Tag Archives: Canada

Former PM Jean Chrétien to meet with Vladimir Putin in Moscow

By STEVEN CHASEThe Globe and Mail

OTTAWA – Former prime minister Jean Chrétien is meeting with Russian President Vladimir Putin next week, a tête-à-tête that comes even as relations between Ottawa and Moscow are severely strained over the invasion of Ukraine.

The former Liberal leader, whose law firm, Dentons, has an office in Moscow, is expected to meet Mr. Putin on Thursday in the Russian capital and discuss the current state of relations between his country and the West.

Read more » The Globe And Mail
See more » http://www.theglobeandmail.com/news/politics/former-pm-jean-chretien-to-meet-with-vladimir-putin-in-moscow/article24124208/

Toyota to move Corolla production from Canada to Mexico to cut costs

Toyota to move Corolla production to Mexico to cut costs

(Reuters) – Toyota Motor Corp 7203.T, the world’s biggest automaker, plans to move production of its Corolla compact cars to a new factory in Mexico from Canada to benefit from lower costs, the Globe and Mail reported, citing sources familiar with the situation.

Costs at Toyota’s assembly plants at Cambridge and Woodstock in Ontario are higher than at its U.S. factories and it makes sense to produce the more expensive vehicles in Canada, the newspaper quoted sources familiar with the matter as saying.

Sources told Reuters that Toyota will spend $1 billion to build a car factory in Mexico, which is expected to begin functioning from the summer of 2019, ending a self-imposed three-year freeze on new investments. Toyota also plans to announce a new car factory in Guangzhou, China, this week.

Continue reading Toyota to move Corolla production from Canada to Mexico to cut costs

Poloz reiterates bright outlook as Bank of Canada holds key rate

BY BARRIE MCKENNAThe Globe and Mail

OTTAWA — Bank of Canada Governor Stephen Poloz says there’s a brighter future ahead if people can look beyond an economy that’s teetering on the brink of outright contraction.

The central bank kept its key overnight lending rate unchanged Wednesday at 0.75 per cent, even as it released a new forecast showing Canada’s oil-dependent economy stalled and likely didn’t grow at all in the first three months of the year.

The no-growth forecast is a sharp downgrade from the 1.5-per-cent annual growth rate the bank predicted just three months ago, when Mr. Poloz rattled financial markets with a surprise quarter-percentage-point rate cut.

But Mr. Poloz insisted the economy would snap back in the second half of the year as the shock of the oil price collapse fades – optimism that suggests more interest rate relief likely won’t be needed.

“By the middle of the year we should be seeing only the good stuff,” Mr. Poloz told reporters in Ottawa.

The Canadian dollar rebounded, gaining 1.2 cents to 81.30 cents (U.S.), as investors bet that Mr. Poloz’s upbeat tone makes another rate cut this year less likely.

Some analysts aren’t convinced Mr. Poloz is right. He got the first quarter wrong and now he’s overoptimistic about what the rest of the year will bring, said Ben Homsy, a fixed-income analyst at Leith Wheeler Investment Counsel in Vancouver.

“The impact from low oil prices on the Canadian economy is not a one-quarter event,” Mr. Homsy said. “We’ll see that reverberate through the second and third quarters.”

He pointed out that dismal factory sales, which fell for a second consecutive month in February, suggest the lower Canadian dollar isn’t yet helping non-energy exporters.

Read more » The Globe and Mail
See more » http://www.theglobeandmail.com/report-on-business/economy/bank-of-canada-cuts-outlook/article23965431/

Paul Martin blasts Conservative economic plan ahead of budget

By Evan Solomon, CBC News

Dismissing the Conservative economic plan as “an absolute disgrace” and “nonsensical,” former Liberal prime minister Paul Martin has leapt into the debate over Finance Minister Joe Oliver’s newly announced April 21 budget.

In an interview on CBC Radio’s The House, Martin told host Evan Solomon Canada is facing a “very serious” economic situation and he accused the government of doing nothing about it.

“[The government] is not doing the right things now and we have not been doing the right things for the last decade,” Martin said.

Taking a cue from Bank of Canada Governor Stephen Poloz, who suddenly cut Canada’s key interest rate by a quarter of a percentage point to 0.75 per cent and said recently the first quarter results in Canada will be “atrocious,” Martin called on Joe Oliver to kick start a fiscal stimulus program.

