Canada’s biggest companies are hiring more people in their hometowns
A new survey of global tech companies has found the biggest companies in Canada are hiring the most people in cities, in the hopes of boosting the country’s economy.
The survey of more than 400,000 employees by analytics firm eMarketer found that the number of people working in Toronto, Montreal, Vancouver and Ottawa is up from the previous year, as well as those in the US, the UK and Australia.
In Toronto, the number is up by a quarter and in Montreal it is up 17 per cent.
Eighty per cent of people who responded to the survey said they are using the platform to find work, the survey showed.
While the majority of people were looking for work, a large number of respondents said they were also looking for a way to make more money.
Forty per cent said they have been using their jobs to earn money, up from 24 per cent last year, according to the eMarketers survey.
“As our economy continues to grow, there is no doubt that people are looking for ways to make extra money,” the e-commerce giant said in a statement.
Canada has struggled with a slowing economy in recent years, as exports have slowed and job losses have been mounting.
A new report by the U.S.-based Economic Policy Institute shows that the country lost more than 2 million jobs in the first quarter of 2017.
But the number in Toronto and Montreal has grown faster than that, as more people are searching for work.
About 6 per cent more people who live in Toronto now are working in their own city, compared to the same period in 2016, the study found.
Vancouver has seen a significant increase in people seeking work in the past year, with 1.9 per cent less people in Vancouver working in the city last year than in the same time last year.
Thirty per cent fewer people were working in Vancouver in the fourth quarter of last year compared to last year as well.
And the number working in Montreal has gone up by nearly 4 per cent to more than 790,000.
For people in Canada, a job in their city of residence can bring more income, more secure housing and better health, according the eMeeting research.
According to eMeasuring, the Canadian economy has a projected growth rate of 2.1 per cent this year, up slightly from last year’s 2.2 per cent increase.
It is forecast to grow at an annual rate of 1.8 per cent in 2018, according eMeaning that would be the fastest growth rate in 20 years.