DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Steve Scherer Julie Gordon"


3 mentions found


☆ Recession or not, Canadian employers look to hang onto workers
  + stars: | 2022-11-11 | by ( Steve Scherer Julie Gordon | Steve Scherer | Julie Gordon | ) www.reuters.com   time to read: +4 min
In October, the economy added a net 108,300 jobs, and wages growth climbed to 5.5%, even as the economy began to stall. Up until a few months ago, Kriska's 1,200 employees were too few to keep up with demand, Seymour said. Dennis Darby, who heads Canadian Manufacturers and Exporters business lobby, says there are still some 80,000 vacancies in manufacturing. Reuters GraphicsONE MILLION JOBSCanada has nearly a million open jobs and just over a million unemployed people. As global supply chain bottlenecks dissipate, labor demand will rebound in sectors that have a backlog of orders due to forced production cuts.
☆ Canada's government tosses fiscal hot potato to central bank, analysts say
  + stars: | 2022-11-06 | by ( Steve Scherer Julie Gordon | Steve Scherer | Julie Gordon | ) www.reuters.com   time to read: +3 min
Instead, "the onus is still squarely, fully, 100% on the Bank of Canada to tighten," he said. The BoC's policy rate is seen peaking at 4.5% in early 2023. "I think they're going to struggle to see any improvement in the coming fiscal year," said Doug Porter, chief economist at BMO Capital Markets, adding that the fiscal measures were working at a slight crosscurrent to monetary policy. The fact that Prime Minister Justin Trudeau's government depends on the left-leaning New Democrats to pass legislation like the fiscal update helps explain the new spending, said Jimmy Jean, chief economist at Desjardins. ($1 = 1.3499 Canadian dollars)Reporting by Steve Scherer; Editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.
☆ Canada to update forecasts and fiscal plan as economic downturn looms
  + stars: | 2022-11-03 | by ( Steve Scherer Julie Gordon | Steve Scherer | Julie Gordon | ) www.reuters.com   time to read: +2 min
OTTAWA, Nov 3 (Reuters) - Canada's government will outline its new fiscal forecasts and update its spending plans on Thursday against the backdrop of a stalling economy brought on by a steep rise in interest rates. The financial market turmoil caused by Britain's now-abandoned tax-cut plan, still-high inflation and rising interest rates are reasons for Canada to be very cautious about adding stimulus, analysts said last month. The Liberal government's updated fiscal plans come as the economy is sinking into three quarters of near-zero growth, according to Bank of Canada forecasts, and as the central bank continues its historic tightening campaign. Inflation in Canada has slowed to 6.9% in September from a peak of 8.1% earlier in the year, but core measures remain sticky. "Policy risk is particularly elevated with still-high inflation and an uncertain interest rate path that has markets on edge," said Rebekah Young, an economist at Scotiabank.
0 next >>
Total: 3