Canada’s economy was sputtering before COVID-19, but last week’s job losses are unprecedented. The Federal government now estimates 960,000 jobless claims were made just last week. The number of claims for the week is higher than any monthly tally in Canadian history. The weekly bump is around 5% of the workforce making the unemployment rate […]
Canadian restaurants were already getting crushed by soaring real estate prices, and now they’re facing pandemic fallout. Data from Open Table shows the big drop off in traffic for restaurants in Canada’s largest cities. Cities like Toronto were already facing weak traffic growth. However, this was capitulated after COVID-19 cases began to rise. Montreal had […]
Canadians are under a lot of financial stress these days, but we’re not seeing a rise in defaults. That might have to do with the number of multiple jobs they’re working. Statistics Canada (Stat Can) data shows a big jump in Canadians working multiple jobs in October. The rise puts the level of multi-job holders […]
Canada’s job market is improving, largely due to Canadians making their own jobs. Statistics Canada (Stat Can) numbers show the unemployment rate fell in September. The vast majority of the jobs gained were from self employment. Real estate is still growing slightly faster than general employment across Canada. BC is a notable exception, where the […]
Still wondering if Canadian real estate is running the economy? Just look at the latest job numbers. Statistics Canada (Stat Can) numbers show a small uptick in unemployment, with 24,000 jobs lost in July. However, the weakness didn’t impact the real estate and construction industries. Both sectors are now at an all-time high for jobs, […]
Canadian employment slipped last month, according to one of the world’s largest payroll processors. ADP Canada National Employment Report shows non-farm payrolls decline in May. The decline was due to construction, which led the country to the first May drop in over seven years. ADP Canada National Employment Report The ADP Canada National Employment Report […]
