Here is my latest work on Ontario

1. ONTARIO – STATE
OF THE PROVINCE
Paul Young CPA CGA
November 8, 2020

2. PAUL YOUNG - BIO
• CPA, CGA (1996)
• Financial Solutions (FOPM/FPM)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Advance Technology and Market
Entry
• SME – Supply Chain Management
• SME – Business Strategy and
RestructuringContact information:
Paul_Young_CGA@Hotmail.com

3. AGENDA
• Fiscal Cycle – FY 20/21
• Provincial Forecast
• Employment Analysis – October 2020
• GDP Analysis
• Construction – Housing
• Summary

4. FISCAL CYCLE
– 20/21
Source -
https://budget.ontari
o.ca/2020/chapter-
3.html

5. FISCAL DATA / ONTARIO
Source - https://economics.bmo.com/en/publications/detail/4b4da774-be50-4418-a43a-
f81d716eceac/

6. FISCAL DATA / ONTARIO
Source - https://economics.bmo.com/en/publications/detail/4b4da774-be50-4418-a43a-
f81d716eceac/

7. PROVINCIAL FORECAST
Source - https://thoughtleadership.rbc.com/provincial-economies-diverse-yet-together-in-experiencing-historic-
recession/?utm_medium=referral&utm_source=economics&utm_campaign=provincial

8. PROVINCIAL
FORECAST
Source -
https://thoughtleadership.rbc.c
om/provincial-economies-
diverse-yet-together-in-
experiencing-historic-
recession/?utm_medium=referr
al&utm_source=economics&ut
m_campaign=provincial

9. EMPLOYMENT – ONTARIO

10. GDP / ECONOMY
1. GM is re-opening Oshawa - https://www.detroitnews.com/story/business/autos/general-motors/2020/11/05/general-motors-
reaches-tentative-agreement-canadian-lanor-union-unifor/6171915002/
2. Plastics out of Wood - https://www.cbc.ca/news/canada/sudbury/forest-products-replace-plastic-products-northern-ontario-
1.5760299
3. Lithium - https://www.newswire.ca/news-releases/frontier-lithium-successfully-produces-lithium-hydroxide-from-the-pak-
lithium-project-884317358.html
4. Mining boon for Ontario - https://www.prnewswire.co.uk/news-releases/ontario-becomes-a-mega-hub-for-mining-activity-
857355976.html
5. Gold Project – Ontario - https://www.miningweekly.com/article/argonaut-to-build-380m-ontario-gold-project-2020-10-
15/rep_id:3650
6. Venture Capital - https://www.newswire.ca/news-releases/canadian-vc-reaches-2-59b-in-h1-2020-two-consecutive-quarterly-
drops-from-q3-q4-2019-862608227.html
7. Advance Mfg. - https://www.canplastics.com/economy/ontario-investing-9-3m-in-automotive-and-advanced-manufacturing-
skills-training/1003453912/
8. Ford and Ontario - https://www.newswire.ca/news-releases/new-commitment-to-battery-electric-vehicle-manufacturing-in-
ontario-833966689.html
9. Amazon - https://www.bnnbloomberg.ca/amazon-to-open-two-new-distribution-centres-in-ontario-create-more-than-2-500-
jobs-1.1491394
10. FCA - https://insideevs.com/news/449318/fca-investment-ontario-plant-produce-plugins/

11. CONSTRUCTION – HOUSING STARTS
Source - https://economics.bmo.com/en/publications/detail/26815b0f-e41f-45cc-b4d9-
a3f301e3b4de/ or https://economics.bmo.com/en/publications/detail/73a629e9-3fc3-4ed7-
af98-9a73d9117d15/

12. SUMMARY
• Ontario is still faced with many challenges
• Fixing issues with Assisted Living - https://www2.slideshare.net/paulyoungcga/how-do-you-fixed-assisted-living
• Hydro rates - https://www.newswire.ca/news-releases/ontario-energy-board-sets-new-electricity-prices-for-households-
and-small-businesses-887384746.html
• Education - https://www2.slideshare.net/paulyoungcga/education-canada-analysis-and-commentary
• Skills development - https://www2.slideshare.net/paulyoungcga/how-best-to-manage-skills-and-education-for-the-
world
• Healthcare - https://www2.slideshare.net/paulyoungcga/how-does-the-world-transform-healthcare-238832381
• Reshoring jobs - https://www2.slideshare.net/paulyoungcga/how-best-to-reshore-supply-chains
• Public sector reforms - https://www2.slideshare.net/paulyoungcga/how-to-reform-the-public-sector-in-canada
• More balanced between the economy and the environment - https://www2.slideshare.net/paulyoungcga/how-to-best-
support-a-circular-economy