Summary:
The number of employees receiving pay or benefits from their employer—measured by the Survey of Employment, Payrolls and Hours (SEPH) as payroll employment—decreased by 26,100 (-0.1%) in May, the first decline since May 2021. Ontario (-30,000; -0.4%) and Manitoba (-2,500; -0.4%) recorded the largest payroll employment losses, while British Columbia (+7,000; +0.3%) was the lone province to record an increase.
Source: https://www150.statcan.gc.ca/n1/daily-quotidien/220728/dq220728a-eng.htm
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.
Wages and Job Vacancies (Job Quality) - Canada - April 2022 and March 2022.pptxpaul young cpa, cga
Nearly 50% of the job vacancies are with jobs that pay less than the average wage
More and more organizations are adopting business automation to address issues with their operational model
Wage growth has been strong at 4.3%
Blog – Wages and Job Vacancies – Canada – July 2022
Nearly 50% of the job vacancies pay less than the average wage
Housing and rent costs are becoming a big problem for Canadians
Not enough is being done to address issues with the skill trades
Healthcare continues to face many challenges including addressing labor shortages
Liberals continue to push policies that are more long-term focus instead of addressing how to reduce EMEA dependency on Russian Oil and Natural Gas - https://www.slideshare.net/paulyoungcga/what-is-next-for-canadas-mining-forestry-energy-and-agricultural-sectorspptx
All levels of government and the private sector need to work together to build a resilient supply chain in Canada - https://www.slideshare.net/paulyoungcga/how-best-to-build-a-reslient-supply-chainpptx
Wages and Job Vacancies (Job Quality) - Canada - January 2022 and February 20...paul young cpa, cga
Summary
5 of 10 job vacancies pay less than the average wage.
Education continues to do a poor job aligning with the jobs of today and tomorrow.
More and more organizations are turning to automation as part of managing their costs.
All levels of government need to reform their operational model including labor costs, risk, and crisis management.
High inflation is here to stay!
Blog – Job Vacancies and Job Quality – Canada – July 2022
46% of the job vacancies pay less than the average wage
EI and other training funds need to be used as part of moving people to new careers in demand
Goods-producing sector continues to face major regulatory hurdles as part of getting their goods out of the ground to market.
Housing costs continue to eat up a large chunk of household budgets
Liberals continue to throw gasoline on the inflation fire.
Wage growth to slow down in 2023
Potential recession in 2023
High inflation will continue to be a focus by central banks
More emphasis needs to be on closing the skill gap
Capital investment required to address issues with intermodal, ports, rail, and trucking capacity
Government needs to embrace business automation including moving to a digital model
Wages and Job Vacancies (Job Quality) - Canada - October 2021 paul young cpa, cga
Blog – Job Quality and Wages – Canada – October 2021
Wages are becoming stagnant
Public sector jobs continue to outpace private sector job growth
Goods-producing continues to lags other sectors in terms of job growth
1. Wages - https://financialpost.com/news/economy/immigrant-influx-is-stunting-wage-growth-in-canadian-recovery
2. Skills gaps - https://www.wellandtribune.ca/ts/news/canada/2021/11/25/ontario-wants-young-people-to-help-fix-trades-labour-shortage.html
3. College grads - https://www.bnnbloomberg.ca/new-college-grads-are-making-gains-in-employment-and-wages-during-pandemic-1.1677685
4. Automation - https://www.mindstick.com/news/945/automation-is-future-robotisation-is-conqueror-of-modern-employment
5. Automation and fiscal policy - https://ceo-na.com/opinion/sharing-the-gains-of-automation-the-role-of-fiscal-policy/
6. Jobs in demand - https://financialpost.com/personal-finance/business-essentials/coding-is-one-of-the-most-in-demand-and-highest-paying-jobs-in-canada
7. Jobs in demand - https://www.slice.ca/10-canadian-careers-thatll-be-in-demand-in-2020-and-after/
8. Inflation - https://www.theglobeandmail.com/politics/article-opposition-grills-trudeau-on-inflation-housing-as-economic-issues-top/
9. Public sector - https://theorca.ca/resident-pod/public-sector-booming-or-ballooning/
10. Digital adoption - https://hbr.org/2021/11/3-tactics-to-accelerate-a-digital-transformation or https://www.techradar.com/features/accelerated-digital-adoption-brings-a-new-role-for-tech-leaders
Summary:
856K job vacancies
50% of the job vacancies pay less than the average wage
More and more organizations continue to invest in business automation
1. Wages https://betterdwelling.com/canadian-job-vacancies-are-rising-but-wages-arent-budging/
2. Top careers - https://www.entrepreneur.com/article/414839
3. Business Students - https://goodmenproject.com/business-ethics-2/top-career-trends-for-business-students-in-2022-and-beyond/
4. Housing costs and Wages http://blog.oxfordeconomics.com/content/us-and-canada-housing-affordability-edged-down-in-q3
5. Household debt - https://www.mpamag.com/ca/news/general/cibcs-tal-on-how-fast-interest-rates-might-rise/326675
6. Income inequality - https://www.ictsd.org/how-to-reduce-income-inequality-in-canada/
7. Automation - https://www.forbes.com/sites/forbescoachescouncil/2022/02/24/10-ways-automation-might-affect-job-markets-in-the-near-future/?sh=2dffbc76302a and https://www.digitaljournal.com/pr/top-5-business-automation-trends-in-2022
8. Skill trades - https://www.northernontariobusiness.com/press-release/rescon-calling-on-federal-government-to-allow-more-skilled-trades-into-canada-5092355
9. Public sector - https://www2.deloitte.com/us/en/pages/public-sector/articles/future-of-public-service.html
10. Mining - https://www.mining.com/in-charts-copper-project-pantry-bare-from-2025/
11. Oil and Gas - https://www.cnbc.com/2022/02/24/biden-administration-pausing-new-oil-and-gas-leases-amid-legal-battle-.html
12. https://www2.deloitte.com/us/en/pages/energy-and-resources/articles/manufacturing-industry-outlook.html
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.
Wages and Job Vacancies (Job Quality) - Canada - April 2022 and March 2022.pptxpaul young cpa, cga
Nearly 50% of the job vacancies are with jobs that pay less than the average wage
More and more organizations are adopting business automation to address issues with their operational model
Wage growth has been strong at 4.3%
Blog – Wages and Job Vacancies – Canada – July 2022
Nearly 50% of the job vacancies pay less than the average wage
Housing and rent costs are becoming a big problem for Canadians
Not enough is being done to address issues with the skill trades
Healthcare continues to face many challenges including addressing labor shortages
Liberals continue to push policies that are more long-term focus instead of addressing how to reduce EMEA dependency on Russian Oil and Natural Gas - https://www.slideshare.net/paulyoungcga/what-is-next-for-canadas-mining-forestry-energy-and-agricultural-sectorspptx
All levels of government and the private sector need to work together to build a resilient supply chain in Canada - https://www.slideshare.net/paulyoungcga/how-best-to-build-a-reslient-supply-chainpptx
Wages and Job Vacancies (Job Quality) - Canada - January 2022 and February 20...paul young cpa, cga
Summary
5 of 10 job vacancies pay less than the average wage.
