Welcome!

News Feed Item

Economic Action Plan 2014 will create jobs and opportunities in Newfoundland and Labrador

ST. JOHN'S, Feb. 14, 2014 /CNW/ - In a keynote speech today at the Newfoundland & Labrador Employers' Council's annual Employer of Distinction Awards luncheon, the Honourable Jason Kenney, Minister of Employment and Social Development, congratulated award winners on their success, highlighted the tremendous opportunities facing Newfoundland and Labrador and outlined how Economic Action Plan 2014 will help the province's economy continue to grow and create jobs.

The Newfoundland and Labrador economy has become a powerhouse in Canada, leading the country in economic growth last year and being near the top of employment gains in Canada since the depths of the global recession. By returning the budget to balance next year, the Government of Canada is strengthening Canada as a strong and stable fiscal climate that encourages investment, economic growth and job creation.

Economic Action Plan 2014 includes a number of initiatives to ensure workers in Newfoundland and Labrador have the skills needed to take advantage of these opportunities. The creation of the Canada Apprentice Loan will provide apprentices registered in their first Red Seal trade with access to interest-free loans of up to $4,000 per period of technical training. The new Flexibility and Innovation in Apprenticeship Technical Training pilot project will explore ways to allow apprentices to continue working while fulfilling the technical training requirements of their programs. Additionally, Economic Action Plan 2014 reaffirms the Government of Canada's commitment to create the Canada Job Grant, which will result in employer-driven training that leads to a guaranteed job.

Quick facts

  • According to the annual inventory of the Atlantic Provinces Economic Council, $54 billion worth of major investment projects is being developed in Newfoundland and Labrador—nearly half of all the major investment projects in Atlantic Canada.

  • Last year, more than 1 100 new projects got off the ground—an increase of 12 percent over the previous year.

  • Major projects in Newfoundland and Labrador injecting new money into the province's economy are Hibernia, with its $6 billion in expenditures; Terra-Nova, at $2.8 billion; and White Rose, at $2.35 billion.

Quotes

"Our government's top priorities are creating jobs, economic growth and long-term prosperity for Canadians. The Government of Canada will be there to help Newfoundland and Labrador take advantage of the tremendous opportunities available to it and is committed to ensuring workers in Newfoundland and Labrador have the skills required to fill the increasing number of jobs available in the province."

- The Honourable Jason Kenney, Minister of Employment and Social Development and Minister for Multiculturalism

"The role of government is to create competitive conditions to generate benefits for the people of Newfoundland and Labrador. The Newfoundland & Labrador Employers' Council is extremely pleased to have Minister Kenney join our Employer of Distinction Awards ceremony to discuss the federal government's initiatives to connect Canadians with available jobs."

- Richard Alexander, Executive Director, Newfoundland & Labrador Employers' Council

Related products

Backgrounder
Speech

Associated links

Backgrounder

Canada Job Grant

The Canada Job Grant will help Canadians get the training they need for available jobs and put skills training decisions in the hands of employers. It will provide up to $15,000 per person, which is cost-shared by employers. The Grant will be flexible enough to meet the needs of businesses of all sizes, in all industries and regions. Businesses with a plan to train Canadians for an existing job or a better job will be eligible to apply for a Canada Job Grant once implemented in 2014.

The Canada Job Grant is strongly supported by employers and other stakeholders including:

  • The Building and Construction Trades Department, AFL-CIO
  • National Association of Career Colleges
  • Canadian Federation of Independent Business
  • Canadian Manufacturers & Exporters
  • Canadian Construction Association
  • Information Technology Association of Canada
  • Welding Bureau
  • Engineers Canada
  • Progressive Contractors Association of Canada
  • Christian Labour Association of Canada
  • Canadian Home Builders' Association
  • Canadian Shipowners Association
  • Canadian Electricity Association
  • Canadian Institute of Plumbing & Heating
  • Merit Canada
  • Polytechnics Canada
  • Prospectors and Developers Association of Canada
  • Chemistry Industry Association of Canada
  • Aerospace Industries Association of Canada

Economic Action Plan 2014

To help registered apprentices with the cost of their training and encourage more Canadians to consider a career in the skilled trades, the Canada Apprentice Loan will offer interest-free loans of up to $4,000 per period of technical training and will defer interest charges and loan repayment until the recipients complete or cancel their study program. It is estimated that at least 26 000 apprentices per year will apply for over $100 million in loans.

