Companies that have laid off workers are telling the Bank of Canada they plan to refill some positions over the next year, but many hiring plans remain muted over COVID-19-related uncertainty.
released today suggests many service sector and energy companies don't expect a return to pre-pandemic employment levels.
About one-third say they have used a federal wage subsidy to reduce or avoid layoffs, while other firms looking to rehire or hire new staff cited an emergency federal benefit for workers as a hurdle to their plans.The worry among workers about losing their job rose to the highest level seen in the central bank's survey of consumer expectations, released alongside the business outlook.
As well, workers' expectations of how easily they could find new work dropped to the lowest level since the 2015 oil price shock. Consumers' expectations for wage growth were below what they anticipated for inflation, while the outlook for growth in household income dropped to its lowest level in the survey's history.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
COVID-19 scare sees Latvia-bound troops turn around, return to CanadaA military plane carrying Canadian troops to Latvia was forced to turn around because of concerns those on board might have been exposed to COVID-19.
Read more »
Canada buying 140,000 blood tests to begin immunity testing of COVID-19The info will guide governments in deciding what public health measures to enforce if, or when, a second wave of COVID\u002D19 begins to arrive in Canada
Read more »
Canada weeks away from first glimpse at true rate of COVID-19 infectionsThe national immunity task force has started testing thousands of blood samples for COVID-19 antibodies and should be able to produce a more detailed picture of how many Canadians have been infected with the novel coronavirus within a couple of weeks.
Read more »
10/3 podcast: The slow return to flying as Canada emerges from COVID-19 lockdown
Read more »
Migrant workers in Canada stage multi-city action for full status amid COVID-19 risksMany of these workers have been on the front lines of the COVID-19 pandemic and are calling on Ottawa for more rights and protections
Read more »