Canada's jobless rate falls in September for first time in nearly a yearOctober 9th, 2009 Canada's Sept. unemployment rate fallsTORONTO — Canada's unemployment rate fell to 8.4 percent in September, the first decline in almost a year.
Obama: Unemployment will be a 'big problem' for at least another yearSeptember 21st, 2009 Obama: Unemployment a problem at least 1 more yearNEW YORK — President Barack Obama says he expects unemployment will be a "big problem" for at least another year. Speaking during taping of "The Late Show" with David Letterman, Obama called the $787 billion economic stimulus program that Congress enacted earlier this year a "tourniquet" that stopped the economic bleeding.
Summary Box: Unemployment rate jumps to 26-year high, though job cuts slowSeptember 4th, 2009 Summary Box: Unemployment reaches 26-year highTHE BAD NEWS: The jobless rate jumped to 9.7 percent in August, the Labor Department said Friday, from 9.4 percent in July. That's the highest rate since June 1983.
UAE, Canada to boost economic tiesSeptember 2nd, 2009 DUBAI - United Arab Emirates (UAE) Economy Minister Sultan Bin Saeed Al Mansouri and Canadian Ambassador Sarah Hardetsky have discussed new initiatives to boost economic ties between the two countries, WAM news agency reported. The air traffic between Canada and the UAE is of particular interest to both nations, with UAE carriers Emirates and Etihad looking to boost frequency of flights.
Summary Box: Sharp drop in wholesale prices adds to evidence of no inflation threatAugust 19th, 2009 Summary Box: Wholesale prices signal low inflationWHAT HAPPENED?: Wholesale inflation dropped 0.9 percent in July, reflecting big declines in energy and food costs. Construction of single-family homes rose for a fifth straight month, though overall housing construction fell 1 percent because of weakness in apartment building.
Global recovery has begun, says Bank of CanadaJuly 22nd, 2009 TORONTO - The Bank of Canada, the central bank of the most robust of the G8 economies, has said that global recovery from the financial crisis has begun. In its economic outlook report released Tuesday, the bank said: "There are now increasing signs that economic activity has begun to expand in many countries in response to monetary and fiscal policy stimulus and measures to stabilize the global financial system.
Canada's jobless rate jumps to 8.6 percentJuly 11th, 2009 TORONTO - The unemployment rate in Canada, the most robust of all G8 economies during the current global crisis, has jumped to 8.6 percent, a national report here has said. Releasing the report Friday, Statistics Canada said 47,500 jobs were lost in June in this nation of about 33 million people.
Canadian currency in overdriveMay 30th, 2009 TORONTO - The Canadian dollar is in overdrive. The loonie - as it is called - rose to 92 US cents Friday, raising fears about its adverse impact on the nation's economic recovery.
Canada unexpectedly adds 35,900 jobs in April, analysts expected 50K declineMay 9th, 2009 Canada adds jobs in April, analysts expected lossOTTAWA — Canada unexpectedly gained 35,900 jobs in April as the unemployment rate remained at a seven-year high of 8 percent, Statistics Canada said Friday. However, all of the job gains were in the self-employed category, which is normally a sign of labor market weakness.
Unemployment in Australia slipped in April to 5.4 percent, despite expectations of a riseMay 8th, 2009 Surprise slip in unemployment in AustraliaSYDNEY — Australia's jobless rate slipped marginally to 5.4 percent in April compared to March, despite widespread predictions of a further rise in unemployment because of the global economic slowdown. The official Australian Bureau of Statistics data released Thursday showed that more than 27,000 new full- and part-time jobs were created in April, backing Prime Minister Kevin Rudd's claim that his massive stimulus packages were protecting workers and the economy from recession.
Canadian workers at Chrysler vote to accept labor concession dealApril 27th, 2009 Canadian workers accept Chrysler dealTORONTO — An overwhelming majority of workers at Chrysler Canada voted to accept a labor concession deal reached between their union and the beleaguered automaker, a union official said Sunday. The deal was approved by 87 percent of those who voted over the weekend.
Canadians default on bills as jobs disappearApril 1st, 2009 TORONTO - With the economy sinking deeper into recession and jobs disappearing fast, more and more Canadians have begun defaulting on their home bills. A national survey by the credit information group, Equifax Consulting Solutions, revealed Tuesday that bill delinquency rates have soared to the highest level of 7.3 percent in a decade.
Canadian market rally continues for fifth dayMarch 17th, 2009 TORONTO - Continuing their gains from last week, Canadian markets extended their rally Monday, with the financial sector edging higher. The Toronto Stock Exchange (TSX) composite index rose quickly as trading began but lost early gains later in the day, closing 83.32 points higher at 8,386.71 on some sombre news on the nation's economy.
American worries over unemployment tripleMarch 17th, 2009 WASHINGTON - More than a third of the Americans today, or thrice as many as last year, are worried about rising unemployment instead of rising gas prices and inflation, according to a new national poll. In a new CNN/Opinion Research Corp.
Canadian dollar, markets keep risingJanuary 8th, 2009 TORONTO - Though prices of two main Canadian resources of oil and commodities continue to slip, the Canadian dollar has risen appreciably against the US dollar in the new year. Thanks to the weakening US dollar, the loonie - as the Canadian dollar is called - rose as high as 84.85 cents US, gaining 1.31 cents against the greenback Thursday.
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