Statistics Canada: Latest News

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18.04.2023 / 13:39

Inflation falls to lowest level in 18 months despite surging mortgage costs

inflation cooled to 4.3 per cent in March, Statistics Canada said Tuesday, even as Canadians homeowners faced ballooning payments on their mortgages.That marks the lowest level for annual inflation since August 2021 and a sharp slowdown from the 5.2 per cent seen in February.Canada’s annual inflation rate has been steadily declining since last summer, as global price pressures ease and high borrowing costs weigh on spending. Read more: Priced out of summer vacation? Here’s how to book ‘budget-conscious’ travel But the rapid rise in the Bank of Canada’s interest rate, designed to cool inflation, has also compounded the pain and driven costs higher for some Canadians.Specifically, mortgage interest costs rose 26.4 per cent in March — the largest yearly increase on record, Statistics Canada noted.Canadians are today renewing their mortgages at much higher rates than a year ago, when the Bank of Canada first started raising its policy rate from the rock-bottom 0.25 per cent.

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Canada is banking on a ‘digital nomad’ strategy to win the race for tech talent

Immigration Minister Sean Fraser on Tuesday said Canada is going after so-called “digital nomads” in STEM fields amid a “global race” for high-skilled workers — and at the same time, rolling out plans to help temporaryforeignworkers develop more skills while they work in Canada.

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Inflation rate dropped to 3.4% in May. What that means for the Bank of Canada

The annual rate of inflation dropped sharply last month, but some economists argue a slowdown might not be enough to deter the Bank of Canada from another rate hike in July.

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Unemployment rate rises for the 1st time since August amid ‘cracks’ in job market

unemployment rate rose to 5.2 per cent in May, Statistics Canada said Friday, a sign of weakening in the country’s tight labour market that will help inform the Bank of Canada’s future interest rate decisions.Employment overall was little changed in the month, the agency said, with a modest 17,000 jobs lost. Employment fell among youth aged 15-24 and rose among those aged 25-54.While part-time employment rose to the tune of 15,500 jobs in May, Canadian employers collectively cut 32,700 full-time positions, according to the report.The unemployment rate rose for the first time since August 2022, StatCan said, up from 5.0 per cent in April.The job report this morning comes after the Bank of Canada’s decision this week to raise its key interest rate target by a quarter of a percentage point to 4.75 per cent.In raising its key rate, the central bank said the labour market remains tight, reflecting continued strong demand for workers.“Some cracks appeared within the Canadian labour market in May, but these may not yet be wide enough to convince the Bank of Canada that inflation is about to meaningfully cool off,” said CIBC senior economist Andrew Grantham in a note to clients Friday morning.He suggested the weaker jobs figures might see markets scale back expectations of additional rate hikes to come, but the Bank of Canada’s policymakers may need to see “further softening” to convince them they can leave rate unchanged.Average hourly wages were up 5.1 per cent in May, continuing to outpace inflation.

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Interest rate hike ‘on the table’ for June after GDP surprise

The national economy continued to grow overall in the first quarter of 2023 as consumers spent more in the face of recession fears, according to Statistics Canada.

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Inflation ticks up to 4.4% in April, bucking slowing trend

The annual rate of inflation rose slightly in April as Canadians paid more at the gas pumps, bucking a streak that had seen price pressures easing year-over-year since the summer in Canada.

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Grocery prices surged 10.6% in February even as inflation cooled overall: StatCan

The annual rate of inflation cooled to 5.2 per cent in February, Statistics Canada says, though Canadians continued to feel the pain of surging costs at grocery stores.

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Canada’s inflation rate slows to 5.9% in January even as gas, food prices rose

Statistics Canada said Tuesday.Gas prices were the biggest month-to-month Consumer Price Index report, the agency said, up 4.7 per cent from December.Food prices rose at a slightly higher rate than in December, up 10.4 per cent in January compared with 10.1 per cent the month before.Prices at the grocery store were higher for for meat (up 7.3 per cent), bakery products (up 15.5 per cent), dairy (up 12.4 per cent) and fresh vegetables (up 14.7 per cent).Statistics Canada said the cost fresh or frozen chicken rose 9.0 per cent annually, owed largely to avian flu outbreaks, supply chain kinks and strong seasonal demand.Canada’s annual inflation rate has been slowing since the summer, reaching 6.3 per cent in December.

