Unemployment reaches 40-year low with 94,100 new jobs added in November

Unemployment reaches 40-year low with 94,100 new jobs added in November

A blast of new jobs last month knocked the country’s unemployment rate down to its lowest level since Statistics Canada started measuring comparable data more than 40 years ago. But despite eye-catching progress, Friday’s numbers also delivered disappointment. Canada added 94,100 net jobs for its largest monthly increase since March 2012 when there was a […]

White House hails China trade truce as skeptics raise doubts

White House hails China trade truce as skeptics raise doubts

WASHINGTON—The Trump administration is celebrating the 90-day truce it reached in its trade war with China as a significant breakthrough despite scant details, a hazy timetable and widespread skepticism that Beijing will yield to U.S. demands anytime soon. “This is just an enormous, enormous event,” Larry Kudlow, U.S. President Donald Trump’s top economic adviser, said […]

Why many Canadians don’t love self-checkout

Why many Canadians don’t love self-checkout

Brendan Best says self-checkout isn’t worth his time because something often goes wrong, forcing him to seek out assistance. “I would not like to have that type of hassle, so I try to go through cashier lines,” said Best, who lives in Halifax. “There’s nothing in it for me.” A new grocery shopping study out of Dalhousie […]

Global shift toward electric vehicles is well underway, experts say

Global shift toward electric vehicles is well underway, experts say

When General Motors cited plans to pivot toward electric and autonomous vehicle production as a key reason it had decided to mothball its Oshawa assembly plant, the company was talking about a future that many Canadians didn’t recognize. But experts say the auto industry’s seismic shift away from the traditional internal combustion engine is already […]

Mortgage stress test rules may be pushing borrowers towards unregulated lenders

Mortgage stress test rules may be pushing borrowers towards unregulated lenders

The Bank of Canada released data this week that shows stricter mortgage rules along with higher interest rates have helped slow the growth of risky mortgages, but some economists question whether over-leveraged borrowers are simply turning to the unregulated mortgage market. The central bank’s analysis said tougher mortgage qualification tests have helped to drastically cut the […]

Canada’s oil price woes reaching an ’emergency situation,’ Cenovus CEO says

Canada’s oil price woes reaching an ’emergency situation,’ Cenovus CEO says

The head of one of the country’s largest oilsands producers says Canada’s oil price woes are reaching an “emergency situation,” and on Wednesday saw his company’s call for production cuts echoed by a competitor.  Oil “is a provincial resource and… we’re giving it away for free,” Cenovus Energy CEO Alex Pourbaix said on CBC Calgary’s morning show, The Eyeopener. “Nobody is making money at this […]

Bombardier to cut 5,000 jobs, sell off turboprop and flight training businesses

Bombardier to cut 5,000 jobs, sell off turboprop and flight training businesses

Bombardier has announced measures that will result in 5,000 job losses over the next year and a half. The Montreal-based company announced it will sell its Q Series turboprop aircraft program to Longview Aviation Capital for $ 300 million.  The carrier reached another agreement to sell its business aircraft flight and technical training unit, which is run out […]

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