Job Prospects Poor, Study Predicts

Job Prospects Poor, Study PredictsA new report from The Conference Board of Canada suggests job seekers may be in for a tough time in the next few months. The Ottawa-based economic research group said Friday its monthly help-wanted index survey suggests hiring prospects will be poor, falling in 17 of 26 metropolitan areas it surveys, including nine out of 10 in Ontario. Also Friday, a forecast from Capital Economics predicted Canada’s economy will remain…

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Inflation Inches Higher

Inflation Inches HigherCanada’s inflation rate rose to 3.2 per cent in the 12 months ended in September, pushed higher by price hikes for gasoline and food. Statistics Canada reported Friday that prices for food rose 4.3 per cent in the past year, while energy prices advanced 12.5 per cent. Those factors were the major contributors to the overall inflation increase. Economists polled by Thomson Reuters had been expecting the rate to come…

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Occupy Toronto Takes to the Streets Again

Occupy Toronto Takes to the Streets AgainAs Occupy Canada protesters across the country spent a second day in tents set up in urban parks on Sunday, protesters in Toronto launched another march in the city’s downtown core and gathered at a central shopping area. Members of the Toronto group who set up an encampment at St. James Park just east of the financial district, were on the move again, chanting, “Whose streets? Our Streets!” on their…

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Mobile Payments Still Years Away

Mobile Payments Still Years AwayCanadian consumers are ready and willing to pay for everyday goods with their mobile devices but a lot of details have to be ironed out before that can realistically happen, experts say. More than 80% of Canadian industry players feel certain mobile wallets will be “mainstream” in this country within the next four years, a recent KPMG International study found. Before that can happen a lot of questions need to…

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Loonie Closes at 12-month Low

Loonie Closes at 12-month LowThe Canadian dollar closed below 96 cents US at a 12-month low Friday, as traders moved into more widely traded U.S. dollar denominated securities. The loonie’s official Bank of Canada close was 95.40 cents US, down 1.07 cents. It hasn’t been that low since Sept. 8, 2010. It has lost 1.74 cents this week. Markets are concerned that a slowing global economy will hurt exporting countries such as Canada. The…

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