After 2016, a year of ups and downs for the Canadian economy, there’s a growing body of evidence suggesting 2017 will be a better year. Here are five big reasons the economy could do a lot better than you might think this year. The job market is recovering It may be cold comfort to anyone still looking for work, but Canada’s job market ended 2016 on a bit of a…
Canada’s unemployment rate held steady at 7.3 per cent in May following two months of large gains. Statistics Canada said Friday the economy created 7,700 new jobs last month. That wasn’t enough to move the employment rate one way or the other, although it was slightly ahead of the 5,000 gains that economists were expecting. But the jobs showing was a marked slowdown from the previous two months, which saw…
Anti-oilsands activists hit back at recent criticism of foreign funding of environmental charities Thursday by releasing a report showing oilsands companies are overwhelmingly foreign-owned. ForestEthics Advocacy — a spin-off of ForestEthics, which is a registered charity — released a shareholder analysis conducted using Bloomberg statistics that found 71 per cent of all companies operating in the Fort McMurray, Alta., area are not Canadian. Of the remaining companies that are headquartered…
A new report from The Conference Board of Canada suggests job seekers may be in for a tough time in the next few months. The Ottawa-based economic research group said Friday its monthly help-wanted index survey suggests hiring prospects will be poor, falling in 17 of 26 metropolitan areas it surveys, including nine out of 10 in Ontario. Also Friday, a forecast from Capital Economics predicted Canada’s economy will remain…
If you’ve been wondering which job sectors have been showing the biggest gains or the largest loses then you’re in luck because Statistics Canada has released their new numbers.
Monday is the day of love, but if you are one of 1.4 million unemployed Canadians, chocolates and flowers may be the last thing on your mind. Two weeks ago, Finance Minister Jim Flaherty spoke pessimistically in the House of Commons about employment prospects in 2011. He said the best we could hope for was more of the same, i.e. unemployment rate in the range of 7.6 per cent. Days…
Canada’s economy has done a good job of recouping all the jobs lost during the recession — just not as good as the numbers suggest, a new TD Bank report concludes. The analysis, which comes a day before Friday’s data for December closes the books on 2010, notes that given the modest expectations, it was a strong year for job growth in Canada. Dating back to July 2009, when the…
Two years removed from what many feared would be the total collapse of the world economic and financial systems, Canadians may be forgiven for asking — “What was the big deal?” The most severe global recession in six decades fizzled into a run-of-the mill slump in Canada lasting three quarters and costing just over 400,000 jobs, a mere 2.4 per cent of the labour force. And as the second anniversary…