to an estimated 13.9 per cent, says a new analysis from the Canadian Centre for Policy Alternatives.
If three-quarters of those 2 million potential job losses take place ― what the analysis calls “the realistic case” ― Toronto would lose some 261,000 jobs, Montreal would lose 192,000, and Vancouver would see 140,000 jobs disappear, Macdonald found.In this scenario, youth unemployment jumps from 10.4 per cent currently, near a record low, to around 33 per cent.
“Wednesday’s announcement of the Canada Emergency Response Benefit is a critical step towards supporting workers, and highlights how inadequate and bureaucratic the employment insurance system was in normal times,” Macdonald wrote in the analysis.
Economic migration stops right here.
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