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Canada Strong Fund Scam Warning: Don't Fall for Fake Investment Offers

Scammers are already exploiting Canada's new $25-billion sovereign wealth fund — and the Government of Canada has issued an official warning. If you've seen an ad, received a call, or been sent a link about investing in the Canada Strong Fund, here's what you need to know to protect yourself and your money. ⚠️ Official government warning: The Government of Canada has confirmed that scammers are impersonating the Canada Strong Fund to steal money from Canadians. The fund is not open for public investment — any ad, cold call, or platform asking for your money is a fraud. Canada's new sovereign wealth fund made big headlines when Prime Minister Mark Carney announced it in late April 2026. The Canada Strong Fund — a $25-billion federal investment vehicle designed to back major Canadian projects — was pitched as a way for everyday Canadians to eventually share in the country's long-term economic growth. But before the ink was dry on the announcement, scammers were alre...
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Population growth outpaces job creation in Canada

 


Canada’s labour market is facing a challenge as the number of people looking for work is growing faster than the number of jobs available. According to Statistics Canada, employment increased by 25,000 in November, but the unemployment rate rose to 5.8 per cent from 5.7 per cent in October. This is because the population aged 15 and over grew by 870,000, or 2.7 per cent, since the beginning of the year, while the net job gain was only 430,000.

The Bank of Canada has been raising interest rates to curb inflation, but this has also slowed down the economy and the demand for labour. Some economists expect the central bank to start cutting rates in the second quarter of next year to stimulate growth and stabilize the labour market.

The job gains in November were concentrated in the private sector, full-time work, manufacturing and construction. However, some industries, such as wholesale and retail trade, finance, insurance and real estate, saw job losses. Younger workers (15 to 24) also faced higher unemployment than other age groups.

Average hourly wages rose 4.8 per cent year over year in November, matching the increase in October. The Bank of Canada is monitoring wage growth for signs of inflationary pressure. Total hours worked across the economy fell 0.7 per cent in November, indicating a weak performance of gross domestic product that month.


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