As the Canadian workforce grows steadily older, local businesses are navigating a shifting landscape that impacts overall economic output. A recent Statistics Canada report shows that workplace productivity steadily climbs as employees gain valuable experience, reaching its highest potential when teams average between 40 and 50 years of age. However, efficiency begins to taper off slightly among older demographics. The effect varies dramatically across industries, with physic

The Government of Saskatchewan announced that the provincial minimum wage will rise to $15.70 per hour on October 1, 2026. Officials used a standard indexation formula to calculate this change. The formula gives equal weight to the Consumer Price Index and the average hourly wage in the province. Labour Relations and Workplace Safety Minister Ken Cheveldayoff stated that the increase balances workers' needs with business growth. A four-year income tax reduction plan will also

A new Fraser Institute study suggests that recent increases in business investment do not mean Canada’s long-standing investment challenges have been resolved. Researchers found that investment in productivity-enhancing assets such as machinery, equipment, software, and intellectual property accounted for 11.1% of the economy in 2025, up from nearly 14% in 2014. The report also notes that rapid labour force growth combined with slower capital investment has reduced investment

The Canadian Union of Public Employees (CUPE) has highlighted the important contribution immigrants and migrant workers make to municipalities across Canada. During a panel discussion held at the Federation of Canadian Municipalities annual meeting in Edmonton, municipal leaders warned that recent immigration reductions are creating labour shortages and increasing pressure on local services. Many immigrants and migrant workers are employed in sectors that communities depend o

Prime Minister Mark Carney acknowledged that Canada’s recent economic slowdown is partly linked to the Federal Government’s decision to reduce immigration targets and limit the number of temporary residents. Following two consecutive quarters of economic contraction, Carney noted that slower population growth has affected overall economic output. However, he argued that the changes are part of a broader strategy to ease pressure on housing, infrastructure, and public services

Statistics Canada released a detailed demographic study tracking the rapid growth of the domestic Filipino population. The community quadrupled between 1996 and 2021, reaching over 957,000 individuals. Projections show this population could reach up to 2.4 million residents by 2041. The data reveal that over three-quarters of foreign-born Filipinos arrived through economic immigration channels. This represents the highest share of female economic applicants in the country. De

Canadian-born families continued to hold about twice the median wealth of recent immigrant families in both 2016 and 2023, Statistics Canada reports , with the gap especially pronounced when the primary income earner lacks a university degree. Over the same period, established immigrant families increased their wealth and, by 2023, moved ahead of comparable Canadian-born families. Home equity remained the biggest driver of net worth across groups, while pension assets stayed

The Thunder Bay Community Economic Development Commission wrapped up a strong first year of its Rural Community Immigration Pilot (RCIP), issuing 475 recommendation certificates to skilled workers across priority sectors, including healthcare, business, and trades. The employer-driven program, which runs through 2029, designated 358 employers across the Thunder Bay region and reviewed nearly 900 applications. CEO Jamie Taylor emphasized the pilot's role in tackling local lab

Statistics Canada's recent labour force data reveals Saskatchewan's robust employment, with 19,000 full-time positions created year-over-year, marking a 2.2% overall increase. The province maintains the second-lowest unemployment rate among Canadian provinces at 6%, well below the national average of 7.1%. Deputy Premier Jim Reiter emphasized the government's commitment to sustaining this momentum, positioning Saskatchewan as Canada's premier destination for employment oppor

Experts warn that national population growth could be three times higher than official projections due to undocumented residents who...

Statistics Canada reports that average weekly earnings rose to $1,307.86 in July 2025, representing a 3.3% increase from the previous...

Canadian job vacancies have fallen to a seven-year low, dropping by 18,900 (-3.6%) to 505,900 in Q2 2025, following a consecutive 3.7%...

Abacus Data’s latest research shows that Canadians are anxious about affordability, healthcare, housing, and global uncertainty, but...

As Canada enters fall 2025, a new study reveals deepening financial anxiety across the nation. Nearly two-thirds of Canadians (62%)...

Statistics Canada has launched an innovative data visualization tool providing comprehensive insights into immigrant financial outcomes...

Canada is deepening its global economic ties through a new strategic partnership with the European Union. On July 11, Minister Mélanie...

On June 9, 2025, Ontario announced a $6.5 million investment through its renewed Life Sciences Innovation Fund (LSIF) to support 13...

In May 2025, Statistics Canada released a report showing that the median after-tax income for Canadian families and individuals rose...