BMO: Canadian Employment Steady, But Cooling \u2013 Poll Shows A Split In Workers Expecting a Raise or Promotion – The title of the feed item<\/p>\n
Following the release of these numbers, BMO issued the results of a survey conducted by Leger Marketing that found many Canadians are divided on how they view where they\u2019re going in their job. More than one in four (28 per cent) said they\u2019re expecting a raise or promotion in the next year. On the other hand, 23 per cent feel there is no possibility of a raise or promotion.<\/p>\n
The 2011 BMO Labour Day Survey also found that 51 per cent are comfortable with their job security.<\/p>\n
\u201cWhile month-to-month dips shouldn\u2019t be weighed too heavily, the underlying trend in Canada\u2019s job market is beginning to cool. Full-time jobs were a highlight, again posting a solid gain of 25,700,\u201d said Douglas Porter, Deputy Chief Economist, BMO Capital Markets. \u201cHowever, private sector and goods-producing jobs fell in the month. As well, after a steady drop in the past year, the unemployment rate nudged up a tick to 7.3 per cent, although still down from 8.1 per cent a year ago. Even with the headline jobs setback, total hours worked did rise 0.3 per cent in the month, and are headed for a solid Q3 reading.\u201d<\/p>\n
According to BMO Economics, the high Canadian dollar is forcing many Canadian companies to increase their competitiveness by improving productivity.<\/p>\n
\u201cWhen it comes to productivity, there is still room for improvement as Canada lags behind the U.S. However, the good news is that Canadian companies have not been faced with the same pressure for job cuts as their U.S. counterparts,\u201d said Cathy Pin, Vice-President, Commercial Banking, BMO Bank of Montreal. \u201cOur research shows that while some feel the prospects in their current role are limited, there is an equal positive view as more Canadians feel they have a promotion or a raise to look forward to, and even more feel overall that they are secure in their job.\u201d<\/p>\n
Regional Survey Results – those who said they feel they are up for a raise or promotion:<\/p>\n
Province\/Region<\/strong><\/strong><\/td>\n| Percentage<\/strong><\/strong><\/td>\n<\/tr>\n | Atlantic Canada<\/td>\n | 25%<\/td>\n<\/tr>\n | Quebec<\/td>\n | 31%<\/td>\n<\/tr>\n | Ontario<\/td>\n | 25%<\/td>\n<\/tr>\n | Manitoba\/Saskatchewan<\/td>\n | 35%<\/td>\n<\/tr>\n | Alberta<\/td>\n | 30%<\/td>\n<\/tr>\n | British Columbia<\/td>\n | 26%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n | Those who said they feel they\u2019re in a dead-end job, and their company isn\u2019t in a position to offer promotions, raises or bonuses:<\/p>\n
|