Canadian Manufacturers & Exporters (CME) | September 20th, 2022 – OTTAWA
Canadian Manufacturers & Exporters (CME) is calling on the federal government to immediately adopt a robust plan to support their sector as Parliament resumes after its summer break amid continuing labour shortages and stubbornly high inflation numbers.
Statistics Canada released two economic benchmark numbers today, which showed inflation dropped slightly this month to 7 per cent from 7.6 per cent, while job shortages in manufacturing hit another record high of 85,870 in the second quarter up from 85,480 in the first quarter.
These figures come as Canada’s economy is still struggling to recover from the coronavirus pandemic amid predictions of a mild recession in 2023.
“Today’s numbers show us that much more work needs to be done to address these troubling numbers, and the work needs to be done right now,” said Dennis Darby, President and CEO of CME. “Although these figures show the Bank of Canada’s actions in raising interest rates are helping, manufacturers need more help, and they need it now.”
Read the full article at the link: https://cme-mec.ca/blog/manufacturers-want-action-as-inflation-and-labour-shortages-remain-high/