Statistics Canada observes Asian Heritage Month, profiles job details of South Asians, Chinese, Filipino
#AsianHeritageMonth; #StatisticsCanada; #employment; #CanadaAsianPopulations
Ottawa/IBNS: Statistics Canada observes Asian Heritage Month by profiling the employment characteristics of the three largest Asian populations in Canada: South Asian, Chinese, and Filipino Canadians aged 15 to 69 during the three months ending in April 2021.
Image. Statistics Canada. Image credit: Twitter handle
Labour Force Survey (LFS) of the South Asian population reveal that South Asian men are more likely to employed than South Asian women and during the COVID-19 pandemic and that during the three months ending in April 2021, 40.3 percent of South Asian men were likely to work from home as compared to approximately 33.4 percent of South Asian women.
Average hourly earnings for Chinese Canadian men ($33.89) and women ($29.77), were shown to be higher than for other visible minority groups and were similar to the earnings for non-visible minorities in the three months ending in April 2021. This is owing to the fact of their being employed in professional, scientific and technical services industries with relatively high average wages ($36.68 per hour), and finance, insurance, real estate, rental and leasing with ($35.38 per hour).
The Employment Equity Act defines visible minorities as "persons, other than Aboriginal Peoples, who are non-Caucasian in race or non-white in colour," reports Statistics Canada.
Filipino Canadians were shown to have among the highest employment rates nationally and 71.2 percent of Filipino Canadians aged 55 to 69 were employed in April compared with 49.8 percent non-visible minorities in the same age group. Flipino women have among the highest employment rates of all groups, with many working on the health care sector's front line during the pandemic.
#CanadaTaxPayers; #CanadaTaxProfessionals, #TaxFilingDeadline
Ottawa/Canadian-Media: Canadian taxpayers as well as tax professionals are facing struggle to meet April 30 a tax filing deadline during one of the most complex tax seasons in the middle of a global pandemic and widespread lockdowns.
Image credit: Facebook Page
The federal government's refusal to extend the deadline of filing taxes as it did last year to May 31 and to suspend late payment penalties until September, has left the taxpayers and the tax professionals struggling to meet the dead ling in the midst of the pandemic.
Taxpayers who received benefits and made less than $75,000, said the government, won't have to pay what's owed until April 30, 2022, and added that file late, they will face the normal penalty of 5 percent of the balance owing, plus an additional 1 percent for each month after.
Most vulnerable taxpayers who can least afford to pay penalties are the ones to suffer most from the Government's decision not to extend the deadline, warned the tax professionals.
#Canada, #CanadaJobIncrease, #StatisticsCanada, #Covid19Pandemic; #BankOfCanada
Ottawa/Canadian-Media: The addition of 259,000 jobs in Feb resulted in Canada's biggest job increase since September 2020, Statistics Canada said on Friday.
Statistics Canada. Image credit: Twitter handle
The unemployment rate also shrunk down to the lowest rate, since the declaration of the COVID-19 pandemic in March 2020, from 9.4 percent to 8.2 percent and exceeded the analysts' expectations of 75,000 added jobs and an unemployment rate of 9.2 percent, said Statistics Canada.
According to Statistics Canada's Canadian Labor Force Survey, the labor market during February saw 12 months of unprecedented changes from the COVID-19 pandemic.
Both part-time and full-time work increased, while the number of self-employed workers remained constant.
February's numbers were strongly influenced by the easing of pandemic restrictions, said Statistics Canada in such provinces as Quebec, Alberta, New Brunswick and Nova Scotia, as well as parts of Ontario with gains being concentrated retail, accommodation and food services in Ontario and Quebec and in jobs that pay $17.50 an hour or less.
The employment rate among Indigenous women also decreased down 6.8 percentage points year-over-year and was unchanged for Indigenous men.
While the federal government said it will use jobs as a gauge for planned stimulus measures to be unveiled in a spring budget, analysts saw through job gain closing of excess capacity faster than the Bank of Canada's expectations.
But the main concern of the Bank of Canada is about the high number of people still out of work because of the pandemic.
#CanadaEconomy; #StatisticsCanada; #RBC; #Covid19Pandemic
Ottawa/Canadian-Media: Canada's economy as of the end of January had 858,000 fewer jobs than it did before the pandemic, Statistics Canada reported.
Statistics Canada. Image credit: Twitter handle
But those losses are uneven across the Board as women, who made up a majority of the workforce in hard-hit sectors like hospitality, retail, and food suffered most.
A new analysis by RBC published Thursday said that nearly 100,000 working-age Canadian women have completely left the workforce since the pandemic started, which means they aren't even trying to get a job anymore in contrast to more than 10 times smaller for men work.
"The longer these women are out of the labor force, the greater the risk of skills erosion, which could potentially hamper their ability to get rehired or to transition to different roles as the economy evolves," the RBC report says, CBC News reported.
