Strategies for Canadians facing unemployment [Video]

Are you facing uncertainty in your current job or career field?

Losing a job can be overwhelming, both emotionally and financially, requiring you to pivot and make calculated changes to get your life and finances back on track.

Whether you’ve recently been laid off or are worried about potential job cuts, it’s important to take proactive steps to manage your money. From creating a realistic budget to exploring new income opportunities, there are several strategies that can help you regain financial control and reduce stress.

Below, I’ll offer a few key financial tips, including how to build an emergency savings plan, up your skills, and expand your network to make your job search smoother.

Assess your current financial situation

In September, data from Statistics Canada revealed that the unemployment rate dropped slightly for the first time in 2024, with over 47,000 new jobs added to the economy.

While it may be a sign of good things coming in the future, the …