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The recovery of the Canadian labour market is well under way. The unemployment rate (ILO definition) fell by more than one percentage point to 7.2% in June 2012, since peaking at 8.5% in the third quarter of 2009.
Canada has weathered the global economic crisis comparatively well but will have to become more productive to sustain its high standard of living, according to OECD’s latest Economic Survey of Canada.
This study examines trends in and key features of policies and programmes used by governments to support innovation in the business sector.
A. Gurría said that attracting enough high-skilled candidates for some countries may require introducing elements of supply, as well as demand-driven migration in their immigration regimes.
The global recovery is becoming self-sustained and more broad-based but is taking place at different speeds across countries and regions. Tackling high unemployment, fiscal consolidation and global imbalances remain the key challenges, says OECD Secretary-General.
"Canada and the OECD have been working together for five decades to produce better policies for better lives. We must use this partnership to reshape the global economy according to new values of inclusiveness, environmental respect and creative interdependence", said Mr. Gurría.