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1 - 15 of 187
Add a filter on Committee Evidence - FINA-53
Committee Evidence - FINA-53
2014-10-29
James Rajotte - 16:11
Lib. (ON)
Ted Hsu (Kingston and the Islands)
2014-10-29 16:12
...More
Thank you very much, Mr. Chair.
I'd like to start with a question for Mr. Gill.
You mentioned in your presentation that inadequate transportation infrastructure is costing Toronto something like $11 billion a year in lost economic activity. I'd like to do a little calculation, if you'll bear with me, and just ask if you would agree with it.
Let's just take one-tenth of that $11 billion a year, so $1 billion a year. We know that the Government of Canada can borrow money at about 3% per year. Let's say we borrow it for 30 years and we pay off 3% of the principle every year. So 3% plus 3%, that's about 6%. That means that Canada could borrow $15 billion and pay it off over roughly 30 years to spend on infrastructure, which is about roughly the size of the Building Canada plan. It seems to me that on just one-tenth of the lost economic opportunity from Toronto transportation infrastructure you could spend the whole Building Canada plan, and that would be a good investment. To me that suggests you could spend a lot more than the Building Canada plan if you could pay for $15 billion of spending from just 10% of the lost economic activity because of poor transportation infrastructure in one city, Toronto.
Would you agree with that calculation? And would you agree that we could spend more on infrastructure and get a good return on that spending?
...Less
Pre-budget consultations
Transportation infrastructure
Patrick Gill - 16:14
Lib. (ON)
Ted Hsu (Kingston and the Islands)
2014-10-29 16:15
...More
Okay. Thank you.
I have a question for Ms. Annesley.
You spoke about the demand for skilled labour and the need for temporary foreign workers. But something you did not address, which I wanted to give you a chance to address, is interprovincial mobility of skilled tradespeople. When I talk to skilled tradespeople in my riding of Kingston and the Islands, I hear that there are some barriers to mobility. I am wondering if you or your organization have asked the government to think about subsidizing some of these costs, which may not be apparent at first glance, or about subsidizing the interprovincial mobility of skilled trades before we rely too much, or perhaps to relieve the pressure of relying, on the temporary foreign worker program.
...Less
Labour force mobility
Labour shortage
Pre-budget consultations
Temporary Foreign Worker Program
Janet Annesley - 16:16
Lib. (ON)
Ted Hsu (Kingston and the Islands)
2014-10-29 16:16
...More
Good. Thank you very much.
My last question is for Ms. Seaborn. It is about your request for the government to measure internships, particularly unpaid internships, when it collects data on the labour market. I agree with the Prime Minister when he says you can't manage what you don't measure. I think that's a very good credo to follow.
When you've talked to the government or when you've written to the government, has Statistics Canada or the Minister of Industry or one of the other ministers responded to your suggestion? How has StatsCan responded? How has the minister responded so far?
...Less
Information collection
Internships
Labour market
Pre-budget consultations
Claire Seaborn - 16:17
James Rajotte - 16:17
Lib. (ON)
Ted Hsu (Kingston and the Islands)
2014-10-29 16:17
...More
I'll go back to Mr. Gill.
I had a question about your study predicting local labour market conditions and you said five years out. It just seems to me that there are certain sectors where that's easier to do than in others. There are certain sectors where, for example, it depends a lot on provincial policy. Then there are certain sectors, for example, the oil and gas industry, where there's some sensitivity to global market conditions, which at certain times can fluctuate a lot. I'm just worried about the accuracy of trying to forecast five years out. Maybe you could talk a little bit about what confidence students and their families could have when they see these sorts of results that you published.
...Less
Employment opportunities
Labour market
Pre-budget consultations
James Rajotte - 16:18
James Rajotte - 17:34
Lib. (NS)
Hon. Scott Brison (Kings—Hants)
2014-10-29 17:35
...More
Thank you, Chair.
Thanks to each of you for your words of wisdom today.
Mr. Smillie, just a heads-up, the Department of Finance never likes anything that has what they call a tax expenditure, so that's nothing new, but they also don't have a mandate to consider the positive impact in other areas and that's where we come in. I think what you're proposing has merit in terms of addressing that job skills mismatch and increasing labour market mobility.
I have a question on another area where we have an opportunity and a challenge.
There will be 400,000 young aboriginal and first nations people entering the workforce in the next 10 years. If we've got it right that could be really good for the economy if they had the skills required for jobs today. If we've got it wrong we're in big trouble, and we seem to have it wrong.
Where do the building trades come in in terms of targeting that very vital part of our Canadian population?
