Canadian Job Vacancies Collapse To 8-Year Low, Diverging From US: BMO
Cracks are forming under the surface of Canada’s job market. The country’s job vacancy rate has plunged to an 8-year low, and well below the pre-pandemic rate. The problem looks even more serious when contrasted with the American labor market, warns BMO Capital Markets. Canada’s plunging job vacancy rate isn’t getting much attention with recent employment gains, but it’s a potential headwind that will amplify any economic shock.
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