this post was submitted on 16 Jun 2023
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Canadian Investing

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Investing from a Canadian perspective. In addition to basic civility, no posts that blatantly pump some stock, especially one with a low market cap.

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[–] BuoyantCitrus 4 points 2 years ago

Interesting, looks like we are successfully getting more skilled immigrants. Apparently new Canadians are more likely to be employed than people born here (a recent development, see chart 1) and increasingly in better positions. Which makes sense, it's expensive to live here and hard to immigrate, no point bothering with all that just to work in a hotel:

However, other industries, such as food & accommodation and other personal services, have seen little-to-no increase in the numbers of new immigrants in the workforce, which may have contributed to higher-than-average vacancy rates in these areas.

...which also means that the service sector is going to have to pay more, seems like they can't just hope someone will show up willing to work for what they're offering.