those where women's share in employment as of 2019 is above their average share for all industries ( 47. 6 % ). † " resources " includes forestry, fishing, mining, and oil and gas. sources : statistics canada and bank of canada calculations this unevenness across sectors is disproportionately affecting lower - income jobs ( chart 2 ). remote work tends to be possible in higher - paying occupations. jobs in the service industries most affected tend to be lower - paying, part - time and with fewer benefits. chart 2 : the declines in employment were greatest for low - wage workers change in employment from february to april 2020 by weekly earnings, not seasonally adjusted, monthly data % - 5 - 10 - 15 - 20 - 25 - 30 - 35 - 40 - 45 less than $ 500 $ 500 to $ 799 change in employment by weekly earnings sources : statistics canada and bank of canada calculations $ 800 to $ 1, 199 $ 1, 200 or more change in employment for all earnings - 4these jobs tend to be held by women and youth. women make up 47 percent of the labour force but about 56 percent of the accommodation and food sector. young people aged 15 to 24 make up about 40 percent of that sector — more than three times their share of the labour force. before the pandemic, the labour participation rate for women was closing a longstanding gap with men. that trend has reversed. the female participation rate fell during the containment period and is not recovering as quickly as the male participation rate in most age groups ( chart 3 ). chart 3 : more women than men have dropped out of the labour force change in participation rates by age and gender between february and august 2020, seasonally adjusted, monthly data percentage points 1. 0 0. 5 0. 0 - 0. 5 - 1. 0 - 1. 5 - 2. 0 - 2. 5 all ages ( 15 + ) 15 – 24 25 – 54 men 55 + women sources : statistics canada and bank of canada calculations the closing of schools and daycares kept many parents at home, especially women, who tend to take on more of the responsibility for child care ( chart 4 ). how quickly this can be turned around depends on how the reopening of schools plays out and whether at - home learning arrangements allow parents to work. - 5chart 4 : among parents, mothers have seen a greater decline in hours worked and a slower recovery than fathers change in total hours worked

- term liquidity facilities has declined, and the uptake on our provincial and corporate bond - buying programs has been modest. the provincial and corporate bond programs will continue as announced. the bank stands ready to adjust our short - term liquidity facilities as market conditions warrant. well - functioning credit markets and considerable monetary policy stimulus have supported growth through the reopening phase. in fact, we ’ ve seen more household spending — particularly on goods and housing — than we were expecting, largely reflecting the release of pent - up demand. exports are also recovering as foreign demand picks up, although they remain below prepandemic levels. despite this good news, the members of governing council still expect the recuperation phase to be slow and choppy. we don ’ t expect the strong rebound we ’ ve seen to continue at the same pace in the months ahead. business confidence and investment remain subdued. more fundamentally, uncertainty about the future course of the pandemic will continue to restrain the economy, particularly in sectors that involve close contact. and the pandemic itself is accelerating several structural challenges, some of which i mentioned earlier, to which the economy will need to adjust. the governing council also discussed inflation and its outlook. with cpi inflation close to zero, and downward pressure coming from energy prices, travel services and economic slack more generally, we expect inflation to stay well below the - 11 2 percent target in the near term. our core measures of inflation have drifted slightly lower, consistent with the unused capacity in the economy. so, we agreed that as the economy shifts from reopening to recuperation, it will continue to need extraordinary monetary policy support. this is how we can help bring the economy back to its capacity and help get people working again. the governing council will hold the policy interest rate at the effective lower bound until economic slack is absorbed so that the inflation target is sustainably achieved. to reinforce this commitment and keep interest rates low across the yield curve, the bank is continuing its large - scale asset purchase program at the current pace. this qe program will continue until the recovery is well underway and will be calibrated to provide the monetary policy stimulus needed to support the recovery and achieve the inflation objective. thank you.