Some more good economic news coming from Statistics Canada. The national unemployment rate dipped from 6.5 percent in January, to 5.5 percent in February. In Saskatchewan, the unemployment rate stayed below the national average, dropping to 4.7 percent, second only to Quebec. As for the two largest cities in Saskatchewan, Saskatoon’s unemployment rate went up […]
The Canadian economy posted its worst showing on record in 2020, as the COVID-19 pandemic took over the country last March, closing down businesses and putting millions out of work, some permanently. Statistics Canada said on Tuesday that real gross domestic product shrank 5.4 per cent in 2020, the steepest annual decline since comparable data […]
Statistics Canada says the economy grew at a record annualized pace of 40.5 per cent in the third quarter as businesses came out of COVID-19 lockdowns. The previous record for quarterly growth in real gross domestic product was 13.2 per cent in the first quarter 1965, the agency says. As historic as the rebound was, […]
OTTAWA – Statistics Canada says the economy grew by 4.5% in May as businesses began to reopen after severe lock-downs of March and April. The average economist estimate was for a 3.5% increase in gross domestic product for May, according to financial data firm Refinitiv. The national data agency says rebounds in May were seen […]
Statistics Canada says the economy added nearly one million jobs in June as businesses forced closed by the pandemic began to reopen. The agency says 953,000 jobs were added last month, including 488,000 full-time and 465,000 part-time positions. Saskatchewan saw an increase of 30,300 jobs (seasonally adjusted), or 6.0 per cent, in June compared to […]
Canada’s top central banker says there will be long-term economic damage from the COVID-19 pandemic as the country charts a “prolonged and bumpy” course to recovery. In his first speech as governor, Tiff Macklem says the central bank expects to see growth in the third quarter of this year as people are called back to […]
