With an ongoing trade war and jobless numbers rising, Prime Minister Mark Carney announced a host of economic measures Friday that are designed to boost and restructure the Canadian economy.
Training and jobs
Carney said Ottawa would spend $450 million on training programs to help re-skill 50,000 workers over the next three years. The money will go to existing Employment Insurance retraining programs and will include skills training, wage subsidies and career counselling.
New job numbers out Friday show the country’s unemployment rate has hit 7.1 per cent, the highest it has been since 2016, not including the pandemic years. Carney pledged $50 million to improve the government’s online job bank, and announced changes to Employment Insurance, giving long-tenured workers 20 extra weeks of