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Tag: Canadian Population

Canada

Canadian Unemployment Claims Rip To 2008 High, Disqualifications Soar

September 21, 2023

Canada’s tight labor market is getting more questionable with each data release. Statistics Canada (Stat Can) data reveals employment insurance (a.k.a. unemployment) claims jumped in July. Excluding the pandemic, the country hasn’t seen this many claims since 2008. The surge occurred alongside a major uptick in claim disqualifications. Canada Has Seen A Major Uptick In […]

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Canada

If Canadian Unemployment Is So Low, Why All The Long Job Lines?

September 14, 2023

Canada’s labor market is just off record lows, but a quick drive and it may not seem that way. Statistics Canada (Stat Can) reported the unemployment rate was 5.5% in August, just off the record low. Yet viral videos are popping up with lines of hundreds of people looking for entry-level jobs. More and more […]

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Canada

Canadian Population Growth Requires 50k New Jobs Per Month: Stat Can

September 8, 2023

Canada’s population boom led to a talent windfall, but the country has no idea how to use it. Statistics Canada (Stat Can) data revealed much better-than-expected job gains in August 2023. However, those job gains failed to keep up with the population growth, ultimately softening the labor market. It may get a lot worse soon, […]

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Canada

Canada’s Student Visa Strategy Takes Off, Nearly 1 In 48 People On A Study Permit

August 28, 2023

Canada has seen a surge of study permits issued, a key part of its population growth strategy. Immigration, Refugees and Citizenship Canada (IRRC) data shows study permits, a.k.a. student visas, surged higher in Q2 2023. The surge isn’t just about population growth, but is also a part of a plan to help maintain its waning […]

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Top Stories

This Week’s Top Stories: Canadian Mortgage Credit’s Record Drop, & An Immigration Boom

March 26, 2023

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Job Market Is Changing Fast As Vacancies Fall Sharply Canada’s been hit with a labor shortage over the past few years, but that may be coming to an end. Statistics Canada reported both vacant roles and the vacancy rate plummeted last […]

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Canada

Canada’s Record Population Growth Needed, But Expect “Stress And Inflation”: BMO

March 23, 2023

Canada continues to outperform its peers for population growth. Statistics Canada (Stat Can) data shows record population growth in 2022. The increase was driven entirely by immigration, with most of it “temporary” labor. One of the country’s Big Six banks believes the boom is needed to help the country’s long-term labor market issues, but first, […]

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Canada

Canadians Are Still Leaving Major Cities In Big Numbers: BMO

January 12, 2023

Canada’s large cities are now entirely dependent on immigration as local residents continue to flee and seek greener pastures.

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Toronto

Toronto Residents Are Leaving At A Record Pace, Immigration Takes Over Growth

January 11, 2023

Greater Toronto residents are fleeing for other parts of the country at an alarming pace, indicating opportunity may be outside of the hub.

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Canada

Canadians Permanently Leaving Was Unusually High For The First Quarter

June 24, 2022

Canada’s booming population growth is obfuscating a trend policymakers should be watching — emigration. Emigration, the act of moving from a country, saw an unusual surge in Q1 2022. It was the biggest Q1 for emigration in a half decade, shows Statistics Canada (Stat Can) data. The recent surge marks the end of a trend […]

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Canada

Canada’s Real Estate Bubble Won’t Be Protected By Population Growth: BMO

May 5, 2022

Canadian real estate prices won’t correct due to population growth, right? Well, BMO Capital Markets shared a different take with institutions this morning. The bank explains there is no historical evidence to support this narrative. During the last significant home price crash, Canada saw its population grow at a faster rate. They warn interest rates […]

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