Canada’s high job vacancy rate means immigration will be even more critical to the labour market in the future

As Canada rebounds from the COVID-19 pandemic, it is increasingly reliant on immigration to fill large gaps in the labour force.

Canada’s unemployment rate is at a record low of 5.1%, resulting in significant worker shortages. Job vacancies are more than 80% higher than they were pre-pandemic.

These vacancies are in large part due to Canada’s aging population. More than one in five working age Canadians are approaching retirement age. This impact is compounded by Canada’s low birth rate of only 1.4 children per woman. This birth rate is not high enough to replace those who are retiring

source : cicnews