Here is my latest report

1. Fiscal and Economic
Scorecard – Canada
– December 2021
and January 2022
Paul Young CPA CGA
March 1, 2022

2. Paul Young - Bio
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• 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. 3
Agenda
• Key Metrics
• Employment – Canada
• Trade – Canada
• Manufacturing – Canada
• Housing – Canada
• Cost of Living / Canada
• Electricity
• Fiscal Update / Canada
• Blog – Path Forward – Budget 2021
• Blog – Pharmacare
• Blog – Job Quality
• Blog – Climate change
• Blog – Plastics
• Blog – Wind and Recycling
• Blog – Competitiveness
• Blog – Energy Crisis
• Blog – Electrical Vehicles
• Blog – Critical Metals
• Blog – Monetary Policies
• Blog – Retail Sector
• Blog – Transforming the Public Sector
• Blog – ESG Reporting
• Summary

4. 4
Key Metrics

5. 5
Key Metrics

6. 6
Key Metrics

7. GDP by Industry
Summary:
The real gross domestic product (GDP) was essentially unchanged in December following six consecutive months of growth.
Growth in services-producing industries (+0.1%) was offset by a decline in goods-producing industries (-0.1%), as 14 of 20
industrial sectors increased in December.
Advance information indicates a 0.2% increase in real GDP in January, 2022. Leading the growth were retail, construction,
finance and insurance as well as the professional, scientific and technical services sector. Notable decreases were in
manufacturing, mining, quarrying, and oil and gas extraction as well as client-facing services industries and air transportation
services due to continued public health restrictions put in place in late 2021. Owing to its preliminary nature, this estimate will
be updated on March 31 with the release of the official GDP data for January 2022.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220301/dq220301b-eng.htm and
https://www.slideshare.net/paulyoungcga/gdp-canada-analysis-and-commentary-december-2021
GDPIndustry-
Canada-December2021.pdf

8. 8
GDP Growth and Deficits
Source – Stats Canada, BMO, and Finance Department –
Canada

9. December 21 vs November 2015
Summary:
Canada gain 55K net new jobs. Majority of those jobs were with manufacturing and construction. Both those sectors have
skills gap issues that need to be address.
The goods-producing sector continues to trail other sectors over the past 6 years in terms of job growth. Canada should be a
world leader in sustainable forestry, mining, energy production. Those sectors pay 30-40% more than the service sector.
Canada like many countries is heading back to an era of big government. Government jobs are nearly 22% of the total
employment.
More and more jobs are being automated. All levels of government need to work better with private sector to ensure youth
today have the skills of today and tomorrow.
https://www.slideshare.net/paulyoungcga/employment-and-labour-market-canada-december-2021

10. Employment / Analysis
Employment in services-producing industries fell by 223,000. Accommodation and food services (-113,000),
information, culture and recreation (-48,000) and retail trade (-26,000) saw the largest declines.
Employment increased by 23,000 in the goods-producing sector.
Employment rose by 23,000 (+1.5%) in construction in January 2022, almost entirely as a result of gains in
Ontario. The national-level increase adds to a gain of 35,000 recorded in December 202
https://economics.bmo.com/en/publications/detail/a2d1bf0a-4d9d-40e2-a521-581fb185508d and https://economics.bmo.com/en/publications/detail/0ba5a9c9-1fbf-4605-8121-
d9fb63ec72ca/
https://www150.statcan.gc.ca/n1/daily-quotidien/220204/dq220204a-eng.htm
and https://www.slideshare.net/paulyoungcga/employment-and-labour-market-canada-january-2022

11. Stats Canada - Trade
Trade - Canada -
December 2021.pdf BMO - Trade -
Canada.pdf
Blog – Merchandise Trade – Canada – December 2021
Imports rose in eight of 11 product sections, led by electronic and electrical equipment and parts, while motor
vehicles and parts imports reached their highest level since February 2020.
Exports were driven lower by energy products, which fell for the first time since April 2021.
https://www.slideshare.net/paulyoungcga/merchandise-tradecanada-december-2021

