Roberts Nash Advisory Group

Canada: Worst Labour Shortages Since 2006

From our Economics and Strategy Team "....the balance of opinion on the intensity of labour shortages surged to a 12-year high. That, coupled with earlier reports of skills mismatch adds to evidence that the Canadian labour market is now at full employment. Firms reported a slight easing in credit conditions, which was confirmed by the separately-released Senior Loan Officer's survey for 2018Q3 (also conducted by the central bank). Note that the Business Outlook Survey was conducted from August 23rd to September 17th, or before the USMCA trade deal was struck. So, the largely positive results likely understate the current enthusiasm of Canadian firms. All in all, the Bank of Canada would be justified by the data to step up monetary policy normalization."

Full Report

** I have prepared this commentary to give you my thoughts on various investment alternatives and considerations which may be relevant to your portfolio. This commentary reflects my opinions alone, and may not reflect the views of National Bank Financial Group. In expressing these opinions, I bring my best judgment and professional experience from the perspective of someone who surveys a broad range of investments. Therefore, this report should be viewed as a reflection of my informed opinions rather than analyses produced by the Research Department of National Bank Financial **

Add new comment

Filtered HTML

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <blockquote> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.