GOVERNMENT POLICIES – LABOUR MARKET - CANADA

By: Paul Young, CPA, CGA

AGENDA1. Summary2. Labor and Wages for Canada by Key Sector3. BMO – Comments – Employment4. Scotiabank – Comments – Employment5. TD Economics – Employment6. Outlook7. Minister of Finance8. Election 2015 blog on the labour market

SUMMARY1. Employment rose by 67,000 (+0.4%) in September, with most of the increase in part-time work. The

unemployment rate was unchanged at 7.0%, as more people participated in the labor market.2. In the third quarter of 2016, employment gains totaled 62,000 (+0.3%). This followed little change in

employment in the second quarter and a slight increase of 33,000 (+0.2%) in the first quarter.3. Compared with 12 months earlier, employment rose by 139,000 (+0.8%), with most of the gains in

part-time work. Over the same period, the total number of hours worked edged up 0.2%.4. In September, there were more employed people aged 55 and older. At the same time, there was

little change in employment among both the 15-to-24 and 25-to-54 age groups.5. Provincially, employment rose in Quebec, Alberta and New Brunswick. There was little change in the

other provinces.6. In September, more people worked in public administration, educational services, and transportation

and warehousing. At the same time, employment declined in health care and social assistance.7. Self-employment increased in September, while there was little change in the number of private and

public sector employees.

Source – Stats Canada

LABOUR AND WAGES FOR CANADA BY KEY SECTOR

Source – Stats Canada

EMPLOYMENT CANADA - BMO

Source - BMO

EMPLOYMENT - SCOTIABANK

Source – Scotiabank

TD ECONOMICS COMMENT

Source – TD Economics

ELECTION 2015 The election of campaign of 2015 discussed labor market including jobs that were precarious.

Here is a comment from the now finance minister” Finance Minister Bill Morneau says Canadians should get used to so-called "job churn" -- short-term employment and a number of career changes in a person's life.

Morneau made the comment on Saturday at a meeting of the federal Liberal Party's Ontario wing, days before he's scheduled to deliver a fall economic update.

The remark also comes just three days after the Bank of Canada delivered bad news for the economy, downgrading the country's growth outlook yet again.

Source http://www.ctvnews.ca/politics/get-used-to-job-churn-morneau-tells-liberal-meeting-1.3126992

LABOUR MARKET – GOVERNMENT POLICIESGovernment can influence hiring by their taxation policies and other policies1. Payroll Taxation 2. WSIB3. Carbon Taxation4. Minimum Wage Hikes5. Hydro rates Business will response to changes to through combination of efforts:6. Raising Prices7. Scaling back hours8. Laying off staff9. Consolidation of operations

It is funny how you attack my threads that show detail links, right? It seems to me that my posts are backup with links to presentation that are tied back to comments made by different business sources.

http://globalnews.ca/news/2169728/reality-check-are-canadas-newly-created-jobs-part-time-precarious-and-low-paid/ Fact 1 – Employment – All I see from your comments is opinion and no facts. It seems you call me a troll, right? The only reason people call me a troll is they cannot defend their opinion with facts, right? Let me crunch a few things based on the below links – Since 2010 there has been 722K full-time jobs and 118K part-time jobs created in Canada. So, 86% of the new jobs are full-time. So, where is

the 80% number you quoting coming from in terms of its accuracy? The main sector of growth are the following sectors

Accommodation/food services approximately 98K Healthcare approximately 249K – this ties to more money being spent on healthcare by provinces to support need for additional services Professional jobs approximately 170K Construction approximately 220K – does this not benefit skill trades and tied to the housing market being solid in Canada Summary:

The bulk of jobs are in areas that pay good salaries. http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/labor93a-eng.htm. The only sector that would see the bulk of minimum wage would be accommodation/services.

Food/Services jobs are created due to people spending money on meals and entertainment and travel - http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/trad15a-eng.htm or https://www.restaurantscanada.org/Portals/0/Non-Member/2015/restaurantoutlooksurvey_2015_q1.pdf Source: http://www.conferenceboard.ca/economics/hot_eco_topics/default/13-11-05/which_industries_are_creating_jobs.aspx http://www.conferenceboard.ca/economics/hot_eco_topics/default/13-11-05/which_industries_are_creating_jobs.aspx http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/econ10-eng.htm

My Labour Blog response to Mark Whyte

Source: Facebook / Election 2015 Blog

CONT. Ontario has its’ own issue, but they are not driven by federal policies. They are from bad policies, like FIT or Regulations or other bad policies. So, I guess comments from the following people are wrong, right? http://www.theglobeandmail.com/report-on-business/ontario-policies-could-put-auto-making-at-risk-fiat-chrysler-ceo-warns/article25418311/ (Is this guy wrong?) or why did Cliff Resources pull out (http://www.baytoday.ca/content/news/details.asp?c=73707) or How do you think ORPP is going to impact business (http://www.thestar.com/news/queenspark/2015/06/02/business-warns-against-wynnes-pension-plan.html) Canada has one of the strongest middle class in the world, but no comment. Here are facts/videos on the middle class - https://www.youtube.com/watch?v=xqLDHQ-iJU8 (is this a lie? or https://www.youtube.com/watch?v=yOl37VcG89c (is this a lie? - http://globalnews.ca/.../tax-cuts-since-2005-net.../ (is this a lie?) Or http://www.slideshare.net/paulyoungcga/taxation-policies (are my slides 8-11 wrong).

Do you have issues with C377, if so why? C377 ensure hardworking union members received more transparency on how dues are to be spent. http://cupe.ca/fact-sheet-union-dues-and-rand-formula. It seems me that dues should be used as part of the collective bargaining agreement and/or skills development or strike funds, right? Yet many unions use the dues to attack the government, right? http://www.therebel.media/we_fact_check_unifor_s_anti_harper_ad.

I get the sense from your comments that you are bitter at harper likely that you have been sold a bill of goods from either your union or Mulcair.

EMPLOYMENT OUTLOOK FOR 20161. Canadian Government new policy on Carbon Taxation will have

impact on FDI and the labor market2. Planned CPP hikes will impact small business. Small business

may cut hours, jobs and/or freeze pay. 3. Slow Growth is predicted for the Canadian Economy.