Excerpted from the Canada Career Guide
Canada’s economy is strongly linked to that of the US, which is the recipient of 75 percent of Canadian exports. This makes Canadian markets vulnerable to the economic woes of its southern neighbor. Yet, while the recent global recession did not spare Canada, its conservative fiscal practices shielded its economy from the worst, and Canada’s banks emerged to be among the strongest in the world. Over the past eight years, its labor market has outperformed those of the other G7 countries, including France, Germany, the UK and the US.
Nevertheless, Canada’s employment rate is still below pre-recession levels. The current unemployment rate is 7 percent, which translates into an employment increase of around .5 percent from the previous year. Unemployment for workers under the age of 25 is higher than for the general population, at 13.4 percent.
Areas of Job Promise
A list by Canadian Business of Canada’s 100 best jobs, chosen using data from Statistics Canada and Human Resources and Skills Development Canada, and based on employment growth, level and growth of compensation, and projected future growth, includes the following occupations in the top ten:
- Public Administration Director
- Oil and Gas Drilling Supervisor
- Primary Production Manager
- Health Care Manager
- Human Resources Manager
- Head Nurse and Medical Supervisor
- Social, Community and Correctional Services Manager
- Financial Administrator
- Electrical and Telecommunications Contractor
The median family income in Canada is 76,000 CAD annually, according to the latest figures from Statistics Canada, and the median individual income is 27,600 CAD. The average hourly wage in Canada is currently 24.24 CAD – up by 2 percent from last year.
This is just a short sample of what you’ll find in over 100 pages of information in the complete Canada Guide.