Key facts
- RBC economist Nathan Janzen highlights labor market headwinds in Canada.
- Record numbers of Canadians are retiring.
- This trend is expected to cause a labor crunch.
Nathan Janzen, assistant chief economist at Royal Bank of Canada, spoke with Financial Post's Larysa Harapyn about the challenges facing Canada's labor market. He highlighted that a significant number of Canadians are retiring, which is creating headwinds for the labor supply. This demographic shift, with record numbers of people leaving the workforce due to retirement, is projected to lead to a labor crunch in the country.