News

Canadian economy bled 66,000 jobs in August as unemployment rate at its highest since 'pandemic days'

The unemployment rate rose to 7.1 per cent in August — nearly the highest rate since 2016 — while the Canadian economy lost ...
Cantech Letter5d

RBC says weak jobs report puts pressure on Bank of Canada to lower rates

Fan said the weak report raises the likelihood the Bank of Canada will consider further easing at its Sept. 17 policy meeting ...

‘Warning lights are flashing,’ economist says as unemployment hits 7.1%

Statistics Canada says unemployment in Canada climbed for the second straight month in August to 7.1 per cent from 6.9 per ...

Canada’s unemployment rate in August climbs to nine-year high outside of early pandemic

The Canadian and American job markets effectively stalled in late summer as employers struggled with the prohibitive costs of ...
Woodworking Network1d

Ontario economic agency announces investments in steel and softwood industries

The Federal Economic Development Agency for Northern Ontario (FedNor) has announced a series of investments to strengthen the ...
Reuters1y

Canadian bank Desjardins axes nearly 400 jobs, citing tough environment

TORONTO, Oct 19 (Reuters) - Canadian lender Desjardins Group said on Thursday it would cut nearly 400 jobs, mostly at its retail branches in Quebec, joining the country's big banks that have announced ...
Reuters1y

Canada's Scotiabank to cut 3% of its global workforce, take charge

Oct 18 (Reuters) - Bank of Nova Scotia (BNS.TO), opens new tab on Wednesday announced plans to cut about 2,700 jobs globally - 3% of its workforce - and take a C$590 million ($430.94 million) charge ...