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Monthly provincial prices received by farmers in July 2024 for various agricultural products have been released. The data includes grains, oilseeds, specialty crops, cattle, hogs, poultry, eggs, and dairy products. Key findings include: * Durum Wheat: Prices fell for the 10th consecutive month in Alberta (-1.7%) and Saskatchewan (-9.5%
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The Farm Product Price Index (FPPI) for June 2024 has been reported by Statistics Canada. The index decreased by 1.3% compared to June 2023, marking the sixth consecutive year-over-year monthly decline. This decline is noted as the smallest decrease since the beginning of 2024. Key points from the report
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In August 2024, the unemployment rate in Canada rose to 6.6%, an increase of 0.2 percentage points from July. This marks the highest unemployment rate since May 2017, excluding the pandemic years of 2020 and 2021. The number of unemployed individuals reached 1.5 million, which is an
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In the second quarter of 2024, the labour productivity of Canadian businesses decreased by 0.2%. This follows a decline of 0.3% in the previous quarter and a 0.3% increase in the fourth quarter of 2023. The decline in productivity is attributed to a growth in hours worked
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Recent research from Statistics Canada has produced experimental estimates regarding the potential occupational exposure to artificial intelligence (AI) among Canadian workers. The study, titled "Experimental Estimates of Potential Artificial Intelligence Occupational Exposure in Canada," categorizes workers based on their job tasks and the degree of exposure to AI
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In June 2024, payroll employment in Canada decreased by 47,300 jobs, a 0.3% decline from the previous month. This decrease follows five consecutive months of increases from January to May, which saw a cumulative gain of 147,600 jobs. On a year-over-year basis, payroll employment increased by 110,
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The number of commuters in Canada increased by 585,000 (+3.7%) in May 2024 compared to May 2023, driven by employment growth (+373,000 or +1.9%) and a rise in the share of the employed population working at locations other than home. Commuters are defined as employed people
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Employment in Ontario increased by 22,000 jobs (+0.3%) in July 2024. This growth was driven by gains in full-time employment (+70,000; +1.1%), which were partially offset by declines in part-time work (-48,000; -3.2%). The unemployment rate in Ontario fell by 0.3 percentage points