Education continues to do a poor job aligning with the jobs of today and tomorrow.
More and more organizations are turning to automation as part of managing their costs.
All levels of government need to reform their operational model including labor costs, risk, and crisis management.
High inflation is here to stay!
Blog – Job Vacancies and Job Quality – Canada – July 2022
46% of the job vacancies pay less than the average wage
EI and other training funds need to be used as part of moving people to new careers in demand
Goods-producing sector continues to face major regulatory hurdles as part of getting their goods out of the ground to market.
Housing costs continue to eat up a large chunk of household budgets
Liberals continue to throw gasoline on the inflation fire.
Wage growth to slow down in 2023
Potential recession in 2023
High inflation will continue to be a focus by central banks
More emphasis needs to be on closing the skill gap
Capital investment required to address issues with intermodal, ports, rail, and trucking capacity
Government needs to embrace business automation including moving to a digital model
Wages and Job Vacancies (Job Quality) - Canada - October 2021 paul young cpa, cga
Blog – Job Quality and Wages – Canada – October 2021
Wages are becoming stagnant
Public sector jobs continue to outpace private sector job growth
Goods-producing continues to lags other sectors in terms of job growth
1. Wages - https://financialpost.com/news/economy/immigrant-influx-is-stunting-wage-growth-in-canadian-recovery
2. Skills gaps - https://www.wellandtribune.ca/ts/news/canada/2021/11/25/ontario-wants-young-people-to-help-fix-trades-labour-shortage.html
3. College grads - https://www.bnnbloomberg.ca/new-college-grads-are-making-gains-in-employment-and-wages-during-pandemic-1.1677685
4. Automation - https://www.mindstick.com/news/945/automation-is-future-robotisation-is-conqueror-of-modern-employment
5. Automation and fiscal policy - https://ceo-na.com/opinion/sharing-the-gains-of-automation-the-role-of-fiscal-policy/
6. Jobs in demand - https://financialpost.com/personal-finance/business-essentials/coding-is-one-of-the-most-in-demand-and-highest-paying-jobs-in-canada
7. Jobs in demand - https://www.slice.ca/10-canadian-careers-thatll-be-in-demand-in-2020-and-after/
8. Inflation - https://www.theglobeandmail.com/politics/article-opposition-grills-trudeau-on-inflation-housing-as-economic-issues-top/
9. Public sector - https://theorca.ca/resident-pod/public-sector-booming-or-ballooning/
10. Digital adoption - https://hbr.org/2021/11/3-tactics-to-accelerate-a-digital-transformation or https://www.techradar.com/features/accelerated-digital-adoption-brings-a-new-role-for-tech-leaders
Summary:
856K job vacancies
50% of the job vacancies pay less than the average wage
More and more organizations continue to invest in business automation
1. Wages https://betterdwelling.com/canadian-job-vacancies-are-rising-but-wages-arent-budging/
2. Top careers - https://www.entrepreneur.com/article/414839
3. Business Students - https://goodmenproject.com/business-ethics-2/top-career-trends-for-business-students-in-2022-and-beyond/
4. Housing costs and Wages http://blog.oxfordeconomics.com/content/us-and-canada-housing-affordability-edged-down-in-q3
5. Household debt - https://www.mpamag.com/ca/news/general/cibcs-tal-on-how-fast-interest-rates-might-rise/326675
6. Income inequality - https://www.ictsd.org/how-to-reduce-income-inequality-in-canada/
7. Automation - https://www.forbes.com/sites/forbescoachescouncil/2022/02/24/10-ways-automation-might-affect-job-markets-in-the-near-future/?sh=2dffbc76302a and https://www.digitaljournal.com/pr/top-5-business-automation-trends-in-2022
8. Skill trades - https://www.northernontariobusiness.com/press-release/rescon-calling-on-federal-government-to-allow-more-skilled-trades-into-canada-5092355
9. Public sector - https://www2.deloitte.com/us/en/pages/public-sector/articles/future-of-public-service.html
10. Mining - https://www.mining.com/in-charts-copper-project-pantry-bare-from-2025/
11. Oil and Gas - https://www.cnbc.com/2022/02/24/biden-administration-pausing-new-oil-and-gas-leases-amid-legal-battle-.html
12. https://www2.deloitte.com/us/en/pages/energy-and-resources/articles/manufacturing-industry-outlook.html
Wages and Job Vacancies (Job Quality) - Canada - November 2021paul young cpa, cga
Job vacancies in retail trade increased for the sixth consecutive month to reach a record high in October (132,800). The job vacancy rate also peaked at 6.3%, pushed up by increased vacancies and slow payroll employment recovery.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/211223/dq211223b-eng.htm
1. Wages and housing – https://capitalcurrent.ca/no-homes-no-choice-affordable-housing-activists-demand-government-action-now/
2. Careers - https://www.careerfitter.com/career-advice/12-best-careers-jobs-for-2021-2022
3. Automation - https://techjury.net/blog/jobs-lost-to-automation-statistics/#gref
4. Skills gaps - https://www.helpnetsecurity.com/2021/12/21/enhancing-cybersecurity-budgets/
5. Manufacturing - https://manufacturingglobal.com/technology/critical-manufacturing-industry-trends-expect-2022
6. Edge - https://statetechmagazine.com/article/2021/12/cloud-and-edge-computing-will-be-key-government-agencies-2022
7. 5G and Industry 4.0 - https://www.totaltele.com/512061/AIS-strikes-5G-partnerships-to-help-fuel-Industry-40
8. Supply chain - https://searcherp.techtarget.com/feature/Supply-chain-disruption-will-persist-in-2022-but-tech-may-help
9. Supply chain - https://www.supplychainbrain.com/blogs/1-think-tank/post/34224-the-three-stages-of-overcoming-supply-chain-disruption
10. Labor gap - https://www.baytoday.ca/jobs-of-the-future/new-college-program-looks-to-fill-a-much-needed-labour-gap-4886606
11. Personal finances - https://www.theglobeandmail.com/investing/personal-finance/article-six-numbers-that-will-rule-your-personal-finances-in-2022/
Blog – Job Quality and Job Vacancies – Canada – December 2021
Canada has nearly 1M job vacancies
Majority of the job vacancies are jobs that pay less than the average wage
The goods-producing sector continues to lag other sectors in terms of job growth
Government policies have not addressed the skill gap issues
1. Wages and affordability - https://ca.news.yahoo.com/whats-good-debt-income-ratio-202358726.html
2. Best employers - https://www.forbes.com/lists/canada-best-employers/?sh=50cff76c2790
3. In-demand jobs - https://canada.admissionhub.com/job-vacancies-in-canada-2022-trends-in-demand-skills/
4. Employment - https://financialpost.com/news/economy/canadas-u-s-beating-jobs-recovery-might-not-be-as-great-as-it-looks
5. Skills gaps - https://news.ontario.ca/en/release/1001478/ontario-launching-new-agency-to-better-serve-tradespeople
6. Immigration - https://www.cimmigrationnews.com/canada-needs-to-reform-immigration-system-to-help-skill-trades-says-ontario-organization/
