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 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
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.
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.
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
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
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.
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.
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| Human Capital and Skills Management| Canada| September 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.
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.
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.
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.
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
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.
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.
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 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.
Canada like many countries needs immigrants as part of supporting an economy
Canada needs better alignment of immigration with skills gaps - https://www.slideshare.net/paulyoungcga/2019-election-human-capital-and-skills-management-june-2019
Integrating new immigrants into Canada is very costly.
Trudeau’s inability to stop the illegal border crossing has put a strain on the immigration system - https://irb-cisr.gc.ca/en/statistics/Pages/Irregular-border-crosser-statistics.aspx
2015 Election promise - https://www.liberal.ca/liberals-unveil-new-plan-for-immigration-focused-on-family-reunification-middle-class-growth/. Liberals never fixed the immigration system. One could argue the immigration system has a large backlog - https://globalnews.ca/news/5249195/2019-spring-auditor-general-irregular-migrants/ or http://www.oag-bvg.gc.ca/internet/English/parl_oag_201905_02_e_43339.html
Liberals have left a mess with immigration including lack of resources and funding.
Trudeau’s tweet welcoming everyone to Canada set off the illegal border crossings - https://business.financialpost.com/diane-francis/trudeaus-holier-than-thou-tweet-causes-migrant-crisis-now-he-needs-to-fix-what-he-started
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.
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
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
2019 Election| Human Capital and Skills Management| Canada| September 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.
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.
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.
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.
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
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.
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.
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 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.
Canada like many countries needs immigrants as part of supporting an economy
Canada needs better alignment of immigration with skills gaps - https://www.slideshare.net/paulyoungcga/2019-election-human-capital-and-skills-management-june-2019
Integrating new immigrants into Canada is very costly.
Trudeau’s inability to stop the illegal border crossing has put a strain on the immigration system - https://irb-cisr.gc.ca/en/statistics/Pages/Irregular-border-crosser-statistics.aspx
2015 Election promise - https://www.liberal.ca/liberals-unveil-new-plan-for-immigration-focused-on-family-reunification-middle-class-growth/. Liberals never fixed the immigration system. One could argue the immigration system has a large backlog - https://globalnews.ca/news/5249195/2019-spring-auditor-general-irregular-migrants/ or http://www.oag-bvg.gc.ca/internet/English/parl_oag_201905_02_e_43339.html
Liberals have left a mess with immigration including lack of resources and funding.
Trudeau’s tweet welcoming everyone to Canada set off the illegal border crossings - https://business.financialpost.com/diane-francis/trudeaus-holier-than-thou-tweet-causes-migrant-crisis-now-he-needs-to-fix-what-he-started
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.
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
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
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.
Who could see this coming that jobs would go out the door as employment shrunk by 88,000
P/T jobs are gone which is par for the course as many of them were Christmas related, right? Except that in January 2017 57K net new jobs were created, right?
Wages and Job Vacancies (Job Quality) - Canada - May 2022 and April 2022.pptxpaul young cpa, cga
Canada is struggling with over 1M unfilled jobs. Nearly 48% of those jobs pay less than the average wages
More and more levels of government are moving towards digital adoption as part of streamlining the delivery of programs and services.
Canada has over 2M backlog with immigration
Canada needs to focus more on policies that will better support expansion of exports and the building of a resilient supply chain.
Employment was little changed in April after two consecutive months of growth. The unemployment rate edged down 0.1 percentage points to 5.2%.
Increases in employment in professional, scientific and technical services and public administration were offset by declines in construction and retail trade. There were more people working in the Atlantic region and Alberta, while employment fell in Quebec. At the national level, employment gains among core-aged women aged 25 to 54 were offset by a decrease among core-age men.
Total hours worked fell 1.9% in April, driven in part by absences related to illness or disability.
Average hourly wages were up 3.3% (+$0.99 to $31.06) year over year, similar to the growth observed in March (+$1.03; +3.4%).
As of the April reference week (April 10 to 16), remaining capacity limits affecting business operations had generally been lifted, although some combination of masking, proof-of-vaccination, or testing remained a requirement in some settings in certain jurisdiction
There are more to fixing income inequality than making changes to social programs. There needs to be emphasis on all angles of policies from training/skills development to Economic Development to Tax fairness to cutting regulatory burden/businesses.
Similar to Skills Gap - Canada - Commentary and Analysis - September 2018 (18)
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.
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/
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.
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
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
Skills Gap - Canada - Commentary and Analysis - September 2018
1. SKILL TRADES – CANADA – SEPTEMBER 2018
BY: PAUL YOUNG, CPA, CGA
DATE: MARCH 14, 2018
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. AGENDA
What is Skills GAP?
Skills GAP and Productivity
Government Training Programs
Issues facing Skills Development and Training
Hamilton, Ontario
Other resources
4. 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
5. 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
6. 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
7. 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.
9. 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/
10. JULY 2018 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
11. 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
12. 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
13. 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
15. 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.”
16. 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.
17. 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
18. 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
19. 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