“Fiscal policy and monetary policy have to work hand in hand, they cannot contradict each other,” Martin said. “If the governor of the central bank is talking about the need for monetary stimulus, he also understands there has to be changes made in the [fiscal policy] and those changes have to be investments.”

Read more » CBC
See more » http://www.cbc.ca/news/politics/paul-martin-blasts-conservative-economic-plan-ahead-of-budget-1.3020162

Amazon tests delivery drones at secret Canada site after US frustration

Exclusive: Guardian gains access to unnamed British Columbia site where tech giant’s roboticists and engineers, stymied by American regulation, are now developing their unmanned domestic delivery service

By  in British Columbia

Amazon is testing its drone delivery service at a secret site in Canada, followingrepeated warnings by the e-commerce giant that it would go outside the US to bypass what it sees as the US federal government’s lethargic approach to the new technology.

The largest internet retailer in the world is keeping the location of its new test site closely guarded. What can be revealed is that the company’s formidable team of roboticists, software engineers, aeronautics experts and pioneers in remote sensing – including a former Nasa astronaut and the designer of the wingtip of the Boeing 787 – are now operating in British Columbia.

The end goal is to utilise what Amazon sees as a slice of virgin airspace – above 200ft, where most buildings end, and below 500ft, where general aviation begins. Into that aerial slice the company plans to pour highly autonomous drones of less than 55lbs, flying through corridors 10 miles or longer at 50mph and carrying payloads of up to 5lbs that account for 86% of all the company’s packages.

Amazon has acquired a plot of open land lined by oak trees and firs, where it is conducting frequent experimental flights with the full blessing of the Canadian government. As if to underline the significance of the move, the test site is barely 2,000ft from the US border, which was clearly visible from where the Guardian stood on a recent visit.

The Guardian was invited to visit Amazon’s previously undisclosed Canadian drone test site, where it has been conducting outdoor flights for the past few months. For the duration of the visit, three plain-clothed security guards kept watch from the surrounding hills.

Amazon’s drone visionaries are taking the permissive culture on the Canadian side of the border and using it to fine-tune the essential features of what they hope will become a successful delivery-by-drone system. The Guardian witnessed tests of a hybrid drone that can take off and land vertically as well as fly horizontally.

Read more » the Guardian
See more » http://www.theguardian.com/technology/2015/mar/30/amazon-tests-drones-secret-site-canada-us-faa

Canadians increasingly cynical about state of democracy: Hepburn

Voters are losing trust in the way Canada’s democracy works.

By:

EDMONTON—In findings that should disturb every politician across the country, a series of new national surveys suggest record numbers of Canadians are fed up with the state of our democracy.

Worse for elected leaders, more and more Canadians believe that politicians, regardless of their party affiliation, don’t listen to them, don’t care about the issues that really concern them and aren’t willing to act to preserve and improve our democratic institutions and traditions.

Indeed, the surveys indicate Canadians are more cynical now than at any time in recent history about politicians and how our democracy is working.

“There is an eroding confidence in government, in our political institutions,” pollster Keith Neuman of the Environics Institute said at a conference in Edmonton last week sponsored by the Montreal-based Trudeau Foundation.

The conference — entitled “The Common Good: Who Decides?” — attracted 350 participants, including politicians, government bureaucrats, academics and public policy experts.

Neuman told the delegates that growing numbers of Canadians are disillusioned with elected officials and have now turned to supporting grassroots citizen actions, such as the last fall’s Occupy Movement, the B.C. referendum on the HST and this summer’s Quebec student protests, as a way to make their voices heard.

On the eve of the conference, the Trudeau Foundation released a survey by the Environics Institute that indicated Canadians are placing less confidence in the ability of politicians to solve the country’s problems and balance competing interests when there are big differences on key issues.

Importantly, almost as many people (39 per cent) said they place greater faith in citizens taking grassroots actions through protests and other means as the best way to get action as those who said they still have confidence in politicians (45 per cent) to settle issues with competing interests.

Another survey released two weeks earlier by the Environics Institute found “clear evidence” of a decline in approval of political institutions since a similar poll in 2006.

The AmericasBarometer, which examined public opinion relating to democracy in Canada and 25 other countries in North and South America, indicated trust in Parliament and our politicians is at abysmally low levels.

