There was little change in the number of recipients of Employment Insurance in January compared to the previous month, except in Alberta.

Data from Statistics Canada shows that there were 567,900 people receiving the benefit, up 0.3 per cent from December and up 3.7 per cent (20,300) in the 12 months to January.

Part of the change in the annual figure was likely due to a change in policy which came into effect in July 2016.

The change in Alberta was a decrease of 6,100 in January compared to December. The 6.2 per cent drop was the first significant decrease since September 2014, except for August 2016 which saw a large decrease following policy changes.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate


More market watch: