Youth life satisfaction in Southern Europe is bucking the global trend, correlated with their labour market improvement from disastrous levels in the early 2010's.

Tickets prices for tonight's Jays game have 5x'd since I bought them 3 weeks ago, making this the most profitable trade I may ever make.

The number of Canadian businesses active in sectors dependent on sales to the US was down 2%, between Jan '24 and April '25, but more than half the drop occurred before the word "tariff" was ever mentioned.

Does being quoted in the same article as Acemoglu count as being a "co-author"?? Don't answer that.

Interesting StatCan data cost of living comparisons across provinces. For me, the standout is how one dollar in Ontario is worth the same as in Alberta. Shelter is much cheaper in AB, but ON has cheaper durable goods prices compared to basically all other provinces - why?!

"Tech job postings on Indeed plunged after a post-pandemic boom and have been quite weak since mid-2023. As of early July 2025, they were down 36% from their early-2020 levels." Brendon Bernard

What the LFS giveth, the LFS taketh away. Employment dropping 41K in July after an 83K increase in June. Youth led the decline, with info & culture, and construction sectors seeing job drops. URate stays at 6.9%, with participation down instead.

The LFS's monthly PT/FT split is always volatile, but we've seen a bit of an upward shift, PT jobs rising from 18.0% to 18.4% of total employment since the end of 2024. Still, the share remains below the 19% 2019 level, likely reflecting how industry employment has evolved.

The headline unemployment rate held steady at 6.9%, but it rose 0.4 ppt among youth, to 14.6%. The ratio of unemployment rates under/over 25 years old is above 2.5, which is near an all-time high.

Over the 3-months since April (which was the most "trade-war" LFS report), employment in US-exposed industries have actually held steady (at least at their headline levels). Instead, information/recreation, and construction have been noticeably weak.

Canadian wage growth came in at 3.3% y/y in July, partly reflecting changing jobs mix. Fixed-weight growth has held somewhat stronger, partly boosted by a catchup in public sector wage growth.

Updating a graph through May: the rise in Canadian unemployment among people age 25+ has been quite consistent with the historical correlation to the drop in job vacancies. But among youth, unemployment is noticeably higher than we'd predict at the prevailing 2.7% vacancy rate.