Job Market Monitor
Canada
Skills and Productivity in Canada – Skills shortages explain 7 per cent of the gap between U.S. and Canadian productivity
Skills shortages hamper Canada’s productivity growth. If there had been no skills shortages over the past 20 years, Canada’s GDP would be 1.8 per cent, or $49 billion, larger. Key findings • Skills shortages hamper productivity growth. We estimate Canada’s GDP would be up to 1.8 per cent, or $49 billion, larger today if there … Continue reading
Living Standards in Canada – Returning to trend is no small task
Gross Domestic Product per capita is widely used to gauge differences in living standards across countries. Higher levels of per capita output are generally found in more developed economies with advanced infrastructure, better health care and education systems, and higher levels of access to technologies and innovation. This article provides some additional perspective on the … Continue reading
Non-Permanent Residents (NPR) in Canada – Achieving a reduction with the Comprehensive Ranking System
Canada has in recent years witnessed an unprecedented and unsustainable surge in its non-permanent resident (NPR) population. In response, Minister of Immigration Marc Miller recently announced a target to cut the NPR population to five percent of the overall population in three years. While the government has multiple policy levers at its disposal to achieve … Continue reading
Non-Permanent Residents in Canada – The impacts of lowering the number
Federal government efforts to limit non-permanent resident arrivals will likely slow the pace of gross domestic product growth in 2025 and beyond. However, per-capita GDP, the unemployment rate, broader inflation pressures, and interest rate expectations should not be significantly impacted. Slower non-permanent resident arrivals result in an older Canadian population, lower labour force participation, and … Continue reading
Immigration and Housing Canada – Stabilizing it will take some steam out of demand, but the sector’s workforce is aging
Stabilizing immigration will take some steam out of demand The federal government is taking steps to reduce immigration, but the measures will not shrink housing demand. In November, it announced keeping the permanent immigration target in 2026 unchanged from 500,000 in 2025. This will still be up from the 2024 target level of 485,000. In … Continue reading
Median Wages in Canada (2022) – $45,380, down 1.6% from 2021 after adjusting for inflation
The Consumer Price Index rose 6.8% on an annual average basis in 2022, the largest increase in 40 years, taking an outsized bite out of real annual wages, salaries and commissions reported by tax filers in that year. In 2022, tax filers reported median wages of $45,380, down 1.6% from 2021 after adjusting for inflation. … Continue reading
L’Emploi au Canada (Février 2024) – La plus longue période de diminutions consécutives depuis la période de six mois se terminant en avril 2009
L’emploi a augmenté de 41 000 en février. Le taux d’emploi a diminué de 0,1 point de pourcentage pour s’établir à 61,5 %, la croissance démographique (+0,3 %) ayant continué de surpasser la croissance de l’emploi (+0,2 %). Le taux d’emploi — la proportion de la population âgée de 15 ans et plus qui occupe un emploi — a reculé de 0,1 point de pourcentage pour s’établir à 61,5 % … Continue reading
Generative AI in Canada – Could add almost 2 per cent to Canada’s GDP
This impact paper examines how Canadian start-ups are using generative AI, the challenges they’re facing in implementation, and ways they can take advantage of the technology’s potential to increase productivity. Key findings Generative artificial intelligence (AI) could add almost 2 per cent to Canada’s GDP. Tech-heavy centres, such as Toronto, Waterloo, and Vancouver, stand to … Continue reading
Real wages in Canada – Multiple different, and sometimes conflicting, estimates of average hourly earnings
Average wages in Canada jumped higher during the pandemic, almost entirely because job losses were heavily concentrated at the low end of the earnings scale. When workers started to emerge from lockdowns, and inflation began to surge higher in 2021, wage growth lagged, cutting into household purchasing power. There are multiple different, and sometimes conflicting, … Continue reading
Immigration in Canada – Its system can catch up with its competitors
Parisa Mahboubi is a Senior Policy Analyst and leads the C.D. Howe Institute’s human capital policy program. Her research interest focuses on social policy with a concentration on demographic, skills, education, and labour market concerns. In addition to authoring research studies, she regularly writes a column for the Globe and Mail’s business section. The study in … Continue reading
Investment and Productivity in Canada – Investment per worker declined by 20% from 2006 to 2021, significantly in large and medium-sized firms
Investment in fixed capital has been weak in Canada since the mid-2000s. The ratio of investment to net capital stock and investment per worker declined after 2006, especially after 2014. As a result of this investment slowdown, the growth in labour productivity declined after 2006. This paper examines the sources of this weakness in capital … Continue reading
International Students in Canada – Where do the inbound 807,750 come from? (Infographic)
807,750 international students in Canada at all levels of study at the end of 2022. Where do inbound students come from? Chosen excerpts by Job Market Monitor. Read the whole story @ International Students in Canada Infographic – CBIE
International Students in Canada – Their number will continue to grow by 100,000—about 55% less than the net increase in 2023
The federal government’s new cap on international study permit applications will not immediately reduce rental demand from international students this year—but it should dramatically slow its growth in 2024. We estimate the increase in rental units demanded by international students could fall by roughly half in 2024. The number of international students living in Canada—and … Continue reading
Digital Skills in Canada – The most in-demand digital skills are for general workforce tasks
During the COVID-19 pandemic, the use of digital skills and platforms enabled a major shift towards remote work. This rapid change required many industries and workers to adapt to new technological tools and concepts even as digitization had been trending upward before the pandemic.This project used machine-learning methods and data from nine million Canadian job … Continue reading
Job Report in Canada – Surging population growth and GDP is on track to post a 7th consecutive per-capita decline
The Canadian labour market data is notoriously volatile, but details underlying the January upside employment growth (and downside unemployment rate) surprise were also firm. The increase in hours worked is consistent with GDP ticking higher early in 2024, and adds to early signs that housing markets have perked up. Growth in the economy still looks … Continue reading
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