Trudeau promised billions of infrastructure money - https://www.cbc.ca/news/politics/canada-election-2015-liberals-infrastructure-deficits-1.3206550 The problem is money either has been slowed or never arrived Trudeau only loan from the Infrastructure bank was to Montreal Transit Trudeau has given moneys to Ontario in the past - https://www.cbc.ca/news/canada/toronto/trudeau-transportation-1.3569602, but that was before Doug Ford was elected as the Premier Transit tax credits were eliminated by Trudeau and yet were effective on helping the middle class - https://www.slideshare.net/paulyoungcga/monthly-transit-analysis-and-commentary-january-2019 Trudeau rebranded the gas tax and build Canada funds as his own. (former CPC programs)

1. 2019 Election –
Infrastructure
Spending – April
2019
PAUL YOUNG CPA, CGA
APRIL 13, 2019

2. Paul Young - Bio
• CPA, CGA
• Financial Solutions
• SME – Business Process Changes
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
• Academia – Advance Accounting, Public
Finance and Advanced Management
Systems
Contact information:
Paul_Young_CGA@Hotmail.com

3. Agenda
 Building Permits – June 2018
 Money Flow / Fiscal Management – May 2018
 Canada Infrastructure Bank
 GDP and Construction
 Issues with the Liberal Infrastructure Plans
 Transit
 Trudeau and the Provinces
 FDI – Canada
 GDP / Capital Investment
 Business Investment
 Capital inflow and outflow
 Blog – Trudeau and Infrastructure

4. Introductory
 Trudeau promised billions of infrastructure money -
https://www.cbc.ca/news/politics/canada-election-2015-liberals-infrastructure-
deficits-1.3206550
 The problem is money either has been slowed or never arrived
 Trudeau only loan from the Infrastructure bank was to Montreal Transit
 Trudeau has given moneys to Ontario in the past -
https://www.cbc.ca/news/canada/toronto/trudeau-transportation-1.3569602, but
that was before Doug Ford was elected as the Premier
 Transit tax credits were eliminated by Trudeau and yet were effective on helping the
middle class - https://www.slideshare.net/paulyoungcga/monthly-transit-analysis-
and-commentary-january-2019
 Trudeau rebranded the gas tax and build Canada funds as his own. (former CPC
programs)

5. Building Permits – December 2018
@FP_Champagne
 Where is the money?
 https://www.canadianmanufacturing.com/
procurement/liberals-showcase-benefits-
of-billions-spent-on-infrastructure-
projects-217620/
 It has not flowed All you ever to is
highlight your policy, but do not show
evidence that it is working!
@MichelleRempel @ontarioisproud
Source https://www150.statcan.gc.ca/n1/daily-
quotidien/190206/dq190206a-eng.htm

6. Fiscal Monitor / January 2019
Source – Fiscal Monitor - https://www.fin.gc.ca/fiscmon-revfin/2019/2019-01-eng.asp
• Where is the gas tax money
for the municipalities, Cities,
Towns etc?
• Where is dedicated funding
in terms of its’ flow?
• CCA raised concerns that
money was not flowing -
http://www.cca-
acc.com/press-release/ccas-
2018-budget-reaction/

7. Canada Infrastructure Bank
Source - https://ontarioconstructionreport.com/a-new-sustainable-model/
The federal government is looking at partnerships through the Investing In Canada Lens. In
the 2016 Fall Economic Statement and Budget 2017, the government gave its long-term
vision for its infrastructure plan and committed to invest an additional $81 billion through
to 2027-2028 in public transit; green infrastructure; social infrastructure; trade and
transportation infrastructure; and rural and northern communities; and introduced the
Smart Cities Challenge.
Of that money, $33 billion in funding will be delivered through Integrated Bilateral
Agreements between the federal government, and each of the provinces and territories.
And of that $33 billion, $9.2 billion will go towards green infrastructure projects.
Show me the money!!!!

8. Building Permits / GDP - Construction
Source – Stats Canada - https://www150.statcan.gc.ca/n1/daily-quotidien/190408/dq190408a-eng.htm
• Canadian municipalities issued $7.8 billion worth of building permits in February, down
5.7% from the previous month. The decline was largely due to lower construction
intentions for multi-family dwelling
• Municipalities issued $2.9 billion worth of non-residential building permits in February,
edging down 0.5% from the previous month. The decline stemmed from lower values of
commercial permits (-$114 million), which posted sharp increases in November and
December.

