Yr-end Replace on Social and Financial Impacts


Statistics Canada has lengthy had the privilege of serving Canadians by offering them with high-quality info that helps form their view of our society and financial system. The pandemic has strengthened our dedication to offer new, well timed info that gives insights on how COVID-19 has impacted Canadian households and companies.  

This presentation gives an replace of chosen highlights from COVID-19 in Canada: A One-year Replace on Social and Financial Impacts launched on March 11, 2021 to mark the primary 12 months of the pandemic. This evaluation displays work that the Company has undertaken, and continues to undertake, utilizing current and new information sources to offer essential insights into the social and financial impacts of COVID-19 on Canadians.  The year-in-review compendium updates and extends our evaluation of the pandemic’s early impacts, constructing on The Social and Financial Impacts of COVID-19: A Six-month Replace and reflecting the various analytical releases in COVID-19: A knowledge perspective.

Whereas persevering with to doc the present impacts of the pandemic stays essential, we’re turning our consideration to developments and measures that could be pointing to potential longer-term adjustments within the financial and social lives of Canadians.

-Anil Arora, Chief Statistician of Canada

Abstract of contents

  • Vaccination and unintended well being impacts of COVID-19

    • Extra Canadians get vaccinated as provinces introduce passports, however vaccination charges are uneven throughout the nation.
    • Stress ranges stay excessive because the pandemic continues to problem Canadians’ psychological well being.
    • The pandemic has resulted in additional deaths than can be anticipated, however they don’t seem to be all from COVID-19—poisonings and opioid overdoses are contributing to extra mortality.
  • Demographic Impacts

    • Elevated deaths, decreased immigration and delayed household planning because of the pandemic will change the demographic make up of Canada.
    • These demographic adjustments will impression employment and interprovincial migration.
  • Assessing the financial restoration

    • Financial exercise stays under pre-pandemic ranges and the restoration is uneven throughout industries.
    • Employment rebounded to pre-COVID ranges however excessive job vacancies reveal a mismatch between labour provide and demand.
    • Rising costs put stress on companies and customers as enter prices improve and shopper inflation accelerates on the quickest tempo since 2003, outpacing wage development.

Vaccination and unintended well being impacts of COVID-19

Vaccination efforts proceed throughout the nation as jurisdictions go for vaccine passports

  • Vaccination charges have risen just lately as provinces issued vaccination passport necessities for non-essential providers.
  • As of December 4th, 89.6% of Canadians aged 12 and older had acquired not less than one dose and 86.7% had been absolutely vaccinated.
  • At 85%, Newfoundland and Labrador has the very best proportion of its whole inhabitants absolutely vaccinated. Saskatchewan, Alberta, Northwest Territories and Nunavut had charges at or under 70%.

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Cumulative proportion of people that acquired not less than one dose of a COVID-19 vaccine in Canada, by age group and intercourse, December 4th 2021

Desk abstract

This desk shows the outcomes of Cumulative proportion of people that acquired not less than one dose of a COVID-19 vaccine in Canada. The data is grouped by Age group (showing as row headers), Feminine and Male, calculated utilizing p.c models of measure (showing as column headers).
Age group Feminine Male
p.c
5-11 17.6 17.4
12-17 86.5 86.3
18-29 88.3 82.2
30-39 87.7 84.5
40-49 89.7 87.9
50-59 91.0 89.0
60-69 93.6 92.7
70-79 ≥95.0 ≥95.0
80+ ≥95.0 ≥95.0



Extra mortality amongst these below 65 years of age due partly to unintentional poisonings and overdoses

  • The pandemic has resulted in extra deaths in Canada – that’s, extra deaths occurring than what can be anticipated if there was no pandemic.
  • Total, from March 2020 to Might 2021, there have been an estimated 19,884 extra deaths in Canada, or over 5% extra deaths than what can be anticipated had been there no pandemic.
  • Early on within the pandemic, extra deaths had been largely occurring amongst seniors and had been principally attributable to COVID-19. Afterward, extra deaths rose amongst youthful Canadians.
  • Between March 2020 and Might 2021, roughly 35% of extra deaths occurred amongst these lower than 65 years of age in contrast with roughly 7% of COVID-19 associated deaths. Extra deaths had been partially attributable to unintentional poisonings and overdoses.

Chart 2: Estimated percentages of excess and COVID-19 deaths, by age group and period, Canada, March 28, 2020 to May 15, 2021

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Estimated percentages of extra and COVID-19 deaths, by age group and interval, Canada, March 28, 2020 to Might 15, 2021

Desk abstract

This desk shows the outcomes of Estimated percentages of extra and COVID-19 deaths Extra Deaths and COVID-19 Deaths, calculated utilizing p.c models of measure (showing as column headers).
Extra Deaths COVID-19 Deaths
p.c
0 to 44 years 15.6 0.7
45 to 64 years 20.7 6.4
65 to 84 years 36.5 40.9
85 years and older 27.1 52.0



Will increase in opioid overdoses through the pandemic are occurring principally amongst younger Canadians and people residing in British Columbia, Alberta or Ontario

  • In response to the Public Well being Company of Canada, 6,946 obvious opioid toxicity deaths occurred between April 2020 and March 2021 — representing an 88% improve from the identical time interval previous to the pandemic (April 2019 to March 2020 – 3,691 deaths).
  • Between January and March 2021, 1,772 obvious opioid toxicity deaths occurred — roughly 20 deaths per day — representing a 65% improve in comparison with January to March 2020 (1,073 deaths).

    • 90% of all opioid toxicity deaths occurred in British Columbia, Alberta or Ontario.
    • Nearly all of deaths had been amongst people aged 20 to 49 years.
    • 75% of unintended obvious opioid toxicity deaths occurred amongst males.

Chart 3: Crude rates (per 100,000 population) of total apparent opioid toxicity deaths, Canada<

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Crude charges (per 100,000 inhabitants) of whole obvious opioid toxicity deaths, Canada

Desk abstract

This desk shows the outcomes of Crude charges (per 100. The data is grouped by Yr (showing as row headers), Price per 100,000 (showing as column headers).
Yr Price per 100,000
2016 7.8
2017 10.7
2018 11.8
2019 9.7
2020 16.5
2021 (Jan to Mar) 19.4



Usually, these experiencing opioid overdoses signify numerous teams – many deprived and impacted by the pandemic

  • A nationwide research of people experiencing opioid poisoning-related hospitalizations revealed larger charges amongst these…

    • with decrease ranges of revenue and schooling
    • who had been unemployed or out of the labour drive
    • who self-identify as Indigenous
    • who dwell in lone guardian households
    • who spend greater than 50% of their revenue on housing (Carriere et al, 2018).
  • Research that examined the socio-economic situations dealing with people who skilled an opioid overdose in British Columbia and components of Ontario previous to the pandemic revealed…

    • larger charges of unemployment
    • amongst those that had been employed, many had been in development and providers
    • roughly half acquired social help
    • between 30% and 40% had not less than one police contact within the two years prior.

Socio-economic traits of people experiencing an opioid overdose in Simcoe Muskoka previous to the pandemic

Of the people who skilled an overdose, half acquired social help (52%).

Figure 1

Determine description

Within the 12 months earlier than experiencing an overdose, 38% of people had been employed.

Males: 43% had been employed, of whom one-third labored in development.

Females: 32% had been employed, of whom one-quarter labored in lodging and meals providers.


Sources: Statistics Canada. Carriere G et al. Social and financial traits of these experiencing hospitalizations attributable to opioid poisonings, October 2018; Carriere G et al. Understanding the socioeconomic profile of people that skilled opioid overdoses in British Columbia, 2014 to 2016, February 2021; Statistics Canada. Understanding opioid overdoses in Simcoe Muskoka, Ontario. October 2021

The pandemic additionally continues to trigger excessive ranges of stress amongst some Canadians

  • Within the spring of 2021, one-quarter of Canadians reported experiencing excessive ranges of stress most days.
  • Practically 50% of Canadians thought of that their stress ranges had been considerably or a lot worse than previous to the pandemic. Charges had been larger amongst…

    • ladies
    • these age 35 to 44
    • LGBTQ+ and
    • these residing with youngsters lower than 15 years of age.
  • Many of those teams expertise extra challenges associated to psychological well being normally.

Chart 4: Proportion of Canadians who reported that the amount of stress in life, most days, was somewhat or much worse compared to before the COVID-19 pandemic, by selected characteristics, Canada, April to June 2021

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Proportion of Canadians who reported that the quantity of stress in life, most days, was considerably or a lot worse in comparison with earlier than the COVID-19 pandemic, by chosen traits, Canada, April to June 2021

Desk abstract

This desk shows the outcomes of Proportion of Canadians who reported that the quantity of stress in life. The data is grouped by   (showing as row headers),  Considerably or a lot worse now, calculated utilizing p.c models of measure (showing as column headers).
   Considerably or a lot worse now
p.c
Males 43.5
Ladies 48.6
15 to 24 years 47.2
25 to 34 years 50.5
35 to 44 years 54.9
45 to 54 years 49.9
55 to 64 years 41.7
65 years or older 36.1
LGBTQ2+ (Sure) 51.8
LGBTQ2+ (No) 45.7
In a pair 47.3
Not in a pair 44.3
Dwelling with youngsters below age 15 53.5
Not Dwelling with youngsters below age 15 43.2



Regardless of the impacts of the pandemic, many Canadians are optimistic for the longer term

  • Between March and April 2021, 42% of Canadians aged 15 and older reported that they assume their life will enhance within the subsequent 12 months
  • Charges had been highest amongst…

    • these 15 to 24 years of age (64%)
    • males (45%) in contrast with females (38%)
    • seen minority teams (49%) in contrast with non-visible minority teams (39%)
  • Nearly half (48%) assume their life will stay the identical — highest price amongst these 65 years of age (61%)

Chart 5: Proportion reporting that they think their life opportunities will improve or stay the same in the next year among those 15 years of age and older, Canada, March to April 2021

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Proportion reporting that they assume their life alternatives will enhance or keep the identical within the subsequent 12 months amongst these 15 years of age and older, Canada, March to April 2021

Desk abstract

This desk shows the outcomes of Proportion reporting that they assume their life alternatives will enhance or keep the identical within the subsequent 12 months amongst these 15 years of age and older Higher and Keep the identical, calculated utilizing p.c models of measure (showing as column headers).
Higher Keep the identical
p.c
15 to 24 64.1 31.4
25 to 34 44.8 41.5
35 to 44 44.8 43.5
45 to 54 43.4 48.8
55 to 64 35.8 55.7
65 and older 24.2 60.5
Male 45.1 44.7
Feminine 38.0 50.9
Seen minority 49.3 41.9
Non-visible minority 39.0 49.8



Social cohesion through the pandemic: Chosen crime and requires police service are up within the second quarter of 2021 in contrast with 2020

  • Chosen crime was up 7% within the second quarter of 2021 in contrast with the identical interval a 12 months earlier. Each violent and non-violent crimes contributed to the rise. Crime ranges all through the pandemic stay decrease than pre-pandemic ranges from 2019.
  • Chosen requires service had been 3% larger within the second quarter of 2021 in contrast with 2020, notably responding to overdoses (+25%), normal wellness checks (+17%), and psychological health-related calls equivalent to an individual in emotional disaster or an tried suicide (+8%). For the reason that begin of the pandemic interval, month-to-month counts of requires police service have been larger compared to pre-pandemic ranges reported in 2019.

