The document discusses skills gaps and training in Canada. It notes that the skills gap is costing economies billions due to lost productivity. Both the US and Canada are facing shortages in technical skills like IT. As baby boomers retire, their skills are leaving the workforce. Government training programs exist but may need to be modified to better align with employer needs. Teaching coding to youth and increasing online education options could help close skills gaps in Canada.
2019 Election| Skills Management| Career and Employment| Canada| September 2019paul young cpa, cga
The role of government is defined the educational programs required to support the economy. Too many govts across Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
It is not one policy that supports human capital management but many policies
2019 Election| Careers Skills Training Education| Canada | May 2019 paul young cpa, cga
This document summarizes key issues related to skills development and training in Canada. It discusses the skills gap facing many employers and how this impacts productivity. Government training programs are outlined along with challenges around aligning education with job needs both currently and in the future. Specific regions like Hamilton, Ontario face challenges in developing skills for trades jobs. Multiple resources and blogs on topics like career management, soft skills, and online education are also referenced. Overall the document calls for a coordinated strategy between government and private sector to ensure Canadians have skills for today's and tomorrow's jobs.
2019 Election| Human Capital and Skills Management| May 2019paul young cpa, cga
For companies and government to be successful means they need to look at hard at their policies and programs to support development of their employees.
2019 Election| Human Capital and Skills Management| June 2019paul young cpa, cga
More emphasis on trades
Education needs to push people into math, sciences, trades and IT fields
All level governments need to stopped finding ways to tax people. The emphasis on government should be value for money
All levels of governments and the private sector need to work together on integrated strategy to ensure people are prepared for jobs of today and tomorrow
Ontario needs to eliminate the skill trades college
Immigration should not be based on a quota but tied to economic growth.
All levels of government need to streamline their regulations.
For companies and government to be successful means they need to look at hard at their policies and programs to support development of their employees.
Skills Gap - Canada - Commentary and Analysis - September 2018paul young cpa, cga
The role of government is defined the educational programs required to support the economy. Too many govts across
Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
Education| Skills and Development| Human Capital Management| Canada| May 2019paul young cpa, cga
The role of government is defined the educational programs required to support the economy. Too many govts across Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
The document discusses skills gaps and training in Canada. It notes that Canada is facing shortages in skilled trades as baby boomers retire, and that the skills available often do not align with the needs of employers. It discusses various government programs and policies around job training, immigration, and education to help address skills gaps. However, it argues that Canada needs a more comprehensive strategy that improves career counseling, better aligns post-secondary education with future jobs, and creates a more competitive environment for businesses in order to effectively develop the skills needed for the future workforce and economy.
2019 Election| Skills Management| Career and Employment| Canada| September 2019paul young cpa, cga
The role of government is defined the educational programs required to support the economy. Too many govts across Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
It is not one policy that supports human capital management but many policies
2019 Election| Careers Skills Training Education| Canada | May 2019 paul young cpa, cga
This document summarizes key issues related to skills development and training in Canada. It discusses the skills gap facing many employers and how this impacts productivity. Government training programs are outlined along with challenges around aligning education with job needs both currently and in the future. Specific regions like Hamilton, Ontario face challenges in developing skills for trades jobs. Multiple resources and blogs on topics like career management, soft skills, and online education are also referenced. Overall the document calls for a coordinated strategy between government and private sector to ensure Canadians have skills for today's and tomorrow's jobs.
2019 Election| Human Capital and Skills Management| May 2019paul young cpa, cga
For companies and government to be successful means they need to look at hard at their policies and programs to support development of their employees.
2019 Election| Human Capital and Skills Management| June 2019paul young cpa, cga
More emphasis on trades
Education needs to push people into math, sciences, trades and IT fields
All level governments need to stopped finding ways to tax people. The emphasis on government should be value for money
All levels of governments and the private sector need to work together on integrated strategy to ensure people are prepared for jobs of today and tomorrow
Ontario needs to eliminate the skill trades college
Immigration should not be based on a quota but tied to economic growth.
All levels of government need to streamline their regulations.
For companies and government to be successful means they need to look at hard at their policies and programs to support development of their employees.
Skills Gap - Canada - Commentary and Analysis - September 2018paul young cpa, cga
The role of government is defined the educational programs required to support the economy. Too many govts across
Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
Education| Skills and Development| Human Capital Management| Canada| May 2019paul young cpa, cga
The role of government is defined the educational programs required to support the economy. Too many govts across Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
The document discusses skills gaps and training in Canada. It notes that Canada is facing shortages in skilled trades as baby boomers retire, and that the skills available often do not align with the needs of employers. It discusses various government programs and policies around job training, immigration, and education to help address skills gaps. However, it argues that Canada needs a more comprehensive strategy that improves career counseling, better aligns post-secondary education with future jobs, and creates a more competitive environment for businesses in order to effectively develop the skills needed for the future workforce and economy.
The role of government is defined the educational programs required to support the economy. Too many govts across Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
Education across Canada have seen improvement in graduation rates.
Education is not being aligned in terms of the jobs today as well as the future
Too many students lack critical thinking, interpersonal skills, time management and judgement
Too many students have been treated as special when in the fact the real world does not treat anyone special
There are systemic issues with programs being offered at the secondary level. There needs to be more emphasis on financial planning, biology, IT, chemistry, writing and physics.
This document provides an overview and outlook on careers and jobs in demand for 2019 and beyond. It discusses forecasts for strong hiring and job growth from organizations like Manpower. It also notes the need for governments to better align education with current and future job needs. The document then provides an agenda outlining topics to be covered, including GDP and economic outlooks, discussions of middle class issues, job vacancy statistics, employment data, and lists of in-demand careers for both the United States and Canada. Risk factors for economies like taxation, government spending, consumer demand and business investment are also mentioned.
Real truth - Canada and United States - GDP - January 2018paul young cpa, cga
GDP is key measurement for a country. Allot is said about GDP, especially by various government. The reality is government gets to much credit for booming economy and too much fault for recession.
There are many factors drive GDP including taxation, business returns, consumer spending and government spending. 2/3 of economies tend to be driven by consumer spending. If you set policies that takes more money out people’s pocket book then that will lead to less consumer spending.
Canada no longer has the fastest growing economy in the G-7 - http://www.gbm.scotiabank.com/English/bns_econ/forecast.pdf
The document is a summary and analysis of Canada's GDP and job market by Paul Young, CPA. It discusses various factors that influence GDP, including government spending, consumer spending, taxation and business returns. While governments often take credit for strong economies, 2/3 of GDP is typically driven by consumer spending. Higher taxes can reduce consumers' disposable income and lead to less spending. The document analyzes GDP and employment data from various periods under Liberal and Conservative governments in Canada. It argues the Liberals' policies of tax increases and canceled pipelines have negatively impacted GDP growth and job opportunities compared to under the previous Conservative government.
Government Policy - Education and Skills Development - Canada - April 2018paul young cpa, cga
Education across Canada have seen improvement in graduation rates.
Education is not being aligned in terms of the jobs today as well as the future
Too many students lack critical thinking, interpersonal skills, time management and judgement
Too many students have been treated as special when in the fact the real world does not treat anyone special
There are systemic issues with programs being offered at the secondary level. There needs to be more emphasis on financial planning, biology, IT, chemistry, writing and physics.
