566 comments ; The Canadian economy was virtually unchanged in June, shedding 1,400 jobs, while unemployment rose 0.2 percentage points to 6.4 per cent, Statistics Canada said on Friday. ; The unemployment rate has trended upward for more than a year, with 1.4 million people unemployed in June, according to the agency's monthly Labour Force Survey. ; Of those who were unemployed in May, one-fifth became employed by June, though this was a lower proportion than the pre-pandemic average for the same months. ; Fewer people worked in transportation and housing and public administration, while jobs were added to the food services and accommodation sector as well as the agriculture sector.
sharp rise in the unemployment rate will have many questioning whether Canada has entered a recession. "Lowering interest rates is the only way to soften the blow from upcoming mortgage...
But even that toned-down figure is the highest dating back to 1999. Grocery bills continue to rise quickly, with the price of food purchased at stores up 6.5 per cent in the year leading up to January. That's the fastest pace since 2009. Sam Kashani has a front row seat to how inflation is top of ...
8981 comments ; Canada's inflation rate rose to 8.1 per cent last month, Statistics Canada says, the fastest annual increase in the cost of living in decades. ; The data agency said gasoline was the biggest single contributor to the overall rate going up, as pump prices were up by 54.6 per cent compared to the same month a year ago. ; If gasoline is stripped out, the inflation rate would be 6.5 per cent. ; Another major source of inflation this year has been food prices, which rose by 8.8 per cent in the past year. That's the same pace of increase seen the previous month, but economist Tu Nguyen with audit, tax and consulting agency RSM Canada says it's too soon to conclude that food prices may have peaked.
(Bloomberg) -- Canada’s labor market added fewer jobs than the rise in the working-age... Historically, the countries’ interest rates have tended to take a similar path, and when they...
interest rates. A string of lenders, including Barclays, HSBC, NatWest and Nationwide, have increased the rates charged on... All would welcome low mortgage rates. There have been two...
Rates rise to 1% from 0.75%, their highest level since 2009, in a bid to tackle soaring inflation.
Getty Images By Michael Race Business reporter, BBC News Interest rates are expected to rise again after UK inflation remained much higher than expected for the fourth month in a row....
The rise in state-level unemployment rates in nearly a third of the country last month should raise concerns over the state of the U.S. economy, according to an economist who claims a...
Rising interest rates will cause 'economic damage' on the hospitality industry and 'severely... The rise has sparked further fears over the viability of hospitality businesses, with firms...