A WEEKLY RE1 :T1EW1. I + Canada Canada OVERVIEW. Canaaa

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1 Catalogue E (Franças F) ISSN Price: Canada, $ a year/other Countries, $ a year A WEEKLY RE1 :T1EW1 Friday, September p i: 1R 7 OVERVIEW Unemployment Rate Falls to 8.8% In August, the unemployment rate reached its lowest level in more than five years. Employment resumed the upward trend it has been following since July 1986, rising by 42,000. Steady Growth in Labour Income In June, labour income was up 6.5% from the same month a year earlier, maintaining the generally rising trend evident since August Household Demand For Credit Remains High The non-financial sectors raised $28.3 billion on conventional credit markets in the second quarter this total, $11.9 billion was borrowed by the personal sector. Advances in New Housing Prices Moderate In July, the new housing price index was up 0.4% over June, continuing the trend of more moderate price advances evident in the last three months. Unemployment Rte Falls to. 8i8'/o L In August, seasonally adjusted estimates from the labour force survey indicate that Canada's unemployment rate fell to 8.8%, its lowest level since February Unemployment rates ranged between 5.8% in Ontario and 18.2% in Newfoundland. Overall, unemployment decreased by 39,000, while employment rose by during the month. The seasonally adjusted level of employment resumed the uptrend it has been following since July Employment rose 42,000 in August, completely offsetting a slight decline in July. Most of this increase was concentrated among persons 25 years of age or older (40,000). This age group has recorded higher employment levels for thirteen consecutive months. Since October 1986, most of the growth in employment has been in full-time jobs. This trend continued in August with full-time employment advancing by 58,000, while part-time employment declined by 23,000. The impact of these movements was concentrated among female workers. continued on page 2) Slowdown in Post-Secondary Enrolment Early estimates indicate that the enrolment in community colleges will level off and university enrolment will only rise marginally. Tuition Fees Continue to Rise Students at most Canadian universities can expect to pay from 4% to 10% more in tuition for undergraduate Arts and Science programs in Also included in this issue is information on Population and Dwelling Counts from the 1986 Census. I + Canada Canada Statistics Stat istique Unemployment Rate (percent, seasonally adjusted) j j J J D U Canaaa.'

2 Unemployment Rate Falls to /0 Employment in construction rose by The finance, insurance and real estate and the public administration sectors also recorded higher levels of employment. The agricultural sector posted a decrease of 9,000, while there was little change in the remaining industry groups. For further information, contact Household Surveys Division at (613) or order Labour Force lnformatipn (catalqgue number P) for summary data. Labour Market Conditions 0 Apr. May June July Aug Change, previous month Labourforce('OOO) Employment ('000) years('000) years&over('000) Unemployment('000) Unemployment rate Steady Growth in Labour Income The preliminary estimate of total labour income in June 1987 was $24.8 billion, up 6.5% from the same month a year earlier. Year-over-year increases in total labour income have generally been rising since August 1986 when the growth rate was 5.6%. The seasonally adjusted estimate of wages and salaries registered marginal growth over the previous month. The month-over-month change was 0.3%, compared to an average monthly increase of 0.6% for the first five months of Labour Income (Vö change, previous year) 11) On a year-over-year basis, wages and salaries in the goods-producing industries were up 7.4% in June 1987, the largest increase recorded since March Reflecting the growth in output from this sector, wages and salaries have risen steadily throughout All industries within this group showed large increases in the yearly growth of wages and salaries in June. However, the most significant change was a 4.6% advance in mines, quarries and oil wells. This was only the second year-over-year increase for these industries in more than a year. 0 On a year -over -year basis, wages and salaries in the service-producing industries increased by 6.0%, compared to an average growth rate of 6.3% for Most