The document provides an economic scorecard for the Liberal Party of Canada by Paul Young, a CPA and expert in various fields including academia, risk management, and public policy. It analyzes key economic indicators such as GDP, jobs, wages, competitiveness, and the fiscal management of the Liberal government. The analysis finds that the Liberals have failed to live up to many of their 2015 election promises and have not improved Canada's economic performance or global competitiveness compared to the previous Conservative government.
This presentation will discuss careers in demand for 2019 and beyond.
Manpower predicts strong hiring through 2019 - http://blog.careerbeacon.com/canadian-employers-say-this-spring-will-be-a-great-time-for-finding-a-new-job/
All level government need to do a better job aligning education with current and future jobs https://www.slideshare.net/paulyoungcga/government-policies-education-skills-development-canada-november-2017
The presentation will also look at risk factors to economies, i.e. taxation, government spending, consumer demand and business investment.
Liberal Party of Canada and PM Trudeau - Fiscal and Economic Scorecard - 2017paul young cpa, cga
Government role is to support social program as well as policies that will support economic growth
The Liberals since they took office their focus has been on social issues which are being driven by agenda 2030 -https://www.slideshare.net/paulyoungcga/what-is-agenda-2030
Trudeau said he would run modest deficits which has not
Trudeau has failed on major planks of his 2015 election campaign
Trudeau has caused tensions with countries like India, Australia, China, Philippines, etc.
This document provides a summary of Paul Young's views on income inequality and potential solutions. It notes that income inequality is an issue around the world and Canada has a relatively average level of inequality compared to other OECD countries. Paul argues that consumption taxes disproportionately hurt low to middle income earners. He believes the best solutions are job creation, improving education, reducing tax havens, reforming trade practices, and stopping one-off policy proposals rather than comprehensive reforms.
The document summarizes skills gaps and government policies around education and skills development in Canada. It outlines that there is a gap between the skills employers require and those available from workers. This skills gap costs the Canadian economy billions annually. The document also reviews several government training programs and policies around increasing skills in areas such as information technology. Issues facing skills development include an aging workforce and a lack of graduates in fields like engineering and information technology.
2019 Election| Retirement| Payroll Tax| CPP | Canada| August 2019paul young cpa, cga
Here is a review of CPP including the fact CPP is payroll tax. The only difference between CPP and Income tax is that CPP goes to specific fund that the government cannot touch directly.
The Building a New Michigan Plan is a fact-based roadmap to help Michigan become a “Top Ten” economic competitor by 2020. It is the successor to Business Leaders for Michigan's Michigan Turnaround Plan (MTP), which was designed to restart economic growth after the Great Recession.
“Thanks to the support of the public, policy makers, business and community leaders, much of the MTP has been accomplished, with positive results—new jobs, higher incomes and a growing population. Now that we’ve shored up our economic foundation, it’s time for us to get building,” said Patrick Doyle, Domino’s President & CEO and BLM Board Chair.
Doyle said while the state’s economic growth has been promising, there is much more to be accomplished.
“The Great Recession hit Michigan harder than any other state, so while our recent growth has been impressive, we’re still not where we should be in absolute terms,” Doyle said. “The Turnaround Plan headed us in the right direction. The new plan is designed to complete the mission of getting us to become a Top Ten state.”
If Michigan was performing like a Top Ten state today, there would be 120,000 more Michiganders working and $11,000 more income per person annually.
This presentation will discuss careers in demand for 2018.
All level government need to do a better job aligning education with current and future jobs https://www.slideshare.net/paulyoungcga/government-policies-education-skills-development-canada-november-2017
The presentation will also look at risk factors to economies, i.e. taxation, government spending, consumer demand and business investment
This document provides an overview and agenda for a presentation on careers in demand for 2019 and beyond. It discusses GDP and economic outlooks, top careers in the United States and Canada according to recent statistics, including jobs in information technology, healthcare, financial analysis, and skilled trades. It also addresses issues around middle-class jobs, technology impacts on certain careers, and factors affecting youth employment and entry-level positions.
2019 Election| Job Quality and Employment| Canada | June 2019paul young cpa, cga
This document analyzes employment trends in Canada from December 2015 to June 2019 using data from Statistics Canada. It finds that employment growth has primarily been in the services sector while goods-producing jobs have increased by only 6% since 2015. Specific provinces like Ontario and Alberta are discussed. Issues like precarious employment, brain drain, and compensation in the public vs private sector are also addressed. Solutions proposed include improving skills training, attracting foreign investment, and reforming taxation and government service delivery.
Human Capital and Workforce Planning| Canada and the Worldpaul young cpa, cga
Blog – Human Capital and Workforce Planning – Canada and the World
Canada economy has been struggling for years due to excessive taxation and regulations.
Jobs of today and tomorrow requires many years of education and skills certification
A good chunk of jobs will be automated as part of business process changes.
Immigration needs to be better tied to economic growth.
1. Job crisis – https://www.brightermonday.co.ug/discover/how-to-beat-the-unemployment-crisis-after-the-covid19
2. At risks jobs to automation - https://www.workandmoney.com/s/dying-professions-83f89af396e34d92
3. Automation - https://www.businessnewsdaily.com/9835-automation-tech-workforce.html
4. Certification - https://www.simplilearn.com/highest-paying-jobs-in-canada-article
5. Housing - https://www.noradarealestate.com/blog/housing-market-predictions/
6. FDI and Canada - https://www.advisor.ca/news/industry-news/foreign-direct-investment-crimped-by-covid-statscan/ (Decline with FDI in the goods-producing sector)
7. Competitiveness - https://financialpost.com/news/economy/labour-shortages-competitiveness-and-inflation-the-key-risks-to-canadas-economy
8. Inflation - https://www.bnnbloomberg.ca/economics/video/the-cost-of-everything-is-going-up-fast-and-we-re-in-it-for-the-long-haul-derek-holt~2384980
9. Middle class - https://www.fraserinstitute.org/studies/measuring-the-impact-of-federal-personal-income-tax-changes-on-middle-income-canadian-families-since-2015
10. Placement rates - https://www.ontario.ca/page/college-graduation-satisfaction-and-job-rates
11. Debt crisis - https://www.devex.com/news/world-bank-says-debt-crisis-in-lower-income-nations-is-alarming-102662
12. Soft skills demand - https://hr.economictimes.indiatimes.com/news/workplace-4-0/5-soft-skills-needed-in-2022-and-why-do-they-matter-in-the-workplace/89649862
Human Capital Management - Skills, Education, Wages, Careers, and Job Vacanci...paul young cpa, cga
Nearly 50% of the job vacancies pay less than the average wage
Wages are growing at 3.5% rate as compared to inflation which is over 6%
There are challenges facing affordable housing
Education needs to better align with jobs of today and tomorrow
All levels of government need to address issues with productivity
All levels of government need to address issues with supply chain
The role of government is defined the educational programs required to support the economy. Too many govts across Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
Education across Canada have seen improvement in graduation rates.
Education is not being aligned in terms of the jobs today as well as the future
Too many students lack critical thinking, interpersonal skills, time management and judgement
Too many students have been treated as special when in the fact the real world does not treat anyone special
There are systemic issues with programs being offered at the secondary level. There needs to be more emphasis on financial planning, biology, IT, chemistry, writing and physics.
