Canada – Weak job creation in Ontario, Quebec and Atlantic provinces is a big risk to the economy

Job Market Monitor

Finance Minister Joe Oliver was warned in a meeting Monday with top Bay Street economists that Canadas economy is at risk unless there is more job creation in central and eastern Canada. Canada flag

One of those economists, Douglas Porter, chief economist at BMO Capital Markets, told reporters after their meeting with Oliver that Alberta alone has accounted for 80% of the entire countrys new jobs in the last year. Porter said current high oil prices will likely only worsen that concentration of job growth.

A healthier economy is one which would see steady job growth across different regions and different sectors, Porter said.

The meeting was part of the finance ministers annual budget planning cycle.

Chosen excerpts by Job Market Monitor. Read the whole story at Sun News : Weak central Canada a big risk to Canadas economy: Experts.

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