News Release: Issued by Provincial and Territorial Ministers of the Forum of Labour Market Ministers Provincial and Territorial Labour Market Ministers Call on Federal Government to

News Release: Issued by Provincial and Territorial Ministers of the Forum of Labour Market Ministers Provincial and Territorial Labour Market Ministers Call on Federal Government to Reinstate the $625 million in Labour Market Transfer Funds Cut in Budget 2024. [...] Provincial and Territorial labour market ministers call the federal decision to cut $625 million from labour market transfers extremely disappointing and warn of the damaging implications it will have on Canadian workers and their families. [...] Recognizing the responsibility of provinces and territories for workforce development, the federal government established labour market transfers in the 1990s to provide provinces and territories with funding —primarily sourced from Employment Insurance premiums, not general revenues — for regional employment and skills development programs that help over one million Canadians annually. [...] In response to provincial and territorial concerns that labour transfer funding had not increased in more than 20 years, the federal government provided an additional $625M to provinces and territories in 2017 and committed to the renegotiation of the transfer agreements. [...] Earlier this year, the Honourable Randy Boissonnault, Federal Minister of Employment, Workforce Development and Official Languages met with labour market ministers in Winnipeg where he affirmed that labour market transfers “empower provinces and territories to take responsibility for skills and labour market development”.