As an investment advisor, when I meet with my millennial and boomer clients I am often reminded of how much they can learn from each other: millennials, with their dynamic optimism to enjoy life in the now, and boomers, who can model the lessons and benefits of saving over time. But millennials (aged 22 to 37) do face some unique generational challenges.

While today’s federal budget offers a broad range of initiatives for a stronger country, key opportunities to accomplish more were missed, according to Chartered Professional Accountants of Canada (CPA Canada).

Competition for the right talent is tight. B.C.’s job vacancy rate reached a high of 4.8 per cent in Q3 2018, and employers in all industries are struggling to fill positions. This issue will likely worsen over the next decade as our economy continues to expand and more workers are set to retire. In fact, nearly three-quarters of B.C. CPAs identified the ability to attract and retain talent as the number one challenge for their business in our annual Business Outlook Survey. In a recent economic roundtable held in Vancouver with executive CPAs, we discussed possible solutions.