Re-building our Military Will be Expensive, but Create Opportunities
There are many challenges on the way to rebuilding Canada’s military. The first is fiscal, finding the required dollars will require hard choices. As well, potentially doubling or more the size of our military will create labour pressures in other industries. We will also need an industrial policy, to build up our domestic manufacturing capacity for a wide array of military products. And we don’t have the luxury of time to achieve these goals.
Indigenous Ownership
Indigenous ownership of major projects is increasing in Canada, but many Indigenous communities still lack access to affordable capital and capacity needed to acquire meaningful ownership in these projects. This can negatively impact Indigenous economic development.
Leveraging the Skills of Newcomers
In this episode of the Future Skills Podcast, we dive into the critical topic of leveraging the skills of newcomers to Canada and its impact on economic and social success. Joined by Tricia Williams from the Future Skills Centre, Sharon McLennon from the Newfoundland and Labrador Workforce Innovation Centre, and Shamira Madhany from World Education Services, the discussion explores how Future Skills Centre-funded initiatives have shed light on newcomer retention and workforce integration.
Featured Insights
Minimal Employment Gains and Higher Unemployment in May
Canadian Economics June 6, 2025
In May, employment in Canada was virtually unchanged, rising by just 8,800 jobs. The labour force participation rate held steady at 65.3 per cent, while the unemployment rate increased to 7.0 per cent. On a year-over-year basis, average hourly wages grew by 3.4 per cent.
Quick take • 3-min read
Maxime Arseneau
Trade Balance Slumps to an All-time Low
Canadian Economics June 5, 2025
Trade tensions with the United States significantly impacted both exports and imports in April. Canadian exports fell 10.8 per cent, while imports were down 3.5 per cent. As a result, Canada’s merchandise trade deficit widened to $7.1 billion in April—the largest deficit on record.
Quick take • 3-min read
David Ristovski
Rates Unchanged as Bank Treads Carefully
Canadian Economics June 4, 2025
Stronger than expected growth gives the Bank of Canada some breathing room. The first quarter of 2025 outperformed expectations, with GDP rising 0.5 per cent on the previous quarter. GDP per-capita also increased for the second quarter in a row.
Quick take • 3-min read
Walter Bolduc
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