economy

Immigration may help Canada lower interest rates Rising interest rates across Canada will burden Canadians looking to borrow money for housing and make many other loan-based purchases. Read more below to find out why immigration might be the solution.

On October 26, the Bank of Canada (BoC) increased the policy interest rate by 50 basis points, up to 3.75%.

By Vimal Sivakumar

Canada set to announce the latest Immigration Levels Plan 2023-2025 The Canadian government is expected to announce the latest Immigration Levels Plan by November 1, 2022.

Each year Immigration, Refugees and Citizenship Canada (IRCC) releases an Immigration Levels Plan that acts as the guideline for how many immigrants will be allowed to come to Canada each year. It includes the breakdown of immigrants from economic class, family class and humanitarian class programs over the next three years. This year it will […]

By Edana Robitaille

Canadian job vacancies have reached another all-time high Statistics Canada says the job vacancy rate stands at 5.7% for the second quarter of 2022.

Statistics Canada has released results of the Job Vacancy and Wage Survey report for the second quarter of 2022. Overall, vacancies were up 4.7% from the first quarter of 2022 and 42.3% higher than the second quarter of 2021.

By Edana Robitaille

Looking Ahead to Canada’s Demographics in 2041 Understand Canada’s current demographic trajectory in Statistics Canada’s report and how the country figures to look ethnoculturally in 2041.

The world can change a lot in 20 years, and that reality is no different when we look at Canada in particular. On September 8, Statistics Canada released its projection for Canada’s demographic makeup in the year 2041.

By Vimal Sivakumar

Canadian job vacancies continue climbing to new record heights in June A snapshot of job vacancies across Canada for June 2022.

Statistics Canada recently released its monthly update on payroll employment, earnings and hours, and job vacancies for June 2022.

By Vimal Sivakumar

Study: Immigration to drive Canada’s population increase into 2068 A new Statistics Canada report says Canada is aging and it will continue to depend on high immigration levels to renew its population.

Statistics Canada has released its projections for Canada’s population growth spanning the next 47 years. The report states that by 2068, in a medium growth scenario, Canada’s population could reach up to 57 million people, largely driven by increased immigration. During this period between 2016 and 2021, Canada experienced a boom in population growth and […]

By Edana Robitaille

Canada still has over one million job vacancies While Canada continues to experience high job vacancies, the employment rate is decreasing in most sectors for the first time since May 2021.

Statistics Canada has released its monthly payroll employment, earnings, hours, and job vacancy report for May 2022. Based on the report, the number of employees in Canada receiving pay or benefits from their employer has decreased for the first time since May 2021.

By Edana Robitaille

Canada’s unemployment rate drops below 5%, the lowest in Canadian history Canada's labour force shrank in June, largely due to people age 55 and older leaving the labour force.

June’s Labour Force Survey from Statistics Canada shows Canada’s labour market is still tightening, making it difficult for Canadian employers to find workers.

By Shelby Thevenot

Overall job vacancies in Canada continue to increase Statistics Canada reports that job vacancies are still reaching all-time highs across Canada.

According to Statistics Canada’s latest report on job vacancies, payroll and earnings, employers in Canada were actively seeking to fill about 1 million job positions at the beginning of April, up 2.4% from the previous months and almost 45% from April last year (not seasonally adjusted). Statistics Canada indicated that the increase in April is […]

By Julia Hornstein