Canada’s job market entered choppy waters last month, and the impact from tariffs have yet to be felt. Statistics Canada (Stat Can) data shows employment fell in March, with job losses concentrated in private sector employment. Unemployment has already been tracking significantly higher than pre-2020. However, fewer jobs and more people experiencing long-term unemployment boosted […]
Canada’s economy is making progress but the average worker is in a rut. A new report from the National Bank of Canada (NBF) explains to investors that the economy is doing much better than most anticipated. Unfortunately, that’s going to be short-lived as economic anxiety takes control of households. Consequently, they see up to 190k […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Unemployment Stalls As More Young Adults Opt Out Of The Workforce Canada’s unemployment rate is stabilizing, easing the public’s economic concerns. However, looking past the headline data, we see the problem shifting to a different area. Last month’s job numbers and […]
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 largest city is commonly known as the country’s economic capital, but that may change soon. Statistics Canada (Stat Can) data shows the Toronto CMA region added tens of thousands of jobs in January, but added even more unemployed people. Nearly 1 in 11 of the region’s workers are now actively unemployed and seeking work—a […]
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 […]
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 […]
Canada will have a hard time putting a positive spin on the latest employment data. Statistics Canada (Stat Can) data shows the country added jobs in August but added 4x the volume of workers too. As a result, the unemployment rate pushed higher—especially in the country’s largest cities, which are now showing unemployment rates consistent […]
The Canadian job market isn’t exactly weakening. It’s just failing to keep up with the country’s breakneck population growth, according to June employment data from Statistics Canada (Stat Can). Jobs were largely unchanged, but the population of unemployed workers has exploded dramatically. Canada’s unemployment rate is now the highest in years, and even more alarming—nearly […]
Canada rapidly scaled its generous immigration policy to fill a surge of vacant jobs. Those vacancies proved to be temporary, but the immigration policies remain largely unchanged. According to Bank of Canada (BoC) data, this is producing higher unemployment and more competition for the remaining jobs. As a result, 1 in 8 recently arrived immmigrants […]
