Here is a look at both social, economic and tax policies as it relates to Liberals performance since they took office in November 2015

1. Economic and Fiscal Scorecard
– Trudeau – November 2015
to June 2020 and July 2020
PAUL YOUNG CPA CGA
AUGUST 29, 2020

2. Paul Young - Bio
 CPA, CGA
 Financial Solutions
 Academia
 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. Agenda
 Fiscal Management – YTD May 2020
 GDP Growth / Deficits
 Stock Market – July 24, 2020
 Affordability
 GDP / May 2020
 Wages / May 2020
 Key Indicators
 Commodity Prices
 Canada Manufacturing Sales
 Housing
 PBO / Budget deficits
 Ethical issues / WE Charity
 Infrastructure / Audit
 POST COVID19
 Foreign Policies and Affairs
 Job Quality
 Immigration
 Dept/Agencies
 Fitch
 Other Training/Development

4. Fiscal Management
Source - https://www.canada.ca/en/department-finance/services/publications/fiscal-monitor/2015/11.html or
https://www.canada.ca/en/department-finance/services/publications/fiscal-monitor/2020/02.html
Fiscal Monitor
Fiscal Monitor

5. GDP and Growth
Source – RBC, TD Bank, Govt of Canada, BMO, Scotiabank

6. Stock Market
Source – BMO and TSX

7. GDP / Industry

8. GDP / Expenditure – June 2020
Source – BMO

9. Affordability

10. Wages / June 2020
• Rising food costs - https://vancouversun.com/news/covid-19-food-prices-shoot-up-waistlines-expanding-
anyway
• Wages / Employment - https://www.slideshare.net/paulyoungcga/wages-and-employment-canada-june-
2020-and-july-2020
• Enormous issues still exist with public sector vs. private sector compensation -
https://www.slideshare.net/paulyoungcga/analysis-wages-and-employment-canada-may-2020

11. KPI – Metric #1

12. KPI – Metric #2

13. KPI – Metric #3

14. GDP / Green Economy
Source - https://www.theglobeandmail.com/investing/markets/indices/TXCT/
https://www.bnnbloomberg.ca/awash-in-
red-ink-canadian-clean-tech-struggling-
despite-ottawa-s-green-goals-1.729679

15. Commodity Prices

16. Manufacturing Sales / Canada
Source – Stats Canada

17. Housing/Real Estate
https://www.youtube.com/watch?v=eVfuuaoZG_I&fbclid=IwAR2w3gwZQBUFmszQfo5awVdigIl5iv-
LmVGu0xigXPCeJSCiku51_hoTgRU
There have been systemic issues with urban planning - https://www.slideshare.net/paulyoungcga/urban-and-rural-
planning-whats-next
Trudeau’s policies have not made housing any more affordable. One could argue that @JustinTrudeau policies like carbon
tax have hurt housing costs - https://www.slideshare.net/paulyoungcga/canada-housing-market-latest-analysis-may-2020

18. PBO Reports /
Stimulus
 Deficit likely $260B+
https://www.ctvnews.ca/politics/federal-
deficit-likely-now-at-260-billion-due-to-covid-
19-pbo-says-1.4955585
 Deficit likely $260B+ -
https://ipolitics.ca/2020/04/30/pbo-says-
federal-deficit-could-reach-252b-this-year-
the-highest-on-record/
 Trudeau has shut down parliament – no
oversight by parliament on spending -
https://nationalpost.com/news/liberals-
derailing-parliament-when-covid-19-
spending-oversight-especially-needed-critics
 Trudeau record on accountability and
oversight -
https://www.slideshare.net/paulyoungcga/
open-and-honest-government-lack-of-
oversight-and-accountability-by-justin-
trudeau-and-the-liberals

19. WE Charity / Ethical issues
 https://www.ctvnews.ca/politics/kielburger-backtracks-after-saying-pmo-contacted-we-about-student-
aid-program-
1.5006228?cid=sm%3Atrueanthem%3Actvnews%3Apost&utm_campaign=trueAnthem%3A+New+Cont
ent+%28Feed%29&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwAR0k7rrSeALQrA1kCA
0MwevWA78Dk8OBa4IE3YIIookYJUxvj4IRiqKzmQI
 https://www.cbc.ca/news/politics/pandemic-student-we-charity-trudeau-1.5633674
 Ethical issues do not seem to matter to the Liberals, right @BardishKW ?
 https://www.thestar.com/politics/federal/2020/06/25/ottawa-outsources-student-grant-program-to-a-
toronto-charity-that-works-with-justin-trudeaus-wife.html
 Is anyone surprised?
 https://www.slideshare.net/paulyoungcga/2019-election-ethics-and-transparency-canada-may-2019
 Ethical issues do not seem to matter to the Liberals, right @BardishKW ?

20. Infrastructure / Audit
@Scott_Gilmore How about you write an article on transparency? You can start with @cathmckenna in terms of why
she will not disclose infrastructure projects?
https://www.slideshare.net/paulyoungcga/open-and-transparent-government-has-trudeau-been-effective-pm
@ErinOTooleMP @PierrePoilievre @emilia_suze @GasPriceWizard @Swiftie01
@cathmckenna could care less about value for money or oversight!
https://www.slideshare.net/paulyoungcga/canada-infrastructure-investment-getting-goods-to-market

