Macklem says economy still overheated and jobs market is too tight
Statistics Canada’s most recent labour force survey revealed the economy added 150,000 jobs last month as the unemployment rate hovers around record-lows.
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Canada & World
Canadian and international business news relevant to local business leaders here in Ottawa. Includes stories related to inflation, interest rates, employment, major government announcements and more.
What tech layoffs, temporary foreign workers and boomers mean for the labour force
Neither layoffs hitting tech companies nor a shortage of workers seem to be weighing heavily on the country’s jobs numbers.
Tory revelation a reminder of need for workplace relationship policies: experts
As John Tory steps down after admitting to an “inappropriate relationship” with a former staffer, experts say preparation is key to protecting workplaces from the
Labour shortages could push up wages, ‘reignite inflation’ in long run, report warns
Wages are growing quickly in Canada, but so far not fast enough to match inflation, the report said.
Canadian labour market shows no signs of slowing despite high interest rates
Employment growth in Canada blew past economists’ predictions in January, even as forecasters had expected higher interest rates to weigh on the labour market.
Hot economy, inflation were at crux of BoC’s last rate decision: summary
The Bank of Canada’s governing council ultimately decided to hike its key interest rate last month because of ongoing strength in the economy and inflationary
Canadian business insolvencies up 37.2 per cent in 2022, consumer insolvencies up 11.2 per cent
The number of insolvencies filed by Canadian companies is up — and at least one business organization predicts that figure will keep growing.
Union files complaint against CRA over work-from-home rules
A union representing federal public servants has filed a bad-faith bargaining complaint against the Canada Revenue Agency.
Slowing growth a ‘good thing’ when economy is overheated: BoC’s Macklem
Bank of Canada governor Tiff Macklem says that although a slowing economy may not seem like a good thing, it is when the economy is
Immigration increase alone won’t fix the labour market, experts say
With the unemployment rate at historic lows, many companies are “starved” for workers, and new immigrants will help fill some of the need, some experts
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