An economic rebound that leaves behind parts of the Canadian labour force in the short term could end up jeopardizing the recovery from COVID-19 in the long run, Canada’s top central banker says.
Bank of Canada governor Tiff Macklem said the pandemic has widened divides in the country that could worsen further without the right response.
The longer people hit by the pandemic are out of work, he said, the harder it will be for them to find new jobs and the more likely they are to give up looking for work.
The combined effects on workers and businesses could weigh down the economy,…