Only 17 per cent of Canadians trust Parliament and only 10 per cent trust political parties.

A third poll, which is to be released on Dec. 3 by Samara, a non-profit group devoted to promoting citizen engagement, is expected to reinforce the view that the level of Canadians’ satisfaction with our democracy and in particular with our elected politicians is in free fall.

Continue reading Canadians increasingly cynical about state of democracy: Hepburn

Toronto becomes first renminbi (Yuan) trading hub in North America

Direct exchange hub could smooth way for businessess doing deals in China

By Pete Evans, CBC News

After stock markets closed on Monday, Toronto became the first trading hub in North America for China’s currency, known as the renminbi or yuan.

Chinese government dignitaries, Federal Finance Minister Joe Oliver and his Ontario compatriot Charles Sousa attended a ceremony in Toronto Monday evening to formally announce the first conversion from yuan to Canadian dollars.

The announcement makes Toronto the first such trading hub in the Americas that has permission to be a clearinghouse for Chinese renminbi (which means “people’s money” in Chinese). There are currently only a handful of such hubs outside China, including Paris, London, Moscow, Singapore, Tokyo, Seoul and Sydney, Australia.

In practical terms, such hubs make it easier to do business with China because without one, Chinese money has to first be converted into a currency like the U.S. dollar before being again converted into loonies to make investments here, or even pay for supplies.

“What the hub does is it provides the potential to get a good price,” says David Watt, the chief economist of HSBC. “It sets up a way for Canadian businesses to call their local banker and say “we’ve got a deal to import Chinese material and we’d like to pay for it in RMB not U.S. dollars.”

The hub eventually will allow people on both sides to take out that middle man and convert renminbi directly into Canadian dollars and vice versa. “It should give Canadian businesses the confidence to increase trade.”

Read more » CBC
See more » http://www.cbc.ca/news/business/toronto-becomes-first-renminbi-trading-hub-in-north-america-1.3005726

Electric car buyers get $5K rebate under new B.C. government incentive

e-carProvincial government is introducing new rebate program for clean energy vehicles

People who buy a clean energy vehicle — including some electric vehicles and hydrogen fuel cell vehicles — after April 1, 2015 will be eligible for a rebate of up to $6,000, the B.C. government announced Monday.

The incentive program will provide B.C. residents with up to $5,000 off the pre-tax sticker price for new battery electric, fuel-cell electric, and plug-in hybrid electric vehicles and up to $6,000 for a hydrogen fuel cell vehicle, said a release from the New Car Dealers Association of British Columbia.

The announcement expands on a rebate program that expired last year, and comes one week after Scrap-It, a non-profit society, offered British Columbians a $3,250 rebate to trade in old vehicles for electric cars.

“With transportation representing 37 per cent of total provincial greenhouse gas emissions, clean energy vehicles are essential to reducing emissions and maintaining healthy air quality,” B.C. Environment Minister Mary Polak said in a government release.

Read more » CBC
See more » http://www.cbc.ca/news/canada/british-columbia/electric-car-buyers-get-5k-rebate-under-new-b-c-government-incentive-1.3005979

Peter Zeihan says Alberta would be better off as 51st U.S. state

American author of The Accidental Superpower argues provinc  should join America

By CBC News

Western separatism is an old theme in Alberta, but Peter Zeihan is bringing it back into the spotlight.

Zeihan’s new book is mostly about the United States and its place in the world, but he’s dedicated an entire chapter to Alberta.

It’s there that he lays out the economic case for why Wild Rose Country should bid farewell to Confederation [Canada] and join the United States. 

“Alberta as a U.S. state would not simply be rich — the richest in the Union, in fact — but would have a vibrantly well-financed and diverse economy that would put its former (and a lot of its new-found) countrymen to shame,” writes the American author in The Accidental Superpower.

”Alberta as a U.S. state would not simply be rich — the richest in the Union, in fact — but would have a vibrantly well-financed and diverse economy.’ – Peter Zeihan, The Accidental Superpower

He argues that demographics are another reason why Alberta should jump ship.”Alberta produces more energy than the rest of Canada put together, their primary export market is the United States and a merger would eliminate everything from tax liabilities to foreign currency fluctuations,” said Zeihan.

Zeihan says the province is a lot younger than the rest of Canada and as a wave of baby boomers starts to retire, the rest of the country will become increasingly dependent on Alberta.

