Canada Labour Market
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Jobless rate rises to 6.4% in June. Here’s how the Bank of Canada might reactThe unemployment rate rose to 6.4 per cent in June. Here's what economists and markets are saying about the impact the data could have on the Bank of Canada's interest rate.EconomyJul 5, 2024
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‘I don’t take days off’: Small business owners face brutal hours in talent crunchCanadian small business owners faced with a persistent labour shortage are working an average of 59 hours per week, a recent report finds.CanadaApr 27, 2023
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Canada’s farms face a wave of retirements, worker shortages. Will food prices rise?Two in every five farm operators in Canada are set to retire in the next decade, a new report shows, putting at the country's agricultural output at risk.CanadaApr 6, 2023
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It was a ‘blowout’ jobs gain in January. What could this mean for rate hikes, recession?Canada's labour market remains tight as the unemployment rate held just above the record-low at 5.0 per cent amid a surge of 150,000 new jobs in January.EconomyFeb 10, 2023
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Strong December job growth was muted by more sick workers, StatCan data showsThe Canadian economy added more than 100,000 jobs in December to close out the year, sending the unemployment rate down to 5.0 per cent.EconomyJan 6, 2023
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Employment rate for women 25-54 rises to record 81.6% in NovemberCanada's economy added a modest 10,000 jobs in November, edging the unemployment rate further down to 5.1 per cent, Statistics Canada said.CanadaDec 2, 2022
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Not everyone thinks Canada’s new immigration plan will grow the economy the way it shouldNot everyone agrees Canada's new immigration plan will solve labour shortages, especially in the retail and service sectors.CanadaDec 1, 2022
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Canada closing gap with U.S. in workforce race with immigration boostThe annual number of permanent residents admitted to the U.S. was well below pre-pandemic levels in 2021, while Canada welcomed the most newcomers ever in a single year.CanadaDec 1, 2022
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As Canada boosts immigration, skills mismatch ‘discouraging’ newcomersThe federal government has increased its yearly target for the number of immigrants coming into Canada to fill labour gaps and offset an aging workforce.CanadaNov 16, 2022
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Canadian economy added 108K positions in October in ‘blowout’ jobs reportThe agency is scheduled to publish its labour force survey for October Friday morning. The report comes as economists worry about a possible recession.EconomyNov 4, 2022
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