Here is a deep dive into the labor market for Canada.

1. Labor Market – Canada
– June 2020
PAUL YOUNG CPA CGA
JULY 10, 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
 June 2020 Jobs
 November 2015 to June 2020 – Job
Creation
 Job Quality
 Unemployment Rates by Country
 Post Covid-19 / Human Capital
 Analytics and Human Capital Planning
 What’s next

4. June Employment - Canada
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/200710/dq200710a-eng.htm

5. Middle Class
 Household debt is an enormous issue for the middle class -
https://www.investmentexecutive.com/news/research-and-
markets/statistics-canada-says-key-household-debt-ratio-
rose-in-the-first-quarter/
 Carbon tax went up in April 2020 -
https://nationalpost.com/news/canada/april-1-in-canada-
federal-carbon-tax-jumps-50-and-mps-salaries-grow-2-1
 Groceries costs going up -
https://www.dal.ca/news/2019/12/04/your-groceries-are-
getting-more-expensive--dalhousie-s-agri-food.html
 Automation -
https://www.forbes.com/sites/shahinfarshchi/2020/04/10/e
xpect-more-jobs-and-more-automation-in-the-post-covid-
19-economy/#2fad891329b4
 Remote employees -
https://www.fool.com/millionacres/real-estate-
investing/articles/hoteling-safely-can-help-offices-reopen-
and-stay-open/

6. Unemployment Rates by
country
 G20 and Caribbean - http://www.jamaicaobserver.com/the-agenda/g20-refuses-to-give-
caribbean-a-fighting-chance_196167?profile=1096
 Canada has one of the worse unemployment rates within the G20 -
https://tradingeconomics.com/country-list/unemployment-rate?continent=g20
 Job quality continues to be an issue - https://www.pwc.com/gx/en/issues/trust/common-
purpose/why-good-jobs-matter-in-the-post-pandemic-world.html
 More offices likely will move to hoteling model as part of post covid19 -
https://www.fool.com/millionacres/real-estate-investing/articles/hoteling-safely-can-help-
offices-reopen-and-stay-open/
 More and more people will be working from home which means transit will need to be
repositioned - https://globalnews.ca/news/7101358/coronavirus-commuting-economic-impacts/
 Cities may look at working from home tax, i.e. business licenses require to work from home -
https://www.westernstandardonline.com/2020/07/calgary-looking-at-taxing-home-businesses/

7. Post Covid19 /
Human Capital
 Refocusing education as part of pushing people to
jobs of today and tomorrow
 https://www.slideshare.net/paulyoungcga/huma
n-capital-management-skills-and-education
 Phasing out CERB as part of supporting people re-
entering the workforce.
 https://www.slideshare.net/paulyoungcga/policy
-analysis-guarantee-income
 All levels of government need to focus on economic
development
 Supply Chain -
https://www.slideshare.net/paulyoungcga/how-
best-to-reshore-supply-chains
 Post Covid19
https://www.slideshare.net/paulyoungcga/transf
orming-the-economy-postcovid19-canada-and-
the-world

8. Resilient Countries
Source - https://www.industryweek.com/leadership/media-gallery/21132788/top-10-resilient-countries or https://fmglobalpublic.hartehanks.com/AssetDisplay?acc=11FM&itemCode=P17062 or
https://www.fmglobal.com/research-and-resources/tools-and-resources/resilienceindex/explore-the-data/? https://www.fmglobal.com/research-and-resources/tools-and-resources/resilienceindex/explore-the-data/?
1. Norway
2. Switzerland
3. Denmark
4. Germany
5. Sweden
6. Finland
7. Luxembourg
8. Austria
9. USA – Zone 3 – (Midwest/ Central
States
10. USA – Zone 1 – (Texas, NY and
Atlantic States)
Canada is rank #16 – UK and France are ranked higher within the G7.
• Scandinavia has very high tax and cost of living -
https://www.slideshare.net/paulyoungcga/2019-election-
canada-vs-scandinavia-august-2019
• China economy is rebounding -
https://news.cgtn.com/news/2020-06-11/Post-COIVD-19-
era-Recovery-of-the-Chinese-economy-is-strong-
ReVXm273by/index.html
• World is facing a job crisis -
http://www.oecd.org/employment-outlook/2020/
• There will be movement to push the green agenda -
https://www.slideshare.net/paulyoungcga/canada-green-
economy-july-2020
• Automation will likely step up its game -
https://www.slideshare.net/paulyoungcga/technology-what-
needs-to-happen-for-canada-and-the-world
• Restructuring of both businesses and government -
https://www.slideshare.net/paulyoungcga/how-to-reform-
local-and-municipal-government

9. Analytics
and Human
Capital
Planning

10. What’s next
 Governments need to start to slowly phased out
their stimulus as part of supporting GDP growth -
https://www.slideshare.net/paulyoungcga/canada-
gdp-april-2020
 Governments will lack fiscal capacity to provide more
stimulus -
https://www.slideshare.net/paulyoungcga/canada-
fiscal-snapshot-july-2020 or
https://www.slideshare.net/paulyoungcga/debt-
consumer-government-and-corporate-debt-crisis or
https://www.slideshare.net/paulyoungcga/state-and-
local-government-united-stats-what-needs-to-
change
 Realignment of education as part of re-training
workers for jobs of today and tomorrow.
https://www.slideshare.net/paulyoungcga/human-
capital-management-skills-and-education

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.udemy.com/
(search Paul Young CPA
CGA