Here is look intot GDP. GDP has been strong in 2017, but much of that growth is led by both real estate and the energy sector

1. GDP OUTLOOK -
CANADA AND THE
WORLD – AUGUST
2017
BY: PAUL YOUNG CPA, CGA
DATE: AUGUT 4, 2017

2. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. GDP FORECAST / JULY 2017
• Source – Scotiabank Economics – August 2, 2017 - http://www.gbm.scotiabank.com/English/bns_econ/forecast.pdf

4. HARPER VS TRUDEAU
Source - http://www.indexmundi.com/canada/gdp_real_growth_rate.html

5. GDP ANALYSIS / MAY 2017
• Source – Stats Canada
• Exports are leading good producing
sector led by Energy Exports
• Government spending is tight
• Housing Affordability
• “I think you can make the
argument that it’s been a lot of
government interference that has
made it a lot more expensive to
own a home,” Hudak said. “By
that I mean there have been a lot
of rules over time that have
compounded that have limited
housing supply and limited
housing choice in the
marketplace.” “We don’t have
enough quantity of homes in the
marketplace in the Greater
Golden Horseshoe area.”

6. USA GDP
• https://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm or https://economics.bmocapitalmarkets.com/economics/econofacts/20170728b/econofacts.pdf

7. CANADA VS USA GDP
https://economics.bmocapitalmarkets.com/economics/econofacts/20170728b/econofacts.pdf or https://economics.bmocapitalmarkets.com/economics/econofacts/20170728a/econofacts.pdf

8. HOUSING AND GDP
• https://news.vice.com/story/canadas-economy-is-dependent-on-you-buying-and-selling-
real-estate

9. RETAIL SALES / CANADA
• Source – Stats Canada
Retail Sales
• Retail sales have slow down over
the past few months
• Average rate of change has
been about 1.9%.
• Household debt is a big
concern for the Bank of
Canada

10. EMPLOYMENT
• Stats Canada

11. IMF/HOUSING
• Source - https://realestatetourism.ca/imf-canada-has-the-most-overvalued-homes-in-the-g7-fourth-globally/45327

12. TRUDEAU AND CETA
• Source - https://www.theglobeandmail.com/news/world/trudeau-experiences-anti-ceta-sentiment-in-
ireland/article35539313/

13. TRUMP TAX POLICIES
• http://rismedia.com/2017/07/04/trumps-tax-plan-so-few-details-so-much-brokers-watch/#openModal or http://www.latimes.com/politics/la-
pol-updates-everything-president-trump-says-tax-reform-is-progressing-1496020830-htmlstory.html

14. TRADE AND CLIMATE - USA
• Source - http://www.cnn.com/2017/07/08/europe/g20-trump-merkel-trade-climate-change/index.html

15. SUMMARY
• The 1st Quarter growth has not carried into 2Q17 for Canada. Canada is on
pace for past two years average of 2.2%. The 2.2% growth rate is similar to
the growth rates from 2001-2015 (ex recession 2009)
• GDP in Canada is led by real estate and energy sector
• USA GDP has slowed as companies are still waiting for policies like Trade
and Tax to be implemented