logo
Staffing for Canada Week Recognizes the $22 Billion Staffing Profession

Staffing for Canada Week Recognizes the $22 Billion Staffing Profession

Yahoo4 days ago

MISSISSAUGA, ON, May 29, 2025 /CNW/ - From June 1 - 7, the Association of Canadian Search, Employment & Staffing Services (ACSESS) and its 1,500 member offices celebrate Staffing for Canada Week. This week recognizes the $22 billion industry's employees, who annually place two million job seekers, and will play a key role in Canada's transformation to a more interconnected and resilient economy.
"ACSESS members are ideally positioned to help advance Canada's economic transformation," explains Randy Upright, National President, ACSESS. "They bring the talent and solutions to diversify and strengthen our domestic, future-focused workforce."
Last year ACSESS members, which include established recruiting, executive search, staffing services and professional staffing firms, generated approximately 80 per cent of the staffing industry's overall revenue in Canada.
"ACSESS members place candidates of all career levels in temporary to full-time positions, which are a strategic fit for the client's business and the job seeker's needs," explains Mary McIninch, Executive Director, ACSESS. "We also represent professional staffing firms on Canadian public policy issues that impact the consulting industry - including IT, engineering, finance, accounting and legal services."
In its recent economic report, Staffing Industry Analysts (SIA) recognized Canada as the least complex staffing market in America, citing its attractive features for contingent labour buyers, such as strong governance, excellent technology, infrastructure and a favourable pricing environment. SIA also noted Canada has the least regulations and legislative restrictions in the world.
"Our staffing market's strong governance and favourable regulatory environment may in part be due to ACSESS' ongoing work and programs to reinforce best practices, ethical standards and workplace safety," says McIninch. The association also advocates for balanced legislation and keeps members on top of changes to protect the mutual interests of their organization, clients, and candidates.
The week-long celebration is endorsed by local dignitaries and Canada's political leaders – from provincial premiers to our new Prime Minister, Mark Carney, for the staffing industry's key role in our economy.
In his message, the Right Honourable Mark Carney notes: "Employment and staffing agencies play an important role supporting Canada's economic prosperity by connecting employers with job seekers."
First introduced in Edmonton in 1980 as "National Temporaries Week," this annual opportunity to celebrate the contributions of the millions of individuals employed by staffing firms was quickly adopted across Canada and in the US. During this special week, now known as "Staffing for Canada Week," staffing firms honour the growing number of associates and candidates whom they work with daily.
Join us in celebrating this special week by giving thanks to all staffing industry employees!
About ACSESSAs the national voice of the recruiting, employment, and staffing services industry, the Association of Canadian Search, Employment & Staffing Services (ACSESS) leads Canada to work. ACSESS advances best practices and ethical standards for the $22 billion staffing industry through advocacy, government relations, professional development, certification, resources and research. Its members provide key services to businesses and offer a broad range of career coaching, planning and employment opportunities to employees. For more information, visit: www.acsess.org
SOURCE ACSESS - Association of Canadian Search, Employment and Staffing Services
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2025/29/c5000.html

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Analysts assess the potential impact of Trump's surprise 50% steel tariffs
Analysts assess the potential impact of Trump's surprise 50% steel tariffs

Yahoo

time26 minutes ago

  • Yahoo

Analysts assess the potential impact of Trump's surprise 50% steel tariffs

-- U.S. President Donald Trump unexpectedly announced on Friday that steel and aluminum tariffs will double to 50%. The move, set to come into effect on June 4, was unveiled during a campaign rally in Pennsylvania. It was later confirmed on TruthSocial and comes amid broader debates around U.S. industrial policy and foreign investment. Analysts are now evaluating the implications of this surprise decision, with most agreeing that the immediate domestic effects may be less severe than the broader geopolitical risks. JPMorgan's Tatsuya Maruyama said the direct impact on major Japanese steelmakers such as Nippon Steel Corp (TYO:5401), JFE Holdings, Inc. (TYO:5411), and Kobe Steel, Ltd. (TYO:5406) is expected to be limited, given that 'the U.S. accounts for about 4% of Japan's steel exports.' Maruyama pointed out in a Monday note that Nippon Steel and JFE export only about 1% of their total shipments to the U.S., while Kobe Steel exports about 3%. Still, he warned that 'rising global protectionism' is a growing concern, noting that a wave of anti-dumping measures and safeguards in regions like South Korea, the EU, and India could further strain global trade dynamics. 'If such countermeasures gain momentum, Japanese steel products may also be targeted and the export environment may worsen,' Maruyama continued. Meanwhile, analysts at BMO Capital Markets believe the sudden tariff hike could jolt domestic markets. 'The doubling of import tariffs, if maintained, is likely to create a panic in the market and trigger a restocking cycle that in our view has the potential to push prices >$1,000/st in the near-term,' the analysts said. However, they believe the spike would be temporary given macro uncertainty and seasonal demand trends. The broker upgraded Nucor (NYSE:NUE) to Outperform but downgraded Algoma Central (TSX:ALC), which it called 'a relative tariff loser.' The aluminum market may be more exposed, according to BMO. The U.S. covers only about 20% of its own aluminum consumption domestically, making it more vulnerable to supply disruptions. 'If tariffs do double, this is expected to put material upside pressure on the Midwest premium (MWP),' BMO wrote, estimating it could reach '$0.75/lb-plus' in theory, although higher aluminum cost will likely weigh on demand and thus offset some upside pressure. That said, the brokerage sees Century Aluminum (NASDAQ:CENX) as well positioned to benefit from a rise in the Midwest premium, while Alcoa (NYSE:AA) could see a negative impact of $1–2 per share, or 4–7%, due to its reliance on Canadian production. Still, BMO expects Alcoa may redirect some of its Canadian output to the EU market. Related articles Analysts assess the potential impact of Trump's surprise 50% steel tariffs Street Calls of the Week VIDEO: How to analyze a stock like a pro with the CEO of HF Foods