This document provides an overview and outlook on careers and jobs in demand for 2019 and beyond. It discusses forecasts for strong hiring and job growth from organizations like Manpower. It also notes the need for governments to better align education with current and future job needs. The document then provides an agenda outlining topics to be covered, including GDP and economic outlooks, discussions of middle class issues, job vacancy statistics, employment data, and lists of in-demand careers for both the United States and Canada. Risk factors for economies like taxation, government spending, consumer demand and business investment are also mentioned.
Real truth - Canada and United States - GDP - January 2018paul young cpa, cga
GDP is key measurement for a country. Allot is said about GDP, especially by various government. The reality is government gets to much credit for booming economy and too much fault for recession.
There are many factors drive GDP including taxation, business returns, consumer spending and government spending. 2/3 of economies tend to be driven by consumer spending. If you set policies that takes more money out people’s pocket book then that will lead to less consumer spending.
Canada no longer has the fastest growing economy in the G-7 - http://www.gbm.scotiabank.com/English/bns_econ/forecast.pdf
The document is a summary and analysis of Canada's GDP and job market by Paul Young, CPA. It discusses various factors that influence GDP, including government spending, consumer spending, taxation and business returns. While governments often take credit for strong economies, 2/3 of GDP is typically driven by consumer spending. Higher taxes can reduce consumers' disposable income and lead to less spending. The document analyzes GDP and employment data from various periods under Liberal and Conservative governments in Canada. It argues the Liberals' policies of tax increases and canceled pipelines have negatively impacted GDP growth and job opportunities compared to under the previous Conservative government.
Government Policy - Education and Skills Development - Canada - April 2018paul young cpa, cga
Education across Canada have seen improvement in graduation rates.
Education is not being aligned in terms of the jobs today as well as the future
Too many students lack critical thinking, interpersonal skills, time management and judgement
Too many students have been treated as special when in the fact the real world does not treat anyone special
There are systemic issues with programs being offered at the secondary level. There needs to be more emphasis on financial planning, biology, IT, chemistry, writing and physics.
The document provides an economic scorecard for the Liberal Party of Canada by Paul Young, a CPA and expert in various fields including academia, risk management, and public policy. It analyzes key economic indicators such as GDP, jobs, wages, competitiveness, and the fiscal management of the Liberal government. The analysis finds that the Liberals have failed to live up to many of their 2015 election promises and have not improved Canada's economic performance or global competitiveness compared to the previous Conservative government.
This presentation will discuss careers in demand for 2019 and beyond.
Manpower predicts strong hiring through 2019 - http://blog.careerbeacon.com/canadian-employers-say-this-spring-will-be-a-great-time-for-finding-a-new-job/
All level government need to do a better job aligning education with current and future jobs https://www.slideshare.net/paulyoungcga/government-policies-education-skills-development-canada-november-2017
The presentation will also look at risk factors to economies, i.e. taxation, government spending, consumer demand and business investment.
Liberal Party of Canada and PM Trudeau - Fiscal and Economic Scorecard - 2017paul young cpa, cga
Government role is to support social program as well as policies that will support economic growth
The Liberals since they took office their focus has been on social issues which are being driven by agenda 2030 -https://www.slideshare.net/paulyoungcga/what-is-agenda-2030
Trudeau said he would run modest deficits which has not
Trudeau has failed on major planks of his 2015 election campaign
Trudeau has caused tensions with countries like India, Australia, China, Philippines, etc.
This document provides a summary of Paul Young's views on income inequality and potential solutions. It notes that income inequality is an issue around the world and Canada has a relatively average level of inequality compared to other OECD countries. Paul argues that consumption taxes disproportionately hurt low to middle income earners. He believes the best solutions are job creation, improving education, reducing tax havens, reforming trade practices, and stopping one-off policy proposals rather than comprehensive reforms.
The document summarizes skills gaps and government policies around education and skills development in Canada. It outlines that there is a gap between the skills employers require and those available from workers. This skills gap costs the Canadian economy billions annually. The document also reviews several government training programs and policies around increasing skills in areas such as information technology. Issues facing skills development include an aging workforce and a lack of graduates in fields like engineering and information technology.
2019 Election| Retirement| Payroll Tax| CPP | Canada| August 2019paul young cpa, cga
Here is a review of CPP including the fact CPP is payroll tax. The only difference between CPP and Income tax is that CPP goes to specific fund that the government cannot touch directly.
The Building a New Michigan Plan is a fact-based roadmap to help Michigan become a “Top Ten” economic competitor by 2020. It is the successor to Business Leaders for Michigan's Michigan Turnaround Plan (MTP), which was designed to restart economic growth after the Great Recession.
“Thanks to the support of the public, policy makers, business and community leaders, much of the MTP has been accomplished, with positive results—new jobs, higher incomes and a growing population. Now that we’ve shored up our economic foundation, it’s time for us to get building,” said Patrick Doyle, Domino’s President & CEO and BLM Board Chair.
Doyle said while the state’s economic growth has been promising, there is much more to be accomplished.
“The Great Recession hit Michigan harder than any other state, so while our recent growth has been impressive, we’re still not where we should be in absolute terms,” Doyle said. “The Turnaround Plan headed us in the right direction. The new plan is designed to complete the mission of getting us to become a Top Ten state.”
If Michigan was performing like a Top Ten state today, there would be 120,000 more Michiganders working and $11,000 more income per person annually.
This presentation will discuss careers in demand for 2018.
All level government need to do a better job aligning education with current and future jobs https://www.slideshare.net/paulyoungcga/government-policies-education-skills-development-canada-november-2017
The presentation will also look at risk factors to economies, i.e. taxation, government spending, consumer demand and business investment
This document provides an overview and agenda for a presentation on careers in demand for 2019 and beyond. It discusses GDP and economic outlooks, top careers in the United States and Canada according to recent statistics, including jobs in information technology, healthcare, financial analysis, and skilled trades. It also addresses issues around middle-class jobs, technology impacts on certain careers, and factors affecting youth employment and entry-level positions.
2019 Election| Job Quality and Employment| Canada | June 2019paul young cpa, cga
This document analyzes employment trends in Canada from December 2015 to June 2019 using data from Statistics Canada. It finds that employment growth has primarily been in the services sector while goods-producing jobs have increased by only 6% since 2015. Specific provinces like Ontario and Alberta are discussed. Issues like precarious employment, brain drain, and compensation in the public vs private sector are also addressed. Solutions proposed include improving skills training, attracting foreign investment, and reforming taxation and government service delivery.
Human Capital and Workforce Planning| Canada and the Worldpaul young cpa, cga
Blog – Human Capital and Workforce Planning – Canada and the World
Canada economy has been struggling for years due to excessive taxation and regulations.
Jobs of today and tomorrow requires many years of education and skills certification
A good chunk of jobs will be automated as part of business process changes.
Immigration needs to be better tied to economic growth.
