• News
  • Science

Canada sheds 88000 jobs in January, biggest decline since 2009

Canada sheds 88000 jobs in January, biggest decline since 2009

To partially offset the declines, Statistics Canada said the economy added 49,000 full-time positions last month.

The largest decline in jobs came out of Ontario and Quebec.

Ontario's unemployment rate was 5.5 per cent in January.

The wage improvements in January arrived the same month that saw Ontario take the controversial step of raising its minimum wage.

While the unemployment rate increased to 5.9 per cent in January, it's still near its record low of 5.8 per cent and the faster wage gains may give policy makers at the Bank of Canada more fodder to worry about inflation.

Despite Canada's healthy economic performance previous year, Alexander said the surprising pace of job creation had been stronger than the other data. "But the details also looking wonky, with all of the job losses in part-time work". "But Ontario employs 40 per cent of Canadians", she said.

"The June quarter survey showed zero employment growth and a drop in the participation rate, followed by a surge in both measures in the September quarter", he said.

It triggered a backlash among much of the business community, which is dealing with rising interest rates, stricter mortgage rules and uncertain trade relations with the United States and Mexico.

Nationally, 2018 got off to a bad start as the Canadian economy lost 88,000 jobs and the jobless rate rose from 5.8 per cent to 5.9 per cent.

Statistics Canada cautions against month-to-month comparisons of the Medicine Hat unemployment rate, due to the small sample size.

The higher minimum rate could have underpinned Canada's stronger wage growth.

But the labor force grew by 1,400 which pushed up the unemployment rate.

The jobless figure fell by more than half a per cent in Quebec City to 3.3 per cent. Compared with the year before, average hourly wages for permanent employees expanded 3.3 per cent.

Overall, the latest labour market data "bring the job market back down to Earth, and reinforces the view that the Bank of Canada will proceed ultra-cautiously through the rest of this year", Porter wrote.

Leave Your Comment

Leave Your Comment


Latest News

  • Colts plan to interview Frank Reich, Dan Campbell

    Colts plan to interview Frank Reich, Dan Campbell

    Reich, who is slated to be at the Eagles' Super Bowl parade on that day, is scheduled for an interview on Friday. Campbell, 41, would replace Chuck Pagano, who was sacked by the Colts in December.
    Zindine Zidane hits back at Cristiano Ronaldo doubters

    Zindine Zidane hits back at Cristiano Ronaldo doubters

    There have been some times this season when he hasn't been able to get on the scoresheet but he is there when needed. And that could see PSG attempt to get the World Cup victor in despite beating him with Real.
    Bangladesh Opposition Leader Khaleda Zia awarded 5 years imprisonment

    Bangladesh Opposition Leader Khaleda Zia awarded 5 years imprisonment

    The renewed tension between them raises the spectre of a long, destabilising spell of unrest for Bangladesh and its economy. Last month prosecutors sought the death penalty over his alleged role in a deadly 2004 grenade attack that injured Hasina.
  • PM Modi Jordan, Jordan King Abdullah II agree to boost bilateral ties

    PM Modi Jordan, Jordan King Abdullah II agree to boost bilateral ties

    The Gulf is home to nine million Indians who remit $35 billion (£25.1 billion) home each year, sustaining millions of families. He would also interact with leading businesspersons of Oman on developing stronger economic and business links with India.
    Authorities say multiple officers shot south of Atlanta

    Authorities say multiple officers shot south of Atlanta

    "They notified radio and a Locust Grove city police officer came to be a backup for them", McBrayer said during a news briefing . Locust Grove Elementary School, which was nearby, was put on lockdown during the response to the incident.
    IPhone Secret Code Revealed In 'Biggest Leak In History'

    IPhone Secret Code Revealed In 'Biggest Leak In History'

    It starts its process and verifies that the kernel is properly signed by Apple , at which point it executes the bootup process. The development is extremely serious, as iBoot is a critical component of the iPad and iPhone's operating system.
  • First 'Venom' teaser trailer shows Tom Hardy as Eddie Brock

    First 'Venom' teaser trailer shows Tom Hardy as Eddie Brock

    Venom is distributed in the Philippines by Columbia Pictures, local office of Sony Pictures Releasing International. Carlton Drake, Jenny Slate as Dora Skirth, Scott Haze as Roland Treece and Woody Harrelson in an undisclosed role.

    What's Transpiring With Shares of Take-Two Interactive Software, Inc. (NasdaqGS:TTWO)?

