Canadian unemployment rate fell to 6.7% in October
BNN Bloomberg
The Canadian economy added 31,200 jobs in October compared to 41,600 estimate.
Breaking news update: The Canadian economy added 31,200 jobs in October compared to 41,600 estimate.
According to Statistics Canada, the Canadian unemployment rate fell to 6.7 per cent in October from 6.9 per cent in September.
Earlier story follows.
OTTAWA - Statistics Canada is scheduled to say this morning how the labour market fared in October, one month after the country passed a jobs milestone.
September's labour force survey revealed that the country had recovered all of the three million jobs lost at the onset of the COVID-19 pandemic last year.
The gain of 157,000 jobs in September pushed the unemployment rate to 6.9 per cent, down from 7.1 per cent in August.
Jay Allen is a fan of U.S. President Donald Trump, and voted for him on the belief that the Republican would cut taxes and trim regulations, helping his manufacturing business in northeast Arkansas.
Another climb for oil prices sent the U.S. stock market sharply lower, as hopes collapsed for a possible cut to interest rates by the Federal Reserve.
Global oil prices will continue to rise as the war in the Middle East continues and the Strait of Hormuz remains inaccessible, according to an energy expert.
Global oil prices will continue to rise as the war in the Middle East continues and the Strait of Hormuz remains inaccessible, according to an energy expert.
Facing a $1.4 billion deficit shortfall, the provincial government says its large-animal vet service will be privatized over the next three years.
Facing a $1.4 billion deficit shortfall, the provincial government says its large-animal vet service will be privatized over the next three years.
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Markets in Canada and the U.S. continued to trade lower while oil went up late morning on Friday as inflationary fears prevailed among investors.
Gold prices fell by 1.8 per cent on Friday as the dollar strengthened on a report that the United States will deploy extra troops in the Middle East, fanning concerns of higher oil prices, inflation, and with it, elevated interest rates.
Canada’s federally backed farm lender is offering financial aid to farmers, agricultural businesses and food companies hit by the spike in fertilizer and energy prices, it said on Friday.
Statistics Canada says retail sales were up 1.1 per cent at $70.7 billion in January, led by sales at motor vehicle and parts dealers.
As Qatar reels from an Iranian attack that has hobbled its giant natural gas company, its boss, who doubles as the country’s energy minister, says he had warned officials and executives of just such a danger should Iran’s own sites be hit.
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