Entrepreneur News
Canada’s labour market less sensitive to downturns than America’s but often recovers slower: TD Economics
The North American economy is not in recession but the risks are elevated given restrictive monetary policy geared at...
Consumers are spending less, but small businesses can adapt: BDC
Geopolitical tensions, environmental concerns, rising prices and reduced spending power are motivating Canadians to cut back and entrepreneurs can...
Historic economic shift: Unprecedented transfer of wealth and transformation in Canadian family businesses
A significant transformation is on the horizon for Canadian family businesses, signalling an era of change and new thinking....
Ottawa’s new building energy efficiency regulations will add $55,000 to cost of new homes in Canada by 2030
The cost of a newly constructed home in Canada will increase by $55,000, on average, by 2030 as a...
Number of people working exclusively from home is dropping: Statistics Canada
The proportion of workers who usually work exclusively from home was 13.6% in August 2023, down 3.2 percentage points...
Growth in jobs outpaced by population growth: Statistics Canada
Employment rose by 40,000 (+0.2%) in August. This increase in employment was outpaced by population growth (+103,000; +0.3%) and the employment...
International students have a fast track to Canadian employment: RBC Economics
For immigrants, a Canadian education significantly reduces skills underutilization, or the mismatch between their education levels and their jobs,...
Bank of Canada maintains policy rate, continues quantitative tightening
The Bank of Canada announced Wednesday that it is holding its target for the overnight rate at 5%, with...
Cooling Off: Charting the Future Path of the Canadian Labour Market: TD Economics
In a new report released Wednesday, TD Economics says the Canadian job market has reached an inflection point. With...
Government sector accounts for more than 86% of new jobs in Canada since pandemic began: Fraser Institute
The government sector accounted for 86.7 per cent of all new jobs in Canada since the pandemic began in...
Economy slowing down: Statistics Canada
Real gross domestic product (GDP) was nearly unchanged in the second quarter, following a 0.6% rise in the first...
VIDEO: Canadians buying homes with family, friends to combat housing affordability woes: Royal LePage
In this video interview, Karen Yolevski, COO, Royal LePage Real Estate Services, discusses a Leger survey that indicates a...
Payroll employees increasing as job vacancies drop: Statistics Canada
The number of employees receiving pay and benefits from their employer increased by 47,700 (+0.3%) in June. Meanwhile, job vacancies remained...
Small business confidence remains weak: CFIB
The share of businesses reporting that insufficient domestic demand is dampening their growth has reached 40%, the highest point...
Unemployment rate for people with disabilities at 6.9%: Statistics Canada
In 2022, the employment rate for those aged 16 to 64 with disabilities was 65.1%, compared with 80.1% for...
The impact of spending at local small businesses: CFIB
In this video interview, Ryan Mallough, Vice-President, Legislative Affairs, Ontario, Canadian Federation of Independent Business, discusses why it’s important...
Number of active businesses grows in Canada: Statistics Canada
The rates of business openings (4.7%) and closures (4.6%) both edged down 0.1 percentage points in May, returning to pre-COVID-19 pandemic levels,...
Many Canadian provinces in for a protracted slowdown: Conference Board of Canada
Most provincial economies are in store for a protracted slowdown, according to the Conference Board of Canada’s 3-year outlook....
Rising inflation biggest obstacle for Canadian businesses: Statistics Canada
The Canadian Survey on Business Conditions from July to early August 2023, by Statistics Canada, indicates businesses continued to...
Employment income lagging in Canada compared to U.S.: Fraser Institute
In a ranking of employment incomes in the largest 141 metropolitan areas in Canada and the United States, only...
Canada’s multi-suite residential sector records steady growth in Q2 2023: Morguard
The multi-suite residential sector recorded steady growth in the second quarter as rents continued to climb, says a report...
Commuting to work by car and public transit grows in 2023: Statistics Canada
In May 2023, 15.9 million Canadians or four in five workers were commuting to a location outside their home...
Consumer confidence drops to its lowest point since the start of the pandemic: Conference Board of Canada
This month, the Consumer Confidence Index dropped to 61.2, down from 73.6, its largest single month-to-month drop this year,...
More Canadians are enjoying the dual benefits of working hybrid
More Canadians are seeing the benefits of a hybrid work model and say they’re enjoying the collaboration and social...
Half of Gen Z Canadians see themselves as better suited to be their own bosses than earlier generations: GoDaddy Survey
A new survey from GoDaddy shows three-quarters of post-secondary aged Canadians have or plan to start their own business....
