Former Bank of Canada governor Stephen Poloz delivers a keynote address to a business conference, Thursday, November 24, 2022 in Ottawa. Photo by THE CANADIAN PRESS/Adrian Wyld

Former Bank of Canada governor Stephen Poloz said Canada’s struggling labour market is facing pressure on several fronts, including hiring freezes brought on by trade uncertainty, the attrition of baby boomers entering retirement and the rise of artificial intelligence.

“I think that’s an important thing we’re seeing in the numbers, the freezing plus the attrition,” said Poloz, now special adviser to Osler, Hoskin & Harcourt LLP, during a webinar on Thursday. “And I have to add another, which is technology.”

Poloz noted the direct impact on jobs in industries that are trade sensitive, notably autos, steel a

See Full Page