BREAKING: 33,200 full-time jobs lost in June, despite reopening.
— pierrepoilievre (@PierrePoilievre) July 9, 2021
Worse, the economy falls more than 340,000 jobs short of meeting Liberal promise to restore pre-pandemic employment levels by June 2021. https://t.co/hyRsPOGqoS
Also:
A new report by BMO Capital Markets shows Canadian households’ net worth rose an astonishing $2 trillion during the pandemic.
“That represents a titanic 17 per cent increase to $13.7 trillion, equal to 933 per cent of disposable income — up 50 ppts from 2019 levels, and double the ratio thirty years ago,” wrote Douglas Porter, BMO’s chief economist, who crunched the numbers. “U.S. household wealth has also seen a big boost in the face of the past year’s tough economic backdrop, but both the increase and the wealth-to-income ratio are even more overwhelming in Canada.”
According to BMO, the average Canadian household now has more than $1 million in total assets, even after accounting for debt.
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