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Statistics Canada has released data on labour productivity, hourly compensation, and unit labour costs for the third quarter of 2024. The report indicates a decline in labour productivity by 0.4% compared to the previous quarter. This marks the third consecutive quarter of declining productivity, following decreases of 0.1%
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In September 2024, payroll employment in Canada decreased by 57,400 jobs, representing a 0.3% decline from the previous month. This follows a period of little change in August and an increase of 39,500 jobs in July. Year-over-year, payroll employment saw an increase of 94,900 jobs, or
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The New Housing Price Index (NHPI) for October 2024 has been released, indicating a national monthly decrease of 0.4%. This index measures the changes in the selling prices of new residential houses across Canada. In Ontario, the index showed a monthly decrease of 0.7% for October 2024. Year-over-year,
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In October 2024, the Industrial Product Price Index (IPPI) in Canada increased by 1.2% compared to the previous month. This index, which excludes energy and petroleum products, saw a monthly rise of 0.9%. The Raw Materials Price Index (RMPI) also experienced an increase, rising by 3.8% from
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In September 2024, the number of Canadians receiving regular Employment Insurance (EI) benefits decreased by 9,600, representing a 1.9% decline from the previous month. This follows a period of stability in August. The trend from April to July 2024 had shown an increase in EI recipients.
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The Consumer Price Index (CPI) for October 2024 indicates a rise in inflation across all provinces compared to the previous month. Statistics Canada reports that property taxes and other special charges increased by 6.0% year-over-year, marking the highest annual increase since 1992. Newfoundland and Labrador experienced the most significant
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In September 2024, Canada's merchandise trade deficit with the world decreased to $1.3 billion, down from $1.5 billion in August. According to Statistics Canada, merchandise exports were valued at $63.9 billion, marking a slight decline of 0.1% from the previous month. Imports also saw
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In August 2024, payroll employment in Canada saw a slight increase of 13,500 positions. This follows a rise of 39,500 jobs in July and a decrease of 22,900 in June. Over the year, payroll employment increased by 176,700 jobs, marking a 1.0% rise. Job vacancies
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The 2023 Employment Insurance Coverage Survey provides insights into the accessibility of Employment Insurance (EI) benefits in Canada. The survey highlights the reasons why some individuals may not qualify for these benefits. It is noted that the number of insured hours required to qualify for regular benefits varies by region,
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The 2023 Survey of Financial Security, conducted by Statistics Canada, provides insights into the financial status of Canadian families. The survey highlights significant disparities in net worth among different groups. * Median Net Worth: The median net worth of Canadian families in 2023 was reported at $519,700. * Retirement Age Group:
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Statistics Canada has released data on high-income Canadians for the year 2022. The report indicates that the average total income for the top 1% of tax filers was $586,900, marking a 5.1% decrease from the previous year. This decline is attributed to the reduction of COVID-19 pandemic-related government
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The New Housing Price Index (NHPI) for September 2024 has been released, showing no change in the overall index for Canada compared to the previous month. The index measures changes in the selling prices of new residential houses, excluding value-added taxes like the federal goods and services tax and the