National Bank of Canada says base case is unemployment rate to remain elevated for up to 4 years

National Bank of Canada is the sixth largest commercial bank in Canada.

• Project the jobless rate will remain higher than the pre-cov1 COVID-19 level for 3 to 4 years

via Reuters report

I don't know about the timeframe out that far, but yes the u/e rate will only come down slowly and keep the BoC in easing territory for a good while yet.