Tom Sweeney

It's a coming of age tale….

Archive for February 6th, 2009

Friday is dooms day….

Posted by sweens on February 6, 2009


As I briefly mentioned earlier in the week, a report that came out today shows that January was the worst month for employment in Canada in the last 3 decades.  Canadian employers were forced to cut a record number of 129,000 employees which drove unemployment up from 6.6% to 7.2%.

 

Statistics Canada has reported the downturn in employment as the largest since 1976.  The manufacturing sector was one of the hardest sectors hit setting record numbers of lost jobs.  Of the 129,000 jobs lost, 100,000 of them them came from the manufacturing sector.

 

While this situation has affected everything from the Canadian dollar to the housing market, economists are suggesting that Canadians will climb out of this economic downturn quicker then previous economic situations. 

To read more, please visit:

http://ca.news.yahoo.com/s/reuters/090206/business/cbusiness_us_economy_jobs_canada

Posted in News | Tagged: , , , | Leave a Comment »

Facebook turns 5… Nortel continues bankruptcy protection plan!

Posted by sweens on February 6, 2009

Internet social networking giant FACEBOOK turns five (5) today.  FACEBOOK shared this milestone with its 150 Million members.  To read more details on this, please view:

http://ca.news.yahoo.com/s/afp/090205/technology/us_society_internet_facebook

 

In other news, NORTEL is seeking to extend its bankruptcy protection to May 1 (a 3-month extension) while the former Telecommunications giant tries to restructure its business.  To read more details on this, please view:

http://ca.news.yahoo.com/s/reuters/090206/business/cbusiness_us_nortel

Posted in News | Tagged: , , , | Leave a Comment »

 
Follow

Get every new post delivered to your Inbox.

Join 135 other followers