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The Market Online
5 days ago
- Business
- The Market Online
Inflation Rate Rises to 1.9% Tipping TSX Up
Canadian markets crept into the green Tuesday with domestic and U.S. inflation bombs ticking in both countries. Market Numbers (Futures) TSX : Up ( 0.20%) 27,253.25TSXV: Up (0.35%%) 786.54DOW: Down (0.16%) 44,619.00NASDAQ: Up (0.49%) 23,149.25 FTSE: Down (0.011%) 8,999.02 In the Headlines: Breaking news: StatsCan reported June inflation at 1.9%, just below the 2% target midpoint, reinforcing expectations that the Bank of Canada will hold its line And Ford is recalling more than 100,000 vehicles in Canada because of a fuel pump issue that could lead to engine failure and increase the risk of a crash. Currencies Update: (Futures) The Canadian dollar claws higher, up 0.18% to $0.7332 USD and edging 0.08% stronger against the euro at $0.6262. Meanwhile, Bitcoin takes a beating, plunging 3.65% to C$160,502.64. Commodities: (Futures) Natural Down: Up (0.55%), 3.45WTI: Down (0.06%), 69.99Gold: Up (0.29%), 3,353.53 Copper: Down (0.42%) 5.93 To stay up-to-date on all of your market news head to Join the discussion: Find out what everybody's saying check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here
10-07-2025
- Business
Canadian travel to the U.S. plummets — but Americans are staying home, too
It's not just Canadians who are holding back on cross-border travel amid a U.S. trade war that has soured bilateral relations. The number of Americans coming to Canada is also dropping off. New data published by Statistics Canada Thursday shows a 10.4 per cent decline in U.S. resident trips by automobile in June — a steeper drop than what was registered the month before. According to the federal agency, 1.4 million Americans made the trip north by auto last month, compared to roughly 1.56 million who did the same last year. That decline has political and business leaders on the Canadian side of the 49th parallel concerned given how much these visitors spend when they come. Last year, American visitors contributed a record $15 billion (new window) to the economy. Enlarge image (new window) Source: Statistics Canada Photo: CBC There is a silver lining, though: some tourist destinations are reporting an uptick in domestic and non-U.S. international travellers, which, in some instances, is making up for the drop in American spending. What's obvious from the data is that Canadian trips to the U.S. continue to plummet. The number of Canadians returning from trips to the U.S. by air fell 22.1 per cent in June compared with the same month one year earlier, according to StatsCan. Canadian-resident return trips by automobile dropped by an eye-popping 33.1 per cent. Enlarge image (new window) Source: Statistics Canada Photo: CBC Still, a statistically significant number of U.S. residents are also choosing to defer travel to Canada. Federal data shows the number of American-plated autos coming to Canada has been sliding since the onset of the trade dispute. The year was off to a promising start, with more Americans coming up in January than in the same month the year before. But, in February, things took a turn just as U.S. President Donald Trump ramped up his 51st state rhetoric and slapped tariffs on all imports (new window) , prompting a Canadian backlash, anthem booing (new window) and hurt feelings on both sides of the border. Enlarge image (new window) New data published by Statistics Canada shows a 10.4 per cent decline in U.S. resident trips by automobile in June. Photo: Associated Press / Adrian Kraus The immediate result was a drop in cross-border traffic — with Canadians pulling back on travel in a big way (new window) and their American neighbours doing the same, but to a lesser extent. The number of American-plated cars crossing into Canada dropped by six per cent in February, four per cent in March, and seven per cent in April, according to a CBC News analysis of the data. Enlarge image (new window) Source: StatsCan Photo: CBC Niagara Falls, Ont., is particularly dependent on American travellers, with as many as three million of them coming north to take in the unofficial eighth world wonder in any given year. Figures from the Niagara Falls Bridge Commission, which manages three border crossings in the area, shows even steeper declines than what has been reported elsewhere. Canada-bound trips by car fell by double digits at different points this year at the heavily trafficked Rainbow Bridge. The Rainbow Bridge connects Niagara Falls, Ont., and Niagara Falls N.Y. The number of Canada-bound trips by car has fallen by double digits at different points this year. Photo: The Canadian Press / Tijana Martin On American Independence Day, for example, auto traffic over that bridge to Canada dropped by 20 per cent this year compared with 2024 — a particularly notable drop given the holiday fell on a Friday. Northbound bridge traffic was off significantly from last year's numbers