‘Mission impossible': Why the Bank of Canada faces ‘risky' June rate decision
‘Mission impossible': Why the Bank of Canada faces ‘risky' June rate decision

Hamilton Spectator

time30 minutes ago

  • Hamilton Spectator

‘Mission impossible': Why the Bank of Canada faces ‘risky' June rate decision

OTTAWA - Few would confuse Hollywood action star Tom Cruise with Bank of Canada governor Tiff Macklem. But while Cruise rides a plane in tailspin to his latest box office smash, some economists say Macklem finds himself in his own high-stakes circumstances with the central bank's interest rate decision on Wednesday. Macklem's mission is to chart a path for interest rates that keeps Canada's economy afloat at a precarious moment without straying from its inflation-taming mandate. 'It really is mission impossible,' said Andrew DiCapua, principal economist at the Canadian Chamber of Commerce. The latest data show price pressures could be building up again in Canada at the same time some economists warn of a tariff-induced slowdown on the horizon, pulling monetary policy in opposite directions. 'The bank really is in a difficult position here, but they really should be resuming rate cuts to get their interest rates lower to somewhere around two per cent, again, to cushion the Canadian economy for what's to come,' DiCapua argued. The Bank of Canada's policy rate stands at 2.75 per cent following a pause at the central bank's last decision in April, snapping a streak of seven consecutive cuts. Most economists expect the central bank will hold rates again on Wednesday. In April, Macklem said the Bank of Canada would pause issuing any formal forecasts and be less forward-looking than usual until it gained more certainty on how the economy would react to ever-shifting tariff threats. President Donald Trump threw a new wrench into the gears of global trade late Friday when he announced plans to double existing tariffs on steel and aluminum entering the United States to 50 per cent starting Wednesday. After Statistics Canada reported a surprisingly strong 2.2 per cent annualized rise in real gross domestic product for the first quarter on Friday, money markets were betting overwhelmingly in favour of another rate hold this week. BMO last week firmed up its call for another hold in response to the latest economic data, now projecting a cut to instead come in July. 'The key point here is that the GDP figures are sending no obvious distress signals so far in 2025,' BMO chief economist Doug Porter said in a note to clients. But the question for some economists isn't what the economy has done — it's what comes next. The Bank of Canada's own surveys of businesses published in early April showed sentiment was 'sharply' lower amid the tariff uncertainty, with many firms putting investment and hiring plans on hold. StatCan said the main reason Canada's economy was growing in the first quarter was because many businesses were trying to rush ahead of the tariffs, ramping up exports and stockpiling inventories. Macklem said at the G7 Finance Ministers' Summit in Kananaskis, Alta., last month that the Bank of Canada was expecting a run-up in economic activity in the first quarter, but that the months that follow 'will be quite a bit weaker.' 'They're really waiting for a shoe to drop, so to speak,' said DiCapua. There were early signs of economic pain in the April jobs figures released last month, with the trade-sensitive manufacturing sector contracting by roughly 31,000 positions and the unemployment rate rising two ticks to 6.9 per cent. A slowing economy usually takes the steam out of inflation as Canadians swap spending for saving, but April inflation data showed underlying price pressures were instead heating up. Cutting interest rates can encourage businesses and consumers to spend — mitigating an economic hit — but also risks fuelling inflationary pressures. 'Outside of the current situation that we're in, I would say that the Bank of Canada should be holding interest rates,' DiCapua said. 'But the data that we are seeing come in, especially through the labour market ... is going to move the Canadian economy into a very weak position that should keep prices at bay. So it's kind of a risky balance here.' Stephen Brown, deputy chief North America economist at Capital Economics, said he expects the central bank will deliver three more quarter-point cuts at every other decision to bring the policy rate down to two per cent before the end of the year. 'Our view at Capital Economics is that it's worth cutting again in June as insurance against those downside risks and try and protect the economy a bit,' he said. There are also 'psychological' reasons for a June cut, Brown argued. Should the Bank of Canada keep rates elevated, businesses and consumers may hold back even more on their spending decisions, which can become a self-fulfilling prophecy that weakens the economy. 'If the bank doesn't cut here, because they're still very concerned about inflation, that's telling businesses and consumers that the bank doesn't necessarily have their back,' Brown said. CIBC chief economist Avery Shenfeld is among those calling for a rate hold this week. He said he sees the case for an interest rate cut too, but doesn't think the Bank of Canada's June decision is its final reckoning. 'No one interest rate decision in isolation would ever be a fatal error one way or the other, but I think the clock will start to tick louder on getting some interest rate relief if the economy remains soft,' Shenfeld said. This report by The Canadian Press was first published June 2, 2025.