9. List of Infrastructure Bank loans
 Montreal Transit - https://www.theglobeandmail.com/business/article-
canada-infrastructure-bank-loaning-128-billion-to-montreal-electric/
 Project Review - https://www.on-sitemag.com/infrastructure/canada-
infrastructure-bank-actively-engaged-in-reviewing-10-projects-for-
investment/1003961052/
The institution, which was designed to finance Canadian infrastructure that may otherwise not be built, has
been allotted $35 billion in federal funds over the next decade to help bridge the gap between public and
private infrastructure.
Pierre Lavallée, the CIB’s president and CEO, disclosed the engagement process for the 10 potential projects
in a keynote address at the annual conference of the Canadian Council for Public-Private Partnerships in
Toronto Nov. 6.
“We’ve jumped into our investment mandate with both feet,” he said, adding that the bank has also held
discussions on 45 other projects, some of which may also move onto the active engagement phase in the
future.
Pierre Lavallee – Site Mag – November 6, 2018

10. Annual Report / Infrastructure Bank
Source - https://cib-bic.ca/wp-content/uploads/2018/10/CIB_2017-18_AR_English.pdf

11. 2015 Election Platform / Infrastructure
Source - https://www.theglobeandmail.com/news/politics/the-decisions-behind-the-scenes-of-the-liberals-infrastructure-
plan/article26375251/ or https://thetyee.ca/Opinion/2017/02/14/Broken-Liberal-Promises/ or
https://torontosun.com/opinion/columnists/gunter-numbers-are-in-and-trudeaus-infrastructure-plan-is-largely-useless

12. Infrastructure /
Liberals - Failures
Source -
https://nationalpost.com/news/poli
tics/years-into-the-liberals-
ambitious-infrastructure-program-
have-the-promised-economic-
benefits-borne-out

13.  Stats Canada
Large Urban Transit – Ridership (Express in
millions) • Transit Ridership was growing each
year since 2015
• All groups of people are benefiting
from the transit cut
*** Transit is heavily subsidized by Government

14. Trudeau and the Provinces
Source - https://nationalpost.com/pmn/news-pmn/canada-news-pmn/provinces-not-co-
operating-to-get-infrastructure-projects-underway-trudeau

15. Foreign Direct Investment / FDI

16. GDP by Gross Expenditure / Business Investment

17. Business Investment
Source – Fraser Institute - https://www.fraserinstitute.org/studies/capital-investment-in-canada-recent-behaviour-and-implications

18. Capital Inflow and Outflow
SOURCE – STATS CANADA

19. FDI – 2017
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/180425/dq180425a-eng.pdf
The growth in the value of foreign direct investment in Canada in 2017 was concentrated in the wholesale trade industry, up 8.6% to
$74.7 billion, followed by an 8.0% increase in the finance and insurance industry to $137.0 billion. The stock of investment in oil and gas
extraction dropped 7.4% to $ 162.2 billion, as direct investors from abroad sold some of their assets back to Canadian investors.
Manufacturing declined 0.3%, mainly on a 15.8% reduction in the petroleum and coal products manufacturing industry. Despite
the decrease, manufacturing remained the top industry for foreign direct investment in Canada, with a 21.4% share at the end
of 2017.
Although it remains the largest industry for foreign direct investment in Canada, foreign investment in the manufacturing industry has not
kept pace with overall investment trends over the past decade, with that industry's share down significantly from the 32.7% share it held
in 2008. During the same period, the shares of management of companies and enterprises, finance and insurance and mining and oil and
gas extraction have all increased. In the case of the management of companies and enterprises industry, some of these companies may
also have activities that are tied to other industries such as manufacturing and mining and oil and gas extraction.

20. Blog #1 – Trudeau Infrastructure
 Source - https://www.canadianmanufacturing.com/manufacturing/ford-government-wont-work-with-federal-
liberals-on-building-projects-trudeau-231128/
 @JustinTrudeau
 “Premier Doug Ford’s government has yet to say on which projects, including transit, it wants to partner with
Ottawa.”
 How come the gas transfers are down nearly 9% YTD January 2019? It seems to me that it is your govt holding
money back as part of your re-election campaign?
 How many loans has the Infrastructure bank provided? The only loan is to Montreal Transit, right?
https://www.cbc.ca/news/politics/infrastructure-bank-montreal-metro-rail-loan-1.4794751
 BTW:
 It has been your govt that has slow infrastructure money to a crawl since you took office. I suggest you own this
issue, but you won’t because you never own anything when it comes to your failures!
 https://www.slideshare.net/paulyoungcga/infrastructure-and-business-investment-canada-analysis
 @jkenney @fordnation @BlaineHiggs @PremierScottMoe @Brian_Pallister
@FP_Champagne
Your govt continues to mislead when it comes to infrastructure.

21. What’s next
 Liberals need to get the money out the door. There has been delays -
http://cutaactu.ca/en/news-media/latest-news/liberals-infrastructure-
program-problems-detailed-internal-documents
 Liberals are not getting pension fund takers for transit, roads and bridges -
https://www.thestar.com/news/canada/2018/06/01/quebec-pension-fund-
seeks-higher-returns-by-taking-on-transit-project.html
 Liberals are doing little get goods out of the ground and to market. C69
needs to be killed
 Canada needs to be more competitive with all its policies, i.e. taxation,
regulatory environment, etc.
https://www.slideshare.net/paulyoungcga/business-competitivesness-
canada-march-2019