No news is good news—at least when looking at the headline employment data. Statistics Canada (Stat Can) data shows that both the number of jobs and the unemployment rate were unchanged in February. Looking past the headline data was less flattering, revealing that more people opting out of the workforce is the primary reason for […]
Canada’s economy is booming… or not. Depends on whether you’re in economics or finance—or in academia or looking for a job. Statistics Canada (Stat Can) seasonally adjusted data shows the country added tens of thousands of jobs in January, pushing the unemployment rate lower. Unadjusted data tells a very different story, with the country adding […]
Gravy & cheese curds. Tegan & Sara. Denim & denim…there’s only one iconic duo that trumps those to Canadains, and it’s the tightly integrated economies of Canada and the US. Like all bromances, this relationship is going through a bit of a rough patch, with the new American administration threatening to impose 25% tariffs on […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Population Grew Fast, But It Was Massively Overstated Canada’s fast-growing population isn’t moving nearly as fast it led people to believe. Due to the difficulty of tracking people leaving the country, the number of remaining immigrants is significantly inflated. The national […]
Canada’s brief immigration policy shift will have a much bigger impact than people appreciate. Statistics Canada (Stat Can) released its latest population projections, factoring in the November 2024 immigration policy changes from the IRCC. Most see the 2-year shift as too small to have much impact, forgetting that population growth went from high to out-of-control […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada To Face 2nd Largest Recession Ever If It Enters A Trade War: BoC Canada isn’t responding well to American tariff threats, and it can cost both countries a lot. National Bank of Canada (NBF) looked at the BOC modeling done back […]
Toronto is out and Saskatoon is in—at least for those looking for a robust job market. That’s the take from BMO’s latest labor market rankings of Canada’s 33 largest cities. The country added tens of thousands of jobs, but surging population growth means some cities did worse than others. Places like Toronto saw a sharp […]
Canada’s economy continues to outperform, and received further revisions of prior data. Statistics Canada (Stat Can) data shows real gross domestic product (GDP) showed surprising growth in October, coming in 3x expectations as real estate returned as a driver. September data has also been revised to show double the growth originally reported, indicating the economy […]
The Canadian and American economies often move together, but the loonie is the latest sign that won’t be the case this time. The Canadian dollar has been plunging against the US dollar, a.k.a. Greenback. That loonie’s erosion was amplified this month as the two central banks diverged on outlooks for their respective economies, with the […]
Canada isn’t officially in a recession, but its largest city is already experiencing one. Statistics Canada (Stat Can) data shows seasonally adjusted unemployment in Toronto CMA surged in November. Nearly 1 in 10 of the region’s workers are struggling to find work despite actively looking. The unemployment rate is now at levels not seen outside […]
