coronavirus pandemic could signal longer-term problems for the country’s labour market, the Bank of Canada says.The central bank’s quarterly survey on consumer expectations showed that respondents believed they were less likely to find a new job if they lost their current one.Although respondents were less concerned about losing their current jobs, they were also less likely to leave their job voluntarily, suggesting that Canadians remain concerned about the health of the job market.Bank of Canada officials wrote that people appear unwilling to change jobs until the situation normalizes.
That means less “moving up” between jobs that the bank warned could weigh on future wage growth and lead to lower productivity that would impact the.