The Business and Community Newsletter – September 2024
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Release date: September 19, 2024
Features
Consumer Price Index, August 2024
The Consumer Price Index (CPI) rose 2.0% on a year-over-year basis in August, down from a 2.5% increase in July. On a seasonally adjusted monthly basis, the CPI rose 0.1% in August
Indigenous Peoples Survey: First Nations children living off reserve, Métis children and Inuit children and their families, 2022
A new report, "First Nations children living off reserve, Métis children, and Inuit children and their families: Selected findings from the 2022 Indigenous Peoples Survey," provides key insights into the well-being of Indigenous children using new data from the 2022 Indigenous Peoples Survey (IPS), a national voluntary post-censal survey which, in this sixth cycle, focused on children and families. The report showcases the breadth of the survey, providing an overview of select findings on the well-being and health of First Nations children living off reserve, Métis children and Inuit children aged 1 to 14 years.
Canadian Survey on Business Conditions, third quarter 2024
Cost-related challenges remain among the top obstacles anticipated by businesses in the third quarter of 2024, though the proportion of businesses expecting cost-related obstacles has continued to ease since the second quarter of 2024. Meanwhile, the outlook of businesses has gradually improved since the fourth quarter of 2023.
Canadian business counts June 2024
In June, there were 1.36 million employer businesses in Canada and 3.38 million non-employer businesses with annual revenues greater than $30,000.
Quarterly financial statistics for enterprises, second quarter 2024
Canadian corporations reported an increase of $2.4 billion (+1.5%) in net income before taxes (NIBT) in the second quarter of 2024, reaching $163.2 billion. This gain was driven by the non-financial sector (+3.0%) and partly offset by the financial sector (-1.8%).
Labour Force Survey August 2024
Highlights
Employment was little changed in August (+22,000; +0.1%) while the employment rate decreased 0.1 percentage points to 60.8%. The unemployment rate rose 0.2 percentage points to 6.6%.
Employment grew by 20,000 (+0.3%) among core-aged women (25 to 54 years old) in August and held steady across other major demographic groups.
Employment rose in educational services (+27,000; +1.7%), health care and social assistance (+25,000; +0.9%), and finance, insurance, real estate, rental and leasing (+11,000; +0.8%). It declined in "other services" (-19,000; -2.3%), professional, scientific, and technical services (-16,000; -0.8%), utilities (-6,800; -4.5%) and natural resources (-6,500; -1.8%).
StatsCan app
Prefer accessing data at your fingertips? Download the StatsCAN mobile app from Google Play or the App Store to tap into expert analysis, visuals and the latest statistical news right from the source!
Quality of life indicators from the Canadian Social Survey, second quarter 2024
Tables for 10 indicators in Canada's Quality of Life Framework have been updated to include Canadian Social Survey data collected from April to June 2024 (second quarter of 2024). These indicators include life satisfaction, sense of meaning and purpose, future outlook, loneliness, someone to count on, sense of belonging to local community, satisfaction with time use, satisfaction with local environment, discrimination and unfair treatment, and trust in media.
Main highlights on income of families and individuals: Subprovincial data from the T1 Family File
In 2022, the median family after-tax income of Canadians was $60,800, up by 2.5% from 2021, before adjusting for inflation. Adjusted for an annual rate of inflation of 6.8%, the 2022 median family after-tax income was 4.0% lower than in 2021.
All provinces and territories reported a year-over-year decrease in their median inflation-adjusted family after-tax income in 2022. The largest decreases were seen in Nunavut (-8.4%), the Northwest Territories (-7.2%) and Nova Scotia (-5.6%).
Real-time local business conditions, September 2 to 8, 2024
Weekly data on real-time local business conditions are now available for September 2 to 8, 2024.
Did you know…
Canadian Housing Statistics Program
The Canadian Housing Statistics Program released new data on residential property owners for the 2022 reference year.
