Tuesday, June 11, 2024
ADVT 
National

Despite jarring jobs numbers, Canada, U.S. charting different courses

Darpan News Desk The Canadian Press, 08 May, 2020 08:15 PM
  • Despite jarring jobs numbers, Canada, U.S. charting different courses

Prime Minister Justin Trudeau says it's a fundamental principle of life in Canada that no one should have to go to work if they don't feel safe doing so. Trudeau made the comments today as the country confronted some of the worst unemployment numbers in history — nearly two million jobs lost last month and an unemployment rate of 13 per cent.

The jobs data in the United States was even more breathtaking: the Labor Department reported more than 20 million people lost work in April, pushing the jobless rate to 14.7 per cent.

And yet the clamour in the U.S. to reopen the economy has been muted north of the border, a difference Deputy Prime Minister Chrystia Freeland attributes to "smart" and "sensible" Canadians who understand the importance of a cautious, careful approach.

Freeland says the latest jobs numbers show the magnitude of the sacrifice Canadians have made so far, and the importance of making sure that sacrifice wasn't in vain.

At the White House, meanwhile, press secretary Kayleigh McEnany is crediting President Donald Trump with creating what she calls the "hottest economy in modern history," a feat he intends to repeat.

MORE National ARTICLES

Real estate firm Colliers International says about one in five surveyed commercial tenants requested April rent relief as the COVID-19 shutdown hits business activity

Real estate firm Colliers International says about one in five surveyed commercial tenants requested April rent relief as the COVID-19 shutdown hits business activity
Real estate firm Colliers International says about one in five commercial tenants surveyed requested April rent relief as the COVID-19 shutdown hit business activity. The company says that 21 per cent of the 7,100 retail, industrial, and office tenants in its managed portfolio across Canada requested relief, and close to half of that share indicated they could not afford to make their rent payment.

Real estate firm Colliers International says about one in five surveyed commercial tenants requested April rent relief as the COVID-19 shutdown hits business activity

Teachers in B.C. agree to new contract with provincial government

Teachers in B.C. agree to new contract with provincial government
B.C. teachers have voted to approve a new, three-year collective agreement with the provincial government. The deal with the B.C. Public School Employers' Association includes general wage increases of two per cent every year along with a mediated process on how to better support negotiations in the future.

Teachers in B.C. agree to new contract with provincial government

B.C.'s $1,000 worker benefit online today

B.C.'s $1,000 worker benefit online today
Finance Minister Carole James says thousands of people applied for British Columbia's $1,000 tax-free emergency benefit in the first minutes of the program going online today.

B.C.'s $1,000 worker benefit online today

Vancouver police are reporting a spike for April in anti-Asian hate-motivated incidents

Vancouver police are reporting a spike for April in anti-Asian hate-motivated incidents
Vancouver police are reporting an increase in anti-Asian, hate-motivated incidents in recent weeks. The department makes the announcement as it seeks public help to identify a man seen scrawling graffiti on several large windows at the Chinese Cultural Centre on April 2. 

Vancouver police are reporting a spike for April in anti-Asian hate-motivated incidents

C.D. Howe's Business Cycle Council says Canada has entered a recession

C.D. Howe's Business Cycle Council says Canada has entered a recession
Canada has officially entered a recession due to the economic devastation caused by the COVID-19 pandemic, the C.D. Howe Institute's Business Cycle Council declared Friday.

C.D. Howe's Business Cycle Council says Canada has entered a recession

Tiff Macklem new Bank of Canada governor

Tiff Macklem new Bank of Canada governor
Tiff Macklem, a former second-in-command at the Bank of Canada, is returning to the central bank to take over the top job at a moment that he says cries out for bold, unprecedented responses to the economic crisis fuelled by COVID-19. 

Tiff Macklem new Bank of Canada governor