Canada Business news

Canada has come to a strange place, jobs-wise.In this new and possibly temporary world, the country’s three largest metros — the engines of economic growth known as Toronto, Montreal and Vancouver — are among the worst places to find work.Meanwhile, the major cities of long-struggling Atlantic Canada are economic fortresses, dominating the ranks of the cities that have suffered the least and lost the fewest jobs in the COVID-19 economic shutdown.Watch: Canada reclaims nearly on

Canada’s economy will grow at a reduced rate for the next 10 years because high household and business debt levels will act as a drag on the recovery from COVID-19, a new report says.The report from U.K.-based Capital Economics predicts the economy will end the year 6.3 per cent smaller than before the pandemic, and will recover most ― but not all ― of that next year.It also sees the country ending the year with 6.2 per cent fewer jobs, despite the wave of rehiring being seen r

Executives from three of Canada’s largest grocery chains were in communication before launching and ending temporary wage increases for grocery store workers during COVID-19, but maintain their decisions were not co-ordinated.Metro Inc. was aware of Loblaw Companies Ltd.’s decision to stop its so-called pandemic pay program before it made a similar decision, chief executive Eric La Fleche told the House of Commons standing committee on industry, science and technology Friday.&nb

OTTAWA — Nearly one million more Canadians had jobs in June than a month earlier, Statistics Canada says, as businesses forced to close by the pandemic began to reopen and the country continued to recoup the steep losses over March and April.Statistics Canada’s labour force survey released Friday showed 953,000 jobs were added last month, including 488,000 full-time and 465,000 part-time positions. The unemployment rate fell to 12.3 per cent after hitting a record-high of 1