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Canada’s Job Market Stumbles as February Brings Major Employment Losses

                                                       Workers operating machinery at a construction site in Edmonton.      Canada’s labour market took a sharp downturn in February, shedding 84,000 jobs and pushing the national unemployment rate up to 6.7%. The decline was far steeper than economists expected and marks one of the most significant monthly employment drops in recent years.  A Sudden and Significant Employment Decline Statistics Canada reported that the country lost 84,000 jobs in February , a surprising contraction that affected both goods‑producing and services‑producing industries. The unemployment rate rose to 6.7% , up 0.2 percentage points from January. Economists had anticipated modest job growth, making the downturn even more unexpected.  Who Was Hit the Hardest Youth aged...
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AtkinsRéalis to Divest Stake in Highway 407 ETR Toll Road

 

AtkinsRéalis Group Inc., formerly known as SNC-Lavalin, has announced its intention to sell its 6.76% stake in 407 International Inc., the company that owns the Highway 407 ETR toll highway north of Toronto. This strategic move is part of AtkinsRéalis’ focus on its engineering services and nuclear businesses. The other major stakeholders in the toll highway are the Canada Pension Plan Investment Board (with a 50.01% stake) and Cintra Global S.E. (a wholly owned subsidiary of Ferrovial S.A., holding 43.23%).

AtkinsRéalis aims to pursue margin expansion and growth, including investments in rapidly growing markets. These initiatives involve engineering services across the U.S., leveraging their nuclear expertise, and exploring accretive mergers and acquisitions.


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