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Electrical

Canadian economy bled 66,000 jobs in August as unemployment rate at its highest since ‘pandemic days’

[published_date] Canada's unemployment rate reached nearly its highest point since 2016 as the economy shed 66,000 jobs in August, according to new data from Statistics Canada. The unemployment rate rose 0.2 percentage points in August to 7.1 per cent, a level last seen in May 2016 if the COVID-19 years of 2020 and 2021 were excluded, the data…

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U.S. labour market weakens with little job growth and rising unemployment

[published_date] U.S. job growth weakened sharply in August while the unemployment rate increased to nearly a four-year high of 4.3 per cent, confirming that labour market conditions were softening and sealing the case for an interest rate cut from the Federal Reserve this month. The Labour Department's closely watched employment report on Friday also showed that the economy lost jobs…

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Canadian economy bled 66,000 jobs in August as unemployment rate hit its highest since ‘pandemic days’

[published_date] Canada's unemployment rate reached nearly its highest point since 2016 as the economy shed 66,000 jobs in August, according to new data from Statistics Canada. The unemployment rate rose 0.2 percentage points in August to 7.1 per cent, a level last seen in May 2016 if the COVID-19 years of 2020 and 2021 were excluded, the data…

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Lululemon says U.S. tariffs taking a bite, but also some of its athleisure wear became ‘too predictable’

[published_date] Lululemon Athletica shares have plunged after it said it was slashing its annual profit forecast for the second quarter in a row, blaming weak U.S. business performance, as well as tariff costs. Shares of the Vancouver-based yogawear and clothing retailer maker, which also cut its annual sales forecast, were down about 17 per cent ahead of Friday's NASDAQ…

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Is remote work gone for good? More Canadians are commuting — whether they want to or not

[published_date] First, they forced office workers to stay home, and we became acquainted with Google Teams, comfortably, in athleisure wear. Then they told some of us to come back, but only sometimes, and we had to remember how to wear pants just to have Teams meetings in half-empty offices. Now, some employers in both the private and public sector…

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Chinese-backed hackers ‘almost certainly’ targeted Canada during theft of millions of Americans’ data

[published_date] A Chinese hacking group that may have stolen information from nearly every American "almost certainly" targeted a Canadian telecommunications company as well, according to a warning from Canada's cyber intelligence agency. The prowess of the Beijing-backed group often referred to as Salt Typhoon is back in the news after more than a dozen international government agencies…

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B.C. premier wants temporary foreign worker program cancelled or reformed

[published_date] In a surprise statement, Premier David Eby called for the end of Canada's temporary foreign worker (TFW) program — blaming Ottawa's flawed immigration policies for filling up homeless shelters and food banks.  "The temporary foreign worker program is not working. It should be cancelled or significantly reformed," Eby said during an unrelated announcement in Surrey,…

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A decade after the gripping 2015 playoff run, Blue Jays great Bautista sees similarities with 2025 team

[published_date] Ten years after the Toronto Blue Jays' long-awaited post-season return gripped a nation, club legend José Bautista sees similarities between that team and the 2025 installment. In Toronto on Thursday to debut his Dominican coffee brand Bella Aldea, Bautista noticed a familiar buzz coalescing in town. The vaunted slugger, who ranks second in franchise…

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