Economics
Here's Why Poloz Is Fixated on Canada's Youth Labor Force
- Participation rate for 15-24 year olds reaches two-decade low
- For Bank of Canada governor, category holds key to rate timing
A student learns precision metalwork on a milling machine at the vocational training centre in Montmagny, Quebec.
Photographer: Christinne Muschi/Bloomberg
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While Canada’s recent growth surge has been a welcome development, it’s bringing to light a new set of problems: the country may run out of workers to keep the momentum going.
Participation rates -- the proportion of the population either working or looking for work -- are running up against historical highs in every age category except one: youth.