The Weekly Review, September 4 to 7, 2018
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Statistics Canada's look at the week
Release date: September 7, 2018
Building permits edge down in July
In July, Canadian municipalities issued $8.2 billion worth of building permits, down 0.1% from June. The decrease was mainly attributable to lower construction intentions in British Columbia.
Source: Building permits, July 2018
University students see a rise in tuition fees for this year
Tuition for undergraduate programs for Canadian full-time students was, on average, $6,838 in 2018/2019, up 3.3% from the previous academic year. The average cost for graduate programs was $7,086, a 2.4% increase over 2017/2018. While these tuition fees are reported in current dollars, they remain relatively stable when inflation is taken into account.
Canada's trade deficit at its lowest level in almost two years
Canada's merchandise trade deficit with the world narrowed from $743 million in June to $114 million in July, the smallest deficit since the most recent surplus in December 2016. Total exports rose 0.8%, mainly on higher crude oil prices. Total imports declined 0.4%, due to fewer aircraft imports.
Declines in part-time work drive up the unemployment rate
Following two months of increases, employment fell by 52,000 in August. Part-time employment declined by 92,000 while full-time employment edged up. At the same time, the unemployment rate increased 0.2 percentage points to 6.0%.
Source: Labour Force Survey, August 2018
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