This presentation looks at GDP for March 2017. Canada had a very strong January in terms of GDP, but growth has slowed down since January 2017. Canada is still on pace for GDP growth of 2.1% for 2017.

1. GDP – CANADA – MARCH
2017 – ANALYSIS AND
COMMENTARY
PAUL YOUNG CPA, CGA
MAY 31, 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. OVERVIEW
• This presentation looks at GDP for March 2017. Canada had a very strong January in terms of GDP, but
growth has slowed down since January 2017. Canada is still on pace for GDP growth of 2.1% for 2017.

4. GDP / ACTUAL/ESTIMATED
• Stats Canada
Issues/Concerns:
• Oil prices are sluggish due to oil glutton on
the market
• Large capital purchases have led retail sales
growth
• Impact of new labour policies and/or carbon
taxation have yet to flow through the
economy
• Hydro rates are deterring investment in
Ontario
• Infrastructure funding has been slowed by
the federal government
• Provincial government spending has been
held to cost of inflation
• Red tape and regulations are delaying
projects like oil and metals
• Housing prices continue grow faster than
wages, gdp and inflation
• Jobs are being created, but only 6,000 the
past year in goods producing sector
• Businesses are struggling with hikes to
payroll taxes and minimum wage, hydro
rates and carbon taxation (Ontario and AB)

5. BMO/GDP
• BMO Economics
• Key fundamentals areas
• Business Investment
• Consumer Spending
• Government spending
1. Government GDP is only 1.4%
which is surprising since the feds
have a $25B+ deficit
2. Business investment is struggling.
Very little investment in capital
equipment along with natural
resource projects delay
3. Commodity Prices are up along
with oil production. May 2016
seen shutdown of significant oil
production due to Ft. MacMurray
Fire
4. Retail sales are being drive by
automotive sales which leads to
issues with household debt
5. Housing prices are still up 20-25%
range from last year

6. HOUSEHOLD DEBT FUELS GDP

7. GDP / GROWTH
• Stats Canada

8. GDP / INCOME
• Source – Stats Canada

9. CONTRIBUTIONS TO PERCENT CHANGE IN REAL GROSS
DOMESTIC PRODUCT, FIRST QUARTER
Source – Stats Canada

10. GDP – CANADA – MARCH 2017
• Source – Stats Canada

11. GDP / INCOME
• Stats Canada