Blog – Canada – Economic and Fiscal Scorecard – June 2021 and July 2021
1. Inflation - https://www.bnnbloomberg.ca/inflation-expectations-spike-to-record-at-canadian-businesses-1.1644394
2. The Mfg. plan, should is based on four pillars – workforce, innovation, exports, and a net-zero strategy https://www.canadianmanufacturing.com/manufacturing/cme-manufacturers-call-for-a-concrete-plan-on-economic-recovery-272714/ You would think good-paying jobs would be Trudeau's focus, right? Nope attacking Harper is the focus. https://www.slideshare.net/paulyoungcga/manufacturing-canada-june-2021
3. https://www.nationalnewswatch.com/2021/08/30/food-processors-want-action-from-the-next-federal-government/#.YSzGdN8pDQx If food processors want better policies, then they should not be voting for either @theJagmeetSingh or @JustinTrudeau as all they know how to do is tax and spend! https://www.slideshare.net/paulyoungcga/agriculture-and-farm-equipment-sector-july-2021@CPC_HQ
4. Job vacancies - https://thoughtleadership.rbc.com/are-sky-high-job-vacancies-in-canada-around-for-a-while/
5. Circular economy - https://www.hilltimes.com/2021/08/25/canada-and-the-nordic-countries-are-allies-in-transitioning-to-a-circular-economy-envoys/312761
6. Housing - https://betterdwelling.com/canadian-housing-affordability-got-worse-under-trudeau-but-did-he-do-the-worst/
7. USA and Canada Trade - https://www.hilltimes.com/2021/08/30/reliance-on-u-s-remains-a-threat-to-canadian-economy/314006
8. Climate change - https://www.corporateknights.com/responsible-investing/why-are-canadian-pensions-risking-our-future-by-funding-fossil-fuel-expansion/
9. International support - https://www.international.gc.ca/gac-amc/publications/odaaa-lrmado/report-rapport-18-19.aspx?lang=eng
10. Infrastructure - https://www.hilltimes.com/2021/08/25/transportation-infrastructure-key-for-canadas-economic-recovery/313242
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. 3
Agenda
• Key Metrics
• Employment – March 2021 – Canada
• Trade – February 2021 – Canada
• Manufacturing – Canada
• Housing – Canada
• Cost of Living / Canada
• Electricity
• Fiscal Update / Canada
• Blog – Internet
• Blog – Path Forward – Budget 2021
• Blog – Competitiveness
• Summary
8. 8
GDP Growth and Deficits
Source – Stats Canada, BMO, and Finance Department –
Canada
9. 9
Employment – Canada – July 2021
@MarkGerretsen @TOAdamVaughan @PattyHajdu @FilomenaTassi will spin 94K new jobs in July 2021. What
they will not say is the goods-producing sector only produce 1.3K. There is a job quality issue in Canada where
nearly 45% of new jobs pay less than 60K.
https://www.slideshare.net/paulyoungcga/employment-and-labour-market-canada-july-2021
10. 10
Trade – Canada –
June 2021
Blog – Trade – Canada – June 2021
Energy Exports -
https://www.cbc.ca/news/business/
june-trade-balance-1.6130567 -
Statistics Canada reported Thursday
that exports surged by 8.7 per cent
to $53.8 billion. Energy led the way
with exports rising by 22 per cent to
$11.3 billion. That's the largest
amount since March of 2019.
https://www.slideshare.net/pauly
oungcga/merchandise-
tradecanada-june-2021
11. 11
Manufacturing –
Canada –
Manufacturing
Blog - Manufacturing Automation:
Technology, automation key to Canadian
supply chain survival
Trade wars and nationalism, artificial
intelligence and automation all have put
pressure on global supply chains. Continuing
to add uncertainty to the mix: the
proliferation of misinformation, increasing
populism, and a resulting volatile market.
https://www.canadianmanufacturing.co
m/features/manufacturing-automation-
technology-automation-key-to-canadian-
supply-chain-survival/
https://www.slideshare.net/paulyoungcg
a/manufacturing-canada-june-2021
12. 12
Housing – Canada
Housing needs to address
Availability of land
Cost of materials
Cost of permits
Innovation (3d/Modular)
Rural vs Urban Strategy
https://www.slideshare.net/paulyoungcga/affordable-housing-and-homelessness-canada
13. 13
Cost of Living
This happens when you elect a person like @JustinTrudeau that has no grasp of finance and economics. Trudeau's statement the o
day on monetary policies is nothing that should be coming from a PM.
