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The New Housing Price Index (NHPI) for October 2024 has been released by Statistics Canada. The index, which measures changes in the selling prices of new residential houses, showed a national decline of 0.4% compared to the previous month. This marks the largest monthly decrease since April 2009. The
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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% drop from the previous month. This decline follows a period of relative stability in August. Despite this monthly decrease, the year-over-year figures show an increase of 23,000 beneficiaries,
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In October 2024, the Industrial Product Price Index (IPPI) in Canada increased by 1.2% from the previous month, marking the largest monthly growth since April 2024. This rise follows two months of consecutive declines. Year-over-year, the IPPI saw a 1.1% increase. The primary contributors to this monthly rise
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The Consumer Price Index (CPI) in Canada increased by 2.0% on a year-over-year basis in October 2024. This marks a rise from the 1.6% increase observed in September. The change is attributed to a smaller decrease in gasoline prices in October (-4.0%) compared to September (-10.7%
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In September 2024, Canada's merchandise exports decreased by 0.1% to $63.9 billion, while imports fell by 0.4% to $65.1 billion. This resulted in a narrowing of the merchandise trade deficit from $1.5 billion in August to $1.3 billion in September.
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In August 2024, payroll employment in Canada saw a minor increase of 13,500 positions, following a rise of 39,500 in July and a decline of 22,900 in June. On a year-over-year basis, payroll employment increased by 176,700, marking a 1.0% rise. Average weekly earnings for
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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 that families nearing retirement age (55 to 64 years) with both a principal residence and an employer-sponsored pension plan have a median net worth of approximately $1.4
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The 2023 Employment Insurance Coverage Survey has provided new insights into the accessibility of Employment Insurance (EI) benefits in Canada. According to the survey, the eligibility rate for regular EI benefits in 2023 was 83.1%, a decrease of 6.1 percentage points from 2022. This rate was slightly below
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Statistics Canada has released data on the income of high-income Canadians for the year 2022. The average total income for the top 1% of tax filers was $586,900, reflecting a decrease of 5.1% 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 by Statistics Canada. The index measures changes in the selling prices of new residential houses across Canada. For September 2024, the NHPI showed no change at the national level, maintaining a 0.0% growth rate from the previous
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In August 2024, the number of Canadians receiving regular Employment Insurance (EI) benefits rose by 7,400, marking a 1.5% increase. This is the third rise in four months, following a period of stability from September 2023 to April 2024. Year-over-year, the number of regular EI beneficiaries increased by
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The Industrial Product Price Index (IPPI) and Raw Materials Price Index (RMPI) for September 2024 have shown a decrease in prices for products manufactured in Canada. According to Statistics Canada, the IPPI fell by 0.6% from August to September and decreased by 0.9% compared to the previous year.