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Tag: Canadian Employment

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This Week’s Top Stories: Canada’s Largest Cities See Insolvencies and Unemployment Make Big Climbs

April 26, 2020

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Employment In Canada’s Largest Cities Is Worse Than It Looks The unemployment rate in Canada’s biggest cities is rising, but doesn’t capture how bad things are. In Toronto the unemployment rate reached 7.8% in March, up 11.42% from last year. This […]

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Canada

Canada’s Commercial Landlords Are Getting A Bailout… Kind of

April 16, 2020

Brick and mortar small businesses have been forced shut, or face almost no traffic. Wage relief is being delivered, with the government covering up to 75% of payroll costs at impacted businesses. Subsidized wages help, but another very large expensive still needs to be considered  – rent. Commercial rents have been soaring, and tenants, even […]

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Canada

Canadian Small Businesses Sentiment Improves, But 63% See Further Layoffs

April 13, 2020

Canadian businesses are getting used to the lock down, but things are still going to get worse. Canadian Federation of Independent Business (CFIB) data shows an improvement of business sentiment in April. The improvement is still relatively mild, as most small to mid-size enterprises (SME) prepare for more layoffs over the next few months. About […]

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Canada

Canadian Jobless Claims Smash Previous Records, Unemployment Rate Likely In Double Digits

March 25, 2020

Canada’s economy was sputtering before COVID-19, but last week’s job losses are unprecedented. The Federal government now estimates 960,000 jobless claims were made just last week. The number of claims for the week is higher than any monthly tally in Canadian history. The weekly bump is around 5% of the workforce making the unemployment rate […]

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Canada

Here’s How Bad Canadian Restaurants Are Doing Into The COVID-19 Pandemic

March 17, 2020

Canadian restaurants were already getting crushed by soaring real estate prices, and now they’re facing pandemic fallout. Data from Open Table shows the big drop off in traffic for restaurants in Canada’s largest cities. Cities like Toronto were already facing weak traffic growth. However, this was capitulated after COVID-19 cases began to rise. Montreal had […]

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Canada

Canadians Holding Multiple Jobs Is On The Rise

November 12, 2019

Canadians are under a lot of financial stress these days, but we’re not seeing a rise in defaults. That might have to do with the number of multiple jobs they’re working. Statistics Canada (Stat Can) data shows a big jump in Canadians working multiple jobs in October. The rise puts the level of multi-job holders […]

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Canada

Canada’s Job Market Improves, With 4 Out 5 Jobs Coming From Self-Employment

October 11, 2019

Canada’s job market is improving, largely due to Canadians making their own jobs. Statistics Canada (Stat Can) numbers show the unemployment rate fell in September. The vast majority of the jobs gained were from self employment. Real estate is still growing slightly faster than general employment across Canada. BC is a notable exception, where the […]

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Canada

Canada Loses 24,000 Jobs, But The Canadian Real Estate Industry Picks Up Over 30,000

August 13, 2019

Still wondering if Canadian real estate is running the economy? Just look at the latest job numbers. Statistics Canada (Stat Can) numbers show a small uptick in unemployment, with 24,000 jobs lost in July. However, the weakness didn’t impact the real estate and construction industries. Both sectors are now at an all-time high for jobs, […]

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Canada

Canada Lost 16,000 Jobs In May, Over 11,000 Were In Construction

June 25, 2019

Canadian employment slipped last month, according to one of the world’s largest payroll processors. ADP Canada National Employment Report shows non-farm payrolls decline in May. The decline was due to construction, which led the country to the first May drop in over seven years. ADP Canada National Employment Report The ADP Canada National Employment Report […]

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