12. 12
Manufacturing – Canada
Statistics Canada says manufacturing sales rose 0.7 per cent in December to $64.0 billion, led by a gain in
sales of plastic and rubber, motor vehicles and fabricated metal, as well as wood product industries.
https://www.slideshare.net/paulyoungcga/canada-what-is-next-for-manufacturing-january-2022-and-december-2021

13. 13
Housing – Canada
Summary:
Average housing price in Canada is close to 800K.
Mortgage debt continues to increase at a faster pace than inflation
People continue to invest into their homes - https://www.furnituretoday.com/research-and-analysis/houzz-report-gives-
outlook-on-q1-2022-home-renovation-design/
Construction prices continue to rise - https://ontarioconstructionnews.com/construction-industry-facing-perfect-storm-of-
rising-costs-altus-group/
My work: https://www.slideshare.net/paulyoungcga/revised-housing-and-homelessness-for-canada-and-the-world

14. 14
Cost of Living
Canada’s Jan/22 inflation of 5.1% is the highest since 1991. You can bet the @JustinTrudeau will blame the
trucker's protest for the high inflation and not his carbon tax or high taxes or excessive regulation or overspending
or other areas of policies! https://www.slideshare.net/paulyoungcga/preliminary-cost-of-living-canada-january-
2022

15. 15
Electricity
World continues to move off coal but not China - https://www.reuters.com/business/energy/chinas-zhejiang-approves-new-11-bln-coal-fired-
power-plant-2022-02-09/
Natural gas as part of the grid can vary between 9% to 60% depending on the country. Local governments want to eliminate natural gas with
more expensive alternatives - https://www.ecohome.net/guides/3667/when-will-natural-gas-be-phased-out-usa-canada-uk/
Border taxes for carbon - https://chinadialogue.net/en/transport/eu-carbon-tax-puts-a-price-on-shipping-emissions/
Governments are doing at patchwork when it comes to electricity rebates - https://www.bruegel.org/publications/datasets/national-policies-to-
shield-consumers-from-rising-energy-prices/

16. 16
Fiscal Monitor – Canada
Summary:
Canada hit its first monthly surplus since
onslaught of the pandemic.
Source -
https://www.reuters.com/world/americas/cana
da-posts-budget-surplus-december-2021-first-
since-pandemic-onset-2022-02-25/
There is still no plan from @JustinTrudeau to
balance the budget!

