This presentation takes a high level view of inflation. The cost of living is major issues for countries around the world.

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How to tame
Inflation
P a u l Yo u n g C PA C G A
P r e - S a l e s a n d B u s i n e s s D e v e l o p m e n t C o n s u l t a n t
M a y 1 7 , 2 0 2 3

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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 – ESG and Sustainability Reporting and
Policy Development
• 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@outlook.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/

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Agenda
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• Inflation – United States
• Inflation – Canada
• Inflation – Canada vs United States
• Inflation – G20
• Commodities
• Magna Profits
• Forestry Profits
• Small to Medium-Size Enterprises
• Areas of focus

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Inflation – United States
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Source – United States Government

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Inflation – Canada
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Source – Stats Canada

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Inflation – Canada vs United States
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Source – BMO Economics

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G20 / Inflation
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Source - https://tradingeconomics.com/country-list/inflation-rate?continent=g20

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Commodities
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Magna Profits
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Blog - Magna International reports Q1 profits down from a year ago, sales up 11 percent -
https://www.linkedin.com/posts/paul-young-055632b_magna-international-reports-q1-profits-down-activity-
7060957150856040448-tMQe?utm_source=share&utm_medium=member_desktop
The company says the increase in sales came as global light vehicle production gained three per cent, including an eight per cent
gain in North America and seven per cent in Europe.
Magna International Inc. upgraded its outlook for its sales and profit for the year as it reported its first-quarter profit fell
compared with a year ago and its sales rose 11 per cent.
https://www.canadianmanufacturing.com/manufacturing/magna-international-reports-q1-profits-down-from-a-
year-ago-sales-up-11-291425/
This is a great opportunity to review your integrated business planning and reporting model as part of doing a
profitability review of your operations.
https://actionkpi.com/integrated-profitability-program/
Blog – Automotive Industry Analysis and Commentary – April 2023 - https://www.linkedin.com/pulse/blog-
automotive-industry-analysis-commentary-april-2023-paul-young

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Forestry
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Blog – Canfor latest quarterly results - https://www.linkedin.com/posts/paul-young-055632b_canfor-the-vancouver-
based-forestry-company-activity-7059859323945959424-yTd6?utm_source=share&utm_medium=member_desktop
The Vancouver-based forestry company says strong earnings from its European operations and more modest results
from its operations in the U.S. South were outweighed by continued pricing pressure on its western Canadian
operations.
https://www.canadianmanufacturing.com/manufacturing/canfor-reports-a-142m-q1-loss-291340/
This ties nicely into organizations needing to review their integrated planning and reporting cycle as part of looking at
better ways to maximize profit, improving cash flow, and other various returns on investment. https://actionkpi.com/
and https://actionkpi.com/forest-products-solution/ and https://actionkpi.com/forest-products-solution/
This also ties into my presentation on manufacturing - https://www.slideshare.net/paulyoungcga/manufacturing-
sector-canada-february-2023-and-march-2023pptx

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Small to Medium-Size Enterprises
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Blog - CFO for Small to Medium-Size Business - Business Planning https://www.linkedin.com/posts/paul-young-055632b_small-company-
cfos-gear-up-for-heightened-activity-7030956843069816832-ZhgC?utm_source=share&utm_medium=member_desktop
https://www.cfo.com/spend-management/2023/02/small-company-cfos-gear-up-for-heightened-spending/
This ties nicely into my work on data strategy. Data strategy is key area for small to medium-size companies as part of having trusted data to
drive better business outcomes.
https://www.linkedin.com/posts/paul-young-055632b_top-reporting-challenges-facing-both-the-activity-7029799254126718977-
3Voh?utm_source=share&utm_medium=member_desktop
https://medium.com/@paul.young_40784/why-you-need-a-data-strategy-eb8c351fa72e
https://www.linkedin.com/posts/paul-young-055632b_top-reporting-challenges-facing-both-the-activity-7029799254126718977-
3Voh?utm_source=share&utm_medium=member_desktop
Both the private and public sectors continue to struggle with data management. Many issues driven the data management related to siloed
data caused through legacy databases required to as part of day-to-day operations.
Key to solving data siloes comes down to having the right data strategy. It is particularly important to sit down with all stakeholders and
mapped up a data strategy as part of becoming a data driven organization.
My work is a fantastic way to expand various discussions around how to change organizations to a data driven culture:
Reporting Challenges – https://ibm.box.com/s/syb5av487y52vfrgfswby0vj2ky8kru4
Sustainability Reporting - https://ibm.box.com/s/pg926m3frpa2tgt6spyzwry22bdcbo8j

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Area of focus
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• Improving productivity through business automation and targeted capital spending.
• Transition to clean energy through ROI and profitability assessment
• All levels of government addressing their fiscal management cycle including implementing more
value for money and performance audits.
• Streamlining of regulations as part of building a resilient supply chain
• Revamping R&D tax credits as part of encourage more innovations
• Elimination of carbon taxes and more focus on technology that will be support the circular economy.
• Addressing skills gap through training and education
• Adoption of 3D housing as part reducing the cost of housing
• Better balanced between protecting the environment and growing the economy in a sustainable way.
• Urban vs rural strategy that will support sustainable economy growth as part of managing the climate
change risks