StatisticsCanada

Canada's Trade Balance Shifts to Deficit Amid Growing Tariff Concerns

2 months ago

In a significant shift, Canada’s trade balance has transitioned into a deficit, marking the first time this has occurred since earlier this year. Recent reports indicate that the country experienced a trade deficit of $1 billion in February, primarily driven by a reduction in exports paired with an increase in imports. This turn of events comes at a time of escalating worries about potential tariff impositions that could further impact the Canadian economy.

Canada Sees Robust Job Growth in January as Unemployment Rate Falls

4 months ago

In a promising development for the Canadian economy, the nation added a significant 91,000 new jobs in January, resulting in a drop in the unemployment rate to 6.7%. This surge in employment is a key indicator of the labor market's resilience and sets a positive tone for the country’s economic outlook.

Canada’s Population Growth Hits Two-Year Low Due to Migration Curbs

5 months ago

In a significant shift that may reshape the demographic landscape of Canada, new statistics reveal that the country’s population growth has plummeted to its lowest level in two years. This decline, attributed primarily to recent changes in immigration policy, raises concerns about the future workforce and economic stability.

Canada's Trade Deficit Deepens as Oil Exports Decline: A Comprehensive Analysis

7 months ago

In a worrying trend, Canada has once again found itself grappling with a trade deficit, marking the sixth consecutive month of negative trade balance. The primary culprit behind this downturn is a notable decline in oil exports, a vital sector for the Canadian economy that has faced headwinds in recent months.