This presentation looks at the economies across Canada for 2018 Canada faces significant risks heading into 2018 and beyond.

1. PROVINCIAL
OUTLOOK –
CANADA - 2018
BY: PAUL YOUNG, CPA, CGA
DATE: DECEMBER 25, 2017

2. DISCLAIMER
• This presentation looks at the economies across Canada for 2018
• Canada faces significant risks heading into 2018 and beyond.

3. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Financial Solutions
• SME – Business Process Change
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

4. AGENDA
• GDP Growth by Province
• Commodity Prices
• NAFTA Impact by Province
• Clean Technology
• Provincial Finances
• Ontario/Finances
• Summary

5. GDP GROWTH BY PROVINCE
Source - http://www.rbc.com/economics/economic-reports/pdf/provincial-forecasts/provtbl.pdf

6. GDP GROWTH BY PROVINCE
Source - http://www.rbc.com/economics/economic-reports/pdf/provincial-forecasts/provtbl.pdf

7. COMMODITY INDEX
Source - http://www.gbm.scotiabank.com/scpt/gbm/scotiaeconomics63/SCPI_2017-12-20.pdf

8. NAFTA RISKS/VULNERABILITY
Source - http://www.gbm.scotiabank.com/scpt/gbm/scotiaeconomics63/2017-12-14_I&V.pdf
Manufacturing Sales

9. CLEAN TECHNOLOGY
Source - http://www.newswire.ca/news-releases/canadas-call-to-action-for-canadian-clean-technology-a-1-trillion-opportunity---edc-alone-committing-7-billion-for-canadian-companies-by-2020-660265753.html
or
The worldwide movement to tackle climate change is ramping up and there
is growing demand for clean technology and services. Cleantech Export
Week will launch a national conversation about how Canadian companies
can more easily bring their solutions to the international market – a market
estimated to be worth US$1 trillion and expected to surpass US $2.5
trillion by 2020.
"Canada has the potential to be one of the world's go-to sources for
cleantech solutions, and so EDC is stepping up to be Canada's source for
financing cleantech companies by increasing our financial support to meet
the market needs," says Benoit Daignault, EDC President and CEO. "We
planned Cleantech Export Week to salute the ingenuity and
entrepreneurship of companies across the country, and as a call to action
to challenge Canada's innovators to expand their horizons beyond our
borders by tapping into the support provided by EDC and our partners."
EDC is the largest provider of financial solutions for cleantech companies
looking to export internationally, EDC provided more than $1 billion in the
sector in 2016 and expects business volumes to exceed $7 billion between
now and 2020.
Cleantech has been a priority for EDC since 2012. Since then we have
helped over 170 Canadian cleantech companies export to 114 countries
and have conducted almost $3.5 billion in business.
"In short, Canada's clean-technology industry is awash in red
ink" and its companies vulnerable to foreign takeover, the
report said adding that Canada's share of the global clean tech
export market slipped to 1.4 per cent in 2015 versus 1.6 per
cent in 2008, while Malaysia and China have taken much larger
chunks over that period.
Canadian clean tech revenue rose eight per cent to $13.27
billion in 2015 versus the prior year, but the cost of financing
projects has increased, adding to the pressure on companies
looking to increase their scale.
One profitable company that nevertheless highlights the
dilemma is Northland Power Inc, which has developed several
offshore wind projects in Europe but is seeking a buyer to fund
its next stage of growth.
Other publicly listed Canadian renewable energy companies
include TransAlta Renewables Inc and Algonquin Power &
Utilities Corp.
The federal Liberal government has imposed a national price on
carbon and sought to boost the use of renewable energy,
promising $1.8 billion of federal funding over the next three
years to support clean technology projects.
Source - https://www.bnn.ca/awash-in-red-ink-canadian-clean-
tech-struggling-despite-ottawa-s-green-goals-1.729679

10. DEBT TO GDP BY PROVINCE
Source - http://www.rbc.com/economics/economic-reports/pdf/provincial-forecasts/prov_fiscal.pdf

11. SURPLUS/(DEFICIT) TO GDP BY PROVINCE
Source - http://www.rbc.com/economics/economic-reports/pdf/provincial-forecasts/prov_fiscal.pdf

12. ONTARIO FISCAL MANAGEMENT
Source - http://www.metronews.ca/news/ottawa/2017/05/31/watchdog-sounds-alarm-on-ontario-budget-deficit.html

13. SUMMARY
• Carbon taxation/pricing will be in full force in 2018 -
http://business.financialpost.com/commodities/energy/ottawas-carbon-tax-plan-to-shrink-economy-by-3-
billion-hurt-loonie-in-2018-study
• Uncertainty with NAFTA is very concerning for Canadian businesses -
https://globalnews.ca/news/3918573/canadian-business-u-s-nafta/
• Hydro Rates continue to rise - http://www.cbc.ca/news/canada/manitoba/pub-manitoba-hydro-increase-
1.4431783
• United States has lower its federal corporate tax rate to 21% with combining corporate tax at the state levels
means USA corporate taxes will be very similar to Canada (26.5% - combined federal and provincial)
• Two provinces are moving forward to major adjustments to minimum wage -
https://www.theglobeandmail.com/news/national/ontario-minimum-wage-hike-could-trigger-50000-job-
losses-watchdog/article36235499/