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Where Canada's job market stands one year after the pandemic began – CBC.ca

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The latest Labour Force Survey was more positive than expected, but Canada is still a long way from returning to its pre-pandemic economy.

February marked 12 months of “unprecedented changes in the Canadian labour market” due to the COVID-19 pandemic, Statistics Canada said in its monthly jobs report on Friday.

Here’s a look at the latest news about the COVID economy.

Give me the bad news first

Compared with 12 months earlier, there were 599,000 fewer people employed and 406,000 more people working less than half their usual hours. That puts employment 3.1 per cent below pre-pandemic levels.

The employment rate — the percentage of people 15 and up who are employed — was 59.4 per cent in February compared with 61.8 per cent in February 2020.

It plummeted to 51.5 per cent in April, the lowest it’s been since comparable numbers have been kept and still hasn’t climbed all the way back. 

Statistics Canada said February’s improving numbers were largely influenced by the easing of pandemic restrictions in certain areas. (Laura Howells/CBC)

Who’s suffering most?

Few have gotten off easy, but Statistics Canada said the sectors that suffered during a dip in December and January were those most affected by pandemic restrictions: retail, accommodation and food services.

These sectors disproportionately affect women, especially younger women.

There were 111,000 fewer women working in retail than 12 months earlier, while employment among men in that sector has changed little.

Statistics Canada noted that women are more concentrated in public-facing jobs such as sales reps and sales support workers, which are more affected by public health measures.

While women aged 24 to 54 did relatively well in February, with employment increasing 1.3 percentage points to December levels, year-over-year losses among young women, especially teenagers, were nearly double those seen among young men.

The employment rate among Indigenous women was down 6.8 percentage points year-over-year and was unchanged for Indigenous men.

OK, I’m ready for the good news

Good, because there’s lots of it:

  • Canada added 259,000 jobs in February, recovering most of the jobs it lost in the previous two months during tighter pandemic restrictions.
  • The unemployment rate dropped from 9.4 per cent to 8.2 per cent, the lowest rate since March 2020, when the pandemic was declared.
  • The increase in employment is the biggest since September and handily exceeded analysts’ expectations of 75,000 added jobs and an unemployment rate of 9.2 per cent.
  • Both part-time and full-time work increased and long-term unemployment (27 weeks or more) fell by 9.7 per cent from a record high of 512,000 in January.
  • Among people who worked at least half their usual hours, the number working at locations other than home increased by 600,000 as schools and other workplaces reopened in several provinces, the agency said.

Statistics Canada separately reported strong production capacity and factory sales data and said Canadians continued to add to their personal savings and net worth at far higher rates than before the pandemic.

The Canadian dollar, meanwhile, strengthened to 1.25 to the greenback, or 80 US cents, after the data.


Prime Minister Justin Trudeau trumpeted the jobs numbers during a COVID-19 update in Ottawa on Friday, but said: “Let’s not forget there’s still too many people for whom things continue to be really tough.”

He said the government is here to get people through the crisis and pointed to the Canada emergency wage subsidy and the Canada emergency rent subsidy.

How do the experts feel about the numbers?

They’re bullish, mostly.

“A lot of this is the January numbers reversing, but there were also some full-time jobs being added, which shows improvement in the economy,” said Andrew Kelvin, chief Canada strategist at TD Securities.

“It’s a very positive set of numbers and suggests a quicker recovery for the broader economy.”

Analysts said the blockbuster job gain shows that excess capacity is closing far faster than the Bank of Canada’s expectations.

Derek Holt, vice-president of capital market economics at Scotiabank, said: “I would be surprised if they don’t signal fairly soon that they are starting to back further away from their bond purchase program.”

Bank of Canada deputy governor Lawrence Schembri said on Thursday that if Canadians start spending the massive nest egg they have amassed during the coronavirus pandemic, it could “meaningfully affect” economic growth.

So what’s the catch?

Statistics Canada said February’s numbers were strongly influenced by the easing of pandemic restrictions in provinces such as Quebec, Alberta, New Brunswick and Nova Scotia, as well as parts of Ontario.

As such, the gains were concentrated in Ontario and Quebec and in jobs that pay $17.50 an hour or less and in industries that had just had big losses in January.

Though he’s employed, Stacy Davidson is a good example of the struggles people are having in pandemic-vulnerable industries.

The bartender from North Vancouver told CBC News Network he is working three jobs, yet makes less than half of what he made before the pandemic. The number of patrons allowed inside his bar has been reduced and closing time has been moved to 10 p.m.

“People don’t really have enough time to get substantially intoxicated enough to the level where they actually want to tip generously,” Davidson said.

He said he’s been forced to pull back, pushing his dream of owning his own bar down the road three years, and even cutting internet service at his house.

