Here is quick look into July 2017 GDP for Canada,

1. GDP – CANADA – JULY
2017
BY: PAUL YOUNG CPA, CGA
DATE: SEPTEMBER 28, 2017

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

3. AGENDA
• Employment
• GDP by Sector
• Wages
• Carbon Taxation
• Minimum Wage / Ontario
• Fundamentals / Economy

4. EMPLOYMENT CHANGE
Source – Stats Canada
• GDP has rebounded in the goods
producing, but not the jobs
• There are 74K less goods producing
jobs since the Liberals took office
• Goods Producing jobs pay on
average 30% more than the
service sector

5. GDP BY SECTOR
Source – Stats Canada

6. GDP / BMO
Source - https://economics.bmocapitalmarkets.com/economics/econofacts/20170929b/econofacts.pdf

7. WAGES / CANADA
Source - https://economics.bmocapitalmarkets.com/economics/amcharts/HTHSZG-6S9716-CS9PTL-YNWCVY-BG0.pdf

8. CARBON TAX / GDP
Source - http://business.financialpost.com/commodities/energy/ottawas-carbon-tax-plan-to-shrink-economy-by-3-billion-hurt-loonie-in-2018-study
Financial Post – September 6, 2017

9. MINIMUM WAGE / ONTARIO
Source - http://www.cbc.ca/news/canada/toronto/minimum-wage-jobs-td-bank-1.4308635
Ontario's plan to hike minimum wage to $15 an hour will cost the province's economy as many as
90,000 jobs by 2020, according to a new report from TD Bank.
The findings come in an economic analysis released Tuesday by the bank that says that despite the
job losses, Ontario's economy will continue to grow but at a slower rate of 0.5 per cent annually.
The report says raising the minimum wage can potentially generate more benefits to society than
costs but the rapid speed of implementation will increase the negative hit to employment.
TD senior economist Michael Dolega said the job forecasts don't reflect layoffs the proposed policy
would cause, but jobs which won't be created because the minimum wage hike will slow economic
growth in Ontario.
Earlier this month, Ontario's Financial Accountability Office warned the move could wind up
resulting in an estimated net loss of 50,000 jobs. The watchdog said the losses would be
concentrated among teens and young adults.
CBC News – September 26, 2017

10. FUNDAMENTALS – CANADA ECONOMY
Source - http://www.macdonaldlaurier.ca/concerns-manufacturing-housing-sectors-forecast-long-term-problems-suddenly-surging-canadian-
economy/
In terms of real GDP, Canada’s economy expanded by 1.1 percent in the second quarter, a modest
improvement over the 0.9 percent increase in the first quarter. Growth was also primarily driven by two
factors: autos and energy.
However MLI’s leading indicator raises doubts on the sustainability of such growth. In fact, the index
has more recently slowed to 0.2 percent growth or less in the last three months, especially in the
manufacturing and housing sectors, which points to the serious challenges on the horizon.
The Bank of Canada began to raise interest rates for the first time in seven years. Low interest rates
were intended to encourage an upturn in exports and business investment, which would lay the
groundwork for more sustainable growth. Lower interest rates did help to facilitate household and
government debt. Yet its beneficial impact on either exports or business investment remains elusive.
Most of the recent increase in exports largely originated in energy products (up $10.3 billion) and autos
(up $4.8 billion). The former can be attributed to a tentative recovery in the oil and natural gas sector,
the latter driven by inventory-building in the US before long-scheduled production cut. Without an
acceleration in US economic growth, further increases are not sustainable.