Labour Force Exodus

Statistics Canada reported this morning that 38,000 people gave up looking for work in February. The official unemployment rate fell because these Canadians were no longer counted as being unemployed. However, this huge withdrawal from the labour force is a sign of weakness in the job market. Nationally, 25,000 of…
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EI Shrank by 100,000 in 2011

Statistics Canada reported today that the number of Canadians receiving Employment Insurance rose by 4,230 in December, a month in which unemployment rose by 6,100. The proportion of unemployed workers receiving benefits remained below 39% (i.e. 544,720 beneficiaries out of 1.4 million unemployed). Although December saw relatively little change in…
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Cone of Silence Descends on Federal Cuts

The federal government has further lowered its “cone of silence” over the implications of federal cuts today. Treasury Board has instructed all departments to remove any implications of the latest $8 billion in cuts from their “Reports on Plans and Priorities” (RPP). The RPPs are the central way that researchers like…
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Canada’s Incredible Shrinking Population?

On CTV yesterday, human resources minister Diane Finley said (45 seconds into this interview): “As we go forward, we’re going to have three times the expense in Old Age Security as we do now, but we’re only going to have half the population to pay for it.” That sounds pretty…
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Budget Cuts Could Worsen Rising Unemployment

It was not a happy new year for Canadian job seekers. Statistics Canada reported today that unemployment rose for a fourth consecutive month in January. Overall employment remained flat as Canada’s population and labour force grew at a normal pace, leaving more workers without jobs. The good news in today’s…
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GDP Turns Negative

Statistics Canada reported today that the economy shrank in November for the first time in six months. This decline was driven by reduced energy production, which partly reflected maintenance shutdowns in the oil patch and unusually mild weather. While those factors may not affect future economic growth, their ability to…
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AFB Economist Roundtable

The CCPA organized a very successful economist roundtable yesterday on Parliament Hill in Ottawa.  The event was titled “The Global Economic Crisis: Can Canada Escape a Lost Decade?”.  MPs from all parties were invited as were members from a wide variety of civil society organizations.  The attendance was very robust….
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