WATCH | North Vancouver bartender works three jobs to make ends meet:

The coronavirus pandemic has decimated the hospitality industry and that’s forced B.C.’s Stacy Davidson to pick up more bartending work as his wages tanked. 7:40

Where do we go from here?

Toronto-based Gareth Watson, an investment adviser at Richardson Wealth, said it’s encouraging that jobs are still being created during one of the country’s worst economic downturns. At the same time, it’s important to note that employers are still very hesitant to bring back workers at full wages and full hours.

“You can get a job but only be working half the hours that you had before, but you still get counted as a new job,” he said. “So we have to think about that as well. I just think it’s the confidence of employers out there that needs to return.”

Watson said if the vaccination rollout doesn’t hit any major roadblocks, the economy could be running at 85 per cent of normal by the fall.

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My Boy Prince to race against older horses in $1-million Woodbine Mile

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TORONTO – He’s firmly among Canada’s top three-year-olds but My Boy Prince faces a stiff test Saturday at Woodbine Racetrack.

The ’24 King’s Plate runner-up will be part of a global field in the $1-million Woodbine Mile turf event. Not only will it be My Boy Prince’s first race against older competition but among the seven other starters will be such horses as Naval Power (Great Britain), Big Rock (France) and Filo Di Arianna (Brazil).

My Boy Prince will race for the first time since finishing second to filly Caitlinhergrtness in the Plate on Aug. 23.

“It’s his first try against older horses and it’s hard to say where he fits in,” said trainer Mark Casse. “This time of year running a three-year-old against older horses, it’s like running a teenager against college athletes.

“We’re doing it because we believe a mile on the turf is his preferred surface … we wanted to give him a shot at this. (American owner Gary Barber) is someone who likes to think outside the box and take calculated risks so we’re going to see where he fits in.”

Casse, 16 times Canada’s top trainer, is a Hall of Famer both here and in the U.S. He’s also a two-time Woodbine Mile winner with filly Tepin (2016) and World Approval (2017).

Sahin Civaci will again ride My Boy Prince, Canada’s top two-year-old male who has six wins and 10 money finishes (6-3-1) in 11 career starts. The horse will be one of three Casse trainees in the race with Filo Di Arianna (ridden by Sovereign Award winner Kazushi Kimura) and Win for the Money (veteran Woodbine jockey Patrick Husbands aboard).

Naval Power, a four-year-old, has finished in the money in eight of nine starts (six wins, twice second) and will race in Canada for the first time. He comes to Woodbine with second-place finishes in two Grade 1 turf races.

Big Rock, another four-year-old, makes his North American debut Saturday. The horse has five wins and five second-place finishes in 14 starts but has struggled in ’24, finishing sixth, 10th and fifth in three races.

Filo Di Arianna is a four-time graded stakes winner with nine victories, three seconds and a third from 17 starts. It was Canada’s ’22 top male sprinter and champion male turf horse.

Other starters include Playmea Tune, Niagara Skyline and Secret Reserve.

Playmea Tune, a four-year-old, is trained by Josie Carrol. The gelding has made three starts, winning twice and finishing second in the Grade 3 Bold Venture on Aug. 23.

Woodbine-based Niagara Skyline is a six-year-old with 13 money finishes (six wins, five seconds, twice third) in 24-lifetime starts. The John Charlambous trainee has reached the podium (1-1-1) in all three races this year.

Secret Reserve, also a six-year-old, has finished in the money in 15-of-26 starts (six wins, one second, eight thirds). The horse, at 44-1, was third in the Grade 2 King Edward Stakes over a mile on the E.P. Taylor turf course.

The Mile highlights a stellar card featuring six graded stakes races. Also on tap are the $750,000 E.P. Taylor Stakes (fillies and mares), $500,000 bet365 Summer Stakes (two-year-olds) and $500,000 Johnnie Walker Natalma Stakes (two-year-old fillies), all Grade 1 turf events.

The Mile, Natalma and Summer winners earn automatic entries into the Breeders’ Cup at Del Mar in November.

Casse has won all four races, earning his first E.P. Taylor title last year with filly Fev Rover, Canada’s horse of the year and champion female turf horse. Fev Rover will defend her title Saturday against a field that includes Moira, the ’22 King’s Plate winner and Canada’s horse of the year trained by Woodbine’s Kevin Attard.

“It (E.P. Taylor) was definitely on my bucket list because it had eluded us,” Casse said. “But I honestly hadn’t realized I’d won all four of them, hadn’t really thought about it.”

Casse will have horses in all four turf races Saturday. Arguably the most intriguing matchup will be between Moira and Fev Rover, who ran 1-2, respectively, in a photo finish Aug. 11 in the Grade 2 Beverly D. Stakes, a 1 3/16-mile turf race, at Virginia’s Colonial Downs.

