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By Christopher Rugaber The Associated Press Fri., Nov. 2, 2018 WASHINGTON — U.S. employers added a stellar 250,000 jobs last month and raised average pay by the most in nearly a decade. The Labour Department’s monthly jobs report, the last major economic data before Tuesday’s congressional elections, also showed that the unemployment rate remained at a five-decade low of 3.7 per cent. The influx of new job-seekers in October increased the proportion of Americans with jobs to its highest level since January 2009. Consumers are the most confident they have been in 18 years and are spending freely and propelling brisk economic growth. The U.S. economy is in its 10th year of expansion, the second-longest such period on record, and October marked the 100th straight month of hiring, a record streak. The resulting strength in customer demand has led companies to steadily add workers. Though economists predict that hiring will eventually slow as the pool of … [Read more...] about U.S. adds 250,000 jobs, pay growth fastest since 2009
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Many countries don’t use credit scores like the US — here’s how they determine your worth
caption Most countries do not have a credit score system like the US. source LDprod/Shutterstock A credit score is a number, used in countries like the US and Canada, which aims to predict your likelihood to meeting financial obligations like paying back a loan. Having a low credit score can make it harder and more expensive to get a mortgage, for example. Mant countries do not have a credit score system like the US, instead only tracking negative credit marks rather than tracking positive ones. In the US, a good credit score can feel like a key determinant of success. It defines how good an interest rate you can get on a car loan or mortgage, the quality of credit card you can get approved for, or if you’ll get approved for any credit at all. The better your score, the better the perks. A bad score can become a black mark that leads to missing out on the home you want (credit checks are a … [Read more...] about Many countries don’t use credit scores like the US — here’s how they determine your worth
Ford’s claim that Hydro One customers on the hook for $50M in potential severance a ‘flat out lie’: energy minister
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By Rob Ferguson Queen's Park Bureau Fri., May 4, 2018 Doug Ford’s claim that Hydro One customers are on the hook for $50 million in potential severance payouts to American executives in the takeover of U.S. energy company Avista Corp. is a “flat out lie,” says Energy Minister Glenn Thibeault. The Progressive Conservative leader said Friday that Hydro One’s $6.7-billion deal to buy Avista includes “golden parachutes” for 13 executives at Avista if they are fired without cause, but wouldn’t say whether he would axe the deal if elected premier June 7. Details of the severance terms are in public securities filings for the transaction with Avista, based in Spokane, Wash. “This makes my blood boil,” Ford told a news conference Friday, sidestepping questions on what he would do about the severance and the broader deal with Avista, which is going through a lengthy approvals process in several states. … [Read more...] about Ford’s claim that Hydro One customers on the hook for $50M in potential severance a ‘flat out lie’: energy minister
Judges denounce ‘egregious’ delays at one of Canada’s busiest courthouses
By Jacques Gallant Legal Affairs Reporter Sat., April 14, 2018 At the beginning of the year, a Brampton judge sounded the alarm over federal prosecutors taking far too long to disclose their evidence to the defence in drug cases, resulting in criminal charges being tossed due to delay. “There are other judges in this jurisdiction that have issued judicial condemnation about the period of time it has taken the federal prosecution service of Canada to complete the disclosure process to permit the parties to proceed and/or move the matter along in non-complex importing cases,” wrote Ontario Court Justice Paul O’Marra in a January ruling, staying a man’s heroin-related charges due to unreasonable delay in getting his case to trial. “I join that chorus of condemnation. The period of time that it took to provide disclosure to counsel in this case was unacceptable.” The issue of court delays across the country has come under … [Read more...] about Judges denounce ‘egregious’ delays at one of Canada’s busiest courthouses
CN Rail’s former CEO earned more than $12 million in 2017
By Ross Marowits The Canadian Press Mon., March 26, 2018 MONTREAL—Canadian National Railway Co.’s former chief executive received $12.3 million in compensation last year, before he left the company as it struggles through operational and customer service challenges, the Montreal-based railway said in a regulatory filing. Luc Jobin’s total compensation was up from $8.3 million in 2016, when he assumed the top job halfway through the year. He was chief financial officer for the first six months. His total compensation was slightly lower than the Royal Bank’s Dave McKay, at $12.4 million, the best compensated of Canada’s top five bank CEOs in 2017. Read more: CN Rail abruptly replaces CEO amid ‘poor operating performance’ Article Continued Below CN Rail’s new CEO apologizes to customers, vows to clear backlogs, speed up service Interim CEO says CN Rail beginning to recover from weak start to year But he was far … [Read more...] about CN Rail’s former CEO earned more than $12 million in 2017