Mar.12, 2021


  • Visit to register for National Bank Financials’ ‘Invest in You’ webcast!
    • Date March 23, 2021 at 12:00 MDT
    • If you register and cannot attend, you can access the webcast at any time.
    • Everyone is welcome to attend.
    • Speakers:
      • Suzanne H. Pringle, Family lawyer
      • Hélène Belleau, Sociologist and professor
      • Angela D’Angelo, Vice President, National Bank Financial
      • Sophie Ducharme, Vice President, Private Banking 1859

CANADIAN EMPLOYMENT DATA (Unemployment rate 8.2% vs 9.4% M/M)

  • Canada added 259,000 in February after falling 266,000 over the past 2 months.
    • Full-time up 88,000 and Part-time up 171,000; almost 25% of those working part-time want a full-time job.
    • Currently 599,000 fewer people working than 12 months ago. Employment losses are concentrated in women age 15-24.
    • People unemployed longer than 27 weeks 483,000 down 49,000 M/M.
    • Participation rate 64.7% vs low point, 60% April 2020.
    • Quebec added 113,000 jobs and Ontario added 100,000 jobs.
  • Alberta added 17,000 jobs in February, mostly in accommodation and food services.
    • Unemployment rate 9.9% vs 10.7% M/M.
    • Participation Rate 69.1% vs 69.3% M/M.
    • Edmonton added 12,000 jobs
      • unemployment rate 11.6% vs 11.9%.
      • participation rate 70.3% vs 69.5%.
    • Calgary lost 6,800 jobs
      • unemployment rate steady at 10.6%.
      • participation rate 71.6% vs 72.3% M/M.


  • Saudi Arabia is building a $5 billion plant to make green hydrogen to lessen their dependence on petrodollars and build a leadership role in the hydrogen market.
  • Canada is testing a variety of new energy storage technologies including:
    • Compressed Air Energy Storage – using surplus power to compress and pump air into a cave or mine shaft to be stored and later released to drive a turbine.
    • Flywheels – rotors spin up to 50,000 revolutions per minute in a vacuum and the power is stored as kinetic energy to drive motors or other electrical generation devices.
    • Thermal Energy Storage – energy is stored by heating or cooling materials such as rocks, salts, liquids; later the saved heat can produce steam to turn turbines and generate electricity.
    • Hydrogen – use electricity to generate hydrogen from water using an electrolyzer. Hydrogen is then fed into a fuel cell which operates much like a battery.