๐, TO! Canada added 88,000 jobs in May and the unemployment rate fell to 6.6%. Ontario gained 42,000 jobs, while TO's unemployment rate dropped to 6.8%, its lowest level since 2023. Youth employment also improved. ๐buff.ly/h5GtnRR#TorontoJobs#LabourMarket
๐, TO! New KPMG research finds 77% of Cdn employers are using agentic AI, while 59% say it has already changed entry-level hiring. As AI reshapes work, human skills like critical thinking & adaptability are becoming even more valuable. ๐buff.ly/1WdZi5u#AI#TorontoJobs
๐, TO! A new SMB survey finds wages rose 4.2% YoY in April, outpacing inflation (2.4%), even as employment dipped 0.9%. Seasonal sectors led growth, with hospitality, retail & tourism wages up 10.6%. ๐buff.ly/PDDj48g#LabourMarket#SMBs#HiringTrends#Wages
๐, TO! A new StatsCan report finds industries tied to U.S. demand supported 1.7M Canadian jobs in 2024 and saw labour productivity grow 4.4% from 2019-24, compared with 0.5% in other industries. ๐buff.ly/qfJfiJN#LabourMarket#Productivity#Trade#Economy
๐, TO! ON unveiled its first Defence Industrial Strategy, a 10-year plan that could create 43K jobs by 2035. The strategy focuses on advanced manufacturing, AI, cybersecurity, aerospace, STEM talent & supply chains. ๐buff.ly/nvtTHfr#OntarioJobs#STEM#Manufacturing
๐, TO! New StatsCan report finds that 42% of non-working Canadians with disabilities had work potential in 2022, while 34% of employed persons with disabilities were overqualified for their jobs. Improving accessibility can help unlock untapped talent. ๐buff.ly/MuHalaR
๐,TO! ON is investing $1.7B to create 70,000 new postsecondary seats in health care, STEM, education, and skilled trades programs. The first new seats are expected in Fall 2026 to help meet labour market demand.๐buff.ly/aleVRP9#OntarioJobs#FutureOfWork#SkilledTrades
๐, TO! Canada's real GDP was flat in Q1 2026 after a 0.2% decline in Q4 2025, meeting the technical definition of a recession. Business investment fell for a fifth straight quarter, though wages and corporate profits increased. ๐buff.ly/Y0jhluB#Economy#GDP#Recession
๐, TO! TO ranked among Canada's top cities for trade diversification, with non-U.S. exports rising 32.82% from 2024-25, nearly 2X the national increase of 16.8%. A sign of growing economic resilience amid trade uncertainty. ๐buff.ly/RFDTKgI#Toronto#Trade#Exports
๐TO! Canadian corporate operating profits rose to $209.9B in Q1 2026, driven by higher commodity prices and oil & gas gains. Meanwhile, manufacturing profits weakened, led by declines in auto and wood product manufacturing. ๐buff.ly/Q1uNnBz#CanadaEconomy#Manufacturing
Goooood Mooorning, TO! Good new in today's Stats Can Labour Force survey; the unemployment rate in the TO census metropolitan area fellย 1.1ย percentage points toย 6.8% in May, the lowest level since Novemberย 2023.
๐, TO! New research warns Canadaโs entry-level job market is shrinking as employers raise skill requirements and adopt AI for routine tasks. Graduate unemployment is projected to hit 10.6% in 2025. ๐buff.ly/VS1AHsA#YouthEmployment#FutureOfWork#CanadaJobs
๐, TO! New Economic & Social Reports examine productivity growth, immigrant labour market outcomes & skilled trades certification trends. One finding: immigrants working in their intended occupations earned nearly 50% more on avg. ๐buff.ly/gszYoqI#LabourMarket
๐, TO! The Bank of Canada says Canada may need to rethink education & training as youth unemployment rises and long-term joblessness grows. Youth unemployment hit 14.3% in April amid weaker entry-level hiring. ๐buff.ly/cpmsPIy#YouthEmployment#FutureOfWork#CanadaJobs
๐, TO! Torontoโs non-U.S. exports jumped 32.8% between 2024-2025, making it one of Canadaโs strongest cities for trade diversification beyond the U.S., according to a new Canadian Chamber report. ๐buff.ly/RFDTKgI#Toronto#Trade#OntarioEconomy#Exports
๐, TO! Canadaโs labour force is facing long-term pressure from record retirements & tighter immigration caps. RBC says labour shortages could return as population aging shrinks the available workforce in the years ahead. ๐buff.ly/9I2R5c8#LabourMarket#Immigration
๐, TO! The Bank of Canada says Canadaโs โlow hire, low fireโ labour market is creating economic โinertia,โ with rising long-term unemployment, weaker hiring & youth unemployment now above 14%. Find out why:๐buff.ly/seUuKVd#LabourMarket#YouthEmployment#CanadaEconomy
๐, TO! ๐ON is investing $1.7B to add 70,000 postsecondary seats in health care, STEM, education & skilled trades programs. Schools will work with local employers to align training with labour market demand as early as Fall. ๐buff.ly/aleVRP9#OntarioJobs#SkilledTrades
๐, TO! Ontario has unveiled its first-ever Defence Industrial Strategy, aiming to create 43,000 jobs by 2035 through investments in manufacturing, AI, aerospace, cybersecurity & critical minerals. Ontario already hosts 300 defence firms. ๐buff.ly/nvtTHfr#OntarioJobs
๐, TO! The latest Canadian Survey on Business Conditions shows rising cost pressures, ongoing tariff concerns & growing AI adoption among Canadian businesses. Nearly 1 in 5 businesses reported using AI over the past year. ๐buff.ly/Pw577Ux#CanadaEconomy#AI#Inflation