The Bill Kelly Show Podcast:
According to OCC’s 2023 Ontario Economic Report, labour shortages continue to dominate as a source of concern directly impacting most employers. Yet, the light at the end of the tunnel is unfortunately far away. Baby boomers are retiring, causing additional strain on an already tight labour market. The number of babies born in Canada fell to a nearly 15-year low in 2020. And, while the federal government is making efforts to increase the number of immigrants to Canada, we are far behind, and not using all the tools at our disposal. Ontario continues to face massive labour shortages across a variety of industries. This will intensify organizations’ needs to look at ways to upskill and re-skill their current talent. The workforce of tomorrow will require nimble training options and fewer barriers to labour mobility across Canada and internationally.
GUEST: Rocco Rossi, President and CEO of the Ontario Chamber of Commerce
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It may sound like a circular argument, but the only way to stop inflation is to stop companies from raising prices. And the only way to stop that is to get inflation under control. And that could mean an end to the interest rate hike pause.
After Tuesday's latest release of inflation data, warnings from Bank of Canada governor Tiff Macklem in his testimony to parliament last week offer a stark reminder of how difficult, but how essential, it is to convince the sellers of goods and services to stop raising prices.
While overall inflation has eased to 5.9 per cent, that's still high. Groceries are up another 11.4 per cent.
GUEST: Moshe Lander, Senior Economics Lecturer with Concordia University
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What’s happening with Roxham Road?
GUEST: Tasha Kheiriddin, Principal at Navigator and Author of The Right Path