Description: Canada’s economy is back! Back to pre-pandemic levels that is, with Canada adding over 300,000 jobs in February, knocking the unemployment rate down to 5.5%, below what it was in March 2020, and close to Canada’s all-time low. Desjardins economist Royce Mendes noted that “businesses in accommodation and food services and information, culture and recreation were scrambling to rehire workers.”

Date:  March 11, 2022

Source:  cbc.ca

 Link: https://www.cbc.ca/news/business/canada-jobs-february-1.6381234

Discussion points:

1) What is your view of the employment situation in your university town? Have businesses like bars, restaurants, and gyms been hiring workers?

2) What does the summer job situation look like for you and your classmates?

3) Page 10-47 of Wiley’s Financial Accounting: Tools for Business Decision-Making has a brief discussion of financing the Government of Canada. Which aspects of the Government of Canada’s financial statements would be most impacted by the rise in employment numbers?