The Advancing Leadership Blog

PETER ANDERSEN MONTHLY ECONOMIC REPORT – MARCH 2013 – SUMMARY

Released two weeks ago, Canada’s 2013 Federal Budget as a whole was considered a relatively tame affair, accompanied by few major headlines in the national press. In his latest report, Dr Peter Andersen notes that the federal budget is counting on the economy to pick up even though the country is currently in the midst of an economic slowdown.

Post-release conversation on the budget has focused strongly on employment and skills availability, primarily through the Canada Job Grant, improved skills training for indigenous and disabled Canadians, and extension of the small business hiring credit. While this is anticipated to help fill the requirements of many businesses within certain industries, such as manufacturing in Western Canada, Andrew Jackson at The Globe and Mail suggests it does not mesh with the documented skill shortages: These are mainly in the highly skilled trades, professional health care occupations, engineering, and information technologies, all of which require significant post-secondary education.

PWC has developed a concise summary of the budget and how it may affect your business, and KPMG’s post-release budget webinar is now available on demand as well.

For further information on Canada’s economic outlook, the Peter Andersen Report is an invaluable tool for TEC members. This and previous editions of the report are now available for you to access in the TEC Canada area on Vistage Village. Access this month’s report here >

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