Canadian Workers in Their 50s and 60s: Overlooked and Underutilized
Canadians are currently dealing with a broad range of challenges despite, and partially because of, the robust economic environment. Decades-high inflation, rising interest rates, and a moderation in housing market activity are top of mind for Canadians and, as a result, for politicians. Somewhat lost in these developments is the critical labour shortage faced by Canadian businesses. Simply put, it has never been as difficult to attract and retain workers in this country. Failure to address these shortages represents a critical obstacle to current and future growth: using rough estimates of real GDP per employee, GDP could rise by $11bn for every 100,000 jobs created. If we could find a way to fill the million vacancies that currently exist, we could raise our GDP by over $100bn, or roughly 5% assuming average productivity remains the same. The cost of these vacancies is enormous.
There are no easy fixes to this, and while immigration has helped and will continue to help, much more effort is required to deal with this critical shortage. Governments are acting decisively to raise female participation in the workforce through ambitious policies to reduce childcare costs and increase the number of spaces. This is very welcome. We believe bold and ambitious policy initiatives are also required to ensure that Canada benefits more from the immense human capital in older Canadians. Finding ways to retain older workers in the Canadian job market could go a long way to reducing the critical labour shortages we have faced in the last few years.
Read More: Scotiabank.com
Ready for reunions with grandkids and friends? Travel tips for flying through summer
(NC) It may have been a couple years since you boarded a flight. Whether you’re off to see friends who live far away or to visit loved ones for the first time in a while, here are some tips to make security screening go smoothly.
Pack smart
Prescription and essential non-prescription liquid medications in quantities more than 100 millilitres are allowed in your carry-on bag, so are pill trays. You can also travel with any mobility aids and assistive devices you may need.
Arrive early
Many people don’t consider the time it may take to park, get checked in, and get through security. For those flying to the U.S., add customs to that list. It’s best to arrive at your departing airport well in advance of your flight – two hours in advance for domestic flights and three hours in advance for U.S. and international flights.
Prepare for security screening
Carry-on items that can pour, spray, or spread must be limited to no more than 100 ml per container. These items are referred to as liquids, aerosols, and gels (LAGs) and include things like sunscreen, hand lotion and shaving scream.
To breeze through security, be sure to:
Place your LAGs in a clear, 1 litre resealable bag and be ready to remove this bag from your carry-on so the screening officers can inspect it.
Place coins, keys, watches, large jewelry, and small metal items in your carry-on.
Make sure you remove your medications so the screening officer can inspect them. Because prescription and essential non-prescription medication LAGs are exempt, they do not have to go in the litre bag.
Unpack your laptop computer and place it in a bin. Put something with it so you know it’s yours.
Finally, remove outerwear, including hats, sunglasses, belts and shoes, and place them in a bin.
Proper packing, arriving early and taking steps to get through security smoothly will help you fly through summer.
Find more information at catsa.gc.ca
www.newscanada.com
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