Chart 6: Selected police-reported crime and calls for service during the COVID-19 pandemic, monthly, 2020 and 2021

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Chosen police-reported crime and requires service through the COVID-19 pandemic, month-to-month, 2020 and 2021

Desk abstract

This desk shows the outcomes of Chosen police-reported crime and requires service through the COVID-19 pandemic Complete chosen felony incidents and Complete chosen requires service, calculated utilizing quantity models of measure (showing as column headers).
Complete chosen felony incidents Complete chosen requires service
quantity
2020
January 72,489 22,664
February 68,322 21,353
March 65,720 23,426
April 54,245 23,051
Might 56,493 25,633
June 63,343 26,320
July 70,452 27,288
August 67,438 26,883
September 64,515 24,568
October 63,447 24,753
November 58,574 23,418
December 54,873 23,892
2021
January 58,243 24,795
February 50,596 21,920
March 55,095 25,414
April 58,237 24,405
Might 64,516 26,706
June 63,885 26,471


April 2020 is the primary full pandemic month. The primary field represents Q2 2020 starting from April 2020 – June 2020. The second field represents Q2 2021 starting from April 2021 – June 2021.


Wanting ahead…

  • Canadians will proceed to should take care of COVID-19 with the introduction of the brand new omicron variant with elevated transmissibility which can result in new restrictions as case counts improve.
  • Continued efforts are required to extend vaccination charges and the uptake of booster photographs.
  • Pressures on healthcare methods and healthcare staff attributable to COVID-19 will seemingly proceed leading to diminished capability and entry to different healthcare providers together with most cancers care. Modelling outcomes are predicting will increase in most cancers charges and mortality for colorectal and breast most cancers.
  • Whereas the direct impacts of COVID-19 stay entrance and centre, methods are additionally required to assist these dealing with oblique impacts together with psychological well being and substance use and abuse.

Affect on Demographic developments

Demographic adjustments due the pandemic could have implications for Canada’s society and financial system

  • Canada, like different developed nations, is experiencing demographic adjustments because of the pandemic.

    • Inhabitants development in 2020 fell to ranges not seen in 75 years.
  • Annual inhabitants development in 2020 was 0.4% (+149,461):

    • Lowest development since 1945 (in quantity) and 1916 (in p.c)
    • Just one-quarter of the expansion that occurred in 2019 (+575,038).
  • Deaths in 2020 surpassed 300,000 (309,893) for the primary time in Canadian historical past, up 7% from 2019:

    • Pure improve (births minus deaths) fell to its lowest degree since not less than 1922.
    • The Public Well being Company of Canada reported 15,651 COVID-19 associated deaths.

Chart 7: Factors of annual population growth, Canada, 2010 to 2021

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Elements of annual inhabitants development, Canada, 2010 to 2021

Desk abstract

This desk shows the outcomes of Elements of annual inhabitants development Inhabitants Development, Pure Improve and Migratory Improve, calculated utilizing individuals models of measure (showing as column headers).
Inhabitants Development Pure Improve Migratory Improve
individuals
2010 375,994 142,235 233,759
2011 334,439 131,456 202,983
2012 374,894 136,430 238,464
2013 368,732 129,951 238,781
2014 354,481 129,229 225,252
2015 265,473 117,154 148,319
2016 406,579 121,492 285,087
2017 435,749 105,643 330,106
2018 519,848 92,990 426,858
2019 536,146 89,977 446,169
2020 435,974 73,416 362,558
2021 208,904 52,401 156,503



Low ranges of immigration through the pandemic could have implications for employment

  • The contribution of worldwide migration to inhabitants development fell to 58% in 2020.

    • It had accounted for 3 quarters of development since 2016.
  • The pandemic’s largest impression on inhabitants development in 2020 mirrored decrease worldwide migration, particularly, web non-permanent residents.

    • In 2020, immigration was at simply over half (184,624) of of Immigration, Refugees and Citizenship Canada’s pre-pandemic goal of 341,000.
    • Canada skilled the biggest web lack of non-permanent residents (NPR) since not less than 1972 (-86,535), due principally to declines in pupil and work allow holders.
    • Canada additionally noticed the bottom degree of web emigration (11,462) since comparable information have been out there.
  • Immigration numbers in 2021 are recovering to pre-pandemic ranges.

Chart 8: Number of new immigrants admitted to Canada and net non-permanent residents (NPRs), Canada, 2019 to 2021

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Variety of new immigrants admitted to Canada and web non-permanent residents (NPRs), Canada, 2019 to 2021

Desk abstract

This desk shows the outcomes of Variety of new immigrants admitted to Canada and web non-permanent residents (NPRs) Immigrants and Web non-permanent residents (showing as column headers).
Immigrants Web non-permanent residents
2019
Q1 65,957 30,488
Q2 94,281 65,112
Q3 103,719 79,995
This autumn 77,235 15,052
2020
Q1 69,133 6,187
Q2 34,070 -24,885
Q3 40,116 -66,762
This autumn 41,267 -3,441
2021
Q1 70,467 14,760
Q2 74,353 12,559



The pandemic has affected Canadians’ intentions to have youngsters which could have longer lasting fertility impacts

  • Practically 20% of Canadians aged 25 to 44 need to have youngsters later on account of the pandemic — 23% amongst those that weren’t married or in a common-law relationship in contrast with 15% of these in a pair.
  • 14% reported wanting fewer youngsters than earlier than — 18% amongst these not in a pair in contrast with 12% of those that had been married.
  • Some Canadians reported the alternative —  7% of Canadians aged 25 to 44 now need to have youngsters sooner, whereas 4% need to have extra youngsters than previous to the pandemic.

