Young Canadians aren’t interested in joining the trades, and it’s a big problem. RBC Economics took a look at skilled workers, and the anticipated shortage. The labor shortage isn’t just due to a large demographic cliff though. Not enough young adults are attracted to the field, nor are new immigrants. This squeeze can result in […]
The Canadian economy suffered some setbacks last month, but they’re likely to resolve. BMO‘s Canadian Business Activity Index (BAI) advanced in July, showing an improving environment. Erik Johnson, one of the bank’s economists, said the growth was much smaller than a month before though. This may appear concerning at first, but the bank believes this […]
Canada is seeing a shortage of labor, but no one wants to pay more. BMO chief economist Douglas Porter broke down June’s average wage earnings. He found wages aren’t rising very much, especially when considering rising vacancies and high inflation. Canadian Wages Have Been Showing Low Growth Canadian wages aren’t growing very fast, even with […]
The Canadian economy is slowly recovering, but the unemployment rate is still elevated. Somehow small businesses are unable to find unskilled labor, even as wages rip higher. National Bank Canada (NBC) deputy chief economist Matthieu Arseneau attributes this to generous income support. In the bank’s opinion, the support has created a “disincentive” to work. Canadian […]
It might seem like everyone is working from home, but the majority of Canadians can’t. Statistics Canada (Stat Can) data on work from home trends was released this morning. The agency broke down the rate of those that could from April 2020 to June 2021. The top 10% of household incomes were more than 9x […]
One of Canada’s top economists found the latest employment numbers “odd.” BMO chief economist Douglas Porter’s latest research note looked at employment data. Statistics Canada (Stat Can) data shows April payrolls rising, but employment falling. The agency attributed these conflicting trends to a lag in payroll, which they say is typical. Porter pulled the receipts […]
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. […]
