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Canada’s oil-producing provinces have been ranked among the world’s top economic performers in a newly released think-tank report. Each year, the Conference Board of Canada ranks 16 of the world’s richest countries in terms of economic performance, based on factors such as growth and employment rates. This year, however, the Canadian think-tank not only analyzed
According to popular perception, the Temporary Foreign Worker Program, currently under intense Parliamentary scrutiny following a series of program abuse allegations by the Royal Bank of Canada, three McDonald’s franchises in Victoria, British Columbia and a pizza restaurant in Weyburn, Saskatchewan, was a program that had merit on paper initially, before it spiralled out of
Canada’s employment Minister has announced a new plan to partner “underemployed” immigrants with employers in the manufacturing sector. Speaking at an Ontario manufacturing company last week, Employment Minister Jason Kenney announced new government funding and initiative partnerships with the Canadian Manufacturers and Exporters group. The main initiative hopes to address worker shortages through newcomers whose
Revised data released by Statistics Canada shows that Canada’s economy created a net of 41,700 jobs in July, far more than expectations of market analysts. Below are reactions from Canada’s Bay Street: Paul Ferley, Assistant Chief Economist at Royal Bank of Canada: “A totally different story here … with the revision, suggesting a totally different
Canadian employers still have plenty of work to do if they truly aim to attract and utilize skilled workers from abroad, according to the president and CEO of the Asia Pacific Foundation of Canada Yuen Pau Woo. In light of the recent Immigrant Employment Summit in British Columbia, Woo argues that despite the common rhetoric
A new survey reveals that more than half of Canada’s adult workforce is unwilling to relocate for pursuing employment opportunities, which also throws light on why many Canadian companies have to hire temporary foreign workers because of the shortage of local skills. The survey, conducted by Ipsos Reid for the Canadian Employee Relocation Council (CERC),
(Revised) Released at 8:30 a.m. Eastern time in The Daily, Friday, August 15, 2014 In July, employment increased by 42,000 as a result of an increase in part-time work (+60,000). Unemployment rate declined by 0.1 percentage points to 7.0%. In the 12 months to July, employment rose by 157,000 or 0.9%. Most of the growth was reported in part-time work. The total hours worked went
The unemployment rate in June rose by 0.1 percentage points to 7.1% as more people were searching for work in Canada. Compared to last year, employment increased by 72,000 or 0.4%. It was the lowest yearly growth rate since February 2010. Little changed in the number of hours worked in the past 12 months. Among
Canada must recognize the potential economic advantage that immigrants bring if it wishes to remain globally competitive, according to one of the country’s top economists. In a recent piece for the Globe and Mail, Royal Bank of Canada chief executive officer Gordon Nixon, calls for more efforts to tap into under-utilized immigrant skills. He points