“As the price of that retiree bulge rises, and it’s already pushing the Canadian budget to the limit, there is really only one place that Canadians can tax to fund their retiree system that they have promised their citizens. And that is Alberta,” said Zeihan.

Zeihan says if Alberta ever did choose to go out on its own, he suspects Canada’s second richest province — Saskatchewan — would follow.

Courtesy: CBC
Read more » http://www.cbc.ca/news/canada/calgary/peter-zeihan-says-alberta-would-be-better-off-as-51st-u-s-state-1.2998453

Refugees pay more income tax than millionaire investor immigrants

Only 39% of investor immigrants paid any income tax 5 years after arriving

By CBC News

Refugees who have come to Canada over the past 30 years have paid more income tax in this country than immigrant investors admitted under the now defunct immigrant investor program, critics say.

Ian Young, a South China Morning Post journalist based in Vancouver, crunched the numbers with data from Citizenship and Immigration Canada.

Canada seeks 50 millionaire immigrant investors under pilot program

Only a small proportion of the immigrant investors who have come to Canada under the program since 1980 end up staying here, Young said, again relying on numbers from the federal government.

“After five years, only 39 per cent of investor immigrants declared any income. Not only that, those who did, their average incomes were very low,” he said in an interview with CBC Radio’s The Current on Friday.

Not much Canadian income

They may have been millionaires, but they were earning very little money here in Canada. Immigrant investors declared about $18,000 to $25,000 of income annually, he said.

“Why? Either because they were living off existing wealth, or they weren’t declaring their [global] incomes,” Young said.

Read more » CBC
See more » http://www.cbc.ca/news/business/refugees-pay-more-income-tax-than-millionaire-investor-immigrants-1.2984982?cmp=rss

White House Says Obama Would Veto Keystone Pipeline Bill

By Coral Davenport

President Obama will veto a bill authorizing the construction of the Keystone XL oil pipeline if it passes Congress, his spokesman said on Tuesday, setting up a clash between the White House and the new Republican-led Congress.

“I would not anticipate that the president would sign this legislation,” Josh Earnest, the White House press secretary, said during a briefing. He later clarified that the president would indeed veto the bill.

The Keystone bill was the first introduced in the Senate in the new Congress, and Senator Mitch McConnell of Kentucky, the new majority leader, has vowed to make it the first measure sent to the president’s desk. The House is expected to pass the bill on Friday, while the Senate is expected to take up the measure next week.

It was widely expected that Mr. Obama would veto the measure. As written, the bill would remove the requirement that the president authorize the construction of the oil pipeline to Canada, and instead give that authority to Congress. Mr. Obama issued a veto threat to a similar bill passed by the House in 2013.

News courtesy » The New York Times »» FirstDraft
Learn more » http://www.nytimes.com/politics/first-draft/2015/01/06/?entry=7990&action=click&contentCollection=Personal%20Tech&region=Footer&module=TopNews&pgtype=article

– – – – – –
More » via Twitter » Sanders Statement on Tar Sands Pipeline Veto Threat
See more » http://www.sanders.senate.gov/newsroom/press-releases/sanders-statement-on-tar-sands-pipeline-veto-threat

Canada condemns ‘sinister’ terrorist attack on Pakistani school

By Mike Blanchfield, The Canadian Press

The burned-out buildings dotted the landscape of Pakistan’s Taliban-controlled Swat Valley as veteran Canadian aid worker David Morley drove the bumpy roads with a local aid worker more than three years ago.

“This used to be a boys’ school, that used to be a girls’ school, that used to be a clinic,” Morley recalled his Pakistani colleague telling him.

“What’s he going to be thinking today?”

‘I think it is beyond our comprehension why somebody would target children’ -Prime Minister Stephen Harper

Morley, the head of the United Nations Children’s Fund (UNICEF) in Canada, did not mince words Tuesday as news emerged of the suicide attack that killed at least 141 people — the vast majority of them children — at a school in Peshawar, the Pakistani city abutting the Khyber Pass leading to Afghanistan.

“This is a crime against humanity and it’s against civilized norms because we want to nurture and care for our children,” Morley said in an interview.

“We want them to learn and educate, and this is heinous act against all of those norms.”

The attack sparked similar condemnation in Canada and abroad. Many viewed it as a new low in the behaviour of Taliban terrorists, who took responsibility for the attack.

