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2014 OECD Economic Surveys: Canada 2014

image of OECD Economic Surveys: Canada 2014

OECD's 2014 Economic Survey of Canada examines recent economic developments, policies and prospects. Special chapters cover housing in Canada and the labour market and skills mismatch.

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Overcoming skills shortages

Skills shortages have developed in certain fields and regions in recent years. Earnings premiums for people in some professions, notably health, engineering and skilled trades have increased. And vacancy rates have risen for skilled trades, with the increase being particularly large in Alberta and Saskatchewan. While reforms have been implemented to strengthen adjustment so as to overcome these shortages, there is still room to go further by improving labour market information, increasing responsiveness of the education and training system to labour market demand, making the immigration system more reactive to current labour market conditions and reducing regulatory barriers to inter-provincial labour mobility.

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