Need a job? You’ll probably find one in Canada.
Due to rising commodity prices, there has been a boom in employment across the country in just about every sector. Employment was at its strongest in the western provinces, such as BC and Alberta, because of an incredible growth in the mining, oil and gas industries. However, other industries also grew, such as health care and social assistance. Toronto experienced employment growth as well, though at a slower rate than some other major cities across the country.
And when people find a job and make money, they spend it. That’s one of the reasons why the real estate market is doing so well these days.
Unfortunately, while jobs were aplenty in several industries, factory workers weren’t in such demand. As the Canadian dollar appreciated, more factories took their operations offshore from 2001-2006, cutting 136,700 jobs over this period.