17. PRESENTATION TITLE 2/11/20XX 17
Summary:
The world’s worst fears materialized when Russian President Vladimir Putin announced a full-blown Ukraine invasion on February 24.
In the first half, the Nasdaq Composite Index, the S&P 500 Index, the FTSE 100 Index, and the S&P/TSX Composite Index dropped
3.3%, 2.13%, 3.35%, and 1.23%, respectively. However, these stock markets saw a recovery in the second half as news flowed around
sanctions on Russia
Source - https://ca.finance.yahoo.com/news/global-stock-markets-closer-crash-191200548.html
1. Market Close - https://www.kiplinger.com/investing/stocks/604283/stock-market-today-022522-dow-dashes-best-gain-november-
2020
2. Commodity risks - https://www.bnnbloomberg.ca/commodity-prices-inflated-by-40-by-risk-premiums-analyst-says-1.1728834
3. Geopolitical risks - https://ca.finance.yahoo.com/news/why-geopolitics-is-rocking-the-us-stock-market-164401362.html
4. Oil - https://www.bnnbloomberg.ca/crude-falls-from-100-with-russian-oil-sanctions-off-the-table-1.1728502
5. Natural gas - https://www.naturalgasintel.com/bone-chilling-temperatures-drive-massive-gains-for-weekly-natural-gas-cash-prices-
while-global-crisis-roils-futures/
6. Global Inflation - https://www.bnnbloomberg.ca/charting-the-global-economy-war-driving-inflation-growth-risks-1.1729127
7. Freight - https://tradewindstransportation.com/freight-costs-continue-to-rise/
8. Housing - https://www.advisor.ca/news/economic/global-housing-markets-strongest-since-financial-crisis-bis/
9. Taiwan - https://www.taiwannews.com.tw/en/news/4456058
10. Russian debt - https://www.cnbc.com/2022/02/25/emerging-market-debt-funds-drop-as-russias-attack-ripples-through-
markets.html
11. EDI - https://brighterworld.mcmaster.ca/articles/how-better-edi-policies-can-address-labour-shortages-in-trucking/
Blog – What is up with the Stock Market – WE – February 25, 2022
Global Stock Markets
Closer to a Crash 2 TSX Stocks to Buy Cheap.pdf
Carry On Wayward
Market.pdf
BottomLine_20220225
.pdf
WestpacWeekly20220
228.pdf
Stock Market News
for Feb 25, 2022 Nasdaq.pdf
Stock Market Today
Dow Dashes to Best Gain Since November 2020 Kiplinger.pdf
Commodity Prices
Inflated by 40% by Risk Premiums, Analyst Says - BNN Bloomberg.pdf
Why geopolitics is
rocking the US stock market.pdf
Crude falls from
US$100 with Russian oil sanctions off the table - BNN Bloomberg.pdf
Bone-Chilling
Temperatures Drive Massive Gains for Weekly Natural Gas Cash Prices, while Global Crisis Roils Futures - Natural Gas Intelligence.pdf
Opinion Putin's war
promises to crush the global economy with inflation and much slower growth - MarketWatch.pdf
Charting the Global
Economy War Driving Inflation, Growth Risks - BNN Bloomberg.pdf
Tradewinds
Transportation Freight Costs Continue to Rise - Tradewinds Transportation.pdf
Global housing
markets strongest since financial crisis BIS Advisor's Edge.pdf
American destroyer
cruises through Taiwan Strait Taiwan News 2022-02-26 14 15 00.pdf
How better EDI
policies can address labour shortages in trucking – Brighter World.pdf
Summary:
The world’s worst fears materialized when Russian President Vladimir Putin announced a full-blown
Ukraine invasion on February 24. In the first half, the Nasdaq Composite Index, the S&P 500 Index, the
FTSE 100 Index, and the S&P/TSX Composite Index dropped 3.3%, 2.13%, 3.35%, and 1.23%,
respectively. However, these stock markets saw a recovery in the second half as news flowed around
sanctions on Russia
Source - https://ca.finance.yahoo.com/news/global-stock-markets-closer-crash-191200548.html
1. Market Close - https://www.kiplinger.com/investing/stocks/604283/stock-market-today-
022522-dow-dashes-best-gain-november-2020
2. Commodity risks - https://www.bnnbloomberg.ca/commodity-prices-inflated-by-40-by-risk-
premiums-analyst-says-1.1728834
3. Geopolitical risks - https://ca.finance.yahoo.com/news/why-geopolitics-is-rocking-the-us-stock-
market-164401362.html
4. Oil - https://www.bnnbloomberg.ca/crude-falls-from-100-with-russian-oil-sanctions-off-the-
table-1.1728502
5. Natural gas - https://www.naturalgasintel.com/bone-chilling-temperatures-drive-massive-gains-
for-weekly-natural-gas-cash-prices-while-global-crisis-roils-futures/
6. Global Inflation - https://www.bnnbloomberg.ca/charting-the-global-economy-war-driving-
inflation-growth-risks-1.1729127
7. Freight - https://tradewindstransportation.com/freight-costs-continue-to-rise/
8. Housing - https://www.advisor.ca/news/economic/global-housing-markets-strongest-since-
financial-crisis-bis/

18. Canada and Stock Market
PRESENTATION TITLE 2/11/20XX 18
Carry On Wayward
Market.pdf

19. United States – Stock Market
PRESENTATION TITLE 2/11/20XX 19
Stock Market News
for Feb 25, 2022 Nasdaq.pdf

20. 20
Path Forward for Canada
Blog – What is next for Canada
• The new normal means likely changes on how parts of the GDP work including capacity restrictions for
sectors like hospitality, tourism, and entertainment.
• Development of natural resources in sustainable way
• Protecting the environment while growing the economy
• Addressing issues with job quality
• Addressing issues with the cost of living
• Implementing tax fairness policies
• Addressing the delivery model for government including more performance audits and value for money
audits.
Source - https://www.slideshare.net/paulyoungcga/what-is-the-path-forward-for-canada-october-2021

