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The Leading Edge
March 2021

Jobs and Vaccines

The economic recession crushed the job markets for both countries. Canada’s job loss recovery remains an uphill battle. In January 2021, Canada lost 212,8003 jobs. This loss is in addition to the 52,7004 jobs lost in December 2020. The January losses were concentrated in Ontario & Quebec (combined loss of 251,000 jobs) where restrictions (stay-at-home orders and curfews) are contributing the two provinces’ challenges. The pandemic wiped out almost 3 million jobs during the months of March & April 2020. Since then, 71% of the jobs lost have been recovered. As of January 2021, there remains a net loss of 858,000 jobs since the onset of the pandemic5.


Allan M. Fenerdjian FCSI®, CIM®
Director, Wealth Management
Portfolio Manager
Investment Advisor
Tel.: 514.989.4803  •  Email
Richardson Wealth Limited
1250 René-Lévesque Blvd. West
Suite 1500
Montréal, QC  H3B 4W8

Toll-free: 1.800.989.4803

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