Chart 9: Wants to have a baby later than previously planned because of the COVID-19 pandemic

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Desires to have a child later than beforehand deliberate due to the COVID-19 pandemic

Desk abstract

This desk shows the outcomes of Desires to have a child later than beforehand deliberate due to the COVID-19 pandemic P.c (showing as column headers).
P.c
Sure 17.5
No 82.5



Chart 10: Wants to have fewer children than previously planned because of the COVID-19 pandemic

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Desires to have fewer youngsters than beforehand deliberate due to the COVID-19 pandemic

Desk abstract

This desk shows the outcomes of Desires to have fewer youngsters than beforehand deliberate due to the COVID-19 pandemic P.c (showing as column headers).
P.c
Sure 13.6
No 86.4



Robust interprovincial migration towards British Columbia and Atlantic Canada – which could have social and financial implications for these areas

  • Interprovincial migration has additionally begun to return to pre-pandemic ranges.
  • British Columbia noticed the biggest improve in interprovincial migration (+34,277) nationally in 2020/2021. This was additionally the biggest improve since 1993/1994.
  • Conversely, Ontario reported the biggest web loss (-17,085) in interprovincial migration.

Chart 11: Population growth rate, 2019/2020 and 2020/2021, Canada, provinces and territories

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Inhabitants development price, 2019/2020 and 2020/2021, Canada, provinces and territories

Desk abstract

This desk shows the outcomes of Inhabitants development price 2019/2020 and 2020/2021, calculated utilizing Development price (%) models of measure (showing as column headers).
2019/2020 2020/2021
Development price (%)
Canada 1.2 0.55
Newfoundland and Labrador -0.4 -0.16
Prince Edward Island 2.5 1.84
Nova Scotia 1.2 1.03
New Brunswick 0.8 0.77
Quebec 0.9 0.30
Ontario 1.4 0.54
Manitoba 0.8 0.23
Saskatchewan 0.6 0.05
Alberta 1.3 0.52
British Columbia 1.3 1.08
Yukon 1.9 1.91
Northwest Territories 0.7 0.29
Nunavut 1.5 0.63



Wanting ahead…

  • Brief-term, COVID-19 could have implications on labour shortages, provide of products and providers, housing, and downtowns.
  • The numerous drop within the web immigration degree could have implications for inhabitants development, labour, since most new immigrants are concentrated within the working age inhabitants, and regional distribution of the inhabitants since most dwell in massive city areas.
  • Earlier than the pandemic, immigrants and short-term international staff (TFW) stuffed gaps in Canada’s labour drive serving to employers reply to vacancies in numerous sectors together with agriculture, lodging and meals providers {and professional}, scientific and technical providers sectors. With the minimize by half in inflows of latest immigrants and TFWs through the pandemic, these sectors are seemingly aligned with the place labour shortages are extra acute.
  • Fertility was already at document low ranges in 2020—1.4 youngsters per girl—and in some components of the nation such because the Atlantic, pure improve is already at a unfavourable. Because of this for thus many areas of the nation, constructive inhabitants development can solely be generated by immigration.
  • Longer-term, whereas tougher to foretell, we may even see larger inhabitants development within the Atlantic, which could be seen to some extent because the “winners”, and slower inhabitants development within the Prairies, specifically in Alberta with the slowdown associated to grease.

Assessing the financial restoration

Total financial exercise stays under pre-pandemic ranges

  • Actual gross home product rose 1.3% within the third quarter, however remained 1.4% under pre-pandemic ranges.

    • Spurred by sturdy demand and better incomes, family spending fueled output development together with rebounding exports.
    • Non-residential enterprise funding remained subdued, and was virtually 11% under pre-pandemic ranges.
    • Regardless of declines in latest quarters, outlays on housing remained elevated in comparison with pre-COVID ranges.

Chart 12: Percentage change in economic activity, selected expenditure components, Q4 2019 to Q3 2021

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Proportion change in financial exercise, chosen expenditure parts, This autumn 2019 to Q3 2021

Desk abstract

This desk shows the outcomes of Proportion change in financial exercise P.c (showing as column headers).
P.c
Family last consumption expenditure -0.2
Funding in housing 11.0
Non-residential enterprise funding -10.9
Items exports -6.3
Items imports 0.5
Actual gross home product at market costs -1.4



As economy-wide output continues to get better, employment rebounded to pre-COVID ranges within the wake of third wave restrictions

  • Economic system-wide output strengthened as third wave restrictions eased and customers spent extra on out-of-the-home purchases.
  • Employment development through the late spring and summer time months was led by features in lodging and meals providers as exercise ranges in hard-to-distance sectors rallied.
  • Complete employment recovered to pre-pandemic ranges in September, whereas full-time employment amongst each core-age women and men had recovered by October.

Chart 13: Cumulative percentage decline in output and employment since February 2020

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Cumulative proportion decline in output and employment since February 2020

Desk abstract

This desk shows the outcomes of Cumulative proportion decline in output and employment since February 2020 Actual gross home product and Employment, calculated utilizing p.c models of measure (showing as column headers).
Actual gross home product Employment
p.c
2020
March -7.4 -5.2
April -17.5 -15.6
Might -13.8 -14.0
June -8.8 -9.1
July -6.4 -6.9
August -5.5 -5.8
September -4.6 -3.9
October -4.1 -3.4
November -3.4 -3.1
December -3.4 -3.4
2021
January -2.9 -4.5
February -2.8 -3.1
March -1.6 -1.5
April -2.6 -2.6
Might -3.1 -3.0
June -2.4 -1.8
July -2.0 -1.3
August -1.5 -0.8
September -1.4 0.0
October Word ..: not out there for a particular reference interval 0.2
November Word ..: not out there for a particular reference interval 1.0



The restoration stays uneven throughout industrial sectors as provide disruptions impression exercise

  • After the preliminary phases of the pandemic, financial losses grew to become more and more concentrated in lower-wage, excessive contact providers.
  • Skilled providers with excessive levels of telework capability recovered shortly, whereas provide disruptions proceed to weigh on manufacturing unit output.
  • As of September 2021, output ranges in lodging and meals providers remained 12% under pre-pandemic ranges, whereas output in arts, leisure and recreation industries remained about one third under.

