Here is my latest review of the Liberal Party of Canada record since they took office in October 2015.

1. Economic and Fiscal Scorecard
– Trudeau – November 2015
to August 2020 and
September 2020
PAUL YOUNG CPA CGA
OCTOBER 30, 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
 GDP Growth / Deficits
 Stock Market – July 24, 2020
 Affordability
 GDP / July 2020
 Wages / July 2020
 Key Indicators
 Commodity Prices
 Canada Manufacturing Sales
 Housing
 PBO / Budget deficits
 Fiscal Monitor
 Ethical issues / WE Charity
 Infrastructure / Audit
 POST COVID19
 Foreign Policies and Affairs
 Job Quality
 Immigration
 Dept/Agencies
 Fitch
 Public Safety
 Foreign Aid
 Carbon Tax / Natural Gas
 Other Training/Development

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

5. Canada – GDP – August 2020
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/201030/t001a-eng.htm

6. Private Sector / GDP Analysis
http://view.website.rbc.com/?qs=354cf519614
69e279da0631120b78e0d5f6445375d064207
3ecf9eaf43c3caae1c23dffbe3f76a2782d6c264
a2e6fbbd56efb0e204d8a1e4718b93eec2a608
0d70a1f4711a801f89
https://economics.bmo.com/en/publications/detail/888bd
95d-fc58-4a14-8d4c-c2eba9e91d2c/

7. Canada vs USA GDP (Est Q320)
Here is my work macro/micro indicators for both Canada and USA -
https://www.slideshare.net/paulyoungcga/key-macro-and-micro-indicators-canada-and-usa-
august-2020-and-september-2020

8. Stock Market
Source – BMO and TSX

9. Affordability
Source - https://www.slideshare.net/paulyoungcga/affordability-have-the-liberals-improve-the-lives-of-
canadians

10. Wages / August 2020
• Rising food costs - https://vancouversun.com/news/covid-19-food-prices-shoot-up-waistlines-expanding-
anyway
• Wages / Employment - https://www.slideshare.net/paulyoungcga/policy-and-economic-analysis-wages-and-
employment
• Enormous issues still exist with public sector vs. private sector compensation -
https://www.slideshare.net/paulyoungcga/how-to-reform-the-public-sector-in-canada-and-around-the-world

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. Commodity Prices
Source - https://www.scotiabank.com/ca/en/about/economics/economics-
publications.commodities.html

17. Manufacturing Sales / Canada
Source – Stats Canada

18. 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/housing-market-analysis-and-commentary-canada

19. 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

20. Fiscal Monitor – August 2020
Source - https://www.canada.ca/en/department-finance/services/publications/fiscal-monitor/2020/08.html

21. 2020/2021 – Projection based on Fiscal
Monitor
Source - Source - https://www.canada.ca/en/department-finance/services/publications/fiscal-monitor/2020/08.html

22. 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 ?

23. 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

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

25. 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

26. 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/

27. Key Policy Review
 Indigenous Affairs - https://www.slideshare.net/paulyoungcga/policies-and-affairs-indigenous-first-nations-analysis-
and-commentary
 Defense Spending - https://www.slideshare.net/paulyoungcga/policy-analysis-defense-spending-canada
 EI - https://www.slideshare.net/paulyoungcga/policy-analysis-employment-insurance-and-cerb-canada
 Cannabis - https://www.slideshare.net/paulyoungcga/cannabis-legalization-canada-policy-analysis
 Innovation - https://www.slideshare.net/paulyoungcga/how-best-to-support-business-startups
 Income inequality - https://www.slideshare.net/paulyoungcga/pandemic-and-covid19-canada-and-the-world
 Post-Secondary Education - https://www.slideshare.net/paulyoungcga/postsecondary-education-outcomes-canada
 Youth Employment - https://www.slideshare.net/paulyoungcga/canada-and-youth-employment-analysis-and-
commentary
 Social Welfare and Housing - https://www.slideshare.net/paulyoungcga/canadas-reforming-of-social-welfare-
programs
 Foreign Policies and Affairs - https://www.slideshare.net/paulyoungcga/foreign-policies-and-affairs-middle-east-
238725972

28. 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

29. Job Quality / Canada
The economy was a mess pre-covid19
Nov/19 - https://www.slideshare.net/paulyoungcga/gdp-
and-economy-canada
Oct/19 Growth -
https://www.slideshare.net/paulyoungcga/global-growth-
and-the-major-issues-facing-global-gdp
Jul/20 - https://www.slideshare.net/paulyoungcga/canadas-
gdp-july-2020
What was the answer? Ontario failed green agenda will be
push! https://www.slideshare.net/paulyoungcga/ontarios-
failed-green-agenda-october-2019

30. 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!