7. Mining - https://www.timminspress.com/news/local-news/mining-association-calling-on-ottawa-to-provide-greater-support-to-industry
8. Manufacturing - https://www.forbes.com/sites/ankitmishra/2022/01/11/leading-experts-weigh-in-on-growing-canadas-economy-in-2022/?sh=1f458428284d
9. Red tape - https://calgarysun.com/opinion/columnists/red-tape-continues-to-hurt-investment-in-albertas-energy-sector
10. Small businesses - https://canadiansme.ca/small-businesses-worry-about-rising-costs-and-supply-chain-issues-amid-border-ban-on-unvaccinated-truck-drivers/
11. Venture capital - https://dailyhive.com/toronto/deloitte-canada-deloitte-ventures-capital-fund
12. Tech - https://www.thestar.com/business/mars/2022/01/27/tech-update-a-new-fund-aims-to-help-early-stage-entrepreneurs-making-sure-esg-pledges-are-more-than-platitudes-and-other-news.html and https://www.therecord.com/news/waterloo-region/2022/01/28/we-are-the-worlds-fastest-growing-innovation-hub.html
13. Expert farming - https://qz.com/2117339/why-walmart-is-investing-in-plenty-a-vertical-farming-company/
Wages and Job Vacancies (Job Quality) - Canada - January 2022 and February 20...paul young cpa, cga
Summary:
Nearly 50% of the job vacancies are with jobs that pay less than the average wage.
Jobs in areas like manufacturing, mining, real estate, IT, professional services require years of education and certification.
Liberals continue to bring in policies that does little to develop both the natural resources sector and the advance manufacturing sector.
Summary:
Canada hit a target of 401K in new immigrants. There are systemic issues facing natural resources, construction, manufacturing, and retail sector of the economy.
More and more jobs will be automated.
There are issues with cost and availability of housing.
Canada continues to be hammered by high inflation partially driven by green policies.
1. Wages and Canada - https://www.benefitscanada.com/news/bencan/survey-says-wages-set-to-rise-2-7-in-2022-as-inflation-hits-new-high/
2. Housing Costs - Affordability has become much tougher due to the rapid escalation of prices during the pandemic. That said, Canada has in its past managed to weather a situation where the cost-of-living situation was even worse without seeing a severe retrenchment in activity. And, both new and resale markets remain drum-tight, suggesting another strong year for price growth is in the cards for 2022. https://economics.td.com/ca-housing-rate-sensitivity
3. Job Vacancies – Nearly 50% of the jobs pay less than the average wage - https://www150.statcan.gc.ca/n1/daily-quotidien/211220/dq211220a-eng.htm
4. Many jobs could be automated - https://www.unitrends.com/blog/technology-5-it-trends-to-watch-in-2022
5. Canada trade surpluses has been led by the natural resources sector. There are issues with natural resources sector as the Liberals continue to over tax and regulate the natural resources sector - https://www.bnnbloomberg.ca/merchandise-trade-surplus-3-1b-in-november-statistics-canada-reports-1.1703909 and https://www.slideshare.net/paulyoungcga/what-is-next-for-the-natural-resources-sector
6. Small businesses continue to struggle with new restrictions imposed on them by the government - https://www.slideshare.net/paulyoungcga/what-is-next-for-the-natural-resources-sector
7. Skills gap - https://www.slideshare.net/paulyoungcga/what-is-next-for-the-natural-resources-sector
8. Many government programs like healthcare have issues with their effectiveness - https://www.slideshare.net/paulyoungcga/fiscal-management-public-sector-canada-250858856
9. Green Inflation - https://www.reuters.com/business/environment/canadas-shift-net-zero-emissions-likely-drive-higher-inflation-2022-01-13/
10. Manufacturing sector - https://www.fxempire.com/macro/canada/manufacturing-pmi
Canada's economy gained a net 39,800 jobs in May, entirely in full-time work, Statistics Canada said on Friday. The jobless rate edged down to 5.1%, a new record low.
Employment in the goods producing sector fell by a net 41,200 jobs, mostly in manufacturing. The services sector grew by a net 80,900 positions, mostly in wholesale and retail trade, as well as educational services.
Source - https://ca.finance.yahoo.com/news/instant-view-canada-gains-39-125410600.html
Summary:
Employment in services-producing industries fell by 223,000. Accommodation and food services (-113,000), information, culture and recreation (-48,000) and retail trade (-26,000) saw the largest declines.
Employment increased by 23,000 in the goods-producing sector.
Employment rose by 23,000 (+1.5%) in construction in January 2022, almost entirely as a result of gains in Ontario. The national-level increase adds to a gain of 35,000 recorded in December 202
https://economics.bmo.com/en/publications/detail/a2d1bf0a-4d9d-40e2-a521-581fb185508d and https://economics.bmo.com/en/publications/detail/0ba5a9c9-1fbf-4605-8121-d9fb63ec72ca/
https://www150.statcan.gc.ca/n1/daily-quotidien/220204/dq220204a-eng.htm
1. Employment – https://www.cbc.ca/news/business/canada-jobs-january-1.6339345
2. Job vacancies - https://www.cicnews.com/2022/02/job-vacancies-in-canada-remain-near-record-highs-0221538.html#gs.o2ydvo
3. Shortcutting the labour shortage with automation, customization, and centralization https://www.canadianmanufacturing.com/features/shortcutting-the-labour-shortage-with-automation-customization-and-centralization/ Blog – Adoption of Manufacturing (Industry 4.0) - https://www.linkedin.com/pulse/blog-adoption-manufacturing-industry-40-paul-young/?published=t
4. Careers - https://www.municipalworld.com/jobs/?location=All
5. Automation - https://canadiansme.ca/major-tech-trends-that-will-reshape-the-business-world-in-2022%EF%BF%BC/
6. Careers - https://www.cnbc.com/2022/02/02/the-10-best-us-jobs-of-2022-according-to-glassdoor.html
7. Careers - https://www.forbes.com/sites/jairhilburn/2022/02/02/the-50-best-jobs-in-america-for-2022-according-to-glassdoor/?sh=7d9cf71afaee
8. Careers - https://www.theglobeandmail.com/business/article-how-canadas-economic-recovery-is-leaving-canadians-behind/
9. Mining - https://simplywall.st/markets/ca/materials/metals-mining
10. Manufacturing - https://o.canada.com/news/local-news/employer-survey-points-to-staggering-labour-shortfall-in-some-business-sectors
11. Supply chain - https://occ.ca/mediareleases/tackling-canadas-supply-chain-critical-to-economic-recovery/
12. Supply chain - https://www.autoserviceworld.com/what-canadas-manufacturers-say-can-help-supply-chain/
Employment and Labor Market - Canada - September 2022.pptxpaul young cpa, cga
Summary:
After declining for two consecutive months, the number of employees in the public sector increased by 35,000 (+0.8%) in September. Most of the gain was attributable to the educational services industry, which accounts for close to one-third (30.4%) of employees in the public sector (not seasonally adjusted).
