How to fix the cost of living - https://www.slideshare.net/paulyoungcga/how-to-address-high-cost-of-living-pptx Per capita income ranking has fallen - https://betterdwelling.com/canadian-gdp-per-capita-is-still-down-may-indicate-drop-in-living-standards-stat-can/ Canada has struggle with productivity - https://www.fraserinstitute.org/studies/canadian-australian-business-sector-productivity-gap-a-sectoral-analysis Australia is becoming a world leader in the mining sector, especially critical metals https://www.mining-technology.com/analysis/the-pentagon-sets-it-sights-on-australias-critical-minerals/ Canada has struggle with innovation - https://globaladvantageconsulting.com/canadas-worsening-innovation-output-dilemma/ Canada has a job quality issues. Nearly 50% of job vacancies pay less than the average wage - https://www.slideshare.net/paulyoungcga/wages-and-job-vacancies-job-quality-canada-may-2022-and-april-2022pptx From 2009 to 2015 the economy was growing at a pace 2.3%. From 2016 to 2019 the economy average growth was about 2%. Trudeau’s deficits did little to address the systemic issues with the Canadian economy - https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp Housing is an issue as all level of governments have failed to deal with systemic issues with housing - https://www.slideshare.net/paulyoungcga/affordable-housing-household-debt-and-homelessness-canada-and-the-world-june-2022pptx

1. Revised – Inflation
Analysis –Canada
Paul Young CPA CGA
July 21, 2022

2. Paul Young - Bio
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos

3. Agenda
• Consumer Price Index
• Housing Price Index
• Housing Prices
• Household Debt to Income
• Carbon Taxation
• Cdns above the average wage
• Cable and Satellite Pricing Index
• Lumber Prices
• Natural Gas
• Summary

4. Introduction
• The liberal ran on a platform saying they would make things more
affordable. This presentation discuss key policy changes as part of
people assessing did the Liberals make lives either more affordable
or less affordable

5. OECD and Inflation

6. Child Care Costs
Blog – Childcare and Daycare – Canada – What is next
I believe in program spending if it is effective in terms of results. The $10 childcare model proposed by @JustinTrudeau
is poorly constructed due systemic issues with daycare like oversight, availability of spots, and cash strapped families.
My work - https://www.slideshare.net/paulyoungcga/daycare-and-child-care-funding-canada-october-2021
While the federal government seems to have placed Quebec’s child-care system on a pedestal, hailing it as the “very best
example,” we believe the national child-care plan could — and should — do better. Almost from its inception in 1997, the
Quebec daycare system has had long waiting lists that aren’t getting any shorter. Some 51,000 children are currently
waiting for a space. Things have gotten to the point where families believe it’s normal to spend several years on a waiting
list before getting a slot in a subsidized child-care centre. This is despite the now billions of dollars spent every year
throughout the system.
https://financialpost.com/opinion/opinion-lets-not-kid-ourselves-quebecs-child-care-is-no-model
This daycare plan is flawed! https://www.slideshare.net/paulyoungcga/daycare-and-child-care-
funding-canada-october-2021 . You may want to read the various audit reports on the existing
issues with daycare before making your various tweets.
https://www.cbc.ca/news/politics/childcare-ontario-liberals-
1.6207667?__vfz=medium%3Dsharebar

7. Inflation / Canada
Source – Stats Canada
CPI - Canada - May
2022.pdf

8. Summary - Inflation

9. Price Change by Main Area
Source – Stats Canada

10. Summary - Inflation

11. Housing Price Index
• Source -
https://tradingeconomics.com/canada/ho
using-index

12. BMO – Consumer Price Index
Source – BMO - https://economics.bmo.com/en/publications/detail/c8a3a857-a963-4582-
8aa6-2e730b652b2c/
Source –
https://economics.bmo.com/en/publications/detail/7
3bfff0d-5833-4e0d-bf16-70dcd961be68/
CPI = Cannonading
Price Increases.pdf
U.S. CPI Just Keeps
on Peaking.pdf
CPI Behind the 8.1
Ball.pdf

13. Industrial Produce Price Index

14. Household Costs / Carbon Pricing CAN environmental ranking has dropped one position under
your watch
No where do you mentioned either the dumping of sewage into
waterways or the impact of cruise ships.
No where do you mentioned that carbon tax hurts family
$1K+/yr (ex-tax credit)
https://www.slideshare.net/paulyoungcga/2019-election-
environment-climate-change-issues-and-concerns-canada-
september-2019
@cathmckenna
You allow sewage into waterways
Cruise ship have emissions issues
Oil is going by rail
Canada already taxed pollution way before your carbon tax
https://www.slideshare.net/paulyoungcga/2019-election-
environment-climate-change-issues-and-concerns-canada-
september-2019

15. Carbon Tax
Source – Fraser Institute

16. Lumber Cost
Source - https://www.canadianmanufacturing.com/operations/new-record-wood-product-prices-boost-shares-and-estimates-for-canadian-producers-259279/ or
https://www.slideshare.net/paulyoungcga/forestry-management-environment-sustainable-practices or https://www.slideshare.net/paulyoungcga/what-is-next-for-the-forestry-sector-243761063

