership stake in Toronto-based Cronos under the ... Read More »

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Shrinking Japan OKs divisive bill to get more foreign labour

By Mari Yamaguchi, The Associated Press on December 7th, 2018

TOKYO – Japan is set to approve legislation that would officially open the door to foreign workers to do unskilled jobs and possibly eventually become citizens. Lawmakers were due to vote late Friday on a government proposal to allow hundreds of thousands of foreign labourers to live and work in a country that has long ... Read More »

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NewsAlert: Altria investing $2.4B in Cronos cannabis producer

By The Canadian Press on December 7th, 2018

Canadian cannabis producer Cronos Group says it will receive a $2.4 billion equity investment from Altria Group, one of the biggest tobacco companies in the world. The maker of Marlboro cigarettes would acquire a 45 per cent ownership stake in Cronos under the initial investment. Altria can also invest up to a further $1.4 billion ... Read More »

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Call centre abruptly closes in Cape Breton, leaving hundreds without work

By The Canadian Press on December 7th, 2018

SYDNEY, N.S. – More than 600 people have lost their jobs after a call centre in Cape Breton abruptly closed, leaving employees without work weeks before Christmas. ServiCom officials gathered workers at the operation in Sydney on Thursday to announce that it was shuttering the facility. Cecil Clarke, mayor of the Cape Breton Regional Municipality, ... Read More »

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