Canada’s unemployment rate dropped to its lowest level since the start of the COVID-19 pandemic in March, according to the latest federal government figures released Friday. The Statistics Canada Labour Market Survey recorded unemployment of 7.5 percent, as Canada jobs increased by 303,100 during the month, moving employment within 1.5 percent of pre-COVID levels. The
Canada saw an employment rebound in February, adding 259,000 jobs and seeing the lowest unemployment since March 2020, when COVID-19 restrictions were first imposed. The Canada jobs Labour Market Survey saw an unemployment rate of 8.2 percent, as the major provinces of Quebec and Ontario spearheaded the recovery. Stakeholders will be hoping the figures are
Canada lost 213,000 jobs in January as second wave coronavirus restrictions took hold on the economies of Ontario and Quebec, according to the latest federal government figures. The Canada jobs Labour Market Survey saw unemployment increase to 9.4 percent during the month, as the country took a step back in its economic recovery from COVID-19.
Canada’s coronavirus recovery continued in November as employment rose by more than 62,000 and unemployment dropped to 8.5 percent. The Canada jobs Labour Force Survey recorded an employment increase of 0.3 percent for the month, slower than previous months but still another step in the right direction. The month saw full-time employment rise by 99,000,
Canada saw its unemployment rate edge down as it added 83,600 jobs in October, despite many provinces reimposing restrictions due to the second wave of COVID-19. The Canada jobs Labour Force Survey showed the unemployment rate fell 0.1 percentage points to 8.9 per cent compared to September. Of the employment increase, the majority was in
The Canadian economy surpassed growth expectations last fall, renewing hope that the recession is slowing down. According to the latest figures from Statistics Canada, the economy grew by 0.3 percent in both September and October, surpassing predictions. Overall the economy grew every month in 2013 excepting June. “Canada’s economy is showing sustained strength for the
According to a report by the CIBC, the number of non-permanent residents in Canada has more than doubled over the past decade. In total, there are almost 770,000 non-permanent residents in Canada – 450,000 more than there were 10 years ago – and they have a substantial impact on the housing market and consumer spending.
The Canadian economy performed surprisingly positively in October and is set to extend its broadly-based growth with higher exports to the U.S., but uncertainty remains over the impact of lower oil prices on the energy sector. According to Statistics Canada, Gross domestic product rose 0.3 per cent to an annualized $1.65-trillion in October, after a
Stephen Poloz has kept markets on edge ever since an unexpected rate cut to the Bank of Canada’s key interest rate in January, the first adjustment in four-and-a-half years. The Bank of Canada governor and his policy team are likely to keep their options open, maintaining the trendsetting lending level at 0.75 per cent —
A new Bank of Canada survey is sparking hope that economic recovery may be on the horizon. According to the Bank’s fourth quarter survey, released last week, there are “some positive signs” for the economy and projections for future sales growth are “solidly positive.” These positives are related to responses provided by businesses, signalling intent