Canada Canada suffers biggest job loss in nine years

06:40  10 february  2018
06:40  10 february  2018 Source:   thestar.com

Manitoba's Jones takes first loss at Scotties

  Manitoba's Jones takes first loss at Scotties Manitoba's Jennifer Jones went for a Hail Mary at the Scotties Tournament of Hearts on Wednesday, but her rock slid just a little too far. Jones dropped a 9-5 decision to Northern Ontario's Tracy Fleury for her first loss of the round-robin at the South Okanagan Events Centre. The five-time Scotties champ gave up a steal of three after missing a triple-raise attempt in the 10th end."I felt like we kind of let that one slip away a little bit," Jones said. "We will have to rebound and play a little sharper tonight."Fleury (4-2), a native of Sudbury, Ont., said it was the type of game her team wanted to play.

Statistics Canada reported record part-time job losses in January that gave Canada ’s labour market its biggest one-month drop since the last recession in 2009 — after which stock markets began their bull run.

He said Ontario was notably soft, with a drop of 50,900 jobs — all in part-time, and a record for the province. TVAddons Suffers Big Setback as Court Completely Overturns Earlier Ruling. Germans stun Canada , to face Russians in hockey final.


Dismal Canadian job numbers Friday capped off a week of rough financial news, including jaw-dropping volatility on stock markets in Canada and around the globe.

Statistics Canada reported record part-time job losses in January that gave Canada’s labour market its biggest one-month drop since the last recession in 2009 — after which stock markets began their bull run.

The loss of 137,000 part-time positions was led by Ontario, which hiked its minimum wage by 20 per cent on Jan. 1.

A tumultuous week of trading continued Friday, with Toronto’s TSX off more than five per cent since last week and 8 per cent from its all-time high.

Maple Leafs’ Babcock responds to Josh Leivo trade request

  Maple Leafs’ Babcock responds to Josh Leivo trade request Mike Babcock said he was unaware of the reported trade request made by Toronto Maple Leafs depth winger Josh Leivo ahead of the NHL’s Feb. 26 trade deadline. According to Sportsnet’s Nick Kypreos, Leivo requested to Lamoriello that he either be inserted into the lineup or traded this month.Sportsnet’s Elliotte Friedman reported that winger Nikita Soshnikov, currently playing for the Toronto Marlies on a conditioning stint, may be showcased for a trade as well.Following the Leafs’ 4-1 loss to the Bruins in Boston, the Toronto head coach referred reporters to general manager Lou Lamoriello on the matter.“I couldn’t tell ya.

That’s the worst one-month job loss in nine - years , matching the losses recorded in the aftermath of the 2008 financial crisis and this dipshit is the biggest moron the world has ever seen. Economist Martin Armstrong predicted last year that Canada ’s economy would turn down in 2018… bingo.

The Canadian economy suffered a net loss of 88,000 jobs in January – the biggest drop in employment in nine years . Those were the findings of the latest Labour Force Survey from Statistics Canada , released this morning.

Both the net loss of 88,000 jobs across Canada last month and the stock-market sell-offs — the Dow Jones industrial average and the S&P 500 stock index have both tumbled more than 10 per cent from all-time highs reached just two weeks ago — came as jolts after a banner 2017 for both the labour and stock markets, economists said.

The job market collapse in January marked the first decline since July 2016, and ended the longest stretch of gains since 2000.

“Canadian employment suffered its first setback in 16 months in January — and it was a hefty one,” said BMO chief economist Douglas Porter. He said Ontario was notably soft, with a drop of 50,900 jobs — all in part-time, and a record for the province. The biggest declines were in retail and wholesale trade, “although there is no way one can draw a straight line from the (wage) hike to one month’s job move,” Porter said in a research note.

Canada loses both singles matches against Romania at Fed Cup

  Canada loses both singles matches against Romania at Fed Cup Canada loses both singles matches against Romania at Fed CupCLUJ, Romania — Canada lost both its singles matches Saturday to go down 2-0 to Romania in their first-round World Group II Fed Cup tie.

Shenfeld also commented that while the job losses took away from the job gains made last year , " the details also looking wonky, with all of the job losses Overall, the news isn't all bad, especially if you look at the bigger picture. As Bloomberg News points out, Canada 's economy has seen an increase

The number of jobs in Canada fell by 88,000 in January to give the labour market its steepest one-month drop in nine years . By region, the agency said Ontario and Quebec saw the biggest decreases last month, while New Brunswick and Manitoba also had net losses .

He noted that harsh weather in January also appeared to have hit employment in the province’s construction sector (down 14,900 jobs) and transportation industry (down 5,900 jobs).

On the flip side, Statistics Canada reported the Canadian economy generated 49,000 full-time positions last month. While the overall decline helped push the national unemployment rate up to 5.9 per cent in January from 5.8 per cent the previous month, it’s still well below the 6.7 per cent it sat at a year ago.

“Overall, a mysterious mix of good and bad, with the latter’s impact blunted by how strong job gains were in the lead-up to these figures,” CIBC chief economist Avery Shenfeld wrote in a research note to clients.

Ontario’s Economic Development Minister Steven Del Duca ‎dismissed concerns that the drop in part-time jobs was due to the government’s decision to raise the minimum wage to $14 five weeks ago, an increase of $2.40 per hour that many businesses said was too much.

