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Francis Fong Economist Toronto, Ontario November 27, 2011

Francis Fong Economist Toronto, Ontario November 27, 2011. Ontario’s Skilled Labour Challenge. CANADA BABY BOOMERS WILL RETIRE OVER TIME. AND SKILL REQUIREMENTS KEEP RISING. LESS THAN HALF OF CANADIANS HAVE POST-SECONDARY EDUCATION. INCOME IS A MAJOR BARRIER TOWARDS HIGHER EDUCATION.

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Francis Fong Economist Toronto, Ontario November 27, 2011

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  1. Francis Fong Economist Toronto, Ontario November 27, 2011 Ontario’s Skilled Labour Challenge

  2. CANADA BABY BOOMERSWILL RETIRE OVER TIME

  3. AND SKILL REQUIREMENTS KEEP RISING

  4. LESS THAN HALF OF CANADIANS HAVE POST-SECONDARY EDUCATION

  5. INCOME IS A MAJOR BARRIERTOWARDS HIGHER EDUCATION

  6. FIRMS FINDING IT DIFFICULT TO FIND NEEDED SKILLED LABOUR

  7. CRITICAL TO THE LONG-TERM PROSPERITY OF CANADIANS

  8. SOLUTION WILL INVOLVESEVERAL FACTORS • Better utilization of under-represented groups and closing earnings and labour market gaps: • Immigrants • Women • Aboriginals • People with disabilities • Older workers • Improving access to post-secondary education, especially for those in lower-income brackets • Stronger focus on innovation

  9. TD Economics www.td.com/economics This reportis provided by TD Economicsfor customers of TD Bank Group. It is for information purposes only and may not be appropriate for other purposes. The report does not provide material information about the business and affairs of TD Bank Group and the members of TD Economics are not spokespersons for TD Bank Group with respect to its business and affairs. The information contained in this report has been drawn from sources believed to be reliable, but is not guaranteed to be accurate or complete. The report contains economic analysis and views, including about future economic and financial markets performance. These are based on certain assumptions and other factors, and are subject to inherent risks and uncertainties. The actual outcome may be materially different. The Toronto-Dominion Bank and its affiliates and related entities that comprise TD Bank Group are not liable for any errors or omissions in the information, analysis or views contained in this report, or for any loss or damage suffered.

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