Chart 14: Current output relative to pre-COVID levels (February 2020 to September 2021)

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Present output relative to pre-COVID ranges (February 2020 to September 2021)

Desk abstract

This desk shows the outcomes of Present output relative to pre-COVID ranges (February 2020 to September 2021). The data is grouped by Business (showing as row headers), P.c change (showing as column headers).
Business P.c change
Mining and quarrying 19.9
Places of work of actual property brokers 14.2
Residential constructing development 8.1
Pc methods design 6.3
Finance and insurance coverage 6.0
Wooden product manufacturing 4.6
Meals manufacturing 3.1
Retail commerce 2.8
Oil and gasoline extraction -0.6
Rail transportation -1.2
All industries -1.4
Meals providers and ingesting locations -8.6
Petroleum refineries -10.1
Non-residential constructing development -10.6
Lodging providers -20.0
Crop manufacturing -27.1
Arts, leisure and recreation -32.2
Motor autos and components manufacturing -41.4



Employment restoration varies markedly throughout industrial sectors

  • Employment development strengthened within the wake of third wave restrictions within the spring. The entire cumulative features from Might to August had been in service industries, over half of which mirrored larger employment in lodging and meals providers.
  • Over half the web employment improve throughout this three-month interval mirrored larger employment amongst 15 to 24 year-olds, led by features amongst younger ladies. By August, the employment price amongst youth had primarily returned to pre-pandemic ranges.
  • Complete employment returned to pre-pandemic ranges in September and, as of November, was one p.c above ranges reported in February 2020 (+186,000). Substantial variations proceed to persist throughout sectors. As of November, web employment losses in lodging and meals providers for the reason that begin of the pandemic had been 202,000, whereas employment in skilled, scientific and technical providers has risen by 190,000.

Chart 15: Net employment change, by industry (February 2020 to October 2021)

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Web employment change, by trade (February 2020 to October 2021)

Desk abstract

This desk shows the outcomes of Web employment change 1000’s of individuals (showing as column headers).
1000’s of individuals
Skilled, scientific and technical providers 189.5
Complete employed, all industries 185.8
Public administration 109.2
Well being care and social help 90.0
Finance, insurance coverage, actual property, rental and leasing 89.2
Wholesale and retail commerce 78.5
Instructional providers 75.8
Info, tradition and recreation 14.2
Manufacturing 12.7
Forestry, fishing, mining, quarrying, oil and gasoline 11.0
Utilities -2.6
Transportation and warehousing -8.9
Enterprise, constructing and different assist providers -51.0
Agriculture -60.7
Development -67.9
Different providers (besides public administration) -90.9
Lodging and meals providers -202.1



Monetary situations within the family sector proceed to be impacted by COVID

  • Family wealth has risen by $2.8 trillion (+23.1%) through the pandemic, bolstered by features in equities and housing. The family saving price has been in double-digit territory for six consecutive quarters, whereas monetary threat ratios, together with these for low-income and youthful households, stay under pre-pandemic ranges.
  • Decrease-wealth family and younger households have seen disproportionately massive will increase of their revenue and wealth.
  • The winding down of emergency assist applications could put strains on the inclusiveness of the restoration. Employees within the inhabitants teams designated as seen minorities had been hit tougher by the social, financial and well being impacts of the pandemic, had been extra more likely to obtain Canada Emergency Response Profit (CERB) funds, and are extra financially susceptible as revenue helps wind down.

Chart 16: Percentage change in household net worth, Q2 2020 to Q2 2021

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Proportion change in family web value, Q2 2020 to Q2 2021

Desk abstract

This desk shows the outcomes of Proportion change in family web value Mortgage debt, Non-mortgage debt, Monetary property, Actual property and Client items, calculated utilizing p.c models of measure (showing as column headers).
Mortgage debt Non-mortgage debt Monetary property Actual property Client items
p.c
Highest wealth quintile -0.7 -0.2 10.4 9.0 0.3
Fourth wealth quintile -2.3 -0.8 8.9 13.8 0.6
Third wealth quintile -5.4 0.6 8.1 18.7 1.2
Lowest and second wealth quintiles 7.1 2.2 14.9 13.0 4.5



The variety of staff experiencing long-term unemployment stays above pre-COVID ranges

  • As of November 2021, long-term unemployment was about three quarters above ranges reported previous to the pandemic.

    • 318,000 Canadians have been trying to find work or on short-term layoff for 27 weeks or extra.
  • In November, staff experiencing long-term unemployment accounted for 25.6% of all unemployed individuals, up from 15.6% previous to the pandemic.
  • Over half of the web improve in long-term unemployment displays larger unemployment amongst core-aged staff, led by will increase amongst core-age males.