...Less
Aboriginal peoples
Building and construction industry
Labour force mobility
Pre-budget consultations
Christopher Smillie - 17:36
Lib. (NS)
Hon. Scott Brison (Kings—Hants)
2014-10-29 17:37
...More
Ms. Deans, this question is from the same angle concerning the aboriginal or first nations youth opportunity or challenge. The Right Honourable Paul Martin has done a lot of work in this area in building business capacity within a group, including establishing the CAPE Fund.
Are you working with Paul Martin and others who are active in this space?
...Less
Aboriginal peoples
Entrepreneurship and entrepreneurs
Pre-budget consultations
Young people
Julia Deans - 17:37
Lib. (NS)
Hon. Scott Brison (Kings—Hants)
2014-10-29 17:38
...More
You mentioned two trends.
First is youth unemployment and underemployment. We have 200,000 fewer jobs for young Canadians than in 2008 before the downturn.
Second is the demographic shift and the small business transfer. It's estimated that 50% of the small businesses in Canada will be sold within the next 10 years. There is an opportunity. You see this opportunity of bringing those two together and helping young Canadians become the acquisitors.
Last night we met with Finance officials to talk about the budget implementation act. Future entrepreneurship was discussed as part of that, and the relationship with BDC. We were told by Finance Canada officials that you don't work with or necessarily invest in cooperatives as a corporate structure.
Why is that, when cooperatives could be an incredibly viable business structure to acquire some of these businesses?
...Less
Employment statistics
Pre-budget consultations
Small and medium-sized enterprises
Young people
James Rajotte - 17:39
James Rajotte - 17:39
Lib. (NS)
Hon. Scott Brison (Kings—Hants)
2014-10-29 17:39
...More
I would assert that the cooperative type of ownership for small businesses and for young people may be a very viable form of business ownership that I would commend to you.
...Less
Pre-budget consultations
Small and medium-sized enterprises
Young people
Julia Deans - 17:39
Add a filter on Committee Evidence - FINA-52
Committee Evidence - FINA-52
2014-10-28
James Rajotte - 16:11
Lib. (NS)
Hon. Scott Brison (Kings—Hants)
2014-10-28 16:12
...More
Thank you very much.
To begin with the Canadian Labour Congress, you've said that with cheap money—and yields being so low and real interest rates being negative today—and with crumbling infrastructure, we have a historic opportunity to invest significantly in infrastructure. That's the position of your organization?
...Less
Employment opportunities
Infrastructure
Pre-budget consultations
Angella MacEwen - 16:12
Lib. (NS)
Hon. Scott Brison (Kings—Hants)
2014-10-28 16:12
...More
The Canadian Chamber of Commerce, would you agree with that position, that we have a historic opportunity to invest in modernizing and improving Canada's infrastructure?
...Less
Employment opportunities
Infrastructure
Pre-budget consultations
Hendrik Brakel - 16:12
Lib. (NS)
Hon. Scott Brison (Kings—Hants)
2014-10-28 16:12
...More
The Green Budget Coalition, do you agree that investing in and greening and strengthening Canada's infrastructure is something we ought to be focused on?
...Less
Employment opportunities
Infrastructure
Pre-budget consultations
Andrew Van Iterson - 16:12
Lib. (NS)
Hon. Scott Brison (Kings—Hants)
2014-10-28 16:13
...More
Thank you very much.
Here is a question on skills and training. You, the Chamber of Commerce, have stated as an organization that we need to invest and work with provinces to improve skills, training, and life-long learning opportunities for Canadian workers.
...Less
Employment opportunities
Labour shortage
Pre-budget consultations
Hendrik Brakel - 16:13
Lib. (NS)
Hon. Scott Brison (Kings—Hants)
2014-10-28 16:13
...More
And how would the Canadian Labour Congress feel about that?
...Less
Employment opportunities
Labour shortage
Pre-budget consultations
Angella MacEwen - 16:13
Lib. (NS)
Hon. Scott Brison (Kings—Hants)
2014-10-28 16:13
...More
Do you agree, Ms. Pohlmann, that we need better labour market data than we're working with right now and that we need to invest as a government in better labour market data?
...Less
Employment opportunities
Labour shortage
Pre-budget consultations
Corinne Pohlmann - 16:14
David Wilkes - 16:14
Lib. (NS)
Hon. Scott Brison (Kings—Hants)
2014-10-28 16:14
...More
We've heard from the employers and from the labour perspective. Ms. MacEwen, do you feel that we should have better labour market data and that this would benefit your members?
...Less
Employment opportunities
Labour shortage
Pre-budget consultations
Angella MacEwen - 16:14
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