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Canada's unemployment rate rises to 7.1 percent in June

June's unemployment figure is the highest it has been in a year

The picture of employment in Canada is looking a little bleak.

The country shed 9,400 jobs in June, bumping the unemployment rate up to 7.1 percent.

That is the highest level national unemployment has reached in a year.

In Ontario, 33,900 positions were lost in that same period.

Some economists predicted performance would be better -- a gain of at least 20,000 positions -- as Ontario elected a majority provincial government.

Market operators expect that worries about soft growth will keep the Bank of Canada from hiking interest rates until late next year.

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  1. Next stop, Rock bottom posted on 07/11/2014 04:10 PM
    "Some economists predicted performance would be better -- a gain of at least 20,000 positions -- as Ontario elected a majority provincial government."

    Apparently these economists didn't notice which majority government we elected. The only way Wynne's Liberals could be more hostile towards job creation in Ontario would be if they started cutting a finger off of HR managers every time they hired someone.
    1. Sonny posted on 07/11/2014 05:40 PM
      @Next stop, Rock bottom These are Federal numbers. Apparently the Cons Economic Action Plan is not working like the centre piece of their 2013 Budget the Jobs Grant that has yet to be implemented despite all the Cons Ads
    2. Mark posted on 07/12/2014 06:50 AM
      @Sonny They are federal numbers but it's obvious that Ontario is dragging the numbers down. Duh Homer, didn't you get that ?
    3. Mary Lou Dowling posted on 07/12/2014 10:10 AM
      @Sonny The unemployment is in Ontario because of the Liberal government's hydro policy and tax and spend budget, Companies have no confidence in the Liberals. The rest of Canada is in a better shape than we are. It certainly is not on the shoulders of the Feds.
    4. Mary Lou Dowling posted on 07/12/2014 10:10 AM
      @Sonny The unemployment is in Ontario because of the Liberal government's hydro policy and tax and spend budget, Companies have no confidence in the Liberals. The rest of Canada is in a better shape than we are. It certainly is not on the shoulders of the Feds.
    5. HP posted on 07/12/2014 10:58 AM
      @Mary Lou Dowling Governments do not create jobs with the exception of public sector jobs. But these are public servants and serve at the pleasure of the taxpayer and as service sector jobs they create nothing of value. They are paid to serve, not create real wealth.

      Ontario's problem is that manufacturing has died...people no longer want to buy what we make. Once the automotive sector is rationalized, there's nothing left, Nortel, Blackberry are toast, retail is doomed, only the financial sector still hires, but their only expense is rent and payroll...they create their products out of thin air.

      If you want o see the true cause of Ontario's financial problems, look in the mirror. You want government services, low cost products, retail that sells at the lowest price, and you won't support companies that make stuff here. No matter who you elect, it won't help. Except that if Hudak had been elected, 100,000 of us would be looking for work.
    6. Angry Bill posted on 07/14/2014 11:01 AM
      @HP Only 100,000 of those who you yourself said do nothing to create value. So the people of Ontario voted to keep those jobs who "serve at our pleasure". Um. Yeah. Right.

      That's the whole point. The libs that you voted in will continue to expand these "non value" jobs, paid for by the ever dwindling private sector workers. And why are jobs (REAL jobs, not public sector ones) dwindling? And I mean specifically in Ontario, as they are no where near leading the pack in job creation compared to other provinces. Hold your mirror up to the libs you voted in. And you know what? It ain't going to be getting any better. It's going to get a whole lot worse.

      Enjoy the government you deserve.
  2. Jack posted on 07/12/2014 11:17 AM
    HP, you're right in that governments do not create jobs; what they can do, and what the Liberals have been working towards for twelve miserable years, is create an environment where it is impossible to make a profit, thereby killing any chance of employers moving here or staying here.

    And if Hudak had been elected, 100,000 people would NOT be looking for work. 25,000 useless bureaucrats from the public sector would have retired with the knowledge that nobody would be taking over their pointless position, and 75,000 more bureaucrats would have been let go. And all of that would have happened gradually, over the course of four years, while the private sector grew in the favourable business climate his policies would have produced.

    The election is over, HP. We made the wrong choice, and everybody is going to suffer as a result. There's no point in continuing to push that Working Families garbage.
    1. john posted on 07/12/2014 11:56 AM
      @Jack u mean the bullshit Working Families garbage .
    2. HP posted on 07/12/2014 02:01 PM
      @Jack Do the math...there's only 60,000 bureaucrats in all of Ontario. Hudak had no idea how our government work, just a lot of political rhetoric.

      Governments can create economic environments that attract companies like those in the deep American south...no unions, no min. wage, sweat shop working environments. You should visit some factories in Mississippi, Louisiana, or Alabama. See how people live on $5.00/hr working 60 hour weeks.

      But that can't happen in Ontario simply because the cost of setting up a manufacturing infrastructure is cost prohibitive. No company can afford to build new plants, new machinery, hire and train new workers, then make a product to sell at a profit. Governments can reduce taxes and give out grants, but that's just pennies on the total. See how it worked for companies that got Ontario subsidies...Caterpillar, U.S. Steel, Sterling Trucks, and many more. None of them survived simply because we didn't buy their products. When our governments want to buy local like from Bombardier, idiots like Rob Ford go nuts because he busses and subway cars cost more than the imports.

      It starts with us, not the government...corporate welfare is just a waste of my money.
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