Here is a look at wage growth and inflation

1. Wages and Inflation
– Canada - October
2018
Paul Young CPA, CGA
December 20, 2018

2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Internal Controls
• SME – Financial Planning and Analysis
• SME – Business Strategy
• SME – Emerging Technology
• SME – Financial Solutions
• SME – Business Process Change
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. Agenda
• Wages by Sector
• Wage Growth per year (Liberals)
• Wages Stagnation
• Blog – Business Costs
• What’s next
3

4. Wages by
Sector vs
Inflation
Source -
https://www150.statcan.gc.ca/
n1/daily-
quotidien/181220/dq181220b-
eng.htm
4

5. Wages by
Sector vs
Inflation
Source -
https://www150.statcan.gc.ca/
n1/daily-
quotidien/181220/dq181220b-
eng.htm
5

6. Wages
Stagnation
• Source -
https://pressprogress.ca/bill-
morneau-says-canadians-
are-seeing-the-strongest-
wage-growth-in-years-the-
data-shows-thats-not-true/

7. Wages
Stagnation
• Source -
https://pressprogress.ca/bill-
morneau-says-canadians-are-
seeing-the-strongest-wage-
growth-in-years-the-data-shows-
thats-not-true/
7

8. Wages /
Business
Costs
• @OFLabour that thinks more taxation will
create private sector business.
• https://www.slideshare.net/paulyoungcga/on
tario-fair-working-place-and-better-jobs
• https://www.slideshare.net/paulyoungcga/is
sues-facing-the-ontario-economy-20182905
• @Unifor The Union is just as bad with their
$15 minimum wage issue. Yet Magna
Automotive said Ontario’s is too costly -
http://canada.autonews.com/article/201802
26/CANADA/180229853/magna-ceo-blasts-
ontario-labour-laws-electricity-rates

9. What’s
next
• 2019 will see CPP hikes which likely will
slow wage growth in 2019 -
https://www.cfib-fcei.ca/en/tools-
resources/national-rate-changes
• Liberals will push out their mandatory
carbon tax/pricing as such CPI could rise in
2019
• Liberals continue to drive out FDI with their
new taxation and excessive regulations.
• There needs to be a rural area strategy to
attract people to work and live in rural
areas.
• GDP is expected to grow only at 1.9% for
2019
• 80% of the middle class are paying higher
taxes. Brain drain is becoming a big issue.
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