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Economy News

Loonie gains nearly a cent on robust domestic jobs report
The Canadian dollar strengthened by nearly a cent against its U.S. counterpart on Friday following a surprisingly robust jobs report for Canada last month and solid U.S. employment figures.
Posted on 11-07-2014 at 10:14 AM
Canada posts second month of big job gains, jobless rate dives
Canada unexpectedly added 43,100 new jobs in October and the unemployment rate dropped to a near six-year low of 6.5 percent from 6.8 percent in September, Statistics Canada data indicated on Friday.
Posted on 11-07-2014 at 8:43 AM
After Poloz comments, Oliver says Canada needs to boost paying jobs for young workers
Finance Minister Joe Oliver said he wants more paid work for unemployed young people, two days after Bank of Canada Governor Stephen Poloz said they should get out of their parents’ basements and seek unpaid positions.
Posted on 11-05-2014 at 7:23 PM
Canada boosts second quarter growth estimate to 3.6% from 3.1%
Canada boosted its second-quarter economic growth estimate to a 3.6 percent annualized pace from 3.1 percent in August.
Posted on 11-05-2014 at 11:13 AM
Kids living in in parents' basements should take unpaid work: Poloz
How bad are things in Canada’s job market? Bank of Canada Governor Stephen Poloz says bad enough for young people to consider working for free.
Posted on 11-04-2014 at 12:14 PM
Bank of Canada’s Poloz defends use of low interest rates
Bank of Canada Governor Stephen Poloz defended the prolonged use of low post-financial-crisis interest rates, reminding them that the alternative would have been much worse.
Posted on 11-03-2014 at 1:23 PM
Canada’s economy shrinks in August
Canada’s gross domestic product unexpectedly fell 0.1 percent in August from July, as the Canadian economy appears to have followed up its strong first half of the year with a summer stall-out.
Posted on 10-31-2014 at 9:31 AM
Poloz says Canada’s economic growth at risk if low oil price persists
Bank of Canada Governor Stephen Poloz says the sudden plunge in the price of crude will knock roughly a quarter percentage-point off economic growth next year.
Posted on 10-30-2014 at 7:26 AM

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