For seniors, for example, it could mean either that they are happily extending their working lives or that they need to work longer because they are not fully prepared for retirement. Still, when you look at all the indicators, you can see that the labour market has been, and continues to be, a source of resilience for the Canadian economy.
A solid, secure job is the primary basis for consumer confidence and household spending, which is the primary engine of growth of any economy. 2/5  BIS central bankers' speeches  That said, it is also plain to see that there is still work to do. Sectoral weakness in the Prairie provinces and in Atlantic Canada remains a concern.