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Stock impact report

Politics Insider: Canada's economy sheds almost 25,000 jobs [Globe and Mail, The (Toronto, Canada)]

Bank Of Montreal (BMO) 
Last bank of montreal earnings: 2/25 06:00 am Check Earnings Report
The manufacturing industry lost 28,000 workers in January, while Ontario shed 67,000 positions. Full-time positions jumped by 45,000 last month. Most of the losses were contained to Ontario. Alberta, meanwhile posted a jobs increase of 20,000. Bank of Montreal chief economist Doug Porter called the update a “proverbial mixed bag” in a client note. He added that it was consistent with an economy that is adjusting to three structural changes at once: U.S. tariffs that have hit manufacturing, the slowdown in population growth and the rapid rise in the population over 65 (who are exiting the work force). The final two factors are taking pressure off the unemployment rate, he said. The Globe's Vanmala Subramaniam has the latest Also today, Ontario Premier Doug Ford said he will not be calling a public inquiry into the delays and cost overruns related to the Eglinton Crosstown light-rail line, which is set to open this Sunday after 15 years of construction. Mr. Ford was at th Show less Read more
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