Canadian unemployment level reached 9-month record high in January

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Source: Bloomberg
Canada's jobless rate increased to 9-month record high in January amid slower hiring. The unemployment rate grew to 7.6% compared to 7.5% in December, said Statistics Canada. Economists questioned by Bloomberg earlier predicted that jobless level will remain unchanged at 7.5%. Hiring rose by 2300 last month. Consumers account for about 50% of Canada's economy. 
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Fri, 03 Feb 2012 14:18:41 GMT

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Wen Jiabao considers contributing to Euro bailout packages

Chinese PM Jiabao said the government is considering providing financing to EFSF and ESM in order to stabilize Euro monetary union after a meeting with Angel Merkel in capital Beijing. China is evaluating possible ways how to finance bailout funds through the IMF, said PM Jiabao. China is the largest holder of foreign exchange reserves. 

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