What Labour Shortage? Canada Has A Record Low Number Of Job Vacancies

“…And BMO chief economist Doug Porter says the numbers cast serious doubt on the notion that Canada is suffering from a labour shortage — the main argument used by the government and others to push for the continuation of the controversial TFW program.

We have long been skeptical that labour shortages are a major problem in Canada, aside from some sectors in Alberta and perhaps Saskatchewan. The latest job vacancy figures cast further doubt,” Porter wrote in a client note.

“If there were truly pressing shortages, one would expect to see job vacancy tallies grinding higher as the jobless rate trends down, especially in some skilled trades sectors. Just the opposite has unfolded in the past year.”