
CANADA-VANCOUVER-CPI-APRIL-RISE
(250520) -- VANCOUVER, May 20, 2025 (Xinhua) -- A customer shops for groceries at a store in Vancouver, British Columbia, Canada, on May 20, 2025. Canada's Consumer Price Index (CPI) rose 1.7 percent year over year in April, down from a 2.3 percent increase in March, Statistics Canada said on Tuesday. (Photo by Liang Sen/Xinhua)

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Canada Standard
5 hours ago
- Canada Standard
Canada to meet NATO's defence spending target this fiscal year
Xinhua 10 Jun 2025, 00:15 GMT+10 OTTAWA, June 9 (Xinhua) -- Canadian Prime Minister Mark Carney said on Monday his government would increase spending on the country's defence and security and achieve NATO's defence spending target this fiscal year. Carney said in a news release that the defence spending for 2025-26 will be over nine billion Canadian dollars (6.6 billion U.S. dollars), or two percent of GDP, meeting the NATO defence commitment half a decade ahead of schedule. According to the news release, measures in the defence spending increase plan include better pay for Canadian Armed Forces; new aircraft, armed vehicles, and ammunition; bolstering Canada's defence industrial capacity, as well as expanding the reach of the Canadian Coast Guard and integrating it into the NATO defence capabilities. "Canada requires these capabilities to uphold and assert its sovereignty and ensure our defence never becomes dependent on others again. As we strengthen the Canadian Armed Forces, we will also build up Canadian industry, driving innovation and creating good careers," said Carney. Carney promised to further accelerate the investments in years to follow. According to NATO's annual report, Canada's defence spending was around 1.45 percent of GDP last year.


CTV News
6 hours ago
- CTV News
B.C.'s youth unemployment rate second-highest in Canada with 16.6 per cent in May
A recruiter, left, takes the resume of an applicant during a job fair, in Philadelphia on June 23, 2014. THE CANADIAN PRESS/AP-Matt Rourke VICTORIA — High school students walking across graduation stages this month will step into an uncertain job market as B.C. has the second-highest youth unemployment rate in Canada. Figures released by Statistics Canada this month show the seasonally adjusted unemployment rate among people ages 15 to 24 was 16.6 per cent in May, up from 13.4 in April 2025 and up from 10.5 per cent in May 2024. Only Alberta has recorded a higher unemployment rate in that age category with 17.2 per cent, while the national youth unemployment rate is at 14.2 per cent. B.C.'s youth unemployment rate for May 2025 is below the rate of June 2020, when the seasonally adjusted unemployment rate among youth hit 28.6 per cent based on figures from Statistics Canada because of COVID-19. But the current unemployment rate among youth exceeds youth unemployment 15 years ago when it hit annual peak of 15.6 per cent in June 2010 in the midst of the so-called Great Recession caused by the financial crisis of 2007-2008. B.C.'s overall employment rate for May 2025 was 6.4 per cent, up from 6.2 per cent in April 2025 and 5.6 per cent in May 2024. This report by The Canadian Press was first published June 9, 2025. Wolfgang Depner, The Canadian Press


CTV News
7 hours ago
- CTV News
B.C.'s youth unemployment rate second-highest in Canada with 16.6 per cent in May
A recruiter, left, takes the resume of an applicant during a job fair, in Philadelphia on June 23, 2014. THE CANADIAN PRESS/AP-Matt Rourke VICTORIA — High school students walking across graduation stages this month will step into an uncertain job market as B.C. has the second-highest youth unemployment rate in Canada. Figures released by Statistics Canada this month show the seasonally adjusted unemployment rate among people ages 15 to 24 was 16.6 per cent in May, up from 13.4 in April 2025 and up from 10.5 per cent in May 2024. Only Alberta has recorded a higher unemployment rate in that age category with 17.2 per cent, while the national youth unemployment rate is at 14.2 per cent. B.C.'s youth unemployment rate for May 2025 is below the rate of June 2020, when the seasonally adjusted unemployment rate among youth hit 28.6 per cent based on figures from Statistics Canada because of COVID-19. But the current unemployment rate among youth exceeds youth unemployment 15 years ago when it hit annual peak of 15.6 per cent in June 2010 in the midst of the so-called Great Recession caused by the financial crisis of 2007-2008. B.C.'s overall employment rate for May 2025 was 6.4 per cent, up from 6.2 per cent in April 2025 and 5.6 per cent in May 2024. This report by The Canadian Press was first published June 9, 2025. Wolfgang Depner, The Canadian Press