1. Job crisis – https://www.brightermonday.co.ug/discover/how-to-beat-the-unemployment-crisis-after-the-covid19
2. At risks jobs to automation - https://www.workandmoney.com/s/dying-professions-83f89af396e34d92
3. Automation - https://www.businessnewsdaily.com/9835-automation-tech-workforce.html
4. Certification - https://www.simplilearn.com/highest-paying-jobs-in-canada-article
5. Housing - https://www.noradarealestate.com/blog/housing-market-predictions/
6. FDI and Canada - https://www.advisor.ca/news/industry-news/foreign-direct-investment-crimped-by-covid-statscan/ (Decline with FDI in the goods-producing sector)
7. Competitiveness - https://financialpost.com/news/economy/labour-shortages-competitiveness-and-inflation-the-key-risks-to-canadas-economy
8. Inflation - https://www.bnnbloomberg.ca/economics/video/the-cost-of-everything-is-going-up-fast-and-we-re-in-it-for-the-long-haul-derek-holt~2384980
9. Middle class - https://www.fraserinstitute.org/studies/measuring-the-impact-of-federal-personal-income-tax-changes-on-middle-income-canadian-families-since-2015
10. Placement rates - https://www.ontario.ca/page/college-graduation-satisfaction-and-job-rates
11. Debt crisis - https://www.devex.com/news/world-bank-says-debt-crisis-in-lower-income-nations-is-alarming-102662
12. Soft skills demand - https://hr.economictimes.indiatimes.com/news/workplace-4-0/5-soft-skills-needed-in-2022-and-why-do-they-matter-in-the-workplace/89649862
Human Capital Management - Skills, Education, Wages, Careers, and Job Vacanci...paul young cpa, cga
Nearly 50% of the job vacancies pay less than the average wage
Wages are growing at 3.5% rate as compared to inflation which is over 6%
There are challenges facing affordable housing
Education needs to better align with jobs of today and tomorrow
All levels of government need to address issues with productivity
All levels of government need to address issues with supply chain
Blog – What is next for HR and Human Capital Management
I have written many blogs on HR-related issues for many years. The closing of the skill gaps has still not been resolved. In fact, one could argue the skills gaps has increased due to many factors like business automation, industry 4.0, advance manufacturing, ESG reporting, movement to the circular economy, 3D housing, etc.
More needs to be done to better align skills with jobs of today and tomorrow.
1. Job vacancies – https://www.linkedin.com/news/story/over-1m-unfilled-jobs-in-canada-4591585/
2. Skill trades - https://discover.rbcroyalbank.com/powering-up-industry-voices-address-the-impending-talent-gap-in-skilled-trades/
3. Immigration and alignment with skills gaps - https://canada.constructconnect.com/dcn/news/government/2022/01/industry-perspectives-op-ed-immigration-system-must-be-aligned-with-ontarios-labour-needs
4. Job quality - https://www.prepareforcanada.com/after-you-arrive/employment-in-canada/the-canadian-job-landscape-is-changing-will-you-be-ready/
5. Automation - https://techjury.net/blog/jobs-lost-to-automation-statistics/#gref
6. Living wage - https://www.ft.com/content/d5f2ab19-dda0-4406-ae12-bdf65b9ad7e7
7. Wages - https://www.wisegeek.net/what-is-the-relationship-between-cost-of-living-and-wages.htm
8. GDP per capita - https://stacker.com/stories/2534/100-countries-highest-gdp-capita
9. Green inflation - https://www.ft.com/content/80cbd05f-d722-411f-9bbe-155cd8c06f7e
10. Jobs in demand - https://dailyhive.com/vancouver/in-demand-highest-paying-jobscanada-2022
Human Capital and Workforce Planning| Canada and the Worldpaul young cpa, cga
Human capital management is becoming a critical issue for both the private and public sectors. I have written many blogs and presentations on human capital. The fix is not the difficult as it relates to the training and development of employees for current and future jobs. The old saying “Quality work demands quality people and product”
1. Wages - https://www.washingtonexaminer.com/restoring-america/community-family/should-america-follow-canadas-low-wage-high-immigration-model
2. November 2021 jobs - https://ca.news.yahoo.com/november-jobs-report-what-to-know-this-week-144428419.html
3. AI and jobs - https://www.koreatimes.co.kr/www/biz/2021/11/488_319499.html?tw
4. 2022 Automation - https://www.uipath.com/blog/automation/top-automation-trends-2022
5. Digital - https://www.zdnet.com/article/top-7-trends-shaping-digital-transformation-in-2022/
6. Digital - https://venturebeat.com/2021/11/06/report-only-7-of-it-decision-makers-say-theyre-equipped-for-digital-transformation/
7. Skills trades - https://www.northernontariobusiness.com/industry-news/training-education/province-announces-90m-to-promote-skilled-trades-4798564
8. Wages - https://www.cnbc.com/2021/11/10/inflation-has-taken-away-all-the-wage-gains-for-workers-and-then-some.html
9. Business investment - https://www.conference-board.org/research/us-forecast
10. Business investment - https://www.reuters.com/markets/rates-bonds/australia-q3-business-investment-slips-outlook-surprisingly-resilient-2021-11-25/
2019 Election| Scorecard | Liberal Party of Canada | Prime Minister - Justin ...paul young cpa, cga
Here is a look at key areas of policy as part of assessing the success of Trudeau. Trudeau and his team often tout certain stats as way to show people they are successful. The problem is that many stats are very high level as such never discuss the details.
This document is a presentation by Paul Young, CPA, CGA on the topic of income inequality in Canada from September 2017. It discusses definitions of income inequality, potential ways to address it such as redistributing wealth and increasing funding to social programs and healthcare/education, and rebuttals against the argument that a guaranteed minimum income or increased taxes on the wealthy are solutions. It provides sources and links to support the presenter's perspective that growing the middle class and job creation, particularly in goods-producing sectors, would do more to reduce inequality than government dependency or tax increases.
The document discusses issues facing Canadian youth, including high unemployment rates. It notes that job recovery has been slow and businesses are hesitant to add headcount. Education needs to better align with in-demand skills. Government programs for youth and students require review and reform. Going forward, policies should support job growth, education and technology while phasing out emergency aid as the economy recovers.
The role of government is to provide support programs as part of transitioning people into new careers. This presentation looks at CERB and EI programs.
This document discusses average wages in Canada and is presented by Paul Young, a CPA and CGA. It includes an agenda covering average wage comparisons, universal basic income, job quality, skills development and training, graduates and income. Sections provide details on wages above and below average, comparisons over specific periods, the push for UBI due to job losses from COVID-19, the need to focus on job quality and skills training, especially for trades, and data showing graduates earn more with advanced degrees. The conclusion calls for addressing Canada's job quality issues through government cooperation and reform to support key industries while balancing economic and environmental policies.
Real GDP rose 3.0% in 2017, following 1.4% growth in 2016. Much of this growth was attributable to the first two quarters of 2017, with deceleration observed toward the end of the year.
Final domestic demand advanced 3.0% with steady growth throughout the year.
Household final consumption expenditure rose 3.5%, with increased outlays on goods (+3.9%) and services (+3.2%). Increased expenditures on insurance and financial services (+5.0%) and purchases of vehicles (+6.3%) were strong contributors to growth.
Business gross fixed capital formation rose 2.6%, following a 4.5% decline in 2016. Investment in machinery and equipment (+6.0%) and residential structures (+3.1%) both increased sharply. Investment in non-residential structures rose 0.3%, following two annual declines.
