Oct. 11, 2019

CANADIAN POPULATION AND EMPLOYMENT GAINS

  • In 2015 Canada’s population was 36,026,676 vs today 37,503,170; equivalent to 0.49% of global population, now ranked 39 in the world. (Alberta population 2015 was 4,144,491 vs 4,371,316 July 2019)
    • 81.2% of Canada’s population is urban with a median age of 40.5 years
    • Canada is expected to welcome 330,800 immigrants in 2019, 341,000 in 2020 and 350,000 in 2021 vs prior annual immigration of 250,000 in 2015
  • Since September 2018, Canada has added 456,000 jobs.
  • In September, Canada added 54,000 net new jobs; self-employed workers rose 42,000.
    • Added 70,000 full time, lost 16,000 part time
      • Unemployment rate 5.5% vs 5.7%
    • Ontario added 41,000, mostly full time
      • Unemployment 5.3% vs 5.6%
    • Alberta added 4,900; full time 2,400, part time 2,500
      • Unemployment rate 6.6% vs 7.2%
    • Unemployment in Quebec 4.8%, Manitoba 5%, Saskatchewan 5.3%, BC 4.8%
    • Participation rate 65.5% vs 65.2% Y/Y (compared with 63.2% in the US)
  • Canada ranks 14th place in the Global Competitiveness Index vs 12th in 2018 and 10th in 2017. (source: World Economic Forum)

WORLD MENTAL HEALTH DAY – OCTOBER 10, 2019

  • 40% of Canadians are so financially stressed that their work performance is suffering (source: Canadian Payroll Association)
  • Sun Life Financial study reveals:
    • 59% of working Canadians experienced a mental health issue in 2019 vs 52% in 2017
      • 60% are not accessing support through workplace benefits, even when offered
      • 78% haven’t used government funded services
    • Millennials are the least likely to seek help (39%)
  • Public Health Canada says that 1 in 3 of us will experience mental illness in our lifetime.
    • 500,000 Canadians miss work every year because of mental health
      • 90% of Canada’s 4,000 annual suicides involve mental health
    • Recognize the signs of mental distress:
      • Significant mood changes
      • Withdrawal from family, friends, favourite activities
      • Changes in eating or sleeping patterns
      • Missing work or school more often
      • New or increased alcohol or drug use
      • Talk of being a burden or being in unbearable pain or thinking of suicide

TIDBITS

  • Sale of agriculture and food produces account for 9.7% of Alberta’s 2018 merchandise exports.
    • US represented 39.6% and China 23%
  • Alberta oil and gas drilling declined 34%, 92 wells, in the first 9 months of 2019 vs 140 in 2018.
  • University of Alberta ranks among the top 5 universities in Canada (Macleans rankings Oct 2019).
  • 4 first nations in BC back LNG exports as a way to fight climate change.
  • Q3 overall marijuana prices fell 6.4% to $7.37/gram; legal prices $10.23 vs illegal $5.59/gram.
  • PG&E cut electricity to 800,000 California homes and businesses affecting 2.4 million people to prevent wildfires.
    • Tesla advises consumers to charge-up before the blackout to ensure they can still travel
  • California is ending private prisons and immigrant detention camps.