Canada’s job market is worse than it looks, according to one of Canada’s largest banks. National Bank of Canada (NBF) is warning investors the surprising growth in payroll data has been misread as strength, but zooming out reveals it’s now aligning with the weakness observed in the Labour Force Survey (LFS). When combined with plunging […]
Canadian households are once again piling on debt faster than their incomes can keep up—if they ever stopped. Statistics Canada (StatCan) data show the household debt-to-income (DTI) ratio climbed for a third straight quarter in Q2 2025. It’s still below the 2021 peak, but that drop has less to do with deleveraging and more to […]
Canadians aren’t bouncing back from the pandemic’s hit to life satisfaction. Statistics Canada (StatCan) data show the average life satisfaction score slipped in Q2 2025, the first decline in more than a year. The recovery is stalling before it reaches pre-pandemic levels, and a provincial breakdown shows sharp divides in how people feel about their […]
Canada’s economy just keeps taking hits—the latest is this morning’s job report. The unemployment rate climbed sharply in August, according to Statistics Canada’s Labour Force Survey. What was once a demographic issue is now a demand problem. Real job losses are materializing, and they’re not limited to trade-exposed sectors. The data points to a deeper […]
The Canadian economy was cruising smoothly until this year, but its landing is now looking choppy. National Bank of Canada (NBF) economists are warning investors that the economy slipped into excess supply in Q2. The Big Six bank sees this problem continuing into Q3 with job creation drying up, GDP contracting, and investment fleeing into […]
Canada’s blowout job report in June looks like a headfake after last month’s erosion. Statistics Canada (Stat Can) data shows a sharp decline in jobs for July, partially rolling back most gains made the month before. The details were even worse—the labour force contracted, while long-term and youth unemployment reached levels not seen in decades. […]
Cracks are forming under the surface of Canada’s job market. The country’s job vacancy rate has plunged to an 8-year low, and well below the pre-pandemic rate. The problem looks even more serious when contrasted with the American labor market, warns BMO Capital Markets. Canada’s plunging job vacancy rate isn’t getting much attention with recent […]
Canadians are stuck between a rock and a hard place, most likely CSA G40.21 (steel joke, sorry). To protect domestic producers, policymakers slapped tariffs on steel imports last year—and went nuclear with counter tariffs when the U.S. declared a trade war. The result? Collateral damage for industries like real estate, where higher input costs are […]
Canada’s oldest bank has a message for investors and policymakers: “kids are not alright.” BMO economists are warning investors that the youth unemployment among those aged 15 to 24 has been rising aggressively, and remains at recession levels in June. The issue isn’t that of job losses, but the population growing faster than the economy […]
Canada’s job market is improving despite warnings against slowing population growth. The unemployment rate fell in June, helped by tens of thousands of new jobs being added. This pushed the employment-to-population ratio to a 3-year high. A significant job deficit remains, but the economy may be on track—if policymakers avoid reverting to chasing short-term, non-productive […]