Also contributing to growth was business investment in inventories, up by $13.9 billion, of which $13.6 billion was in non-farm inventories. Manufacturers, wholesalers, and retailers all added to their stocks in each quarter.
Exports grew 1.0% for the second consecutive year, with gains in both goods (+0.6%) and services (+2.8%). Imports increased 3.6% after falling 1.0% in 2016.
Compensation of employees rose 3.9% (nominal terms), contributing to a 4.8% gain in household disposable income.
This was slightly faster than the growth in household final consumption expenditure (+4.6%), and the household saving rate consequently edged up to 3.6%.
The gross operating surplus of corporations increased 9.5% as earnings of both non-financial and financial corporations rose sharply.
Expressed at an annualized rate, real GDP rose 1.7% in the fourth quarter. In comparison, real GDP in the United States grew 2.5%.
This presentation will discuss careers in demand for 2018.
Manpower predicts strong hiring through 2018 - http://blog.careerbeacon.com/canadian-employers-say-this-spring-will-be-a-great-time-for-finding-a-new-job/
All level government need to do a better job aligning education with current and future jobs https://www.slideshare.net/paulyoungcga/government-policies-education-skills-development-canada-november-2017
The presentation will also look at risk factors to economies, i.e. taxation, government spending, consumer demand and business investment.
This document provides a summary of ways to potentially address income inequality by Paul Young CPA CGA. It discusses that income inequality is an issue around the world and in Canada. It suggests that consumption taxes disproportionately impact low to middle income earners. Potential solutions proposed include reforming government compensation, promoting economic growth, redistributing wealth, and funding healthcare, education and social programs. Ensuring a strong middle class through job creation is also recommended.
Wages and Job Vacancies (Job Quality) - Canada - May 2022 and April 2022.pptxpaul young cpa, cga
Canada is struggling with over 1 million job vacancies, nearly half of which pay below average wages. Digital adoption by governments can help address this by streamlining service delivery. Canada also has a backlog of over 2 million immigration applications, and needs policies to better support export expansion and resilient supply chains. Transitioning to a digital economy and addressing skills shortages will be important for Canada's future competitiveness and economic growth.
Paul Young, a CPA and expert in various fields, presented an agenda on Canada and youth employment. The youth unemployment rate in Canada is the highest since the 1980s. While some jobs are recovering, businesses remain hesitant to add headcount. Government policies need to better support job creation, education aligned with future jobs, and startups. Programs that support youth and students require review for effectiveness and oversight of spending. Moving forward, policies should phase out income support and focus on job growth through public-private partnerships and embracing technology.
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.
Full-time employment rose by 99,000 in November, while part-time work was little changed.
Among those who worked at least half of their usual hours, 4.6 million worked from home in November.
Growth in self-employment stalled in November and compared to public sector and private sector employees, employment in this group remained furthest from the February pre-COVID level (-4.7%; -136,000).
Total hours worked rose by 1.2% in November. Since May, total hours worked has recovered steadily as the initial COVID-19 economic shutdown has given way to more limited and targeted public health measures.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/201204/dq201204a-eng.htm
2021 and Beyond| Career Management| Canada and the United States| November 2020paul young cpa, cga
This document provides an overview and agenda for a presentation on careers in demand for 2021 and beyond in Canada and the United States. The presentation discusses GDP outlooks, economic transformations, the middle class, job vacancies, top careers, immigration, graduates, and more. It provides statistics and sources on employment levels, labor force participation rates, wages, and in-demand jobs in both countries. Risk factors like government policies, spending, protectionism, and demographics are also addressed.
This document provides an overview and analysis of Canada's employment market in October 2020. It discusses sectors such as goods producing, manufacturing, and natural resources. It also addresses issues like job recovery, wages, youth employment, CERB/EI changes, skills/education, and the impact of automation. The document recommends that governments focus on growth areas like infrastructure, skills training, competitiveness and targeted fiscal stimulus to facilitate economic recovery in a post-COVID world.
Similar to 2019 Election| Human Capital and Skills Management| Canada| September 2019 (18)
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptxpaul young cpa, cga
Canadian retail sales dropped 0.3% in August, the first decline since March, as higher interest rates start to impact household budgets. Seven of the nine retail subsectors saw sales increases in July, led by food and beverage retailers, while motor vehicle and parts dealers saw the largest decrease. Excluding autos, retail sales in July rose 1%, double expectations. The report suggests Canadians are tightening spending as more face higher mortgage payments and gas prices due to Bank of Canada rate hikes aimed at slowing inflation.
Addressing issues with the Public Sector Governance Model.pptxpaul young cpa, cga
The key challenges facing Australian business leaders in 2023 include:
1. Talent acquisition, retention and training staff for digital transformation.
2. Implementing successful digital transformation while managing cyber risks.
3. Adapting to changing regulations and reporting requirements.
Health risks from COVID-19, social reputation concerns, and disruptive emerging technologies are also significant social challenges impacting Australian businesses. Over the next 3-5 years, talent management for digitization, cybersecurity, digital transformation, regulatory changes, and identifying new growth opportunities will be the top challenges according to business leaders.
Global Housing Market Analysis and Commentary- September 2023.pptxpaul young cpa, cga
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptxpaul young cpa, cga
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
- Canadian manufacturing sales increased 1.6% in July, led by higher sales in food products, petroleum and coal products, and transportation equipment. Paper and plastics sales decreased the most.
- Inventory levels increased slightly while unfilled orders decreased, pointing to a potential slowdown.
- The manufacturing sector in Canada will continue to face challenges such as global economic uncertainty, rising costs, supply chain issues, climate change risks, and skills shortages.
Electricity Analysis - Canada and the OECD - June 2023.pptxpaul young cpa, cga
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...paul young cpa, cga
The document provides an overview of key metrics and trends in the logistics, warehousing, distribution, and transportation sector. It includes data on consumer price index, diesel fuel costs, freight indexes, e-commerce sales, retail sales, class 8 truck sales, EPA emissions standards, trailer sales, and tonnage. It also discusses supply chain management solutions like planning analytics, blockchain, and AI assistants. Finally, it touches on topics like infrastructure spending, automation, and ESG reporting.
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...paul young cpa, cga
United States retail sales rose 0.6% in August despite flat sales at internet retailers after Amazon Prime Day. Most of the increase was due to higher gasoline prices. While consumer spending has been strong, higher interest rates and a slowdown in hiring are expected to restrain purchases in the coming months. Forecasters predict the 2023 holiday shopping season could be the weakest in five years due to economic challenges facing consumers. The retail sector continues facing inventory management challenges and social governance issues.
How to improve the Governance Model for the Public Sector - United States - S...paul young cpa, cga
This document provides a summary of strategies to improve governance in government. It discusses factors that impact governance like transparency and accountability. It recommends using performance audits to assess key performance indicators and ensure recommendations are implemented. Other strategies include improving data ethics and literacy, mitigating geopolitical risks, adopting ESG reporting, and using technology like audit analytics and AI to enhance governance. The overall goal is for government to deliver programs and tax policies with value for money and transparency.
