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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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Trudeau's Cabinet Faces Major Shakeup as Housing Minister Sean Fraser Steps Down

 

In a significant development, Housing Minister Sean Fraser has announced his decision to step down from the federal cabinet and not seek re-election in his Nova Scotia riding. This move comes as Prime Minister Justin Trudeau prepares for a cabinet shuffle, which could happen as soon as Wednesday.

Fraser, who has been a prominent figure in Trudeau's cabinet, cited family reasons for his departure. The demands of his portfolio have made it challenging for him to spend time with his family in rural Nova Scotia. His exit adds to the list of ministers who have decided not to run in the next election, including Minister of National Revenue Marie-Claude Bibeau, Minister of Sport Carla Qualtrough, and Minister of Northern Affairs Dan Vandal.

Amid these changes, Trudeau's office is making a concerted effort to recruit former Bank of Canada governor Mark Carney to join the cabinet. Carney, who has been approached multiple times in the past, is reportedly more open to the idea now, although no final decision has been made.

Fraser's departure and the potential addition of Carney highlight the ongoing efforts by Trudeau to refresh his cabinet and address the pressing issues facing his government, particularly in the housing sector.



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