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EI recipients continue to rise in Alberta & Saskatchewan but news claims start to level off

EI recipients continue to rise in Alberta & Saskatchewan but news claims start to level off

Statistics Canada reported that 548,700 Canadians received Employment Insurance (EI) benefits in February, up 0.8% from January and up 6.7% year/year. 

Saskatchewan saw the biggest increase (+3.5%), followed by Alberta (+2.4%). Some of the hardest hit cities remain Calgary (+2.5%), Kelowna (+2.5%) and Saint John, NB (+3.8). The number of EI recipients in Edmonton grew 1.4%.

In contrast, the total number of new claims declined 4.5% across the country, led by drops in BC (-10.2%), Manitoba (-5.2%), NL (-5.2%) and Saskatchewan (-3.6%). The number of new claims in Alberta was unchanged from the previous month. It's unclear whether the recent change in the EI program for Alberta and Saskatchewan are to blame for the increase.

Okotoks-based Mullen Group slashes dividend 62.5%

Okotoks-based Mullen Group slashes dividend 62.5%

Kinder Morgan misses on earnings and cuts 2016 capital budget

Kinder Morgan misses on earnings and cuts 2016 capital budget

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