The economy grew at an annualized rate of 3.1 per cent in the first quarter, helped by business investment and household spending, Statistics Canada said Tuesday. The result was down from an annualized rate of 6.6 per cent in the fourth quarter of 2021. Statistics Canada said the change came as export volumes dropped 2.4 per cent for the quarter, following two consecutive quarterly increases. Meanwhile, the agency said household spending rose 0.8 per cent in the first quarter, to mark a third consecutive quarterly increase. Spending on durable goods gained 2.6 per cent in the first quarter, helped by a 16.1 per cent increase in spending on new passenger cars and a 3.5 per cent gain for new trucks, vans and sport utility vehicles. Source - https://ca.finance.yahoo.com/news/statistics-canada-release-gdp-figures-080000031.html

1. GDP ANALYSIS AND
COMMENTARY – CANADA –
MARCH 2022
Paul Young CPA CGA
May 31, 2022

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
• GDP Forecast
• G7 GDP
• Employment Growth vs GDP Growth
• GDP by Industry
• GDP per capita
• Blog / Slow Growth
• Blog / Circular Economy
• Stock Market
• Supply Chain
• Green Inflation with the Circular and Green Economy
• Automation
• Summary
• Education/Skills Development

4. GDP
FORECAST
Source – Scotiabank and
Government of Canada
BNS_Forecast.pdf

5. G7 GDP GROWTH

6. GDP (LPC VS CPC)

7. GDP BY INDUSTRY
https://www150.statcan.gc.ca/n1/daily-quotidien/220429/dq220429a-eng.htm
GDP - March
2022.pdf

8. GDP BY INDUSTRY
https://www150.statcan.gc.ca/n1/daily-quotidien/220429/dq220429a-eng.htm
GDP - March
2022.pdf

9. PER CAPITA INCOME / CANADA
GDP by inccome and
Expense - March 2-22.pdf

10. BLOG – SLOW GROWTH
• Canada’s economy went from 3% in 2017 to 1.9% in 2019. The USA economy grew at 2.2% in 2019.
• Canada took $1B surplus YTD Nov/15 and turned that into 15B+ deficit for growth on average of 2.0%. The CPC
were averaging 2.3% growth post-2009 recession.
• Goods-service sector lags the service sector in terms of job growth
• All levels of government have not prioritized the supply chain including making key products strategic to the
health of the economy - https://www.slideshare.net/paulyoungcga/how-to-reshore-supply-chain-management
Here is my previous work on the economy:
• 2016 https://www.slideshare.net/paulyoungcga/2016-november-2016-gdp-gross-domestic-product-canada
• 2018 https://www.slideshare.net/paulyoungcga/gdp-canada-the-real-truth
• Oct/19 - https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp
• Dec/20 https://www.slideshare.net/paulyoungcga/scorecard-and-gdp-canada-december-2020-and-november-2020
• Pandemic
• https://www.slideshare.net/paulyoungcga/how-best-to-managed-a-pandemic-february-14-2021

11. CIRCULAR ECONOMY AND THE
ENVIRONMENT
Here is a brief look at the circular economy. Data, AI, security, and platform can play a key role in
supporting the low-carbon economy. https://www.slideshare.net/paulyoungcga/how-to-maximized-
the-circular-economy-249424158

12. CANADA AND STOCK MARKET
PRESENTATION TITLE 12
Rate Relief.pdf

13. UNITED STATES – STOCK MARKET
PRESENTATION TITLE 13
Rate Relief.pdf

14. STOCK MARKET W/E MAY 27, 2022
Summary:
The S&P gained 2.5%. The Nasdaq composite jumped 3.3% and the Dow Jones Industrial Average closed 1.8% higher.
The small-cap Russell 2000 gained 2.7%. Volume was mixed, rising on the Nasdaq but falling on the New York Stock
Exchange compared to the same time Thursday.
Meanwhile, the yield on the benchmark 10-year Treasury note slid to 2.74%. West Texas Intermediate crude oil rose again
and was trading around $115 per barrel.
Positive inflation data was helping stocks end the week on a high note. Core personal consumption expenditures — the
Federal Reserve's preferred inflation indicator — rose 4.9% in April, slower than March's 5.2% increase.
The inflation data "raised expectations that inflation is peaking," said economist Ed Yardeni. He said he still expects the
Fed to raise interest rates by a half point in each of the next two meetings in June and July. "The S&P 500 should continue
to move mostly sideways this year, consolidating its gains since the start of the bull market in 2009 and correcting the
pandemic valuation excesses," he wrote in a social media post.
Source - https://www.investors.com/market-trend/stock-market-today/stock-market-extends-rally-as-key-inflation-rate-comes-in-
lower-tesla-boeing-apple-lead-indexes/ and https://www.slideshare.net/paulyoungcga/what-is-up-with-the-stock-market-may-27-
2022pptx

15. SUPPLY CHAIN
https://www.slideshare.net/paulyoungcga/how-to-reshore-supply-chain-and-build-a-resilient-supply-chain-251040548
Farmers are seeing higher input costs
CAN trails countries like AUS in in terms of developing natural resources in a sustainable way
Food processors are struggling with labor shortages.
USA is becoming a world leader in LNG

