According to Statistics Canada, the inflation rate in the country declined from 4.4 percent in April to 3.4 percent last month, primarily due to a decrease in gas prices. However, the report reveals a significant increase in grocery prices, rising by nine percent compared to a year ago. Both economists and the Bank of Canada […]
Saskatchewan saw mixed results from the Statistics Canada Labour Force Survey. The province had the lowest unemployment rate in Canada, dropping from 4.9 per cent to 4.1 per cent, though Stats Canada noted that was due to a drop in those looking for work. The unemployment rate in Regina dropped to 4.3 per cent in […]
Canada’s annual inflation rate rose to 8.1 per cent in June, boosted by soaring gas prices, which rose more than 50 per cent compared with a year ago, Statistics Canada said Wednesday. The June inflation rate was up from 7.7 per cent in May and marked the largest yearly change since January 1983. Excluding gasoline, the inflation rate was 6.5 per cent in […]
The country returned to pre-pandemic employment levels in September, adding 157,000 jobs across Canada. According to Statistics Canada, the unemployment rate fell to 6.9 percent. The last time the country had an employment jump like this was June of this year when 231,000 jobs were added to the economy. In Saskatchewan, the province gained 11,500 […]
Statistics Canada says 230,700 jobs were added in the month of June, almost all part-time. As pandemic restrictions began to ease across most of Canada, it’s a significant change from April and May, which both saw significant job losses. The number of full-time positions fell however, by about 33,200. Most of the job gains were […]
The latest Stats Canada numbers show Saskatchewan has the lowest unemployment rate in the country for the second month in a row. Economic and Trade Development Minister Jeremy Harrison says the good numbers are a result of the province’s handling of the pandemic. “People in this province have done a remarkable job in following public […]
The Saskatchewan GDP dropped by 5.2 percent in 2020 according to Stats Canada, which is the biggest drop since 2009. University of Regina Associate Professor of Economics Jason Childs says while it is concerning, it’s not surprising. “We knew the public health measures were going to take a toll on economic activity, and we’ve seen […]
Statistics Canada says the economy suffered its first jobs decline since April, 2020, with a loss of 63,000 jobs in December. The result ended a streak of monthly job gains that began in May, as restrictions put in place to slow the spread of the COVID-19 pandemic began to ease. The unemployment rate was 8.6 […]
Saskatchewan continues to have the lowest unemployment rate in Canada. According to the job numbers released Friday morning by Stats Canada, the province added 8,700 more jobs in September, causing the jobless rate to go down to 6.8 percent. Federally, the unemployment rate dropped to 9 percent in Canada as the economy added 378,000 jobs. […]
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 […]
