- In 2018 Alberta exported $118 billion (up 16% Y/Y and down 3% from 2014 peak)) worth of goods to other countries.
- US 87%; China 4%; Japan 2%
- To August 31, 2019 exports to China have declined 11.8% (agriculture products down 32%).
- Saskatchewan home foreclosures have almost doubled over the past 5 years.
- Since 2014, delinquent residential mortgages have tripled to 0.86% (nearly a 27-year high and the highest in Canada).
POST-SECONDARY EDUCATION IN CANADA
- 2018 National Graduates Survey (class of 2015) shows 420,300 graduated from post-secondary institutions nationally:
- Ontario had 169,400 grads (40% of national total); Quebec 109,900 (26%); BC 54,400 (13%).
- Alberta had 38,500 (9%)
- 43% completed a college program; 45% earned a bachelor’s degree; 11% received a master’s degree; 1% earned a PhD.
- 61% of Alberta’s graduates were women
- 90% were employed 3 years after graduating
- 50% had student debt at graduation and 1/3 of those had it paid off within 3 yrs.
CANADA’S EMPLOYMENT REPORT
- Canada lost a net 1,800 jobs in October vs expected gain of 15,900.
- Unemployment unchanged at 5.5%
- Wages for permanent employees rose 4.4% Y/Y
- Services sector gained 39,000 while manufacturing lost 23,100 and construction lost 21,300.
- Alberta added 7,700 jobs (gained 14,400 full time; lost 6,700 part time)
- Unemployment rate increased to 6.7% from 6.1% M/M
- BC added 15,300 jobs (gained 12,700 full time and 2,600 part-time)
- Unemployment rate 4.7% vs 4.8% M/M
- Ontario lost 16,200 jobs (lost 24,200 full time and gained 8,000 part-time)
- Unemployment rate unchanged at 5.3%
- Quebec lost 9,500 jobs (lost 13,300 full time and gained 3,900 part-time)
- Unemployment rate 5% vs 4.8% M/M
- Deloitte Insights (a division of Deloitte Touche) found that $1 spent on mental health programs delivers a median return on investment of $1.62, rising to $2.18 for programs in place 3 yrs +.
- Equifax Canada says 55% of Canadians plan on spending less this holiday season because of their personal debt load.
- TD Financial Health Index shows 27% of Canadians are financially healthy; 54% spent more or equal to their 2018 income, 15% are financially vulnerable; 31% say they have more debt than is manageable.
- Median age of first-time home buyers in the US is 33, the oldest on record; the median age of all buyers is now a record 47.
- Microsoft spent August 2019 experimenting with a 4-day work week in Japan (to address a labour shortage and rapidly aging population) and found sales per employee rose 40% compared with the same month last year.
- 92% of employees liked the 4-day work week
- “23% less electricity consumed and 59% fewer pages were printed”
- France is setting annual quotas for professional immigration to match staffing needs, similar to Canada and Australia.