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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. 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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