These data provide detailed information on the characteristics of homeowners—such as age, sex, family type, immigrant status and income—in Newfoundland and Labrador, Nova Scotia, New Brunswick, Ontario, Manitoba, British Columbia, the Northwest Territories and Nunavut.
The data released today also include statistics on residential property buyers who purchased a property in 2021 in some provinces, including their demographic characteristics and first-time home buyer status.
StatsCAN Plus
Visit StatsCAN Plus for the most recent data stories:
Podcasts
Eh Sayers Episode 20 - Why Economists Are Sounding the Alarm on Productivity
Canada's workforce is among the most educated in the world. But when it comes to worker productivity, we've seen a real slump over the past few years. The quarterly data published by StatCan in June 2024 confirms Canadian workers are continuing to underperform compared to our neighbours to the south. This comes as no surprise to this episode's guest, Guy Gellatly, Chief Economic Advisor at StatCan. The latest quarterly numbers are a continuation of an ongoing decline in Canada's productivity that economists have been tracking for years.
But what factors influence worker productivity? And why does it matter if Canadians are less productive? As a matter of fact, what even is productivity? In this episode, we asked Guy to help us understand how we got to this point and why it matters for Canadians.
Workshop series
Workshop – Introduction to Basic Statistics
Description:
A quick refresher course for those who have had statistical training in the past or a fast-paced introduction to basic statistics for beginners. Statistical measures such as percentages, averages, frequency, and standard error are used widely. But how are they calculated, and exactly what do they tell us? This 8-hour workshop held over 2 days will help participants develop an appreciation of the potential of statistics and a critical eye of when and how they should or shouldn't be used.
Registration information: English and French workshop dates are available from October to December. For more information and to register for a session, please go to this link: Workshop – Introduction to Basic Statistics P0001048
Cost:
$325 per learner
Early registration (at least 3 weeks before): $300 per learner
Workshop – Turning Statistics into Stories
Description:
Stories resonate with audiences while numbers alone may overwhelm. Join us for an introductory workshop that will help you to communicate the messages emerging from your data in a more effective manner. During this workshop, you will focus on your target audience, use statistics to present your story and put numbers into a context to help your audience understand your messages. Along the way you will learn some useful tips on how to use tables and graphs to illustrate your story.
Emphasis is placed on the following considerations:
- What is a Data Story?
- Constructing a Data Story – Audience and Context
- Elements of a Data Story
- Packaging the Data Story – Putting the Elements Together
- Bringing it all Together
Registration information: English and French workshop dates are available from September to November. For more information and to register for a session, please go to this link: Workshop – Turning Statistics into Stories P0001044
Cost:
$325 per learner
Early registration (at least 3 weeks before): $300 per learner
Statistics Canada strives to accommodate and make our services accessible to all people. If you have any accessibility requirements, please let us know when you register for a session.
These sessions are offered by the Data Service Centre. Some of the services we offer include:
- assisting data users with simple and complex data requests;
- offering standard and customized workshops for data users of different levels of expertise;
- engaging in outreach activities through webinars, newsletters and presentations.
If you have any questions about these sessions or the Data Service Centre, please feel free to contact us.
Infographics
Business conditions in Canada, third quarter of 2024
From July 2nd to August 6th, 2024, Statistics Canada conducted the Canadian Survey on Business Conditions. The purpose of this survey is to collect information on businesses in Canada related to emerging issues. This infographic presents key results from this.
The role of short-term rentals in the Canadian housing market
This infographic is a visual representation of short-term rental (STR) activity across Canada, focusing particularly on the subset of STRs that could potentially be used for long-term housing. This subset of STRs is referred to as potential long-term dwellings (PLTDs), it comprises entire units listed for more than 180 days a year, excluding vacation-type properties.
Contact us
Do you have questions or feedback? Contact us! Statistics Canada is committed to serving its clients in a prompt, reliable, courteous, and fair manner.
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