    Waratah Capital Advisors Ltd sold 2,829 shares as the company's stock declined 0.39% while stock markets rallied. (NASDAQ: TTWO ). Understanding how the stock market functions can help the investor gain the confidence to start conquering the terrain.
    Qualcomm rejects Broadcom's increased offer of $121 billion United States dollars

    Qualcomm rejects Broadcom's increased offer of $121 billion United States dollars

    That cash influx fuels industry-leading research and design, which in turn helps the chip unit build the most advanced products. Last weeks offer of $82 per share, $ 121 billion in total was declined today in a statement on the chipset companys website .
  • Egyptian police foil terrorist attack, kill three

    Egyptian police foil terrorist attack, kill three

    The navy was boosting security at maritime borders "to cut off the influx of terrorists", he added. IS attacks have killed hundreds of soldiers and police and has also included civilian targets.
    How Apple's HomePod compares to the competition

    How Apple's HomePod compares to the competition

    That's because unlike Sonos products, the Homepod only natively integrates with Apple Music, and no third-party music service. More than 16% of iPhone users were strongly compelled to purchase an Echo device over a HomePod.
    Sensex Jumps 330 Points; Nifty Ends At 10576

    Sensex Jumps 330 Points; Nifty Ends At 10576

    MSCI's broadest index of Asia-Pacific shares outside Japan was little changed as US bond yields crept up towards four-year highs. The country's largest carmaker today launched the all-new version of its popular hatchback Swift.
  • Senior Oxfam staff took part in

    Senior Oxfam staff took part in "Caligula-style" orgy

    One includes country director Roland Van Hauwermeiren, who allegedly used prostitutes in a villa rented for him by Oxfam. The charity denies this, and says it disclosed sexual misconduct to the charities regulator.
    Arsenal could rival Chelsea for Luis Enrique

    Arsenal could rival Chelsea for Luis Enrique

    The ex-Bayern Munich club enjoyed a strong debut season for the Blues after winning the league, much like compatriot Conte had. But Chelsea don't care, they will move on and they know they can bring another manager in who will be just as successful.
    Black Panther's Rotten Tomatoes score is a ideal  100

    Black Panther's Rotten Tomatoes score is a ideal 100

    She goes out into the world to places like Korea. "They have a history but she is a reliable ear for him". Only a true visit to Wakanda will tell, which can only happen when the film comes out on February 16.
  • Turkey bombs US-backed militants in northern Syria

    Turkey bombs US-backed militants in northern Syria

    The Turks were given authority under a ceasefire deal agreed a year ago with... We've got more newsletters we think you'll find interesting.
    Boy with Down's Syndrome becomes face of United States  baby food giant Gerber

    Boy with Down's Syndrome becomes face of United States baby food giant Gerber

    His parents entered him in Gerber's Spokesbaby contest after a relative pointed out an ad looking for submissions. Since 2010, the company has held a contest to choose a baby to be the face of the brand for the year.
    Eddie Jones Attempts To Rattle Rhys Patchell Ahead Of Six Nations Clash

    Eddie Jones Attempts To Rattle Rhys Patchell Ahead Of Six Nations Clash

    He won't let Alun Wyn Jones referee the game". "They had nothing to lose, and they played with a great freedom [last weekend]". When Wales head for Twickenham the odds on a passive, entirely silent pre-match buildup usually range between slim and none.

Breaking News



Recommended

Some New Pokemon Are Flying Into Pokemon Go Very Soon

Reports suggest it will contain a multi-quest system, complete with a greater emphasis on supporting characters and story. The new Hoenn Region Pokemon won't just be appearing in the wild encounters, but also in Eggs and Raid battles.

Porter's friend 'actively working to quell' background check issues — Email to Federal Bureau of Investigation

The official disputed the assertion that Kelly knew all of these details for months, though other sources told CNN he was aware. The aide's application for a permanent clearance had been held up while the FBI investigated the abuse allegation.

Mauricio Pochettino says Tottenham feel at home at Wembley

The time to worry about who might or might not be fit for the Juventus tie is after the Arsenal game has been won, not before it. Arsenal must secure three points over Spurs if they are to close the gap on their London rivals in the meeting at Wembley.

In Breakthrough, Scientists Grow Human Eggs to Maturity

According to experts, this is an exciting breakthrough but much work is needed before it could be used clinically. The final stage of maturity is necessary for fertilization, and before now has never been reached in a lab.

Last 2 Members of Daesh 'Beatles' Execution Cell Captured in Syria

And he characterized their capture as "certainly a big deal for America" as well as the families of the people the two men killed. The detention of Kotey and Elsheikh will end a yearslong manhunt by British intelligence and security agencies, as well as a U.S.

CCI imposes Rs 136 cr fine on Google

The penalty is said to be 5% of the total revenue generated by the company from its operations in India via different segments. Meanwhile, a Google spokesperson said: "We have always focused on innovating to support the evolving needs of our users".

No. 3 Official at the Justice Department Is Stepping Down

Her departure could impact the future of the Russian Federation investigation overseen by Special Counsel Robert Mueller . The source said Brand, who was sworn in last May, has been in talks about becoming the top lawyer at Walmart.

5 keys to Team USA men's hockey winning Olympic Gold

But I think we'll be more ready, ready to compete as much as necessary". "The only games that matter are the ones that lie ahead". Burke said the stories behind the players who are seizing the moment to play in the Olympics will also be a draw to fans.

Retailers to endure 20% rise in costs post-Brexit according to government

Now the facts are known, the people are entitled to a vote on the deal and a chance to exit from Brexit". Leaving the bloc with no deal would result in a 16% dip for the region's economy.

Eastern Carolina school superintendent, family on derailed Amtrak train

Many passengers were asleep with the train began shaking violently and then slammed to a halt, passenger Derek Pettaway told CBS. Amtrak officials gathered up luggage and other belongings and within hours put passengers aboard buses to their destinations.