every day last week, typically one of the busiest travel periods given the Canada Day and Fourth of July celebrations fall at roughly the same time. Enlarge image (new window) Source: Niagara Falls Bridge Commission Photo: CBC According to the Niagara Parks Commission, the Ontario agency that oversees dozens of attractions, shops and restaurants in the region, 42 per cent of its revenue last year came from Americans — about the same as what they pulled in from Canadians. Revenue from American travellers is off by nine per cent so far this year, David Adames, the CEO of the Niagara Parks Commission, told CBC News in an interview. He doesn't know why American tourism has dropped but he said geopolitical issues, uncertainty from some U.S. visitors and whether they feel welcome could be driving their decisions. The agency has ramped up its advertising efforts in the U.S. Our message to them is, 'We've got awesome tourism experiences to share with you. We're ready and willing and able to welcome you here,' Adames said. Enlarge image (new window) A Niagara tour boat is seen at the Horseshoe Falls in Niagara Falls, Ont. Revenue from American travellers is off by nine per cent so far this year, according to David Adames, the CEO of the Niagara Parks Commission. Photo: The Canadian Press / Peter Power Niagara-on-the-Lake Lord Mayor Gary Zalepa said there has been a worrying decline in American visitors to his picturesque historic town a stone's throw from the U.S. — but the drop-off isn't catastrophic. The town and surrounding area were the scene of several battles during the War of 1812, another era when bilateral relations were at a low point. The town's Shaw Festival Theatre, which typically brings in about 100,000 American attendees each season, has seen U.S. ticket sales drop by roughly four cent this year, a spokesperson said. In an interview, Zalepa said some U.S. visitors, who he called extremely important to the town's tourism industry, have told him they do feel somewhat uncomfortable coming to Canada given what's been going on between the two countries. There's a lot of sheepishness — that's what the American visitor is thinking about or contemplating as they make a trip to Canada, he said. But he says those who do come see they have nothing to worry about. If we have some differences of opinion, I say, 'Let's put that aside.' The American visitor is very welcome here, he said. Enlarge image (new window) American tourists are 'extremely important' to Niagara-on-the-Lake, Ont., says the town's lord mayor. Photo: Shutterstock / Victor Kiev Amid the American drop-off, non-U.S. international visitors are coming to the Niagara region more than usual — a possible sign that some foreign tourists are avoiding the U.S. and coming to Canada instead this summer. Adames said there's been a notable uptick in visitors from the U.K., France, Australia, South Korea, Spain, Italy and Mexico, which, when added together, offsets the American decline. Zalepa said he's also noticing an uptick in foreign visitors who are skipping the U.S. He said Canada should do its level best to keep that trend going even after the Trump animus fades. We probably should have been doing a better job with that in the past, he said. It's a bit of a wake-up call and sometimes you need your neighbour to give you a nudge. The relationship shakeup has got us thinking about finding new markets. John Paul Tasker (new window) · CBC News · Senior reporter J.P. Tasker is a journalist in CBC's parliamentary bureau who reports for digital, radio and television. He is also a regular panellist on CBC News Network's Power & Politics. He covers the Conservative Party, Canada-U.S. relations, Crown-Indigenous affairs, health policy and the Senate. You can send story ideas and tips to J.P. at Follow J.P. on X (new window)
Vancouver Sun
04-07-2025
- Business
- Vancouver Sun
Emigration up, immigration down: Trends contributing to slower population growth, says StatCan
The number of people leaving the country has been slowly increasing in recent years, according to recent data from Statistics Canada. Meanwhile, immigration levels are down in the wake of federal reductions. Both these trends are contributing to a larger picture of significantly slowing population growth, according to StatsCan analysis . StatCan includes Canadian citizens and permanent residents when it refers to emigration or emigrants — folks who leave Canada to reestablish their permanent residence in another country. Immigrants, people who come to live in Canada, include permanent residents and landed immigrants. Start your day with a roundup of B.C.-focused news and opinion. