Skip to main content

Featured

Top Savings and GIC Rates in Canada This Week

                                                                             Canadians looking to maximize their returns on safe investments have strong options this week, with both high-interest savings accounts (HISAs) and guaranteed investment certificates (GICs) offering competitive rates. High-Interest Savings Accounts KOHO Earn Interest Account continues to lead with an impressive 3.5% interest rate , offering unlimited transactions and cashback perks. Other online banks and credit unions are hovering around 3.0%–3.25% , making HISAs a flexible choice for those who want liquidity while still earning meaningful returns. Guaranteed Investment Certificates (GICs) For short-term savers, MCAN Wealth is offering 3.65% on a 1-year GIC , one of the hig...

article

Holiday Hiring Fails to Ease Labor Market Strain

 



As the holiday season approaches, retailers and logistics companies traditionally ramp up hiring to meet surging consumer demand. Yet this year, the influx of seasonal jobs offers only modest relief to a labor market still grappling with structural challenges.

While temporary positions provide short-term opportunities, they do little to address persistent issues such as stagnant wages, worker shortages in critical industries, and the growing mismatch between available jobs and worker skills. Many seasonal roles are concentrated in retail and warehousing, sectors that often struggle to retain employees once the holiday rush subsides.

Economists note that the reliance on short-term hiring underscores deeper vulnerabilities. The labor market continues to face pressure from automation, shifting consumer habits, and a cooling economy. For workers, seasonal jobs may provide a paycheck, but they rarely translate into long-term stability or career growth.

In the end, the holiday hiring surge highlights the gap between temporary fixes and the need for sustainable employment solutions that strengthen the workforce year-round.


Comments