The Weekly Review, September 22 to 26, 2025

September 26, 2025, 2:00 p.m. (EDT)
The Weekly Review

Job vacancies decline in July

In July, job vacancies in Canada decreased by 20,600 (-4.2%) to 469,900. On a year-over-year basis, job vacancies were down by 79,400 (-14.5%). There were 3.3 unemployed persons for every job vacancy in July, up from 3.2 in June. This was the highest unemployment-to-job vacancy ratio since January 2017 (excluding 2020 and 2021 during the COVID-19 pandemic). Year over year, average weekly earnings were up 3.3% to $1,308 in July 2025, following a 3.6% increase in June.

Source: Payroll employment, earnings and hours, and job vacancies, July 2025

 

Real gross domestic product up for the first time in four months

Real gross domestic product grew 0.2% in July, after edging down (-0.1%) in June. The first increase in four months was predominantly driven by expansion in the goods-producing industries. Goods-producing industries rebounded with a 0.6% increase in July, following three consecutive months of contraction, as all sectors in this grouping expanded.

Source: Gross domestic product by industry, July 2025

 

Just over one in four people in Newfoundland and Labrador is aged 65 and older—the first such occurrence in Canada

In Canada, almost one in five people (19.5%) were aged 65 and older on July 1, 2025, ranging from 5.2% in Nunavut to 25.2% in Newfoundland and Labrador. This is the first time that the proportion of people aged 65 and older surpassed one in four people in a Canadian province or territory. On the other hand, the median age increased from 40.3 years on July 1, 2024, to 40.6 years on July 1, 2025, while the average age rose from 41.6 years to 41.8 years. This resumes the general trend of increasing median and average ages from 1967 to 2021.

Source: Canada's population estimates: Age and gender, July 1, 2025

 

Natural resource prices decrease in most subsectors in the second quarter

Real gross domestic product of the natural resources sector decreased 2.4% in the second quarter of 2025, after rising 1.8% in the first quarter. This was the largest decrease since the second quarter of 2020. Natural resource prices declined 4.0% in the second quarter of 2025, after rising 2.2% in the previous quarter. Prices decreased in the energy (-6.1%), forestry (-3.8%) and hunting, fishing and water (-2.0%) subsectors.

Source: Natural resource indicators, second quarter 2025

 

Canada's total fertility rate reaches a new low in 2024

Canada's total fertility rate (TFR) was 1.25 children per woman in 2024, a record low. Among the provinces and territories in Canada, nine had record-low TFRs in 2024: Nova Scotia (1.08), Prince Edward Island (1.10), Ontario (1.21), Quebec (1.34), the Northwest Territories (1.39), Alberta (1.41), Manitoba (1.50), Saskatchewan (1.58) and Nunavut (2.34).

Source: Fertility and baby names, 2024

 

Teleworkable jobs in the Greater Toronto Area

The Greater Toronto Area has a large concentration of jobs that are amenable to work from home. Telework and hybrid work arrangements are more common now than they were prior to the COVID-19 pandemic. Considering this, some underused office buildings have been converted for residential use in several large cities across Canada. Amid the current housing shortage, these conversions could potentially increase the housing supply at a lower cost than that for new builds. A study provides the first concrete assessment of where teleworkable jobs are located and provides a framework for studying this issue in other cities and towns.

Source: Economic and Social Reports, September 2025

 

Access to health care remains a challenge for many Indigenous people

Inadequate health care access is an issue faced by many Indigenous people. In 2024, Inuit adults (54.3%) were less likely to have a regular health care provider than non-Indigenous adults (85.7%). In addition, 40% of Inuit, 18% of First Nations people living off reserve and 16% of Métis reported travelling outside their communities for health care in the previous 12 months.

Source: Indigenous health and the call for reconciliation in Canada

 

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