Job vacancies decline in July
In July, job vacancies in Canada decreased by 20,600 (-4.2%) to 469,900. On a year-over-year basis, job vacancies were down by 79,400 (-14.5%). There were 3.3 unemployed persons for every job vacancy in July, up from 3.2 in June. This was the highest unemployment-to-job vacancy ratio since January 2017 (excluding 2020 and 2021 during the COVID-19 pandemic). Year over year, average weekly earnings were up 3.3% to $1,308 in July 2025, following a 3.6% increase in June.
Real gross domestic product up for the first time in four months
Real gross domestic product grew 0.2% in July, after edging down (-0.1%) in June. The first increase in four months was predominantly driven by expansion in the goods-producing industries. Goods-producing industries rebounded with a 0.6% increase in July, following three consecutive months of contraction, as all sectors in this grouping expanded.
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In Canada, almost one in five people (19.5%) were aged 65 and older on July 1, 2025, ranging from 5.2% in Nunavut to 25.2% in Newfoundland and Labrador. This is the first time that the proportion of people aged 65 and older surpassed one in four people in a Canadian province or territory. On the other hand, the median age increased from 40.3 years on July 1, 2024, to 40.6 years on July 1, 2025, while the average age rose from 41.6 years to 41.8 years. This resumes the general trend of increasing median and average ages from 1967 to 2021.
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