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Canada’s economy lost 84,000 jobs in February, pushing the unemployment rate to 6.7% (up from 6.5% in January), according to Statistics Canada.
- Losses driven mainly by full-time and private-sector jobs - Biggest impact on core-age men (25–55) and youth (15–24) - Job declines across goods & services sectors - Wholesale & retail trade alone shed 18,000 jobs
After modest gains last fall, the labour market is showing signs of cooling.
Nunavut MP Lori Idlout abstained on the Liberal budget vote that helped keep the government alive.
Now she’s crossed the floor and joined them.
That same budget included:
• About $1.9 B a year for Nunavut through Territorial Formula Financing
• $50 M for Inuit Nunangat University
• Billions in Indigenous housing funding, including northern communities
• Major Arctic and northern infrastructure spending
Coincidence, right? 🙄