Ottawa: Canadian government on Friday said that it has currently a better economy than Covid-19 pandemic hit the nation as it recovered 112 per cent of the jobs lost at the outset of the pandemic.

“Our unemployment rate in February 2022 was at 5.5 per cent, which is lower than it was prior to the pandemic. Despite our unemployment rate hitting near-record lows, some businesses are still struggling to find workers. This is a problem in Canada and around the world, but a strong and prosperous economy requires a diverse, talented, and constantly growing workforce. And yet, too many Canadians still face barriers to finding meaningful and well-paid work,” officials said.

In Budget 2022, the government is putting in place important measures that will help address these issues and meet the needs of our workers, our businesses, and the Canadian economy so that it can keep growing stronger for years to come.

Meanwhile, Canada’s Budget 2022 proposes to introduce a Labour Mobility Deduction, which would provide tax recognition on up to $4,000 per year in eligible travel and temporary relocation expenses to eligible tradespersons and apprentices. This measure would apply to the 2022 and subsequent taxation years.

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Ottawa: The Canada has witnessed a significant rise in employment in August which was caught up to pre-pandemic levels, according to the latest Labour force survey.

The employment rose to 90, 000 and this rise has brought Canada’s employment upto 156, 000 employees short of February 2020 levels.

Statistics Canada’s data showed that from August 15 to 21most regions in Canada had rolled back public health measures to near-final stages while border had also been opened for full vaccinated tourists from US, expending tourism industry for the first time since March 2020.

The data shows that employment mainly increases in services producing industries, mostly in accommodation and food services while information, culture and recreation industry also witnessed a significant rise. Besides, construction workers also increased for the first time since the pandemic.

The Ontario, Alberta, Saskatchewan and Nova Scotia have witnessed a rise in employment and all other provinces had little or no change.

Meanwhile, unemployment was at its lowest rate since March last year when the pandemic hit at 7.1 per cent.

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