Book an Appointment

Bank of Canada governor calls on the Government of Canada to boost immigration

Bank of Canada governor Tiff Macklem called for an increase in immigration to compensate for the labour shortage that has caused many job vacancies across the country. At a Conference on Diversity, Equity and Inclusion in Economics, Finance and Central Banking in Ottawa, he warned against further interest rate hikes unless more workers could be found. He pointed out that due to the persistent labour shortage, businesses have been unable to meet consumer demands. With job vacancies at an all-time high and companies citing a widespread lack of personnel, it is evident that the Canadian economy has reached overheating levels. As production struggles to keep up with insatiable customer demand, prices are bound to increase accordingly.

Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third party embeds. For complete information about the cookies we use, data we collect and how we process them, please check our Privacy Policy
Consent to display content from - Youtube
Consent to display content from - Vimeo
Google Maps
Consent to display content from - Google
Consent to display content from - Spotify
Sound Cloud
Consent to display content from - Sound
Get Free Assessment
Service Menu
Quick Links
Book an Appointment