Canada is winning when it comes to attracting immigrants, but failing to use its windfall. That was the take from RBC examining the immigration boom that makes up nearly all growth. In an email to investors, they explain the immigrants are younger and better educated than Canada’s domestic workforce. However, they were more likely to […]
Canadian employment data didn’t get the memo that higher rates are ruining the economy. Statistics Canada (Stat Can) released the January Labour Force Survey today. Employment is soaring, and showing few signs of slowing—Toronto and Vancouver being minor exceptions. The boom is likely to present concerns for the central bank, which had been expecting the […]
Despite the gloomy outlook, Canada is still churning out hot employment data. Statistics Canada (Stat Can) data shows the economy added over 100,000 jobs in December. Along with higher participation, this helped drive the unemployment rate within spitting distance of the record. At least one Big Six bank sees another rate hike, with robust job […]
Canada’s vast choice of unfilled jobs is quickly disappearing as the economy begins to tighten. Statistics Canada (Stat Can) data shows the number of job vacancies made a sharp decline in October 2022. That’s good news for moderating inflation as economic slack is absorbed, but also indicates we’re past peak growth and heading towards recession. […]
Canada’s record low unemployment rate just keeps falling, but it may not mean what we think it does. Statistics Canada (Stat Can) labor force survey (LFS) data shows unemployment fell in June. But so did the number of workers employed, while the unemployment rate also fell. The drop was due to more employees giving up […]
More Canadians are telling their boss, “take this job and shove it,” and it might surprise you to hear this is good news. This week, Statistics Canada (Stat Can) released the results of its June Labor Force Survey (LFS). Amongst mostly positive data was a point not often discussed — quitting due to dissatisfaction. Workers […]
Canadian business insolvencies are back after being quiet over the past few years. Data from the Office of the Superintendent of Bankruptcy Canada (OSB) shows business insolvencies jumped in Q1 2022. High inflation and withdrawal of support drove filings back to early 2020 levels. Experts see this as the beginning of a bigger trend, with […]
Canada’s hot employment market turned up a few degrees last month. Statistics Canada (Stat Can) released its Labour Force Survey showing April’s employment climbed. It was a relatively small increase, but enough to drive the unemployment rate to a new record low. Toronto and Vancouver are bucking the trend, though, both showing climbing unemployment rates. […]
North America’s busiest construction hole is seeing work grind to a halt this week. LiUNA Union Local 183‘s residential construction members voted to strike last night. The local represents a significant share of Greater Toronto’s residential tradespeople. As cost of living talks broke down, the union’s members entered a legal strike position. North America’s Largest […]
Canadian passports were once prized trophies for entrepreneurs, but times are changing. That’s the takeaway from the 2022 edition of the Passport Index. The Index is produced by Nomad Capitalist, a global consultancy for high net-worth entrepreneurs that happens to have over 400k Youtube subscribers. They only gave Canada a minor drop in score, but […]