RBC. Image credit: Twitter handle
Even when some parts of the economy are reopening, Dawn Desjardins, one of the authors of the RBC report said that understaffing due to the way the businesses work may lead to the permanent disappearance of some jobs.
Besides different industries being hit unevenly, the job losses are worse for members of certain demographic groups, like mothers, visible minorities, young people, and new immigrants are all being disproportionately impacted, the RBC reported.
Almost a year since that initial lockdown, a sizeable number of Canadian women are at risk of their skills atrophying, Desjardins finds, CBC News reported.
"There could be changes underway that are more structural in nature, that are going to be more long-lasting," she said.
She says economists even have a name for it — they call it the scarring effect. She says some of the skills you have diminish when you're not using them.
"The longer you're out, the harder it is sometimes to get back into those networks— to hear this place is happening or these are the jobs that are in demand," Desjardins said, CBC News reported.
#AirTravelersToCanada; #NewQuarantineRules; #Covid19Tests
Canada/Canadian-Media: New travel measures for travelers entering Canada would be effective from today including in advance booking of government-approved quarantine hotels, taking a COVID-19 test after landing in Canada, and spend up to three days of their 14-day quarantine period in a designated hotel to await their test results, media reports said.
Air travelers to Canada. Image credit: Facebook Page of @travelGoC
Air travelers to Canada would not be charged for their post-arrival COVID-19 test, said Public Health Agency of Canada.
With no option to book online, all travelers need to call a dedicated phone line to reserve a room for three nights. Travelers with negative test results can leave immediately and finish the rest of their 14-day quarantine at home. People who test positive will be required to finish their quarantine at a designated government facility.
"Our government has been extremely clear that very few exemptions will be consented to, and they're really related to essential travelers," Patty Hajdu, Federal Minister of Health said on Friday during a news conference.
#Ontario; #Toronto; #Peel; #NorthBayParrySound; #StayAtHomeOrderExtended
Toronto/Canadian-Media: At a news conference Friday, Ontario Premier Doug Ford said that listening to the advise of the local health officials, stay-at-home order and all existing public health and workplace safety measures are being extended in Toronto, Peel and North Bay-Parry Sound until at least March 8 citing COVID-19 rates that "still remain too high" and concerns over variants of the virus.
Doug Ford. Image credit: Twitter handle
"I know we're all tired. I know we have all sacrificed so much. But there is hope on the horizon," he said.
On Thursday Ford said that the province may grant the request made by Toronto and Peel, which logged 376 and 264 more cases of COVID-19 in today's update from the Ministry of Health. York Region reported another 108 cases.
"Our government's number one priority is the safety of all individuals and families, and that's why we are taking a gradual, cautious approach to returning regions to the Framework," said Ontario Health Minister Christine Elliott in a statement.
"These are difficult but necessary decisions, in order to protect against COVID-19 variants and maintain the progress we have all made together. Until vaccines are widely available, we continue to urge all Ontarians to follow public health advice and measures, and stay home, stay safe, and save lives."
#Canada, #CanadaJobLoss, #CanadaSmallBusiness; #CanadaEconomy; #CFIB
Toronto/Canadian-Media: Canadian Federation of Independent Business (CFIB) said in a report that one-sixth of Canadian small businesses impacted by the COVID-19-related restrictions are considering to close for good, potentially putting 2.4 million jobs at risk.
Great depression in Canada's economy. Image credit: Wikipedia
“One in six (181,000) Canadian small business owners are seriously contemplating permanently closing, putting more than 2.4 million jobs at risk (20 per cent of private sector jobs),” the report said on Thursday.
Calling Canada’s COVID-19 response a “mess”, CFIB President and CEO Dan Kelly has is questioning the effectiveness of lockdown measures in place across much of the country which could potentially impact as few as 71,000 or as much as 222,000 businesses to close permanently by the end pandemic
Thursday’s estimates are in addition to the 58,000 businesses that closed up shop in 2020, the report added.
Canada’s economic recovery is expected to be further complicated due to resurgent coronavirus pandemic.
Bank of Canada Governor Tiff Macklem said on Wednesday that he expects the country’s economy to contract by 2.5 percent in the first quarter of 2021 and warning of steeper declines if restrictive measures are extended or strengthened.
#Canada; #JobMarket; #EconomyContract; #StatisticsCanada; #Covid19
Canada/Canadian-Media: Canada had seen a downtrend in its economy by losing 63,000 jobs last month, the first time the job market contracted since the dark days of March and April, when COVID-19 was just starting, Statistics Canada reported today.
Statistics Canada. Image credit: statcan.gc.ca
It's also the first drop since April, said Statistics Canada, making economic recovery difficult.
About 636,000 fewer people in Canada with a job than there were in February.
It was noted by the Bank of Montreal economist Doug Porter 2020 will now officially go down as the worst year for Canadian jobs since 1982.
