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StatsCan: Jobs Cut Quickly at the Begining of the Downturn

StatsCan: Jobs Cut Quickly at the Begining of the Downturn
A new report says employment has declined much faster in the early months of the economic downturn than it did in the early recession of 1981 and 1990. The analysis done by Statistics Canada found that employment levels in the next 7 months of the current downturn were relatively stable, while employment had ... Full story
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CIBC World Markets: Employment Quality Declines in Canada

CIBC World Markets: Employment Quality Declines in Canada
A report from CIBC World Markets shows that the quality of employment in Canada has dropped significantly in the last 6 months, with all measures declining. The report shows us that while the Canadian labour market was in a free fall between October 2008 and March 2009, having shed around 356,600 jobs, was ... Full story
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Canada’s Banking Watchdog Has Work to Do

Canada’s Banking Watchdog Has Work to Do
Douglas Melville’s, Canada’s new banking ombudsman first order of business is to find a creative way to deal with the problems that are piling up in his office. Due to the global recession, the Ombudsman for Banking Services and Investments is under siege by new complaints; complaints rose 67% in the second quarter over the first quarter. Consumers ... Full story
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Jobless Rate at a Standstill

Jobless Rate at a Standstill
Canada’s labour market shed another 45,000 jobs in July as more people are struggling to find work reported Statistics Canada today. The unemployment rate stayed at 8.6% during the month. Full time employment and private sector jobs, the two most reliable indicators of labour market strength continued their downward path. The agency reported there ... Full story
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