Close X
Sunday, November 24, 2024
ADVT 
National

Huge job losses in B.C. indicate a 'hard road ahead': finance minister

Darpan News Desk The Canadian Press, 08 May, 2020 05:46 PM
  • Huge job losses in B.C. indicate a 'hard road ahead': finance minister
  • Huge job losses in B.C. indicate a 'hard road ahead': finance minister
  • Huge job losses in B.C. indicate a 'hard road ahead': finance minister
< >

British Columbia Finance Minister Carole James says she doesn't want to sugar coat what will be a hard road ahead as labour force figures show the province lost a quarter of a million jobs in April. Combined with jobless figures in March, almost 400,000 people were unemployed.

James says nearly half of the job losses were in food services and the wholesale and retail sectors.

B.C.’s unemployment rate jumped to 11.5 per cent in April, but remains below the national rate of 13 per cent.

James says it's too early to say what impact the COVID-19 pandemic will have on B.C.'s budget, but her quarterly report at the end of the summer will give more details.

She says the province has strong economic fundamentals and the government is working to build a robust rebound for B.C.

MORE National ARTICLES

Researchers Balancing Scientific Rigour With Speed To Find Covid-19 Treatment

OTTAWA - Researchers in the race against time to provide a proven treatment for COVID-19 will have to balance speed with scientific rigour, according to global experts.    

Researchers Balancing Scientific Rigour With Speed To Find Covid-19 Treatment

Supreme Court Rules Against Speeder In Dangerous-Driving Case

OTTAWA - A reasonable person should foresee the risk of driving almost three times the speed limit towards a major city intersection, the Supreme Court of Canada says in upholding a man's conviction.    

Supreme Court Rules Against Speeder In Dangerous-Driving Case

Preliminary Estimates of the Impact Of COVID-19 and Related Containment Measures on the B.C. Economy in 2020

Preliminary Estimates of the Impact Of COVID-19 and Related Containment Measures on the B.C. Economy in 2020
The economic impact of the COVID-19 virus is difficult to estimate because the situation is rapidly changing and because shuttering large segments of the economy is unprecedented.

Preliminary Estimates of the Impact Of COVID-19 and Related Containment Measures on the B.C. Economy in 2020

Lumber Producer Canfor Cuts Production And Capital Spending Due To COVID-19

Lumber Producer Canfor Cuts Production And Capital Spending Due To COVID-19
VANCOUVER - Canfor Corp. is cutting production and reducing capital spending as it deals with the COVID-19 outbreak.    

Lumber Producer Canfor Cuts Production And Capital Spending Due To COVID-19

New Nursing Home Cluster Amid Rising Covid Deaths And Economic Gloom

TORONTO - The steadily growing case load of COVID-19 infections in Canada surpassed 4,000 and the death toll shot up on Friday amid questions about fatalities that may not be counted as resulting from the pandemic.    

New Nursing Home Cluster Amid Rising Covid Deaths And Economic Gloom

Federal Deficit To Top $112 Billion In Coming Year Due To Covid-19, PBO Says

OTTAWA - Parliament's budget watchdog is projecting that the federal deficit for the coming fiscal year could be $112.7 billion, a jump of $89.5 billion from previous forecasts as government spending climbs to combat the economic fallout from COVID-19.    

Federal Deficit To Top $112 Billion In Coming Year Due To Covid-19, PBO Says