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Inflation is causing some to think twice about having kids: ‘It doesn’t make sense’

cost of living in Canada.After giving birth to her first child in August of last year, 24-year-old Autumn Oliver-Giasson has decided to hold off on having more children until the high cost of living in Canada eases.“It’s just not plausible. It doesn’t make sense,” she told Global News from McQuade, N.B.

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Canada’s inflation rate slowed to 6.9% in September, but grocery prices soared

inflation cooled to 6.9 per cent, according to Statistics Canada.Prices on food purchased from the grocery store continued to soar, rising 11.4 per cent to a new 41-year high.Last month, shoppers paid more for meat (7.6 per cent), dairy (9.7 per cent), bakery goods (14.8 per cent) and fresh vegetables (11.8 per cent), according to StatsCan.The agency says food prices have outstretched the overall inflation rate for 10 consecutive months. It pointed to unfavourable weather, higher prices on inputs such as fertilizer and natural gas, and continued disruption from Russia’s invasion of Ukraine as driving up prices.StatsCan said the drop in September’s headline inflation figure was largely thanks to lower gas prices.

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Could robots take your job? How automation is changing the future of work

automated future sits inconspicuously off Baldwin Street in Toronto’s busy Kensington Market.The RC Coffee Robo Cafe, which juts out slightly from the brick wall by the sidewalk, bills itself as Canada’s first robotic café.As opposed to a vending-machine brew that dispenses coffee from hand-filled urns, the robotic barista makes each cup of coffee, espresso, latte and more by request, ready in just a few moments.For Jasmine Arnold, visiting Toronto from Providence, R.I., the iced matcha prepared at RC Coffee topped drinks dispensed by a vending machine and was on par with coffee served at a chain.While the drink went down smooth, she told Global News the experience was unique if a little jarring.“I have mixed feelings about a robot, from a jobs perspective,” she said, expressing some discomfort about what this means for the prospects of human baristas. Canada shed jobs for 2nd straight month in July, unemployment rate unchanged After trying his own robo-poured beverage, Arnold’s partner Eric echoed her sentiments but noted that with the pandemic changing our expectations of what work can be done from where, it seemed to align with recent shifts in work.“I think this is kind of where we’re going as a society,” he said.Workforce shifts driven by a tight labour market and the COVID-19 pandemic are opening the door to a faster adoption of automated solutions, but at least one expert is warning that Canada might not be prepared for how quickly robotic workers are set to transform the economy.Statistics Canada said Friday that though Canada shed some 31,000 jobs in July, the country’s unemployment rate remained at its lowest ever at 4.9 per cent last month.

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Canada shed jobs for 2nd straight month in July, unemployment rate unchanged

Canada’s unemployment rate stayed a historic low of 4.9 per cent in July, remaining unchanged from June as the country continues to face a labour shortage.

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Could Canada follow the U.S.’s economic decline? Here’s what experts say

Call it a tale of two economies: the latest figures from Statistics Canada on Friday show economic growth in the country slowed but likely avoided a decline through the first half of the year, just as the United States reported its second consecutive quarter of contraction a day earlier.

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Canada’s inflation rate hit 8.1% in June, driven by higher gas prices

inflation in Canada hit 8.1 per cent in June as prices on gasoline surged, Statistics Canada reported on Wednesday.Gasoline prices were up 54.6 per cent year-over-year and 6.2 per cent month-to-month in June, contributing the most to the headline inflation jump, the agency said.Also in the transportation basket, prices for passenger vehicles were up 8.2 per cent in June, the second biggest driver of inflation last month. Statistics Canada added prices for used vehicles into its consumer price index (CPI) calculations in May.Food prices were meanwhile up 8.8 per cent year-over-year, the same jump as the month before.

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Inflation in Canada soared 40 years ago. Is today’s price surge any different?

