Darpan News Desk The Canadian Press, 07 Jul, 2023 09:55 AM
The jobless rate went up for a second month in a row in June.
Statistics Canada reports the rate climbed to 5.4 per cent as the economy added 60-thousand jobs.
R-B-C assistant chief economist Nathan Janzen says the reason the unemployment rate can rise alongside historically strong employment growth is that population growth continues to set new records, including an increase of 84-thousand people in June.
But forecasters are still expecting the Bank of Canada will raise interest rates at its next decision on Wednesday.
People with two doses of a vaccine should no longer be considered "fully vaccinated" when that leaves others vulnerable to reinfection with COVID-19, as seen in jurisdictions like England, she said.
The promised new aid is contained in the Liberal government’s latest federal budget plan, which paints a gloomy picture for Canada’s economy should the war in Ukraine drag on, including even higher fuel prices and supply-chain problems.
Freeland has committed to doubling the number of homes built each year over the next decade to about 400,000 to help meet the 3.5 million homes the government estimates are needed by 2031, but the plans rely heavily on co-operation with other levels of government and the private sector.
The scheme laid out in the budget is a major tenet of the Liberal’s confidence and supply agreement with the NDP to keep the government in power until 2025. The budget closely mirrors the opposition party’s costed platform proposal from the 2021 election, though details about how it will work are still sparse.
Ravi Kahlon, minister of jobs, economic recovery and innovation, says the university is among those to get $1.2 million in funding that will be used to help build a 783-bed housing and dining facility set to open in September.
A Health Ministry bulletin says the weekly reports will focus on identifying meaningful changes in key COVID-19 measurements and trends over time. It also says that reporting on deaths is changing to count all deaths that occurred within 30 days of the person's positive lab result, regardless of whether the underlying cause of death was found to be linked to COVID-19.