21. Environmental Contracts
Source - https://www.blacklocks.ca/dept-broke-contract-rules-2/

22. POST COVID19 @gmbutts @NavdeepSBains @Bill_Morneau
Here are suggestions on how to transform both the govt and
private sector post-covid19
https://www.slideshare.net/paulyoungcga/how-to-reform-local-
and-municipal-government
Information technology can play a key role as part of re-shaping
both social and economic policies around the world!
https://www.slideshare.net/paulyoungcga/technology-what-
needs-to-happen-for-canada-and-the-world
More focus on supply chain management -
https://www.slideshare.net/paulyoungcga/how-best-to-reshore-
supply-chains
Other sources:
https://www.slideshare.net/paulyoungcga/transforming-the-
economy-postcovid19-canada-and-the-world

23. Foreign Policies and Affairs
 @JustinTrudeau has been a complete disaster of foreign policy and affairs. Trudeau took Canada back
decades with his approach to foreign governments! - https://www.slideshare.net/paulyoungcga/is-
canada-back-foreign-affairs-and-policies
• Canada has dropped from top 10 (least corrupt countries in the world -
https://www.osler.com/en/blogs/risk/march-2020/canada-drops-from-top-10-least-corrupt-countries-
in-transparency-international-annual-corruption-per
• Canada drops in the world transparency index - https://gowlingwlg.com/en/insights-
resources/articles/2020/canada-drops-ranks-in-transparency-international/
• Canada lost a vote for security council seat - https://time.com/5855483/canada-un-security-council-
seat/
• Trudeau never brought Canada back to the world scene. One could make the argument that Trudeau
took Canada’s foreign polices back decades - https://pgdailynews.ca/index.php/2020/06/28/canadas-
foreign-policy-isnt-what-it-used-to-be/

24. Job Quality / Canada
https://twitter.com/ubi_works/status/1250681859517882368
@jyduclos since you think fixing a job quality issue is solved by
govt handouts, right? I guess the goal of liberals is to bring in
the Cuba socialism system, right?
https://www.slideshare.net/paulyoungcga/job-quality-canada-vs-
usa or https://www.slideshare.net/paulyoungcga/socialism-why-
is-it-deemed-to-fail
@ubi_works you do not fix income inequality by making
everyone else poor. You fix it by addressing issues like FDI or
tax reforms or emphasizing skill trades or other areas -
https://www.slideshare.net/paulyoungcga/social-spending-and-
tax-fairness-197908290
@JustinTrudeau going to fix the bad policies that continue to
drive down job quality?

25. Immigration
https://business.financialpost.com/news/economy/canada-needs-immigrants-despite-soaring-
unemployment?utm_medium=Social&utm_source=Twitter#Echobox=1592479277
https://www.slideshare.net/paulyoungcga/policy-review-immigration-canada
@GabeFriedz
There are allot of issues related to immigration that should have @cafreeland @marcomendicino @JustinTrudeau putting
the pause on immigration!

26. Fitch Bond Ratings
Source - https://www.fitchratings.com/research/sovereigns/canadas-growing-deficit-raises-fiscal-consolidation-risks-
27-08-2020

27. Dept/Agency issues
1. Liberals have created a new entity called the Ocean Super cluster. This entity seems to be a duplicate of what work is already being
done through the fisheries agencies - https://www.slideshare.net/paulyoungcga/aquaculture-fish-farming-and-harvesting-analysis
(see slide 17)
2. I have reviewed the coast guard and there are issues with the Coast Guard - https://www.slideshare.net/paulyoungcga/government-
policy-public-safety-canada-coast-guard
3. Trudeau has not been clear about 5G, especially in terms of contracts - https://www.slideshare.net/paulyoungcga/global-security-
threats-from-5g-leads-to-new-selection-of-5g-vendors
4. CRA needs to revisit its mandate in terms of auditing charities as well as shutting down tax havens -
https://www.slideshare.net/paulyoungcga/closing-down-of-tax-havens
5. I have seen little discussion on the cannabis policy including mental health as well as enforcement costs -
https://www.slideshare.net/paulyoungcga/government-policy-legalization-of-cannabis-canada
6. More work needs to be done to reform the delivery of healthcare - https://www.slideshare.net/paulyoungcga/whats-next-for-
global-healthcare-post-covid19
7. Liberals policies for the AG sector need to have a full review - https://www.slideshare.net/paulyoungcga/whats-next-for-farming-in-
canada-analysis-of-economic-and-government-policies
8. eCommerce continues to expand as such so should the policies of the government -
https://www.slideshare.net/paulyoungcga/ecommerce-whats-next
9. The government needs a performance audit of its youth employment policies - https://www.slideshare.net/paulyoungcga/canada-
youth-development
10. There needs to be performance audit of CERB as part of moving people off of CERB -
https://www.slideshare.net/paulyoungcga/policy-analysis-guarantee-income

28. Summary
1. There are many issues facing Canada as part of moving post-covid 19 -
https://www.slideshare.net/paulyoungcga/management-of-pandemic
2. Trudeau still needs to prove to Canadians that his government is both transparent and accountable
3. All levels of government need to be reformed - https://www.slideshare.net/paulyoungcga/fiscal-management-
canada-defict-and-debt or https://www.slideshare.net/paulyoungcga/public-sector-how-to-reform-all-levels-of-
government
4. GDP has many risks - https://www.slideshare.net/paulyoungcga/gdp-by-industry-canada-june-2020
5. Post-Covid19 should include re-thinking the supply chain - https://www.wsj.com/articles/usmca-takes-effect-but-
north-american-trade-tensions-remain-11593604807. The new USCMA along with other deals can help re-shape
the economy.
6. More balance between the economy and the environment - https://www.slideshare.net/paulyoungcga/electricity-
generation-co2-and-environmental-impact-whats-next
7. All levels of government need to look at ways to automate internal audits, i.e. performance and operational
audits - https://www.slideshare.net/paulyoungcga/the-role-of-operational-and-performancebased-auditing-on-
government-and-the-private-sector

29. 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