British Columbia is forecasting more than 630,000 people will retire from their jobs through 2032, which will force employers to restock the workforce.
The province is projecting there will be about 1,004,000 total job openings over the next decade, including the retirements.
The remaining openings, about 370,000, will be connected to economic growth and COVID-19 pandemic recovery.
The Labour Market Outlook is forecasting nearly 80 per cent of these future job openings will require some level of post-secondary education or training.
4:14 B.C. Budget 2021: Helping post-secondary students transition to the labour market
B.C. Budget 2021: Helping post-secondary students transition to the labour market – Apr 21, 2021
“Despite the challenges of the past two years, there are new opportunities ahead for people looking for good-paying careers,” Advanced Education and Skills Training minister Anne Kang said Monday.
“We’re working to break down barriers and expand affordable post-secondary and skills training opportunities so that with the right supports, the people of British Columbia can benefit from the good jobs this report projects.”
The jobs will be heavily focused in Metro Vancouver but the province is working on supporting job growth in other parts of the province. However, the province acknowledges there may be more opportunities to work remotely coming out of the pandemic.
The province has launched a new interactive career transition tool is available in multiple languages at WorkBC.ca.
The online tool will allow job searchers to access online resources, in-demand jobs and employers can be guided in their business planning.
The largest number of job openings are expected in the health care, social assistance and education industries.
This will in part include jobs in early childhood education, counselling, child protection and community housing and food services.
Science and technology jobs will also be in high demand with 111,000 job openings projected and 85,000 job openings expected in skilled trades, which will offer careers ranging from cooks and automotive service technicians to construction workers and hairstylists.
“B.C. continues to lead Canada’s economic recovery with more than 100,000 jobs added in 2021,” Jobs and Economic Recovery minister Ravi Kahlon said.
“By continuing to invest in people, we will build a stronger, more inclusive workforce and prepare British Columbians to compete on a global stage.”
TORONTO – Restaurant Brands International Inc. reported net income of US$357 million for its third quarter, down from US$364 million in the same quarter last year.
The company, which keeps its books in U.S. dollars, says its profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 compared with 79 cents US per diluted share a year earlier.
Revenue for the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs, totalled US$2.29 billion, up from US$1.84 billion in the same quarter last year.
Consolidated comparable sales were up 0.3 per cent.
On an adjusted basis, Restaurant Brands says it earned 93 cents US per diluted share in its latest quarter, up from an adjusted profit of 90 cents US per diluted share a year earlier.
The average analyst estimate had been for a profit of 95 cents US per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.
ST. JOHN’S, N.L. – Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year.
The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept. 30, up from 81 cents per share a year earlier.
Fortis says the increase was driven by rate base growth across its utilities, and strong earnings in Arizona largely reflecting new customer rates at Tucson Electric Power.
Revenue in the quarter totalled $2.77 billion, up from $2.72 billion in the same quarter last year.
On an adjusted basis, Fortis says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share in the third quarter of 2023.
The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.
TORONTO – Thomson Reuters reported its third-quarter profit fell compared with a year ago as its revenue rose eight per cent.
The company, which keeps its books in U.S. dollars, says it earned US$301 million or 67 cents US per diluted share for the quarter ended Sept. 30. The result compared with a profit of US$367 million or 80 cents US per diluted share in the same quarter a year earlier.
Revenue for the quarter totalled US$1.72 billion, up from US$1.59 billion a year earlier.
In its outlook, Thomson Reuters says it now expects organic revenue growth of 7.0 per cent for its full year, up from earlier expectations for growth of 6.5 per cent.
On an adjusted basis, Thomson Reuters says it earned 80 cents US per share in its latest quarter, down from an adjusted profit of 82 cents US per share in the same quarter last year.
The average analyst estimate had been for a profit of 76 cents US per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.
