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Canada to Post Modest Job Losses, Alberta at Risk

From wbponline.com

Canada’s economy is expected to lose 5,000 positions in August, while the unemployment rate is expected to remain untouched at 6.8%, according to analysts’ consensus. The biggest concern for the month remains whether employment losses will expand from the resource sector to other industries, especially in the energy-sensitive provinces like Alberta. "The big question mark is whether the weakness in the resource sector, particular oil and gas, will eventually start to cause weakness in total job creation in Canada, but so far it hasn’t happened," vice-president with Scotia Economics, Derek Holt, told WBP Online. "I ... (full story)

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