Chart 17: Long-term unemployment

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Lengthy-term unemployment

Desk abstract

This desk shows the outcomes of Lengthy-term unemployment. The data is grouped by Months since starting of downturn (showing as row headers), 1981/1982 recession, 1990/1992 recession, 2008/2009 recession and COVID-19 recession, calculated utilizing Index of unemployed individuals who’ve been trying to find work or on short-term layoff for 27 weeks or extra models of measure (showing as column headers).
Months since starting of downturn 1981/1982 recession 1990/1992 recession 2008/2009 recession COVID-19 recession
Index of unemployed individuals who’ve been trying to find work or on short-term layoff for 27 weeks or extra
1 100.0 100.0 100.0 100.0
2 103.3 102.7 109.6 84.0
3 109.9 100.2 107.8 73.4
4 123.2 105.6 119.9 84.2
5 121.4 107.9 123.6 99.6
6 117.2 115.8 135.5 123.6
7 128.8 118.7 138.8 129.0
8 129.8 124.7 154.0 173.9
9 128.5 143.5 170.8 252.8
10 137.7 143.9 186.3 253.3
11 152.2 145.0 185.8 280.4
12 159.8 152.7 194.1 285.4
13 182.4 169.2 206.6 257.9
14 219.4 170.5 219.0 259.5
15 236.8 185.2 205.2 271.3
16 260.9 191.9 213.9 266.8
17 277.9 199.1 220.7 266.0
18 292.5 196.3 230.7 235.9
19 311.8 193.8 222.4 220.0
20 322.3 195.6 220.4 217.0
21 330.1 200.6 205.5 211.9
22 346.7 200.4 212.9 177.5
23 341.6 211.0 218.2 Word ..: not out there for a particular reference interval
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25 346.8 224.9 208.2 Word ..: not out there for a particular reference interval
26 321.2 223.4 209.2 Word ..: not out there for a particular reference interval
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29 293.5 245.3 216.0 Word ..: not out there for a particular reference interval
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34 281.4 256.0 208.4 Word ..: not out there for a particular reference interval
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38 292.7 266.2 200.5 Word ..: not out there for a particular reference interval
39 280.2 265.1 212.9 Word ..: not out there for a particular reference interval
40 284.5 271.3 201.6 Word ..: not out there for a particular reference interval
41 287.7 261.5 197.9 Word ..: not out there for a particular reference interval
42 288.8 259.9 177.7 Word ..: not out there for a particular reference interval
43 285.2 264.4 176.4 Word ..: not out there for a particular reference interval
44 273.0 265.1 185.2 Word ..: not out there for a particular reference interval
45 283.0 258.4 162.1 Word ..: not out there for a particular reference interval
46 294.2 255.7 179.7 Word ..: not out there for a particular reference interval
47 283.8 257.9 187.6 Word ..: not out there for a particular reference interval
48 275.5 236.3 179.2 Word ..: not out there for a particular reference interval
49 274.7 252.9 187.0 Word ..: not out there for a particular reference interval
50 258.1 249.2 186.9 Word ..: not out there for a particular reference interval



Present enterprise situations: Important pressures associated to rising enter prices and mismatches between labour provide and demand cloud the enterprise outlook

  • Rising enter prices associated to labour, power, capital or uncooked supplies had been recognized as an impediment in late 2021 by over 40% of companies.
  • One third of companies count on labour shortages to be an impediment, up from 30% and 24% within the earlier two quarters.
  • One quarter of companies count on issue sourcing inputs domestically, with one other one fifth anticipating difficulties internationally. In each instances, over one half of these companies count on these challenges to persist for six months or extra.

Chart 18: Anticipated business obstacles over the next three months

Knowledge desk

















Anticipated enterprise obstacles over the subsequent three months

Desk abstract

This desk shows the outcomes of Anticipated enterprise obstacles over the subsequent three months Q2 2021, Q3 2021 and This autumn 2021, calculated utilizing p.c of companies models of measure (showing as column headers).
Q2 2021 Q3 2021 This autumn 2021
p.c of companies
Rising price of inputs 37.8 38.5 42.5
Recruiting expert workers 27.8 34.6 35.4
Scarcity of labour drive 23.8 30.3 32.7
Value of insurance coverage 26.3 25.3 31.9
Transportation prices 22.8 22.8 30.9
Retaining expert workers 22.1 24.5 26.1
Fluctuations in shopper demand 26.7 22.6 21.2



Job vacancies stay elevated, highlighting potential mismatches between labour provide and demand

  • Whereas excessive job vacancies could be an indicator of rising employment, they will also be a sign of excessive turnover, labour shortages or mismatches between the traits of vacant positions and people of accessible staff.
  • Job vacancies had been at document ranges within the second quarter and continued to rise into early fall. The job emptiness price was 6.0% in September.
  • Vacancies had been highest in lodging and meals providers, the place employers had been actively recruiting for 196,100 positions. By comparability, there have been 76,600 vacancies on this sector through the third quarter of 2019.

Chart 19: Labour demand continues to increase in accommodation and food services

Knowledge desk


























Labour demand continues to extend in lodging and meals providers

Desk abstract

This desk shows the outcomes of Labour demand continues to extend in lodging and meals providers Job vacancies and Payroll workers, calculated utilizing variety of job vacancies and payroll workers models of measure (showing as column headers).
Job vacancies Payroll workers
variety of job vacancies and payroll workers
Quarterly collection 2021
Q1 2021 56,590 1,300,610
Q2 2021 77,540 1,313,735
Q3 2021 76,605 1,398,200
This autumn 2021 61,725 1,364,650
2020
October 52,275 1,050,320
November 43,370 1,032,685
December 43,495 957,110
2021
January 33,015 924,815
February 40,275 844,875
March 71,570 856,235
April 64,510 900,345
Might 78,365 921,880
June 123,700 891,265
July 132,800 1,008,410
August 156,755 1,120,270
September 196,050 1,165,225



Client inflation accelerates on the quickest tempo since 2003 as gasoline, shelter prices and shopper durables put upward stress on the headline price

  • Whereas base results have impacted headline inflation in latest months, shopper costs, measured month-over-month, have steadily elevated for the reason that starting of 2021.
  • Increased costs for gasoline, shelter and shopper durables have all contributed to those latest will increase as disruptions proceed to impression provide chains in lots of sectors of the financial system.
  • Meals costs have additionally risen in latest months, and had been up 4.4%, year-over-year, in November.