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sunrise will soon be in your inbox. Please try again Interested in more newsletters? Browse here. During the first quarter of this year, 27,086 people emigrated from Canada. It was 25,394 in the first quarter of 2022, then 25,536 in the first quarter of 2023 and up to 26,293 in the same quarter of 2024. The number of emigrants peaked at more than 31,000 in the third quarter of 2017, and hit over 30K midway through 2018 and 2019. The lowest emigration level in recent years was in the second quarter of 2020 — at just 7,431. Though, that's unsurprising considering it is when the COVID-19 pandemic hit. After that, emigration started ramping up again. A 2024 StatCan report looked at the likelihood of departure by folks who had previously immigrated to Canada. It showed that 5.1 per cent of immigrants admitted between 1982 and 2017 emigrated within five years of arriving. That number jumped to 17.5 per cent 20 years after entering Canada. The report did not present data on eventual destinations as ' emigrants are not required to report their departure from Canada or their destination,' Jada Cormier a communications officer with Statistics Canada told National Post in an email. However, the 2024 StatCan report did outline several immigrant characteristics that have been linked to emigration from Canada. For example, immigrants born in Taiwan, the United States, France, Hong Kong or Lebanon have been more likely to emigrate. The contrary is true for people born in the Philippines, Vietnam, Sri Lanka or Jamaica. Immigrants who did not have children were substantially more likely to emigrate than those who had children. This particular trend has been truer for people age 65 or older. Immigrants admitted in the investor and entrepreneur categories have been more likely to emigrate, while those admitted in the caregiver and refugee categories are less likely. Education level also has an impact, according to StatCan, with more educated individuals being more likely to leave than less educated immigrants. It notes that people non-permanent residents who received a study permit prior to being admitted are particularly likely to leave. Immigrants that were admitted to Canada may turn around and emigrate for a variety of reasons. It will 'depend on both the situation in their country of origin and in Canada,' says StatCan in a 2024 report . Some faced difficulty 'in integrating economically in Canada' and adjusting to their new country of residence. The StatCan report cites a study ( Barauch et al. 2007) that stated f amily and labour market conditions 'are the main reasons that international students leave the United States and the United Kingdom.' The challenges faced by immigrants in the Canadian labour market — particularly recent immigrants— are well documented, says StatCan. However, some may have personal reasons for leaving, such as the death of a loved one in their country of origin, Canada's climate, and/or adjusting to Canada's language(s) and culture. Older immigrants may return to their country to retire. StatCan says emigrating may even be part of an immigrant's overall migration strategy. It cites the rise of communication and transportation technology facilitating more than one residence, as well as ongoing family ties. On the other side of the ledger, the number of immigrants started to climb as the pandemic eased, peaking at over 145K in the first quarter of 2023. But Ottawa's new, lower targets for permanent immigration have had a predictable impact. The federal government sets out annual plans — looking three years out. I n 2022, for example, Canada said it wanted to bring in 465,000 permanent residents in 2023, 485,000 in 2024 and 500,000 in 2025. In late 2024, however, the Trudeau government drastically reduced these targets with the aim of to achieving 'well-managed, sustainable growth and economic prosperity for the long term.' The target for 2025 was reduced to 395,000 newcomers and 380,000 for 2026. Canada admitted 104,256 immigrants in the first quarter of 2025. That's the smallest number admitted during a first quarter in four years. Every province and territory except for Newfoundland and Labrador, the Northwest Territories, and Nunavut admitted fewer immigrants in the first quarter of 2025 compared with the same quarter in 2024. As of April 1, there were 2,959,825 non-permanent residents in Canada, accounting for 7.1 per cent of the total population. StatCan includes residents with work or study permits in this category, as well as people who have claimed refugee status. The decrease is unusual for this time of year, says StatCan. Typically, there is an increase in the first quarter. Further, this number is down from a peak of 7.4 per cent on October 1, 2024. The largest decrease in non-permanent residents came from people with only a study permit (down 53,669). Most of it occurred in Ontario (down 30,160) and British Columbia (down 11,742). The number of people who only have a work permit remained high (1,453,481). However, the number of asylum claimants, protected persons and related groups increased for the 13th consecutive quarter, reaching a record high of 470,029 as of April 1. These trends have contributed to the smallest quarterly growth in Canada since the third quarter of 2020. In the first quarter of 2025, the population of Canada increased by just 20,107 people to a total of 41,548,787. Notably, it was the second-slowest quarterly growth rate in Canada since comparable records began (1946). StatCan says it was also the sixth consecutive quarter of slower population growth, driven by the federal government lowering temporary and permanent immigration. However, despite the federal reductions, international migration still accounted for the entire increase in population in the first quarter of 2025. Natural population growth is declining. Births in Canada have been outnumbered by deaths, resulting in an overall decrease of 5,628 as of the first quarter of the year. 