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Alberta's unemployment rate climbs to 7.9% and spreads to the maritimes

Alberta's unemployment rate climbs to 7.9% and spreads to the maritimes

Although there was little change in the number of people unemployed, more people reported to be looking for work in Alberta which drove the February unemployment rate to 7.9%, from 7.5% the previous month.

  • Unemployment rates jumped sharply in the Maritime provinces; PEI rose from 9.5% to 11%, Nova Scotia from 8.5% to 9.1% and New Brunswick's rates rose from 9.3% to 9.9%.
  • Saskatchewan's unemployment rate also rose slightly from 5.6% to 5.9%.
  • BC added the most jobs last months but an increase in the labour force left their unemployment rate unchanged.

The hardest hit sectors in February were natural resources, education and health care. Canada's unemployment rate rose to 7.3% in February, much worse than economists were expecting.

Paris-based International Energy Agency declares a bottom in oil prices

Paris-based International Energy Agency declares a bottom in oil prices

Imperial Oil files regulatory application for expansion of Cold Lake

Imperial Oil files regulatory application for expansion of Cold Lake

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