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Tag: Canadian Employment

Canada

Canadian Passports Are No Longer A Prized Possession For Entrepreneurs & The Rich

April 19, 2022

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 […]

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Canada

Over 1 In 5 New Canadians Are Considering Leaving, Cost of Living A Major Factor

March 28, 2022

Canada bills itself as an immigration hub, but more immigrants are unhappy after arriving. A new Leger survey conducted on behalf of the Institute for Canadian Citizenship (ICC), shows the cost of living is becoming a big deterrent. That’s the number one challenge new Canadians see weighing on future immigration. It’s become so bad, over […]

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Canada

Canadian Job Vacancies Are Rising But Wages Aren’t Budging

February 24, 2022

Canadian unemployment fell and job vacancies are rising, creating a tighter labor market. Statistics Canada (Stat Can) payroll data shows job vacancies were climbing in December. At the same time, the unemployment rate has dropped to pre-pandemic levels. A tight labor market is usually good for wages, but that isn’t the case this time. The […]

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Canada

Canadian Real Estate Agents and Brokers See Record Revenues And Record Profits

February 24, 2022

Canada’s booming real estate market is making it rain for the industry. Statistics Canada (Stat Can) data shows agents and brokers collected record revenue in 2020. Despite a slow second quarter, elevated demand in the second half more than made up for the hiccup. Strong demand (and price growth) helped to drive the largest profit […]

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Canada

Canada’s Unemployment Rate Is Falling While Long-Term Unemployment Soars

January 10, 2022

Canada’s job market is back but it looks very different than it did pre-pandemic. Statistics Canada (Stat Can) data shows two diverging employment trends evolving. Canada’s booming economy is producing a low unemployment rate and soaring job vacancies. Despite the tight labor market, long-term unemployment hit the highest level in more than two decades. Canada’s […]

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Canada

The BoC Is Waiting For Full Employment To Raise Rates. Banks Say Canada Is Past That

December 14, 2021

Canada’s central bank renewed its mandate, but with one fundamental change. The Bank of Canada (BoC) will now consider employment in addition to its goal of maintaining a 2% rate of inflation. The Governor stressed, it’s difficult to figure out when full employment is present. Two of Canada’s “Big Six” banks say full employment has […]

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Canada

Canada Now Has Over 1 Million Vacant Jobs As More People Exit The Workforce

November 27, 2021

Canadian employers are struggling to find labor but this isn’t just reopening pains. Statistics Canada (Stat Can) data shows over one million vacant jobs in September. The common take is, this hiring boom is reopening pains as the economy grows. Further analysis of the same data set shows that might not be the case last […]

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Canada

Canadian Entrepreneurs Are Quitting While Government Employment Soars

November 24, 2021

Canada prides itself on being an ideal environment for entrepreneurs but stats disagree. Statistics Canada (Stat Can) employment data shows self-employment is shrinking. These individuals now represent the smallest share of employment since the early 1980s. At the same time, the public sector has been hiring roughly two people per self-employed job lost. Employment might […]

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Canada

Commercial Real Estate Is Still Contracting In Tech Hubs, Yet To Stabilize: CBRE

November 9, 2021

Commercial real estate has been in a bit of a rut and it looks like it’s not going to end as fast as some hope. Commercial real estate giant CBRE released its annual Tech 30 report. The firm’s assessment is these markets are in the middle of a contraction phase and have yet to stabilize. […]

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Canada

Canada’s Unemployment Rate Is Improving… As More People Exit The Workforce

November 6, 2021

Canada’s unemployment fell and things sound a lot better, but it might not be what it seems. Statistics Canada (Stat Can) data shows the unadjusted unemployment rate fell in October. A deeper dive shows a drop in full-time employment was made up by a rise in part-time employment. Also, the drop in unemployed people? It […]

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