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Canadian manufacturing sales top expectations, gain 1.1% in June

Canadian manufacturing sales rose more than expected in June, boosted by a 16 per cent surge in oil and coal shipments. Statistics Canada said Thursday manufacturing sales were up 1.1 per cent to $58.1 billion in June, following a 1.5 per cent increase in May. Economists had expected an increase of 0.9 per cent in […]

Posted on: August 17, 2018

Surge in part-time work in Canada offsets full-time losses as unemployment rate drops to 5.8 per cent

OTTAWA—The economy generated 54,100 net new jobs last month and saw its unemployment rate fall — but the headline improvements overshadowed weaker details: a rush of new part-time, public-sector positions and a drop in full-time work. The overall July increase in jobs pushed the unemployment rate back to its four-decade low of 5.8 per cent, […]

Posted on: August 13, 2018

Canada-Saudi Arabia Feud Could Suck Billions Out Of Canadian Economy

CALGARY — Canada can easily replace the oil it imports from Saudi Arabia should relations with the Middle Eastern kingdom deteriorate to the point that trade in crude is halted, says an energy economist. But this week’s trade tension escalation means Canada will be on the sidelines as the Saudis try to diversify their economy […]

Posted on: August 13, 2018

Canada’s job surge beats expectations, but there is a catch — actually a few

OTTAWA — The economy generated 54,100 net new jobs last month and saw its unemployment rate fall — but the headline improvements overshadowed weaker details: a rush of new part-time, public sector positions and a drop in full-time work. The overall July increase in jobs pushed the unemployment rate back to its four-decade low of […]

Posted on: August 12, 2018