Following historic declines in April that saw exports and imports lose more than one-quarter of their monthly value due to the COVID-19 pandemic, exports increased 6.7% in May, mainly reflecting the resumption of production in the auto industry as well as higher crude oil prices. Meanwhile, imports decreased a further 3.9%, reflecting supply challenges at a time when various economies around the world were progressively re-opening.

1. Merchandise
Trade –
Canada
PAUL YOUNG
MAY 2020

2. Paul Young - Bio
 CPA, CGA
 Financial Solutions
 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
 Exports – May 2020
 Trade Surpluses/(Deficits)
 Trade by key countries
 Trade / BMO
 CBC Press Release / Trade
 Supply Chain Management
 USMCA Trade
 Near Shoring
 What’s next
 Other sources / Training options

4. Exports –
May 2020
SOURCE – STATS CANADA -
https://www150.statcan.gc.ca/n1/
daily-
quotidien/200702/dq200702a-
eng.htm

5. Trade Surpluses (Deficits)
SOURCE – STATS CANADA - https://www150.statcan.gc.ca/n1/daily-quotidien/200702/dq200702a-eng.htm

6. Trade by key
countries
SOURCE – STATS CANADA -
-
https://www150.statcan.gc.ca
/n1/daily-
quotidien/200702/dq200702
a-eng.htm

7. Supply Chain
Management
 Is that not why we have the combine act?
https://www.tc.gc.ca/eng/policy/acg-acgb-mergers-
guidelines-draft-3143.html
 Mergers and acquisitions are important, but they
do need to review to ensure they are in the best
interest of both the sector and the country -
https://tnc.news/2020/06/02/conservative-
motion-to-stop-china-from-buying-struggling-
firms-passed/
 Should we not be focusing on identifying what
products should be strategic?
 https://www.slideshare.net/paulyoungcga/how-best-
to-reshore-supply-chains
 Errors with medical supplies
 https://thepostmillennial.com/trudeau-governments-
medical-equipment-blunder-cost-taxpayers-1-8-
billion

8. WTO
 The WTO needs to be reformed including
revisiting the status of various countries
within the organization
 @jimcarr_wpg it never seems to amaze me
how little you grasp of both supply
management and fair-trade practices. -
https://www.slideshare.net/paulyoungcga/2
019-election-global-trade-barriers-and-
protection-wto-canada-september-2019
 @CPC_HQ and previous govts grasp the
need for trade with other countries, but not
your govt!

9. USMCA
 Start date – July 1, 2020
 Steep learning curve automotive -
https://www.freep.com/story/money/cars/2020/07/02/nafta-replacement-usmca-
launches/5360048002/
 Japan Automotive - https://asia.nikkei.com/Business/Automobiles/Japan-auto-
companies-triple-Mexican-pay-rather-than-move-to-US

10. Nearshoring
 Key areas of focus for 2020 - https://www.pslcorp.com/nearshoring-outsourcing/5-nearshore-development-trends-to-watch-closely-in-2020/
 Remote work the new normal - https://medium.com/dev-genius/remote-work-is-a-new-normal-save-costs-with-it-nearshoring-2f471cea3a91
 Better control of supply chain management - https://www.mhlnews.com/global-supply-chain/article/22050699/why-nearshoring-is-a-better-
option-for-north-american-companies or https://www.slideshare.net/paulyoungcga/how-best-to-reshore-supply-chains
 Drug production - https://www.fiercepharma.com/manufacturing/pharma-pushes-back-u-s-legislation-to-bring-drug-manufacturing-stateside
 Chip production - https://www.politico.com/newsletters/morning-trade/2020/06/11/lawmakers-unveil-bill-to-boost-semiconductor-production-
788432
 Reshoring of manufacturing - https://www.theglobeandmail.com/business/commentary/article-will-the-reshoring-trend-revive-canadian-
manufacturing/ or https://policyoptions.irpp.org/magazines/june-2020/is-this-canadas-last-chance-to-revive-manufacturing-and-long-term-
prosperity/
 Technology and logistics - https://news.microsoft.com/2020/06/25/hitachi-and-microsoft-form-a-strategic-alliance-to-advance-next-generation-
digital-solutions-for-manufacturing-and-logistics-across-southeast-asia-north-america-and-japan/
 More development of natural resources - https://www.slideshare.net/paulyoungcga/canada-natural-resources-forestry-sector-june-2020-whats-
next
 Getting oil and natural gas to market - https://www.slideshare.net/paulyoungcga/what-is-going-on-with-oil or Irving Oil -
https://www.trendsmap.com/twitter/tweet/1278418560600154112

11. Other Sources
 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

12. Summary
 Canada has a job quality issue -
https://www.slideshare.net/paulyoungcga/jo
b-quality-canada-vs-usa
 Canada still has issues with capacity -
https://www.slideshare.net/paulyoungcga/c
anada-and-world-post-covid19
 The world likely will be looking for AG
shipments along with Natural Resources
and food processing
 AG Sector -
https://www.slideshare.net/paulyoun
gcga/agriculture-and-food-policy-
what-needs-to-happen
 Natural Resources -
https://www.slideshare.net/paulyoun
gcga/canada-and-natural-resources-
development-and-export-strategy