Canada’s annual inflation rate dropped slightly to 6.9 percent in September but the cost of groceries continues to climb. In its latest consumer price index report, Statistics Canada said the slight deceleration from 7.0 percent inflation in August is mostly attributed to lower gas prices, which fell by 7.4 percent in September. In a note,…
Canada’s Inflation Rate Drops Slightly in September Even as Food Costs Climb
Canada Sees Fastest Population Growth Since the Baby Boom, Driven By Immigration: StatCan
Canada had its highest quarterly population growth since the height of the baby boom, driven mainly by new immigrants, according to new data from Statistics Canada (StatCan). Canada’s population grew by 0.7 percent, amounting to 284,982 people, for the second quarter of 2022—an increase of more than 3,100 people per day, according to the data released on…
Stats Canada Says Canada’s Homeownership Rate Fell in Latest 2021 Census Release
Canada’s homeownership rate is on the decline, with young adults in particular less likely to own a home in 2021 than they were in 2011, says Statistics Canada. According to the latest census release, two-thirds of Canadians owned a home in 2021, down from a peak of 69 percent a decade earlier. The decline in…
Statistics Canada Says Household Debt Ratio up in Second Quarter
Statistics Canada says the amount Canadians owe relative to their income moved higher in the second quarter as the level of debt grew faster than their earnings. The agency says household credit market debt as a proportion of household disposable income rose to 181.7 percent on a seasonally adjusted basis in the second quarter, up from…
Unemployment Rate Ticks up to 5.4 Percent in August as Economy Loses 40K Jobs
Canada’s unemployment rate was 5.4 percent in August, ticking up for the first time in seven months. The economy lost 40,000 jobs last month, Statistics Canada reported in its latest labour force survey, with the losses concentrated in the public sector. In July, the unemployment rate was 4.9 percent, the lowest rate since comparable data…
Inflation Has 72% of Canadian Parents Worried About Feeding Their Families: Poll
A survey on how Canadians are coping with rising inflation found that a vast majority of them, especially those with kids, are worried about putting food on the table. Conducted by Ipsos on behalf of Global News, the survey finds that 72 percent of Canadian parents are worried about their ability to feed their families,…
Inflation Rate up Slightly in April to 6.8%: Statistics Canada
The cost of nearly everything at the grocery store continued to climb higher to push the annual inflation rate up in April. Statistics Canada said Wednesday that its consumer price index for April rose 6.8 percent compared with a year ago, up from a gain of 6.7 percent for March. The rate was the highest…
Death Rate Rose Among Young Canadians During Pandemic Amid Surging Overdoses: StatCan
Excess mortality rates among younger Canadians rose as the COVID-19 pandemic wore on, which may have been the result of increased substance use and missed medical appointments, according to Statistics Canada. The federal agency released the latest provisional data on April 14, which shows that overall excess mortality—meaning more deaths than expected in a given period—climbed…
Multiple-Property Holders Own Upwards of 41% of Housing in Some Provinces: StatCan
New data from Statistics Canada shows multiple-property owners held between 29 and 41 percent of the housing stock in Ontario, British Columbia, Nova Scotia and New Brunswick in 2019 and 2020. The data from the Canadian Housing Statistics Program, which includes both residential and recreational holdings, reveals multiple-property ownership accounted for 41 percent of Nova…
Young Canadians Halt Home Purchase Plans, As Wealth Decreases for the First Time Since Start of Pandemic: StatCan
The youngest Canadian households saw their wealth decrease for the first time since the start of the COVID-19 pandemic, prompting them to avoid home purchases and reduce financial assets, Statistics Canada says. A recent report from the agency shows that the average wealth of those in the youngest age group—in which the major income earner is…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`