this post was submitted on 04 Aug 2023
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Canada

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The Canadian economy unexpectedly shed a net 6,400 jobs in July while the jobless rate ticked up to 5.5%, data showed on Friday, cementing analyst expectations that the Bank of Canada will pause its interest rate hike campaign.

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[–] cyborganism 9 points 2 years ago (1 children)

Isn't Telus eliminating 7000 jobs?

[–] cygnus 5 points 2 years ago (1 children)

Yes and so is Bell, but this is a net loss of jobs, which means those losses were offset by gains elsewhere for a total of 6400 fewer jobs than before.

[–] CoffeeBot 4 points 2 years ago

Good thing we keep letting these oligopolies buy each other. It’s never good for the actual people.