Gains in educational services and health care and social assistance were offset by losses in manufacturing; information, culture and recreation; transportation and warehousing; and public administration.
Source: https://www150.statcan.gc.ca/n1/daily-quotidien/221007/dq221007a-eng.htm
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
Canada gain 418K net new jobs over the previous month. Canada still has on average recovered about 93% of the jobs since February 2020. Many jobs likely are not coming back
Summary:
Canada gain 55K net new jobs. Majority of those jobs were with manufacturing and construction. Both those sectors have skills gap issues that need to be address.
The goods-producing sector continues to trail other sectors over the past 6 years in terms of job growth. Canada should be a world leader in sustainable forestry, mining, energy production. Those sectors pay 30-40% more than the service sector.
Canada like many countries is heading back to an era of big government. Government jobs are nearly 22% of the total employment.
More and more jobs are being automated. All levels of government need to work better with private sector to ensure youth today have the skills of today and tomorrow.
https://www150.statcan.gc.ca/n1/daily-quotidien/220107/dq220107a-eng.htm
1. Employment - https://www150.statcan.gc.ca/n1/daily-quotidien/220107/dq220107a-eng.htm
2. Career outlook – https://www.forbes.com/sites/robinryan/2022/01/05/2022-career-predictions-you-need-to-know-about/?sh=194e5b922f36
3. Wages and Employment - https://www.thisismoney.co.uk/money/news/article-10358461/Top-10-paying-jobs-2022-revealed.html
4. Jobs and wages - https://www.theglobeandmail.com/business/article-charts-jobs/
5. Big government - https://www.foxbusiness.com/media/kudlow-america-we-love-will-not-accept-big-government-socialism
6. Guarantee Income - https://www.yahoo.com/lifestyle/pilot-basic-guaranteed-income-program-203000058.html
7. Skills gaps - https://fortune.com/2022/01/06/american-businesses-need-to-invest-in-tech-education-skills-gap-labor-shortage-verizon-csr-rose-stuckey-kirk/
8. Hybrid - https://freedom.to/blog/a-new-era-of-work-2022/
9. RPA - https://enterprisersproject.com/article/2022/1/4-robotic-process-automation-rpa-trends-watch-2022
10. Construction sector - https://canada.constructconnect.com/joc/news/economic/2022/01/u-s-canadian-construction-industries-move-into-2022-at-differing-pace
Summary:
• The rise in the services-producing sector was spread across accommodation and food services (15,000), "other services" (14,000) — which includes repair and maintenance services and personal care services—and public administration (12,000).
• In the goods-producing sector, employment gains were driven by construction (14,000), natural resources (8,800) and agriculture (5,800). The overall gain in the goods-producing sector marks the fourth consecutive monthly increase in the sector.
Source - https://www.hrreporter.com/focus-areas/people-analytics/employment-up-73000-in-march/365626
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/
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
Employment rose by 154,000 (+0.8%) in November and was 186,000 (+1.0%) higher than its pre-COVID February 2020 level. The unemployment rate fell to 6.0%, within 0.3 percentage points of what it was in February 2020.
Employment increased in both the services-producing and goods-producing sectors in November. Both full-time (+80,000; +0.5%) and part-time (+74,000; +2.1%) work increased, and employment gains were spread across six provinces.
Total hours worked increased 0.7% and returned to the pre-pandemic February 2020 level for the first time. Hours rose across most industries, led by manufacturing, wholesale and retail trade, as well as construction. Despite increasing in November, hours in the goods-producing sector were still below their pre-pandemic level (-3.6%). All of the growth compared with February 2020 was in the services-producing sector (+1.3%), most notably in professional scientific and technical services (+12.5%).
https://www150.statcan.gc.ca/n1/daily-quotidien/211203/dq211203a-eng.htm
1. Quebec spending money on skills - https://www.talentcanada.ca/quebec-announces-details-of-3-9-billion-plan-to-address-labour-shortages/. 3 of 6 are public sector related. There seems to be little focus on the goods-producing sector
2. Manufacturing supply change and skill gap issues - https://www.talentcanada.ca/most-manufacturers-facing-more-acute-labour-shortage-than-last-year-survey/
3. AG sector - https://www.realagriculture.com/2021/12/new-canadians-urban-students-needed-to-fill-labour-gaps-in-agriculture/
4. Minimum wage - https://atlantic.ctvnews.ca/minimum-wage-in-new-brunswick-to-increase-by-largest-percentage-in-40-years-1.5690778
5. PMI index - https://www.theglobeandmail.com/business/economy/article-canadian-manufacturing-activity-expands-at-slightly-slower-pace-in/
6. Provinces - https://royal-bank-of-canada-2124.docs.contently.com/v/provinces-enter-advanced-stages-of-recovery-in-2022-pdf
7. Public sector spending - https://winnipegsun.com/uncategorized/trudeau-to-limit-new-spending-in-fiscal-update-source
8. Automation - https://www.nintex.com/blog/the-process-automation-market-is-booming-its-time-to-adapt/
9. Critical metals - https://www.cgai.ca/building_supply_chain_resiliency_of_critical_minerals
10. What is next - https://www.cdhowe.org/intelligence-memos/don-drummond-upcoming-fall-fiscal-update-must-answer-questions-about-growth
Fiscal and Economic Scorecard - Canada - June 2022 and July 2022.pptxpaul young cpa, cga
Blog – Fiscal and Economic Scorecard
Canada continues to face many challenges due to high inflation.
