Business
Here’s a quick glance at unemployment rates for April, by Canadian city
By The Canadian Press on May 5th, 2023
OTTAWA – The national unemployment rate was 5.0 per cent in April. 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 April, by province
By The Canadian Press on May 5th, 2023
OTTAWA – Canada’s national unemployment rate was 5.0 per cent in April. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 10.1 per cent (10.3) _ Prince Edward Island 7.1 per cent (6.6) _ Nova Scotia 6.3 per cent (5.7) _ New Brunswick 6.1 ... Read More »
Be the first to comment!National employment numbers for April from Statistics Canada, at a glance
By The Canadian Press on May 5th, 2023
OTTAWA – A quick look at Canada’s April employment (numbers from the previous month in brackets): Unemployment rate: 5.0 per cent (5.0) Employment rate: 62.4 per cent (62.4) Participation rate: 65.6 per cent (65.6) Number unemployed: 1,058,200 (1,053,000) Number working: 20,130,200 (20,088,800) Youth (15-24 years) unemployment rate: 9.6 per cent (9.2) Men (25 plus) unemployment ... Read More »
Be the first to comment!US adds a solid 253,000 jobs despite Fed’s rate hikes
By Paul Wiseman, The Associated Press on May 5th, 2023
WASHINGTON (AP) – America’s employers added a healthy 253,000 jobs in April, evidence of a labor market that still shows surprising resilience despite rising interest rates, chronically high inflation and a banking crisis that could weaken the economy. The unemployment rate dipped to 3.4%, matching a 54-year low, the Labor Department said Friday. But the ... Read More »
Be the first to comment!Statistics Canada says economy added 41,000 jobs in April, unemployment rate 5.0%
By The Canadian Press on May 5th, 2023
OTTAWA – Employment in Canada rose by 41,000 jobs last month, with all the gains made in part-time work. Statistics Canada’s latest labour force survey released Friday says the unemployment rate held steady at 5.0 per cent for the fifth consecutive month. That’s just above the all-time low of 4.9 per cent reached last summer. ... Read More »
Be the first to comment!US adds a strong 253,000 jobs despite Fed’s rate hikes
By Paul Wiseman, The Associated Press on May 5th, 2023
WASHINGTON (AP) – America’s employers added a robust 253,000 jobs in April, evidence of a labor market that still shows surprising strength despite rising interest rates, chronically high inflation and a banking crisis that could weaken the economy. The unemployment rate ticked down to 3.4%, matching a 54-year low. Last month’s hiring gain compared with ... Read More »
Be the first to comment!Hydro One reports Q1 profit down from year ago, revenue higher
By The Canadian Press on May 5th, 2023
TORONTO – Hydro One Ltd. reported its first-quarter profit fell compared with a year ago due higher operation, maintenance and administrative costs, offset in part by higher revenues. The power utility says it earned $282 million or 47 cents per diluted share for the quarter ended March 31. The result compared with a profit of ... Read More »
Be the first to comment!Enbridge reports $1.7B Q1 profit, down from $1.9B a year earlier
By The Canadian Press on May 5th, 2023
CALGARY – Enbridge Inc. reported a first-quarter profit of $1.7 billion, down from $1.9 billion a year ago as it was hit by a realized loss due to the termination of foreign exchange hedges. The pipeline company says the profit amounted to 86 cents per share for the quarter ended March 31, down from 95 ... Read More »
Be the first to comment!Magna International reports Q1 profit down from year ago, sales up 11%
By The Canadian Press on May 5th, 2023
TORONTO – Magna International Inc. upgraded its outlook for its sales and profit for the year as it reported its first-quarter profit fell compared with a year ago and its sales rose 11 per cent. The auto parts company, which keeps its books in U.S. dollars, says its profit attributable to the company amounted to ... Read More »
Be the first to comment!Leaders express disappointment with changes to Canadian North airline
By Emily Blake, The Canadian Press on May 5th, 2023
YELLOWKNIFE – Northern leaders say they are disappointed with changes that allow Canadian North to increase prices and reduce flight service in remote communities, but the airline says it will be better able to meet demand. Ottawa announced late last month it had approved new terms and conditions for Canadian North’s merger with First Air. ... Read More »
Be the first to comment!Statistics Canada to release April jobs numbers this morning
By The Canadian Press on May 5th, 2023
OTTAWA – Statistics Canada is set to release its April labour force survey this morning, providing updated numbers on employment levels in the country. RBC says it expects 12,000 jobs were added last month, the lowest number since September. Employers have kept their hiring appetite in recent months, even as high interest rates make borrowing ... Read More »
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