Recent immigrants are more likely to trust the media than people who were born in Canada or had spent more time here, federal data shows. A report released by Statistics Canada on March 31 indicated that recent immigrants have a “substantially higher level of confidence” in the country’s media. “For example, among South Asian people,…
Recent Immigrants More Likely to Have Confidence in Canadian Media: Statistics Canada
Health Canada Considers Cutting Marijuana Regulations After Numerous Bankruptcies in Industry: Report
Following numerous bankruptcies of marijuana businesses, Health Canada announced on March 25 that it is considering cutting regulations on the industry. Growers, wholesalers, and retailers are blaming federal taxes and regulations for ruining the licensed cannabis industry, as first reported by Blacklock’s Reporter. “The legal cannabis industry has matured, the marketplace has evolved, and there…
Number of Canadians Collecting EI Lowest Since 1997: StatCan
The number of Canadians collecting Employment Insurance (EI) benefits has reached the lowest amount ever since the federal government began keeping records on the matter in 1997, a new Statistics Canada study finds. The agency says that 375,000 Canadians received regular EI benefits during the month of January, which was down by about 20,000 from December 2022,…
Inflation Falls Sharpest in February Since Covid Recession
Inflation in Canada saw a sharp deceleration in the month of February to reach a 5.2 percent year-over-year increase compared to 5.9 percent in January. This was the largest drop since April 2020, the month after stock markets reached rock bottom due to the pandemic recession. Statistics Canada says that despite inflation slowing in recent…
35% of Canadians Struggling to Pay for Groceries, MPs Hear
About 35 percent of Canadians are struggling to pay for groceries as inflation continues to push food prices higher, Statistics Canada representatives told MPs on a House of Commons committee. “Since early 2021, higher prices for gasoline, shelter, food, and consumer durables like automobiles have put upward pressure on consumer inflation,” said Matthew MacDonald, assistant director…
4 Years After Legalization, Cannabis Tax Revenue Finally Meets Annual Federal Estimates: StatCan
Last year, sales of legal cannabis taxed by provincial and federal authorities finally met estimates tabled by the Liberal government in 2018 when it legalized recreational marijuana, according to a recent Statistics Canada report. Recreational cannabis sales across the country facilitated by “provincial cannabis authorities and other retail outlets” in the 2021-2022 fiscal year totalled…
Canada’s Economy Flatlined in Last Quarter of 2022 Following Year of GDP Growth: StatCan
After nearly five quarters in a row of gross domestic product (GDP) increases, Canada’s economy flatlined in the last quarter of 2022—expanding at a rate of zero percent with GDP decreasing in December 2022, according to Statistics Canada. The federal agency writes that “slower inventory accumulations” along with declining amounts of business investments in machinery, equipment,…
Average Living Standards in Decline Due to Inflation Pressures: Statistics Canada
Inflationary pressures are causing average living standards in Canada to fall despite an overall increase in wages, says a new Statistics Canada report. “High inflation especially for food products has put a severe strain on living costs especially among more vulnerable households as income and saving levels adjust to the withdrawal in pandemic-related supports,” said…
Over 25% of Canadians Unable to Afford an Unexpected $500 Expense: StatCan
Over 25 percent of Canadians say they would be unable to afford an unexpected expense of $500 should it arise, says a recent report published by Statistics Canada (StatCan). “When asked whether their household had the resources to cover an unexpected expense of $500, 26% said that they would be unable to do so,” said StatCan report…
Number of Black Market Transactions in Canada Up Over 30% Since 2016: StatCan
The number of black-market transactions in Canada grew by more than 30 percent over the five-year period between 2016 and 2021, according to a new report by Statistics Canada, which says residential construction is the largest contributor to underground activity. “The gross domestic product (GDP) at market prices for underground economic activity in Canada was estimated…
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