Author: admin
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Canada’s unemployment rate rises to 6.7% as economy loses 84,000 jobs
Canada’s unemployment rate rose to 6.7 per cent in February as the economy shed 84,000 jobs in both services-producing and goods-producing industries, Statistics Canada said Friday. Economists had been expecting a gain of 10,000 jobs. Wholesale and retail trade suffered the most job losses, with 18,000 fewer people working in the sector, while “other services” such as personal and repair services lost…
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MDA Space’s U.S. stock market debut could be used as ‘currency’ for future acquisitions, CEO says
Taking on a United States stock ticker will make Canada’s largest space technology company more accessible to American investors and put it in a strong position to pursue acquisitions in the U.S. and Europe, the company’s chief executive said. MDA Space Ltd. made its debut on the New York Stock Exchange (NYSE) on Thursday with a US$300- million initial public…
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Poilievre to focus on trade and auto sector as he launches U.S. trip in Detroit
Canada’s Opposition leader is launching his trip to the U.S. with a stop in Detroit to talk about the automotive industry and cross-border trade, per a press release.
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Posthaste: Here’s one reason why the Bank of Canada could be forced to hike interest rates this year
There’s now a case to be made for an interest rate hike this year, says one economist, as the Bank of Canada gets set to announce its next rate decision on March 18. Governor Tiff Macklem, during the last Bank of Canada rate announcement on Jan. 28, said interest rates were at about the right…
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North Bay, Ont., tenant says he’s worse off after accepting landlord’s $40K offer to move out
After a months-long fight with his landlord, Shannon Lucas accepted a $40,000 payout to move out of the North Bay, Ont., townhouse where he lived for eight years, but says he would give it all back if he could stay.
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Advisories issued with 90 km/h winds possible today, says weather agency
Environment Canada says winds could reach as high as 90 km/h Friday.
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What’s on our radar for March 13
Pierre Poilievre visits Windsor-Detroit on Friday and is expected to focus on the auto sector. Kingsville’s Corbin Watson, who’s Canada’s men’s goalie, looks to backstop the Paralympian hockey team into the Gold Medal game.
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Hellboy fans take note: Canadian piracy police are taking names
Thousands of Canadians who pirated a copy of the movie Hellboy: The Crooked Man can no longer count on internet anonymity to download and share movies for free with impunity. Hellboy Productions, Inc., has argued successfully in Federal Court that Cogeco Connexion Inc., a Canadian broadband business, must hand over the names associated with over…
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Trump has taken to gifting Florsheim shoes to his male colleagues. It seems Marco Rubio’s are too large
U.S. President Donald Trump has developed a penchant for Florsheim shoes, turning the 134-year-old Chicago brand into an unexpected status symbol inside the White House. Trump ‘s fixation on the American men’s shoe brand began late last year, according to Esquire Magazine . And he apparently likes one of their cap-toe Oxford models so much…
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Amid an energy crisis, the world is drawing on its oil reserves. Why doesn’t Canada have any?
Because Canada is a net exporter of oil, it doesn’t need to keep reserves. But some say that rule is outdated, and our at-capacity oil industry can’t do much to help fill the gap created by stalled tanker traffic in the Strait of Hormuz.