This presentation will look at both industry as well as macro/micro indicators when it comes to the Canadian economy. The presentation will also look fiscal management include deficit/debt as part understanding the impact of government fiscal policy on the Canadian economy.

1. How did Canada performed in 2016

2. Agenda
• Summary
• GDP / 2017 Outlook
• Housing Market – 2016
• Labor Market - 2016
• Oil Market / Canada
• Steel Production/Canada
• Trade – Exports and Imports – Canada
• Retail Sales
• Fiscal Management

3. Summary
• 2016 Employment/Labor market seen 216,000 new jobs. Bulk of all new
jobs were part-time
• Wage growth for 2016 is predicted to be less than 1%. Wages are not
keeping pace with inflation and/or housing prices
• New rules for housing market may impact people entering the real
estate market
• Retail sales which drives 2/3 of the economy maybe impacted by
carbon taxation/price for carbon in provinces like Alberta and Ontario
• New USA government is moving forward with new trade and tax
policies.
• Many governments in Canada including the federal are struggling with
deficits.

4. Canada Economic Forecast 2017
• Source – RBC
Risk Factors
• Impact new USA government trade and taxation policies
• Slow world growth
• Impact of carbon taxation/price for carbon

5. Housing Market – Canada
Source: CMHC, BMO, Scotiabank and National Bank of Canada

6. Labor Market – Canada
• Source – Stats Canada
Comment:
• 71% of jobs created
are part-time
• Wage growth is not
keeping pace with
inflation
• Goods producing
sector lost jobs in
2016
• Economy is driving
service and
government jobs

7. Oil Market – Canada
Source – BMO, JW Energy and Baker Hughes
2017 Capital Investment

8. Automotive Sales / Canada
Source - http://www.desrosiers.ca/pdfs/autowatch.pdf

9. Steel Production / Canada
• Source – World Steel Institute
Article and letters did not mentioned the following:
• Hydro Rates
• Carbon Taxation
• Canada content rules for infrastructure spending
• Training and skills development.

10. Trade (Exports and Imports) – Canada
• Stats Canada

11. Retail Sales / Canada

12. Fiscal Management – Canada
• Source – Government of Canada and CBC
Commentary:
• There is slow world
Growth
• Government has bee
slow with infrastructure
funding
• Carbon Tax/Price for
Carbon could impact
consumer spending

13. Other information
• Contact email: paul_young_cga@Hotmail.com