The Weekly Review, June 23 to 27, 2025

June 27, 2025, 2:00 p.m. (EDT)
The Weekly Review

Prices for travel tours and air transportation fall in May 2025

The Consumer Price Index (CPI) rose 1.7% on a year-over-year basis in May 2025, matching the 1.7% increase in April. Compared with one year earlier, a smaller price increase for rent and a decline in travel tours put downward pressure on the CPI in May. Year over year, prices for travel tours fell 0.2% in May after rising 6.7% the previous month. Prices for air transportation decreased 10.1% on an annual basis in May, following a 5.8% decline in April.

Source: Consumer Price Index, May 2025

 

The manufacturing sector contracts on broad-based declines in April 2025

Real gross domestic product edged down 0.1% in April 2025, following a 0.2% increase in March. The manufacturing sector was down 1.9% in April, the largest drop since April 2021, reflecting broad-based declines across both durable and non-durable goods manufacturing aggregates in April 2025. Durable goods manufacturing (-2.2%) was down for the first time in four months as 8 of 10 subsectors contracted, while non-durable goods manufacturing (-1.6%) contracted for the fifth time in six months.

Source: Gross domestic product by industry, April 2025

 

Percentage of paid workers covered by a registered pension plan increases in 2023

The number of Canadians who were active members of a registered pension plan (RPP) grew by 293,500 (+4.2%) from 2022 to over 7.2 million in 2023. This compared with a growth of 690,844 (+3.8%) in employment over the same period. The pension coverage rate, that is, the proportion of all paid workers covered by an RPP, was 37.7% in 2023, up from 37.5% in 2022.

Source: Pension plans in Canada, as of January 1, 2024

 

Volunteers spent fewer hours working in the hospital sector in 2023

Close to three in four people (73%) volunteered in 2023, compared with just under four in five people (79%) in 2018. On average, people who volunteered dedicated 173 hours to volunteering in 2023, or 33 fewer hours than in 2018. Moreover, compared with 2018, the total number of volunteer hours decreased significantly in sectors related to hospitals (-47%), sports and recreation associations (-34%), education and research (-30%) and religious organizations (-23%).

Source: Volunteering and charitable giving in Canada, 2018 to 2023

 

Intellectual property may delay business closures

While most business closures can be the direct result of small and medium-sized enterprises' failure to compete in a private market, when firms' exits involve intellectual property, this may play a double role. From 2002 to 2012, firms that patent were more likely to be larger, to perform research and development, to export their products and be active seven years after entry relative to businesses that do not patent. Furthermore, having a patent is likely to delay exit by increasing the probability for a business to be active seven years after entry by 4.5%.

Source: Economic and Social Reports, June 2025

 

Cocaine accounts for the largest share of illegal drug trafficking violations

In 2023, cocaine saw the most police-reported incidents of illegal trafficking, at 8,203 incidents during the year, or 20.46 incidents per 100,000 population, up 11.7% from one year earlier. Methamphetamines ranked second, at 2,487 trafficking incidents for a rate of 6.20 per 100,000 population, up 1.7% from one year earlier. Opioid (other than heroin) trafficking ranked third, with 1,786 incidents for a rate of 4.45 per 100,000 population, up 9.8% from one year earlier.

Source: Illegal drugs and trafficking in Canada

 

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