This document provides an analysis of the agriculture output and equipment sector for August 2023. It includes discussions of commodity prices, crop estimates, energy prices, food prices, farming incomes, top farming states, food processors, and the role of technology and government in farming. Key points covered include rising input costs challenging farmers, preliminary crop estimates for Canada, volatility in oil and diesel prices impacting farm expenses, and opportunities for data and automation to help address issues in the agriculture industry.
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...paul young cpa, cga
This document provides an overview and agenda for a presentation on the biotech, pharmaceutical, and healthcare sector. It includes:
- An introduction and biography of presenter Paul Young CPA CGA
- An agenda covering topics like vaccine production, drug discovery, innovation in areas like storage and AI, and the life sciences strategy
- Links and summaries of information on these topics, including the top vaccine manufacturers, regulations in Canada, and growth in the pharmaceutical market
The presentation aims to discuss key areas of the biotech/pharmaceutical sector including vaccine development and production, drug discovery, innovation, and strategies for the life sciences industry. Links and outside sources are provided to support the topics in the agenda.
Better Public Safety Management using Analytics - September 2023.pptxpaul young cpa, cga
This document discusses using analytics to improve public safety management. It outlines rising public safety costs for governments and key issues facing policing like complex crimes and accountability. The document presents crime rate data for Canada and discusses building machine learning models in SPSS and dashboards in Cognos Analytics to analyze police data and forecast expenses. Finally, it lists potential next steps for crime in Canada like bail and corrections reforms, gun control, and increased police oversight.
Stock Market Analysis and Commentary for WE September 9 2023.pptxpaul young cpa, cga
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Workforce Planning and Employment Analysis - August 2023.pptxpaul young cpa, cga
The document discusses workforce planning and employment analysis. It provides an overview of employment statistics in the United States, Canada, and Australia. It then discusses Sysco's workforce planning model and the role of the CFO in workforce planning. Finally, it defines autonomous finance as the automation of financial operations through software and algorithms, and provides some key statistics on its adoption.
Global Automotive - Analysis and Commentary - August 2023.pptxpaul young cpa, cga
This presentation provides an overview of key trends in the global automotive sector in August 2023. It discusses 1) sales trends in Canada, the US and globally, 2) the growth of electric vehicles and focus on reducing emissions, and 3) ongoing transformation in the industry through automation, connectivity and new technologies. Sources included discuss topics like electric vehicle production and adoption, public safety issues regarding EV fires, gasoline and car prices, supply chain challenges, and green transitions in transportation.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...paul young cpa, cga
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptxpaul young cpa, cga
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
How Does CRISIL Evaluate Lenders in India for Credit RatingsShaheen Kumar
CRISIL evaluates lenders in India by analyzing financial performance, loan portfolio quality, risk management practices, capital adequacy, market position, and adherence to regulatory requirements. This comprehensive assessment ensures a thorough evaluation of creditworthiness and financial strength. Each criterion is meticulously examined to provide credible and reliable ratings.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
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OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
2019 Election| Human Capital and Skills Management| Canada| September 2019
1. SKILL TRADES – CANADA – SEPTEMBER 2019
BY: PAUL YOUNG, CPA, CGA
DATE: SEPTEMBER 1, 2019
2. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. HUMAN CAPITAL MANAGEMENT
For companies and government to be successful means they need to look at hard at their policies and
programs to support development of their employees.
Government needs to adjust their workplace model to the digital economy
Government policies like hikes to small business tax and/or elimination of tax credits are making Canada
less competitive when it comes to attracting brain power.
4. AGENDA
What is Skills GAP?
Skills GAP and Productivity
Government Training Programs
Issues facing Skills Development and Training
Hamilton, Ontario
Other resources
Blog – Career Management
Blog – Soft Skills
Blog – Online Education
Blog - Job Vacancies
Top Educational cities
Digital Economy
5. SKILLS MANAGEMENT
The role of government is defined the educational programs required to support the economy. Too
many govts across Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support
economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by
educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation,
regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people
have skills for today and tomorrow
It is not one policy that supports human capital management but many policies
6. WHAT IS SKILL GAP?
The ‘skills gap’ is the phrase used to describe the difference between the skills that employers
want, as shown by their job advertisements, and those that are available from workers looking for
a job.
Source - http://www.skillsyouneed.com/general/skills-gap.html
7. SKILL GAP AND PRODUCTIVITY
United States:
Roughly 200 million adults in the U.S. today make up the "digital workforce," where productivity requires skills using a number of digital platforms.
Amazingly, only one out of ten workers from this group rate themselves as proficient with the digital tools they use, according to video training
company Grovo.
This skills gap costs the U.S economy a whopping $1.3 trillion every year, and comes at a time when productivity growth is already down over
historical periods. For example, the Wall Street Journal reports that the average U.S. worker's output has risen just 1.3 percent per year during the past
five years, well below the 2.3 percent figure during the 20 years leading up to the economic crisis.
The infographic below from Grovo outlines the cost of the digital skills gap and which skills are essential for the 21st century workforce.
Canada
Canadian businesses, particularly small and medium sized ones, are falling behind in adopting new technologies, mainly because they can’t find the
people they would need to implement the changes, the report says. And that could have negative consequences. “If Canada does not address the
talent and skills gap, it could cost the economy billions of dollars in lost productivity, tax revenues, and gross domestic product,” the report states.
Out of 527,000 students who graduated in Canada in 2015, only 6 per cent — 29,000 — graduated from an IT field, the report found. Canada would
have to graduate around 43,000 IT students per year to keep up with job growth.
Source - http://www.inc.com/graham-winfrey/how-the-digital-skills-gap-is-crippling-productivity.html and http://www.huffingtonpost.ca/2016/03/12/it-
jobs-skills-shortage-canada_n_9440872.html
8. BABY BOOMERS RETIRING AND SKILLS GAP
Source - http://www.canadianmanufacturing.com/manufacturing/report-retiring-boomers-creating-a-
skills-shortage-193269/
This is according to a new Conference Board of Canada report, Workforce
Planning Practices in Canada, which says that more than half of Canadian
organizations are having difficulties finding workers with critical skills.
The report says that in 2005, it took an average of 40 days to fill vacancies
in the technical and skilled trades. This number has now jumped to 60
days. Likewise, the average cost to fill vacancies in the technical and
skilled trades was $3,000 in 2005, compared to $5,000 in 2016.
10. REFUGEES COST
Canada is forecasted to receiving 40,000 refugees through the illegal border crossing into Canada. The
cost of to house, feed, cloth, medical, etc. will be between $600M to $1B.
https://openparliament.ca/debates/2017/9/26/michelle-rempel-2/. The response from the government
has been at best lukewarm. Here is what the immigration minister said “The member opposite must
know that asylum claims fluctuate on a yearly basis and sometimes even monthly. The fact of the matter
is that our agencies were nimble enough. We were able to put full capacity within IRCC to process
claims.
