Bank of Canada admits immigration a factor in youth unemployment
Macklem noted that the “magnitude of the rise in youth unemployment” could be attributed to the country’s rapidly changing “demographics.”
Bank of Canada Governor Tiff Macklem acknowledged the toll that Canada’s international student visa program has taken on the country’s youth, and their ability to find work.
In a new report from the central bank on Canada’s labour market, Macklem noted that the “magnitude of the rise in youth unemployment” could be attributed to the country’s rapidly changing “demographics.”
