Posts Tagged ‘Canada’
Dozens Of Industrial Plants Expected To Close Each Month In 2012
The year has barely begun and there are already 72 plants scheduled to close within the US, leaving 19,000 workers without jobs, according to Industrial Info Resources.
IIR predicts that 2012 could surpass last year’s closures of 401 industrial plants in North America, which left 63,000 workers without jobs. The 57 plant closures in Canada accounted for 10,000 jobs lost and a dozen closures in Mexico accounted for 2,500 jobs lost.
While every industry saw at least some closure activity in 2011, industrial manufacturing industry took the lead with 190 closures followed by food and beverage industry, which closed 100 plants.
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And Now Watch Saadi Qaddafi In The Longest Substitution Ever
These days, Saadi Qaddafi is in Niger after escaping Tripoli in August.
But there were better times for the fallen leader’s son. Saadi played on the Libyan soccer team, and back in 2003, when Libya played Canada in a friendly, he had a little fun.
When he was leaving the game for a substitution, him and another teammate shook every Canadian player’s hand on the field.
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Canada raises interest rates to 1%
The Bank of Canada has elected to raise interest rates for the third time in as many months, despite a slowdown in economic growth. The Bank raised rates from 0.75% to 1% but explained that further rate hikes would need to be carefully considered because of an uncertain outlook. The rise comes just a week [...]
Canadian economic growth eases
A report by Statistics Canada has today revealed the economy slowed, due to a slowdown in the housing market. The Statistics Canada leading economic indicator index (a monthly gauge of where the economy appears headed in the coming months) eased to 0.4% in July, following a rise of 0.7% in June. The slowdown in growth [...]
Canada becomes first G7 nation to raise interest rates
The Bank of Canada has today elected to raise interest rates by one quarter of a percentage point to 0.5%, as widely expected.
As a result, Canada has become the first G7 central bank to raise rates since the onset of the recession.
Yesterday, it emerged that the Canadian economy expanded by an annualised 6.1% in [...]