- StatsCan said Wednesday there were 5.8 jobless workers for every one vacancy in March. That’s down from last year.
- Canada’s booming real estate market will grind to a halt next year, according to a new Reuters poll. Declines in the condo-saturated markets of Vancouver and Toronto will be the main factor in stagnating prices.
- Move over Boomers. Generation Y is outspending older Canadians on luxury travel, fashion and dining, according to a new report. Perhaps most interesting is that luxury spending for this up to 29 age group continues to rise despite increased debt loads, high unemployment rates and weak job prospects. Splurging on high-end fashion was up 33% between 2009 and 2011, while spending on travel and fine dining were up 74% and 102% respectively.
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