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Economy

Tips for Job opportunities in Canada

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Jobs in Canada are in plenty, and the situation is improving, particularly after the recession is over. Canada is considered a leading economy in the world and a developed country – a member of G8. Post-industrial revolution, Canada has come up with lots of strength in growth and development. Nearly 75% of Canadian GDP comes from the service sector. Offering extremely attractive growth prospects to people and also employment option in Canada is considered as good as good of the US and Western Europe.

Growth prospects in Canada for Employees

As has been admitted earlier, Canada jobs are knowledge-based jobs. Canada is trying to build a knowledge-based industry which is not only growing at a fast pace but challenging the other players also. The growth and development in the Canadian economy are more or less similar to the USA, and both countries have a similar growth rate. Migrant workers from around the world flock in large numbers to earn their livelihood in Canada.

There are numerous instances which show that there are hundreds of success stories, i.e. people came to work and settled in Canada. Leading sectors offering jobs in Canada such as Franchising, News media, Hospitality industry (e.g. restaurants, hotels, casinos), Consulting, Legal practice, Healthcare/hospitals, Waste disposal, Real estate, Personal services, Business services, etc. attract youngsters not only from Canada but from around the world also.

Neighboring countries: the US is popular, but no less popular in Canada when it comes to getting employment in Canada. Employment options in Canada and various Jobs in Toronto or Jobs in Victoria are in plenty. However, Montreal and Ottawa offer vacancies that are quite popular for obvious reasons. Notwithstanding, jobs in Canada are popular for the reason that there is full respect for human labor and wages are quite higher in comparison to other countries.

Jobs in various sectors in Canada

Though Canada has lots of tractable lands, agriculture is the least favorite occupation. However, Canadian land is fertile and produces a lot in less input which makes agriculture a profitable occupation in Canada. It was the industrial revolution which helped Canada come out of the agricultural economy to the modern economy. Various sectors of Canada economy such as retail sector, financial services, real estate, education, health, high-tech, entertainment and tourism, etc. are some of the largest employers in Canada.

Canada has massive raw materials and mines which are exported to gain Foreign Exchange. From agriculture to service, Canada economy has come strength to strength. The booming economy of Canada is calling companies across the globe to operate from here and genera employment opportunities. Globalization has helped the Canadian economy at great length, and new opportunities for jobs and growth have come up in recently.

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Economy

How will the U.S. election impact the Canadian economy? – BNN Bloomberg

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How will the U.S. election impact the Canadian economy?  BNN Bloomberg

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Economy

Trump and Musk promise economic 'hardship' — and voters are noticing – MSNBC

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Trump and Musk promise economic ‘hardship’ — and voters are noticing  MSNBC

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Economy

Economy stalled in August, Q3 growth looks to fall short of Bank of Canada estimates

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OTTAWA – The Canadian economy was flat in August as high interest rates continued to weigh on consumers and businesses, while a preliminary estimate suggests it grew at an annualized rate of one per cent in the third quarter.

Statistics Canada’s gross domestic product report Thursday says growth in services-producing industries in August were offset by declines in goods-producing industries.

The manufacturing sector was the largest drag on the economy, followed by utilities, wholesale and trade and transportation and warehousing.

The report noted shutdowns at Canada’s two largest railways contributed to a decline in transportation and warehousing.

A preliminary estimate for September suggests real gross domestic product grew by 0.3 per cent.

Statistics Canada’s estimate for the third quarter is weaker than the Bank of Canada’s projection of 1.5 per cent annualized growth.

The latest economic figures suggest ongoing weakness in the Canadian economy, giving the central bank room to continue cutting interest rates.

But the size of that cut is still uncertain, with lots more data to come on inflation and the economy before the Bank of Canada’s next rate decision on Dec. 11.

“We don’t think this will ring any alarm bells for the (Bank of Canada) but it puts more emphasis on their fears around a weakening economy,” TD economist Marc Ercolao wrote.

The central bank has acknowledged repeatedly the economy is weak and that growth needs to pick back up.

Last week, the Bank of Canada delivered a half-percentage point interest rate cut in response to inflation returning to its two per cent target.

Governor Tiff Macklem wouldn’t say whether the central bank will follow up with another jumbo cut in December and instead said the central bank will take interest rate decisions one a time based on incoming economic data.

The central bank is expecting economic growth to rebound next year as rate cuts filter through the economy.

This report by The Canadian Press was first published Oct. 31, 2024

The Canadian Press. All rights reserved.

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