2023 Q4 Canadian Survey on Business Conditions Report by BDL

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One quarter of businesses that employ regulated occupations considered hiring workers from another province or territory. Did your organization employ regulated occupations in the past 12 months % of respondents; all and top 5 industries Did your organization hire or consider hiring individuals with a professional certification or industry license from another province or territory % of respondents that employed regulated occupations All industries 28% 72% All industries 26% 74% Health care Finance and insurance 42% Health care, social 44% assistance 56% Finance 58% and insurance 20% 31% 80% 69% 34,000 Professional services 36% Professional 64% services 25% 75% Mining, oil and gas 35% Mining, 65% oil and gas 44% 57% Construction Yes 34% No 66% Construction 19% Yes No 81% Estimated number of organizations that considered hiring individuals with a professional certification or industry license from another province or territory but did not. Source: Statistics Business Canada, Data Lab <strong>Canadian</strong> analysis based <strong>Survey</strong> on on Statistics Business Canada’s Conditions, <strong>Canadian</strong> <strong>Survey</strong> on Business Conditions; 15,963 15,976 businesses responses surveyed in in October January and November February <strong>2023</strong>. <strong>Canadian</strong> Chamber of Commerce | Business Data Lab 38
Time, cost and effort all cited as challenges when hiring individuals in regulated occupations from another province or territory. Obstacles experienced during the hiring or consideration process of individuals with a professional certification or industry license from outside of the province or territory where the business is located over the last 12 months % of respondents that employed regulated occupations 36% 34% 30% 23% 21% 18% 16% 10% Time waiting for candidates to be recertified or licensed in the new province or territory None Cost associated with hiring an individual from another province or territory Effort to verify certification or licence with appropriate regulatory body Amount of paperwork or forms to fill out Concerns over scope of knowledge or skills due to their certification or licence coming from another province or territory Concerns over individuals’ language proficiency Other obstacle Source: Statistics Business Canada, Data Lab <strong>Canadian</strong> analysis based <strong>Survey</strong> on on Statistics Business Canada’s Conditions, <strong>Canadian</strong> <strong>Survey</strong> on Business Conditions; 15,963 15,976 businesses responses surveyed in in October January and November February <strong>2023</strong>. <strong>Canadian</strong> Chamber of Commerce | Business Data Lab 39
Page 1 and 2: Q4 2023</s
Page 3 and 4: Key findings Business Outlook: •
Page 5 and 6: Key findings (continued) CEBA Loans
Page 7 and 8: Outlook according to Canadi
Page 9 and 10: Next quarter: Businesses expect nea
Page 11 and 12: Next quarter: Micro firms have the
Page 13 and 14: Year ahead: Manufacturing, entertai
Page 15 and 16: By region: Business optimism is hig
Page 17 and 18: Business obstacles
Page 19 and 20: Several challenges eased, including
Page 21 and 22: Context: Inflation peaked at over 8
Page 23 and 24: Industries facing stronger labour c
Page 25 and 26: Most businesses (56%) are significa
Page 27 and 28: CEBA loans
Page 29 and 30: Construction, accommodation and foo
Page 31 and 32: Labour markets
Page 33 and 34: Labour challenges are easing, but r
Page 35 and 36: Businesses expect wage growth to sl
Page 37: Labour mobility and skill gaps
Page 41 and 42: Businesses are addressing skills ga
Page 43 and 44: Survey methodology

2023 Q4 Canadian Survey on Business Conditions Report by BDL

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