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Economy, Law & Politics

Cracks in job market grow as BoC succeeds at slowing economy to a near halt

Cracks in job market grow as BoC succeeds at slowing economy to a near halt

OTTAWA — Canada's unemployment rate continues to trend higher as the Bank of Canada's steep interest rate hikes weigh down the economy leaves workers with fewer options in the job market.
СÀ¶ÊÓƵ adds 9K jobs in November, reversing losses from previous month

СÀ¶ÊÓƵ adds 9K jobs in November, reversing losses from previous month

Unemployment rate falls slightly to 5.3%
Northern СÀ¶ÊÓƵ city in midst of child care crisis

Northern СÀ¶ÊÓƵ city in midst of child care crisis

Dawson Creek is only able to provide childcare for less than 20 percent of the 400 infants born each year in the community. 
СÀ¶ÊÓƵ introducing pilot program to help recruit, retain workers for restaurant industry

СÀ¶ÊÓƵ introducing pilot program to help recruit, retain workers for restaurant industry

Initiative zeroes in on small and medium-sized businesses
Boeing surveillance plane contract worth $900M to СÀ¶ÊÓƵ

Boeing surveillance plane contract worth $900M to СÀ¶ÊÓƵ

Kelowna’s KF Aerospace among СÀ¶ÊÓƵ companies to benefit from new P-8A Poseidon procurement.
Alberta set for $5.5B budget surplus despite big bucks for fires, floods and drought

Alberta set for $5.5B budget surplus despite big bucks for fires, floods and drought

EDMONTON — Alberta’s budget surplus is growing, but will be offset by more than $1 billion this year to pay for floods, forest fires and drought. Finance Minister Nate Horner says the province is on track to record a $5.
Vancouver-based Rogers Sugar profits soar as strike continues

Vancouver-based Rogers Sugar profits soar as strike continues

Manufacturer's balance sheet swung to profit from a loss in the year that workers went on strike
Banks report higher provisions for bad loans, focus on expenses as economy slows

Banks report higher provisions for bad loans, focus on expenses as economy slows

TORONTO — Several Canadian banks on Thursday reported fourth-quarter results that showed rising funds set aside for bad loans, and a heavy focus on expense management, as they prepared for the expected slower economy ahead.
СÀ¶ÊÓƵ files first unexplained wealth order in Canada for Gulf Island home

СÀ¶ÊÓƵ files first unexplained wealth order in Canada for Gulf Island home

The СÀ¶ÊÓƵ government has applied in court to order two СÀ¶ÊÓƵ residents to explain how they got $1 million to buy a home on Salt Spring Island; the couple is allegedly linked as beneficiaries to a major stock fraud scheme.
Canadian economy shrank in Q3 but manages to 'keep its head above recession waters'

Canadian economy shrank in Q3 but manages to 'keep its head above recession waters'

OTTAWA — The Canadian economy shrank in the third quarter as higher rates weighed on consumer and business spending, but has so far managed to skirt a recession after a significant upward revision to second quarter GDP figures.
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