Young people looking for a way out of dead-end employment represent the next generation of skilled workers.
“Skills gap” will be exacerbated by thousands of baby boomer retirements by the end of the decade.
Victor Dodig believes eventual growth will be driven by tech-savvy entrepreneurs for all sectors of the economy.
SMEs employs close to eight million Canadians and account for 54% of all wages paid.
Report calls for better aligning education and training to labour market needs.
Lacking innovation support for Canadian manufacturers is also identified as major barrier.
Survey shows 71% of employers note responsibility to provide training programs but only 29% offer them.
Current skills shortages reflect supply and demand imbalances in specific jobs in certain locations.
Survey says manufacturers still concerned with lacking national strategy towards productivity, skills gap and trade.
Boston Consulting Group says skills gap unlikely to prevent resurgence in US manufacturing.