Canada’s economy added about 6,600 jobs last month, essentially reversing a similar decline in June but not enough to change a national unemployment rate that has been stuck at 6.8% for six months in a row. Statistics Canada says there were fewer people with full-time employment last month and more with part-time jobs or who […]
The Canadian economy contracted in May, the fifth consecutive monthly decrease, increasing the possibility the country slipped into a recession in the first half of the year. Statistics Canada said Friday real gross domestic product fell 0.2% in May due mostly to weakness in manufacturing, mining, quarrying and oil and gas extraction as well as […]
The Canadian dollar dropped to levels not seen in more than a decade as the price of oil and gold both came under pressure.
Canada’s medicare system is aging badly, a federal panel has concluded.
Finance Minister Joe Oliver is telling Ontario the federal government will not co-operate in any way with the province's move to create its own pension plan.
Health Minister Rona Ambrose has penned a sharply-worded letter calling for the provinces and territories to co-operate with the feds to help slash the cost of prescription drugs.
The International Monetary Fund is slashing its outlook for Canadian economic growth this year. The fund is calling for growth of 1.5% this year, down from an April forecast for growth of 2.2%. Read: Global alternative assets expected to reach US$15.3 trillion Growth for 2016 is now expected to clock in at 2.1%, up from […]
The collection bill for money fraudulently claimed through the employment insurance program has surpassed $100 million, but the government doesn’t expect to collect the money any time soon. Figures released to The Canadian Press show that debt collection is increasingly being pushed off to future years, even as the government appears to be more efficient […]
The Canadian economy lost 6,400 jobs in June as a strong gain in full-time employment failed to fully offset losses in part-time jobs, Statistics Canada said Friday. The unemployment rate held steady at 6.8%. Read: Canadian employers lag in the talent game Economists had expected a loss of 10,000 jobs and the unemployment rate to […]
What do Drake and the Ontario Retirement Pension Plan (ORPP) have in common?