Canada continues to lag other jurisdiction as it relates to development of its natural resources sector
Housing prices have decline but are still unaffordable for a good chunk of the Canadian population
Inflation has decline, but food costs are still an issue
Wages and Job Vacancies (Job Quality) - Canada - November 2021paul young cpa, cga
Job vacancies in retail trade increased for the sixth consecutive month to reach a record high in October (132,800). The job vacancy rate also peaked at 6.3%, pushed up by increased vacancies and slow payroll employment recovery.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/211223/dq211223b-eng.htm
1. Wages and housing – https://capitalcurrent.ca/no-homes-no-choice-affordable-housing-activists-demand-government-action-now/
2. Careers - https://www.careerfitter.com/career-advice/12-best-careers-jobs-for-2021-2022
3. Automation - https://techjury.net/blog/jobs-lost-to-automation-statistics/#gref
4. Skills gaps - https://www.helpnetsecurity.com/2021/12/21/enhancing-cybersecurity-budgets/
5. Manufacturing - https://manufacturingglobal.com/technology/critical-manufacturing-industry-trends-expect-2022
6. Edge - https://statetechmagazine.com/article/2021/12/cloud-and-edge-computing-will-be-key-government-agencies-2022
7. 5G and Industry 4.0 - https://www.totaltele.com/512061/AIS-strikes-5G-partnerships-to-help-fuel-Industry-40
8. Supply chain - https://searcherp.techtarget.com/feature/Supply-chain-disruption-will-persist-in-2022-but-tech-may-help
9. Supply chain - https://www.supplychainbrain.com/blogs/1-think-tank/post/34224-the-three-stages-of-overcoming-supply-chain-disruption
10. Labor gap - https://www.baytoday.ca/jobs-of-the-future/new-college-program-looks-to-fill-a-much-needed-labour-gap-4886606
11. Personal finances - https://www.theglobeandmail.com/investing/personal-finance/article-six-numbers-that-will-rule-your-personal-finances-in-2022/
Blog – Job Quality and Job Vacancies – Canada – December 2021
Canada has nearly 1M job vacancies
Majority of the job vacancies are jobs that pay less than the average wage
The goods-producing sector continues to lag other sectors in terms of job growth
Government policies have not addressed the skill gap issues
1. Wages and affordability - https://ca.news.yahoo.com/whats-good-debt-income-ratio-202358726.html
2. Best employers - https://www.forbes.com/lists/canada-best-employers/?sh=50cff76c2790
3. In-demand jobs - https://canada.admissionhub.com/job-vacancies-in-canada-2022-trends-in-demand-skills/
4. Employment - https://financialpost.com/news/economy/canadas-u-s-beating-jobs-recovery-might-not-be-as-great-as-it-looks
5. Skills gaps - https://news.ontario.ca/en/release/1001478/ontario-launching-new-agency-to-better-serve-tradespeople
6. Immigration - https://www.cimmigrationnews.com/canada-needs-to-reform-immigration-system-to-help-skill-trades-says-ontario-organization/
7. Mining - https://www.timminspress.com/news/local-news/mining-association-calling-on-ottawa-to-provide-greater-support-to-industry
8. Manufacturing - https://www.forbes.com/sites/ankitmishra/2022/01/11/leading-experts-weigh-in-on-growing-canadas-economy-in-2022/?sh=1f458428284d
9. Red tape - https://calgarysun.com/opinion/columnists/red-tape-continues-to-hurt-investment-in-albertas-energy-sector
10. Small businesses - https://canadiansme.ca/small-businesses-worry-about-rising-costs-and-supply-chain-issues-amid-border-ban-on-unvaccinated-truck-drivers/
11. Venture capital - https://dailyhive.com/toronto/deloitte-canada-deloitte-ventures-capital-fund
12. Tech - https://www.thestar.com/business/mars/2022/01/27/tech-update-a-new-fund-aims-to-help-early-stage-entrepreneurs-making-sure-esg-pledges-are-more-than-platitudes-and-other-news.html and https://www.therecord.com/news/waterloo-region/2022/01/28/we-are-the-worlds-fastest-growing-innovation-hub.html
13. Expert farming - https://qz.com/2117339/why-walmart-is-investing-in-plenty-a-vertical-farming-company/
Wages and Job Vacancies (Job Quality) - Canada - January 2022 and February 20...paul young cpa, cga
Summary:
Nearly 50% of the job vacancies are with jobs that pay less than the average wage.
Jobs in areas like manufacturing, mining, real estate, IT, professional services require years of education and certification.
Liberals continue to bring in policies that does little to develop both the natural resources sector and the advance manufacturing sector.
Summary:
Canada hit a target of 401K in new immigrants. There are systemic issues facing natural resources, construction, manufacturing, and retail sector of the economy.
More and more jobs will be automated.
There are issues with cost and availability of housing.
Canada continues to be hammered by high inflation partially driven by green policies.
1. Wages and Canada - https://www.benefitscanada.com/news/bencan/survey-says-wages-set-to-rise-2-7-in-2022-as-inflation-hits-new-high/
2. Housing Costs - Affordability has become much tougher due to the rapid escalation of prices during the pandemic. That said, Canada has in its past managed to weather a situation where the cost-of-living situation was even worse without seeing a severe retrenchment in activity. And, both new and resale markets remain drum-tight, suggesting another strong year for price growth is in the cards for 2022. https://economics.td.com/ca-housing-rate-sensitivity
3. Job Vacancies – Nearly 50% of the jobs pay less than the average wage - https://www150.statcan.gc.ca/n1/daily-quotidien/211220/dq211220a-eng.htm
4. Many jobs could be automated - https://www.unitrends.com/blog/technology-5-it-trends-to-watch-in-2022
5. Canada trade surpluses has been led by the natural resources sector. There are issues with natural resources sector as the Liberals continue to over tax and regulate the natural resources sector - https://www.bnnbloomberg.ca/merchandise-trade-surplus-3-1b-in-november-statistics-canada-reports-1.1703909 and https://www.slideshare.net/paulyoungcga/what-is-next-for-the-natural-resources-sector
6. Small businesses continue to struggle with new restrictions imposed on them by the government - https://www.slideshare.net/paulyoungcga/what-is-next-for-the-natural-resources-sector
7. Skills gap - https://www.slideshare.net/paulyoungcga/what-is-next-for-the-natural-resources-sector
8. Many government programs like healthcare have issues with their effectiveness - https://www.slideshare.net/paulyoungcga/fiscal-management-public-sector-canada-250858856
9. Green Inflation - https://www.reuters.com/business/environment/canadas-shift-net-zero-emissions-likely-drive-higher-inflation-2022-01-13/
10. Manufacturing sector - https://www.fxempire.com/macro/canada/manufacturing-pmi
Canada's economy gained a net 39,800 jobs in May, entirely in full-time work, Statistics Canada said on Friday. The jobless rate edged down to 5.1%, a new record low.
