The document discusses issues facing Canadian youth, including high unemployment rates. It notes that job recovery has been slow and businesses are hesitant to add headcount. Education needs to better align with in-demand skills. Government programs for youth and students require review and reform. Going forward, policies should support job growth, education and technology while phasing out emergency aid as the economy recovers.

1. Canada and the Youth
PAUL YOUNG CPA CGA
SEPTEMBER 26, 2020

2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Financial Solutions
• SME – Business Process Change
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. Agenda
 Youth Unemployment Rate
 Job Recovery / July 2020
 Youth Employment – OECD
 Job Recovery / Canada
 Education / Grads
 Student Loans
 Jobs and Vacancies
 Government F/S – Social Development
 Audits / Social and Youth Programs
 WE Charity
 What’s next?

4. Youth Unemployment
Rate
Youth unemployment is the highest in
Canada since the 1980s. The TS did little to
address issues facing today’s youth -
https://www.slideshare.net/paulyoungcga/car
eer-and-job-management . The last thing the
Canadian economy needs is temporary green
jobs.

5. Job Recovery
More and more businesses have made many
adjustments as part of the new normal. Businesses are
going to be very hesitant with adding headcount. If
anything there could be more of a movement to
automate parts of their operations -
https://www.slideshare.net/paulyoungcga/analysis-
of-wages-and-employment

6. Affordability
 Inflation is slowly creeping out due to rise
of commodity prices. The Liberals policies
have failed to make things more
affordable for Canadians -
https://www.slideshare.net/paulyoungcga/
affordability-cost-of-living-canada

7. OECD / Youth
SOURCE - HTTPS://DATA.OECD.ORG/UNEMP/YOUTH-UNEMPLOYMENT-RATE.HTM

8. Job Recovery /
Canada
Path Forward
 More emphasis required on reshaping supply chain management
- https://www.slideshare.net/paulyoungcga/how-best-to-reshore-
supply-chains
 Education needs to be better aligned with the jobs of the today
and tomorrow -
https://www.slideshare.net/paulyoungcga/human-capital-
management-skills-and-education
 Automation will grow size and importance -
https://www.globenewswire.com/news-
release/2020/07/08/2059408/0/en/Industrial-Automation-Market-
Size-to-Hit-USD-296-70-Billion-till-2026-Increasing-Adoption-of-
Advanced-Technology-to-Bolster-Growth-Fortune-Business-
Insights.html or
https://www.businesswire.com/news/home/20200612005132/en/
Global-Robotic-Process-Automation-Market-2019-2025
 Government policies need to be re-vamp to better support
startups - https://www.slideshare.net/paulyoungcga/canada-
whats-next-for-small-business
 Hoteling / Businesses will be on the rise along with virtual
meetings -
https://www.businesswire.com/news/home/20200626005010/en/C
OVID-19-Impact-Recovery-Analysis--Global-Augmented-Reality

9. Job Vacancies
Source – Stats Canada

10. Employment and Social
Development
Source -
https://www.canada.ca/en/e
mployment-social-
development/corporate/rep
orts/departmental-
results/2016/financial-
statements.html

11. Post-Secondary Education
 Colleges and Universities are still charging full tuition - https://globalnews.ca/news/7298255/coronavirus-
ontario-post-secondary-tuition-fees/
 Entry-level market for college grads has been hammered due to COVID19
https://www.cbc.ca/news/business/covid-19-jobs-1.5680550
 Green Economy - https://financialpost.com/opinion/ross-mckitrick-ditch-the-fashionable-green recovery-plans
@cafreeland subsidizing money-losing businesses is not the way to grow an economy. The focus should be on
getting goods to market, tax and regulations reform, infrastructure, and delivery social program with value for
money!
 GDP - https://www.slideshare.net/paulyoungcga/gdp-canada-real-truth-august-2020
 Deficit - https://www.slideshare.net/paulyoungcga/fiscal-management-and-performance-audit-canada

12. Auditor –
General
 Education / Youth -
https://www.cbc.ca/news/politics/audit-canada-
student-loans-1.5432110
 Unpaid student loans -
https://www.ctvnews.ca/politics/auditor-finds-2-
4b-in-unpaid-student-loans-says-feds-must-step-
up-recovery-efforts-1.5015665
 Audit of Financial Assistance / Students -
https://www.oag-
bvg.gc.ca/internet/English/parl_oag_202007_02_e
_43573.html

13. Student Loans
Source – Stats Canada
• ½ of students had debt prior to COVID19 - https://www150.statcan.gc.ca/n1/daily-
quotidien/200825/dq200825b-eng.htm
• Debt issues by students impact their cash flow which can impact consumer spending -
https://www.slideshare.net/paulyoungcga/retail-sales-canada-june-2020

14. WE Charity
Government jobs fund - $900 M
 WE charity was to administer the program of $900 at a cost of
$19.5M to administer the program -
https://www.huffingtonpost.ca/entry/we-charity-liberal-
government-contracts_ca_5efe409ec5b6acab284d55f6
 There would be no oversight into the program as this
would be 3rd party entity -
https://www.slideshare.net/paulyoungcga/the-role-of-
operational-and-performancebased-auditing-on-
government-and-the-private-sector
 There are always programs administer by the government
– Canada Summer Job Program -
https://pm.gc.ca/en/news/news-
releases/2020/04/08/changes-canada-summer-jobs-
program-help-businesses-and-young
 WE Charity provided annual report audits, but no where do
they discuss performance audits -
https://www.cbc.ca/news/politics/pandemic-student-we-
charity-trudeau-1.5633674 or
https://www.wecharity.org/about-we-charity/financials-
and-governance/annual-reports/

15. What’s next
 The federal government will need to phased out CERB as part of
support economic growth -
https://www.slideshare.net/paulyoungcga/policy-analysis-guarantee-
income
 The focus should on policies that support good quality jobs -
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-
global-economy-august-2020
 Education and training need to be better align with jobs of today and
tomorrow - https://www.slideshare.net/paulyoungcga/labor-market-
canada-june-2020
 All government programs related to youth need to be review for their
effectiveness - https://www.slideshare.net/paulyoungcga/the-role-of-
operational-and-performancebased-auditing-on-government-and-
the-private-sector
 All levels of government need to work with the private sector to
support GDP growth -
https://www.slideshare.net/paulyoungcga/transforming-the-
economy-postcovid19-canada-and-the-world
 Technology will play have enormous role with Economic Growth -
https://www.slideshare.net/paulyoungcga/technology-what-needs-
to-happen-for-canada-and-the-world