Canada Shed 31,000 Jobs Last Month: Here’s What We’re Reading Today
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Here’s what’s happening today:
1. ‘Another woeful jobs report’
Full-time jobs fell by 71,000 positions last month, while part-time employment increased by 40,000. Most of the losses were due to a decline in public administration jobs at the munipical and regional level. Ontario bore the brunt of the loses with over 36,000 positions disappearing.
+1: The U.S., on the other hand, just added a surprise 255,000 jobs.
+1: Bombardier just lost $490 million, but its CEO says the company has “turned the corner.”
2. Toronto’s proposed downtown park could become one of the largest in the world
“After the city pitched to build a massive new public space from Bathurst St. to Blue Jays Way by decking over the rail corridor, the Star has learned there are talks underway that could see that plan extended to Simcoe St., just west of Union Station — creating a continuous block of more than 30 acres, what would be one of the largest rail decks in the world.”
3. Mexico’s richest man wants a three-day workweek
“Carlos Slim thinks his plan will spur on economies with more tourism, entertainment, and culture.”
4. Voters kick out South Africa’s ANC, the party of Nelson Mandela
“Frustrated at a stagnant economy, a 25% unemployment rate and corruption allegations that have dogged Jacob Zuma, the president, voters in local elections turned away from the ruling party in their millions and it conceded defeat in one of the three cities where it faced the strongest challenge.
“The ANC is likely to claim a slim overall majority when final results are announced but it has already accepted it has lost Port Elizabeth, an industrial city on the south coast, ahead of final results for the other hotly-contested cities of Johannesburg, the economic hub, and Pretoria, the capital.”
5. The company that built the Gaza wall is not so sure about Donald Trump’s
“An Israel-based security company that provided intrusion detection technology for the barrier between Israel and the Gaza Strip has offered to help Donald Trump secure the U.S. border — but suggests that building an actual wall along every section of the border is not the way to go.”