Desperation has paved the way for a rise in fraudulent job scams across Canada. The severity of the situation has reached a point where the Canadian Anti-Fraud Centre issued an alert on August 25th.
This alert serves as a warning to people about the growing prevalence of job opportunity scams that unscrupulously target those in search of employment.
The global economy is currently facing significant turmoil due to the aftermath of the pandemic. Countries around the world are grappling with the economic repercussions, leading to widespread challenges.
The consequences of this are evident as individuals are experiencing job losses, resulting in a surge in unemployment rates. Within Canada, the unemployment rate slightly rose from 5.4% in the previous month to 5.5% in July 2023.
This increase was in line with expectations from the market and marks the third consecutive escalation to levels last observed in January 2022. This trend reflects a certain softening in the Canadian labor market.