16. GREEN INFLATION AND THE CIRCULAR AND GREEN ECONOMY
I have written many presentations and blogs on the circular and green economies. My biggest frustration is that policy focus
has been to narrow in areas of carbon tax and more regulations. The main drivers of environment are land, water, forest
management, air quality, and waste management. Technology can play a role with protecting the environment without taxing
and overregulating the economy to death. We need to protect the environment while growing an inclusive economy.
I believe more focus should be on the tax act, R&D, strategic partnerships, standardization of ESG reporting, risk, and crisis
management, reforming the WTO, and better urban and rural planning. Countries that are highest polluters should be forced
to change their ways!
https://www.slideshare.net/paulyoungcga/protecting-the-environment-through-proper-policies-relate-to-green-and-
circular-economy

17. AUTOMATION
Frost & Sullivan’s recent analysis finds that Internet of Things (IoT) adoption is growing in India. Backed by strong
connectivity and coverage, rising internet penetration, a surge in smart applications adoption, new business models,
and government initiatives such as smart city projects, the Indian IoT market is expected to reach $9.28 billion by
2025 from $4.98 billion in 2020. Pandemic-triggered changes in enterprise behavior and verticals’ focus on
automation are driving the market.
https://www.canadianmanufacturing.com/manufacturing/pandemic-accelerated-digital-transformation-and-
adoption-of-automation-fuel-global-iot-market-277565/
India along with other countries will continue to adopt IoT as part of 5G network expansion!
This ties nicely into my work on Industry 4.0 - https://ibm.box.com/s/rsp6p9tez8uru9fo0wu5d13bxt7rtrr0

18. SUMMARY
• Canada had a structural deficit pre-covid 19 of $15B - https://www.nasdaq.com/articles/canada-pms-deal-with-
opposition-party-raises-deficit-inflation-alarm-bells and https://www.slideshare.net/paulyoungcga/canada-fiscal-
management-deficit-and-debt-january-2022pptx
• Trudeau promised a thriving economy that would leave no one behind. That has not been the case as more and more
Canadians are struggling with high household debt - https://www.mpamag.com/ca/news/general/statcan-household-
mortgage-debt-continues-to-mount/399682 and middle class - https://www.slideshare.net/paulyoungcga/did-justin-
trudeau-support-the-middle-class-in-canadapptx
• Trudeau move Canada GDP to debt driven through higher real estate and public spending -
https://www.slideshare.net/paulyoungcga/search_my_uploads?type=&new=&q=GDP
• Trudeau policies did little to improve competitiveness - https://www.slideshare.net/paulyoungcga/how-to-improve-
canada-global-competitiveness-251338416
GDP - Ma r ch
2022.pdf
GDP by incco me a nd
E xp ens e - Ma r ch 2-22.pdf
Blog – GDP – Canada – March 2022
Ja mil Jiva ni Tr udea u
r efus es to k
eep us s a fe fr o m a futur e pa ndemic Na tio na l Po s t.pdf
Ho meo wner s fa ce
'a bs o lutely dr ea dful' pr o s pect o f lo s ing their ho us es a s cos t o f living r is es CBC News .pdf
BMO Sees Ongo ing
Str ength in Co mmo dities to Suppo r t Ca na da 's Cur r ent Acco unt in Q2 After Q1 Swing to Sur plus — Tr a dingView News .pdf
Go ver na nce - Pr iva cy
Bills .pdf
Ca na da ha s a
pr o ductivity gr o wth is s ue we ca n’t a ffo r d to igno r e OP _ E D thes ubur ba n.com.pdf
Our inno va tio n a nd
pr o ductivity cha llenge is much gr ea ter tha n the feder a l budget's cla im - The Hill Times .pdf
Infla tio n wa tch mo r e
Ca na dia n bus ines s es exp ect to r a is e pr ices Geo r gia Str a ight Va ncouver 's News & E nter ta inment Week
ly.pdf
Gr o wing La nd Wa r
Rea l Fa r mer s Fight Ba ck Aga ins t Wind & So la r Ons la ught – STOP THE SE THINGS.pdf
BME to highlight
o ppo r tunities a t Ca na dia n Mining E xp o Glo ba l Mining Review.pdf
Sudbur y miner s lo o k
to fill the cr itica l miner a ls dema nd a nd s upply vo id - Sudbur y News .pdf
La ur entia n Ba nk
Pr eviews This Week
's Ba nk o f Ca na da Po licy Meeting — Tr a dingView News .pdf
Summary:
The economy grew at an annualized rate of 3.1 per cent in the first quarter, helped by business
investment and household spending, Statistics Canada said Tuesday.
The result was down from an annualized rate of 6.6 per cent in the fourth quarter of 2021.
Statistics Canada said the change came as export volumes dropped 2.4 per cent for the quarter,
following two consecutive quarterly increases.
Meanwhile, the agency said household spending rose 0.8 per cent in the first quarter, to mark a
third consecutive quarterly increase.
Spending on durable goods gained 2.6 per cent in the first quarter, helped by a 16.1 per cent
increase in spending on new passenger cars and a 3.5 per cent gain for new trucks, vans and sport
utility vehicles.
Source - https://ca.finance.yahoo.com/news/statistics-canada-release-gdp-figures-080000031.html
1. Affordability - https://www.cbc.ca/news/canada/manitoba/manitoba-homeowners-rising-
inflation-fears-1.6468217

19. 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