Job vacancies on the rise in Canada

Increased in six of the 10 largest industrial sectors

Job vacancies on the rise in CanadaBoth the number of unfilled jobs – job vacancies – and the job vacancy rate increased in the second quarter across Canada, according to Statistics Canada. The federal agency reported Friday that the number of job vacancies was up in four provinces and two territories, with Quebec accounting for nearly 70 per cent of the…

Immigrant earnings gap costs economy $50 billion

While Canada draws some of the best and brightest, our success in integrating those newcomers into the labour force falls short: RBC

Immigrant earnings gap costs economy $50 billionFailing to address the earnings gap among immigrants may be costing Canada $50 billion, or 2.5 per cent of gross domestic product, according to a new report by RBC Economics. The Untapped Potential report says the immigrant wage gap isn’t just a problem for immigrants.  “It has a broader economic impact, in terms of not…

Canadian oil and gas extraction industry suffers net loss in 2018

Total expenses were $137.4 billion (up 25.6 per cent), resulting in a net loss of $13.9 billion, says Statistics Canada

Canadian oil and gas extraction industry suffers net loss in 2018Total revenue for the Canadian oil and gas extraction industry rose 4.9 per cent to $123.5 billion in 2018, following a 35.5 per cent increase in 2017, but total expenses were $137.4 billion (up 25.6 per cent), resulting in a net loss of $13.9 billion, says Statistics Canada in a report released Wednesday. “Total operating…

Proton Technologies extracts low-cost hydrogen from oilfields

The idea for Calgary-based Proton Technologies began as a conversation between leading academic researchers at the University of Calgary and a young Canadian oil and gas company. Both were seeking to redefine the energy sector through the application of game-changing technologies. Proton's mission is to transform the deep earth into a continuing source of green…

Canadians $1.77 in debt for every dollar of disposable income

The "good news" is that debt is growing at a slower pace

Canadians $1.77 in debt for every dollar of disposable incomeHousehold credit market debt as a proportion of household disposable income fell to 177.1 per cent in the second quarter of this year, the third consecutive quarterly decline, as income grew slightly faster than debt, according to a report released Friday by Statistics Canada. “In other words, there was $1.77 in credit market debt for…

Hatch Ltd., Upside Engineering Ltd. merge in the oil and gas sector

Brings together the largest oil and gas process team for complex upstream and downstream flowsheet development in Canada

Hatch Ltd., Upside Engineering Ltd. merge in the oil and gas sectorTwo significant players in Alberta's oil and gas market have merged. In a news release on Wednesday, Hatch Ltd. announced that Upside Engineering Ltd. has joined Hatch, bringing together the largest oil and gas process team for complex upstream and downstream flowsheet development in Canada with a well-established local engineering firm that specializes in midstream…

High net-worth Canadians focusing on preserving their wealth

The reasons for that include market uncertainty, geopolitical turmoil and home-grown tax changes

High net-worth Canadians focusing on preserving their wealthHigh net-worth Canadians are shifting their focus from generating wealth to preserving what they have, with 82 per cent saying it's more important than ever to 'future-proof' their wealth, says a new study released Wednesday by RBC Wealth Management. The reasons for that include market uncertainty, geopolitical turmoil and home-grown tax changes. "While investment and…

It pays to get a bachelor’s degree from a college

It pays to get a bachelor’s degree from a collegeIt pays to get a college bachelor's degree, Statistics Canada reported on Monday. The federal agency reported on a study showing that the average annual earnings of college bachelor's degree holders two years after graduation were $55,187. This was 12 per cent higher than the earnings of university bachelor's degree holders ($49,281), 42.5 per cent higher…

Canada’s multifamily housing market robust: report

Vacancy rates below 10-year average, rents on the rise: CBRE

Canada’s multifamily housing market robust: reportCanada’s multifamily housing market is the most robust it has ever been, , according to CBRE’s new Canadian Multifamily Mid-Year Update. Apartment buildings are practically full from coast to coast and rental rates are at or near 10-year highs in almost every market, according to CBRE. The commercial real estate firm’s report said the national…
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