industries in this group showed little change in their yearly growth rate of wages and salaries. The exceptions were provincial administration which increased by 8.5% due to retroactive payments made in June 1987 and federal administration which decreased by 2.3% due to retroactive payments made in June D For further information, contact Labour Division at (613) or order Estimates of Labour Income (catalogue number ). Household Demand For Credit Remains High Non-financial sectors raised $28.3 billion on conventional credit markets during the second quarter of 1987, compared to $24.9 billion a year earlier. Funds raised by individuals, unincorporated business and private corporations accounted for 78% of this total, up from 49 % in the first quarter of Demand for funds by households continued at a high pace in the second quarter. Despite the rise in interest rates, personal sector mortgage borrowing remained very strong, in line with continuing strength in the residential housing sector. Consumer borrowing accelerated, reflecting rising expenditures on consumer durable goods, such as cars and household furnishings. (continued on page 3)

3 Household Demand For Credit Remains High Non-financial private corporations raised a total of $10 billion in conventional credit market instruments, up 39% from a year earlier. The current increase follows a marked drop in borrowing in the first quarter of In the secono quarter, non-financial private corporations accounted for 370/6 of credit market funds raised by domestic non-financial sectors. Notably, loans and bonds were relatively important financing Financial Market Summary Q2 -Q3 Q4 Qi Q2 millions of dollars Non-financial sectors Personal Sector 8,981 7,439 14,425 6,270 11,890 PrivateCorporations 7,505 4,669 6,716 5, Government Enterprises GeneralGovernment 8, ,680 11,056 6,337 Total Domestic 24,865 17,855 36,514 23,014 28,297 instruments after playing a minor role in the first quarter. Funds raised through bank loans were at one of their highest levels since the fourth quarter of The sale of new issues of shares netted $35 billion in the quarter, with a significant portion being concentrated in the mining industry. The proportion of funds raised on credit markets by general government was down sharply to 22%, from 34% in the second quarter of It was also down from the first quarter of 1987, when the general government accounted for 48% of the total borrowing. In the second quarter, government revenues grew considerably faster than expenditures. Net bond issues totalled $1.1 billion, a decrease from $2.7 billion a year earlier. Net issues of short-term paper (treasury bills and Canada Bonds) were also very low. Issues of provincial government treasury bills and bonds were up nearly a billion dollars over last year. Provincial bond issues of $3.6 billion included $900 million in threeyear capital bonds sold to residents of Alberta. is For further inforrriation, contact International and Financial Economics Division at (613) or order Financial Flow Accounts (catalogue number P).. Advances in New Housing Prices Moderate In July, the new housing price index was up 0.4% over June to 120.1, Continuing the rising trend evident since mid However, monthly increases have slowed in the last three months, as the growth in housing prices in Toronto has moderated. The house only portion of the index rose an estimated 0.3%, while the land only index advanced 0.6%. This index of housing contractors' selling prices was 15.6% higher than it was a year earlier. For the second consecutive month, the largest monthly increase in new housing prices was recorded in Kitchener-Waterloo where prices rose by 1.0%. In July, the index for Toronto rose by only 0.3%, continuing the pattern of more moderate price increases recorded in the previous three months. New Housing Price Index Mar. Apr. May June July % change, previous month New Housing and only house only There has been a distinct regional element to the changes in contractors' selling prices. Large monthly and yearly gains have generally prevailed in southwestern Ontario cities and Montreal. In Alberta and British Columbia, index levels in July were still below their 1981 price reference level of 100. Only Victoria continued to show a year-over-year decline. For further information, contact Prices Division at (613) or order Construction Price Statistics (catalogue number ).

