Employment growth, Statistics Canada Labour Force Survey for June 2019Click image to enlarge

Employment increases and sustained wage growth marked the first half of 2019 as the Canadian economy posted the best first half since 2010.

The results were “stellar,” in the words of a Globe and Mail report. Nearly a quarter of a million jobs – 247,500 – were added over the six-month time period, with private sector and full-time employment leading the way. It was the strongest job increase since 2002. A record 106,500 jobs were added in April.

Average hourly wages increased 3.8 per cent in June compared to the same month in 2018 – the seventh consecutive month of what Douglas Porter, chief economist at BMO Capital Markets, called “hearty wage gains.” The uptick contrasts sharply with anemic wage gains in the rest of the industrialized world.

The forward momentum did stall in June, when the economy shed 2,200 jobs and the national unemployment rate climbed from 5.4 per cent – a 40-year low – to 5.5 per cent, due to an increase in people entering the workforce as reported by Statistics Canada. Economists had expected 10,000 new jobs to be added in June.

But the June results didn’t dampen analyst enthusiasm at the positive first half.

“After a string of stellar economic releases in recent weeks, June jobs couldn’t extend the streak,” Porter said, as quoted by BNN Bloomberg. “However, it doesn’t take much digging below the surface to find signs of underlying strength... For the Bank of Canada, the strength in wages and hours, and a still-low jobless rate will give them no reason to seriously consider matching Fed rate cuts anytime soon.”

Economic optimism on the rise: KPMG

The CEOs of some of Canada’s biggest publicly traded companies are far more confident in economic growth prospects than they were six months ago, according to KPMG's recent Global CEO Outlook pulse survey.

Haas donates $80,000 for skills training in Canada

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Aluminum industry shifting back to value-added as demand returns

Exports of standard commodity aluminium from Canada into the United States have decreased on a monthly basis, according to the Aluminium Association of Canada.

Modig, Seco sign development partnership

Modig Machine Tool, Virserum, Sweden, has signed a multi-year agreement with Seco Tools, Fagersta, Sweden, for development of next generation machine tools. 

Ford, Magna investing big in advanced R&D

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Honda helps develop face mask supply chain

Honda worked with two manufacturers seeking to quickly expand their ability to produce face shields.

Lincoln Electric recognized for ISO energy initiatives

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GM caps off a huge year for Canadian auto investment

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Call for Canadian manufacturing SMEs interested in A.I. and Industry 4.0

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Heidenhain new hire to grow NA business

Gisbert Ledvon has joined Heidenhain Corp. as the TNC business development manager in North America. 

Digital manufacturing big focus at EuroBLECH

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Mazak expands hybrid multi-tasking technology with acquisition

Mazak Corp. has acquired MegaStir, a supplier of friction stir welding (FSW) tools and technology, expanding Mazks Hybrid multi-tasking machine technology offerings.

Rail blockades pinch industrial supply chain, says CME

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2.9% unexpected jump in manufacturing sales

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Bombardier Aerospace on a roll

Recent aircraft deals valued at close to $1.5 billion

Bombardier Aerospace has had a recent slate of good news that is helping to spur growth in Canada’s aerospace parts manufacturing sector.

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