The stronger employment recovery in Canada than the US seems to reflect several factors including wage subsidies, less immediate pressure on the finances of regional governments, and the faster re-opening of schools. But with new restrictions imposed this month amid rising cases of COVID-19, and the value of the wage subsidies recently reduced, this employment outperformance looks set to end.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services