'This is consistent with an aging population, a decreasing fertility rate and the higher numbers of deaths that typically occur during the winter months,' says the StatCan analysis that accompanied the quarterly data release. Any natural increase 'has been negative in every first quarter since 2022.' The population dropped slightly in Newfoundland and Labrador (115), Quebec (1,013), Ontario (5,664), British Columbia (2,357) and Yukon (15) during the first quarter of 2025. While these are small decreases compared to the size of those provinces, they were the largest quarterly population losses for both Ontario and British Columbia since comparable records began to be published in 1951. Since then, the populations of those provinces decreased only three times. Some areas of the country increased their numbers slightly: Prince Edward Island (749), the Northwest Territories (168) and Nunavut (158). Alberta's population did the best, with an increase of 20,562. Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark and sign up for our daily newsletter, Posted, here .
Ottawa Citizen
03-07-2025
- Business
- Ottawa Citizen
Salgo: Public servants are happy in their work. But can they meet Carney's new demands?
Article content Earlier this year, I suggested in an Ottawa Citizen column that a tough economic and fiscal environment might not make this the best time for public servants to whine about their jobs. Since then, Canada has elected a new prime minister with an ambitious — one might almost say transformative — agenda, and he in turn has named a new head of the public service committed to ensuring that Canada's bureaucrats deliver on that agenda. The word on the street is that there will be some new faces at the top and not much tolerance for those who don't deliver. Article content Article content Fortunately, the results of the most recent Public Service Employee Survey (PSES), conducted in 2024 and just released, don't disclose much whining. While job satisfaction among federal bureaucrats is down from COVID days, the large majority of public servants like and are proud of their work, at least on a level comparable to that of other Canadians. Article content Article content I know I'm painting with a broad brush. But I'm comparing PSES results to studies of Canadian workers as a whole, compiled at roughly the same time by Statistics Canada and the widely used ADP Canada Happiness at Work Index (HAWI). While these surveys all use different methodologies and sample sizes (e.g., close to 190,000 for the PSES versus 1,200 monthly for the HAWI), for the most part they compare oranges to oranges. Article content According to the PSES, 77 per cent of public servants responded positively to the statement 'overall I like my job.' This is consistent with StatsCan's report that 80 per cent of Canadian workers, both government and non-government, rated their jobs seven or higher on a scale of zero to 10, with an identical average rating of 7.7 out of 10. The overall HAWI score for Canadian employees, arrived at somewhat differently, was lower, at 7.0, but broadly in the same ballpark. Article content Article content What's more, public servants generally take a lot of pride in their work, with 82 per cent saying they're proud of what they do — down from 86 per cent in 2020 but still impressive. Most also report a high level of satisfaction with their immediate supervisors, 80 per cent being satisfied with the supervision they receive. And perhaps not surprisingly, job security does not emerge as a big issue for most of them, although this is probably not the case for term and casual workers. Article content Article content These things said, the PSES highlights a fair number of frustrations that the new government should fix if it wants to deliver on its agenda. Of course, there are specific issues such as access to language training and endless woes with the Phoenix pay system. But I'm talking mostly about concerns that are more systemic, cultural and longstanding. For example, large numbers of government employees struggle with complex business processes (think procurement and staffing); excessive approval stages; and constantly changing priorities, with roughly 70 per cent finding these to be problems at least some of the time.