Insurance going up due to changes in policies, i.e., climate change
Carbon tax is having impact due to fact cost of product includes the cost to produce and deliver the goods to Canadians
More Canadians are becoming house poor.
https://www.slideshare.net/paulyoungcga/cost-of-living-canada-july-2021
14. 14
Electricity
Blog – Electricity – Canada and OECD – May 2021
https://www.slideshare.net/paulyoungcga/world-electricity-analysis-and-commentary-may-2021
Canada generates over 82% of its electricity need through clean sources of power
The United States infrastructure has little money to support the power grid as part of rolling out
electrical vehicles.
15. 15
Fiscal Monitor – Canada
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
17. 17
Path Forward for Canada
Blog – What is next for Canada
• The new normal means likely changes on how parts of the GDP work including capacity restrictions for
sectors like hospitality, tourism, and entertainment.
• Development of natural resources in sustainable way
• Protecting the environment while growing the economy
• Addressing issues with job quality
• Addressing issues with the cost of living
• Implementing tax fairness policies
• Addressing the delivery model for government including more performance audits and value for money
audits.
Source - https://www.slideshare.net/paulyoungcga/what-is-next-for-canada-may-2021
18. 18
Competitiveness
@MPJulian and the NDP
Shutdown tax-havens.
Fix the tax act.
Getting more value for money out of program spending
The focus should be on protecting the environment while
growing the economy in a sustainable way.
https://www.slideshare.net/paulyoungcga/tax-fairness-and-
business-competitiveness-analysis
19. 19
Summary
• New normal is hear to stay - https://www.slideshare.net/paulyoungcga/new-normal-for-canada-
and-the-world-248752153
• Addressing issues facing the middle class - https://www.slideshare.net/paulyoungcga/how-is-the-
middle-class-doing-in-canada
• All levels of government need a new governance model that emphasizes the size of government,
value for money, oversight, transparent, and accountability -
https://www.slideshare.net/paulyoungcga/how-to-fix-the-goverance-model-for-the-public-sector-
government
• Addressing issues with the global economy including reforming UN, WHO, WTO, and other areas of
global policies to support a more inclusive economy -
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global-economy-may-2021
• Addressing issues with debt - https://www.slideshare.net/paulyoungcga/debt-issues-global-debt-
crisis-analysis-and-commentary-248282137
20. Training and Development
• If you like to learn more
about trade and/or other
subjects as part of your
professional learning,
and development then
feel free to review my
material on
https://www.udemy.com
/ (search Paul Young
CPA CGA)
• These subjects address
how to fixed issues with
housing and/or
systemic issues related
to economy including
government policies
Editor's Notes
Source - Stats Canada, BMO, RBC, CIBC, TD Economics, Derosiers Automotive, World Steel, Association of AG Equipment, IES, US Govt, The Trucker and BNS, https://insideevs.com/news/343998/monthly-plug-in-ev-sales-scorecard/, Table: 25-10-0058-01 (formerly CANSIM 129-0006)
Source - Stats Canada, BMO, RBC, CIBC, TD Economics, Derosiers Automotive, World Steel, Association of AG Equipment, IES, US Govt, The Trucker and BNS, https://insideevs.com/news/343998/monthly-plug-in-ev-sales-scorecard/, Table: 25-10-0058-01 (formerly CANSIM 129-0006)
Source - Stats Canada, BMO, RBC, CIBC, TD Economics, Derosiers Automotive, World Steel, Association of AG Equipment, IES, US Govt, The Trucker and BNS, https://insideevs.com/news/343998/monthly-plug-in-ev-sales-scorecard/, Table: 25-10-0058-01 (formerly CANSIM 129-0006)