Yet the government thinks closing the borders is not priority, but taxing small business is in terms of
policies is top priority, right? https://ipolitics.ca/2017/09/28/morneaus-tax-plan-should-have-been-
political-gold-what-happened/
11. JULY 2019 - EMPLOYMENT
Source – Stats Canada
• Canada has loss over $100B in FDI sine the Liberals took office -
https://business.financialpost.com/opinion/look-how-much-foreign-investment-has-fled-canada-since-the-
liberals-took-over
• Liberals have made a mess of the regulatory process to get projects approved -
https://business.financialpost.com/commodities/energy/transcanada-terminates-plan-for-energy-east-pipeline
• Canada is less competitive today than it was back in 2015 - https://www.slideshare.net/paulyoungcga/2019-
election-canada-and-global-competitiveness-may-2019
12. SKILLS GAP / BDC
Source - https://www.canadianmanufacturing.com/manufacturing/labour-shortage-is-the-new-norm-that-will-last-a-decade-bdc-
economist-says-218872/
The BDC’s survey of 1,208
people from small and
medium-sized businesses,
with at least $500,000 in
annual sales, found 39 per
cent of them were having
difficulties hiring the types
of new workers they
required.
d
Labour Market
• Canadian economy is only creating 217K new jobs per year
• There are over 400K job vacancies
• The post-secondary graduates are 500K per year
• The government plans to bring in new immigrants of about
300K per year
What needs to be done
• Canada needs a strategy that better aligns both immigration and graduates
with skills need for today and tomorrow
• Canada also needs to refine is policies to encourage economic growth
• Since Liberals took office there are less people working in goods producing
sector as % total employment. Liberal policies have driven out over $100B
investment.
• Skill trades certification process needs to be reviewed. Ontario needs to
eliminate the skill trade agency.
• Canada has strain relations with many countries of the world due to Liberal
agenda. Canada depends on exports. Exports could be 25% higher if Canada
had better trade deals
• Immigration should not be based on quota, but align with gaps in
employment
• Private sector needs to be part of solution and not excluded when it comes
to supporting programs that reduce skill gaps
13. EMPLOYMENT ISSUE
Why? We have youth unemployment as well as the economy is sluggish in terms of growth. Job creation is only 200K for 2016,
but the bulk of new jobs are part-time. http://www.slideshare.net/paulyoungcga/government-policies-broadcasting-canada-
commentary-and-analysis-november-2016?next_slideshow=1
There are already issue with job settlement programs in terms of both funding and openings. So, why would we bring in more
new immigrants?
FYI - https://www.thestar.com/opinion/editorials/2016/12/09/canada-must-learn-from-mistakes-to-integrate-syrian-refugees-
editorial.html or http://www.macleans.ca/news/canada/a-milestone-looms-for-canadas-syrian-refugees-month-13/
FYI
I guess Trudeau's legacy will be "high tax, lower quality of life, high youth unemployment, low business investment and big
government"
Yazidis
http://www.calgarysun.com/2017/02/21/trudeau-spending-28m-to-give-1200-refugees-asylum-this-
year?utm_source=facebook&utm_medium=recommend-
button&utm_campaign=Trudeau+spending+%2428M+to+give+1%2C200+refugees+asylum+this+year
Truth about the border rush
https://www.washingtonpost.com/news/global-opinions/wp/2017/02/24/what-the-canadian-media-ignores-about-canadas-new-
refugee-crisis/?utm_term=.4314b4bad80f
14. USA VS CANADA IMMIGRATION
Are the new immigrants going to have the skills to create
the new googles? Link: Videos -
http://video.lauraingraham.com/Ingraham-slams-
Labrador-on-immigration-So-youre-where-Cantor-is--
26275295?playlistId=15975
16. TEACHING YOUTH TO CODE
http://techportfolio.net/2017/05/closing-canadas-tech-skills-gap-teach-youth-to-code/
220,000 workers needed: That’s how vast Canada’s tech skills gap could
be by 2020, according to Canadian government and industry experts.
If that gap isn’t closed, many tech companies will be forced to look for
opportunities outside the country, Waveform CEO Kirk Simpson
recently told CBC News.
“If we can find the talent somewhere else, we might open a second
location in the U.S. market or in a European market,” he said. “And those
jobs will not go to Canadians.”
17. FEDERAL BUDGET 2017-2018
Source – Government of Canada
Issues
• Provinces have policies for apprenticeship that will required modification to support more applicants
• Universities would have to increase classroom space and equipment to support more enrollment in areas like
engineering, math, sciences, IT
• STDC already exist in terms of seed financing. The problem is more money for innovation is that many deals
require bare minimum of $5 to $10M so that would be like 60 deals a year
• There are already innovation funds that both companies and universities/college leverage
• Startup take time to move ideas from incubation to market. FYI – Canada had already been moving to
advance manufacturing, expert farming, clean technology, 3-D printing, Information technology.
18. BLOG – SKILLS TRADE
Source - https://www.canadianmanufacturing.com/manufacturing/economic-advisers-push-ottawa-focus-business-investment-job-
re-skilling-205533/
“The overarching goal of the influential Advisory Council on Economic Growth is to help Canadian households add an extra $15,000
to their projected annual pre-tax incomes by 2030.
In its third wave of recommendations, to be released later this week, the council says Canada urgently needs another $15 billion in
annual investments for adult skills development to help workers adjust to the demands of the rapidly changing labour market.
The group recommends the creation of an RRSP-type lifelong learning fund that enables workers to accumulate tax-free savings,
combined with contributions from employers and government, in order to cover the cost of developing new skills midway through
their working lives.
Canada already has educational programs - https://www.slideshare.net/paulyoungcga/government-policies-education-skills-
development-canada-november-2017
Canada needs to revamp its post secondary model to better align skills to jobs of today and tomorrow -
https://www.inc.com/business-insider/21-new-jobs-future-robots-automation.html
Job Retraining programs -The federal government provides funding for post-secondary education via CST Transfers – All job
training programs should be reviewed to ensure money is achieving the outcomes
https://www.canada.ca/en/services/jobs/training.html
Primary and secondary school programs need to be revamp to ensure students are pushed to jobs of the future -
https://www.slideshare.net/paulyoungcga/2017-career-management-outlook-on-jobs-canada-and-united-states
19. HAMILTON, ONTARIO – SKILL TRADES
• The body shop owner said it best “We
need skill labor”
• Wynne has failed the skill trades
• The guy also said it was a photo op
• This is how Wynne confronts the
issues in Hamilton by pushing her
Guarantee Income Program -
http://www.cbc.ca/news/canada/hamil
ton/wynne-announcement-hamilton-
1.4082476
20. SKILL GAP RANKING
Source - https://www.weforum.org/agenda/2017/09/these-are-the-ten-best-countries-for-skill-and-education/ or
http://reports.weforum.org/global-human-capital-report-2017/ or
https://photius.com/rankings/human_capital_index_country_rankings_2018.html
2015 Ranking 2018 Ranking
2015 Canada was ranked 4th when it
comes to managing of human capital
21. BLOG – CAREER MANAGEMENT
https://www.cbc.ca/news/canada/toronto/ontario-colleges-university-performance-funding-budget-
1.5094751
The Ontario govt new approach to funding is the right approach which is tie it to outcome. Too many
schools pushed out graduates with degrees that have little value.
https://www.slideshare.net/paulyoungcga/2019-and-beyond-career-management or
https://educationnewscanada.com/article/education/category/economy/96/761451/colleges-applaud-
ontario-budget-commitment-to-modernize-apprenticeship-training.html
23. ONLINE EDUCATION
Source - https://www.tonybates.ca/2018/12/20/summary-of-the-2018-survey-of-online-learning-in-canadian-colleges-and-
universities/
• Business world has been moving to online education/seminars -
https://www.forbes.com/sites/tjmccue/2018/07/31/e-learning-climbing-to-325-billion-by-2025-
uf-canvas-absorb-schoology-moodle/#1976498f3b39 (US Stats, but still relevant as Canada has
been adopting eLearning courses as well.
