Canada’s progress on crime is rolling back, and it may be a sign of eroding economic opportunity. Statistics Canada (Stat Can) data showed an increase in its Crime Severity Index for 2022. Both violent and non-violent crime is on the rise, with the odds of being a victim at 1 in 16. Especially of concern […]
Canadian households are about to be hit with a demand limiting factor—income. Household disposable income growth is failing to keep up with inflation according to StatCan data. Even worse, once adjusted for inflation and the country’s booming population growth, it paints a dreary picture as debt problems surface. Household Disposable Income Household disposable income is […]
Canada’s economy has been lucky enough to buck recession forecasts, but its luck may be running out. The country’s latest job report showed huge job gains in June. However, it’s the rising unemployment rate that caught the attention of BMO’s chief economist. In a note to investors, they warned the rising rate has a near-foolproof […]
Considering a new job? Might want to start applying, because the balance might shift back to employers soon. Statistics Canada (Stat Can) quarterly data shows a substantial decline in both vacant job listings and the job vacancy rate in Q4 2022. Despite the quick move, diving into the monthly numbers shows a higher-level may downplay […]
Canada is winning when it comes to attracting immigrants, but failing to use its windfall. That was the take from RBC examining the immigration boom that makes up nearly all growth. In an email to investors, they explain the immigrants are younger and better educated than Canada’s domestic workforce. However, they were more likely to […]
Canadian employment data didn’t get the memo that higher rates are ruining the economy. Statistics Canada (Stat Can) released the January Labour Force Survey today. Employment is soaring, and showing few signs of slowing—Toronto and Vancouver being minor exceptions. The boom is likely to present concerns for the central bank, which had been expecting the […]
Despite the gloomy outlook, Canada is still churning out hot employment data. Statistics Canada (Stat Can) data shows the economy added over 100,000 jobs in December. Along with higher participation, this helped drive the unemployment rate within spitting distance of the record. At least one Big Six bank sees another rate hike, with robust job […]
Canada’s vast choice of unfilled jobs is quickly disappearing as the economy begins to tighten. Statistics Canada (Stat Can) data shows the number of job vacancies made a sharp decline in October 2022. That’s good news for moderating inflation as economic slack is absorbed, but also indicates we’re past peak growth and heading towards recession. […]
Canada’s record low unemployment rate just keeps falling, but it may not mean what we think it does. Statistics Canada (Stat Can) labor force survey (LFS) data shows unemployment fell in June. But so did the number of workers employed, while the unemployment rate also fell. The drop was due to more employees giving up […]
More Canadians are telling their boss, “take this job and shove it,” and it might surprise you to hear this is good news. This week, Statistics Canada (Stat Can) released the results of its June Labor Force Survey (LFS). Amongst mostly positive data was a point not often discussed — quitting due to dissatisfaction. Workers […]