“What’s funny is the two of them went all the way to Virginia and she beat us by a nose,” Casse said. “We could’ve done that at Woodbine.

“There’s two of the best fillies in the world both from Toronto and they’re going to be competing Saturday.”

Some question having so many solid races on a single card but Casse likes the strategy.

“I think it’s a good thing,” he said. “On Saturday, the main focus on horse racing in the world will be on Woodbine and that’s because it’s such a great card.

“It’s an international day, there’s horses coming from everywhere and we’re going to do our best to represent Canada.”

This report by The Canadian Press was first published Sept. 13, 2024.



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Former world No. 1 Sharapova wins fan vote for International Tennis Hall of Fame

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NEWPORT, R.I. (AP) — Maria Sharapova, a five-time Grand Slam singles champion, led the International Tennis Hall of Fame’s fan vote her first year on the ballot — an important part to possible selection to the hall’s next class.

The organization released the voting results Friday. American doubles team Bob and Mike Bryan finished second with Canada’s Daniel Nestor third.

The Hall of Fame said tens of thousands of fans from 120 countries cast ballots. Fan voting is one of two steps in the hall’s selection process. The second is an official group of journalists, historians, and Hall of Famers from the sport who vote on the ballot for the hall’s class of 2025.

“I am incredibly grateful to the fans all around the world who supported me during the International Tennis Hall of Fame’s fan votes,” Sharapova said in a statement. “It is a tremendous honor to be considered for the Hall of Fame, and having the fans’ support makes it all the more special.”

Sharapova became the first Russian woman to reach No. 1 in the world. She won Wimbledon in 2004, the U.S. Open in 2006 and the Australian Open in 2008. She also won the French Open twice, in 2012 and 2014.

Sharapova was also part of Russia’s championship Fed Cup team in 2008 and won a silver medal at the London Olympics in 2012.

To make the hall, candidates must receive 75% or higher on combined results of the official voting group and additional percentage from the fan vote. Sharapova will have an additional three percentage points from winning the fan vote.

The Bryans, who won 16 Grand Slam doubles titles, will have two additional percentage points and Nestor, who won eight Grand Slam doubles titles, will get one extra percentage point.

The hall’s next class will be announced late next month.

___

AP tennis:

The Canadian Press. All rights reserved.



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Roots sees room for expansion in activewear, reports $5.2M Q2 loss and sales drop

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TORONTO – Roots Corp. may have built its brand on all things comfy and cosy, but its CEO says activewear is now “really becoming a core part” of the brand.

The category, which at Roots spans leggings, tracksuits, sports bras and bike shorts, has seen such sustained double-digit growth that Meghan Roach plans to make it a key part of the business’ future.

“It’s an area … you will see us continue to expand upon,” she told analysts on a Friday call.

The Toronto-based retailer’s push into activewear has taken shape over many years and included several turns as the official designer and supplier of Team Canada’s Olympic uniform.

But consumers have had plenty of choice when it comes to workout gear and other apparel suited to their sporting needs. On top of the slew of athletic brands like Nike and Adidas, shoppers have also gravitated toward Lululemon Athletica Inc., Alo and Vuori, ramping up competition in the activewear category.

Roach feels Roots’ toehold in the category stems from the fit, feel and following its merchandise has cultivated.

“Our product really resonates with (shoppers) because you can wear it through multiple different use cases and occasions,” she said.

“We’ve been seeing customers come back again and again for some of these core products in our activewear collection.”

Her remarks came the same day as Roots revealed it lost $5.2 million in its latest quarter compared with a loss of $5.3 million in the same quarter last year.

The company said the second-quarter loss amounted to 13 cents per diluted share for the quarter ended Aug. 3, the same as a year earlier.

In presenting the results, Roach reminded analysts that the first half of the year is usually “seasonally small,” representing just 30 per cent of the company’s annual sales.

Sales for the second quarter totalled $47.7 million, down from $49.4 million in the same quarter last year.

The move lower came as direct-to-consumer sales amounted to $36.4 million, down from $37.1 million a year earlier, as comparable sales edged down 0.2 per cent.

The numbers reflect the fact that Roots continued to grapple with inventory challenges in the company’s Cooper fleece line that first cropped up in its previous quarter.

Roots recently began to use artificial intelligence to assist with daily inventory replenishments and said more tools helping with allocation will go live in the next quarter.

Beyond that time period, the company intends to keep exploring AI and renovate more of its stores.

It will also re-evaluate its design ranks.

Roots announced Friday that chief product officer Karuna Scheinfeld has stepped down.

Rather than fill the role, the company plans to hire senior level design talent with international experience in the outdoor and activewear sectors who will take on tasks previously done by the chief product officer.

This report by The Canadian Press was first published Sept. 13, 2024.

Companies in this story: (TSX:ROOT)

The Canadian Press. All rights reserved.



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