Students ranging from Grade 1 through Grade 10 accounted for most of the dead. They were killed along with their seven attackers, all of whom were wearing explosive suicide vests. Another 121 students and three staff members were injured.

Harper offers condolences

Prime Minister Stephen Harper offered his condolences to the families of the victims. It’s hard enough to understand the motives that underlie a terrorist attack, he said, but even more so when the targets are innocent children.

Minister of Foreign Affairs John Baird has condemned the attack on the school, which he called cowardly and sinister. (Hasan Jamali/Associated Press)

“It’s hard for any of us, as rational and compassionate people, to understand terrorism — to understand why people would want, in the name of some political cause, to simply terrorize, hurt kill innocent people, whole sections of society,” Harper told a news conference in Quebec City.

“But I think it is beyond our comprehension why somebody would target children. As a father, your heart just breaks when you see that kind of thing.”

Read more » CBC
Learn more » http://www.cbc.ca/news/politics/canada-condemns-sinister-terrorist-attack-on-pakistani-school-1.2874900

Peel schools lower flags in support of people killed at Pakistan school

By

TORONTO – Flags will fly at half-mast outside of Peel District School board schools in support of those killed at Army Public School in Peshawar, Pakistan. The flags outside of the schools will fly at half-mast until the end of day Friday, Dec. 19.

“We were all shocked and saddened by the tragic events that transpired at Army Public School in Peshawar, Pakistan, today. Our thoughts are with all those affected, and we acknowledge the bravery of everyone who reacted immediately to protect the children and staff,” a press release from the school board read. A spokesperson for the Pakistani military said Tuesday that 132 children were among the 141 people killed when the school was attacked by Taliban fighters.

Read more » Global News
Learn more » http://globalnews.ca/news/1729686/peel-schools-lower-flags-in-support-of-people-killed-at-pakistan-school/

Canadian dollar sinks

 

Weaker loonie won’t save Canada’s low-skilled manufacturing sector, top economist says

By Greg Quinn, Bloomberg News

Canadian makers of goods such as dishwashers shouldn’t look to a depreciation of the nation’s currency to save their businesses, said Carl Weinberg, chief economist at High Frequency Economics.

Parts of Canada’s manufacturing industry will be wiped out by lower-cost Asian rivals, according to Weinberg, who said the country doesn’t have any competitive advantage when it comes to the business of bolting together cars and appliances from imported kits.

Read more » Financial Post
See more » http://business.financialpost.com/2014/10/02/weaker-loonie-wont-save-canadas-low-skilled-manufacturing-sector-top-economist-says/

30,000 Canadians are homeless every night

200,000 Canadians are homeless in any given year, national report says

By CBC News

Despite sporadic success in addressing homelessness in Canada, little progress has been made toward a permanent cross-country solution, says a national report into the extent of the problem.  The report’s initial numbers tell a grim story. Among the report’s findings:

At least 200,000 Canadians experience homelessness in any given year.
At least 150,000 Canadians a year use a homeless shelter at some point.
At least 30,000 Canadians are homeless on any given night.
At least 50,000 Canadians are part of the “hidden homeless” on any given night — staying with friends or relatives on a temporary basis as they have nowhere else to go.

Read more » CBC
See more » http://www.cbc.ca/news/canada/30-000-canadians-are-homeless-every-night-1.1413016

 

Soldier dies after Parliament Hill attack, gunman also shot dead

Ottawa shooting: Cpl. Nathan Cirillo dies of wounds, gunman also shot dead

Downtown Ottawa remains in lockdown as police conduct searches around parliamentary precinct

Parliament Hill came under attack today after a man with a rifle shot and fatally wounded a soldier standing guard at the National War Memorial in downtown Ottawa, before seizing a car and driving to the doors of Parliament Hill’s Centre Block nearby.

The slain soldier is Cpl. Nathan Cirillo, 24, a reservist from Hamilton.

Moments later, MPs and other witnesses reported 30 to 50 shots fired inside the main Parliament building.

Read more » CBC News
http://www.cbc.ca/news/politics/ottawa-shooting-cpl-nathan-cirillo-dies-of-wounds-gunman-also-shot-dead-1.2808710

Anger grows as wages soar for health-care CEOs while services cut for patients.

