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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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Anticipation Builds on Wall Street as Federal Reserve Meeting Nears

 


In a climate of cautious optimism, Wall Street experienced a modest rise in early trading on Monday. Investors are keenly awaiting the outcome of the Federal Reserve’s policy meeting, which is expected to provide critical cues on the future of monetary policy and interest rates.

The S&P 500 futures saw a 0.7% increase, while the Dow Jones Industrial Average futures edged up slightly. This uptick comes amidst a broader context of fluctuating tech stocks and a recovering Nasdaq, spurred by Nvidia’s commencement of its AI conference.

The financial community is abuzz with speculation, as the Federal Reserve is anticipated to maintain borrowing costs steady. The central bank’s decision will be pivotal in shaping the trajectory of the U.S. economy, which has been grappling with inflation rates that soared as high as 9.1% in 2022.

As the week progresses, all eyes will be on the Federal Reserve, with investors hoping for signals that could confirm a rate cut in June. The outcome of this meeting could either fuel the rally that began in October or further stall the market’s momentum.

In Europe, markets have shown a slight increase, with Germany’s DAX adding 0.3% and both the FTSE 100 in London and the CAC 40 in Paris edging 0.2% higher. Meanwhile, Asian markets have also advanced, with the Nikkei 225 in Tokyo making a significant leap.

The anticipation is palpable as the world waits to see how the Federal Reserve will steer the course of the U.S. economy amidst ongoing inflation concerns and a complex global financial landscape.

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