58 h. ago Ontario's unemployment levels keep surging higher and Toronto is among the worst

As much as we all want to hope for economic recovery in Ontario, joblessness in the province and across Canada is only getting worse, especially in major hubs like Toronto.Even in the wake of recent changes to the nation's immigration program — which many have criticized for causing a too-rapid and unmanageable population surge post-COVID — the proportion of residents who are out of work continues to grow, with fierce competition for even entry-level jobs.In July, Ontario saw another worrying uptick in its unemployment rate, which rose 0.1 per cent month-over-month and 1.2 per cent year-over-year to a painful 7.9 per cent, according to a new Labour Force Survey from StatCan.This makes us the fourth-worst province or territory for job seekers after Newfoundland & Labrador (10.5 per cent), Nunavut (9.9 per cent), and P.E.I. (8.8 per cent).StatCanCanada's national average sits at 6.9 per cent — stable from June, but ...

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58 h. ago Ontario's unemployment levels keep surging higher and Toronto's is among the worst

As much as we all want to hope for economic recovery in Ontario, joblessness in the province and across Canada is only getting worse, especially in major hubs like Toronto.Even in the wake of recent changes to the nation's immigration program — which many have criticized for causing a too-rapid and unmanageable population surge post-COVID — the proportion of residents who are out of work continues to grow, with fierce competition for even entry-level jobs.In July, Ontario saw another worrying uptick in its unemployment rate, which rose 0.1 per cent month-over-month and 1.2 per cent year-over-year to a painful 7.9 per cent, according to a new Labour Force Survey from StatCan.This makes us the fourth-worst province or territory for job seekers after Newfoundland & Labrador (10.5 per cent), Nunavut (9.9 per cent), and P.E.I. (8.8 per cent).StatCanCanada's national average sits at 6.9 per cent — stable from June, but ...

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6 d. ago Canada lost 41K jobs in July, but unemployment rate holds steady at 6.9%

Statistics Canada says youth aged 15 to 24 saw the biggest employment drop in July amid the tough summer jobs market, with 34,000 lost.

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6 d. ago Economy lost 41,000 jobs in July but unemployment rate held steady at 6.9%

OTTAWA — The Canadian economy shed some 41,000 jobs in July as young workers and the private sector bore the brunt of the losses, Statistics Canada said Friday. The unemployment rate held steady at 6.9 per cent as the number of job seekers was roughly unchanged from June. The economy lost 51,000 full-time positions in […]

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6 d. ago Canada lost 41,000 jobs in July but unemployment rate held steady at 6.9%

OTTAWA — Statistics Canada says the economy shed some 41,000 jobs in July, partially offsetting a gain of 83,000 positions in June. The unemployment rate meanwhile held steady at 6.9 per cent last month as the agency says the total number of job seekers was roughly unchanged. StatCan says July’s losses were concentrated in full-time […]

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3 w. ago Here’s why the Bank of Canada could be done cutting interest rates for now

After a quarter-point cut in March, the Bank of Canada held its benchmark interest rate steady at 2.75 per cent in April and June.

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3 w. ago Why the Bank of Canada could be done cutting its policy rate for now

OTTAWA — The Bank of Canada has largely kept to the sidelines as it tries to get a sense of how U.S. tariffs will impact the economy — and some economists think it might just stay there. After a quarter-point cut in March, the central bank held its benchmark interest rate steady at 2.75 per […]

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