The Daily Wednesday, March 6, 2024
Press Release
Control and sale of alcoholic beverages and cannabis, April 1, 2022, to March 31, 2023
Federal and provincial governments’ earnings from the control and sale of alcohol and recreational cannabis in the fiscal year ending March 31, 2023, rose 2.5% from one year earlier to $15.5 billion. Virtually all of the increase was due to higher cannabis sales and the associated government revenues.
Labour productivity, hourly compensation and unit labour cost, fourth quarter 2023
Labour productivity of Canadian businesses rose 0.4% in the fourth quarter, after falling 0.5% in the third quarter. This was the first gain since the first quarter of 2022 (+1.0%).
Immigrant-owned businesses on average received a higher dollar value of government support programs than Canadian-born owned businesses during the COVID-19 pandemic
The COVID-19 pandemic totally disrupted our lives and, by extension, the world of business. A new study, “Use of Government COVID-19 Liquidity Support Programs by Immigrant-owned Businesses and Those Owned by Canadian-born Individuals,” found that immigrant-owned businesses were more likely to be affected by the pandemic and the associated lockdowns. This is because these businesses tended to be smaller and concentrated in industries where in-person contact was required, such as a restaurant or a small shop. Further, they used more government support on average than businesses owned by Canadian-born individuals after controlling for their characteristics.
Annual Survey of Environmental Goods and Services, 2022
Canadian businesses sold $25.3 billion worth of environmental and clean technology goods in 2022, up $4.3 billion from 2021. Sales of related services accounted for $13.1 billion in 2022, compared with $12.5 billion in 2021.
Income and Financial data of T1 tax filers, 2022
Canadian tax filers earned on average $38,290 (+6.4%) in wages, salaries and commissions in 2022. When including other private incomes and government transfers, the average total income was $56,560 (+2.8%) in 2022. Charitable donations (average $400, -4.8%) and RRSP contributions (average $1,870, -6.5%) reported by T1 tax filers fell in 2022.
Monthly average retail prices for selected products, January 2024
Data on monthly average retail prices for selected products are now available for January.
Weekly aircraft movements, February 17 to 23, 2024
Weekly data on aircraft itinerant movements are now available for February 17 to 23, 2024.
IBF4
