Business
Here’s a quick glance at unemployment rates for July, by Canadian city
By The Canadian Press on August 9th, 2024
OTTAWA – The national unemployment rate was 6.4 per cent in July. 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 »
Be the first to comment!Here’s a quick glance at unemployment rates for July, by province
By The Canadian Press on August 9th, 2024
OTTAWA – Canada’s national unemployment rate was 6.4 per cent in July. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 9.6 per cent (9.2) _ Prince Edward Island 8.9 per cent (8.0) _ Nova Scotia 7.0 per cent (6.6) _ New Brunswick 7.2 ... Read More »
Be the first to comment!National employment numbers for July from Statistics Canada, at a glance
By The Canadian Press on August 9th, 2024
OTTAWA – A quick look at Canada’s July employment figures (numbers from the previous month in brackets): Unemployment rate: 6.4 per cent (6.4) Employment rate: 60.9 per cent (61.1) Participation rate: 65.0 per cent (65.3) Number unemployed: 1,398,500 (1,407,100) Number working: 20,513,600 (20,516,400) Youth (15-24 years) unemployment rate: 14.2 per cent (13.5) Men (25 plus) ... Read More »
Be the first to comment!Economy lost 2,800 jobs in July, unemployment rate unchanged at 6.4%
By The Canadian Press on August 9th, 2024
OTTAWA – Statistics Canada says students are facing a particularly challenging summer job market, while recent immigrants are disproportionately affected by the weakening labour conditions. The federal agency’s July labour force survey says the jobless rate held steady at 6.4 per cent last month as the economy shed a modest 2,800 jobs. As the Bank ... Read More »
Be the first to comment!Cineplex reports $21.4M Q2 loss as attendance fell from year ago
By The Canadian Press on August 9th, 2024
TORONTO – Cineplex Inc. reported a loss in its most recent quarter compared with a profit a year ago as theatre attendance fell, but CEO Ellis Jacob says the end of the second quarter was a turning point. Jacob says the industry faced challenges in the first half of the year due to the prolonged ... Read More »
Be the first to comment!AtkinsRéalis reports second-quarter profit and revenue up from year ago
By The Canadian Press on August 9th, 2024
MONTREAL – AtkinsRéalis Group Inc. reported its second-quarter profit and revenue rose compared with a year ago. The engineering services company formerly known as SNC-Lavalin says its profit attributable to shareholders totalled $82.2 million or 47 cents per diluted share for the quarter ended June 30. The result was up from a profit of $63.8 ... Read More »
Be the first to comment!Saputo reports $142M Q1 profit, revenue up nearly 10% from year ago
By The Canadian Press on August 9th, 2024
MONTREAL – Saputo Inc. reported a profit of $142 million in its latest quarter as its revenue rose nearly 10 per cent compared with a year ago. The cheese and dairy company says the profit amounted to 33 cents per diluted share for the quarter ended June 30 compared with a profit of $141 million ... Read More »
Be the first to comment!Bell got $64M from jail calls at issue in lawsuit, gave $39M commission to Ontario
By Allison Jones, The Canadian Press on August 9th, 2024
TORONTO – Bell Canada made more than $64 million in gross revenues from calls made by inmates at Ontario jails – at “exorbitant” rates, lawyers allege in a lawsuit – and gave nearly $39 million of that to the province as commission, according to new disclosures from the telecom giant. Bell charged $1 per minute ... Read More »
Be the first to comment!StatCan to release July jobs report as economists expect more labour market weakness
By The Canadian Press on August 9th, 2024
OTTAWA – Statistics Canada is set to release its July labour force survey today. The unemployment rate has been steadily climbing over the last year as high interest rates send a chill through the Canadian economy. In June, the unemployment rate rose to 6.4 per cent. RBC expects it ticked higher again to 6.5 per ... Read More »
Be the first to comment!B.C. fisherman fined $33K for harvesting in ‘globally unique’ glass-sponge reefs
By The Canadian Press on August 8th, 2024
VANCOUVER – The owner of a commercial halibut vessel in British Columbia has received more than $33,000 in fines for fishing in a marine protected area containing glass sponge reefs unique to the waters of the Pacific Northwest. Fisheries and Oceans Canada says a provincial court judge handed down the fine in May to Brent ... Read More »
Be the first to comment!RioCan earnings rise to $122.4 million in second quarter
By The Canadian Press on August 8th, 2024
TORONTO – RioCan Real Estate Investment Trust says its net income for the second quarter was $122.4 million, up from $112.0 million during the same quarter last year. RioCan says its revenues totalled $292.2 million, up from $276.1 million a year earlier. President and CEO Jonathan Gitlin says the company saw “record-breaking leasing spreads” as ... Read More »
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