Skip to main content

Featured

U.S. Push for Critical Minerals Intensifies on Eve of Iran Strikes

                                               The Pentagon building is seen in Arlington, Virginia, U.S. October 9, 2020. The U.S. Department of Defense moved to secure fresh supplies of 13 critical minerals just one day before the United States and Israel launched strikes on Iran, underscoring Washington’s growing urgency to strengthen its industrial and military supply chains.  The Pentagon’s request, sent to members of the Defense Industrial Base Consortium , called for proposals to mine, process, or recycle key minerals such as nickel, graphite, and rare earth elements—materials essential for producing semiconductors, advanced weapons systems, and other defense technologies . Companies were asked to submit project plans by March 20. Officials did not indicate whether the timing was intentional, but the move highlights ongoing concerns ...
Post a Comment
Read more

article

Labels

Trade Tensions Take Toll: Canada Loses 33,000 Jobs in March

 

Canada's labour market faced a significant setback in March, shedding 33,000 jobs—the largest monthly decline since January 2022. This drop pushed the unemployment rate up to 6.7%, a slight increase from February's 6.6%.

The job losses were primarily concentrated in full-time positions, with 62,000 roles eliminated. Sectors such as wholesale and retail trade, as well as information, culture, and recreation, bore the brunt of the decline. However, some gains were observed in part-time employment and industries like utilities and personal services.

Economists attribute this downturn to the escalating trade war with the United States, which has introduced tariffs on Canadian exports, including steel and aluminum. These measures have created uncertainty for businesses, leading to layoffs and a cautious approach to hiring.

As Canada navigates these economic headwinds, policymakers and businesses alike face the challenge of mitigating the impact of trade tensions on the labour market. The coming months will be critical in determining the broader implications of these developments on the nation's economy.

Labels:

Comments

Post a Comment