– The economy is rocketing further away from recession, increasing the chances that the Bank of Canada will lift borrowing costs more aggressively than expected later this year.
– The energy industry, particularly on the oil side, is rebounding and there are concerns that, once again, there will be a burst of new projects and a shortage of tradespeople in the West. That could set off a labour bubble similar to the frenzied 2004-08 period, leading to sky-high wage costs and the mass importing of workers from outside Western Canada.
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