Employment in the goods producing sector fell by a net 41,200 jobs, mostly in manufacturing. The services sector grew by a net 80,900 positions, mostly in wholesale and retail trade, as well as educational services.
Source - https://ca.finance.yahoo.com/news/instant-view-canada-gains-39-125410600.html
Summary:
Employment in services-producing industries fell by 223,000. Accommodation and food services (-113,000), information, culture and recreation (-48,000) and retail trade (-26,000) saw the largest declines.
Employment increased by 23,000 in the goods-producing sector.
Employment rose by 23,000 (+1.5%) in construction in January 2022, almost entirely as a result of gains in Ontario. The national-level increase adds to a gain of 35,000 recorded in December 202
https://economics.bmo.com/en/publications/detail/a2d1bf0a-4d9d-40e2-a521-581fb185508d and https://economics.bmo.com/en/publications/detail/0ba5a9c9-1fbf-4605-8121-d9fb63ec72ca/
https://www150.statcan.gc.ca/n1/daily-quotidien/220204/dq220204a-eng.htm
1. Employment – https://www.cbc.ca/news/business/canada-jobs-january-1.6339345
2. Job vacancies - https://www.cicnews.com/2022/02/job-vacancies-in-canada-remain-near-record-highs-0221538.html#gs.o2ydvo
3. Shortcutting the labour shortage with automation, customization, and centralization https://www.canadianmanufacturing.com/features/shortcutting-the-labour-shortage-with-automation-customization-and-centralization/ Blog – Adoption of Manufacturing (Industry 4.0) - https://www.linkedin.com/pulse/blog-adoption-manufacturing-industry-40-paul-young/?published=t
4. Careers - https://www.municipalworld.com/jobs/?location=All
5. Automation - https://canadiansme.ca/major-tech-trends-that-will-reshape-the-business-world-in-2022%EF%BF%BC/
6. Careers - https://www.cnbc.com/2022/02/02/the-10-best-us-jobs-of-2022-according-to-glassdoor.html
7. Careers - https://www.forbes.com/sites/jairhilburn/2022/02/02/the-50-best-jobs-in-america-for-2022-according-to-glassdoor/?sh=7d9cf71afaee
8. Careers - https://www.theglobeandmail.com/business/article-how-canadas-economic-recovery-is-leaving-canadians-behind/
9. Mining - https://simplywall.st/markets/ca/materials/metals-mining
10. Manufacturing - https://o.canada.com/news/local-news/employer-survey-points-to-staggering-labour-shortfall-in-some-business-sectors
11. Supply chain - https://occ.ca/mediareleases/tackling-canadas-supply-chain-critical-to-economic-recovery/
12. Supply chain - https://www.autoserviceworld.com/what-canadas-manufacturers-say-can-help-supply-chain/
Employment and Labor Market - Canada - September 2022.pptxpaul young cpa, cga
Summary:
After declining for two consecutive months, the number of employees in the public sector increased by 35,000 (+0.8%) in September. Most of the gain was attributable to the educational services industry, which accounts for close to one-third (30.4%) of employees in the public sector (not seasonally adjusted).
Gains in educational services and health care and social assistance were offset by losses in manufacturing; information, culture and recreation; transportation and warehousing; and public administration.
Source: https://www150.statcan.gc.ca/n1/daily-quotidien/221007/dq221007a-eng.htm
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
Canada gain 418K net new jobs over the previous month. Canada still has on average recovered about 93% of the jobs since February 2020. Many jobs likely are not coming back
Summary:
Canada gain 55K net new jobs. Majority of those jobs were with manufacturing and construction. Both those sectors have skills gap issues that need to be address.
The goods-producing sector continues to trail other sectors over the past 6 years in terms of job growth. Canada should be a world leader in sustainable forestry, mining, energy production. Those sectors pay 30-40% more than the service sector.
Canada like many countries is heading back to an era of big government. Government jobs are nearly 22% of the total employment.
More and more jobs are being automated. All levels of government need to work better with private sector to ensure youth today have the skills of today and tomorrow.
https://www150.statcan.gc.ca/n1/daily-quotidien/220107/dq220107a-eng.htm
1. Employment - https://www150.statcan.gc.ca/n1/daily-quotidien/220107/dq220107a-eng.htm
2. Career outlook – https://www.forbes.com/sites/robinryan/2022/01/05/2022-career-predictions-you-need-to-know-about/?sh=194e5b922f36
3. Wages and Employment - https://www.thisismoney.co.uk/money/news/article-10358461/Top-10-paying-jobs-2022-revealed.html
4. Jobs and wages - https://www.theglobeandmail.com/business/article-charts-jobs/
5. Big government - https://www.foxbusiness.com/media/kudlow-america-we-love-will-not-accept-big-government-socialism
6. Guarantee Income - https://www.yahoo.com/lifestyle/pilot-basic-guaranteed-income-program-203000058.html
7. Skills gaps - https://fortune.com/2022/01/06/american-businesses-need-to-invest-in-tech-education-skills-gap-labor-shortage-verizon-csr-rose-stuckey-kirk/
8. Hybrid - https://freedom.to/blog/a-new-era-of-work-2022/
9. RPA - https://enterprisersproject.com/article/2022/1/4-robotic-process-automation-rpa-trends-watch-2022
10. Construction sector - https://canada.constructconnect.com/joc/news/economic/2022/01/u-s-canadian-construction-industries-move-into-2022-at-differing-pace
Summary:
• The rise in the services-producing sector was spread across accommodation and food services (15,000), "other services" (14,000) — which includes repair and maintenance services and personal care services—and public administration (12,000).
• In the goods-producing sector, employment gains were driven by construction (14,000), natural resources (8,800) and agriculture (5,800). The overall gain in the goods-producing sector marks the fourth consecutive monthly increase in the sector.
Source - https://www.hrreporter.com/focus-areas/people-analytics/employment-up-73000-in-march/365626
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/
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
Employment rose by 154,000 (+0.8%) in November and was 186,000 (+1.0%) higher than its pre-COVID February 2020 level. The unemployment rate fell to 6.0%, within 0.3 percentage points of what it was in February 2020.
Employment increased in both the services-producing and goods-producing sectors in November. Both full-time (+80,000; +0.5%) and part-time (+74,000; +2.1%) work increased, and employment gains were spread across six provinces.
