Ontario is leading the other Canadian provinces with 35,000 new jobs added in the food and accommodation sectors in July 2021. Full-time work in Canada increased by 83,000 across multiple sectors boosting growth as well. Statistics Canada said in July the unemployment rate dropped to the lowest level since March, at 7.5 percent, compared to June with 7.8 percent. Overall, Canada added 94,000 new jobs in July as restrictions due to the pandemic continued to be lifted. Although the numbers didn’t reach the predictions by economists, there still isn’t much to complain about as the country created close to 100,000 jobs over one month. A senior economist said this shows signs of recovery, but that the mission has not yet been accomplished.
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I don't expect Canadian job losses or a decline in the economy if another wave hits the country. Vaccinations are keeping Canadians out of the hospital, and the government is choosing more targeted measures to shut the virus down.
Royce Mendes, an economist for CIBC, said he doesn’t expect Canadian job losses or a decline in the economy if another wave hits the country. Vaccinations are keeping Canadians out of the hospital, and the government is choosing more targeted measures to shut the virus down. Mendes also sees room for growth in industries that have seen large gains like accommodation and food, and sectors that haven’t yet seen a large boost like recreation and culture. BMO Capital Markets’ Chief economist said the country could see one more employment hump before Canadian job gains shoot up. He recognized positive signs in the number of full-time jobs in Canada that have been added and the number of hours worked which have increased. Contact Canadian Visa App and begin the process for you and your family.