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Statistics Canada Begins Major Workforce Overhaul, Cutting 850 Positions

    Statistics Canada says it will be cutting around 850 of its staff along with 12 per cent of its executive team. Statistics Canada is moving ahead with a major restructuring that will see roughly 850 jobs eliminated , including a portion of its executive ranks. The agency confirmed that it has entered a formal workforce adjustment period, with affected employees set to receive notices over the next two weeks. The cuts are part of a broader federal initiative to reduce public service spending. With more than 7,200 employees as of early 2025, Statistics Canada is among several departments facing significant downsizing as the government seeks long‑term budget efficiencies. Union representatives have raised concerns about the impact on the agency’s ability to maintain the quality and timeliness of national data. Management, however, has emphasized that voluntary departures and early retirement incentives will be used where possible to ease the transition. The announcement m...
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Canada's Inflation Rate Declines to 1.8% in December Amid GST Tax Break

 

Canada's annual inflation rate fell to 1.8% in December 2024, according to Statistics Canada. This decrease is largely attributed to the federal government's temporary tax break on various goods and services, including food purchased from restaurants, alcohol, tobacco, and clothing.

The tax break, which was introduced mid-December, significantly contributed to the deceleration in inflation. Without this tax relief, the inflation rate would have risen to 2.3%. Grocery prices also saw a decline, falling to 1.9% from the previous month.

The Bank of Canada is now closely monitoring these developments as it prepares for its next interest rate decision. Analysts are speculating whether this consistent easing of inflation might prompt further rate cuts.

This report highlights the impact of fiscal policies on inflation and underscores the importance of government interventions in managing economic stability.




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