Total hours worked increased 0.7% and returned to the pre-pandemic February 2020 level for the first time. Hours rose across most industries, led by manufacturing, wholesale and retail trade, as well as construction. Despite increasing in November, hours in the goods-producing sector were still below their pre-pandemic level (-3.6%). All of the growth compared with February 2020 was in the services-producing sector (+1.3%), most notably in professional scientific and technical services (+12.5%).
https://www150.statcan.gc.ca/n1/daily-quotidien/211203/dq211203a-eng.htm
1. Quebec spending money on skills - https://www.talentcanada.ca/quebec-announces-details-of-3-9-billion-plan-to-address-labour-shortages/. 3 of 6 are public sector related. There seems to be little focus on the goods-producing sector
2. Manufacturing supply change and skill gap issues - https://www.talentcanada.ca/most-manufacturers-facing-more-acute-labour-shortage-than-last-year-survey/
3. AG sector - https://www.realagriculture.com/2021/12/new-canadians-urban-students-needed-to-fill-labour-gaps-in-agriculture/
4. Minimum wage - https://atlantic.ctvnews.ca/minimum-wage-in-new-brunswick-to-increase-by-largest-percentage-in-40-years-1.5690778
5. PMI index - https://www.theglobeandmail.com/business/economy/article-canadian-manufacturing-activity-expands-at-slightly-slower-pace-in/
6. Provinces - https://royal-bank-of-canada-2124.docs.contently.com/v/provinces-enter-advanced-stages-of-recovery-in-2022-pdf
7. Public sector spending - https://winnipegsun.com/uncategorized/trudeau-to-limit-new-spending-in-fiscal-update-source
8. Automation - https://www.nintex.com/blog/the-process-automation-market-is-booming-its-time-to-adapt/
9. Critical metals - https://www.cgai.ca/building_supply_chain_resiliency_of_critical_minerals
10. What is next - https://www.cdhowe.org/intelligence-memos/don-drummond-upcoming-fall-fiscal-update-must-answer-questions-about-growth
Fiscal and Economic Scorecard - Canada - June 2022 and July 2022.pptxpaul young cpa, cga
Blog – Fiscal and Economic Scorecard
Canada continues to face many challenges due to high inflation.
Canada continues to lag other jurisdiction as it relates to development of its natural resources sector
Housing prices have decline but are still unaffordable for a good chunk of the Canadian population
Inflation has decline, but food costs are still an issue
Similar to Wages and Job Vacancies (Job Quality) - Canada - May 2022 and June 2022.pptx (20)
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
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
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
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.
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.
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
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.
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
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.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Wages and Job Vacancies (Job Quality) - Canada - May 2022 and June 2022.pptx
1. Wages and Job Vacancies
(Job Quality) – Canada –
May 2022 and June 2022
Paul Young CPA CGA
July 28, 2022
2. Paul Young - Bio
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos
3. Agenda
• Employment Analysis
• Job Vacancies vs Employment
• Above Average Wage
• Youth Unemployment
• Competitiveness
• Skills gaps
• Career Management
• Automation
• Immigration
• Path forward for Canada
9. Competitiveness
• Corporate taxation needs to be competitive and they are now. If Singh was serious about tax reform, then he would go after
tax havens and reform the code. https://www.slideshare.net/paulyoungcga/closing-down-of-tax-havens
• Singh goal of raising corporate tax rates by 50% is the wrong approach. Source -
https://www.slideshare.net/paulyoungcga/how-to-fix-competitiveness-through-government-policy or
https://www.slideshare.net/paulyoungcga/closing-down-of-tax-havens
Source - https://www.nationalobserver.com/2020/11/04/news/ndp-
wealth-tax-pandemic-%20economic-recovery-Singh-Jagmeet
10. CERB and EI
• Wage – subsidy extended until September 25, 2021 -
https://www.mltaikins.com/taxation/federal-
government-announces-covid-19-wage-subsidy/
• EI sickness - https://ipolitics.ca/2021/05/26/ei-
extension-would-cost-over-2-billion-benefit-150000-
claimants/
• EI Measures - https://www.cbc.ca/news/canada/prince-
edward-island/employment-insurance-pandemic-griffin-
1.6036708
11. Skills Gaps
• Cybersecurity -
https://www.itworldcanada.com/sponsored/is-
your-organization-ready-to-tackle-the-cyber-skills-
gap
• 8/10 Canadian Manufacturers -
https://www.bnnbloomberg.ca/eight-in-10-
canadian-manufacturers-face-skills-shortage-
report-1.1530327
• Costly changes to EI and training programs -
https://www.collegesinstitutes.ca/news-
centre/news-release/how-supporting-skills-and-
training-can-fuel-a-resilient-recovery/
• Here is my work on skills development -
https://www2.slideshare.net/paulyoungcga/h
uman-capital-management-skills-development-
analysis-and-commentary
12. Career
Management
The provinces and federal government need to re-
think their job training strategy including better
targeting educational support as part of re-aligning
the workforce to jobs of today and tomorrow
Here is my work on career management for both Canada
and the United States
https://www2.slideshare.net/paulyoungcga/2021-and-
beyond-career-management-canada-and-the-united-states-
november-2020
13. Automation
Despite strong hiring since the middle of last year, the U.S. economy is still 5.3 million jobs short of what it had in February
2020. And Lydia Boussour, lead U.S. economist at Oxford Economics, calculated last month that 40% of the missing jobs are
vulnerable to automation, especially those in food preparation, retail sales and manufacturing.
https://www.canadianmanufacturing.com/manufacturing/do-we-need-humans-for-that-job-automation-booms-after-covid-
19-272936/
My work on Automation:
https://www.forbes.com/sites/forbescommunicationscouncil/2021/07/29/redefining-the-customer-experience-for-the-digital-
age/?sh=65deb38a430d
This ties nicely to my work on automation - https://www.slideshare.net/paulyoungcga/what-is-next-for-automation
14. Immigration and Job Vacancies
Canada labor market continues to face many challenges. There are nearly 600K job vacancies. Many of job vacancies are in
sectors that pay less than the average wage - https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1410032501
The focus of all levels of government should be on the goods-producing sector and value-added jobs in areas like
healthcare, education, IT, professional services, banking/insurance, etc. -
https://www.slideshare.net/paulyoungcga/wages-and-job-vacancies-job-quality-canada-july-2021-250056903
Many low-paying jobs are also in a precarious position as they are more vulnerable to automation -
https://www.slideshare.net/paulyoungcga/what-is-next-for-automation
If Canada could grow exports by 10-20% that would help support good-paying job. For each $1B of exports there is 5,500
jobs - https://www.slideshare.net/paulyoungcga/merchandise-tradecanada-july-2021
All levels of government need to move to digital model as part or reducing their cost to serve. The focus should be on
using technology as part of risk and crisis mitigation -
Here is a brief look at immigration and issues facing immigration not just in Canada but around the world!
https://www.slideshare.net/paulyoungcga/immigration-canada-what-is-next
15. Path forward for Canada
• Nearly 30% of Canada’s GDP is tied to goods-producing sector. More work needs to
be done by all levels government to address competitiveness including
elimination of progressive taxes like carbon taxes or streamlining regulations or
revamping policies that would support more innovation or addressing issues with
productivity.
