It's past time for our gov't to get its act together and come up with a "real" stimulus package that focuses on the economy and not petty partisan politics.
Massive job losses hit Canada, U.S.
OTTAWA - The Canadian economy lost a much greater than feared 71,000 jobs in November, the worst monthly loss in more than a quarter century, and a taste of what's to come, while the U.S. lost more than half a million more jobs, bringing the losses there since that recession began to 1.9 million.
The "shocking" job losses here and in the U.S. sent already deeply depressed stock markets on both sides of the border lower amid retreating commodity prices, including oil, which slipped to the $43 US a barrel level and which in turn pulled the loonie down to the 77 cents US level.
In Canada, the worse than expected job losses, split between part- and full-time positions, were the most since the early-1980s recession.
Here, the much worse than expected job losses, split between part- and full-time positions, were the most since the early-1980s recession. The report ended three straight months of gains and nudged the unemployment rate up a notch to a two-year high of 6.3 per cent.