wages in canada continue to be stagnated

CANADA – WAGES AND EMPLOYMENT –

JANUARY 2017PAUL YOUNG CPA, CGA

MARCH 30, 2017

AGENDA

• Summary

• Wages / Sector

• Employment / Wages

• Skills Trades / Hourly Rate - 2015

• Skill Trades / demographics

JOB CREATION

• Stats Canada

WAGES/SECTOR

• Stats Canada – March 31, 2017

EMPLOYMENT – WAGES / MONTH


SKILLS TRADES


2017 FEDERAL BUDGETExpectations are running high that next week’s federal budget will provide a more detailed federal strategy — and perhaps more cash — to help post-secondary students land real-life work experience in emerging, employee-starved fields.In last year’s budget, Ottawa committed $73 million over four years to fund an initiative aimed at ensuring that what’s being taught inside the classroom is better aligned with the tech-related needs of the job market.

680 News – March 14, 2017

Comment:• Technology is only part of business process• Canada needs to more Trade/Investment deals to expand exports. For each $1B of exports there are

5,500 jobs. • Canada lacks the export capacity (i.e. Ports, rails, roads, bridges, pipelines, etc). The loss export business

is about $125B• Jobs are constantly changing due both demands of business as well the implementation of productivity

measures • Government is not dealing with the systemic issues of education. You cannot fixed a problem by

throwing money at the symptoms. The skills trades system has to be fixed including how people get certified.

JUSTIN TRUDEAU – PRIME MINISTER – MIDDLE CLASS• Voters are right to be outraged, he said. Both business and government need to adjust. “It’s time to get

real about the challenges facing the middle class,” he said. “Old approaches don’t work anymore…. We can’t go about things the same way and expect to succeed in this new world.”

Justin Trudeau – Toronto Star – February 23, 2017

Comment:• Canada has been average 2.2% GDP growth for over 15 years. • Liberals campaign was about expanding the middle class. Yet the Liberals have eliminated tax

credits as well as introduced hikes to CPP/EI and a new carbon tax • It is business and consumer consumption that drives the economy. If do not create the

conditions for business to invest then you do not create jobs. • If you removed tax credits and/or introduced new taxes after you made a tax cut then all you

are doing is taking it from one pocket to the other pocket

wages in canada continue to be stagnated

Economy & Finance