Inflation in Canada continues to surge despite the Bank of Canada’s efforts to tamp down on price growth, with some economists and the central bank’s own governor expecting an even higher reading in the June report due Wednesday.

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Inflation hit 7.7% in May, fuelled by soaring gas, food prices: Statistics Canada

The annual inflation rate skyrocketed to its highest level in nearly 40 years in May, fueled by soaring gas prices, Statistics Canada said Wednesday.

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Women lead job growth as unemployment rate dips to 5.1%

unemployment rate across Canada dropped to a new low of 5.1 per cent in May amid a jump in jobs for women, according to the latest Labour Force Survey results.Statistics Canada said Friday morning that the country added 40,000 jobs last month.The agency said that women across all age groups made up the bulk of hiring in May, with employment steady for men.The participation rate, which looks at workers employed or looking for a job, hit an all-time high of 85 per cent for core-aged women in May.Strong growth in full-time positions (135,000 new jobs) offset losses in part-time work (96,000 fewer jobs), Statistics Canada said.

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Bank of Canada hikes key interest rate 50 basis points for 2nd time in a row

The Bank of Canada raised its benchmark interest rate to 1.5 per cent on Wednesday, marking a second straight increase of half a percentage point.

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Food, shelter push inflation in Canada to 6.8% in April: Statistics Canada

The annual rate of inflation hit 6.8 per cent in April, marking a slight uptick from a month earlier, according to Statistics Canada.

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Surging gas prices, Ukraine war pushed inflation to 6.7% in March: Statistics Canada

Statistics Canada says the annual rate of inflation hit 6.7 per cent in March, the fastest year-over-year increase in the consumer price index since January 1991.

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Canada adds 337K jobs in February, unemployment drops below pre-pandemic levels

unemployment rate fell below the February 2020 level.The unemployment rate fell to 5.5 per cent in February compared with 6.5 per cent in the first month of the year.That is the lowest it’s been since it was 5.7 per cent in February 2020 just before the start of the COVID-19 pandemic.

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Annual inflation rises to 5.1% in January: Statistics Canada

Statistics Canada says annual pace of inflation topped five per cent for the first time in more than 30 years.The agency says the annual inflation rate rose to 5.1 per cent in January compared with a gain for 4.8 per cent in December.Driving much of the increase in January were prices for housing, gasoline and groceries.

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Canada adds 157K jobs in September, employment returns to pre-pandemic level

Statistics Canada says the labour market added 157,000 jobs in September, bringing employment back to February 2020 levels for the first time since the start of the COVID-19 pandemic.

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Canada’s inflation rate reached 4.1% in August, highest since 2003

inflation rate reached 4.1 per cent in August, the fastest pace since March 2003, Statistics Canada said on Wednesday. This was up from 3.7 per cent in July.The increase in the Consumer Price Index (CPI) is the result of both price pressures and the comparison with low price levels in 2020, the agency said.Fuelling much of the rise was higher gasoline and housing prices compared with the same month one year ago.

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COVID-19 deaths lowered Canadians’ average life expectancy to 2013 levels: StatsCan

COVID-19 pandemic led to a drop in Canadians’ average life expectancy in 2020, new data released by Statistics Canada suggests.The agency said on Tuesday that the more than 15,600 COVID-19-related deaths in 2020 contributed to an estimated reduction in life expectancy at birth (LEB) across Canada of 0.41 years last year.

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Canada’s third COVID-19 wave creates ‘zigzag’ economy

Canada’s economy is zigzagging through the third COVID-19 wave. Statistics Canada says the country lost 207,000 jobs in April, reversing substantial progress made in March. Eric Sorensen looks at how unemployed Canadians are coping.

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Canadians will lose jobs amid COVID shutdowns, but may rebound ‘quickly’: employment minister

On the heels of promising new job numbers from Statistics Canada, employment minister Carla Qualtrough says Canadians can expect to see another dip in employment figures as new shutdown measures take hold across the country to curb soaring COVID-19 cases. The economy added 303,000 jobs in March as employment increased, StatCan reported on Friday, including gains in sectors that the pandemic hit hard.

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Health care job vacancies in Canada are soaring despite COVID-19 demand. Here’s why.

