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.”

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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.”