Artis Real Estate Investment Pref Shs Series E T.AX.P.E

Another BNN article

[DZtrader]

Here are five things you need to know this morning:

Canada adds more jobs than expected: Canada’s labour market more than doubled expectations for job growth last month, adding 41,000 new positions. Statistics Canada published its Labour Force Survey for February this morning, which showed the biggest employment surge since September. Despite the jobs gain, the jobless rate ticked up to 5.8 per cent as more people were looking for work, too. The population grew by 0.3 per cent during the month, while employment grew by 0.2 per cent, StatCan noted. There was weakness below the headline, too, as a big part of the job gains were self-employment positions, at 38,300.  The public sector grew by 18,800, while private sector jobs — the type economists like to see go up as a sign of a robust, dynamic economy — shrank by 16,400.

[Torontojay]

The bottom line: unemployment rising as job creation cannot keep up with population growth. In a nutshell, job creation came from the government and not the private sector. This is classic Keynesian economics at play.  There was weakness below the headline, too, as a big part of the job gains were self-employment positions, at 38,300.  The public sector grew by 18,800, while private

[Torontojay]

Canada is intentionally underreporting the labour force which is keeping a lid on the unemployment rate. By my calculation, the unemployment rate should be much higher than the reported figures. 

[Frankie10]

Great summary. This is akin to the GDP data - on the surface things look fine, but the more you look at the details, the worse it looks. and to your point regarding the difference between population growth and workforce growth - I would think this could be explained by foreign students. Hope you are well, Frankie

[Torontojay]

The labour force participation rate for new Canadian residents has never been this low before. I'm referring to the delta or the rate of change between labour force and population y/y. My guess is that as more Canadians search for work (foreign students have to work too) then we will see an increase in the unemployment rate in the months ahead .The US has also been fudging their numbers