Car-shopping turned into a nightmare for many Canadians during the pandemic – and the bad dream isn’t over yet. Global automotive supply chains, which were thrown into disarray during COVID-19 by factory shutdowns and parts shortages, meant dealership lots had few vehicles on offer. Meanwhile, consumers unable to find new cars and trucks turned to the used-vehicle market, sending prices there to unprecedented heights. With the global health emergency now over, supply chains have largely...

The pay rates advertised by employers for new openings are growing at a markedly slower pace compared with the middle of 2022, according to new data from job-search giant Indeed. A new tracking tool from the company shows wages advertised in job postings on Indeed’s Canadian site were up 4 per cent in May compared with the same month in 2022. While that growth rate was still well above prepandemic trends, it was also below the pace of year-over-year wage growth recorded around the middle of...

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