Persistent labour shortages are helping drive up costs.
At 3.8 per cent, Canada’s inflation rate for 2021 is expected to rank 6th highest among 35 IMF advanced economies.
An OECD study suggested a 3 per cent COVID-related lifetime loss in income.
Contributions to unemployment insurance savings accounts would remain the personal property of the account holder.
Federal government spending is expected to increase by more than 68 per cent in 2020-21.
Some workers remain unemployed because the benefits are generous.