21. 21
Commodities
Commodity prices continue to experience a bull market
Australia seems have done a better job of managing its environment as part of natural resources extraction
process as compared to Canada. Australia ranks 13th as compared to 20th by Canada. Australia has been running
trade surpluses for over 4 years as compared to Canada who has one year of trade surpluses.
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-natural-resources-sector

22. 22
Pharmacare
“The federal government is out of excuses: It’s time to get serious about pharmacare”
https://www.canadianmanufacturing.com/features/the-federal-government-is-out-of-excuses-its-time-to-get-
serious-about-pharmacare/
The program with this article is there no focus on various government drug programs that need to be
consolidated. There also needs to be focus on a made in Canada solutions related to drug development.
My work - https://www.slideshare.net/paulyoungcga/biotech-and-pharmaceutical-september-2021

23. 23
Job Quality
Summary:
856K job vacancies
50% of the job vacancies pay less than the
average wage
More and more organizations continue to
invest in business automation
https://www.slideshare.net/paulyoungcga
/job-quality-and-job-vacancies-canada-
december-2021

24. 24
Climate Change
Blog – Growing the Circular Economy through better Climate Mitigation Policies
I support better policies that encourage both the private and public sectors to move their operation model to zero-
waste. More work needs to be done on policies related to waste-to-energy (CCA) or abolishing carbon taxation or
streamlining of regulations and taxes or tax credits for environmental work, i.e., tree plant or water management or
other areas of the environment.
https://www.slideshare.net/paulyoungcga/how-to-advance-the-circular-economy-through-climate-mitigation-policies

25. 25
Plastics
Plastics play a key role as part of disease mitigation including masks, dividers, storage, etc. The real issue is how
best to recycle the plastics as part diverted waste from waterways and landfill sites.
https://www.canadianmanufacturing.com/manufacturing/plastic-resin-emerges-as-tiniest-example-of-
enduring-covid-19-supply-chain-crunch-273555/
My work: https://www.slideshare.net/paulyoungcga/how-to-maximized-the-circular-economy-250318403

26. 26
Wind Turbines and Recycling
Blog – Wind Power and Recycling - https://www.linkedin.com/posts/paul-young-055632b_to-end-wind-power-
waste-siemens-gamesa-designs-activity-6848534185544699904-bg01
There needs to be a global strategy on how to recycle the old blades. https://windeurope.org/newsroom/press-
releases/wind-industry-calls-for-europe-wide-ban-on-landfilling-turbine-blades/

27. 27
Competitiveness
@MPJulian and the NDP
Shutdown tax-havens.
Fix the tax act.
Getting more value for money out of program spending
The focus should be on protecting the environment while
growing the economy in a sustainable way.
https://www.slideshare.net/paulyoungcga/tax-fairness-and-
business-competitiveness-analysis

28. 28
Energy Crisis
Australia exported 3-13 million tons per month of coal to China in 2020. If China needs 50 million tons per month that
is rapid increase in coal production. It is unclear in China and Australia would be able to ramp to meet the demand.
China is already in a shortage of perhaps 50 million tons per month.
If there is a rapid surge in coal importing to China, there could be overbidding that causes shortages for other Asian
countries. This will also make the supply chain problems even worse.
Prioritizing heating over electricity means more factory shutdowns.
Prioritizing heating coal imports over other supply chain means that the 200 ships waiting to get unloaded get bumped
back at the ports for hundreds of coal ships.
China having coal production problems is tough because building other sources of electricity and heating will take
years. Especially if China wants to get beyond current levels to support 6% per year GDP growth.
https://www.nextbigfuture.com/2021/10/173364.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bl
ogspot%2Fadvancednano+%28nextbigfuture%29
This ties nicely to my work on energy - https://www.linkedin.com/pulse/world-heading-energy-crisis-paul-young/

