Labour Market
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Job seekers could soon face an ’employer’s market’ as unemployment rate risesCanada's unemployment rate ticked back up to 5.8 per cent in February as population growth continues to outpace job creation in the country.EconomyMar 8
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Holiday job postings down 30% amid cooling labour market: IndeedCanadian postings for seasonal holiday jobs are down 30 per cent from a year ago so far, according to Indeed, amid a softening economy and cooling labour market.CanadaNov 9, 2023
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Canada’s job market is ‘softening’. What that could mean for interest ratesCanada's unemployment rate rose to 5.7 per cent in October despite a gain of 18,000 jobs. Economists say it's a sign of 'softening' in the labour market.CanadaNov 3, 2023
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Millennials set to face most economic pain in months ahead, RBC says. Here’s whyMillennials who are saddled with debt such as costly mortgages might well bear the brunt of higher interest rates in the months to come, a new RBC report argues.MoneyAug 23, 2023
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‘The hard work begins.’ Economists expecting rise in inflation rateBoth BMO and CIBC expect inflation to come in at 3.1 per cent in July, mainly due to gas prices. But there's debate over whether the Bank of Canada will raise interest rates.CanadaAug 13, 2023
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Canada needs more immigrants to counter aging population, report saysThe federal government is eyeing higher annual immigration targets, which would see the country welcome 500,000 immigrants per year by 2025.CanadaJul 17, 2023
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Canada’s labour market is showing signs of slowing. Will it help bring inflation down?'If wage growth is going to cool, then we better see inflation come down even faster,' said a senior economist with job site Indeed.EconomyJul 5, 2023
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As Canada attracts temporary foreign workers, calls grow for more immigration pathsAs hotel and restaurant owners increasingly turn to temporary foreign workers to fill labour gaps, there are growing calls to give those workers more paths to permanent residency.CanadaJun 16, 2023
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As inflation cools, higher wages could stand in the way of reaching 2% goalStatistics Canada's consumer price index report set to be released Tuesday is expected to show inflation slowed once again in April.CanadaMay 12, 2023
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Quebec’s minimum wage set to go up to $15.25 beginning MondayThe increase from the current $14.25 wage is the largest percentage increase in the province's minimum salary since 1995.CanadaApr 30, 2023
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