Begu downs Sebov to give Romania Fed Cup tie versus Canada

  Begu downs Sebov to give Romania Fed Cup tie versus Canada Begu downs Sebov to give Romania Fed Cup tie versus CanadaCLUJ-NAPOCA, Romania — Irina-Camelia Begu defeated Toronto’s Katherine Sebov 6-2, 6-4 to Romania its World Group II Fed Cup first round tie versus Canada 3-1 on Sunday.

It was payback time for Canada ’s labor market in January, with the biggest monthly job loss since the last recession — all part-time — as employers faced quickening wage gains. Canada shed a net 88,000 jobs during the month

Jobs , Jobs , Jobs . Six trillion dollars in value created!” ' Big shakeout coming': markets stem losses as hedge fund sounds warning. After trn losses last week, Australian shares fall 0.4% on Monday as US investor says markets have become ‘complacent’.

“The numbers that we’re seeing this month . . . are part of a national trend,” he told reporters.

Del Duca, who took over the portfolio in a recent cabinet shuffle as Premier Kathleen Wynne positioned her government for the June 7 election, said the fact that Ontario’s unemployment rate remained steady at 5.5 per cent is a sign economic growth is “strong and sustained.”

“Ontario is leading Canada in economic growth,” he added, noting the jobless rate has been below the national average for 34 consecutive months.

“Kathleen Wynne was warned by experts that her overnight minimum wage hike would put our most vulnerable people out of work,” Ontario PC economic development critic Monte McNaughton said in a statement.

“Kathleen Wynne’s only objective with her minimum wage hike was to hold onto power and as a result, things are getting worse,” he said.

Rocco Rossi, president of the Ontario Chamber of Commerce, said the numbers “reflect the concerns we have heard from businesses for months.”

Economists are divided on how minimum wage increases play out. Some research has suggested a reduction in hours or jobs follow mandated wage bumps, while other studies suggest no long-term connection between wage increases and dips in employment rates.

Global News lays off 70 staff across country, 21 in Vancouver

  Global News lays off 70 staff across country, 21 in Vancouver Global News lays off 70 staff across country, 21 in VancouverCorus-owned Global News has cut nearly 70 jobs across Canada, including 21 in Vancouver, according to the union.

Prime Minister Justin Trudeau travels to the University of Chicago to pat himself on the back meanwhile 2 days later Canada suffers the greatest one month jo February 7, 2018 JOB LOSS : Canada Loses 88,000 Jobs In January, Worst One-Month Loss In 9 Years https

(Chris Wattie/Reuters). The Canadian economy shed a surprising 88,000 jobs in January, with the losses concentrated in part-time work, Statistics Canada reported Friday. The drop in employment — the biggest one-month slide in nine years — pushed the national jobless rate up by

The 59,000 figure is a “whopping” one, said Matthieu Arseneau, senior economist at National Bank Financial Markets, in a note.

It “may be a sign of adjustments made by corporations coping with a minimum wage surge,” he said, noting young people ages 15 to 24 lost 24,000 part-time positions.

However, economists also pointed to possible connections between Ontario’s minimum wage and Canada’s stronger average wage growth of 3.3 per cent in January.

“One of the positives in today’s release was the fact that wage growth picked up,” said Craig Alexander, chief economist at the Conference Board of Canada.

“Now part of that might be reflecting the increase in minimum wages in Ontario because that increase in minimum wage is impacting more than 20 per cent of all the workers in Ontario.”

North American wage growth is raising its own concerns, however. The current stock market rout, for instance, began last Friday after U.S. jobs data showed wages there growing more than anticipated, raising worries that creeping signs of higher inflation might push the U.S. Federal Reserve to increase interest rates more quickly than expected.

The net loss of 88,000 jobs across Canada last month and the stock-market sell-offs came as jolts after a banner 2017 for both the labour and stock markets, economists said.© Alan Diaz The net loss of 88,000 jobs across Canada last month and the stock-market sell-offs came as jolts after a banner 2017 for both the labour and stock markets, economists said.

Toronto’s S&P/TSX composite closing down 31.08 points at 15,034.53.

On Wall Street, the Dow Jones industrial average rallied in late trading after sinking 500 points midday and surging more than 349 points earlier in the session.

The Dow ended with a 330.44 point or 1.38 per cent gain to 24,190.90, in the wake of Thursday’s session that ended with a steep drop marking a 10 per cent decline from the market’s peak in January. The Standard & Poor’s 500 rose 38.55 to 2,619.55 while the Nasdaq composite index was up 97.33 points or 1.44 per cent to 6,874.49.

Both the Dow and S&P 500 lost more than five per cent for the week, as the Dow recorded 1,000-point drops on Monday and Thursday.

“Volatility is here is to continue for a few days perhaps a few weeks longer,” said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in Minneapolis.

Traders are now focusing on next week’s U.S. consumer-price data, with equity investors took the signal to mean interest rates will rise as inflation gathers pace.

With files by Rob Ferguson, Kristin Rushowy and The Star’s wire services

Blake Lively Flaunts Her 61-Pound Weight Loss in Super Short Sweater Dress: Pic! .
Blake Lively is looking better than ever. The 30-year-old actress looked amazing in a gray sweater dress and knee-high lace-up combat boots on Wednesday while leaving her New York City hotel. Lively appeared runway ready, flaunting her long legs while throwing a furry blue coat over her shoulder. She completed the look with a pair of statement-making earrings, and left her blonde hair down.© MEGA Blake Lively exits her NYC hotel.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!