TLDR 27 Years of Financial Advice in 11 Minutes
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Aug 13, 2025 Rob Carrick, a personal finance columnist for The Globe and Mail with 27 years of experience, shares invaluable insights before his retirement. He discusses the daunting job market for new graduates, analyzing the disconnect in job opportunities and the need for adaptability. Carrick also emphasizes automating savings as a pathway to wealth for younger generations. The conversation touches on the rising costs of coffee and explores potential alternatives while blending humor with essential financial advice. Perfect for anyone eager to navigate the complexities of modern finance!
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Recent Grads Face Unusually High Unemployment
- Recent college grad unemployment in Canada is sharply higher and near multi-decade highs.
- The gap versus overall unemployment is the widest in 30 years, signalling real labour-market stress for new grads.
AI Is Overblamed For Hiring Weakness
- AI is frequently blamed but adoption remains limited and can't explain the whole slowdown.
- Other factors like a tech hiring reversal and big immigration-driven labour supply increases matter too.
Job Openings Have Rebalanced By Sector
- Job openings have shifted sharply by sector: software postings fell roughly 30% in five years.
- Medical and education roles have surged, with technician and physician postings up significantly.