4 PUBLICATIONS RELEASED FROM SEPTEMBER AGRICULTURE Production and Stocks of Eggs and Poultry, June Catalogue number (Canada: S10$100; Other Countries: $11$110). Shorn Wool Production, Catalogue number (Canada: $10: Other Countries: $11). CENSUS Population and Dwelling Counts - Canada: Census Metropolitan Areas and Census Agglomerations, Catalogue number (Canada: $24; Other Countries: $25). Inventories, Shipments and Orders in Manufacturing Industries, May Catalogue number (Canada: $15.$150; Other Countries: $16$160). Machinery Industries (Except Electrical Machinery). Other Machinery and Equipment Industries n.e.c., 1985 Census of Manufactures. Catalogue number B 3199 (Canada: $4: Other Countries: $5). Refined Petroleum Products, May Catalogue number (Canada: $15 $150; Other Countries: S16$160). Stocks of Frozen Meat Products, August Catalogue number (Canada: $10$100: Other Countries: S11$110). Wholesale Trade, June Catalogue number (Canada: $5$50; Other Countries: $6 $60). EDUCATION, CULTURE AND TOURISM Advance Statistics of Education, Catalogue number (Canada: $15: Other Countries: $16). Culture Statistics, Government Expenditures on Culture in Canada - Preliminary Statistics, Catalogue number (Canada: $10: Other Countries: $11). Tuition and Living Accommodation Costs at Canadian Universities, and Catalogue Number (Canada: $15; Other Countries: $16) INCOME AND EXPENDITURE National Income and Expenditure Accounts, First Quarter Catalogue number (Canada: $15/$60; Other Countries: $16/$64). INDUSTRY Cereals and Oilseeds Review, June Catalogue number (Canada: $10$100; Other Countries: $1 1/$1 10). Coal and Coke Statistics, May Catalogue number (Canada: $8$80; Other Countries: $9/$90). Electric Lamps, July Catalogue number (Canada: $4i$40: Other Countries: $5150). Electric Power Statistics, May Catalogue number (Canada: $8$80; Other Countries: $9/$ 90). Factory Shipments of High Pressure Decorative Laminate Sheet, Quarter Ended June Catalogue number (Canada: $3$1 2: Other Countries: $4i$1 6). INTERNATIONAL AND FINANCIAL ECONOMICS Financial Flow Accounts: Financial Activity in Canada, Second Quarter Catalogue number P (Canada: SlO $40: Other Countries: Sil S44). INTERNATIONAL TRADE Canadian Export Classification. Catalogue number E (Canada: $35; Other Countries: $48). Exports by Country, January-June Catalogue Number (Canada: $75$300; Other Countries: $85/$340) Imports by Commodity, June Catalogue number (Canada: $50$500: Other Countries: $601600). Preliminary Statement of Canadian International Trade, July Catalogue number P (Canada: $5'$50; Other Countries: $6$60). JUSTICE Juristat Service Bulletin, Vol. 7, No. 4, Traffic Enforcement Statistics, Catalogue number (Canada: $2$10: Other Countries: $3/51 5). SCIENCE, TECHNOLOGY AND CAPITAL STOCK Buildings Permits, May Catalogue number (Canada: $20$200: Other Countries: $21$210). Fixed Capital Flows and Stocks, 1987, Catalogue number (Canada: $40: Other Countries: $41)..

5 Slowdown in Enrolment.Early estimates indicate that this year's enrolment in community colleges will level off at 321,000 after many years of steady increase, and full-time university enrolment will rise only marginally from the previous academic year to 475,000. These anticipated slowdowns in enrolment growth are due mainly to the fact that the decline in the 18 to 21-year-old population is only partially countered by the increasing participation of this age group in postsecondary education. After many years of decline, enrolment in grades 1-8 is expected to increase slightly, reflecting the recent growth in the 6 to 13-year-old population. Fall enrolments are expected to total about 3 million. Enrolment in Grades 9-13 will likely decrease slightly to about 1.5 million, again a reflection of the changes in the population of the related age group. The 14 to 17-year-old population continues to decrease, but not as rapidly as in the early 80s. Given the overall stability in enrolments compared to the previous year, the number of elementary-secondary teachers is likely also to remain stable at about 273,900 - assuming that the national ratio of students per full-time teacher remains at 18:1 as it has for the past six years. Total spending on education at all levels is expected to reach $37.8 billion in , an increase of 4.3% over and the lowest yearly rise in over a decade. For further information, contact Education, Culture and Tourism Division at (613) or order Advance Statistics of Education, (catalogue number ). than Tuiton Fees Continue to Rise Tuition fees continue to rise at most Canadian universities. With the exception of institutions in Quebec and one in Nova Scotia, students can generally expect to pay from 4% to 10% more in tuition for undergraduate Arts and Science programs in Over the last decade, tuition fees have more doubled at most Canadian universities. The exceptions are institutions in British Columbia where fees have generally tripled and Quebec where fees are unchanged. Over the same ten-year period, the consumer price index has risen 1 04%. Tuition fees account for a growing share of universities' total operating income. In , they contributed 16% of operating income as compared to 13% in In the school year, a full-time student in an undergraduate Arts and Science program can generally expect to pay between $450 and $1,750 for tuition. If they are living in university residences or housing they can expect to pay an additional $2,100 to $4,000 for room and board. Generally, foreign students choosing to study at Canadian universities can expect to pay higher tuition than their Canadian counterparts. With the exception of Newfoundland, Manitoba and specific institutions elsewhere, foreign students may pay up to $5,400 more than Canadian students. For further information, contact Education, Culture and Tourism Division at (613) or order Tuition and Living Accommodation Costs at Canadian Universities (catalogue number ). NEW FROM STATISTICS CANADA Population (wiudu I% Population and Dwelling Counts - Canada: Census Divisions and Subdivisions This first of a series of national geographic data publications from the 1986 Census provides users with population counts for the 266 census divisions (i.e. counties) and 6,009 census subdivisions (i.e. municipalities) in Canada. Data users should note that other publications in this series will provide data for federal electoral districts, census enumerations areas, census metro-politan areas, census agglomerations and unincorporated places. Order Population and Dwelling Counts - Canada: Census Divisions and Subdivisions (catalogue number ) from your nearest regional reference centre.

6 TArlSTIcs CANADA LISPAp, U S AflSjQ1J ca114d LATEST MONTHLY STATISTICS Previous Month % Change From Year Ago EMPLOYMENT, INCOME Average Weekly Earnings(S) June Labourincome($million) Junet 24,776 24, Persons with Jobs (million) Aug.* Unemployed(million) Aug.* INVENTORIES DepartmentStore(Smillion) June 4,179 4, Manufacturers' Owned (5 million) June 33,641 33, ORDERS Manufacturers' New Orders (5 million) June 23,168 22, Manufacturers' Unfilled Orders (S million) June 24,311 24, PRICES Consumer Price Index (1981 = 100) July New House Price lndex(1981 = 100) Julyt RawMaterialsPricelndex(1981 = 100) July ExcI. mineral fuels July Industrial Product Price lndex(1981 = 100) July CONSTRUCTION Year-to-date Building Permits ($ million) June 2,290 14, Housing Starts - Urban Centres (units) June 23, , ENERGY Coal Production (thousand tonnes) June 4,963 28, Electricity Generation (gigawatt hours) June 36, , Natural Gas Production (million cubic metres) May 8,912 39, FOREIGN TRADE Exports - Balance of Payments Basis ($ million) June 10,732 61, Imports - Balance of Payments Basis ($ million) June 10,631 56, SALES Department Store Sales (S million) June 1,017 5, Manufacturers' Shipments ($ million) June 23, , New Motor Vehicle Sales ($ million) June 2,568 12, Refined Petroleum Products (thousand cubic metres) June 6,987 37, Retail Sales ($ million) June 13,477 71, Statistics are in current dollars and are not seasonally adjusted. new this week. INFOMAT A WEEKLY REVIEW Published by the Communications Division (Director - Tim Davis), Statistics Canada. Senior Editor: Greg Thomson (613) Editor: Linda McCormick (613) R.H. Coats Building, Tunney's Pasture, Ottawa, Ontario K1A 0T6. Catalogue: E. Price: Canada, $21S100; other countries, $3/$150. To subscribe: send money order or cheque payable to the Receiver General for Canada/Publication Sales, Statistics Canada, Ottawa, Ontario K1AOT6 or telephone Publication Sales at (613) Published under the authority of the Minister of Supply and Services Canada. Statistics Canada should be credited when reproducing or quoting any part of this document.