@*@ Archive
Highlights/economy

Arts and Entertainment

Canadian province of Ontario contributes $96,000 towards update of Inuit art trademark

Eye on the Arctic brings you stories and newsmakers from across the North The Canadian province of Ontario may be a southern province, but this week it pledged $96,844 towards the Inuit Art Foundation’s update to the Igloo Tag Trademark. The» 

Economy

Canada shed 88,000 jobs in January

The number of jobs in Canada fell by 88,000 in January, ending the economy’s 17-month streak of job gains, Statistics Canada said Friday. The overall number was dragged down by a loss of 137,000 part-time positions in what was easily» 

Economy

Bank of Canada hikes key interest rate to 1.25%

Canadians will have to pay more to borrow money from banks after the country’s central bank raised its key lending rate by a quarter percentage point to 1.25 per cent on Wednesday despite looming uncertainty over the future of the North» 

Economy, Society

Huge grocery chain admits price fixing

Bread prices “fixed” for 14 years It was a rather stunning admission: the head of Canada’s largest grocery chain and baking operation admitted they’d been “fixing” the price of bread since 2002. Galen Weston, chairman and CEO of George Weston» 

Economy

Canada’s unemployment falls to lowest in 40 years

The unemployment rate fell to its lowest level in more than 40 years as the Canadian economy closed out a calendar year by pumping out 78,600 jobs, including 23,700 full-time jobs. That brought Canada’s unemployment rate to 5.7 per cent» 

International, Politics

Justin Trudeau leaves China without securing start of free trade talks

Prime Minister Justin Trudeau departed China on Thursday without securing the start of free trade talks with the world’s second-largest economy, but said he made substantial progress during his four-day visit. Speaking to reporters before his return to Canada, the» 

Economy

Canada’s inflation in October cooled by smaller increases in gas prices

The annual pace of inflation slowed down in October thanks smaller price increases at the gas pumps, as refineries in the United States resumed normal operations following hurricane Harvey, which forced production shutdowns in Texas. Statistics Canada said Friday the» 

Economy

Economy blows past expectations with 35K jobs in October

Canada’s economy pumped out 35,000 new jobs in October nearly twice as many as economists were forecasting, Statistics Canada reported Friday. The agency said the employment gains were driven by a rise in full-time positions which swelled by 88,700, while» 

Economy

Unemployment dips to lowest rate since 2008

The Canadian economy added nearly 11,000 jobs in July, the eighth consecutive month of growth, as the unemployment rate fell to its lowest point in nearly nine years, Statistics Canada said Friday. The pace of job growth slowed, however, with 10,900» 

Economy

How much does Inuit art contribute to the Canadian economy?

 When it comes to economic development in the Canadian Arctic, resource development dominates the headlines. But a recent report lays out in detail, just how much the Inuit arts economy contributes to the North, and to Canada as a whole. In 2015 alone, the Inuit art economy contributed $87.2»