Yahoo
26-06-2025
- Business
- Yahoo
Calgary 'bucking the trend' as U.S. visits to area surge amid nationwide slump
Canada may be seeing fewer American visitors this spring, but Calgary is proving to be the outlier. Statistics Canada released data this week showing 1.3 million U.S. residents made trips to Canada in April, which is down 8.9 per cent from the same month in 2024. Looking at air travel specifically, StatsCan released data earlier this month that showed a six-per-cent drop in U.S. residents arriving at major Canadian airports in April 2025, compared to April the previous year. However, at the Calgary International Airport, the picture was completely different, with U.S. arrivals up by 29 per cent. Calgary's airport has been an outlier for several months in a row, with a six-per-cent increase in U.S. visitors in February and an eight-per-cent increase in March. Across all major Canadian airports, by contrast, air travel by American residents was pretty much unchanged in February and March, compared to the same months in 2024. "Calgary and Alberta have so much to offer," said Alisha Reynolds, president with Tourism Calgary. "We're delighted to be bucking the trend." Reynolds said data has indicated that spending from the United States has trended positive since the beginning of the year in Calgary, and it has maintained strength through to the end of April. She noted that Mastercard Economics Institute ranked Calgary among the emerging top destinations for summer travel among the US and Canada relative to the same time last year, the only Canadian city to make that list. The tourism industry has been navigating a complex backdrop in recent months, with fewer Canadians travelling to the United States since U.S. President Donald Trump's election win. On the flip side, tourism associations have worried that Americans might stay home, fearing a less-than-receptive response from Canadians. Asked why Calgary is doing so well relative to other Canadian cities, Reynolds suggested coordinated advertising and a busy convention calendar could have been contributors. "We take a 'Team Alberta' approach … between Tourism Calgary and Travel Alberta," she said. "We've made a concerted effort through all this noise to target U.S. travelers to reinforce our city and our province as destinations of choice for both business and leisure." The Calgary Airport Authority said it had seen the increase in visitation to Calgary from U.S. residents this April. It attributed that increase to a number of factors, including stronger air connectivity with U.S. routes, major event activity and favourable currency exchange for U.S. travellers. "Overall, the strength we're seeing has continued through May and June, and aligns with what we expected heading into peak season where we expect over 67,000 passengers through YYC daily from June to August," reads a statement from the airport. Rob Filby, managing partner of the Rose and Crown in Canmore, has watched the uptick in American travellers first-hand. For some American tourists, the Canadian Rockies remain a strong draw, he said. "It definitely started, I'd say in the wintertime — the American dollar was so strong. And we always get a lot of American. We're a tourist town," Filby said. "Obviously, the Bow Valley is a bucket list place where people want to come and see." Filby, who also bartends and regularly chats with customers, said he's noticing a shift in how long American tourists are staying, too. "Previously, they would be shorter periods, maybe three or four days over their American holiday," he said. "But with their dollar being strong, they're staying longer and spending more." Jack Jiang, a trust and estates attorney who lives in the suburbs of Philadelphia, was visiting the region this past week. On Wednesday, he was on a flight back home with his wife after visiting Banff, which he said always had attracted him with its blue waters and great hikes. "It was amazing. We will never look at lakes the same way again. We loved how there are many types of hikes of different skill levels and rewarding views," Jiang told CBC News via text, using the in-flight WiFi. Jiang said he was aware of the recent strain in U.S.-Canada relations, but it didn't affect the couple much. "We did read the recent strain in the news and were actually glad to get away from the country that initiated the tension and enjoy some off-the-grid weather," Jiang said. "Hopefully no major rift, we wish the two nations remain friendly and not hostile." Though Canada saw an 8.9-per-cent decrease in U.S. residents taking trips to Canada in April, that still represented 76.7 per cent of all non-resident trips to Canada that month. That same month, 408,200 overseas residents arrived in Canada, according to StatsCan data, representing a 0.6-per-cent drop.
