Canadian Unemployment Highest in 7 Years

April 9th, 2009 • No Comments

The month of March 2009 saw the loss of 61,300 full-time jobs according to Statistics Canada, increasing the Canadian unemployment rate by 0.3 percent — raising the figure to 8 percent, a 7-year high for the country. Similar trends were seen throughout February and March in the United States and Britain, with jobless benefit claims in both countries rising to record highs. Continue reading ‘Canadian Unemployment Highest in 7 Years.’

RBS Could Cut Up To 9,000 Jobs

April 7th, 2009 • No Comments

Though a statement issued by the Royal Bank of Scotland on Tuesday said that figures were a worst case scenario, and actual losses could be “significantly lower”, it is feared that around 9,000 jobs will be shed by the bank, over half of which are situated in the U.K. Continue reading ‘RBS Could Cut Up To 9,000 Jobs.’

G20: Global Economic Health A Priority

April 3rd, 2009 • No Comments

In addition to tripling the lending capacity of the International Monetary Fund (IMF) to $750 billion, the G20 summit saw world leaders take several other measures to ensure international trade resumes, protectionism is avoided, and countries struggling with the financial crisis receive the necessary assistance. A draft communique issued by the summit Thursday outlined. Continue reading ‘G20: Global Economic Health A Priority.’