COVID-19 pandemic.But despite the growing need for health care professionals, job vacancies in the sector are on the rise, according to the latest data from Statistic Canada.Job vacancies in health care and social assistance went up by 36,400 or 56.9 per cent during the last quarter of 2020, bringing vacancies to a “record high” of 100,300, according to the data published Tuesday. ‘We are not superhuman’ — Health-care workers plead for more mental health support “These results are not surprising,” said Carolyn Levy, president of employment agency Randstad Canada.Hospitals led the charge with 15,700 vacancies, followed by nursing and residential care facilities which saw 10,800 vacancies at the end of last year.

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London-St. Thomas jobless rate for February at lowest level since March 2020

pandemic was declared and also down sharply from the month prior.February’s jobless rate for the region stands at 6.9 per cent, down from 7.7 per cent in January and almost half of its June peak of 12.6 per cent. Canadian economy added 259K jobs in February, blowing past estimates According to data from Statistics Canada, 4,000 jobs were added in February.

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Statistics Canada considered delaying 2021 census over pandemic concerns

Statistics Canada considered delaying this year’s census until 2022 over pandemic-related health concerns that could erode the quality of data relied on by policymakers across the country.An agency document noted the plan for the 2021 census was developed in a “normal operating context” where tens of thousands of staff and temporary hires would interact with each other and Canadians.In a pandemic, the document noted, that plan had “a high probability of failure.” Federal data gives most detailed picture yet of where CERB went in Fredericton The behind-the-scenes look at how Statistics Canada rethought this year’s census operation is contained in 50 pages of internal reports and presentations obtained by The Canadian Press under the Access

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COVID-19 benefits helped close gap between households with lower, higher incomes: StatCan

COVID-19 pandemic is closing the gap between lower- and higher-income households, a new report from Statistics Canada says.A recently released estimate of Canadian household accounts found that those in lower-income households reported having disposable income of 6.1 per cent in the first quarter of 2020, increasing to 7.2 per cent in the second quarter.In that same period, the report found disposable income among Canadians in higher-income households — which it said was driven more by volatility in financial markets and investment funds — diminished from 40.1 per cent to 37.7 per cent.

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Canadian economy sheds 213,000 jobs in January, biggest decline since April

Statistics Canada says the economy lost almost 213,000 jobs in January as employment fell to the lowest level since August last year, wiping out the gains made in the fall.The unemployment rate rose 0.6 percentage points to 9.4 per cent, the highest rate since August.Financial data firm Refinitiv says the average economist estimate was for a loss of 47,500 jobs in January and an unemployment rate of 8.9 per cent.

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Canada’s busiest airport in November 2020 was in — wait, Waterloo?

Air Transat to pause all routes from Toronto until April 30 The agency says a total of 13,619 take-offs and landings occurred at the airport in November 2019.This put it well ahead of what would likely be the country’s busiest airport in normal times, Lester B. Pearson International in Mississauga.That airport actually finished in seventh place with just 9,470 take-offs and landings, a far cry from the 34,710 which took place a year earlier.Coming in behind Waterloo on the list of busiest airports in Canada were two B.C.

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Coronavirus: Latest developments in the Greater Toronto Area on Jan. 14

coronavirus pandemic in the Greater Toronto Area for Thursday.Toronto has experienced a slower population growth as people choose to move away from the city amid the ongoing COVID-19 pandemic, according to Statistics Canada.As a whole, Statistics Canada said Canadians are choosing to move away from the country’s largest urban city centres and are setting up their homes in more suburban areas. The numbers being used by Statistics Canada are from July 1, 2019 to July 1, 2020.Personal health, being able to work remotely and high cost of living are some of the most notables reasons as to why people are choosing to move outside of Toronto.

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Toronto experiences record population loss as more move away from city amid COVID-19 pandemic

COVID-19 pandemic, according to Statistics Canada.As a whole, Statistics Canada said Canadians are choosing to move away from the country’s largest urban city centres and are setting up their homes in more suburban areas. The numbers being used by Statistics Canada are from July 1, 2019 to July 1, 2020.

