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Strategies & Market Trends : Items affecting stock market picks

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From: russet	9/2/2025 3:41:55 PM
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Globe says BMO's Porter sees young people struggling 2025-09-02 06:37 ET - In the News The Globe and Mail reports in its Saturday edition that this summer is one to forget for many young Canadians. The Globe's Matt Lundy and Aajah Sauter write that over the past three years, total job vacancies across the country have plunged by roughly half. This summer, there were fewer postings for lifeguards and camp counsellors -- the first real paycheque for many high schoolers -- but also for entry-level office roles that are sought after by fresh university graduates. Young Canadians are sometimes applying to dozens, even hundreds, of jobs without luck. The numbers paint a grim picture. As of July, the youth unemployment rate (for those 15 to 24) was 14.6 per cent, the highest since 2010, excluding the first years of the pandemic. And the employment rate has tumbled to less than 54 per cent. Excluding the worst periods of COVID-19, that is the lowest level since the late 1990s. As of April 1, temporary residents totalled nearly three million. "The past few years have seen extreme growth in the 15-24 category, largely due to the large influx of international students," Bank of Montreal chief economist Doug Porter said in a note to clients. Other economists point instead to generally weak economic conditions.

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