Labour market is key to Canada’s resilience

But there’s still work to do

While the labour market is strong overall, it’s not working for everyone.

The Prairies are still feeling the effects of low oil prices, so unemployment is higher in that region.

Nationwide, many employers can’t find people with the right skills for the jobs that are available.

And groups like women, Indigenous peoples and new immigrants face barriers to joining the work force.

The more people who are active in an economy’s labour market, the greater the potential to create wealth without sparking inflation. That benefits everyone and makes growth more long-lasting.

News – Bank of Canada