Both services-producing (+0.6%) and goods-producing (+0.5%) industries were up, as 17 of 20 industrial sectors posted increases in November. Advance information indicates that real GDP for December was essentially unchanged. Widespread increases led by the manufacturing, agriculture, forestry, fishing and hunting, utilities and wholesale trade sectors were offset by declines in the accommodation and food services, mining, quarrying, and oil and gas extraction and retail trade sectors. This advance information for real GDP by industry indicates a 1.6% uptick in the fourth quarter of 2021 and a rebound of 4.9% in the year following the pandemic-induced decline observed in 2020. Given their preliminary nature, these estimates will be updated on March 1, 2022 with the release of the official GDP data for December and the fourth quarter of 2021. Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220201/dq220201a-eng.htm 1. Inflation and Canada – https://www.fool.ca/2022/01/31/holding-onto-tonnes-of-cash-heres-how-much-of-it-that-inflation-would-destroy-in-a-decade/ 2. Housing - https://financialpost.com/real-estate/busting-the-myth-of-canadas-million-or-more-vacant-homes 3. Supply chain task force - https://canada.autonews.com/manufacturing/supply-chain-issues-be-tackled-new-federal-task-force 4. Mining - https://miningglobal.com/top10/top-10-countries-based-on-natural-resources 5. Electrical vehicles - https://ipolitics.ca/2022/01/31/lobby-wrap-auto-industry-wants-training-as-ev-sales-rise/ 6. Middle class - https://www.usatoday.com/story/money/2022/01/31/lost-factory-jobs-make-harder-move-into-middle-class-report-says/9213089002/?gnt-cfr=1 7. Consumer spending - https://www.hellenicshippingnews.com/weaker-u-s-consumer-spending-rising-inflation-pose-dilemma-for-fed/ 8. Commodity prices - https://www.hellenicshippingnews.com/commodity-prices-likely-to-be-hit-by-slowdown-before-end-of-2023/ 9. ESG - https://www.reuters.com/business/sustainable-business/euroclear-teams-up-with-fintech-expand-esg-services-2022-01-31/ 10. Insurance risk - https://www.insurancebusinessmag.com/us/news/environmental/environmental-insurance--what-are-the-concerns-323760.aspx 11. Geopolitical Risks - https://www.reuters.com/business/rising-geopolitical-tension-demand-send-oil-price-outlook-soaring-2022-01-31/ 12. 2022-2023 – Budget - https://globalnews.ca/news/8585003/federal-budget-plan-2022/

1. GDP ANALYSIS AND
COMMENTARY – CANADA –
NOVEMBER 2021
Paul Young CPA CGA
February 1, 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
Forecast_BNS_GDP.p
df

5. G7 GDP GROWTH

6. GDP BY INDUSTRY
GDP - Canada -
November 2021.pdf
Both services-producing (+0.6%) and goods-producing (+0.5%) industries were up, as 17 of 20 industrial sectors posted increases in
November.
Advance information indicates that real GDP for December was essentially unchanged. Widespread increases led by the manufacturing,
agriculture, forestry, fishing and hunting, utilities and wholesale trade sectors were offset by declines in the accommodation and food
services, mining, quarrying, and oil and gas extraction and retail trade sectors. This advance information for real GDP by industry indicates
a 1.6% uptick in the fourth quarter of 2021 and a rebound of 4.9% in the year following the pandemic-induced decline observed in 2020.
Given their preliminary nature, these estimates will be updated on March 1, 2022 with the release of the official GDP data for December
and the fourth quarter of 2021.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220201/dq220201a-eng.htm

