Capital spending projections increase

Article Abstract:

Canadian Businesses and government are projected to increase capital outlay by 6.6% in 1998 to C$125.4 billion as compared to the earlier forecast of a 6.2-percent improvement. The projection for 1998 capital spending on new construction and equipment was lower than the 11.9-percent growth rate in 1997, but is encouraging news in a time when export growth has declined and the US economy is slowing down. Statistics Canada made the prediction based on a survey of 23,000 companies, governments and institutions.

Comment:

Canadian: Businesses & governments are projected to increase capital outlay by 6.6% in 1998 to C$125.4 bil

New Plant & Equipment, Domestic Investment by Purpose, Article

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Economy keeps pumping out new jobs

Article Abstract:

The unemployment rate has declined to 7.8% in Jan 1999, from 8% each in Nov and Dec 1998. The unemployment was at its level since June 1990. Around 87,000 new jobs was formed in Jan 1999, driven up by the Canada's vibrant economy. Total employment has grown by 3.7% in the 12 months ended Jan 1999, or a total gain of 526,000 jobs. The percentage gain was the biggest since Mar 1998.

Employment

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Canada's job growth rolls on

Article Abstract:

Canada's continued robust job growth is discussed.

Job creation

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