Canadian employment rose by 0.3 per cent to 20.17 million in June. The Canadian unemployment rate rose to 5.4 per cent after rising to 5.2 per cent in May. Total hours worked were up 2 per cent year over year, while average hourly wages were up 4.2 per cent from June of last year.

Employment in BC was little changed in June, falling 0.1 per cent to 2.778 million, while falling by 0.3 per cent in Metro Vancouver to 1.570 million. The unemployment rate jumped to 5.6 per cent in BC, up from 5 per cent in May, while rising to 5.7 per cent in Metro Vancouver. 
Link: https://mailchi.mp/bcrea/canadian-employment-june-2023

For more information, please contact: Gino Pezzani.

Breathwork is known to promote relaxation and reduce activation of the sympathetic nervous system, which can help you sleep better. Here is an easy breath exercise that might help promote restful sleep:

1. Lie in a comfortable position, close your eyes and breathe in deeply through your nose.

2. Hold for a count of three, and then slowly exhale through your mouth to release tension.

3. Continue with deep breathing by inhaling for four counts, holding for four and exhaling for six.

4. Focus on the sensation of each breath and let go of any distractions.

5. Practice this exercise for 10 minutes to allow your body and mind to relax.

Here are some common ingredients in skin care products and what they mean.

Salicylic acid: This exfoliates the outer layer of skin and unclogs pores.

Alpha-hydroxy acids (such as glycolic and lactic acids): These compounds remove dead skin cells, moisturize the skin and minimize acne scars, discoloration and fine lines.

Retinoids: These are forms of vitamin A that boost collagen production and reduce fine lines and wrinkles. They can be obtained in prescription or nonprescription strength.

Vitamin C: Available in various formulations, vitamin C helps heal blemishes, even out skin tone and give the skin a healthy glow.

Canadian real GDP was flat from the prior month in April, following a 0.1 per cent increase in March. Goods-producing sectors of the economy grew 0.1 per cent while services-producing sectors were flat. Construction activity rose 0.4 per cent as lower residential construction activity was offset by other subsectors, including engineering construction (+1.1 per cent). The real estate and rental leasing sector expanded 0.5 per cent in April as home sales rebounded. Canadian real GDP is now roughly 3.7 per cent above its pre-pandemic, February 2020 level. Preliminary estimates suggest that output in the Canadian economy expanded 0.4 percent in May.

April's GDP read extends a trend of weak but positive growth since February. The strike of federal workers caused public sector GDP to decline 0.3 per cent in April and contributed to a solid rebound in May, estimated preliminarily at 0.4 per cent. Despite low growth, the economy remains relatively resilient given the headwinds of rising interest rates. Furthermore, given the widespread expectation of an imminent recession for at least the prior two quarters, that growth has been positive in all months of 2023 so far is an unexpectedly cheerful development. But monetary policy works with a long lag, and further slowing of GDP and labour markets are widely expected in the second half of the year. The Bank of Canada's goal is to guide inflation back down to 2 per cent without causing a prolonged contraction in GDP. So far, they have had considerable success, but the Bank will be watching closely to maintain this balance into the fall. 

Link: https://mailchi.mp/bcrea/canadian-real-gdp-growth-april-2023

For more information, please contact: Gino Pezzani.