Chart 20: Consumer price index

Knowledge desk

























































Client worth index

Desk abstract

This desk shows the outcomes of Client worth index All-items and All-items excluding gasoline, calculated utilizing index degree models of measure (showing as column headers).
All-items All-items excluding gasoline
index degree
2018
January 131.7 130.1
February 132.5 130.9
March 132.9 131.2
April 133.3 131.2
Might 133.4 131.2
June 133.6 131.5
July 134.3 132.2
August 134.2 132.2
September 133.7 131.7
October 134.1 132.3
November 133.5 132.2
December 133.4 132.5
2019
January 133.6 132.8
February 134.5 133.6
March 135.4 134.1
April 136.0 134.2
Might 136.6 134.8
June 136.3 134.9
July 137.0 135.4
August 136.8 135.4
September 136.2 134.8
October 136.6 135.3
November 136.4 135.2
December 136.4 135.2
2020
January 136.8 135.5
February 137.4 136.3
March 136.6 136.3
April 135.7 136.0
Might 136.1 135.8
June 137.2 136.5
July 137.2 136.4
August 137.0 136.2
September 136.9 136.1
October 137.5 136.7
November 137.7 137.0
December 137.4 136.6
2021
January 138.2 137.2
February 138.9 137.6
March 139.6 138.0
April 140.3 138.6
Might 141.0 139.2
June 141.4 139.5
July 142.3 140.2
August 142.6 140.6
September 142.9 140.9
October 143.9 141.6
November 144.2 141.9


January 2020

Headline shopper inflation: 2.4%

Value development, excluding gasoline: 2.0%

Might 2020

Headline shopper inflation: -0.4%

Value development, excluding gasoline: 0.7%

November 2021

Headline shopper inflation: 4.7%

Value development, excluding gasoline: 3.6%

The primary circle (April 2020 – August 2020) highlights the reversing pattern the place the patron worth index begins to rise once more, and the second circle (August 2021 – November 2021) highlights the newest shopper worth index information.


Client Inflation outpacing wage development as provide disruptions contribute to rising costs

  • The tempo of wage development within the financial system, measured year-over-year, is working nicely behind the present price of shopper inflation.
  • Common hourly wages (adjusted for adjustments in workforce composition because of the pandemic) had been up 2.8% within the twelve months to November, whereas headline inflation accelerated to 4.7%

Chart 21: Average hourly wages (fixed weight, adjusted for composition) and consumer prices

Knowledge desk

























































Common hourly wages (fastened weight, adjusted for composition) and shopper costs

Desk abstract

This desk shows the outcomes of Common hourly wages (fastened weight AVG HW (fastened weight) and CPI, calculated utilizing index models of measure (showing as column headers).
AVG HW (fastened weight) CPI
index
2018
January 100.0 100.0
February 100.3 100.6
March 100.5 100.9
April 100.8 101.2
Might 101.1 101.3
June 101.1 101.4
July 101.3 102.0
August 101.2 101.9
September 101.5 101.5
October 101.5 101.8
November 101.5 101.4
December 101.8 101.3
2019
January 102.2 101.4
February 103.0 102.1
March 103.2 102.8
April 103.7 103.3
Might 103.9 103.7
June 104.4 103.5
July 104.7 104.0
August 104.3 103.9
September 105.3 103.4
October 105.3 103.7
November 105.5 103.6
December 105.3 103.6
2020
January 106.1 103.9
February 106.6 104.3
March 107.1 103.7
April 109.2 103.0
Might 109.0 103.3
June 108.2 104.2
July 108.0 104.2
August 107.8 104.0
September 108.0 103.9
October 108.3 104.4
November 108.0 104.6
December 108.4 104.3
2021
January 109.2 104.9
February 109.3 105.5
March 109.2 106.0
April 109.8 106.5
Might 109.9 107.1
June 109.6 107.4
July 109.6 108.0
August 109.7 108.3
September 110.2 108.5
October 110.7 109.3
November 111.0 109.5


Common hourly wages (Mounted weight), two-year change,

November 2019 to November 2021: 2.8%

Client costs, two-year change,

November 2019 to November 2021: 4.7%

Grey bins loosely establish the tightening and loosening of public well being measures in response to waves of COVID-19. Field one from March 2020 – Might 2020. Field 2 from mid November 2020 – mid February 2021. Field 3 from mid March 2021 – mid June 2021.


Sustained will increase in new house costs replicate sturdy demand and rising enter prices, placing pressures on affordability

  • Nationally, new house costs rose 11.5% 12 months over 12 months in October.

    • Costs had been up in all 27 markets surveyed, with the biggest annual will increase in Kitchener–Cambridge–Waterloo (+29.2%), Ottawa (+24.8%) and Windsor (+21.9%).
  • Robust demand, rising enter prices, and restricted housing provide has put upward stress on house costs throughout the nation.
  • Many first-time homebuyers could face important monetary challenges, particularly as borrowing and debt-servicing prices start to rise, whereas different potential householders shall be priced out of the housing market.

Chart 22: New home prices, percentage change, month-over-month

Knowledge desk



























































































New house costs, proportion change, month-over-month

Desk abstract

This desk shows the outcomes of New house costs Proportion change (showing as column headers).
Proportion change
2015
January 0.0
February 0.1
March 0.1
April 0.0
Might 0.2
June 0.2
July 0.1
August 0.3
September 0.1
October 0.2
November 0.1
December 0.1
2016
January 0.1
February 0.2
March 0.2
April 0.2
Might 0.8
June 0.1
July 0.4
August 0.1
September 0.2
October 0.4
November 0.2
December 0.1
2017
January 0.1
February 0.4
March 0.2
April 0.8
Might 0.7
June 0.2
July 0.4
August 0.1
September 0.2
October 0.1
November 0.1
December 0.0
2018
January 0.0
February -0.2
March 0.0
April 0.0
Might 0.0
June 0.1
July 0.1
August 0.0
September 0.0
October 0.0
November 0.0
December 0.0
2019
January -0.1
February 0.0
March 0.0
April 0.0
Might -0.1
June -0.1
July -0.1
August 0.1
September 0.2
October 0.1
November -0.1
December 0.2
2020
January 0.0
February 0.4
March 0.3
April 0.0
Might 0.1
June 0.1
July 0.4
August 0.5
September 1.2
October 0.8
November 0.6
December 0.3
2021
January 0.7
February 1.9
March 1.1
April 1.9
Might 1.4
June 0.6
July 0.4
August 0.7
September 0.4
October 0.9



Labour market resilience: Job safety will seemingly be larger amongst higher-paid and extra educated staff, who usually maintain triple-protected jobs

  • Of workers aged 25 to 64 who had been within the high 10% of the wage distribution in 2019, 88% held triple-protected jobs (not short-term, low threat of automation, and resilient to pandemics).
  • The corresponding proportion for his or her counterparts within the backside 10% of the wage distribution was 14%.

