12 July 2011

The Bank also noted that 57% of the firms surveyed are planning to hire new workers over the next year. Only 4% expected to have fewer employees over the next year.

It’s interesting that 25% of firms faced certain difficulties with finding workers and were quite limited to meet the demand. In the same time, the central bank said there were fewer firms with labour shortages – even below the survey average.

Next week the Bank of Canada governor Mark Carney will make another interest rate announcement. But, despite the latest survey and good employment report, many economists believe the Bank’s key lending rate will remain the same – 1%.