Tag Archives: weak economy

Canada surprises with April jobs loss: Canada’s economy lost 28,900 jobs

Canada surprises with April jobs loss; trails U.S. employment pace

By Louise Egan

OTTAWA, May 9 (Reuters) – Canada’s economy lost 28,900 jobs in April, Statistics Canada said on Friday in a report that revealed across-the-board weakness in a labor market that is stalled and has been adding jobs at a more sluggish pace than in the United States.

The report suggests economic growth has not been gathering the speed that was expected in the second quarter and that business confidence is still shaky.

Read more » Reuters
http://www.reuters.com/article/2014/05/09/canada-economy-jobs-idUSL2N0NU26Y20140509?feedType=RSS&virtualBrandChannel=11563

Canada drops out of top 10 most developed countries list

The United Nations human development index now ranks Canada as 11th

By the Canadian Press

Canada has slipped out of the top 10 countries listed in the annual United Nation’s human development index — a far cry from the 1990s when it held the first place for most of the decade.

The 2013 report, which reviews a country’s performance in health, education and income, places Canada in 11th place versus 10th last year.

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