Canada’s Top Job Market Is Saskatoon, Toronto Ranks Near Worst: BMO
Toronto is out and Saskatoon is in—at least for those looking for a robust job market. That’s the take from BMO’s latest labor market rankings of Canada’s 33 largest cities. The country added tens of thousands of jobs, but surging population growth means some cities did worse than others. Places like Toronto saw a sharp erosion of its labor market as its population outpaced its ability to create jobs. More affordable cities like Saskatoon maintained robust population growth, but managed to grow its labor market faster—probably since shelter costs didn’t consume its economy.
Toronto unemployment rises to 8.4% https://t.co/3MU8A8NrgU pic.twitter.com/m57hJXWQvN
— Daniel Foch (@daniel_foch) January 11, 2025
