Canada’s high job vacancy rate means immigration will be even more critical to the labour market in the future

Canada’s unemployment rate is at a record low of 5.1%, resulting in significant worker shortages. Job vacancies are more than 80% higher than they were pre-pandemic. These vacancies are in large part due to Canada’s aging population. More than one in five working age Canadians are approaching retirement age. This impact is compounded by Canada’s […]

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