Here is my look at the job quality for Canada

1. Job Quality – Canada –
November 2020
Paul Young CPA CGA
December 17, 2020

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
• Employment Analysis – November 2020
• Job Vacancies – 1Q20 vs New Employment
• Above Average Wage
• Competitiveness
• Skills gaps
• Career Management

4. Employment Analysis – November 2020
Canada’s employment rose by 0.3% in November, following an increase of 0.5% in October. From May to
September, employment grew by an average of 2.7% per month
My analysis
https://www2.slideshare.net/paulyoungcga/employment-labour-market-canada-november-2020 or RBC Report -
http://view.website.rbc.com/?qs=34a98a350a99bc49420d95df883bd7244800c2219f2f808bd1f31bc95b40bc9b189016b9945a
b142401fbdaa653de0105e150c3df0fc1304cd777e979701901df9414ca9e3bbd0fd

5. Job Vacancies / 1Q20
Source – Stats Canada - https://www150.statcan.gc.ca/n1/daily-quotidien/201215/dq201215e-
cansim-eng.htm

6. Above the Average Wage
1. There retail and hospitality sector have been hammered by COVID19. The recovery for both retail and hospitality will be very painful -
https://www2.slideshare.net/paulyoungcga/retail-sales-consumer-spending-canada-september-2020 or https://www2.slideshare.net/paulyoungcga/hospitality-
sector-canada-and-the-world
2. There is a job quality issue in Canada. The goods-producing sector has only produced 92K net new jobs from Nov/15 to February 2020. Goods-producing
jobs pay on average 30-40% more than the service sector
https://www2.slideshare.net/paulyoungcga/middle-class-canada-december-2020 or https://www2.slideshare.net/paulyoungcga/how-do-you-fix-income-
inequality-and-poverty
3. Retraining for the next generation of jobs will be very costly. Technology and skills trade jobs required many years of schooling and certification -
https://www2.slideshare.net/paulyoungcga/skill-trades-and-apprenticeship-canada-analysis
4. Canada needs to re-think their immigration strategy - https://www2.slideshare.net/paulyoungcga/policy-review-october-2020-immigration-and-refugees-
canada

7. Competitiveness
• Corporate taxation needs to be competitive and they are now. If Singh was serious about tax reform, then he would go after
tax havens and reform the code. https://www.slideshare.net/paulyoungcga/closing-down-of-tax-havens
• Singh goal of raising corporate tax rates by 50% is the wrong approach. Source -
https://www.slideshare.net/paulyoungcga/how-to-fix-competitiveness-through-government-policy or
https://www.slideshare.net/paulyoungcga/closing-down-of-tax-havens
Source - https://www.nationalobserver.com/2020/11/04/news/ndp-
wealth-tax-pandemic-%20economic-recovery-Singh-Jagmeet

8. Skills Gaps
• Cybersecurity -
https://www.itworldcanada.com/sponsored/is-
your-organization-ready-to-tackle-the-cyber-skills-
gap
• 8/10 Canadian Manufacturers -
https://www.bnnbloomberg.ca/eight-in-10-
canadian-manufacturers-face-skills-shortage-
report-1.1530327
• Costly changes to EI and training programs -
https://www.collegesinstitutes.ca/news-
centre/news-release/how-supporting-skills-and-
training-can-fuel-a-resilient-recovery/
• Here is my work on skills development -
https://www2.slideshare.net/paulyoungcga/h
uman-capital-management-skills-development-
analysis-and-commentary

9. Career
Management
The provinces and federal government need to re-
think their job training strategy including better
targeting educational support as part of re-aligning
the workforce to jobs of today and tomorrow
Here is my work on career management for both Canada
and the United States
https://www2.slideshare.net/paulyoungcga/2021-and-
beyond-career-management-canada-and-the-united-states-
november-2020

10. Summary
• The focus on all level of government should be on policies that will encourage FDI and innovation - https://www2.slideshare.net/paulyoungcga/2019-election-
innovation-and-rd-canada-2014-to-2017
• More focus on tax policies in areas of environment including CCA as part of capital investment in areas like waste management or CO2 recapturing or energy
production or other areas - https://www2.slideshare.net/paulyoungcga/how-to-best-support-a-circular-economy
• Re-thinking the green reset to ensure there is more balance between environmental/climate change policy and supporting economic growth -
https://www2.slideshare.net/paulyoungcga/natural-resources-canada-how-best-to-get-goods-to-market or https://www2.slideshare.net/paulyoungcga/getting-
goods-to-market-what-needs-to-happen-by-all-levels-of-government
• Technology will drive automation and changes on how the public sector and private sector will operate in the new normal for both the Canada and the World
Economy - https://www2.slideshare.net/paulyoungcga/policy-analysis-business-startups-enterpeneurs-canada-and-the-world
• Look at better ways to manage the power grid including solutions that are viable without direct government grants -
https://www2.slideshare.net/paulyoungcga/electricity-analysis-canada-and-the-world
• Fixing the systemic issues facing getting goods to market, i.e. over regulation, tax reform, carbon tax, etc. - https://www2.slideshare.net/paulyoungcga/how-
to-reshore-supply-chains
• Reforming the size of government - https://www2.slideshare.net/paulyoungcga/reforming-the-public-sector-for-canada-all-levels-of-government

11. Other Sources
• If you like to learn
more about trade
and/or other
subjects as part of
your professional
learning and
development then
feel free to review
my material on
https://www.udem
y.com/ (search Paul
Young CPA CGA