Canada’s population boom led to a talent windfall, but the country has no idea how to use it. Statistics Canada (Stat Can) data revealed much better-than-expected job gains in August 2023. However, those job gains failed to keep up with the population growth, ultimately softening the labor market. It may get a lot worse soon, with Stat Can estimating Canada needs to add about 50k jobs per month to maintain the strength of the current market. That would imply a near-record needs to be hit every single month.
