Unemployment rate holds steady

Article Abstract:

Canada's unemployment rate remained at 7.8% in Feb 1999. Statistics Canada reported that 61,000 full time jobs were created during the month, but 48,000 part-time jobs disappeared. Paid jobs in the private sector dipped by 25,000 while jobs in the public sector increased by 5,000. The self-employed report the biggest job gains with the creation of 33,000 new jobs. Regionally, Ontario posted the biggest gain with 23,000 new jobs, while Quebec reported the biggest loss with the disappearance of 30,000 jobs.

Employment

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Inflation stays low as '98 rate comes to 0.9%

Article Abstract:

Canada has posted an inflation rate of 0.9% in 1998, the seventh consecutive year that inflation has remained below 3%. Economists believe that the central bank should cut interest rates to stimulate the softening economy. The combination of low inflation rate, high unemployment rate, economic slowdown, a federal budget surplus and a deficit of C$40 billion are factors that point to a cut on interest rates.

Prices

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