Click here to close now.


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.


"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


Associated links


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
In his session at DevOps Summit, Bryan Cantrill, CTO at Joyent, will demonstrate a third path: containers on multi-tenant bare metal that maximizes performance, security, and networking connectivity.
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. Migration to cloud shifts computing resources from your data center, which can yield significant advantages provided that the cloud vendor an offer enterprise-grade quality for your application.
JFrog has announced a powerful technology for managing software packages from development into production. JFrog Artifactory 4 represents disruptive innovation in its groundbreaking ability to help development and DevOps teams deliver increasingly complex solutions on ever-shorter deadlines across multiple platforms JFrog Artifactory 4 establishes a new category – the Universal Artifact Repository – that reflects JFrog's unique commitment to enable faster software releases through the first pla...
Overgrown applications have given way to modular applications, driven by the need to break larger problems into smaller problems. Similarly large monolithic development processes have been forced to be broken into smaller agile development cycles. Looking at trends in software development, microservices architectures meet the same demands. Additional benefits of microservices architectures are compartmentalization and a limited impact of service failure versus a complete software malfunction....
IT data is typically silo'd by the various tools in place. Unifying all the log, metric and event data in one analytics platform stops finger pointing and provides the end-to-end correlation. Logs, metrics and custom event data can be joined to tell the holistic story of your software and operations. For example, users can correlate code deploys to system performance to application error codes.
Through WebRTC, audio and video communications are being embedded more easily than ever into applications, helping carriers, enterprises and independent software vendors deliver greater functionality to their end users. With today’s business world increasingly focused on outcomes, users’ growing calls for ease of use, and businesses craving smarter, tighter integration, what’s the next step in delivering a richer, more immersive experience? That richer, more fully integrated experience comes ab...
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
As-a-service models offer huge opportunities, but also complicate security. It may seem that the easiest way to migrate to a new architectural model is to let others, experts in their field, do the work. This has given rise to many as-a-service models throughout the industry and across the entire technology stack, from software to infrastructure. While this has unlocked huge opportunities to accelerate the deployment of new capabilities or increase economic efficiencies within an organization, i...
The web app is agile. The REST API is agile. The testing and planning are agile. But alas, data infrastructures certainly are not. Once an application matures, changing the shape or indexing scheme of data often forces at best a top down planning exercise and at worst includes schema changes that force downtime. The time has come for a new approach that fundamentally advances the agility of distributed data infrastructures. Come learn about a new solution to the problems faced by software organ...
Between the compelling mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at DevOps Summit, Charles Kendrick, CTO and Chief Architect at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how busine...
Chris Van Tuin, Chief Technologist for the Western US at Red Hat, has over 20 years of experience in IT and Software. Since joining Red Hat in 2005, he has been architecting solutions for strategic customers and partners with a focus on emerging technologies including IaaS, PaaS, and DevOps. He started his career at Intel in IT and Managed Hosting followed by leadership roles in services and sales engineering at Loudcloud and Linux startups.
SYS-CON Events announced today that Dyn, the worldwide leader in Internet Performance, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Dyn is a cloud-based Internet Performance company. Dyn helps companies monitor, control, and optimize online infrastructure for an exceptional end-user experience. Through a world-class network and unrivaled, objective intelligence into Internet condit...
The last decade was about virtual machines, but the next one is about containers. Containers enable a service to run on any host at any time. Traditional tools are starting to show cracks because they were not designed for this level of application portability. Now is the time to look at new ways to deploy and manage applications at scale. In his session at @DevOpsSummit, Brian “Redbeard” Harrington, a principal architect at CoreOS, will examine how CoreOS helps teams run in production. Attende...
Containers are revolutionizing the way we deploy and maintain our infrastructures, but monitoring and troubleshooting in a containerized environment can still be painful and impractical. Understanding even basic resource usage is difficult - let alone tracking network connections or malicious activity. In his session at DevOps Summit, Gianluca Borello, Sr. Software Engineer at Sysdig, will cover the current state of the art for container monitoring and visibility, including pros / cons and li...