CHARTS: Mining slowdown worsening job prospects in Canada
A sustained rout in commodity prices continues to hamper job prospects in the Canadian mining sector, especially in resource-dependent provinces, such as Alberta, Saskatchewan, New Brunswick, and Newfoundland and Labrador.
While the shock has certainly been the largest for oil-producing regions, the knock-on effects from the drop in capital investment in Canada’s oil sands has rippled through to other industries and provinces.
But Canada’s Mining Industry Human Resources Council (MiHR) warns that the current situation may be better than it seems, as the size of employment in the country’s resources sector has always been particularly sensitive to economic cycles and tends to fluctuate over time.
See it for yourself:
* Charts taken from MiHR presentation at the PDAC 2016 Convention of The Prospectors & Developers Association of Canada, held this week in Toronto.