Kathleen Wynne must clean up home-care mess: Hepburn

Workers on the front lines of health care are angry that executive salaries are soaring while vital health services are silently slashed.

By:

She sits in her car and cries after telling a war veteran suffering from Parkinson’s disease that she can’t approve visits by a nurse to his home to give him the insulin he needs.

Read more » The Star

Sneak peak at Russia’s ‘under renovation’ Arctic base

Kotelny Island is a nondescript piece of frigid wasteland of no particular note. Except hosting a military base-in-the-making, the first of many from which Russia plans to project its military might to and across the Arctic. RT visited with the Navy.

The island is the largest in the Novosibirsk Archipelago, located in the Laptev Sea off the eastern Siberian coast. Back in the soviet days the military deployed an observation post and a radar station on the Kotelny Island, but with the fall of the country all the troops were withdrawn, leaving behind only a civilian meteorological station.

But now, after decades of desolation, the former military base is being rebuilt. Last year sailors and engineers of the Russian Northern Fleet began construction works, cleaning up rusty barrels and broken vehicles abandoned on the island and constructing a landing strip so that supplies could be airlifted rather than air-dropped.

Read more » RT
http://rt.com/news/188712-arctic-russia-military-base/

Canada’s Prime Minister Stephen Harper blames Hamas for Palestinian casualties after Israeli shells hit UN shelter in Gaza

By Associated Press and Canadian Press

Prime Minister Stephen Harper is reiterating his government’s hard line against Hamas, saying it is solely responsible for the death and destruction in Gaza.

Harper said that while no one likes to see the suffering and loss that is occurring in the Middle East, Hamas is to blame. The prime minister said Hamas started the war because the terrorist organization wants to destroy the state of Israel.

Read more » National Post
http://news.nationalpost.com/2014/07/30/stephen-harper-blames-hamas-for-palestinian-casualties-after-israeli-shells-hit-un-shelter-in-gaza/

PM Stephen Harper urges world leaders to side with Israel

The indiscriminate rocket attacks from Gaza on Israel are terrorist acts, for which there is no justification,” Harper said in a statement issued Sunday.

By: The Canadian Press

OTTAWA—Terrorists are deliberately placing people in the path of an Israeli offensive aimed at stopping rocket attacks from Gaza, says Prime Minister Stephen Harper. Harper says there is evidence that Hamas, listed by Canada as a terrorist organization, is using human shields in its attempts to stave off the Israeli offensive.

Read more » The Star
http://www.thestar.com/news/canada/2014/07/13/pm_stephen_harper_urges_world_leaders_to_side_with_israel.html

Three police officers shot dead in Canada – BBC

Canada shooting: Manhunt as police officers killed in Moncton

Constable Damien Theriault: “People should stay inside and lock their doors”. A manhunt is under way in the Canadian city of Moncton after three police officers were shot dead and two hurt.

Police said they were searching for Justin Bourque, 24, who was “armed and dangerous”, and tweeted a picture of a suspect with weapons. Officials have warned people to stay inside and lock their doors.

The Royal Canadian Mounted Police (RCMP) told the BBC the officers were shot responding to reports of an armed man wearing camouflage clothing.

Read more » BBC
http://www.bbc.com/news/27709330

CANADA – Economy slows to worst quarter since 2012

OTTAWA – Canada’s economy suffered through its worst quarter in more than a year during the first three months of 2014, as activity slowed in many key sectors, particularly business investment.

Due in part to the unusually harsh winter, economic growth fell to a surprisingly weak 1.2 per cent annualized rate, the slowest quarterly pace since the fourth quarter of 2012, when the growth rate was 0.9 per cent.

As well, for the month of March, gross domestic product inched forward by only 0.1 per cent, suggesting a weak hand off to the second quarter.

Statistics Canada also revised downward the fourth quarter growth rate from the previously reported 2.9 to 2.7 per cent, and January’s strong 0.5 per cent GDP reading was trimmed back to 0.4.

Read more » msn NEWS
http://news.ca.msn.com/canada/economy-slows-to-worst-quarter-since-2012-2

Canada surprises with April jobs loss: Canada’s economy lost 28,900 jobs

flagCaCanada surprises with April jobs loss; trails U.S. employment pace

By Louise Egan

OTTAWA, May 9 (Reuters) – Canada’s economy lost 28,900 jobs in April, Statistics Canada said on Friday in a report that revealed across-the-board weakness in a labor market that is stalled and has been adding jobs at a more sluggish pace than in the United States.

