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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 Drifts Near Records Amid Global Market Lull

 

In today’s financial landscape, Wall Street finds itself in a state of cautious equilibrium. Here’s a snapshot of the current situation:

Market Overview

  • S&P 500: Hovering around its all-time high, with minimal movement.
  • Dow Jones Industrial Average: Up slightly by 31 points (0.1%).
  • Nasdaq Composite: Experiencing a slight dip of 0.3%.
  • Bond Market: Remains subdued, with Treasury yields showing marginal increases.
  • Stock Markets Abroad: Mixed performance across global exchanges.

Key Highlights

  1. DollarTree (DLTR): Shares plummeted approximately 14% after reporting weaker-than-expected results.
  2. Commodities: Benchmark U.S. crude oil prices surged by 2.3%.

Global Market Sentiment

  • France’s CAC 40: Edged up nearly 0.1%.
  • Germany’s DAX: Remained relatively unchanged.
  • Britain’s FTSE 100: Virtually flat.
  • Japan’s Nikkei 225: Slipped 0.3% after morning gains.
  • Australia’s S&P/ASX 200: Rose 0.2%.
  • South Korea’s Kospi: Gained 0.4%.
  • Hong Kong’s Hang Seng: Edged down nearly 0.1%.
  • Shanghai Composite: Dipped 0.4%.

Currency Trends

  • The U.S. dollar strengthened slightly against the Japanese yen.
  • Speculation surrounds Japan’s central bank potentially ending its super-easy monetary policy and raising rates.

As investors navigate economic indicators and global developments, Wall Street remains cautiously optimistic. Stay tuned for further updates as the market continues its delicate balancing act. 

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