According to the "Modelled Market Basket Measure poverty rates for 2022 and 2023" report by Statistics Canada, here are some key takeaways that business owners should be considering if they are in construction and looking to grow their business:

Rising Poverty Rates: Predictions indicate a significant increase in poverty rates, underscoring the need for accessible employment opportunities.

Economic Impact: As lower-income individuals face challenges, businesses can play a role in providing job opportunities that may alleviate poverty.

The Role of Employment: With the predicted rise in poverty, offering short-term, trial-based jobs could be a proactive approach to help individuals secure stable employment and combat poverty trends.



* External Source: 150.statcan.gc.ca/n1/en/pub/75f0002m/75f0002m2024001-eng.pdf?st=SWiO9O86