A recent Goldman Sachs report revealed that Democratic nominee and current US Vice President Kamala Harris would be better for the US economy if she triumphs over former President Donald Trump to win the upcoming November elections. The investment bank’s analysis revealed that Harris’s win could mean 30,000 more jobs monthly than a Republican win. … Read more
Canada’s economy shed 2,800 jobs in July while the unemployment rate was unchanged at 6.4 per cent, Statistics Canada said on Friday. Employment fell in wholesale and retail trade, which shed 44,000 jobs, and in finance, insurance, real estate, rental and leasing, which shed 15,000 jobs. Public administration, transportation and warehousing, and utilities saw jobs gains. … Read more
The Bank of Canada wants the economy to pick up speed again and some members of its governing council are concerned that weak job market conditions could hinder that process. That’s according to the central bank’s newly released summary of deliberations detailing discussions ahead of the July 24 rate decision. “With the emergence of slack … Read more
Walmart Canada said on Thursday it invested $53 million to increase hourly wages for about 40,000 of its store associates earlier this month. The move comes at a time when Walmart has been increasing investments over the last few months for its U.S. store workers to retain more employees. The retailer raised the annual average … Read more
Since the third plenum of China’s 19th Central Committee’s in 2018, economists and academics have offered advice on how Beijing should plan its economic strategies. And with the tone-setting third plenum of the new Central Committee set to take place next week in Beijing to chart China’s long-term growth path, we look at four of … Read more
U.S. consumer prices unexpectedly fell and the annual increase was the smallest in a year, reinforcing views that a trend of dropping inflation was back on track in the United States, and drawing the Federal Reserve another step closer to cutting interest rates. The consumer price index dipped 0.1 per cent last month after being unchanged in May, the U.S. Labour Department’s … Read more
The Canadian economy was virtually unchanged in June, shedding 1,400 jobs, while unemployment rose 0.2 percentage points to 6.4 per cent, Statistics Canada said on Friday. The unemployment rate has trended upward for more than a year, with 1.4 million people unemployed in June, according to the agency’s monthly Labour Force Survey. Of those who were … Read more
The federal government has named Lt.-Gen. Jennie Carignan as defence chief. As CBC News first reported last week, Carignan’s appointment makes her the first woman to hold the Canadian Armed Forces’ top job. She is currently the military’s chief of professional conduct and culture, a position created following the sexual misconduct crisis. Several high-ranking leaders were forced … Read more
Businesses’ demand for temporary foreign workers has surged across the country in recent years, with employers given the green light to hire more than double the people through the federal program last year as they did five years ago. The program is designed to provide short-term relief to employers as a last resort, but has … Read more
Canada’s recruitment of international students has tilted strongly toward filling spots in business programs, while doing little to meet the demand for workers in health care and the skilled trades, according to a CBC News analysis of federal data. CBC obtained figures from Immigration, Refugees and Citizenship Canada (IRCC) showing the fields of education chosen … Read more
