OTTAWA – A rise in the unemployment rate in August, coming on the heels of job losses over the last few months, suggests the economy is beginning to slow amid rising interest rates. The unemployment rate was 5.4 per cent in August, ticking up for the first time in seven months, Statistics Canada reported in
Canada posts 40,000 job losses in AugustCanada shed 40,000 more jobs in August as rising interest rates cool the economy.Canada’s economy lost 40,000 jobs in August, enough to push up the jobless rate by half a percentage point, to 5.4 per cent, Statistics Canada reported Friday.Economists had been expecting the economy to add between 10,000
Pedestrians pass a ‘now hiring’ sign on Toronto’s Yonge Street.Deborah Baic/The Globe and MailCanada’s unemployment rate shot up in August as the economy shed jobs for a third consecutive month, the latest sign of a chill spreading through the labour market.Employment fell by 40,000 in August, taking total losses since May to 114,000, Statistics Canada
Nearly one million people in Canada are expected to have dementia by 2030, an increase of more than 65 per cent from 2020, according to the projections of a new report from the Alzheimer Society of Canada.And unless measures are taken to reduce the risks and delay the onset of the condition, close to 1.4