Average Canadian family pays more on taxes than on housing, food and clothing combined: Fraser Institute
The average Canadian family spent 45.3 per cent of its income on taxes in 2022—more than housing, food and...
Investment in residential construction declining: Statistics Canada
Investment in residential construction declined for the fourth straight month, falling 4.5% to $12.1 billion in June. Investment in...
Canadian fintech investment drops to pandemic-era levels in the first half of the year
Investment in Canadian fintech companies dropped three-fold in the first half of 2023 as valuations continued to slide to...
Housing starts trend line increases for 2nd consecutive month in July: CMHC
The housing starts trend line in Canada increased for the second consecutive month due to a healthy number of...
National home sales see biggest annual gain in more than two years: CREA
National home sales edged down 0.7% month-over-month in July but were up 8.7% above July 2022, according to a report released...
Manufacturing sales decrease in Canada: Statistics Canada
Manufacturing sales decreased 1.7% to $71.5 billion in June, on widespread declines over 14 of 21 subsectors, led by the petroleum and coal product (-8.3%),...
Annual inflation rate rises in Canada: Statistics Canada
The Consumer Price Index (CPI) rose 3.3% year over year in July, following a 2.8% increase in June. Acceleration in headline...
CPP Investments net assets total $575 billion at Q1 Fiscal 2024
Canada Pension Plan Investment Board (CPP Investments) ended its first quarter of fiscal 2024 on June 30, 2023, with net...
Non-profit and private sectors join forces to address Canada’s rental housing crisis
A group of Canadian housing sector organizations – non-profit and for-profit housing providers, developers, and investors – have created...
Canadian consumer: Cracks beginning to show: CIBC
The resilience of the Canadian consumer has been one of the biggest surprises of 2023 so far, and a...
Canada’s merchandise trade deficit widens: Statistics Canada
In June, Canada’s merchandise exports decreased 2.2%, while imports were down 0.5%. As a result, Canada’s merchandise trade deficit...
Canada loses 6,000 jobs in July as unemployment rate ticks up: Statistics Canada
Employment was little changed in July (-6,000; -0.0%). The unemployment rate increased 0.1 percentage points to 5.5%, marking the third...
A Slow Road to Recovery for Canadian Tourism Spending: TD Economics
Canada’s tourism sector has bounced back briskly since the initial COVID-19 lockdowns. However, the pace of recovery is now...
More than half of people planning to retire would continue working part-time: Statistics Canada
As the population continues to age, employers may want to develop incentives to retain experienced workers, and some seniors...
VIDEO: CFIB petition calls for extension of CEBA repayment deadline
In this video interview, Corinne Pohlmann, Executive Vice-President at the Canadian Federation of Independent Business, discusses the implications to...
Canadian GDP grows in May but appears to have slowed in June: Statistics Canada
Real gross domestic product (GDP) increased 0.3% in May, following a 0.1% uptick in April. Services-producing industries were up...
Non-permanent residents can fill labour gaps in “greying” Canadian industries: RBC Economics
A new report by RBC Economics says Canada will need to maintain a high flow of non-permanent residents as...
Continuing steady downward trend in job vacancies: Statistics Canada
The number of employees receiving pay and benefits from their employer increased by 23,300 (+0.1 per cent) in May,...
Balancing Canada’s Pop in Population: TD Economics
Canada’s population boomed by 1.2 million people over the last 12 months but the positive support to the labour...
Canadian consumer confidence rising: Conference Board of Canada
The Index of Consumer Confidence rose 5.5 points in July after dropping sharply the previous month, says a report...
Canadian businesses urging extension to CEBA repayment deadline
Industry associations representing thousands of Canadian businesses, including the Canadian Federation of Independent Business (CFIB), are urging Deputy Prime...
Competition Bureau launches new wage-fixing and no-poaching enforcement guidelines
New wage-fixing and no-poaching enforcement guidelines have been released by the Competition Bureau. Employers could be exposed to serious penalties following recent changes...
Internet use continues to grow: Statistics Canada
Internet use among Canadians aged 15 years and older reached 95 per cent in 2022, up from 92 per...
Canadians receiving Employment Insurance benefits on the rise: Statistics Canada
The number of Canadians receiving regular Employment Insurance (EI) benefits rose by 9,800 (+2.5 per cent) to 399,000 in...
3.5 million additional housing units by 2030 needed to restore affordability: CMHC
Canada needs about 3.5 million additional housing units by 2030 to restore affordability. according to a report by the...