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B.C. bucks national trend by adding 3,800 jobs in December

COVID-19 recovery.Statistics Canada said Friday that 3,800 net jobs were added to the provincial economy. Overall, B.C.

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Hamilton’s unemployment rate in December flat, Niagara sees jump: Statistics Canada

Statistics Canada’s (StatCan) latest job data shows Hamilton’s unemployment rate was flat for the fourth straight month moving slightly from 8.0 to 8.1 per cent in December.As the COVID-19 pandemic emerged in March, the city’s jobless rate rocketed from 4.9 per cent at the end of February to 12.1 per cent at the end of June.Since then StatCan says the city has levelled off, fluctuating between eight and nine per cent between September and the end of 2020.

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December marks 6th straight month of jobs gains in London-St. Thomas

coronavirus pandemic.According to Statistics Canada, 3,700 jobs were added in the region. Data released Friday shows an increase in the labour force of 1,900 and a decrease in unemployment of 1,800.

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London-St. Thomas jobless rate falls to 8.4 per cent in November

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Canadian economy grew at record pace in 3rd quarter: Statistics Canada

Statistics Canada says the economy grew at a record annualized pace of 40.5 per cent in the third quarter as businesses came out of COVID-19 lockdowns.The previous record for quarterly growth in real gross domestic product was 13.2 per cent in the first quarter 1965, the agency says.

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Number of business closures declined in August amid coronavirus, StatCan says

Statistics Canada says the number of business closures declined slightly in August, as COVID-19 restrictions eased.The agency says there were 34,126 business closures in August, down 2.7 per cent from July and 14.2 per cent lower than prior to the COVID-19 pandemic in February.Statistics Canada says the drop may reflect the fact that businesses that were least able to adapt to the pandemic had already closed.

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Crime rates dipped in first six months of pandemic: Statistics Canada

COVID-19 pandemic.Statistics Canada says 17 police services across Canada reported that selected criminal incidents were down by 17 per cent compared with the same period a year earlier.The lone exception was uttering threats by a family member, with police reporting four per cent more incidents during the same period last year.

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Canada adds 84K jobs in October, but about 1.8M still out of work

Statistics Canada says the pace of job growth slowed in October as the economy added 83,600 jobs in the month compared with 378,000 in September.The unemployment rate was little changed at 8.9 per cent compared with 9.0 per cent in September.Overall, there were about 1.8 million people out of work in October.

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Canadian universities could lose millions, possibly billions due to coronavirus: StatCan

COVID-19 pandemic, Statistics Canada has projected, in large part due to a decrease in the number of foreign students.In a report published this week, Statistics Canada tried to estimate university budget losses for the 2020-2021 school year. Coronavirus: How Ontario colleges and universities are trying to protect campus residence students Tuition fees make up an increasingly large portion of university revenues, the agency said.

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Coronavirus: B.C.’s strong job recovery continued in September

British Columbia gained 54,800 jobs in September, with more than 70 per cent of them being full-time jobs, according to Statistics Canada.B.C. has recovered 301,700 jobs since the pandemic struck, returning to 96.3 per cent of pre-pandemic employment levels.

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Hamilton’s jobless rate records 3rd consecutive drop: Statistics Canada

COVID-19 pandemic.Statistics Canada’s (StatCan) latest data shows the jobless rate fell to 8.9 per cent in September compared to 10 per cent in August.The region’s numbers surged during the coronavirus pandemic from 4.9 per cent in February to 12.1 per cent at the end of June.The agency says the city was flat in terms of adding new jobs in September.StatCan says 391,100 people were employed last month, which is the same as August.The city is still down 28,800 jobs compared to the same month in 2019.

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London-St. Thomas jobless rate records 3rd consecutive drop, falls to 8.9 per cent in September

Unemployment rate in London area drops as economy recovers from COVID-19 The labour force increased by 3,300 people while 900 fewer people claimed unemployment.The London-St. Thomas participation rate, which measures the proportion of the working-age population that is working or looking for work, climbed to 61.5 per cent in September from 60.8 per cent in August.The participation rate has long been a focus for the region.

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Canada adds 378K jobs in September, beating expectations

jobs in September, Statistics Canada says.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0