29. 29
Electrical Vehicles
Blog - World Largest Plug-in Station provider promises full charge in 15 minutes - Electrical Vehicles
Technology company ABB made an announcement stating it has created the quickest electric vehicle charger. ABB claims that in just under
three minutes, its charger, the Terra 360, can provide a range of 62 miles. Leave the vehicle plugged in for 15 minutes, and it can be fully
charged.
New Atlas reports ABB’s Terra 360 possesses a maximum output of 360 kW. The charger resembles a gasoline pump and has four ports and
16-foot retractable cables that allow it to charge as many as four vehicles at the same time. Although, if four vehicles are charging
simultaneously, the kW decreases to 90.
https://www.thomasnet.com/insights/world-s-fastest-ev-charger-promises-full-battery-in-15-minutes/?ecms_id=8afea2aa-cf09-4d8c-996c-
d6af6c50fd63&ecms_short=ART5963&doc_type=ted_video_article&parent_id=4a24fd38-8dd6-4945-8747-
c1c52587a6e5&utm_content=featuredvideo&linktype=title&channel=email&campaign_type=thomas_industry_update&campaign_name=tiu
211026&utm_campaign=tiu211026&utm_medium=email&utm_source=thomas_industry_update&tinid=221763045
Additional Links:
eVehicles - https://www.slideshare.net/paulyoungcga/electrical-vehicles-and-plugin-stations-adoption-october-2021
Plug-in stations issues - https://www.wealth-wave.com/wealth-wave/3-ev-speedbumps-3-potential-profits/
Grid limitations - https://www.rte.ie/news/business/2021/1020/1254828-maxol-20m-investment/
Grid connection issues - https://www.cbc.ca/amp/1.6224159
Car rentals - https://www.cnbc.com/2021/10/25/tesla-hertz-ev-deal-signal-to-rental-car-fleets-its-time-for-electric.html

30. 30
Natural Resources / Critical Metals
Blog – Natural Resources Sector – What is next – October 2021
Canada’s natural resources sector is about 11% of its GDP. Canada needs to put a focus on development of its’ natural
resources in a sustainable way as part of support the green and circular economy.
Canada has sizeable reserves in the areas of critical metals - https://mineralprices.com/canada-should-take-the-lead-in-
global-critical-minerals-development-panel/?utm_source=rss&utm_medium=rss&utm_campaign=canada-should-take-
the-lead-in-global-critical-minerals-development-panel
My work
https://www.slideshare.net/paulyoungcga/what-is-next-for-canada-and-worlds-natural-resources-250492008
Key stocks - https://investingnews.com/daily/resource-investing/critical-metals-investing/rare-earth-investing/top-
canadian-rare-earths-stocks/

31. 31
Monetary Policies – BOC
Key Implications
In the latest highly anticipated decision, the Bank of Canada changed up the script. It pulled forward the timing of
when it expected the output gap to close to the middle quarters of next year as it judged that supply disruptions were
weighing more heavily on the economy's productive capacity. So, even as the GDP forecast was revised down in this
MPR, the output gap closed sooner than what the Bank had projected in July.
In terms of our own view, we expect the Bank will raise rates three times next year, taking the overnight rate to 1%
by the end of 2022. Inflation is heating up, and it would be prudent to remove some monetary stimulus as the
economy continues down the road to recovery.
We must acknowledge that there is significant uncertainty around the economic outlook right now. A resurgence of
the pandemic could result in greater stimulus, but if there is a faster-than-expected acceleration in household
spending, the Bank could raise rates at a faster clip. The Bank of Canada is showing that it is nimble and will react
quickly to the evolving economic landscape.
https://economics.td.com/ca-boc-interest-rate-announcement
Additional Links:
https://www.slideshare.net/paulyoungcga/what-is-next-for-global-monetary-policies-october-2021

