6 h. ago Surprise September job gains dampen odds for Bank of Canada rate cut

OTTAWA — The Canadian labour market showed an unexpected hiring surge in September, but economists are mixed on whether the strength is enough to deter the Bank of Canada from cutting its policy rate again later this month. Statistics Canada said the unemployment rate held steady at 7.1 per cent in September as the economy […]

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6 h. ago Ontario's unemployment crisis is reaching concerning new highs

The latest job figures for Canada have just been released, and, woefully, Ontario's unemployment rate continues to push higher amid what has become a joblessness crisis.According to StatCan, a shocking 7.9 per cent of the province's workforce is now without a paying gig, despite some growth in the manufacturing and agriculture sectors (which added 12,000 and 5,200 roles, respectively, over the course of September).This is a slight jump from just a month earlier, when 7.7 per cent of the eligible population was looking for work, and also from this time last year, when Ontario's rate of unemployment was 7.1 per cent.In Toronto, the proportion of job seekers remained about the same between August and September, sitting at a significantly higher level than the province overall: 8.9 per cent.The fact that this number didn't rise from one month to the next is somewhat reassuring after increases earlier in the year, though the city's u...

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12 h. ago Canada’s job growth beats expectations as manufacturing rebounds

Unemployment rate holds steady at 7.1%

Economics

55 h. ago Niagara Falls woman accused of defrauding Philippine immigrants

The accused allegedly preyed on members of the Filipino community hoping to find a job or go to school in Canada

Other

7 d. ago Canada Post tables new offers to union that include job cut provisions

Canada Post’s latest contract offers to striking postal workers has many of the same terms as its “final offers” in May, but removes a signing bonus and now has provisions related to job cuts expected ahead. The offers presented Friday come a little over a week after the federal government announced plans to transform the […]

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2 w. ago India’s new top envoy in Canada starts term as signs emerge of thaw in relations

OTTAWA — India’s new high commissioner to Canada officially started his job on Wednesday at a ceremony at Rideau Hall in Ottawa, following a series of high-level visits by Canadian officials. “We’re getting signals from India that they are very much interested in rebuilding this relationship,” said Vina Nadjibulla of the Asia Pacific Foundation. “It’s […]

Culture

2 w. ago Lorne Gunter: Federal housing program reveals Carney government's magical thinking

Last weekend, Ana Bailão, a longtime member of Toronto city council, took up her job as the first CEO of Build Canada Homes (BCH), the Carney government’s new bureaucracy tasked with doubling the number of homes built annually across the country. Put aside for a minute the wisdom of appointing a longtime councillor from the […]

Politics

3 w. ago Bank of Canada to update interest rate this week and here's what to expect

Another Bank of Canada (BoC) interest rate announcement is coming this week, and it may be promising for Canadians.Canada's central bank held its key interest rate at 2.75 per cent for the third time this year in July amid "threats of new sectoral tariffs" and "unpredictable" U.S. trade actions.The Bank of Canada has made two 0.25 per cent cuts to its key interest rate so far this year, with the last one on March 12.Experts are predicting that the next rate cut may be coming in the crown corporation's interest rate reveal on Wednesday, Sept. 17.Ratehub.ca mortgage expert Penelope Graham says that weaker job data in Canada and the U.S. may give the Bank a compelling reason to deliver a 0.25-point rate cut this week."Evidence is mounting that tariffs are whittling economic strength, and that some stimulus will be needed in the short term," she explains. "The growing likelihood of a similar cut from the U.S. Federal Reserve also prov...

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