Economy

Canada’s Strong Jobs Market May Have Seen Its Best Days

As the Canadian economy remains stuck in quicksand, its labour market has become one of the few bright spots.
Canada’s Strong Jobs Market May Have Seen Its Best Days
Construction workers in Montreal in a file photo. The Canada Revenue Agency has launched a new strategy to combat non-compliance with its taxation regime. The Canadian Press/Ryan Remiorz
Rahul Vaidyanath
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NEWS ANALYSIS

As the Canadian economy remains stuck in quicksand, its labour market has become one of the few bright spots. But while job growth is robust, wage growth remains tepid due to the secular problems plaguing the economy, namely an uncompetitive business environment relative to the United States.
The Bank of Canada said relatively little about the labour market in its quarterly monetary policy report on April 24, but its governor Stephen Poloz said he believes “there could be something fairly profound underway” regarding the dichotomy between the labour market and overall economic growth.
Rahul Vaidyanath
Rahul Vaidyanath
Journalist
Rahul Vaidyanath is a journalist with The Epoch Times in Ottawa. His areas of expertise include the economy, financial markets, China, and national defence and security. He has worked for the Bank of Canada, Canada Mortgage and Housing Corp., and investment banks in Toronto, New York, and Los Angeles.
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