No short term fix for Alberta job losses: federal employment minister

CALGARY -- Canada's employment minister says there is no short-term fix for Alberta's growing unemployment rate.

MaryAnn Mihychuk met with Calgary business, municipal and economic leaders Monday to address economic difficulties facing the province.

See Full Article

She said there's no magic wand the federal government can wave to undo the impact of low oil prices, which have led to 40,000 job losses in the energy sector.

"We understand the crisis here in Alberta. It's not only here. This is the most dramatic, but it's also impacting Saskatchewan, Manitoba and B.C.," Mihychuk said.

One of the first things the federal Liberal government intends to do is move ahead with cash for infrastructure projects and there is likely to be funding in the upcoming federal budget, she said.

"This is going to be able to move some people from one sector to another. We will work with the province to ensure some training happens if some people need to be remobilized.

"But did I come with a wallet full of cash? No."

Mihychuk said she sympathizes with those who are facing tough times and the efforts they are making to try to carry on through the challenges.

But she warned things will probably get worse before they get better.

"Your unemployment numbers have gone up, which provided greater access to employment insurance. Is that going to be enough for this downturn? I don't think so."

Federal Conservative Leader Rona Ambrose accused the Liberals of having no economic plan, other than to tax and spend, to respond to the collapse of oil prices.

"I am urging Prime Minister Trudeau to recognize the job crisis in Alberta and be clear about his plan to support Alberta growth and job creation, both in the short and long term," Ambrose said in a statement.

Lost jobs in Alberta have put a tremendous strain on the province, she said.

"Across Alberta, thousands of families are facing the holidays without an income to cover basic needs.

"Food-bank use has skyrocketed and Albertans are increasingly battling emotional and mental-health issues because of their tough circumstances."

Ambrose said any federal plan should include job training, infrastructure spending and innovation investments. She also suggested the government needs to find a way to get pipelines approved and built.

"Canada loses billions by not accessing world prices for oil and developing export markets in the massive and growing Pacific Rim economies."



Advertisements

Latest Economic News

  • OPEC set to prolong oil output cuts by nine months

    Economic CBC News
    OPEC is likely to extend production cuts for another nine months, ministers and delegates said on Tuesday as the oil producer group meets this week to debate how to tackle a global glut of crude. OPEC's top producer, Saudi Arabia, favours extending the output curbs by nine months rather than the initially planned six months, as it seeks to speed up market rebalancing and prevent oil prices from sliding back below $50 per barrel. Source
  • U.S. says Fiat Chrysler used software to beat emissions tests

    Economic CTV News
    DETROIT -- The U.S. government is suing Fiat Chrysler, alleging that some diesel pickup trucks and Jeep SUVs cheat on emissions tests. The lawsuit filed Tuesday by the Justice Department marks the second time the government has gone after an automaker alleging use of software on diesel engines that allows them to emit more pollution on the road than during Environmental Protection Agency lab testing. Source
  • Are 30-somethings earning more than their parents? StatsCan study says yes

    Economic CTV News
    OTTAWA -- A new study from Statistics Canada says that Canadian children have, on average, fared better financially than their parents. The research published today finds that of Canadians who turned 30 between 2000 and 2014, between 59 and 67 per cent -- depending on the year -- had a family income that was equal to, or greater than what their parents earned at the same age. Source
  • In Bombardier fight, Boeing sees ghost of Airbus ascent

    Economic CBC News
    Two words underpin Boeing's decision to launch a U.S. trade complaint against Bombardier, which plunged it into a row with Canada last week: "Never again". Allegations that the Canadian firm dumped newly designed CSeries passenger jets in the United States at a steep loss have threatened a sale of F/A-18 warplanes to Ottawa, sending Boeing scrambling to save the deal. Source
  • Macron tries to sell plan to reform France's labour market

    Economic CTV News
    PARIS -- French President Emmanuel Macron is holding meetings with unions and business organizations to discuss reforming the country's labour market, which many blame for France's sub-par economic performance over recent years. Government spokesman Christophe Castaner told France 2 television that Tuesday's meetings aim at opening a "dialogue" but that the "unions must understand the need for changing lines. Source
  • BlackBerry boost helps push Toronto stock index moderately higher

    Economic CTV News
    TORONTO -- Canada's main stock index made moderate gains in morning trading today with help from banks, utilities and BlackBerry. The Toronto Stock Exchange's S&P/TSX composite index was up 41.19 points to 15,499.65 after 90 minutes of trading. Source
  • Lobster thefts: 3 face charges in $3M international fraud case

    Economic CTV News
    BARRINGTON, N.S. -- A lengthy RCMP investigation into allegations of fraud and theft involving more than $3 million worth of lobster has led to charges against three Nova Scotia men. The Mounties say their investigation started in July 2015 when allegations arose that a man from Shag Harbour, N.S. Source
  • Extra work and time leads to jump in Canada Summer Jobs funding requests

    Economic CTV News
    OTTAWA -- Almost 42,000 businesses have applied to hire a student through the Canada Summer Jobs program, surpassing the number of applications last year, the federal government says. The number of applications could be considered a bit of a miracle after federal officials predicted earlier this year that applications would fall short of the government's goals. Source
  • 1st Trump budget chops food stamps, Medicaid while boosting defense & infrastructure spending

    Economic CBC News
    President Donald Trump Tuesday is unveiling a $4.1 trillion spending plan that relies on faster economic growth and steep cuts to programs for the poor in a bid to balance the government's books over the next decade. Source
  • 1st Trump budget chops food stamps, Medicaid while boosting defence & infrastructure spending

    Economic CBC News
    President Donald Trump Tuesday is unveiling a $4.1 trillion spending plan that relies on faster economic growth and steep cuts to programs for the poor in a bid to balance the government's books over the next decade. Source