The report suggests economic growth has not been gathering the speed that was expected in the second quarter and that business confidence is still shaky.

Read more » Reuters
http://www.reuters.com/article/2014/05/09/canada-economy-jobs-idUSL2N0NU26Y20140509?feedType=RSS&virtualBrandChannel=11563

Income Inequality in Canada

Canada gets a “C” grade and ranks 12th out of 17 peer countries.
Income inequality in Canada has increased over the past 20 years.
Since 1990, the richest group of Canadians has increased its share of total national income, while the poorest and middle-income groups has lost share.

Read more » http://www.conferenceboard.ca/hcp/details/society/income-inequality.aspx

Parti Québécois Leader Pauline Marois says sovereign Quebec would keep the loonie

Marois reiterates the separatist party’s long-held position that Quebec would keep using the Canadian currency — and seek a seat on the Bank of Canada.

By: The Canadian Press

QUEBEC—An independent Quebec would keep using the Canadian dollar and ask for a seat at the Bank of Canada, Parti Québécois Leader Pauline Marois said Wednesday.

Marois told reporters at a campaign stop that Canada would benefit from having a sovereign Quebec maintain its ties to the loonie and the central bank.

Read more » Toronto Star
http://www.thestar.com/news/canada/2014/03/12/parti_qubcois_leader_pauline_marois_says_sovereign_quebec_would_keep_the_loonie.html

Canada’s labour pain: 1.3 million jobless

Canada’s labour pain: 1.3 million jobless, but not enough skills

By TAVIA GRANTECONOMICS REPORTER, The Globe and Mail

Some companies may be having a tough time finding suitable new hires – but Canada’s problem, at least right now, is not a labour shortage.

For all the hue and cry about shortages, it’s tough to find hard data to support the claims. The number of job vacancies, at last count, are at the same level as a year ago and so is the ratio of unemployed people to job openings. The Bank of Canada’s business outlook survey shows shortages are far less acute than before the recession. And while the jobless rate has fallen in recent months, 1.33 million Canadians are out of work, a higher number than before the downturn (it was 1.11 million in October, 2008).

Read more » THE GLOBE AND MAIL
http://www.theglobeandmail.com/report-on-business/economy/economy-lab/canadas-labour-pain-13-million-jobless-but-not-enough-skills/article10595715/

Kenney says Canada can learn from Germany on skills training

By Lee-Anne Goodman, The Canadian Press

OTTAWA – Canadians have much to learn from Germany’s famed apprenticeship system despite doubts it could succeed in Canada, Jason Kenney said as he wrapped up a fact-finding mission into how the European powerhouse streams its youth into skilled trades.

“Sure, we can’t pick up the German system and transplant it to Canada — that would be ridiculous,” the employment minister said in a telephone interview, adding it was a “lazy point of view” to be dismissive of the long-established German partnership among government, schools and business.

“Closer collaboration between the education system and employers is so important. Giving kids relevant information about what kind of education is likely to lead to promising careers and remuneration — these things don’t have to be unique to Germany.”

Kenney said Ottawa and provincial governments can also look at “ways of massively expanding paid co-op opportunities for students during post-secondary education” and consider “reinventing” vocational high schools.

The minister has been leading a 30-member delegation of Canadian politicians from five provinces, along with business and labour union representatives, on a trip to Germany and Great Britain to learn about their apprenticeship programs.

Read more » Yahoo News
http://ca.finance.yahoo.com/news/kenney-points-study-u-democrat-income-splitting-promise-180242293.html

CANADA – Ontario faces “chronic” youth unemployment

High levels of unemployment among province’s youth more than just by-product of economic cycle, report says

By: Peter Lozinski

Ontario is suffering from “chronic” youth unemployment, according to a new report released by the Canadian Centre for Policy Alternatives on Friday.

The rate of unemployment for Ontarians between the ages of 15-24 is hovering between 16 and 17 per cent, double that of the normal provincial rate and higher than the national youth unemployment rate of 13.5-14.5 per cent.

“Ontario is competing with the Maritime provinces for being the toughest place in Canada for youth to land a job,” the report says

Read more » http://o.canada.com/business/ontario-facing-chronic-youth-unemployment/