The Weekly Review, January 20 to 24, 2025

January 24, 2025, 2:00 p.m. (EST)

Non-residential construction investment reaches record high in November 2024

Overall, investment in building construction edged down 0.5% (-$96.6 million) to $21.4 billion in November 2024. The decline was driven by the residential sector (-$168.1 million to $14.8 billion) but was partially offset by a gain in the non-residential sector (+$71.5 million to $6.6 billion). Investment in non-residential building construction increased 1.1% (+$71.5 million) to a record-high $6.6 billion in November.

Source: Investment in building construction, November 2024

Prices for groceries remain elevated in 2024, but their growth slows

While prices for groceries remained elevated, price growth for food purchased from stores was lower in 2024 (+2.2%) compared with 2023 (+7.8%). Notably, prices for virtually all food indexes grew at a slower pace or declined in 2024. Factors putting upward pressure on food prices were less pronounced in 2024. Supply chain constraints that were present during the pandemic eased, resulting in lower-priced inputs and reduced trucking costs

Source: Consumer Price Index: Annual review, 2024

Work-related injuries, illnesses and retention rates of women working in seniors' homes before the COVID-19 pandemic

With the aging of the Canadian population, employee retention in seniors' homes is a concern. In 2016, up to 14% of women working in seniors' homes left the health care and social assistance sector while up to 21% left the nursing and residential care facilities sub-sector. Women who earned relatively low wages, were not unionized, or had low job tenure were generally more likely than others to leave these sectors.

Source: Economic and Social Reports, January 2025

Nearly 670,000 workers used a non-official language at work in 2021

In 2021, nearly 670,000 people used a language other than English or French at work, representing around 1 in 25 workers in Canada. Among these workers, 546,000 used English or French at work in addition to a non-official language, while over 123,000 used only a non-official language. In 2021, health care and social assistance was the sector with the largest number of workers using a non-official language at work (74,000), followed by retail trade (71,000) and accommodation and food services (63,000).

Source: Linguistic diversity in Canada: Shedding light on 2021 Census data on non-official languages

Core retail sales fall in November 2024 on lower sales at food and beverage retailers

Retail sales were relatively unchanged in November 2024. Sales were down in six out of nine subsectors, led by lower sales at food and beverage retailers (-1.6%). Higher sales at motor vehicle and parts dealers (+2.0%) and gasoline stations and fuel vendors (+0.7%) largely offset declines in the remaining subsectors.

Source: Retail trade, November 2024

Operating revenue at skiing facilities more than doubles since 2012

The 2022/2023 ski season marked the first time since the beginning of the pandemic that skiing facilities could operate without any public health-related restrictions. Operating revenue from skiing facilities grew 16.4% year over year to a record-high $1.5 billion in 2023, over double (+106%) the revenue earned in 2012 at the beginning of the time series.

Source: Downhill skiing revenue lifts, but profit margins slide
 

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