2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Financial Solutions
• SME – Business Process Change
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. Agenda
Youth Unemployment Rate
Job Recovery / July 2020
Youth Employment – OECD
Job Recovery / Canada
Education / Grads
Student Loans
Jobs and Vacancies
Government F/S – Social Development
Audits / Social and Youth Programs
WE Charity
What’s next?
6. Affordability
• Inflation is slowly creeping out due to rise of commodity prices. The Liberals policies have failed to
make things more affordable for Canadians - https://www.slideshare.net/paulyoungcga/affordability-
cost-of-living-canada
8. Job Recovery /
Canada
Path Forward
More emphasis required on reshaping supply chain management
- https://www.slideshare.net/paulyoungcga/how-best-to-reshore-
supply-chains
Education needs to be better aligned with the jobs of the today
and tomorrow -
https://www.slideshare.net/paulyoungcga/human-capital-
management-skills-and-education
Automation will grow size and importance -
https://www.globenewswire.com/news-
release/2020/07/08/2059408/0/en/Industrial-Automation-Market-
Size-to-Hit-USD-296-70-Billion-till-2026-Increasing-Adoption-of-
Advanced-Technology-to-Bolster-Growth-Fortune-Business-
Insights.html or
https://www.businesswire.com/news/home/20200612005132/en/
Global-Robotic-Process-Automation-Market-2019-2025
Government policies need to be re-vamp to better support
startups - https://www.slideshare.net/paulyoungcga/canada-
whats-next-for-small-business
Hoteling / Businesses will be on the rise along with virtual
meetings -
https://www.businesswire.com/news/home/20200626005010/en/C
OVID-19-Impact-Recovery-Analysis--Global-Augmented-Reality
10. Employment and Social
Development
Source -
https://www.canada.ca/en/e
mployment-social-
development/corporate/rep
orts/departmental-
results/2016/financial-
statements.html
11. Post-Secondary Education
Colleges and Universities are still charging full tuition - https://globalnews.ca/news/7298255/coronavirus-
ontario-post-secondary-tuition-fees/
Entry-level market for college grads has been hammered due to COVID19
https://www.cbc.ca/news/business/covid-19-jobs-1.5680550
Green Economy - https://financialpost.com/opinion/ross-mckitrick-ditch-the-fashionable-green recovery-plans
@cafreeland subsidizing money-losing businesses is not the way to grow an economy. The focus should be on
getting goods to market, tax and regulations reform, infrastructure, and delivery social program with value for
money!
GDP - https://www.slideshare.net/paulyoungcga/gdp-canada-real-truth-august-2020
Deficit - https://www.slideshare.net/paulyoungcga/fiscal-management-and-performance-audit-canada
12. Auditor –
General
Education / Youth -
https://www.cbc.ca/news/politics/audit-canada-
student-loans-1.5432110
Unpaid student loans -
https://www.ctvnews.ca/politics/auditor-finds-2-
4b-in-unpaid-student-loans-says-feds-must-step-
up-recovery-efforts-1.5015665
Audit of Financial Assistance / Students -
https://www.oag-
bvg.gc.ca/internet/English/parl_oag_202007_02_e
_43573.html
13. Student Loans
Source – Stats Canada
• ½ of students had debt prior to COVID19 - https://www150.statcan.gc.ca/n1/daily-
quotidien/200825/dq200825b-eng.htm
• Debt issues by students impact their cash flow which can impact consumer spending -
https://www.slideshare.net/paulyoungcga/retail-sales-canada-june-2020
14. WE Charity
Government jobs fund - $900 M
WE charity was to administer the program of $900 at a cost of
$19.5M to administer the program -
https://www.huffingtonpost.ca/entry/we-charity-liberal-
government-contracts_ca_5efe409ec5b6acab284d55f6
There would be no oversight into the program as this
would be 3rd party entity -
https://www.slideshare.net/paulyoungcga/the-role-of-
operational-and-performancebased-auditing-on-
government-and-the-private-sector
There are always programs administer by the government
– Canada Summer Job Program -
https://pm.gc.ca/en/news/news-
releases/2020/04/08/changes-canada-summer-jobs-
program-help-businesses-and-young
WE Charity provided annual report audits, but no where do
they discuss performance audits -
https://www.cbc.ca/news/politics/pandemic-student-we-
charity-trudeau-1.5633674 or
https://www.wecharity.org/about-we-charity/financials-
and-governance/annual-reports/
15. What’s next
The federal government will need to phased out CERB as part of
support economic growth -
https://www.slideshare.net/paulyoungcga/policy-analysis-guarantee-
income
The focus should on policies that support good quality jobs -
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-
global-economy-august-2020
Education and training need to be better align with jobs of today and
tomorrow - https://www.slideshare.net/paulyoungcga/labor-market-
canada-june-2020
All government programs related to youth need to be review for their
effectiveness - https://www.slideshare.net/paulyoungcga/the-role-of-
operational-and-performancebased-auditing-on-government-and-
the-private-sector
All levels of government need to work with the private sector to
support GDP growth -
https://www.slideshare.net/paulyoungcga/transforming-the-
economy-postcovid19-canada-and-the-world
Technology will play have enormous role with Economic Growth -
https://www.slideshare.net/paulyoungcga/technology-what-needs-
to-happen-for-canada-and-the-world