df309792   
   XPost: can.general, can.politics, soc.culture.canada   
   From: Canuck57@nospam.com   
      
   Siobhan Medeiros wrote:   
   > On Oct 9, 7:13 am, abc  wrote:   
   >> Canada adds 31,000 jobs in September   
   >>   
   >> October 9, 2009 9:10 AM   
   >>   
   >> The Canadian economy gained a much better-than-expected 31,000 jobs in   
   >> September, driven mostly by full-time jobs, Statistics Canada said   
   >> Friday, as the economy continued to show signs recovering from the   
   >> country’s first recession since the early 1990s.   
   >>   
   >> The Canadian economy gained a much better-than-expected 31,000 jobs in   
   >> September, driven mostly by full-time jobs, Statistics Canada said   
   >> Friday, as the economy continued to show signs recovering from the   
   >> country’s first recession since the early 1990s.   
   >> Photograph by: File, Reuters   
   >>   
   >> OTTAWA — The Canadian economy gained a surprising 30,600 jobs in   
   >> September, driven mostly by full-time jobs, Statistics Canada said   
   >> Friday, as the economy continued to show signs of recovering from the   
   >> country's first recession since the early 1990s.   
   >>   
   >> "September's full-time increase of 92,000 — the largest since May 2006   
   >> — was partially offset by part-time losses of 61,000," the federal   
   >> agency said. "Construction, manufacturing and educational services saw   
   >> employment increases in September, while there were declines in   
   >> transportation and warehousing."   
   >>   
   >> The federal agency said the unemployment rate fell to 8.4 per cent from   
   >> 8.7 per cent in August — the first monthly decline since the beginning   
   >> of the labour market downturn in the fall of 2008.   
   >>   
   >> Most economists had expected 5,000 additional jobs during the month,   
   >> with the unemployment rate rising to 8.8 per cent. This follows a   
   >> surprise gain of 27,100 jobs in August. That gain was driven mostly by   
   >> part-time positions, but was the first month in four that there hadn't   
   >> been a net loss of positions.   
   >>   
   >> The report also noted that employment in the beleaguered manufacturing   
   >> sector increased by 26,000 in September — the first notable increase   
   >> since February 2009. Employment in construction rose in September by   
   >> 25,000 and educational services saw a gain of 18,000 jobs.   
   >>   
   >> In an interview with a Toronto radio station Tuesday, Prime Minister   
   >> Stephen Harper said real recovery would be evident in Canada when the   
   >> jobless rate starts to fall.   
   >>   
   >> "I don't think the recovery really has kicked in earnest until we start   
   >> to see the kind of (improvement) that starts to turn around the   
   >> unemployment situation," Harper said.   
   >>   
   >> Millan Mulraine, economics strategist at TD Securities said the   
   >> positive figure ". . . will certainly lead the Bank of Canada to focus   
   >> on the timing of future interest-rate increases set out in its   
   >> conditional commitment to hold interest rates at the current level   
   >> (0.25 per cent) until the second quarter of 2010."   
   >>   
   >> "Nonetheless, while for now we continue to expect the policy rate to   
   >> remain unchanged until the fourth quarter of 2010, we think that the   
   >> risks of an earlier move have increased dramatically," he said.   
   >>   
   >> Tuesday, the Reserve Bank of Australia became the first of the G20   
   >> nations to raise interest rates since the onset of the recession.   
   >>   
   >> "Just to give a sense how abruptly Canada's labour market has turned,   
   >> in the past six months, the economy has managed to lose next to no jobs   
   >> — yet in the prior six months ending in March, the economy had lost a   
   >> cannonading 354,000 jobs," said Douglas Porter, deputy chief economist   
   >> at BMO Capital Markets.   
   >>   
   >> "Today's report also highlights the deep divide between the North   
   >> American job markets, with Canada in a much friendlier place."   
   >>   
   >> A U.S. Labour Department report two weeks ago showed employers there   
   >> cut 263,000 jobs in September, pushing the unemployment rate up to 9.8   
   >> per cent.   
   >   
   > And to think, if we'd done what the Tories said and allowed the Royal   
   > Bank and Bank of Montreal to merge, instead of  recovering we'd still   
   > be staggering from the impact of the economic crisis.   
      
   News to me, RBC and BMO merging?  Please cite?   
      
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