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...Canada lost 71,000 jobs in November, most of them in the province of Ontario, whose manufacturing sector has traditionally been a primary source of growth and prosperity. The single biggest monthly drop in a quarter-century is unlikely to be an isolated incident, and compares against 533,000 job losses for the same period...
...Perhaps that question is premature since Canada's economy grew in the third-quarter, so it escaped the technical definition of a recession, which requires two consecutive quarters of shrinkage. But as the economic crisis triggered by U.S. subprime mortgages works its way through the economy, tens of thousands of jobs are being eaten up by a vortex of shrinking demand and plant closures. (See pictures of the recession...
...Excluding this scenario, the Canadian economy is expected to shrink 1.6% in the fourth quarter, on an annualized basis, followed by two consecutive quarters of decline, according to TD Bank Financial Group. After that conditions are expected to improve, but "it's going to be a shallow recovery," says economist Beata Caranci with TD Bank. She expects a contraction of 1.4% for all of 2009, followed by growth...
...percentage of lower-income students in the freshman class has held steady for the past few years at “just below about a quarter of the class” after rising when increases in financial aid were announced a few years ago. Currently, about 60 percent of the freshman class receives need-based financial assistance...
...important for us to continue to promote the Square, particularly the independently owned businesses, and particularly the newly established ones,” she said. “We seem to be doing okay, but we don’t yet know what the first and second quarter will bring once the inauguration is over.” Harvard’s stake in the success of local businesses is substantial. According to James Gray, associate vice president for Harvard Real Estate Services, the University owns around 10 percent of the retail locations in Harvard Square. Harvard Book Store...