The construction sector contributed to the employment gains which added 24,600 jobs in the month. The net new employment in October 2022 saw a year-over-year gain to 472,000.
The aviation sector faced a downturn during the pandemic time. Now, with increasing inflation and interest rates, the sector may again fluctuate up and down.
With the pandemic seemingly coming to an end, the industrial sector is hopeful.
In Canada, the industrial sector has historically had a major market capitalization. Despite market volatility, presently, the industrial sector jumped by 3.5 per cent on a quarter-to-date (QTD) basis.
Post-pandemic, the conditions for air travel have eased out. Further, the development and approval of multiple vaccines have paved the way to recover from the crisis.
Let us talk about some TSX industrial stocks that long-term investors can explore.
Michael Rousseau, Air Canada's chief executive officer (CEO), said that the last three months were difficult for Air Canada.
Though the real GDP reportedly remain unchanged in May, the transportation and warehousing sector expanded by 1.9 per cent, Hence, let us look at this TSX transport stock.
This TSX Railway stock declared a quarterly dividend of C$ 0.19 and posted a revenue growth of seven per cent in Q2 2022 compared to Q2 2021
This TSX rail transportation company reported its Q2 2022 financial results on July 26 and also declared a quarterly dividend, Let us get a detailed view of its business performance in the latest quarter