32. 32
Transforming the Retail Sector
https://www.theglobeandmail.com/business/industry-news/property-report/article-innovation-driving-transformation-of-retail/
The shift of consumer spending to the digital realm is driving the transformation of physical retail into an immersive,
“phygital” experience, Ms. Nicholls says.
“Omnichannel has been a buzzword in retail for a long time,” says Ashley Barby, founder of Toronto-based, retail-
innovators hub FashionTech, whose report, Store of the Future, was released this month.
As pandemic restrictions continue to ease, customers will expect “a post-omnichannel world – or a channel-less
environment – where everything has merged, and the customer transacts seamlessly within all of them.
Additional links:
Australia – Retail Sales – August 2021 - https://www.slideshare.net/paulyoungcga/retai-sales-australia-august-2021
Canada - https://www.slideshare.net/paulyoungcga/retail-sales-and-consumer-spending-canada-august-2021
USA - https://www.slideshare.net/paulyoungcga/retail-sales-usa-september-2021

33. 33
Transforming the Public Sector
Blog – How to fix the Governance Model for
the Public Sector -
https://www.slideshare.net/paulyoungcga/h
ow-to-fix-the-goverance-model-for-the-
public-sector-government-249941842
Source - https://www.auditboard.com/

34. 34
ESG Reporting
Blog - 88 percent of Industrial Businesses Are Now Prioritizing Sustainable Manufacturing - https://www.linkedin.com/pulse/blog-88-
percent-industrial-businesses-now-paul-young/?published=t
In a strategic move to increase operational efficiency while simultaneously reducing cost, many industrial business leaders have recently been
prioritizing sustainability throughout their facilities. Sustainable manufacturing, which the U.S. Department of Commerce defines as using
industrial processes that minimize negative environmental impacts and are safer for both employees and consumers, has been gaining
momentum lately amid what the United Nations calls the “Decade of Action.”
A recent study from Oxford Economics highlighted that 65% of companies have created a clear mission statement around sustainability, with
another 23% noting that they are in the process of developing such a statement, for a total of 88% of companies prioritizing sustainability.
Similarly, in a recent SAP survey, 46% of industrial business leaders shared that sustainability is top of mind for them throughout the
manufacturing process, and 68% of them have reduced energy consumption at their businesses.
https://www.thomasnet.com/insights/88-of-industrial-businesses-are-now-prioritizing-sustainable-manufacturing/?ecms_id=f3a900b0-35f4-
494d-8457-fda636ddd249&ecms_short=ART5960&doc_type=ted_video_article&parent_id=2fd67156-2dae-43a3-82d5-
fdf35ab36f99&utm_content=featuredvideo&linktype=title&channel=email&campaign_type=thomas_industry_update&campaign_name=tiu2
11018&utm_campaign=tiu211018&utm_medium=email&utm_source=thomas_industry_update&tinid=221763045
Additional links:
This ties nicely into my work - Clients/Customers are looking at the best way to integrate data into their reporting systems as well as ensuring
they are complying with various regulation filings as part of their GRC models -
Templates: https://ibm.box.com/s/nsbds2s5v8znpwqzc03p9urykbat38w0
Presentation: https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce

35. 35
Canada vs Australia

36. 36
Summary
• New normal is hear to stay - https://www.slideshare.net/paulyoungcga/new-normal-for-canada-
and-the-world-248752153
• Addressing issues facing the middle class - https://www.slideshare.net/paulyoungcga/how-is-the-
middle-class-doing-in-canada
• All levels of government need a new governance model that emphasizes the size of government,
value for money, oversight, transparent, and accountability -
https://www.slideshare.net/paulyoungcga/how-to-fix-the-goverance-model-for-the-public-sector-
government
• Addressing issues with the global economy including reforming UN, WHO, WTO, and other areas of
global policies to support a more inclusive economy -
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global-economy-may-2021
• Addressing issues with debt - https://www.slideshare.net/paulyoungcga/debt-issues-global-debt-
crisis-analysis-and-commentary-248282137

37. 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