Employers were seeking to fill 1,001,100 positions at the beginning of April, a nearly 45 per cent increase from a year earlier. Learn more.
Rising vacancies and wages signal mounting inflationary pressures at a time when the Bank of Canada is wrangling to get it under control. It’s already embarked on an aggressive interest rate hiking path, bringing the policy rate to 1.5 per cent in a matter of four months from a pandemic low of 0.25 per cent.Article content
“What that means is you can slow demand, you can reduce that demand for labour, and that reduces those unfilled jobs without actually putting someone out of work,”. “If we can slow demand and bring it back into balance with supply, and we do think we are going to get reasonably good supply growth, we can bring those two things into balance and have the economy growing and bring inflation into balance.
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