Canada's economy is profoundly impacted by what happens in other countries. Even if we keep our economic house totally in order we will face major disruptions especially from the chaos in Europe. That means now is not the time for government cuts -- we have to keep government finances under control (otherwise we will become Greece) -- but continued spending on capital infrastructure makes sense (roads, schools, new public transit links).
http://bit.ly/v0NwA5
The economy shed 71,700 full-time jobs, while part-time employment grew by 17,700.
The October job losses were a surprise, as the consensus forecast of economists had been for employment to rise by 15,000.
Last month's decline in employment also wiped out the bulk of the gain of 61,000 jobs in September.
Most of the decline last month occurred in manufacturing — which lost 48,000 jobs in the month, while the construction sector shed 20,000 jobs.
No comments:
Post a Comment