Unemployment rates will rise significantly in the case of an economic slowdown in Canada this year, say economists advising the Liberal cabinet this week, who also say the likelihood of such a slowdown in 2023 is high. “We can expect the economy to slow significantly. We can expect that the unemployment rate will rise both…
Unemployment Will Rise as Economy Slows ‘Significantly’ This Year, Economists Warn Liberal Cabinet
Over 1 Million Post-Secondary Students Collected Pandemic Relief Cheques in 2020: StatCan
Over 1 million post-secondary students collected the federal government’s pandemic relief subsidies in 2020, according to a new Statistics Canada report, which also found that thousands of students collected more than just one of the available benefits. “Almost two-thirds of postsecondary students (65.4%) received emergency benefits,” says the report titled, “Postsecondary students receiving payments from…
Canada Projected to Have More Seniors Than Children This Year for the First Time: Chief Actuary
Canada’s chief actuary is projecting the country will have more seniors than children this year—the first time in history the nation has reached that population age ratio. In 2023, Canada is projected to have 7,471,000 children, defined as individuals 0 through 17 years old, and around 7,663,000 seniors, or individuals aged 65 years and older,…
Numbers and Profile of Canadians Working for Ride-Sharing and Delivery Apps Revealed
The gig and digital economy has expanded in recent years, with the rapid growth of services such as food delivery, but just how many Canadians depend on it to put bread on their own table or to make ends meet at the end of the month? Statistics Canada released a new set of data pertaining…
Violent Crime Involving Firearms Down Five Percent: Statistics Canada
Newly released statistics show violent crime involving firearms dropped five percent in Canada between 2020 and 2021. According to Statistics Canada, violent crime in general went up four percent, but a decrease in firearm-related crime in urban areas, including Toronto, led to the drop in violent crime with guns. In Toronto, the rate of firearm-related…
Statistics Canada Says Household Debt-to-Income Ratio Climbed Higher in Third Quarter
Statistics Canada says the amount Canadian households owe relative to their income rose in the third quarter. The agency says household credit market debt as a proportion of household disposable income increased to 183.3 percent on a seasonally adjusted basis in the third quarter compared with 182.6 percent in the second quarter. In other words,…
New Census Data Shows How Commuting Dropped During Pandemic, Labour Force Aging
Statistics Canada says there were 2.8 million fewer commuters in 2021 than in 2016, as the pandemic drove a shift toward remote work. In a new census release, the federal agency says COVID-19 altered commuting patterns for Canadian workers with fewer people driving, taking transit or walking and bicycling in 2021 compared to five years…
Canadian Economy Adds 108,000 Jobs in October, Unemployment Holds Steady
The Canadian economy added 108,000 jobs in October, reversing much of the losses observed in recent months. In its latest labour force survey, Statistics Canada said Friday that the unemployment rate for last month held steady at 5.2 percent as more Canadians looked for work. The jobs gain comes after four months of job losses…
Survey Suggests 20 Percent of Canadians Skipping Meals to Cut Down on Food Costs
Laurie O’Connor says more people in Saskatoon are struggling to get food for themselves and their families as prices in grocery stores rise out of reach. “We are definitely seeing an increase and have been noticing that since January,” said O’Connor, executive director of the Saskatoon Food Bank and Learning Centre. The majority of respondents…
Canadian Economy Grew 0.1% in August, Continuing on Path of Modest Growth
The Canadian economy edged slightly higher in August and initial estimates pointed to growth continued in September as worries of an impending recession grow. Statistics Canada said Friday real growth domestic product gained 0.1 percent in August, topping its initial estimate that suggested no growth for the month. In its initial estimate for September, the…
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