• 45% of the job vacancies pay less than the average wage. Household costs
continue to rise due to many factors including supply chain, carbon taxes, and
other areas of government policies. All levels of government need to start
addressing the cost of living.
• Canada needs to do more to promote capital inflow, especially in areas of
Information Technology, goods-producing sector, circular economy, and the
construction sector
• Here is my work - https://www.slideshare.net/paulyoungcga/what-is-the-path-forward-for-canada-250124979
16. California and Automation
A new law in California aims at strictly regulating employer-imposed work quotas on warehouse and distribution center
workers in that state. The new law, called AB 701, will go into effect on Jan. 1, 2022.
“We cannot allow corporations to put profit over people,” said Gov. Gavin Newsom (D), when he signed the bill on Sept.
22. “The hardworking warehouse employees who have helped sustain us during these unprecedented times should not
have to risk injury or face punishment as a result of exploitative quotas that violate basic health and safety.”
Legislators and labor union advocates made it clear that a major reason for the new law is to take aim at retail giants
Amazon and Walmart, who they accuse of exploiting their nonunion workforce. But the law’s impact will be felt far beyond
those two companies.
https://www.mhlnews.com/labor-management/article/21176489/california-restricts-warehouse-work-
quotas?utm_source=IY%20IW%20QM%20News&utm_medium=email&utm_campaign=CPS210924079&o_eid=7930I4506
489J2B&rdx.ident%5Bpull%5D=omeda%7C7930I4506489J2B&oly_enc_id=7930I4506489J2B
Additional Links:
https://www.forbes.com/sites/forbescommunicationscouncil/2021/07/29/redefining-the-customer-experience-
for-the-digital-age/?sh=65deb38a430d
17. Summary
• The focus on all level of government should be on policies that will encourage FDI and innovation -
https://www2.slideshare.net/paulyoungcga/2019-election-innovation-and-rd-canada-2014-to-2017
• More focus on tax policies in areas of environment including CCA as part of capital investment in areas
like waste management or CO2 recapturing or energy production or other areas -
https://www2.slideshare.net/paulyoungcga/how-to-best-support-a-circular-economy
• Re-thinking the green reset to ensure there is more balance between environmental/climate change
policy and supporting economic growth - https://www2.slideshare.net/paulyoungcga/natural-resources-
canada-how-best-to-get-goods-to-market or https://www2.slideshare.net/paulyoungcga/getting-goods-
to-market-what-needs-to-happen-by-all-levels-of-government
• Technology will drive automation and changes on how the public sector and private sector will operate in
the new normal for both the Canada and the World Economy -
https://www2.slideshare.net/paulyoungcga/policy-analysis-business-startups-enterpeneurs-canada-and-
the-world
• Look at better ways to manage the power grid including solutions that are viable without direct
government grants - https://www2.slideshare.net/paulyoungcga/electricity-analysis-canada-and-the-
world
• Fixing the systemic issues facing getting goods to market, i.e. over regulation, tax reform, carbon tax,
etc. - https://www2.slideshare.net/paulyoungcga/how-to-reshore-supply-chains
• Reforming the size of government - https://www2.slideshare.net/paulyoungcga/reforming-the-public-
sector-for-canada-all-levels-of-government
Employment - Canada - May 2022.pdf
Summary:
Th e n u m b er o f em p lo yees r eceivin g p ay or b en ef it s f r o m t h eir
em p lo yer —m easu r ed b y t h e S
u r vey o f E
m p lo ym en t , P
ayr o lls an d
Ho u r s (SEPH) as p ayr o ll em p lo ym en t —d ecr eased b y 26,100 (-0.1%
)
in M ay, t h e f ir st d eclin e sin ce M ay 2021. On t ar io (-30,000; -0.4%
)
an d M an it o b a (-2,500; -0.4%
) r ecor d ed t h e lar g est p ayr o ll
em p lo ym en t lo sses, w h ile Br it ish C
o lu m b ia (+7,000; +0.3%
) w as
t h e lo n e p r ovin ce t o r eco r d an in cr ease.
Source: https://www150.statcan.gc.ca/n1/daily-quotidien/220728/dq220728a-eng.htm
Provinces demand
more control over immigration to combat labour shortage CBC News.pdf
Tableau’s recent
survey found companies lag in data training - Protocol.pdf
Gap Between
Students' Aptitudes and Their Career Interests Focus of New Report -- THE Journal.pdf
The State of
Automation in 2022 - insideBIGDATA.pdf
In the face of the
pandemic, Canada's manufacturers remain resilient Insuran
Where there's muck
there's brass ... and critical minerals
TC Energy reports
solid second quarter 2022 results.pdf
Oil Sands to Continue
to Grow but Heightened Energy Security Concerns Have Not Yet Boosted Outlook.pdf
Rising food, rent
costs eat into young professionals' disposable income.pdf
Highest Paid IT Jobs
in the World Top 10 IT Careers in 2022 _ Jobs.pdf
Opinion Job vacancy
crunch is partly due to aging Kingston_Frontenac This Wee
Food workers' union
call for urgent reforms to TFW progr
The Left, Inflation and
Monetary Policy - The Bullet.pdf
CPP maximum
pensionable earnings rising to $64,900 in 2022 Benefits Canada.com.pdf
CANADA FX
DEBT-Canadian dollar edges up ahead of expected Fed rate hike Reuters.pdf
1. Aging - https://www.kingstonthisweek.com/opinion/opinion-job-vacancy-crunch-is-partly-due-
to-aging
2. TFW - https://www.canadianmanufacturing.com/manufacturing/food-workers-union-call-for-
urgent-reforms-to-tfw-program-as-part-of-2022-report-283088/
3. Monetary - https://socialistproject.ca/2022/07/left-inflation-and-monetary-policy/
4. CPP - https://www.benefitscanada.com/pensions/retirement/cpp-maximum-pensionable-
earnings-rising-to-64900-in-2022/
5. GDP - https://www.reuters.com/article/canada-forex/canada-fx-debt-canadian-dollar-edges-up-
ahead-of-expected-fed-rate-hike-idUSL1N2Z81HE
6. Skills gap - https://www.cbc.ca/news/canada/toronto/provincial-immigration-labour-1.6532956
18. Other Sources
• If you like to learn
more about trade
and/or other
subjects as part of
your professional
learning and
development then
feel free to review
my material on
https://www.udem
y.com/ (search Paul
Young CPA CGA