Canadian immigration is often the bull case for the Big Three immigration hubs — Toronto, Vancouver, and Montreal. A new Statistics Canada (StatCan) study on immigrant labor market outcomes puts a kink in the thesis though. The study focuses on the outcomes of immigrants between the 2001 and 2016 Censuses. Amongst the data, it reveals […]
Canadian unemployment is world class amounts of bad, but it’s even worse if you’re a young person in the country. OECD data shows the rate of unemployment amongst member states. Canada is currently a big stand out, with the highest rate amongst G7 countries. The unemployment trend isn’t evenly spread out though, with young people […]
Canada’s job losses varied by educational attainment according to Statistics Canada (Stat Can) data in December 2020. The stats show those with the least amount of education, exited the workforce in the greatest number. The number of people employed with university degrees, actually climbed during the period. Canadian Jobs Are Down Significantly Since The Pandemic […]
A record number of Canadians are collecting unemployment benefits. Statistics Canada (Stat Can) data shows claims for regular employment insurance (EI) benefits in November. Unadjusted claims for the month came in at a record high for the data set. While it’s a historic surge, it was largely expected due to changes in the qualifying criteria. […]
Toronto’s millennials, and their kids, are moving to other parts of the province. Statistics Canada (Stat Can) data shows Toronto printed another net loss for intraprovincial migration in 2020. Tens of thousands more people left for other parts of the province than arrived. The trend of losses has been consistent for years, but ramped up […]
Canada’s largest real estate markets aren’t even close to seeing employment recover. Statistics Canada (Stat Can) data shows the number of employed people in the country slipped in December. The largest real estate markets moved in various directions last month. However, all have significantly fewer jobs than they did last year. Canadian Employment Slipped Lower […]
Canadian real estate agents must be looking forward to a very jolly Christmas. Statistics Canada (Stat Can) data shows ownership transfer costs, which are primarily sales commissions, reached a record high in Q3 2020. The rate of growth for the segment is now growing 11x faster than GDP. About The Data Today we’re looking at […]
The pandemic is taking its toll on businesses, but to what extent is still pretty much a mystery. Statistics Canada (Stat Can) data recently released, shows monthly store closures made a sharp decline in July. Store closures in this case are defined as businesses that had employment the previous month, but didn’t in the reported […]
Canada’s largest city has claimed the top spot for the rate of people in poverty, across the country. Statistics Canada (Stat Can) data released this morning shows a drop in at least one measure of poverty across the country. As expected, the drop was uneven though, with some of Canada’s major cities seeing a sharp […]
The unemployment shock from the pandemic is still working its way around the country. Government of Canada (GoC) data shows Canada Emergency Response Benefit (CERB), the unemployment benefit sparked by widespread workplace closures due to the pandemic, is seeing new applications slow in growth as of the week of August 2. The economy is starting […]
