Here is my work on monetary policies

1. WHAT IS MONETARY
POLICY AND WHY IS
IT IMPORTANT TO
GOVERNMENT
Paul Young CPA CGA
September 1, 2021

2. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos

3. AGENDA
• What is monetary policies?
• Canada and Inflation
• Canada and Producer Price
• Housing
• Cost of Living
• Household Debt
• GDP
• Fiscal Management

4. WHAT IS MONETARY POLICY
Source - https://www.investopedia.com/terms/m/monetarypolicy.asp

5. CANADA AND INFLATION

6. CANADA PRODUCE PRICE INDEX

7. HOUSING AND CANADA

8. COST OF LIVING

9. HOUSEHOLD DEBT
housing-affordability.
pdf

10. DEBT LEVELS
AND
CANADIANS
Source -
https://mnpdebt.ca/en/reso
urces/mnp-consumer-debt-
index

11. BOC
CONCERNS
https://www.bankofcanada.ca/2
019/12/big-issues-ahead-the-
banks-2020-vision/

12. DID JUSTIN TRUDEAU HAVE THE
ANSWERS FOR GDP
• Justin Trudeau took an economy growing at 2.3$ (Post-2009 recession to annual growth on average of 2.1%.
Trudeau seen GDP go from 3.0 in 2017 to 1.6 in 2019.
• Trudeau deficits did little to address systemic issues with the economy, i.e., productivity, building a resilient
supply chain, reducing gridlock, addressing issues with household debt.
• BOC buying government bonds - https://www.bnnbloomberg.ca/bank-of-canada-already-pushing-limits-of-
domestic-bond-market-1.1513097
• Canada economy - Blog – GDP – Canada by Industry – May 2021 -
https://www.slideshare.net/paulyoungcga/gdp-canada-naics-may-2021
• Canada economy – 2019 - https://www.slideshare.net/paulyoungcga/2019-election-world-economy-slow-
growth-canada-july-2019
• GDP – 2021 Despite all the deficits the economy continues to face major headways for the rest of 2021. It
goes to show Canadians that economies do not grow from the heart as @JustinTrudeau predicted a few
years ago! https://www.slideshare.net/paulyoungcga/gdp-canada-analysis-and-commentary-june-2021

13. GOVERNMENT AND MONETARY
POLICIES
• The government needs to grasp the BOC policies as part of any fiscal management cycle. Trudeau has since
day one increase the budget deficit without addressing key areas impacting supply chain and the
affordability of housing. Trudeau carbon tax had an impact on inflation.
https://www.investopedia.com/ask/answers/100314/whats-difference-between-monetary-policy-and-fiscal-
policy.asp
• Inflation is now at 3.7% which is a concern of the BOC - https://www.bankofcanada.ca/2016/10/renewal-of-
the-inflation-control-target-2016/

14. FISCAL MANAGEMENT CYCLE
Taxes are up in Canada and spending is down based on the latest Fiscal Monitor
https://www.slideshare.net/paulyoungcga/fiscal-management-public-sector-canada Nowhere are any of the parties
discussing the need to get better value for tax dollars, why?
@theJagmeetSingh now thinks it is time to shut down tax havens. You would think that from Oct/19 until the election
call that he would have push bills to shut the havens down, right?
2018 https://www.slideshare.net/paulyoungcga/offshore-tax-havens-march-2018
2020 https://www.slideshare.net/paulyoungcga/closing-down-of-tax-havens
2021 - https://www.slideshare.net/paulyoungcga/2021-election-tax-policies-tax-havens-and-other-tax-policies