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Canada’s Job Market Stumbles as February Brings Major Employment Losses

                                                       Workers operating machinery at a construction site in Edmonton.      Canada’s labour market took a sharp downturn in February, shedding 84,000 jobs and pushing the national unemployment rate up to 6.7%. The decline was far steeper than economists expected and marks one of the most significant monthly employment drops in recent years.  A Sudden and Significant Employment Decline Statistics Canada reported that the country lost 84,000 jobs in February , a surprising contraction that affected both goods‑producing and services‑producing industries. The unemployment rate rose to 6.7% , up 0.2 percentage points from January. Economists had anticipated modest job growth, making the downturn even more unexpected.  Who Was Hit the Hardest Youth aged...
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Stock Market Today: World shares mixed after Wall Street’s 3rd straight winning week

 

According to a news article from MSN, world shares were mixed on Monday after Wall Street closed its third straight winning week with a tiny gain. 

Germany’s DAX fell 0.1% to 15,907.92, while France’s CAC 40 gained 0.3% to 7,256.93. Britain’s FTSE 100 was down 0.3% at 7,481.86. The future for the S&P 500 and the Dow Jones Industrial Average were virtually unchanged. Japan’s Nikkei 225 index broke its September peak, hitting a 33-year high, and then fell to 33,388.03, shedding 0.6%. 

The Hang Seng in Hong Kong added 1.6% to 17,732.36, and the Shanghai Composite index advanced 0.5% to 3,068.32. China announced on Monday that it would keep its benchmark lending rates unchanged as expected due to a weaker yuan and the need to assess the impact of recent stimulus measures on the economy.

 In South Korea, the Kospi was 0.9% higher, at 2,491.20. Australia’s S&P/ASX 200 edged 0.1% higher to 7,058.40. Taiwan’s Taiex was little changed. The SET in Bangkok dropped 0.1% as the state planning agency announced Monday that Thailand’s economy grew slower than expected in the last quarter due to weakness in exports and agriculture, despite strong consumer spending and a recovery in tourism.

Markets hope inflation has cooled enough for the federal Reserve to finally stop its market-crunching hikes to interest rates


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