Canada announces investments to bolster economy, workforce

The Government of Canada has announced several initiatives intended to bolster its economy and build a more confident workforce. These include a $5B investment into a new Strategic Response Fund, a $450M investment through Labour Market Development Agreements to retrain and upskill 50,000 workers, as well as a $50M investment into a project involving eCampus Ontario and the Skills Council of Canada to modernize its online job tools. “We are charting an economic strategy to move Canada from reliance to resilience, from uncertainty to prosperity,” said Prime Minister Mark Carney. Advocacy groups such as Colleges and Institutes Canada and Colleges Ontario noted the importance of investing in retraining and upskilling workers in a period of economic uncertainty and emphasized the role that the postsecondary sector plays in this process.