Canadian businesses are expected to have a good year as conditions in the U.S. improve. But that doesn’t mean employers will be upping their ranks – a recent survey from Hays Canada finds many plan to keep hiring costs down this year.
It’s good to be Canadian. While the U.S. housing market crumbled – to a certain degree bringing the global economy along with it, after some slight hiccups, the real estate markets in most Canadian cities have continued a slow and even climb. But only a fool would think that the Canadian economy is not heavily influenced by events in the U.S. and Europe. Here, we review what various economic soothsayers from around the world predict 2012 will have in store for the global economy.
Canada’s unemployment rate has fallen to 7.1 per cent. This all sounds great, but why does the outlook for job growth still feel sluggish and gloomy? If you look deeper into the numbers, the job creation comes after two months of basically no growth in the labour market. In fact the unemployment rate rose in August. So don’t believe the newspaper headlines that say “Employment surges in September.” They should be adjusted to read, “Employment plays catch up in September.”