Canadian Job Seekers Face Increased Competition in Cooling Labour Market This fall, job seekers in Canada are entering a challenging economic landscape as the previously booming labour market cools down and candidates face heightened competition due to record immigration levels. According to Friday’s jobs report, overall employment continued to rise, although mainly in the volatile …
By Staff The Canadian Press Posted October 5, 2023 1:11 pm Updated October 5, 2023 1:22 pm Descrease article font size Increase article font size Younger Canadians don’t want to be their own bosses, intensifying the slowdown in entrepreneurship in Canada, according to a new RBC report. The decline in the self-employment rate is also …
According to a report released on Wednesday by the Agri-Food Analytics Lab at Dalhousie University, Canadians are increasingly prioritizing cheaper food options over considering the nutritional value of their groceries. This shift in shopping habits comes as a result of more than a year of high food inflation, which has made trips to the grocery …
By Staff The Canadian Press Posted September 29, 2023 7:25 am Decrease article font size Increase article font size Statistics Canada will release its figures for the start of the third quarter today, providing insights into the economy. The agency will report real gross domestic product numbers for July. Earlier estimates for July suggested that …
Stubborn inflation may not necessitate another interest rate hike, but it could result in the Bank of Canada maintaining its policy rate at a higher level for a longer duration, as indicated by new forecasts released this week. An updated economic outlook from Deloitte Canada, published on Thursday, reveals a more challenging path for gross …
This year in Canada, the month of September holds significance for two reasons. First, there is mounting pressure on the Toronto Blue Jays as they strive to secure a wild card spot for the MLB postseason. Second, economists are analyzing data to update their forecasts on the potential decline in the economy. According to Statistics …
According to a recent poll conducted by Leger, it appears that almost half of the Canadian population is struggling to make ends meet, as the cost of living crisis continues to impact households. It is particularly concerning that young people are more likely to report poor financial conditions. Interestingly, the poll also suggests that the …
Wildfires have ravaged parts of Canada this summer, posing a significant challenge to the country’s tourism industry as it attempts to recover from pandemic-related restrictions. The fires, which have occurred in various provinces throughout the year, have forced residents to evacuate and disrupted businesses during the peak summer travel season. While the primary concern is …
This article is the fifth installment of the “New Roots” series, which examines the impact of evolving migration patterns and affordability challenges on communities in Canada since the COVID-19 pandemic. In this installment, Michelle Schiewe, a 48-year-old day trader and single mother, is preparing to leave her beloved community of Revelstoke, British Columbia. Revelstoke, with …
Canadian millennials, especially those who own homes, are facing a challenging future as interest rates rise, according to a new report from RBC. The report highlights that rising interest rates will have a significant impact on millennials and younger Generation X adults, making them more susceptible to job losses if the economy slows down. RBC …