All of the lost jobs in December were in the service sector, with the food and accommodation sector with 56,700 lost jobs, due to so many restaurants having been shuttered.
"With restrictions broadening and lengthening since the December survey, we may well see another pullback in next month's report," Porter said. "But the good news, such as it is, is that Shutdown 2 is imposing a much less severe economic cost than in the spring, especially in sectors not directly affected."
Economist Brendon Bernard with job-search website Indeed said while the numbers were certainly bleak, they are not the worst-case scenario.
"If there's a silver lining, it's that things could've been worse," he said. "December's drop was nowhere near the scale of the declines we saw last spring, and some areas of the economy, like manufacturing and professional services, still achieved solid gains."
"Nonetheless, it's clear once again that the job market can't recover amid a raging pandemic."
Canadian Chamber of Commerce's Leah Nord's main concern was dropping of the participation rate — the number of working age people who either have a job or want one — by 64.9 percent.
The drop "mostly comprised of male youth and working women, likely frustrated by the job search and staying home to take care of suddenly homebound children, respectively,"
If that trend continues, that's a bad omen for the job market from here on out, Nord said.
"As we look forward, we believe that many of the rebound gains of the last seven months are at risk of being lost, signaling a potential return to darker times for Canada's labor market over the coming months."
Canada; #Finance; #IncreaseOfMaximumWageSubsidyRateTo75Percent; #CEWS; #2ndWaveOfCovi19;
Ottawa/Canadian-Media: Canada's Deputy Prime Minister and Minister of Finance, Chrystia Freeland, announced on Dec 18 the government's regulatory changes to raise the maximum wage subsidy rate to 75 percent for the period beginning Sunday, December 20, 2020, until March 13, 2021 to support workers and businesses through the tough months ahead during the second wave of the COVID-19 pandemic.
Chrystia Freeland. Image credit: Official
This flexibility of the Canada Emergency Wage Subsidy (CEWS), responsible for protecting more than 4 million jobs, since March has become targeted, allowing employers to access the maximum subsidy rate based on a single month’s revenue decline instead of three months’ decline.
The gives employers support that better reflects their current or evolving needs and will continue to support workers at businesses of every size, across Canada.
The government will monitor health and economic conditions to determine details for subsequent periods.
#Manitoba; #MidYearFinancialReport; #EconomicOutlook; #Covid19Pandemic; #GDP; #$3.2BillionInvestment; #MFSOPSF; #FiscalStabilizationAccount
Manitoba/Canadian-Media: Manitoba's Premier Brian Pallister and Finance Minister Scott Fielding announced on Dec 16 the release of its mid-year financial report and economic outlook for fiscal year-end forecast to March 31, 2021 showing $3.2 billion investment to protect Manitobans during the unprecedented fiscal and public health challenges created by COVID-19.
Image: Brian Pallister. Image credit: Twitter handle
“Our government’s number one priority is protecting our most vulnerable Manitobans from COVID-19 and ensuring our health-care system is there for all Manitobans when they need it, during the pandemic...the first and second wave of COVID-19 pandemic in the fall and early winter pandemic, and well after the pandemic...creating unprecedented challenges for our health-care system and the economy...to protect Manitobans and support local businesses," said Pallister in a news release.
A revised deficit of $2.048 billion, highest deficit in Manitoba history, with significant uncertainty in forecasting the remaining months was projected for the 2020-21 fiscal year.
“Our government will continue...to invest when and where it is needed, ensuring the public health response and individual and business supports are in place as we continue to battle COVID-19 and look ahead to vaccine deployment and the longer-term recovery,” said Fielding in the news release.
Scott Fielding. Image credit: Twitter handle
Manitoba has committed $3.2 billion in response to the health, social, and economic impacts of the pandemic and an additional $633 million above originally budgeted amounts to address the pandemic including $522 million for personal protective equipment and additional staffing costs for health-care officials.
More than $585 million was announced by the province in new supports since the first quarter report including Manitoba Bridge Grant; Safe Schools Fund and Safe Restart Contingency Fund; Safe Restart Agreement funding to municipalities, Long-term Recovery Fund; Caregiver Wage Support Program; and Pandemic Staffing Support Benefit.
Provincial revenue is forecast to be $372 million lower than budget as a result of the economic shutdown and supplementary borrowing $5 billion was approved by Manitoba legislature to address pandemic funding needs.
Having access to the domestic and international markets to meet its borrowing and financing obligations, Manitoba was able to maintain the Fiscal Stabilization Account, or rainy day fund, at $800 million, ascertaining additional liquidity reserves should the government be unable to access further borrowing.
Manitoba’s real GDP is expected to decline by 4.6 percent in 2020, then rebound in 2021 by a projected 4.1 percent.
The latest Manitoba Finance Survey of Private Sector Forecasts (MFSOPSF) indicates a strong recovery over the next two years, based on previous results.