On tap this week 🚰: sectors and skills in demand, an extra large envelope for newcomer integration in the labour force and news from the consumer side
On tap this week
Good morning ☀️,
On tap this week, we have a focus on sectors and skills still in demand despite the current economic uncertainty and the fact that the Bank of Canada held rates steady. We also propose a deeper analysis on a $3.2 billion envelope destined to newcomer integration and how staffing firms can help in this plan, then we finish by a look on the resilience of consumer spending in Canada.
Happy reading!
Minh Dang - Editor in Chief - The Canadian Labour and Staffing Journal
Sectors and skills; what’s in demand and what’s contracting
On July 30, the Bank of Canada opted to keep its overnight policy rate at 2.75%, its third straight hold since March, signaling both caution and flexibility amid mounting trade uncertainty and softening growth prospects. With inflation steady near 2% (but core inflation hovering around 2½% to 3%), the door remains open to rate cuts later in the fall, de…
$3.2bn for 520 organizations to improve newcomer integration. Where staffing and HR firms could partner to generate growth
In a bold move to shore up labour shortages and revitalize its workforce, the Canadian government has unveiled a $3.2 billion plan to integrate newcomers more effectively into the job market. The announcement, made on July 23 by Immigration Minister Lena Metlege Diab, outlines a three-year investment spread across more than 520 organizations outside Que…
Consumer spending is resilient, mitigating some of the labour market's soft spots
At first glance, Canada’s economy seems caught in the crosshairs of a storm: a prolonged trade war with the United States, sweeping cuts to immigration, and a labour market slowly losing steam. But Canadian consumers aren’t flinching.