Friday, July 19, 2019

It's Just An Economy

A thing that people pay attention to during an election year, as opposed to some wild Twitter battle between a sitting president and a rabid anti-semite:

According to the ADP Canada National Employment Report, Canada added 30,400 jobs in June.
The manufacturing sector did not add any jobs, while there were 10,400 jobs added in construction.
The natural resources and mining sector lost -500 jobs.

Most jobs added were in the service sector, with 7,000 added in trade/transportation and utilities, while 8,800 were added in professional/business services.


However, the job gains in June have been dampened by a revision to the May figures.

Originally, it was reported that 16,000 jobs were lost in May. Now, ADP says 36,700 jobs were lost in May.

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Prime Minister Justin Trudeau urged European partners this week to finalize Canada’s trade deal with the EU, a push that came with his government facing a tough sales job at home: getting domestic firms to use it.

A recent government survey suggests the vast majority of small and medium-sized exporters, which are positioned to benefit from the Comprehensive Economic and Trade Agreement, could very well be asking: CETA who?

The survey said only seven per cent of the surveyed businesses were familiar with details of the Canada-EU deal, while fewer than three quarters had even heard of it. Only nine per cent said they took advantage of CETA and 17 per cent planned to use it. ...

“Among Canadian (small-to-medium-sized enterprises), there was fairly low awareness of Canada’s free-trade agreements,” said an analysis that accompanied the results.

“Few companies use any of these free-trade agreements; the exception is (the North American Free Trade Agreement).”

Yes, but trade agreements look pretty impressive during an election year, so ...

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