Posted AT 10:59 AM EDT on 10/02/06
Factories lose jobs
Canadian manufacturers struggled under the weight of a strong currency and foreign competition in January, cutting 41,600 jobs in January. It was the sharpest decline since February, 1991, according to Statistics Canada.
Of those January cuts, 33,000 occurred in Ontario, the country's manufacturing heartland.
Those reductions come on top of more than 100,000 job cuts last year, with two thirds of those in Ontario.
The full text of this article has 486 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | +40.81 | 13,246.95 |
| DJIA | +12.54 | 11,361.82 |
| S&P 500 | +1.30 | 1,253.84 |
| Nasdaq | +4.53 | 2,284.64 |
| Stock Profile | Sponsored by: |
|---|---|
 |
MOST POPULAR 
Most Popular
| Rank | Headline |
|---|---|
| 1. | 'Surprise' surpluses questioned 3:01 AM
|
| 2. | Loblaw profit rises 18 per cent 9:06 AM
|
| 3. | U.S. home foreclosures more than double 8:59 AM
|
| 4. | Oil patch springs $5-billion gusher 2:49 AM
|
| 5. | Oil slips below $125 on flagging demand 9:56 AM
|
| 6. | WTO talks appear deadlocked 6:51 AM
|
| 7. | World stocks hit one-week low 7:30 AM
|
| 8. | Honda profit rises 8 per cent 6:24 AM
|
| 9. | Norbord loss deepens as U.S. demand drops 7:50 AM
|
| 10. | U.S. stocks face prolonged bear dance 7:19 AM
|
42Business incubator
- Turning an idea into a best seller
- Spinmaster's toy guru Ben Varadi
The Law Page
- Lawyer finds gaping hole in securities law
- Plus: A fierce litigator who was a 'gentleman'
Video Pick
- Henry Paulson speaks
- The U.S. Treasury Secretary speaks on the U.S. housing crisis
Magazine
- Who will benefit from drilling offshore Brazil?
- Just a handful of firms in line for potential bonanza
Marcus GeeNations can thrive without democracy, but only for so long
Madelaine DrohanThe great Doha trade divide
BARRIE McKENNARecord prices put Arctic oil within reach
RICHARD SIKLOSThe strange case of the superheroes, the geeks and the studios
NEIL REYNOLDSWhy we continue to chase the next new thing