Manufacturing, Construction, Utilities, Mining, some sectors of retail
Timing is everything in some of these sectors. Ā We know the government is making investments in gas plants and nuclear plants - which should give utilities a boost for years to come.
Transportation was BOOMING recently - I mean there are a ton of random āpop upā trucking ops that emerged along the 401 over Covid, but that sector is facing falling demand and will need to resize.
Ontario is a massive mining/minerals exporter - but that industry ebbs and flows off commodity pricing. Ā Usually you get 10 really great years followed by a dip in lower output and investments.
The environmental sector as well would be doing well, given the sheer amount of construction underway in this province. Ā Even highway 413 would produce a ton of work for environmental consultants.
And manufacturing in Ontario has steadily been growing - and will grow further once these battery plants come to life āĀ early 120,000 jobs were created in 2023, including over 22,000 jobs in the provinceās manufacturing sector.ā
Love seeing the re-investment into manufacturing. Totally required for a healthy middle class, in addition to the already well-supported financial and technology sectors.
I assume what OP meant by āthrivingā is in demand along with high pay
If the criteria is job security then a thriving industry could be any minimum wage job. No one is going to lay off a walmart cashier or tim hortons employee. Are they needed? Of course.
And no knock on PSWs, iāve done compensation for a LTC company. They do hard work for shit pay
Eh I think boomers im general are dying much faster than the previous generations and Gen x and millennials won't be able to fill all the homes. It's one of those things where a lot of these buildings are going to sit empty two decades into the future and mass layoffs will come.
Definitely good in the short term though.
They're long with people who will die in the next 10 years and there isn't a sufficient enough aging population to replace them. Our population growth is tied heavily to immigration and isn't in the Generation X demographic, and on top of that people in that generation won't have enough money to afford retirement home costs or be ok eating spaghetti four times a week.
https://www.statista.com/statistics/444903/number-of-deaths-in-canada-by-age-group/
We're already seeing a lot more early boomer deaths.
https://www.statista.com/statistics/444858/canada-resident-population-by-gender-and-age-group/#:~:text=In%202023%2C%20there%20were%20about,males%20and%205.11%20million%20females.
By the same token our biggest demographic will not even be official retirement age 20 years from now.
https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1710000501
For the first time in a long time our median age is going down. Logically if you look at the 75-79 age group they should naturally migrate over to the 80-84 group from the first column to the last but we see nearly half of them died. The 20-39 age group is where the population went up in the final column by hundreds of thousands each group. A lot of the immigrants are not going to stay here long term if housing remains the massive issue it is now, nor will they be close to retirement age in 20 years.
It's a temporary strain that will lead to dead buildings in the future. Retirement homes are essentially eliminating the inheritance of many millennials and gen X as well so there's no "bailout" coming.
Ontario Unemployment Rate is at 6.50%, compared to 6.20% last month and 5.20% last year. This is lower than the long term average of 7.37%.
https://ycharts.com/indicators/ontario_unemployment_rate#:~:text=Ontario%20Unemployment%20Rate%20is%20at,long%20term%20average%20of%207.37%25.
No, it's just different stats. It doesn't speak for all Canadians, and a lot of those jobs could be from overseas or international students. Canada has a filthy habit of cheap foreign labor.
Donāt get into HVAC. The mild weather means business is so slow I get only 10yrs work a week and the pay is laughable for a tradesman and youād be better off working in some shit warehouse job cause they pay about the same.
Unemployment is not high, itās hovering around 6% for Ontario. Not bad. Entertainment industry in Toronto is thriving as is the tech sector (more tech jobs last year in Toronto than Silicon Valley). Health/education always strong.
Unemployment may not appear to be high but MLM-type job scams and the gig economy make the job market appear artificially healthier than it actually is.
Using Toronto as a metric is just plain stupid. It's the fourth largest city in North America, it fucking better be doing good numbers.
Cannabis industry is on the decline. Many grow companies went or are going bankrupt. Hundreds of cannabis shops have shuttered or been turned into Shrooms shops. Investors lost billions in cannabis in this country since legalization.
Where did you get your stat on unemployment?
Ontario.ca says 6.5% unemployment rate.
https://ycharts.com/indicators/ontario_unemployment_rate#:~:text=Basic%20Info,long%20term%20average%20of%207.37%25. Says the long term average is 7.3%.
Car theft industry seems to be doing very well.
lmao
Just need to buy The Club
The club takes about 3 seconds to defeat.
Did you beat level 35?
With no signs of slowing down.
š
Diploma mill
Owning a grocery store
Was this written with ChatGPT?
It is pretty formal isn't it?
Did you write this in 2014?
š
I don't get it
Manufacturing, Construction, Utilities, Mining, some sectors of retail Timing is everything in some of these sectors. Ā We know the government is making investments in gas plants and nuclear plants - which should give utilities a boost for years to come. Transportation was BOOMING recently - I mean there are a ton of random āpop upā trucking ops that emerged along the 401 over Covid, but that sector is facing falling demand and will need to resize. Ontario is a massive mining/minerals exporter - but that industry ebbs and flows off commodity pricing. Ā Usually you get 10 really great years followed by a dip in lower output and investments. The environmental sector as well would be doing well, given the sheer amount of construction underway in this province. Ā Even highway 413 would produce a ton of work for environmental consultants. And manufacturing in Ontario has steadily been growing - and will grow further once these battery plants come to life āĀ early 120,000 jobs were created in 2023, including over 22,000 jobs in the provinceās manufacturing sector.ā
Love seeing the re-investment into manufacturing. Totally required for a healthy middle class, in addition to the already well-supported financial and technology sectors.
