Financial Post

Canada sheds 24,000 jobs in July; wage growth reaches highest level since 2009

Statistics Canada said the unemployment rate edged up to 5.7 per cent from 5.5 per cent in June as more people looked for work after hitting record lows earlier this year. Analysts in a Reuters poll had predicted a gain of 12,500 jobs and an unemployment rate of 5.5 per cent.

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In terms of job creation, the economy saw its weakest three-month stretch since early 2018 after a strong start to 2019. Despite the job losses, of which 69,399 occurred in the private sector, one area of strength was the construction sector which recorded a 25,000 gain in July.

Economists in Canada and around the world are warning that a global recession is not a matter of if, but when. German industry is stagnating, the UK's GDP shrunk by 0.2 per cent in the second quarter, and ongoing trade disputes between China and the United States are factors as to why forecasts expect an economic downturn in the second half of 2019.

Latest Clip

What happens to NAFTA now that Canada's U.S. ambassador has resigned?

Canada's ambassador to the U.S., who played a key role in the negotiation of a new NAFTA, is leaving his post before the deal is ratified in the U.S. and Canada.

August 8, 2019
Global News

Liberals name challenger to Jody Wilson-Raybould in upcoming federal election

The Liberals on Tuesday are set to acclaim Vancouver tech entrepreneur Taleeb Noormohamed as their nominee for the Vancouver-Granville riding, where Wilson-Raybould is seeking reelection. Noormohamed has been a federal Liberal candidate before, when he ran to represent North Vancouver in the 2011 election before losing to Conservative Andrew Saxton.

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Independent MP Jody Wilson-Raybould now knows who her former party, the Liberals, have chosen to face off against her in the upcoming federal election. The riding of Vancouver-Granville will certainly captivate the country given the SNC-Lavalin scandal and Wilson-Raybould's expulsion from the Liberal caucus. Wilson-Raybould's memoir will be released at the end of the September, in the middle of the campaign.

Globe and Mail

Canada's ambassador to the U.S. David MacNaughton resigning

Canada's ambassador to the United States David MacNaughton is resigning at the end of August. MacNaughton has held the position since 2016 and was a central figure during the NAFTA renegotiation process. He will be heading to the private sector.

Kirsten Hillman will become Canada's acting ambassador to the United States.

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MacNaughton spent the last several months trying to convince the U.S. Congress to ratify USMCA. The North American trade agreement remains in doubt. Kirsten Hillman was also a key figure in the trade deals and so she will be able to navigate the discussions once Congress returns from its summer recess in September. Nonetheless, this is not the best timing with two and half months until the Canadian federal election.

Global News

Trudeau blasts Scheer for not marching in Vancouver Pride parade

Prime Minister Justin Trudeau criticized Andrew Scheer for being the only major national party leader to not participate in this past weekend’s Vancouver Pride parade saying, “I really wish Andrew Scheer were here today to pass that message to kids in rural areas who might be suffering bullying, suffering challenges, that we support them right across the board. But I’m here with politicians who do.”

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In June, Scheer confirmed he would not be taking part in any Pride parades this year. Trudeau on the other hand, has made it a point to attend Vancouver's Pride parade the last four years. The Prime Minister openly calling out Scheer will certainly play to his base. That being said, given that Elizabeth May and Jagmeet Singh were marching alongside the PM, it was rather easy messaging for the Trudeau comms team.

Financial Post

Canada sheds 24,000 jobs in July; wage growth reaches highest level since 2009

Statistics Canada said the unemployment rate edged up to 5.7 per cent from 5.5 per cent in June as more people looked for work after hitting record lows earlier this year. Analysts in a Reuters poll had predicted a gain of 12,500 jobs and an unemployment rate of 5.5 per cent.

More Coverage:
Tweets:
sussexCoverage:

In terms of job creation, the economy saw its weakest three-month stretch since early 2018 after a strong start to 2019. Despite the job losses, of which 69,399 occurred in the private sector, one area of strength was the construction sector which recorded a 25,000 gain in July.

Economists in Canada and around the world are warning that a global recession is not a matter of if, but when. German industry is stagnating, the UK's GDP shrunk by 0.2 per cent in the second quarter, and ongoing trade disputes between China and the United States are factors as to why forecasts expect an economic downturn in the second half of 2019.

Global News

Ethics commissioner investigating Liberal MP whose law firm was linked to alleged Chinese gangster

In a letter dated Aug. 6 from Conflict of Interest and Ethics Commissioner Mario Dion to Conservative MP Peter Kent, Dion confirms that his office is investigating Joe Peschisolido’s failure to report the fact that the B.C. Law Society took control of his law firm earlier this year.

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In July it was reported that the RCMP had opened a file into Peschisolido "after police informants claimed the MP knowingly associated with Chinese organized crime members through his former real estate law practice in Richmond, B.C."

This is very problematic for the Liberals who have been plagued with ethical scandals throughout the Trudeau mandate. Adding another wrinkle to this matter is the fact that it involves China. The Sino-Canadian relationship is at its worst it has been in years.

Airdate:

Kenny raises separatism concerns in anti-Trudeau video

Premier Jason Kenney raised concerns about Alberta separatism in an online video which targets Prime Minister Justin Trudeau ahead of the fall federal election.

Airdate: Aug 07, 2019

Airdate:

Canada may be 'collateral damage' in U.S.-China feud, MacKay warns

Former foreign affairs minister Peter MacKay joins BNN Bloomberg to weigh in on the latest developments in the China-U.S. trade war, and what options Canada has to diversify its exports.

Airdate: Aug 06, 2019

Airdate:

Conservative MP Deepak Obhrai dies of cancer at 69

Simon Fraser University political science professor Stewart Prest speaks about the legacy left by Conservative MP Deepak Obhrai.

Airdate: Aug 04, 2019

Friday, August 9th

0 Days Until Election Day

A new Mainstreet poll suggests People's Party leader Maxime Bernier is running neck-and-neck with the Conservatives in his riding of Beauce. The phone survey found Bernier was the choice of 28.7 per cent of respondents compared to 27.7 per cent for Richard Lehoux, the Conservative candidate.

Health Canada officials will hold a briefing on the Hill to give an update on the federal government's plan towards a national pharmacare program. Also in Ottawa, Environment Minister Catherine McKenna is expected to make an announcement in support of innovation in the agriculture sector. Meanwhile, Andrew Scheer is in Sydney, N.S. this morning. The Prime Minister remains in Montreal for private meetings

Stay tuned for our latest insights, top stories, and everything #elxn43 related.

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