In the news today: Cooler week ahead as fires burn by Flin Flon, Man.
In the news today: Cooler week ahead as fires burn by Flin Flon, Man.

Yahoo

time33 minutes ago

  • Yahoo

In the news today: Cooler week ahead as fires burn by Flin Flon, Man.

Here is a roundup of stories from The Canadian Press designed to bring you up to speed... Cooler week ahead as fires burn by Flin Flon, Man. Cooler temperatures and a chance of rain this week is forecasted in a northwestern Manitoba city that's had to evacuate thousands due to wildfire. As of Sunday night, Environment Canada is projecting temperatures in the mid teens to mid 20s over the next week, with a good chance of rain coming next Saturday in Flin Flon. Crews have been trying to keep a blaze burning nearby at bay, as they have said the fire has been contained to outside its perimeter highway. At this time, crews say there have been no structure losses. To date, more than 17,000 people have been displaced by wildfires in Manitoba, including 5,000 from Flin Flon. Here's what else we're watching... Carney, premiers meeting in Saskatoon Canada's premiers are meeting with Prime Minister Mark Carney in person for the first time since the federal election to pitch which major projects they think should get fast tracked. The recent campaign saw Carney vow to slash federal approval times on major infrastructure projects considered to be in the national interest to help make the country an "energy superpower." The full list of big industrial projects they're discussing is being kept secret, since they don't want to send a bad signal about anything that doesn't make the short list. But Ontario Premier Doug Ford says his pick is the Ring of Fire mining project in northern Ontario, while Alberta Premier Danielle Smith says she wants to see the Port of Prince Rupert become a major trade corridor. The first ministers are also expected to discuss breaking down interprovincial trade barriers, which would make it easier to purchase Canadian-made goods from other provinces and territories. Bank of Canada faces 'risky' rate decision Few would confuse Hollywood action star Tom Cruise with Bank of Canada governor Tiff Macklem. But while Cruise rides a plane in tailspin to his latest box office smash, some economists say Macklem finds himself in his own high-stakes circumstances with the central bank's interest rate decision on Wednesday. Macklem's mission is to chart a path for interest rates that keeps Canada's economy afloat at a precarious moment without straying from its inflation-taming mandate. "It really is mission impossible," said Andrew DiCapua, principal economist at the Canadian Chamber of Commerce. The Bank of Canada's policy rate stands at 2.75 per cent following a pause at the central bank's last decision in April, snapping a streak of seven consecutive cuts. Most economists expect the central bank will hold rates again on Wednesday. Ontario to limit debate on controversial Bill 5 Ontario Premier Doug Ford's government is moving to shut down debate on its most controversial piece of legislation this session, one of a plethora of bills getting the fast-track treatment before the legislature rises for a summer break. A mining law known as Bill 5 that would give the government power to suspend provincial and municipal laws for chosen projects in areas deemed to have economic importance – and remove some endangered species protections – has sparked a lot of opposition. A legislative committee heard from First Nations leaders and environmental groups, as well as mining groups, over two days and as the committee was considering amendments last week the NDP and Liberals used procedural tools to grind the process to a halt, in protest. Government house leader Steve Clark is now stepping in to limit further committee time and require the bill to go back to the house for third reading, with just one hour of debate, and a final vote that same day. While Bill 5 got two days of committee hearings, the six other pieces of legislation the government is speeding up have had no hearings, and will have as little as half an hour of third-reading debate, with just nine minutes each allotted to the two recognized opposition parties. Hockey players' sex assault trial continues The sexual assault trial of five former members of Canada's world junior hockey team is expected to hear today whether another one of the players will take the stand. Alex Formenton's legal team is expected to tell the court whether they will call any witnesses, including their client. Another accused, Carter Hart, testified over two days last week, which included one day of cross-examination by the Crown. Formenton, Hart and their ex-teammates Michael McLeod, Dillon Dube and Callan Foote have pleaded not guilty to sexual assault. The trial centres on an encounter with a woman inside a London, Ont., hotel room in the early hours of June 19, 2018. This report by The Canadian Press was first published June 2, 2025. The Canadian Press

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store