66 h. ago Ontario's unemployment levels keep surging higher and Toronto is among the worst

As much as we all want to hope for economic recovery in Ontario, joblessness in the province and across Canada is only getting worse, especially in major hubs like Toronto.Even in the wake of recent changes to the nation's immigration program — which many have criticized for causing a too-rapid and unmanageable population surge post-COVID — the proportion of residents who are out of work continues to grow, with fierce competition for even entry-level jobs.In July, Ontario saw another worrying uptick in its unemployment rate, which rose 0.1 per cent month-over-month and 1.2 per cent year-over-year to a painful 7.9 per cent, according to a new Labour Force Survey from StatCan.This makes us the fourth-worst province or territory for job seekers after Newfoundland & Labrador (10.5 per cent), Nunavut (9.9 per cent), and P.E.I. (8.8 per cent).StatCanCanada's national average sits at 6.9 per cent — stable from June, but ...

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66 h. ago Ontario's unemployment levels keep surging higher and Toronto's is among the worst

As much as we all want to hope for economic recovery in Ontario, joblessness in the province and across Canada is only getting worse, especially in major hubs like Toronto.Even in the wake of recent changes to the nation's immigration program — which many have criticized for causing a too-rapid and unmanageable population surge post-COVID — the proportion of residents who are out of work continues to grow, with fierce competition for even entry-level jobs.In July, Ontario saw another worrying uptick in its unemployment rate, which rose 0.1 per cent month-over-month and 1.2 per cent year-over-year to a painful 7.9 per cent, according to a new Labour Force Survey from StatCan.This makes us the fourth-worst province or territory for job seekers after Newfoundland & Labrador (10.5 per cent), Nunavut (9.9 per cent), and P.E.I. (8.8 per cent).StatCanCanada's national average sits at 6.9 per cent — stable from June, but ...

Other

3 d. ago How prices for staple grocery items have fluctuated in Canada so far this year

The price of groceries in Canada remains a source of concern for many households, as the cost of daily essentials continues to strain budgets.The rising price of groceries is a very real worry for many shoppers in Canada, according to a new report by PwC stating that 76 per cent of Canadians worry about the rising cost of food — much higher than the global average of 59 per cent.And Canadians are worried for good reason, as prices constantly fluctuate.Grocery giant Loblaw recently published its July food inflation report, which states that food prices in June rose by 2.8 per cent compared to last year. It's a slower pace than the 3.3 per cent increase seen in May, but still higher than the headline inflation rate of 1.9 per cent.And, in addition to inflation, the tumultuous U.S.-Canada trade war continues to loom over shoppers' wallets.Using Statistics Canada's Average Retail Food Prices Data Visualization Tool, we ...

Economics

4 d. ago Ontario records low housing starts in 2024 as it aim for Ford’s goal

The government recently updated its housing tracker for the first time in eight months

Sport

4 d. ago Ontario records low housing starts, even using new ways of counting them

The government recently updated its housing tracker for the first time in eight months, and it provides yet another glimpse into home building struggles.

Sport

4 d. ago Ford government fails to hit housing target, even after adding LTC beds, student dorms

New data released by the province shows that, even with 20,000 non-traditional housing starts added, 2024 was another year Ontario missed its home construction targets.

Politics

7 d. ago Economy lost 41,000 jobs in July but unemployment rate held steady at 6.9%

OTTAWA — The Canadian economy shed some 41,000 jobs in July as young workers and the private sector bore the brunt of the losses, Statistics Canada said Friday. The unemployment rate held steady at 6.9 per cent as the number of job seekers was roughly unchanged from June. The economy lost 51,000 full-time positions in […]

Other

7 d. ago Canada lost 41,000 jobs in July but unemployment rate held steady at 6.9%

OTTAWA — Statistics Canada says the economy shed some 41,000 jobs in July, partially offsetting a gain of 83,000 positions in June. The unemployment rate meanwhile held steady at 6.9 per cent last month as the agency says the total number of job seekers was roughly unchanged. StatCan says July’s losses were concentrated in full-time […]

Other

7 d. ago Lacklustre conditions weigh on U.S. resale, new home markets

Multi-family pushes housing starts upward, while sales of single family homes fall in the United States.

Other

9 d. ago Greater Toronto housing market sees best July in four years: TRREB

Greater Toronto Area-home sales rose 10.9 per cent in July compared with a year earlier as 6,100 properties changed hands, the most activity recorded in the month since 2021. The Toronto Regional Real Estate Board says sales were up 13 per cent from June on a seasonally adjusted month-over-month basis, as improved affordability driven by […]

Other

9 d. ago Canada’s trade with U.S. still ‘quite weak’ despite June rise: economists

Canada saw exports to the U.S. rise by 3.1 per cent in June, with imports also slightly up, but the data showed it was still down compared to a year prior.

Economics

9 d. ago Canadian trade with U.S. picked up in June despite tariffs: StatCan

OTTAWA — Canadian exporters did more business with the United States in June even as tariffs ramped up, Statistics Canada said Tuesday. The agency said exports to the U.S. rose 3.1 per cent in June compared with the prior month, but were still down 12.5 per cent on a year-over-year basis. Canada’s trade surplus with […]

Economics

1 week ago Loblaws grocery prices finally cooling in Canada but tariffs could reverse trend

Grocery shoppers in Canada experienced a bit of relief in June, but Loblaw's latest report says that could easily change with the ongoing tariffs spat.According to the grocery giant's July food inflation report, food prices in June rose by 2.8 per cent compared to last year. It's a slower pace than the 3.3 per cent increase seen in May, but still higher than the headline inflation rate of 1.9 per cent.Loblaw says the drop in fresh vegetable prices, which fell by 3.1 per cent, helped ease cost pressure on grocery bills, encouraging shoppers to buy local heading into the summer."The summer months bring some of the best quality and lowest pricing options for certain fresh produce for Canadians," reads the report.Veggies like locally grown lettuce, celery, beans, eggplant, and zucchini come into season, hopefully lowering your grocery bill."As international options include higher freight costs and foreign exchange rates, during peak growing seas...

Economics

3 w. ago Tale of two cities: Why Edmonton builds homes faster than Toronto

Toronto is lagging cities such as Edmonton, Calgary and Vancouver, where housing starts are on the rise. They're falling in Toronto, and experts say city policy is a culprit.

Other

3 w. ago Here’s why the Bank of Canada could be done cutting interest rates for now

After a quarter-point cut in March, the Bank of Canada held its benchmark interest rate steady at 2.75 per cent in April and June.

Other

4 w. ago Eliminating interprovincial trade barriers would add 30K annual housing starts: CMHC

A new analysis by the national housing agency estimates Canada could add 30,000 more housing starts annually by eliminating interprovincial trade barriers. That would push the total number of annual housing starts close to 280,000 over time, which would represent a “meaningful step towards fixing Canada’s housing supply gap,” said a report released Thursday by […]

Economics

4 w. ago Dropping interprovincial trade barriers would add 30K housing starts: CMHC

Canada Mortgage and Housing Corp. says dropping interprovincial trade barriers would push the total number of annual housing starts close to 280,000 over time.

Economics

last month Annual pace of housing starts in June up 0.4 per cent from May: CMHC

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in June edged up 0.4 per cent compared to May. The national housing agency says the seasonally adjusted annual rate of housing starts amounted to 283,734 units in June, up from 282,705 in May. The reading came as the annual rate […]

Culture

last month Metro Vancouver real estate has cooled, luxury level gone ice cold in 2025

Metro Vancouver real estate sales generally were down almost 10 per cent in June, but at the luxury level, sales have been down 51 per cent over the first six months of 2025.

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