As the Canadian dollar appreciated, it became a headwind for some industries in the non-commodity export sector. This, in turn, reinforced incentives for capital and labour to shift to commodity-producing sectors and regions. Indeed, workers migrated in large numbers to regions of the country that were benefiting from job creation in the natural resource sector. The oil boom in Alberta provides the strongest example.
In this situation, corporate sentiment continues to improve. Regarding the employment condition, there are some indicators that suggest a slowdown of decrease in the number of employees.