Chart 23: Percentage of employees aged 25 to 64 in specific job types, by wage decile, 2019

Knowledge desk




















Proportion of workers aged 25 to 64 in particular job varieties, by wage decile, 2019

Desk abstract

This desk shows the outcomes of Proportion of workers aged 25 to 64 in particular job varieties. The data is grouped by Wage decile (showing as row headers), Job isn’t short-term, Job has a low threat of automation, Job is resilient to pandemics and Job is triple-protected, calculated utilizing p.c models of measure (showing as column headers).
Wage decile Job isn’t short-term Job has a low threat of automation Job is resilient to pandemics Job is triple-protected
p.c
1st 80.3 15.7 73.0 10.2
2nd 83.3 21.6 79.3 14.3
3rd 87.1 29.6 85.3 22.0
4th 87.1 35.1 84.0 27.6
5th 89.4 40.3 88.6 33.4
6th 91.0 49.9 92.2 42.9
7th 91.4 58.2 92.7 50.8
8th 93.7 70.4 94.5 63.5
9th 94.4 79.2 95.5 72.8
10th 96.7 90.9 97.6 86.9



The interconnectedness of the setting, the financial system and society is extra obvious than ever, and would require coverage makers to contemplate all three lenses to make sure efficient decision-making

  • Financial sectors like oil and gasoline extraction are main emitters, however so are last consumption actions from households, equivalent to driving gasoline-powered autos.
  • There are financial alternatives in responding to local weather change: The environmental and clear expertise sector contributed 3.3% of GDP in 2020. The composition of that sector’s workforce in 2019 was nonetheless predominantly male (64%), and Indigenous participation was targeted within the 15 to 24 12 months age group.
  • Expenditures on environmental safety elevated by 15% between 2016 and 2018. Enterprise innovation methods are more and more targeted on environmental outcomes.

Chart 24: Top 5 greenhouse gas emitting sectors in 2018, Canada

Knowledge desk














High 5 greenhouse gasoline emitting sectors in 2018, Canada

Desk abstract

This desk shows the outcomes of High 5 greenhouse gasoline emitting sectors in 2018 Kilotonnes of CO2e (showing as column headers).
Kilotonnes of CO2e
Oil and gasoline extraction 166,114
Households: Motor fuels

and lubricants
85,383
Crop and animal manufacturing

(besides hashish)
78,620
Electrical energy technology,

transmission and distribution
70,652
Households: Electrical energy

and different fuels
66,371



Wanting ahead…

The preliminary phases of the pandemic coincided with sharp will increase in enterprise productiveness as companies invested in digital infrastructure whereas financial sources had been transferred from decrease productiveness to larger productiveness sectors. Productiveness has trended down in latest quarters as lower-wage providers rebound.

  • Are the productiveness impacts of the pandemic, particularly these associated to investments in digital expertise, more likely to be short-lived or long-lasting? How would a widespread shift to working from house, after most pandemic-related restrictions have eased, have an effect on the competitiveness of Canadian companies?

Enterprise innovation is turning into extra targeted on environmental outcomes—almost half of companies reported that they skilled environmental advantages from innovating, with over one third indicating that the innovation had environmental advantages for the patron or finish consumer.

  • To what extent will investments in clear power, clear expertise and environmental merchandise supplant conventional investments in oil and gasoline? What are the implications of the clear power transition for financial development?

Housing costs have continued to rise steadily in latest months, whereas shopper inflation is at its highest degree in over 18 years.

  • How are rising pressures associated to affordability affecting the monetary well-being of Canadian households? How will monetary situations within the family sector evolve within the close to time period as revenue assist applications wind down?

A key characteristic of the pandemic has been its unevenness—evidenced by the disproportionate social, financial and well being impacts on extra susceptible teams, together with low wage staff, latest immigrants, younger folks and racialized communities.

  • How will the pandemic have an effect on job high quality going ahead—particularly in decrease paid sectors that had been severely impacted by the pandemic? What does this indicate for the unevenness of the restoration over the longer-term?

Statistics Canada – Areas of focus shifting ahead

Figure 2

  • Disaggregated Knowledge Motion Plan: The Company will additional enhance the standard and availability of disaggregated information in assist of the Authorities’s dedication to evidence-based decision-making that takes into consideration the impacts of insurance policies on all Canadians to deal with systemic socio-economic inequities.
  • Census of the Atmosphere: Present an in depth image of Canada’s pure property that may allow knowledgeable decision-making concerning the impression of assorted interventions that intention to guard, rehabilitate, improve or maintain the nation’s pure setting.
  • High quality of Life Framework: Working with Division of Finance to develop new indicators to watch the high quality of lifetime of Canadians.
  • Develop new partnerships and instruments, in addition to data-collection and evaluation strategies to watch and report on developments within the well-being of Canadians, notably because the nation strikes from pandemic response to restoration.

For extra info and analysis from Statistics Canada on COVID-19 and different essential coverage points, try the next…

COVID-19: A knowledge perspective

Canadian Financial Dashboard and COVID-19

COVID-19 in Canada: A One-year Replace on Social and Financial Impacts

Interactive information visualizations associated to COVID-19

Chosen analytical and analysis publications:

Well being Reviews

Financial and Social Reviews

Insights on Canadian Society



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