In a landmark move to insulate the Canadian economy from escalating trade volatility, Prime Minister Mark Carney has unveiled a comprehensive industrial strategy designed to transform Canada into a global electric vehicle (EV) powerhouse. By committing billions in tax breaks, plant investment credits, and consumer rebates, the federal government is
In a recent address to the Empire Club of Canada, Bank of Canada Governor Tiff Macklem outlined a vision of a Canadian economy at a critical crossroads, facing a multi-year period of structural restructuring. The governor identified a trio of disruptive forces—shifts in trade policy, slowing population growth, and
The Canadian labour market began 2026 with a series of complex signals that challenge traditional interpretations of economic health. According to the latest Labour Force Survey released on February 6, 2026, the national unemployment rate fell to 6.5%, down from 6.8% in December. While a declining unemployment rate
The Canadian labour market began 2026 with a series of complex signals that challenge traditional interpretations of economic health. According to the latest Labour Force Survey released on February 6, 2026, the national unemployment rate fell to 6.5%, down from 6.8% in December. While a declining unemployment rate
In a landmark move to insulate the Canadian economy from escalating trade volatility, Prime Minister Mark Carney has unveiled a comprehensive industrial strategy designed to transform Canada into a global electric vehicle (EV) powerhouse. By committing billions in tax breaks, plant investment credits, and consumer rebates, the federal government is
In a recent address to the Empire Club of Canada, Bank of Canada Governor Tiff Macklem outlined a vision of a Canadian economy at a critical crossroads, facing a multi-year period of structural restructuring. The governor identified a trio of disruptive forces—shifts in trade policy, slowing population growth, and
The release of the S&P Global Canada Services PMI for January 2026 presents a challenging start to the year for the broader economy. While the manufacturing sector showed early signs of stabilization this month, the service sector, which accounts for the vast majority of Canadian employment, saw its
The release of the latest Gross Domestic Product data for November paints a picture of an economy in a holding pattern, with real GDP growth remaining flat. For recruitment and workforce planning professionals, this headline figure of zero growth masks a significant divergence beneath the surface: a widening gap between
The recent issuance of layoff notices within Health Canada marks a significant development in the shifting landscape of the Canadian public sector labor market. As the federal government moves forward with its broader "Refocusing Government Spending" initiative, Health Canada joins other departments, including Parks Canada and Fisheries and
The Canadian labour market is currently undergoing a fundamental transformation that challenges historical benchmarks for economic health. According to a recent analysis by RBC Economics, the primary driver of this shift is a dramatic rise in the "breakeven" employment level, the number of new jobs the economy must
The Canadian labour market concluded 2025 with a performance that suggests a gradual, albeit uneven, path toward recovery. The Labour Force Survey for December, released by Statistics Canada, revealed a modest employment gain of 8,000 positions. While this figure represents a significant cooling compared to the robust addition of
