Statistics Canada states employment increased by 90,000 (+0.4%) in April, and the unemployment rate was unchanged at 6.1%. The employment rate held steady at 61.4%, following six consecutive monthly declines.
Category: Economy (Page 1 of 7)
Vice »
The Senate’s national finance committee will study a bill on October 17 which would create a national framework for—but not actually implement—UBI, according to a press release from the office of Ontario Senator Kim Pate. An identical bill exists in the House of Commons and is sponsored by Member of Parliament Leah Gazan.
The bill in the Senate, which received a first and second reading in 2021 and last April, respectively, would require provincial ministers and Indigenous governing bodies across the country to convene and determine how a UBI plan could work. This would include ensuring that “participation in education, training or the labour market” is not required to receive UBI, and that funding for other social services are not cut. If the bill passes both the Senate and House of Commons, a report would have to be made public a year after the study begins.
The B.C. Wildfire Service says almost 25,000 square kilometres of trees, bush and grassland have burned this year, almost double previous record, while the cost of fighting fires is now at approximately $770 million, reports the CBC.
Statistics Canada » While men still earn more than women, the gender wage gap continued to narrow from 16% in 2007 to 12% in 2022 among paid workers aged 20 to 54 years.
CBC »
Japan’s minister of economy, trade and industry will be in Ottawa Thursday to sign a memorandum of cooperation on electric vehicle supply chains.
Yasutoshi Nishimura will be accompanied by a delegation of Japanese businesspeople representing its battery supply chain association (BASC) and corporations like Panasonic Energy, Asahi-Kasei, Mitsubishi, Mitsui and Sumitomo.
Japanese media reports previewing the trip over the past week suggested that in return for financial, scientific and technical help, the Canadian government intends to offer subsidies for new Japanese investments in this sector — similar to other electric vehicle battery deals struck in collaboration with the provincial governments of Ontario and Quebec.
CBC » Prime Minister Justin Trudeau says other countries are ‘watching very closely’ as Canada’s dispute with Meta over the Online News Act continues.
PM Trudeau revealed that other countries are quietly supporting Canada’s Online News Act, Bill C-18, which passed the House of Commons in June. The legislation mandates that tech giants Google and Meta pay Canadian media outlets for news content shared or repurposed on their platforms.
ASEAN made the announcement public today during Prime Minister Justin Trudeau’s visit to the host city of Jakarta.
Joint Leaders’ Statement on ASEAN-Canada Strategic Partnership
Trade Minister Mary Ng says Canada will open an export development office in Jakarta and has appointed an Indo-Pacific trade representative to help attract businesses to the region. » Globe and Mail