Latest news with #CraigLord
Yahoo
3 days ago
- Business
- Yahoo
Canada lost 41,000 jobs in July but unemployment rate held steady at 6.9%
OTTAWA — Statistics Canada says the economy shed some 41,000 jobs in July, partially offsetting a gain of 83,000 positions in June. The unemployment rate meanwhile held steady at 6.9 per cent last month as the agency says the total number of job seekers was roughly unchanged. StatCan says July's losses were concentrated in full-time work and in the private sector. The agency says youth aged 15 to 24 saw the biggest employment drop in July amid a tough summer jobs market. The information, culture and recreation sector led job losses, followed by construction, but the tariff-sensitive manufacturing industry saw its second month of modest job gains in a row. StatCan says the layoff rate remains virtually unchanged from the same month a year ago despite the uncertainty tied to trade and U.S. tariffs. This report by The Canadian Press was first published Aug. 8, 2025. Craig Lord, The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Canadian trade with U.S. picked up in June despite tariffs: StatCan
OTTAWA — Statistics Canada says Canadian exporters did more business with the United States in June even as tariffs ramped up. The agency says exports to the U.S. rose 3.1 per cent in June, but were still down 12.5 per cent on a year-over-year basis. Canada's trade surplus with the U.S. expanded to $3.9 billion in June as imports rose less than exports. StatCan says declines in some metals exports coincided with the U.S. doubling global steel and aluminum tariffs to 50 per cent early in the month. Overall, Canada's trade deficit with the world widened to $5.9 billion in June, up from $5.5 billion in May. StatCan says a one-time, high-value shipment spurred a jump in imports for the month, but that was somewhat offset by Canadian firms getting higher prices for their exports. This report by The Canadian Press was first published Aug. 5, 2025. Craig Lord, The Canadian Press Sign in to access your portfolio
Yahoo
16-07-2025
- Business
- Yahoo
Unionized Canada Post workers to vote on deal starting July 21
OTTAWA — Unionized Canada Post workers will get a chance to vote directly on the employers' offer for a new collective agreement starting on Monday. The Canadian Industrial Relations Board will run the vote between July 21 to August 1. Canada Post has been at an impasse with the union representing roughly 55,000 postal service workers for months. Federal Jobs Minister Patty Hajdu last month asked the Canada Industrial Relations Board to step in and put the Crown corporation's latest offer to a vote from workers themselves. That deal would see wage hikes for postal workers as well as changes aimed at rolling out seven-day-a-week delivery — a move Canada Post argues is critical for its struggling business. The Canadian Union of Postal Workers has urged members to vote no on the proposal and has instituted a national ban on overtime while it pushes for a better deal. This report by The Canadian Press was first published July 17, 2025. Craig Lord, The Canadian Press Sign in to access your portfolio
CTV News
10-07-2025
- Business
- CTV News
Canada Infrastructure Bank set to fall well short of 2028 investment target: PBO
Power transmission lines are seen with the Rocky Mountains in the background near Pincher Creek, Alta., on Thursday, June 6, 2024. THE CANADIAN PRESS/Jeff McIntosh OTTAWA — Parliament's fiscal watchdog says the Canada Infrastructure Bank is more than $20 billion short of its investment targets for the coming years. In a new report, the Office of the Parliamentary Budget Officer says the infrastructure bank is on track to disburse $14.9 billion by 2027/28 — well below its $35-billion goal. That sum is also $1 billion lower than earlier PBO projections from 2021. The bank invests alongside private and public sector partners to help get green energy and other infrastructure projects off the ground in Canada. The report says the infrastructure bank has already hit its goal of investing $1 billion in Indigenous-led projects. The infrastructure bank also has sector-specific investment goals for five priority areas, but the PBO says the Crown corporation is not on track to meet any of those targets either. --- Craig Lord, The Canadian Press This report by The Canadian Press was first published July 10, 2025.
Yahoo
10-07-2025
- Business
- Yahoo
Canada Infrastructure Bank set to fall well short of 2028 investment target: PBO
OTTAWA — Parliament's fiscal watchdog says the Canada Infrastructure Bank is more than $20 billion short of its investment targets for the coming years. In a new report, the Office of the Parliamentary Budget Officer says the infrastructure bank is on track to disburse $14.9 billion by 2027/28 — well below its $35-billion goal. That sum is also $1 billion lower than earlier PBO projections from 2021. The bank invests alongside private and public sector partners to help get green energy and other infrastructure projects off the ground in Canada. The report says the infrastructure bank has already hit its goal of investing $1 billion in Indigenous-led projects. The infrastructure bank also has sector-specific investment goals for five priority areas, but the PBO says the Crown corporation is not on track to meet any of those targets either. This report by The Canadian Press was first published July 10, 2025. Craig Lord, The Canadian Press
