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Bank of Canada says labor market can weather a slump without a jobless surge

Bank of Canada says labor market can weather a slump without a jobless surge

© Reuters. FILE PHOTO: Bank of Canada Governor Tiff Macklem takes part in a news conference in Ottawa, Ontario, Canada October 26, 2022. REUTERS/Patrick Doyle By Steve Scherer and David Ljunggren OTTAWA (Reuters) -Canada’s red-hot labor market can weather an economic slump without seeing a major surge in unemployment, Bank of Canada Governor Tiff Macklem…

Ukraine minister: GDP contraction of 39% expected in 2022 vs earlier forecast of 35%

Ukraine minister: GDP contraction of 39% expected in 2022 vs earlier forecast of 35%

© Reuters. FILE PHOTO: A view of an apartment building damaged by Russian shelling, as Russia’s attack in Ukraine continues, in Avdiivka, Donetsk region, Ukraine November 7, 2022. REUTERS/Oleksandr Ratushniak/File Photo WASHINGTON (Reuters) – Ukrainian economy minister Yulia Syvrydenko said Russia’s destruction of civilian infrastructure would widen the expected contraction of gross domestic production to…