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Statistics Canada Begins Major Workforce Overhaul, Cutting 850 Positions

    Statistics Canada says it will be cutting around 850 of its staff along with 12 per cent of its executive team. Statistics Canada is moving ahead with a major restructuring that will see roughly 850 jobs eliminated , including a portion of its executive ranks. The agency confirmed that it has entered a formal workforce adjustment period, with affected employees set to receive notices over the next two weeks. The cuts are part of a broader federal initiative to reduce public service spending. With more than 7,200 employees as of early 2025, Statistics Canada is among several departments facing significant downsizing as the government seeks long‑term budget efficiencies. Union representatives have raised concerns about the impact on the agency’s ability to maintain the quality and timeliness of national data. Management, however, has emphasized that voluntary departures and early retirement incentives will be used where possible to ease the transition. The announcement m...
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Wall Street gains as Treasury market stabilizes, US government averts shutdown

 

On Friday, Wall Street saw gains as the Treasury market stabilized and the US government averted a shutdown. The S&P 500 index rose by 0.88% to 4,780.94 points, while the Dow Jones Industrial Average gained 0.54% to 37,468.61 points. The Nasdaq 100 index also rose by 1.47% to 16,982.29 points.

The US government avoided a partial shutdown, which helped stabilize the Treasury market. The yield on the 10-year Treasury steadied at 4.14%.

This is good news for investors, as the stock market continues to recoup the week’s earlier losses. The gains are expected to continue as companies continue to turn in better profits for the summer than expected.


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