Immigration.ca - Canada Immigration News - August 2008
The province of Quebec is facing a drastic shortage of workers in the near future, according to a study released this month by the Desjardins Group, one of Canada�s largest financial institutions.
The study shows that the impending retirement of the baby boom generation will leave a hole in the labour force that could have massive impacts on Quebec�s economy. Whereas this ominous forecast is not unusual in Canada, this study has raised new alarm due to its conclusion that neither increased birth nor immigration rates will be able to offset the phenomenon.
Quebec is particularly vulnerable as it was the province to experience the highest birth-rates in Canada during the baby boom. Furthermore, Quebec has been losing ground when it comes to immigration when compared to other provinces.
However, the report issued by Desjardins did include recommendations to ease the situation. For example, providing more flexible daycare services and easing labour laws to make retirement less appealing to workers.
There is some good news for workers in the province. Unemployment rates are expected to continue to decline, which should, if what happened during Alberta�s recent boom is any indication, should coincide with a rise in wages.
Source: The Globe and Mail
