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
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
Unifor said on Wednesday that its members at Bombardier ratified a new three-year collective agreement, ending an 18-day strike at the business jet maker’s manufacturing facilities in Mississauga and Waterloo. The new contract provides general wage increases of 12.5 per cent over the life of the deal along with higher pension contributions and better job … Read more
Cost of Living5:15Zero dollar tip revenge When Alessandro Montelli was asked to tip when paying for a bottle of water at a local coffee shop, he knew something had to change with tipping culture. The Torontonian and recent university graduate had just finished a run and wanted to rehydrate. The barista behind the counter handed … 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
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
Prioritizing retirement savings is a wise decision in the post-pandemic world of job uncertainty, wage growth slump, elevated inflation and living costs alongside the high cost of borrowing. What’s more concerning is that the Social Security benefits could drop in 2033 as fewer employees are left to contribute (via payroll taxes) to the workforce’s future … Read more
Harrison Amit is leading a small startup with a big idea. “The vision for the company is helping over 10 million drivers,” said the 28-year-old CEO of Hovr (pronounced Hover). The Toronto-based ride-hailing company launches today, and will service the city and surrounding suburbs. Amit’s goal is to make the company a national brand within … Read more
Harrison Amit is leading a small startup with a big idea. “The vision for the company is helping over 10 million drivers,” said the 28-year-old CEO of Hovr (pronounced Hover). The Toronto-based ride-hailing company launches today, and will service the city and surrounding suburbs. Amit’s goal is to make the company a national brand within … Read more
Premier League clubs’ wage structures for the 2022/23 season have unveiled a fascinating narrative, with Arsenal emerging as a beacon of fiscal efficiency amidst the league’s heavy spenders. Despite securing a commendable second-place finish behind Manchester City, Arsenal’s wage bill of £235 million positions them as the fifth-highest spender in the league; in contrast, Manchester … Read more
