Economy

StatsCan report casts doubt on claims of widespread labour shortage

Analysis finds there are no labour shortages for jobs that require high levels of education

By Nojoud Al Mallees, The Canadian Press |May 29, 2023

4 min read

Federal government posts $41.3 billion deficit for 2022-23 fiscal year

Debt charge rose 42% from 2021-22 because of rate hikes, revenues up 8.6%

By The Canadian Press |May 26, 2023

1 min read

U.K.’s Treasury chief accepts that recession may be necessary to get inflation down

“We have to support the Bank of England” in “difficult decisions,” Jeremy Hunt tells Sky News

By Pan Pylas, The Associated Press |May 26, 2023

2 min read

A measure of inflation that is closely tracked by the Federal Reserve increased in April

Inflation “too sticky,” BoA analyst says as new data show prices increased 4.4% year over year

By Christopher Rugaber, The Associated Press |May 26, 2023

4 min read