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Economy News

Canada adds 42,000 jobs in revised Statscan report

The Canadian economy created 42,000 jobs in July – not 200 as mistakenly reported last week by Statistics Canada – as revised numbers beat market expectations.

Posted on 8-15-2014 at 6:31 AM

Biggest profit for Canadian companies in three years set to spark the economy

Canadian companies are posting their best profit in three years, fueling hopes business spending will soon give a jolt to lackluster economic growth.

Posted on 8-15-2014 at 12:00 AM
EI claims on hold while Statscan fixes jobs report error

EI claims on hold while Statscan fixes jobs report error

Federal officials responsible for Employment Insurance are putting new claims on hold this week as they wait for Statistics Canada to fix a mistake in its monthly jobs report.

Posted on 8-13-2014 at 2:30 PM

‘Prudent’ new spending will be in next budget, Finance Minister Joe Oliver says

Tax cuts and new spending will be part of the Conservative government’s next budget, but Finance Minister Joe Oliver is cautioning Canadians not to expect too much given the small size of...

Posted on 8-12-2014 at 2:02 PM

Employment data doesn’t support Canadian dollar bullishness: Andrew McCreath

The employment trend is clearly not your friend if you have a positive outlook on the Canadian economy.

Posted on 8-11-2014 at 11:52 AM
Top Canada finance official quits for private sector: sources

Top Canada finance official quits for private sector: sources

Jean Boivin, the Canadian Finance Ministry's second most powerful official and who has been seen as a potential candidate to head the Bank of Canada one day, is unexpectedly quitting to...

Posted on 8-08-2014 at 2:41 PM

Jobless rate falls to 7% as people leave labour market

Canadians leaving the labour market last month cut the country’s unemployment rate to 7.0 percent.

Posted on 8-08-2014 at 9:02 AM
Sun Life Financial profit rises on stronger asset management

Sun Life Financial profit rises on stronger asset management

Sun Life Financial, Canada's No. 3 life insurer, said on Wednesday its second-quarter net income rose 6.5 percent, helped by stronger profit at its MFS asset management unit.

Posted on 8-06-2014 at 6:03 PM

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