Regulatory Alerts2026-05-26
Added · Updated
Canada’s labour market: between cycles and structural change
Bank of Canada External Deputy Governor Nicolas Vincent delivered remarks on May 26, 2026, analyzing the Canadian labour market's shift from cyclical fluctuations to structural transformations. The speech identifies three critical trends: low labour market turnover, historically high long-term unemployment, and severe employment challenges for young people. Vincent emphasizes that distinguishing between temporary economic swings and permanent structural changes is essential for the Bank to effectively conduct monetary policy and address issues like skill mismatches and demographic shifts.
Topics
monetary
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