Prices for food purchased from stores rise at a faster pace in October
The Consumer Price Index rose 2.0% on a year-over-year basis in October, up from a 1.6% increase in September, as gasoline prices fell to a lesser extent in October (-4.0%) compared with September (-10.7%). Prices for food purchased from stores rose at a faster pace year over year in October (+2.7%) compared with September (+2.4%). This was the third consecutive month price growth for groceries outpaced headline inflation.
Source: Consumer Price Index, October 2024
Ontario drives growth in residential building construction in September
Investment in building construction rose 2.1% to $21.6 billion in September, following a 0.2% increase in August. Investment in residential building construction was up 2.9% (+$433.4 million) to $15.2 billion in September. Increases were recorded in seven provinces and three territories, led by Ontario (+$232.1 million).
Source: Investment in building construction, September 2024
Prices of products manufactured in Canada increase in October
The Industrial Product Price Index (IPPI) rose 1.2% month over month in October. The prices of primary non-ferrous metal products rose 5.5%, leading the monthly increase in the IPPI. Year over year, the IPPI increased 1.1% in October.
Source: Industrial product and raw materials price indexes, October 2024
Regular Employment Insurance beneficiaries up year over year in September
The number of Canadians receiving regular Employment Insurance (EI) benefits declined by 9,600 (-1.9%) in September. This followed little change in August. The number of EI recipients had been trending up from April 2024 to July 2024. On a year-over-year basis, the number of regular EI beneficiaries was up by 23,000 (+4.9%) in September.
Source: Employment Insurance, September 2024
2SLGBTQ+ youth are at increased risk for mental health difficulties and thoughts of suicide
According to the study "Mental health and access to support among 2SLGBTQ+ youth" released in Health Reports, youth who are Two-Spirit, lesbian, gay, bisexual, transgender, or queer and those who use other terms related to gender or sexual diversity (2SLGBTQ+) were found to be at higher risk for mental health disorders and having thoughts of suicide in 2022 compared to their cisgender, heterosexual peers in 2022. For example, 27% of 2SLGBTQ+ youth met criteria for a major depressive episode in the year prior to the survey, compared with 11% of cisgender, heterosexual youth.
Source: Health Reports, November 2024
Financial situation of urban transit agencies still lagging in September
In September 2024, transit agency operating revenues (excluding subsidies) reached $344.8 million, an increase of 6.7% (+$21.5 million) from September 2023. While this total was the highest level recorded since March 2020, it was $24.2 million below the pre-pandemic level in September 2019.
Source: Urban public transit, September 2024
Employed Canadians on the move
According to the 2021 Census of Population, there were more than half a million employed Canadians (approximately 540,000) living in a different province or territory in 2021 from where they lived in 2016, representing 3.1% of the employed population. From 2016 to 2021, managers in public protection services (24.3%), front-line public protection services (10.8%), transportation officers and controllers (9.9%), physicians, dentists and veterinarians (7.9%) and university professors and post-secondary assistants (7.7%) had the highest mobility rates among 141 occupations.
Source: On the move: More than half a million employed Canadians
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