Maybe a sign that a lot of Canadians retire with not quite enough money to support themselves in a comfortable manner comes from the September job numbers.
Job growth in the 55+ age group saw a record monthly increase in September, gaining 61,000 jobs, which accounted for most of the gain in employment nationally.
And there were more of that age group looking for work as that number also broke out to a new record high.
The other important statistic at play was the growth in self-employed Canadians, which on face value does add to the employment gains, but also may be a sign that the behind the scenes job creation numbers in the private sector may not be robust, forcing many to rely on their own skills.
However, all in all, the gain of 67,200 in September was well above expectations and now has given us back-to-back good months going into the fall season.
B.C., long the job creation engine that was the driver of Canadian employment, has now levelled out, and with the pull back in the real estate industry may start to lose jobs in the months to come.
And one final item, with the stronger employment numbers the Bank of Canada will certainly not be looking to cut interest rates any time soon.