Business
Absolute Software cutting 40 jobs as part of restructuring plan
By The Canadian Press on April 6th, 2023
VANCOUVER – Absolute Software Corp. is cutting about 40 jobs as part of a restructuring plan to reduce its operating expenses. The security software company says the job cuts represent about five per cent of its workforce. The restructuring plan also includes office space reductions. Absolute expects to take about US$1.8 million to US$2.8 million ... Read More »
Be the first to comment!Spring skiing? How to protect yourself financially against the risk of injury
By Amanda Stephenson, The Canadian Press on April 6th, 2023
CALGARY – Self-described “ski bum” Matt Mosteller has never been injured on the slopes, in spite of a thirst for adventure that’s taken him as far afield as Japan, New Zealand, South America, Europe, and Alaska in search of the fluffy stuff. “I’ve been very lucky,” said the 57-year-old B.C. man, who holds down a ... Read More »
Be the first to comment!Applications for jobless aid rising but still at low levels
By Matt Ott, The Associated Press on April 6th, 2023
The number of Americans seeking unemployment aid was higher over the past few months than the government had initially reported, reflecting a modest rise in layoffs as the economy has slowed in the face of higher interest rates. The Labor Department reported Thursday that the number of applications has been above 200,000 since early February ... Read More »
Be the first to comment!Here’s a quick glance at unemployment rates for March, by province
By The Canadian Press on April 6th, 2023
OTTAWA – Canada’s national unemployment rate was 5.0 per cent in March. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 10.3 per cent (9.9) _ Prince Edward Island 6.6 per cent (7.3) _ Nova Scotia 5.7 per cent (5.7) _ New Brunswick 5.8 ... Read More »
Be the first to comment!Here’s a quick glance at unemployment rates for March, by Canadian city
By The Canadian Press on April 6th, 2023
OTTAWA – The national unemployment rate was 5.0 per cent in March. 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!National employment numbers for March from Statistics Canada, at a glance
By The Canadian Press on April 6th, 2023
OTTAWA – A quick look at Canada’s March 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 (65.7) Number unemployed: 1,053,000 (1,066,400) Number working: 20,088,800 (20,054,100) Youth (15-24 years) unemployment rate: 9.2 per cent (9.9) Men (25 plus) unemployment ... Read More »
Be the first to comment!IMF head expects less than 3% global economic growth in 2023
By Fatima Hussein, The Associated Press on April 6th, 2023
WASHINGTON (AP) – The International Monetary Fund chief said Thursday the world economy is expected to grow less than 3% in 2023, down from 3.4% last year, increasing the risk of hunger and poverty globally. Kristalina Georgieva said growth is expected to remain around 3% for the next five years, calling it “our lowest medium-term ... Read More »
Be the first to comment!Economy added 35,000 jobs in March, unemployment rate still hovering near record low
By The Canadian Press on April 6th, 2023
OTTAWA – Statistics Canada says the economy added 35,000 jobs last month, while the unemployment rate held steady at five per cent. The federal agency says the job gains were made primarily in the private sector, with employment up in transportation and warehousing, business, building and other support services, as well as finance, real estate, ... Read More »
Be the first to comment!Aimia’s largest shareholder to vote against re-election of board at annual meeting
By The Canadian Press on April 6th, 2023
TORONTO – The largest shareholder of Aimia Inc. says it will vote against the re-election of the company’s board of directors at its annual meeting later this month. Mithaq Capital SPC says it is disappointed with recent events and has lost confidence in the board and management. The affiliate of Mithaq Holding Company, a family ... Read More »
Be the first to comment!Recall issued for President’s Choice brand Chopped Sesame Wonton Salad Kit
By The Canadian Press on April 6th, 2023
The Canadian Food Inspection Agency has issued a recall for President’s Choice brand Chopped Sesame Wonton Salad Kit because the product contains multiple ingredients not declared on the label. The agency says the kit contains mustard, egg and milk that are not listed in the product’s ingredient list. The salad kits were sold in 347 ... Read More »
Be the first to comment!Statistics Canada to release March jobs report this morning
By The Canadian Press on April 6th, 2023
OTTAWA – Statistics Canada is set to release March employment data this morning. The labour force survey will provide an update on how the labour market is faring amid high interest rates. After posting strong job gains over the last several months, economists are not expecting a significant change in employment in March. Both TD ... Read More »
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