US & Canada round-up: Bank of Canada says labour market improvements may be overstated, and more

15 May 14
US & Canada round-up: Bank of Canada says labour market improvements may be overstated, and more

A round-up of recent public finance stories from the US & Canada you might have missed.

A study by Canada’s central bank has found that official unemployment rates in Canada and the US might have exaggerated improvements in the labour market since the recession. (Wall Street Journal)

The United States posted a $107bn budget surplus in April, according to Treasury Department figures released on Monday, suggesting the federal government was on track to slash its annual deficit. (Reuters via CNBC)

With New York's aging Tappan Zee Bridge looming behind him, President Barack Obama challenged congressional Republicans to spend more money on the nation's crumbling roads, see-through bridges and outdated ports or face losing businesses to other countries. (The Associated Press via ABC News)

Canada’s job market continued its volatile trend in April, shedding about 29,000 positions when most analysts had expected a moderate gain. The decline sparked a sharp drop in the value of the Canadian dollar. (Financial Post)

An Illinois judge on Wednesday suspended the state's new pension reform law until lawsuits brought by unions, retirees and others challenging the constitutionality of the overhaul of the retirement system are resolved. (Reuters)

 

 

Did you enjoy this article?

Related articles

Have your say

Newsletter

CIPFA latest

Popular

Most commented

Events & webinars