The Flexibility and Innovation in Apprenticeship Technical Training pilot project will help reduce non-financial barriers to completing training and obtaining certification by using new learning tools such as in-class simulators, e-learning modules, remote learning sites and video conferencing. This will help apprentices continue working and earning while fulfilling the technical training requirements of their study program. This project could potentially support up to 12 multi-year projects through reallocations of $13 million over four years starting in 2014-2015.

The Government will ensure increased awareness of existing financial supports available through Employment Insurance (EI) so apprentices can start to receive benefits more quickly while on technical training. Through EI's Supplemental Unemployment Benefit plan, employers can also invest more in apprenticeship training by choosing to top up an apprentice's benefits by up to 95 percent of his or her normal wage.


SOURCE Employment and Social Development Canada

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The cloud competition for database hosts is fierce. How do you evaluate a cloud provider for your database platform? In his session at 18th Cloud Expo, Chris Presley, a Solutions Architect at Pythian, will give users a checklist of considerations when choosing a provider. Chris Presley is a Solutions Architect at Pythian. He loves order – making him a premier Microsoft SQL Server expert. Not only has he programmed and administered SQL Server, but he has also shared his expertise and passion w...
Advances in technology and ubiquitous connectivity have made the utilization of a dispersed workforce more common. Whether that remote team is located across the street or country, management styles/ approaches will have to be adjusted to accommodate this new dynamic. In his session at 17th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., focused on the challenges of managing remote teams, providing real-world examples that demonstrate what works and what do...
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
Eighty percent of a data scientist’s time is spent gathering and cleaning up data, and 80% of all data is unstructured and almost never analyzed. Cognitive computing, in combination with Big Data, is changing the equation by creating data reservoirs and using natural language processing to enable analysis of unstructured data sources. This is impacting every aspect of the analytics profession from how data is mined (and by whom) to how it is delivered. This is not some futuristic vision: it's ha...
Silver Spring Networks, Inc. (NYSE: SSNI) extended its Internet of Things technology platform with performance enhancements to Gen5 – its fifth generation critical infrastructure networking platform. Already delivering nearly 23 million devices on five continents as one of the leading networking providers in the market, Silver Spring announced it is doubling the maximum speed of its Gen5 network to up to 2.4 Mbps, increasing computational performance by 10x, supporting simultaneous mesh communic...
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, will discuss using predictive analytics to ...
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, will discuss how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved effi...
Sensors and effectors of IoT are solving problems in new ways, but small businesses have been slow to join the quantified world. They’ll need information from IoT using applications as varied as the businesses themselves. In his session at @ThingsExpo, Roger Meike, Distinguished Engineer, Director of Technology Innovation at Intuit, showed how IoT manufacturers can use open standards, public APIs and custom apps to enable the Quantified Small Business. He used a Raspberry Pi to connect sensors...
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...
Father business cycles and digital consumers are forcing enterprises to respond faster to customer needs and competitive demands. Successful integration of DevOps and Agile development will be key for business success in today’s digital economy. In his session at DevOps Summit, Pradeep Prabhu, Co-Founder & CEO of Cloudmunch, covered the critical practices that enterprises should consider to seamlessly integrate Agile and DevOps processes, barriers to implementing this in the enterprise, and pr...
The principles behind DevOps are not new - for decades people have been automating system administration and decreasing the time to deploy apps and perform other management tasks. However, only recently did we see the tools and the will necessary to share the benefits and power of automation with a wider circle of people. In his session at DevOps Summit, Bernard Sanders, Chief Technology Officer at CloudBolt Software, explored the latest tools including Puppet, Chef, Docker, and CMPs needed to...
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.
Data-as-a-Service is the complete package for the transformation of raw data into meaningful data assets and the delivery of those data assets. In her session at 18th Cloud Expo, Lakshmi Randall, an industry expert, analyst and strategist, will address: What is DaaS (Data-as-a-Service)? Challenges addressed by DaaS Vendors that are enabling DaaS Architecture options for DaaS