Canada’s comeback: Turning the skills crisis into a competitive advantage

Stoking growth with critical skills After more than a decade of middling growth, Canada’s economy grew at an annualized rate of 3.7 percent in the first quarter of 2017, significantly outpacing the 1.2 percent of real GDP growth in the United States for the same period.1 Executives are optimistic about their business prospects, with many predicting both revenue and profit growth over 2016. However, Canadian leaders expressed deep concern about their ability to both find necessary skilled resources across labor markets and maintain the skills of current workers. To redress the skills challenge, both public and private sector ecosystem partners must work together.