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

32. PBO / Deficit and Debt
Source - https://www.pbo-dpb.gc.ca/en/blog/news/RP-2021-027-S--economic-fiscal-outlook-
september-2020--perspectives-economiques-financieres-septembre-2020
• Canada was already running higher deficits pre-covid19 despite Trudeau promising a balanced
budget in 2019 - https://www.slideshare.net/paulyoungcga/fiscal-management-canada-analysis-
and-commentary

33. Accountability and Oversight
 The liberals have committed many ethical violations as well as had issues with redacting information as part
of hiding information from view - https://www.slideshare.net/paulyoungcga/federal-government-of-canada-
oversight-and-governance-model
 Audit - https://nationalpost.com/news/auditor-general-to-scrutinize-governments-187b-infrastructure-program
 CRA incentives - https://www.investmentexecutive.com/news/industry-news/cra-audit-incentives-lead-to-poor-
taxpayer-outcomes-study-suggests/
 Ethics - https://www.theglobeandmail.com/politics/article-freeland-bains-and-seven-other-federal-officials-barred-
from-official/
 Cost of Guarantee Income - https://www.fraserinstitute.org/studies/how-much-could-a-guaranteed-annual-income-
cost
 Health Canada -
https://www.rebelnews.com/auditors_called_in_to_review_mismanagement_at_public_health_agency_of_canada

34. Foreign Aid /
Oversight
No oversight or care! UN seat
is lost, but @JustinTrudeau
campaign appears to be now for
@OECD and @Bill_Morneau
https://www.slideshare.net/pa
ulyoungcga/foreign-aid-
bringing-more-accountability-
transparency-and-oversight

35. Public Safety
Source - https://torontosun.com/opinion/columnists/goldstein-politicians-ignoring-the-
truth-about-rising-gun-violence or https://www.slideshare.net/paulyoungcga/policy-
analysis-public-safety-crime-and-policing-october-2020
Police-reported crime in Canada, as measured by the Crime Severity Index (CSI), increased 5% in the year prior
to the pandemic—from 75.6 in 2018 to 79.5 in 2019. This is the fifth consecutive annual increase in the CSI.
Nevertheless, the 2019 index remained 9% lower than a decade earlier
Great time to be discussing the defunding the police!
https://www.slideshare.net/paulyoungcga/policy-analysis-public-safety-crime-and-policing-october-2020

36. Natural Gas / Carbon Tax
Source - https://www.blacklocks.ca/see-60-hike-in-heating-bills/
Part of the reason that hikes are happening now is that commodity prices are low for natural gas. The new carbon tax
can be buried without people seeing the increase immediately with their bills . Natural Gas -
https://www.slideshare.net/paulyoungcga/what-is-next-for-natural-gas (see slide 4) Natural gas is also about 9% of
total electricity production. AFN are moving to natural gas from diesel -
https://www.slideshare.net/paulyoungcga/report-electricity-analysis-canada-and-the-world and
https://cabinradio.ca/39038/news/economy/new-inuvialuit-plan-to-supply-natural-gas-in-two-years/

37. Summary
1. Throne Speech Analysis and Commentary - https://www.slideshare.net/paulyoungcga/what-is-next-for-canada-throne-speech-
september-23-2020
2. There are many issues facing Canada as part of moving post-covid 19 - https://www.slideshare.net/paulyoungcga/management-of-
pandemic
3. Accountability and oversight - https://www.slideshare.net/paulyoungcga/governance-model-are-the-liberals-open-and-transparent
4. Trudeau still needs to prove to Canadians that his government is both transparent and accountable
5. 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
6. GDP has many risks - https://www.slideshare.net/paulyoungcga/gdp-by-industry-canada-june-2020
7. 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.
8. More balance between the economy and the environment - https://www.slideshare.net/paulyoungcga/electricity-generation-co2-and-
environmental-impact-whats-next or https://www.slideshare.net/paulyoungcga/clean-technology-and-the-green-economy-what-is-next
9. 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

38. 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