7. GDP (MONTH OVER MONTH)
Source – Stats Canada

8. GDP BY INDUSTRY
Source – Stats Canada

9. PER CAPITA INCOME / CANADA

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. PRESENTATION TITLE 12
Summary:
Stocks surged into the close reversing earlier losses on Friday as investors took in earnings results from some major tech
companies and another hot print on inflation at the end of another volatile week.
The S&P 500 closed up 2.4%, posting a weekly advance and ending a three-week losing streak. The the Dow ended
higher by 1.65%, and Nasdaq gained 3%.
Technology stocks led the way higher as Apple (AAPL) jumped after the iPhone-maker reported record quarterly sales
and better-than-expected profits despite supply chain challenges. Meanwhile, Robinhood (HOOD) shares shook off
overnight losses to trade higher after the trading platform missed on quarterly revenue, posted a larger-than-expected
quarterly decline in users, and offered disappointing guidance.
Source - https://ca.finance.yahoo.com/news/stock-market-news-live-updates-january-28-2022-231329863.html
1. Stock Market - https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-market-rally-steps-up-as-apple-
leads-but-be-wary-5-key-earnings/
2. Commodity - https://capital.com/commodity-supercycle-explained
3. Geopolitical risks - https://www.eurasiagroup.net/issues/top-risks-2022
4. Income inequality - https://www.advisor.ca/news/economic/income-inequality-improved-to-record-low-in-q3/
5. GDP Growth - https://insurancenewsnet.com/oarticle/gdp-growth-in-2021-signals-a-strong-economic-recovery
6. Housing - https://www.stuff.co.nz/life-style/homed/real-estate/127530138/new-zealands-runaway-housing-market-not-unique-
globally
7. Pensions - https://www.pionline.com/industry-voices/commentary-what-could-mandatory-temperature-alignment-mean-uk-
pension-funds
8. Insurance - https://www.insurancebusinessmag.com/au/news/breaking-news/allianz-boss-lifts-lid-on-risk-barometer-323651.aspx
9. ESG - https://www.wealthprofessional.ca/news/industry-news/canadas-biggest-public-companies-are-lagging-on-esg-
reporting/363539
10. Consumer spending - https://ca.finance.yahoo.com/news/u-consumer-spending-drops-inflation-135649366.html
Blog – Stock Market – W/E – January 28, 2022
globalweekahead202
20128.pdf
weekly-economic-wat
ch_20222801.pdf
BottomLine_20220128
.pdf
CFIB Small Business
Barometer (January 2022).pdf
Stock Equity - WE -
January 28 2022.pdf
WestpacWeekly20220
131.pdf
Commentary What
could mandatory temperature alignment mean for U.K. pension funds Pensions & Investments.pdf
Allianz boss lifts lid
on Risk Barometer Insurance Business Australia.pdf
Canada's biggest
public companies are lagging on ESG reporting Wealth Professional.pdf
U.S. Consumer
Spending Drops With Inflation Hitting 40-Year High.pdf
Stock market news
live updates Stock gains accelerate into the close S&P 500 adds 2.4%.pdf
Dow Jones Futures
Market Rally Steps Up As Apple Leads, But Be Wary; 5 Key Earnings Investor's Business Daily.pdf
What is a commodity
supercycle and are we in one right now .pdf
Eurasia Group Top
Risks 2022.pdf
Income inequality
improved to record low in Q3 Advisor's Edge.pdf
GDP Growth In 2021
Signals A Strong Economic Recovery - InsuranceNewsNet.pdf
New Zealand's
runaway housing market not unique globally Stuff.co.nz.pdf
Summary:
Stocks surged into the close reversing earlier losses on Friday as investors took in earnings
results from some major tech companies and another hot print on inflation at the end of another
volatile week.
The S&P 500 closed up 2.4%, posting a weekly advance and ending a three-week losing streak.
The the Dow ended higher by 1.65%, and Nasdaq gained 3%.
Technology stocks led the way higher as Apple (AAPL) jumped after the iPhone-maker reported
record quarterly sales and better-than-expected profits despite supply chain challenges.
Meanwhile, Robinhood (HOOD) shares shook off overnight losses to trade higher after the
trading platform missed on quarterly revenue, posted a larger-than-expected quarterly decline in
users, and offered disappointing guidance.
Source - https://ca.finance.yahoo.com/news/stock-market-news-live-updates-january-28-2022-
231329863.html
1. Stock Market - https://www.investors.com/market-trend/stock-market-today/dow-jones-
futures-market-rally-steps-up-as-apple-leads-but-be-wary-5-key-earnings/
2. Commodity - https://capital.com/commodity-supercycle-explained
3. Geopolitical risks - https://www.eurasiagroup.net/issues/top-risks-2022
4. Income inequality - https://www.advisor.ca/news/economic/income-inequality-improved-to-
record-low-in-q3/

13. CANADA AND STOCK MARKET
PRESENTATION TITLE 13
Stock Equity - WE -
January 28 2022.pdf

14. 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

15. 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

16. 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

17. SUMMARY
• Canada still has no budget including a fiscal anchor - https://www.slideshare.net/paulyoungcga/fiscal-
management-cycle-analysis-and-commentary-canada
• High debt levels are putting the economy at risk not just in Canada but around the world -
https://www.slideshare.net/paulyoungcga/debt-issues-global-debt-crisis-analysis-and-commentary-
243199347
• There are about 1.5M unemployed Canadians in sector that pay less than the average wage -
https://www.slideshare.net/paulyoungcga/wages-and-employment-canada-january-2021. Moving these
employees into the next generation of jobs will be very costly in terms of training -
https://www.slideshare.net/paulyoungcga/human-capital-management-skills-development-analysis-and-commentary-
february-2021 or https://www.slideshare.net/paulyoungcga/wages-and-employment-canada-february-2021

18. 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