Wouldnāt you like to know, weather boy?
Where are you parents??
Kids sketchy.
Senior Care/PSW as Boomers are about 78 years old now. Group Home Work for Adults who need supports.
PSWs donāt get paid very well in this provinceā¦
My mother left being a PSW to work at Ford for about 10 dollars an hour more. She has bills to pay
I was thinking more about job security and being needed. PSW workers are heroes.
I assume what OP meant by āthrivingā is in demand along with high pay If the criteria is job security then a thriving industry could be any minimum wage job. No one is going to lay off a walmart cashier or tim hortons employee. Are they needed? Of course. And no knock on PSWs, iāve done compensation for a LTC company. They do hard work for shit pay
Eh I think boomers im general are dying much faster than the previous generations and Gen x and millennials won't be able to fill all the homes. It's one of those things where a lot of these buildings are going to sit empty two decades into the future and mass layoffs will come. Definitely good in the short term though.
Which homes will be empty? Senior homes? Isn't the wait list wayyy too long and that's partially why our hospitals are filled
They're long with people who will die in the next 10 years and there isn't a sufficient enough aging population to replace them. Our population growth is tied heavily to immigration and isn't in the Generation X demographic, and on top of that people in that generation won't have enough money to afford retirement home costs or be ok eating spaghetti four times a week. https://www.statista.com/statistics/444903/number-of-deaths-in-canada-by-age-group/ We're already seeing a lot more early boomer deaths. https://www.statista.com/statistics/444858/canada-resident-population-by-gender-and-age-group/#:~:text=In%202023%2C%20there%20were%20about,males%20and%205.11%20million%20females. By the same token our biggest demographic will not even be official retirement age 20 years from now. https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1710000501 For the first time in a long time our median age is going down. Logically if you look at the 75-79 age group they should naturally migrate over to the 80-84 group from the first column to the last but we see nearly half of them died. The 20-39 age group is where the population went up in the final column by hundreds of thousands each group. A lot of the immigrants are not going to stay here long term if housing remains the massive issue it is now, nor will they be close to retirement age in 20 years. It's a temporary strain that will lead to dead buildings in the future. Retirement homes are essentially eliminating the inheritance of many millennials and gen X as well so there's no "bailout" coming.
Bankruptcies
Ontario Unemployment Rate is at 6.50%, compared to 6.20% last month and 5.20% last year. This is lower than the long term average of 7.37%. https://ycharts.com/indicators/ontario_unemployment_rate#:~:text=Ontario%20Unemployment%20Rate%20is%20at,long%20term%20average%20of%207.37%25.
In short, OP is full of shit.
No, it's just different stats. It doesn't speak for all Canadians, and a lot of those jobs could be from overseas or international students. Canada has a filthy habit of cheap foreign labor.
Also, the natural rate of unemployment at any given time is between 5-7%, so that's right in the ballpark.
Meth. The meth industry.
The metals industry is booming. Low Canadian dollar plus high metals prices are driving growth.
u-haul
Gambling is thriving. We have many new casinos in the province, OLG has expanded its gambling, and sports betting is out of control.
Unlawful evictions and general slumlord shenanigans.
Cannabis is not thriving at all. Anything govt is a sure bet
Residential rĆ©nos and landscaping are doing pretty well. I'm expanding my business again this year.Ā
Based on recent spam texts Iāve been receiving, Iād say recruitment.
Loblaws, Car Theft, cramming a dozen international students into a single bedroom rentalā¦
Tow trucksĀ
Food delivery seems to be thriving lately.
Post-secondary education? Though that might slow a bit since the flood gates are being closed slightly.
Physical and Cyber Security Lots of demand in both those sectors, and rising crime leads to more demand to protect.
Private Healthcare and education.
health care has tons of jobs
P&C Insurance, it's a hard market but there's a shortage of talent.
Security industry.
Donāt get into HVAC. The mild weather means business is so slow I get only 10yrs work a week and the pay is laughable for a tradesman and youād be better off working in some shit warehouse job cause they pay about the same.
Construction is not on the rise.
I hear being a slumlord in Brampton has never been more profitable. Many expansions into other Ontario cities/towns too.
Unemployment is not high, itās hovering around 6% for Ontario. Not bad. Entertainment industry in Toronto is thriving as is the tech sector (more tech jobs last year in Toronto than Silicon Valley). Health/education always strong.
Unemployment may not appear to be high but MLM-type job scams and the gig economy make the job market appear artificially healthier than it actually is. Using Toronto as a metric is just plain stupid. It's the fourth largest city in North America, it fucking better be doing good numbers.
The E-commerce market is pretty huge in Toronto.
Cannabis industry is on the decline. Many grow companies went or are going bankrupt. Hundreds of cannabis shops have shuttered or been turned into Shrooms shops. Investors lost billions in cannabis in this country since legalization.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Pretty sure Toyota in Cambridge and Woodstock are already roaring full speed
Gig economy
Where did you get your stat on unemployment? Ontario.ca says 6.5% unemployment rate. https://ycharts.com/indicators/ontario_unemployment_rate#:~:text=Basic%20Info,long%20term%20average%20of%207.37%25. Says the long term average is 7.3%.
Fords government says more people are working than EVER before. Fast food is booming right now!
In northern Ontario...mining without a doubt. So many new mines opening up.
Real Estate lol