Canada Job Market Surges, Bolstering Rate Hold Case
Canada's economy added a surprising 66,600 jobs in October, lowering the unemployment rate to 6.9% and strengthening the case for a rate hold.
#Bank of Canada#Canadian Economy#Jobs Report
#Canadian Economy
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Bank of Canada Plans Significant Job Cuts
The Bank of Canada will cut approximately 10% of its staff, affecting 225 employees, as part of a government initiative to reduce expenses and achieve significant budget savings by 2026.
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Scotiabank Confirms Workforce Reductions Across Canada
The Bank of Nova Scotia is reducing its workforce across multiple departments in Canada as part of a broader strategy to enhance efficiency and focus on growth.
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Canada Urges Pension Funds to Boost Domestic Investment
Canada's government is in talks with major public pension funds to increase investment in domestic businesses, aiming to shield the economy from U.S. trade tariffs.
#Canadian Economy#Pension Funds#Trade Policy
Bank of Canada Official Labels Banking Sector an Oligopoly
Bank of Canada's Senior Deputy Governor, Carolyn Rogers, has labeled the country's banking system an oligopoly, linking a lack of competition to Canada's productivity slump.
#Bank of Canada#Economic Policy#Financial Regulation