Canada's unemployment rate increased to 6.0% in March, the largest increase in over two years, according to Statistics Canada's labour force survey. The rise was driven by an increase in people searching for work or on temporary layoff. In contrast, the United States reported a lower unemployment rate.
Getting caught up on a week that got away? Here’s your weekly digest of the Globe’s most essential business and investing stories, with insights and analysis from the pros, stock tips, portfolio strategies and more.– the latest sign of a weakening economy. Statistics Canada ’s labour force survey shows the figure is up from 5.8 per cent in February, marking the largest increase in the unemployment rate for the first time in more than two years.
at its plant in Oakville, Ont., by two years until 2027. The factory west of Toronto will still shut down in May for a $1.8-billion EV retooling, which will mean extended layoffs for the majority of its 2,700 workers. The decision comes amid Ottawa and Ontario giving billions in incentives to makers of electric cars and batteries to transform the sector and shift away from the production of gas-powered vehicles, Eric Atkins reports. Ford$22.1-million last year. Mr.
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