TORONTO, ONTARIO — (Marketwired) — 06/13/13 — The Canadian job market is heating up and students are ready to take full advantage of the growing job market in order to make money for school. According to the Canadian Labour Force Survey, youth numbers were notably strong in May, increasing by 54,400 jobs over the previous month.
As well, a recent BMO Bank of Montreal survey found that half (51 per cent) of Canadian businesses are planning to hire students or recent graduates this year.
“We-ve seen more companies investing in employee training and development, which will help business owners ensure they have a supply of talented employees who are prepared to drive performance,” said Steve Murphy, Senior Vice President, Commercial Banking, BMO Bank of Montreal. “The most recent employment numbers are indicative of the optimism that business owners are feeling.”
Plans for Hiring Students and Graduates:
Regional Breakdown
Hiring Differences by Sector
The report was conducted via Pollara with a sample of 500 Canadian business owners, conducted between February 25 and March 15, 2013. The margin of error for this survey is +/- 4.4 per cent, 19 times out of 20. Data has been weighted by region and company size, based on a December 2011 Statistics Canada Study, so that it is representative of all Canadian business owners.
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $555 billion as at April 30, 2013 and more than 46,000 employees, BMO Financial Group provides a broad range of personal and commercial banking, wealth management and investment banking products and solutions.
Contacts:
Media Contacts:
Alexis Brown, Toronto
(416) 867-3996
Valerie Doucet, Montreal
(514) 877-8224
Laurie Grant, Vancouver
(604) 665-7596
Internet:
Twitter: @BMOmedia