Either Peterborough had a truly incredible March, or something’s wrong with the way Canada tracks unemployment.
Maybe you heard: Canada’s books took a turn for the ugly over the past few months.
Or, as Finance Minister Bill Morneau put it when he unveiled his government’s fall economic update Friday morning, the economy “tilted to the downside.”
Trevor Holness is stuck.
He and his wife Linda don’t make enough to pay to put two-year-old Linden in daycare five days a week; just two days sets them back a cool $550. But staying home with Linden means Holness can’t take on enough film industry gigs to make more.
The percentage of working-age Canadians who aren’t working – who aren’t even looking for a job – is at a historic high years after the economy supposedly bounced back from the recession. The labour participation rate for Canadian men in their working prime – ages 25 through 54 – is the lowest it’s been since Statistics Canada started collecting that data.