• Universities and Colleges have been offering eLearning for years -
https://www.tonybates.ca/2018/12/20/summary-of-the-2018-survey-of-online-learning-in-
canadian-colleges-and-universities/ (2/3 of colleges and universities offer eLearning
• Highschool kids need to learn how to do eLearning. eLearning is growing in size as part of
controlling educational costs as well as offering more options to students in terms of courses
24. JOB VACANCIES
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/190618/dq190618b-eng.htm
1. Governments are struggling with their finances
-
https://www.fraserinstitute.org/blogs/governm
ent-debt-a-snapshot-of-each-province
2. Private sector has been slow to higher due to
slowing economic conditions. Goods producing
sector continues to lag other sectors in terms
of hiring -
https://www.slideshare.net/paulyoungcga/2019
-election-gdp-and-economy-canada
3. Canada has a brain drain -
https://www.slideshare.net/paulyoungcga/2019
-election-technology-sector-canada-may-2019
4. There are issues with skills gap -
https://www.slideshare.net/paulyoungcga/2019
-election-careers-skills-training-education-
canada-may-2019
5. People are not entering areas that have strong
career opportunities -
https://www.slideshare.net/paulyoungcga/2019
-and-beyond-career-management
25. GOVERNMENT POLICIES / ISSUES
Trade and FIPA
CETA new deal
Government is working on deals with other growth markets like China, India and Africa.
Clean Technology
Access to raw materials (Lithium, Vanadium, Rare Metals)
Skill set in areas like metallurgy or sciences or math
Partnership with large companies
Advance Manufacturing
Requires competitive tax rates (Payroll Taxes, Corporate Taxes, R&D credits, etc.)
Access to new markets
Streamlining of regulations
Canada lacks the capacity to increase exports
Ports/rail/roads/Bridges
Pipelines
26. DIGITAL ECONOMY
Source - https://www.canadianmanufacturing.com/financing/digital-economy-is-real-but-skills-policy-sketchy-on-future-jobs-
236593/
But what comes through in the documents is that although
federal officials have grappled for years with how to limit
the disruption to workers’ lives in the transition to a more
digital economy, just what Canada might do is still a little
fuzzy.
This is also despite the fact the Liberals’ pre-election budget
put aside more than $1.7 billion over five years to create a
tax credit and pay for dedicated time off for workers to take
skills-training programs, starting next year.
The lack of detail isn’t surprising to Sean Hinton, chief
executive of SkyHive, a B.C.-based company that uses
artificial intelligence to identify just what skills workers need
for different jobs – which aren’t always what employers or
employees think they are.
Governments keep thinking in terms of what jobs will be
automated and which ones will be short of workers, which
creates a disconnect in crafting skills-training programs,
Hinton said.
Source -
https://www.marketsandmarkets.com/PressReleases/digita
l-transformation.asp
27. BRAIN DRAIN
I cannot believe the rhetoric going around about the vibrant IT sector –
https://www.cbc.ca/news/canada/kitchener-waterloo/prime-minister-trudeau-kitchener-tech-hub-announcement-
1.5099705?fbclid=IwAR1tGzcvzzdu0ywPk9Qv2XS59At4aMGafy91XAq2xZn_FIq_VQeUAtU4LMw
Brain Drain - https://www.theglobeandmail.com/business/technology/article-canada-facing-brain-drain-as-young-tech-talent-
leaves-for-silicon/ or https://www.slideshare.net/paulyoungcga/2019-election-technology-sector-canada-may-2019
Canadian Technology community not happy with small business tax reforms - https://globalnews.ca/news/3741638/canadian-
tech-ottawa-trudeau-small-business-taxes/
There needs to be better alignment of education with jobs of today and tomorrow -
https://www.slideshare.net/paulyoungcga/skills-gap-education-and-training-canada-march-2019
Canada continues to see a brain drain - https://thelogic.co/news/silicon-valleys-ties-to-canada-are-growing-despite-tensions-
between-ottawa-and-washington-report-says/
High cost of living in cities like Toronto and Vancouver could see people moving to cheaper locations -
https://www.newinhomes.com/blog/is-toronto-at-risk-of-a-brain-drain-to-montreal
28. TOP EDUCATION CITIES
Source - https://www.industryweek.com/talent/10-most-educated-cities-world/gallery?slide=10 or Source - http://cities-research.jll.com/cities-research/innovation-geographies
1. London, UK
2. Oslo, Norway
3. Tel Aviv, Israel
4. Zurich, Switzerland
5. Helsinki, Finland
6. Edinburgh, Scotland
7. Stockholm, Sweden
8. San Jose, CA, USA
9. Washington, DC, USA
10. Melbourne, Australia
• Trudeau said in past that Canada should be know for its people, right? So, how come major cities like
Vancouver, Calgary, Quebec, Montreal, Edmonton, Halifax, Winnipeg, etc. are not on the list
• Liberals policies have not help support the technological sector or there would be higher ranking of
cities, especially Kitchener-Waterloo and Hamilton - https://www.slideshare.net/paulyoungcga/2019-
election-information-technology-canada-august-2019
29. BLOG – 2019 ELECTION / TECHNOLOGY
@justintrudeau who policies are leading to a brain drain -
https://www.theglobeandmail.com/business/technology/article-canada-facing-brain-drain-as-young-tech-
talent-leaves-for-silicon/
@andrewscheer who believes in reducing personal income taxation -
https://www.youtube.com/watch?v=3QsoHVqLpvc
Who do you trust more to support Information Technology?
Source - https://www.slideshare.net/paulyoungcga/2019-election-information-technology-canada-august-
2019
30. 2019 ELECTION – SKILLS DEVELOPMENT AND MANAGEMENT
Who do you trust more when it comes to dealing with skills trades?
@justintrudeau who insulted construction workers
https://canada.constructconnect.com/dcn/news/government/2018/12/industry-slams-trudeau-gender-
impacts-comment-male-construction-workers
@Andrewscheer whose former leader focus on many programs that help the skills trade -
https://www.cbc.ca/news/politics/skilled-immigrants-to-be-offered-express-entry-to-canada-in-2015-
1.2617961
https://www.slideshare.net/paulyoungcga/2019-election-human-capital-and-skills-management-june-2019
31. WHAT’S REQUIRED
More emphasis on trades
Education needs to push people into math, sciences, trades and IT fields
All level governments need to stopped finding ways to tax people. The emphasis on government should be
value for money
All levels of governments and the private sector need to work together on integrated strategy to ensure
people are prepared for jobs of today and tomorrow
Ontario needs to eliminate the skill trades college
Immigration should not be based on a quota but tied to economic growth.
All level of government need to work together to ensure Canada is competitive for FDI -
https://www.slideshare.net/paulyoungcga/2019-election-canada-competitivenes-september-2019
All levels of government need to streamline their regulations.