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09/26/2024

The Future of Work: Companies Leading the Remote Revolution By AdminSeptember 25, 2024September 25, 2024Remote work / WFH / Hybrid work The rise of remote work has accelerated due to advancements in technology and the increasingly global nature of the workforce. Companies can now hire talent from an...

The new minimum wage of $17.40 in British Columbia has been in effect since June 1, 2024.
06/06/2024

The new minimum wage of $17.40 in British Columbia has been in effect since June 1, 2024.

No change on BoC overnight rate, continues quantitative tightening 🏦The Bank of Canada today held its target for the ove...
01/24/2024

No change on BoC overnight rate, continues quantitative tightening 🏦

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.

The economy is expected to pick up around mid-2024, with more spending, exports, and business investments. The central bank predicts GDP growth of 0.8% in 2024 and 2.4% in 2025. Inflation is at 3.4%, mainly due to high shelter costs. It’s expected to stay around 3% for the first half of the year before easing to 2% in 2025. Despite some price easing, core inflation isn’t dropping much. The bank is keeping the policy rate at 5% and normalizing its balance sheet, concerned about inflation risks. They want to see sustained easing in core inflation to restore price stability for Canadians.

BC employer attention:The Pay Transparency Act in B.C. mandates the inclusion of salary or wage information on all publi...
10/26/2023

BC employer attention:

The Pay Transparency Act in B.C. mandates the inclusion of salary or wage information on all publicly advertised job postings starting November 1, 2023. This requirement applies to all employers in the province and should specify either the exact wage or a wage range, without unspecified minimum or maximum amounts. Employers may choose to include bonus pay, overtime, tips, or benefits but are not required to do so. The regulation does not dictate the range size, allowing employer discretion. It also applies to jobs posted by third parties for B.C. residents. "Help wanted" ads without specific job details are exempt from this requirement.

Large-scale layoffs at Scotiabank and Desjardins hit the news大規模的裁員在加拿大豐業銀行（Scotiabank）加鼎集團（Desjardins）成為新聞焦點Desjardins ...
10/21/2023

Large-scale layoffs at Scotiabank and Desjardins hit the news
大規模的裁員在加拿大豐業銀行（Scotiabank）加鼎集團（Desjardins）成為新聞焦點

Desjardins is cutting approximately 400 jobs due to economic concerns and the need to recover from prior investments. The layoffs will primarily affect their offices in Montreal and Levis, Quebec, representing about 0.6% of the workforce. Some reductions will occur through attrition. Desjardins emphasizes prudent management, cost control, and optimizing office space for hybrid work. In June, they laid off 176 people in Montreal. Scotiabank also recently announced 2,700 layoffs (3% of their global workforce) due to economic challenges and cost management. RBC previously cut 1% of staff and plans further reductions to reduce costs.

加鼎集團因經濟擔憂和需要從先前的投資中恢復資金，計劃裁減約400個職位。 這些裁員將主要影響該銀行在Montreal 和 Levis, Quebec的辦公室，約佔員工總數的0.6%。 一些職位將透過自然流失而消失。 加鼎集團強調謹慎管理、成本控制，以及為混合工作優化辦公空間。 今年6月，他們已在Montreal裁員176人。 加拿大豐業銀行（Scotiabank）最近也因面臨經濟挑戰和成本管理而宣布將裁員約2,700人（佔其全球工作人員的3%）。 而加拿大皇家銀行（RBC）先前已裁減了1%的員工，並計畫進一步降低成本。

https://www.jobmoose.ca/career-counseling/scotiabank-desjardins-layoffs/

Sept 29 Labor Market UpdateIn the latest Sept employment data, the accommodation and food services sector showed positiv...
10/20/2023

Sept 29 Labor Market Update

In the latest Sept employment data, the accommodation and food services sector showed positive growth with an increase of 3,200 jobs (1.8%). Agriculture experienced a decline of 2,300 jobs (-9.5%). Most other sectors had minor fluctuations, with notable gains in educational services, finance, and retail trade. Information, culture, and recreation took a hit, losing 6,100 jobs (-4.3%). Overall, the job market displayed mixed results, with some sectors gaining while others saw losses, with retail trade showing the most significant increase of 9,100 jobs (2.1%).

在最新加拿大九月的就業數據中，住宿和餐飲服務業顯示出積極的增長，新增了3,200個職位（1.8％）。農業則經歷了2,300個職位的下降（-9.5％）。大多數其他行業出現輕微波動，值得注意的是教育服務、金融和零售貿易方面有顯著增長。信息、文化和娛樂則受到了沖擊，失去了6,100個職位（-4.3％）。 總括來說，就業市場呈現出複雜的趨勢，其中零售貿易方面的增長最為顯著，增加了9,100個職位（2.1％）。

https://www.jobmoose.ca/news/elementor-615/

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