News
Preliminary data from Statistics Canada show that in 2024, labour productivity increased in Quebec and Newfoundland and Labrador, while it declined in the other eight provinces. National productivity rose by 0.2% after dropping in each of the previous three years. According to Statistics Canada, annual labour productivity in Canada
News
The New Housing Price Index for Canada decreased by 0.4% in April 2025 compared to March, according to data released by Statistics Canada on May 21, 2025. Statistics Canada reports the index measures the monthly change in the selling prices of new single homes, semi-detached homes, and townhomes as
News
Employment in Canada changed little in April 2025, with 20,969,000 people employed and the unemployment rate rising to 6.9%, according to the Labour Force Survey released by Statistics Canada. The survey's findings are notable for residents tracking economic trends, as employment stability and changes in
News
Statistics Canada reports that the median after-tax income for Canadian families and unattached individuals was $68,400 in 2023. This amount was similar to the figure reported for 2022. The agency states that the official poverty rate for Canada in 2023 was 9.9%. Statistics Canada uses the Market Basket
News
Statistics Canada reported that payroll employment in Canada increased by 20,900, or 0.1 percent, in February 2025. The Survey of Employment, Payrolls and Hours identified the construction sector as having the largest increase in payroll jobs for the month. Statistics Canada indicated that the growth in payroll employment
News
Statistics Canada reported that 468,000 Canadians received regular Employment Insurance (EI) benefits in February 2025. This number was unchanged from January 2025. According to the agency, the number of regular EI beneficiaries has stayed at a similar level over the previous three months, after four consecutive declines from September
News
Statistics Canada reported that the Consumer Price Index (CPI) increased by 2.9% year-over-year in March 2025. The agency stated that this rise follows a 2.8% increase in February 2025. In addition, Statistics Canada noted that the CPI grew by 0.3% on a seasonally adjusted monthly basis in
News
According to the March 2025 Labour Force Survey by Statistics Canada, the national unemployment rate decreased to 4.9%, marking a 0.5 percentage point decline from the previous month. This decline positions the rate as the lowest among Canadian provinces. In Quebec, while employment numbers stabilized for the fourth
News
Statistics Canada has reported the national median wage for T1 tax filers at $47,650 for the year 2023. This figure marks a 1.1% increase from the year 2022. Importantly, these statistics have been adjusted to account for a 3.9% annual inflation rate, a factor that has affected
News
Statistics Canada reports that payroll employment rose by 26,800 jobs, an increase of 0.1%, in January 2025. This rise follows a trend seen in December 2024. The service sector played a major role in this increase. Average weekly earnings saw a year-over-year rise of 5.5%, amounting to
News
Statistics Canada reports that the New Housing Price Index (NHPI) increased by 0.2% in February 2025. This follows a 0.1% rise in January. This modest growth in new home prices was predominantly observed in the major urban areas of Toronto and Vancouver. Prices in these cities have shown
News
In February 2025, the Consumer Price Index (CPI) in Canada increased by 2.6% on a year-over-year basis, as reported by Statistics Canada. This rise is in comparison to a 1.9% increase noted in January. On a monthly scale, the CPI saw a 1.1% rise in February, with