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The Daily Wednesday, February 28, 2024

Press Release

Payroll employment, earnings and hours, and job vacancies, December 2023

The number of employees receiving pay and benefits from their employer—measured as “payroll employment” in the Survey of Employment, Payrolls and Hours—increased by 31,600 (+0.2%) in December. On a year-over-year basis, payroll employment was up by 223,500 (+1.3%) in December 2023.

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Canada’s balance of international payments, fourth quarter 2023

Canada’s current account balance (on a seasonally adjusted basis) recorded a $1.6 billion deficit in the fourth quarter, narrowing $3.1 billion from the previous quarter. The lower deficit mainly reflected a stronger goods surplus.

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Disparities in wealth and debt among Canadian households

Canada’s increased reliance on consumer spending as a key driver of economic growth has contributed to larger debt burdens—the highest household debt to disposable income ratios in the G7. Investments in housing, an important contributor to the buildup of household assets and debt, have long been critical for wealth creation, especially among young households and middle-class families. Following the rise in interest rates, the sharp increase in debt-servicing costs has left many families in a more precarious financial situation, compounded by continued increases in the costs of many household staples which persist as inflationary pressures ease. In this context, disaggregated data on the income, savings and wealth of different households can illustrate how these financial pressures are evolving.

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Economic and Social Reports, February 2024

Four new articles are available in today’s release of Economic and Social Reports.

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Monthly civil aviation statistics, December 2023

Major Canadian airlines carried 6.8 million passengers on scheduled and charter services in December, up 10.7% from the same month in 2022 and 5.8% below the December 2019 level, before the COVID-19 pandemic.

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Weekly aircraft movements, February 10 to 16, 2024

Weekly data on aircraft itinerant movements are now available for February 10 to 16, 2024.

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2021 Census of Population: Analytical product on participation in French immersion

A new study published today, titled “Participation in French immersion, bilingualism and the use of French in adulthood, 2021,” is now available as part of the Census in Brief series.

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Annual Mineral Production Survey, 2022

Mineral production estimates from the Annual Mineral Production Survey are now available for the 2022 reference year. These data are published together with the 2023 preliminary estimates of mineral production in Canada.

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