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Economy, Law & Politics

S&P/TSX composite up more than 200 points, U.S. stock markets also rise

S&P/TSX composite up more than 200 points, U.S. stock markets also rise

TORONTO — Strength in the base metal and energy sectors helped Canada's main stock index rise more than 200 points in late-morning trading, while U.S. stock markets climbed higher. The S&P/TSX composite index was up 261.61 points at 19,768.45.
Tight labour market means rise in gig work unlikely during recession: economists

Tight labour market means rise in gig work unlikely during recession: economists

Economists say the expected economic slowdown in 2023 may not result in higher levels of gig work, unlike previous recessions when levels of contract work and self-employment spiked.
СÀ¶ÊÓƵ adds 17K jobs in December to recoup previous month’s losses

СÀ¶ÊÓƵ adds 17K jobs in December to recoup previous month’s losses

Not even another rate hike from the Bank of Canada could quell СÀ¶ÊÓƵ’s ultra-tight labour market in December as the province added 16,600 jobs during the holiday season.
Labour market kept roaring to end off the year with 104,000 jobs added in December

Labour market kept roaring to end off the year with 104,000 jobs added in December

OTTAWA — Statistics Canada says the Canadian economy added 104,000 jobs in December. The country's unemployment rate fell by 0.1 percentage points to 5.0 per cent, nearing the record-low of 4.9 per cent reached in June and July. More coming.
Glen Clark out of Jim Pattison Group C-suite

Glen Clark out of Jim Pattison Group C-suite

Glen Clark is no longer president and chief operating officer of the Jim Pattison Group. But chairman Jim Pattison said he is not going far.
Dr. Bonnie Henry provides update on 'Kraken' COVID-19 subvariant cases in СÀ¶ÊÓƵ

Dr. Bonnie Henry provides update on 'Kraken' COVID-19 subvariant cases in СÀ¶ÊÓƵ

The new subvariant spreads "more easily."
СÀ¶ÊÓƵ insolvencies highest in more than three years

СÀ¶ÊÓƵ insolvencies highest in more than three years

Trend is the similar across Canada
Bigger СÀ¶ÊÓƵ tax credits may land in your bank account this month

Bigger СÀ¶ÊÓƵ tax credits may land in your bank account this month

Low-income СÀ¶ÊÓƵ families and individuals are getting a boost to their family benefits and/or carbon tax credits.
Survey: British Columbians struggling to recover financial health in wake of pandemic

Survey: British Columbians struggling to recover financial health in wake of pandemic

A significant proportion of residents are struggling to make ends meet in British Columbia.
S&P/TSX composite down more than 150 points, U.S. stock markets also lower

S&P/TSX composite down more than 150 points, U.S. stock markets also lower

TORONTO — Canada's main stock index was down more than 150 points in late-morning trading as losses in the financial, technology and utility sectors helped lead the way lower and U.S. stock markets also pulled back.
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