Tiff Macklem turns tables on critics, calls on politicians, employers to boost supply of skilled labour

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Bank of Canada governor says immigration, investment in workers is needed to tackle mismatch between talent and jobs on offer. Read more.

Macklem and his deputies on Governing Council have faced considerable criticism for both letting inflation get away from them, and then attempting to recover from that mistake byOver the past week, Macklem has subtly turned the tables, calling on the business community to invest in workers to tackle the mismatch between available talent and the jobs on offer.Article content

organized by the Public Policy Forum in Toronto. “Businesses need to invest in training so we can reduce the skills mismatch. And workers need to invest in gaining the skills the new economy needs.”Article contentMacklem described a win-win situation, noting that the strength of the labour market not only benefited recent immigrants, but he also pointed to data that suggest immigration targets will account for over two-thirds of expected growth in Canada’s potential output.

 

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