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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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Market Rebound: Dow, S&P 500, Nasdaq Futures Inch Higher Amid Tariff Relief Hopes

                                           

 U.S. stock futures edg    ed higher on Wednesday, signaling a potential rebound from recent sharp sell-offs. Investors are hopeful that President Donald Trump may soon scale back his new tariffs on Canada and Mexico. This optimism comes after Commerce Secretary Howard Lutnick suggested that an existing Trump trade deal could provide a pathway to relief on some imports for these countries as early as Wednesday.

Futures for the S&P 500 and Dow Jones Industrial Average both rose around 0.1%, while contracts on the tech-heavy Nasdaq 100 advanced 0.3%. However, a soft print on labor-market hiring revived worries about a potential economic slowdown. Data from ADP showed that private-sector companies added just 77,000 jobs in February, significantly below economist expectations.

President Trump, in an address to Congress, acknowledged the current economic discomfort but reassured markets by stating, "There'll be a little disturbance, but we're OK with that. It won't be much". The S&P 500 hit its lowest level in four months on Tuesday, erasing all of its post-election gains, amid retaliation to Trump's implementation of 25% tariffs on Canada and Mexico and doubling duties on China.

As the market awaits further developments, investors remain cautious but hopeful for a resolution that could stabilize the economic landscape.



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