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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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Steady Hands: Federal Reserve Holds Rates Amid Economic Uncertainty

The Federal Reserve is expected to maintain its current interest rates as officials seek a clearer picture of the U.S. economy’s trajectory. With conflicting signals—ranging from a slowdown in first-quarter GDP to strong employment data—policymakers are opting for caution rather than immediate action.  

Investors anticipate that the Fed will keep rates within the 4.25%-4.50% range until at least July. While inflation has shown signs of easing, underlying price pressures remain, and the impact of President Trump’s tariffs on consumer costs is still unfolding.  

Fed Chair Jerome Powell has emphasized the need for patience, acknowledging the uncertainty surrounding fiscal policies and their potential economic consequences. As the central bank waits for more definitive data, markets remain watchful for any shifts in monetary policy that could influence borrowing costs and economic growth.

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