Canada’s unemployment rate hits 3-year low

Alimentation Couche-Tard CEO says he’s optimistic about some of its largest territories as the fuel retailer works to restore economic stability to those locations. In an interview with CNN, Brian Hannasch said the company’s…

Canada's unemployment rate hits 3-year low

Alimentation Couche-Tard CEO says he’s optimistic about some of its largest territories as the fuel retailer works to restore economic stability to those locations.

In an interview with CNN, Brian Hannasch said the company’s operations in the United States have recovered from labour shortages because recent changes to U.S. tax laws have boosted the companies’ cash flow.

Hannasch said the company can no longer afford to employ many of the employees that it did prior to the changes.

Canada also experienced a labour shortage, but is now back in recovery mode, he said.

“The worst of the labour issues are behind us. It’s starting to improve in the country,” Hannasch said.

The CEO said a moderate level of the labour shortage still remains for non-union locations in Quebec, Ontario and Alberta.

“What we do have here is that we have a limited number of resource the day-to-day,” he said.

“Because, we have fewer resources, we spend more time, effort and money to make sure that we fill our stock. So, that may mean we have a one-per-cent or two-per-cent variation in the level of sales per store.”

Hannasch told CNN he can’t say with certainty when the labour crunch is over.

“It depends on where you are in the country and the type of business you are in. But I think, as time goes on, we’ll start to see some normalcy in our supplies, definitely. That’s my hope.”

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