News from The Daily
The textile and clothing industries
Employment in the Canadian textile industry continued to grow until 2003 when it reached 54,800, up from 53,500 in 2002. However, the work force plunged to 50,400 in 2004, which was nearer 1999 levels. The situation was worse in the clothing industry.
Tourism employment continued to grow in the fourth quarter of 2004, up 0.3%, following a 0.2% increase in the third quarter. Notable gains were registered in the accommodation and air transportation industries.
Employer pension plans (trusteed pension funds)
Trusteed pension fund managers struggled to increase the value of the retirement savings of 4.5 million Canadian workers during the third quarter of 2004.
Total income of farm families
Average total income of farm families advanced in 2002, but at a slower pace than in the two previous years. The average Canadian farm family had a total income of $74,914 in 2002, up 3.1% from the previous year. Total income consists of off-farm income plus net farm operating income.
Labour Force Survey
Employment continued to show little change in March as an increase of 34,000 part-time jobs was offset by a similar decline in the number of people working full time. With fewer people looking for work, the unemployment rate edged down 0.1 percentage points to 6.9%.
Employment services industry
The employment services industry's total operating revenue grew by 3.7% in 2003 to $5.8 billion, marking the fourth consecutive year of revenue growth. This industry's operating profit margin was 3.7% in 2003, down from 5.5% in 2002.
Canada's economic growth in review
Canada's economic growth in 2004 was increasingly driven by its resource base, especially energy exports and investment. Overall, rising export demand accounted for the entire gain in Canada's GDP growth last year.
You need to use the free Adobe Reader to view PDF documents. To view (open) these files, simply click on the link. To download (save) them, right-click on the link. Note that if you are using Internet Explorer or AOL, PDF documents sometimes do not open properly. See Troubleshooting PDFs. PDF documents may not be accessible by some devices. For more information, visit the Adobe website or contact us for assistance.