17. Housing Cost

18. Key Cost Areas

19. Natural Gas
Natural gas prices continue to rise
Natural gas plants are moving to zero-emissions through carbon sequestration processes
Carbon tax prices will continue to impact utility costs for both households and businesses
https://www.slideshare.net/paulyoungcga/what-is-next-for-natural-gas-250240876
https://www.cnbc.com/2021/09/16/why-natural-gas-could-extend-its-pullback-according-to-charts.html
Key Takeaway: These are good times for natural gas producers, which could extend into next year. Thus, the risks to our
annual average forecast for Henry Hub of $3.50 for 2021 and $3.00 for 2022 remain skewed towards the upside.
https://economics.bmo.com/en/publications/detail/65ad0b01-40d1-4f0f-be57-71d7851ff5f0/

20. Electricity Costs
European electricity prices have climbed to their highest levels in over a decade in recent weeks, rising above 100 euros
per megawatt-hour in many markets. In Germany and Spain, for example, prices in September have been around three
or four times the averages seen in 2019 and 2020. This increase has been driven by the surge in gas, coal and carbon
prices in Europe.
Chinese utilities are only permitted to pass along 10% price increases. They have not yet been permitted to pass along
more price increases to consumers. This makes for a less flexible response the shortages and price increases.
https://www.nextbigfuture.com/2021/09/coal-and-gas-prices-have-doubled-which-contribute-to-china-power-
outages.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2Fadvancednano+%
28nextbigfuture%29
My work: https://www.slideshare.net/paulyoungcga/world-electricity-analysis-and-commentary-june-2021

21. Global Energy Prices
• Global energy prices have spike due to issues with
energy supply -
https://www.slideshare.net/paulyoungcga/world-
electricity-analysis-and-commentary-july-2021

22. Bank of Canada / Monetary Policies
• There are issues with GDP: a) Productivity b) FDI
outflow c) Lack of innovation d) Higher
Commodities e) government deficits and taxes
• About 40% of the job vacancies are with jobs that
pay less than the average wage
• Size of household debt continues to be an issue
• Lack of affordable housing options
• Global Trade and protectionism
Source - https://www.slideshare.net/paulyoungcga/bmo-
7-reasons-to-be-exciting-about-the-canadian-economy
My concerns with the BOC saying inflation dropping from 5.3% in 2022 to 2018 is not realistic and here is why:
• Liberals plan hikes to carbon tax - https://nationalpost.com/news/politics/federal-carbon-tax-to-increase-to-170-per-tonne-
by-2030-as-liberals-unveil-new-climate-plan
• Critical metals have risk due to supply and refinement capacity issues. https://oilprice.com/Latest-Energy-News/World-
News/America-Desperately-Needs-To-Scale-Up-Battery-Metal-Production.html
• Huge capital needs to be spent on areas like the electrical grid and plug-in stations (electrical vehicle adoption)
• Housing issues will continue to plague the cost of housing – https://www.slideshare.net/paulyoungcga/housing-and-
homelessness-canada-and-the-world-budget-2022-pptx
• Automation will also play a key role with organizations managing their costs -
https://www.slideshare.net/paulyoungcga/what-is-next-for-automation
My work - https://www.slideshare.net/paulyoungcga/preliminary-cost-of-living-canada-february-2022pptx

23. What’s next
• Removing the carbon tax
• All levels of government need to stop looking for ways to tax people
and start fixing issues with the tax code as well as finding better
ways to deliver government -
https://www.slideshare.net/paulyoungcga/2019-election-fiscally-
responsible-government-canada-september-2019 or
https://www.slideshare.net/paulyoungcga/2019-election-tax-
reforms-and-fairness-canada-september-2019
• Fixing policies that will ensure Canada is more competitive when it
comes to attracting FDI -
https://www.slideshare.net/paulyoungcga/2019-election-canada-
competitivenes-september-2019
• All governments along with the private sector need to fix the
systemic issues with housing -
https://www.slideshare.net/paulyoungcga/2019-election-housing-
affordability-canada-june-2019
• All levels of government along with private sector need to work
together as part of address the skill gap issues -
https://www.slideshare.net/paulyoungcga/2019-election-human-
capital-and-skills-management-canada-september-2019
• Post-Covid19 - https://www.slideshare.net/paulyoungcga/whats-
next-for-canada-post-covid19
• Fixing issues plaguing the goods-producing sector -
https://www.slideshare.net/paulyoungcga/how-to-address-issues-
facing-getting-goods-to-market
• Circular Economy - https://www.slideshare.net/paulyoungcga/how-
to-best-support-a-circular-economy
Blog – Cost of Living – Canada – June 2022
CPI Behind the 8.1
Ball.pdf
‘Surviving just by the
skin of my teeth’ Students face high inflation for first time The Star.pdf
Relocation,
relocation, relocation Canadians love their neighbourhoods, but will move to find affordable homes.pdf
Sky-high diesel prices
squeeze truckers, farmers, consumers - The Globe and Mail.pdf
Megaprojects could
sustain Canadian construction sector through upcoming headwinds economists - constructconnect.com.pdf
Premarket World
shares hit three-week high on easing recession fears - The Globe and Mail.pdf
The Fed Could
Overreact into a Recession If It Misses Key Warnings From Overseas Barron's.pdf
'World faces first
truly global energy crisis' IEA's latest verdict on green power, coal and gas Recharge.pdf
St. Catharines is
eleventh most expensive rental market in Canada Zumper StCatharinesStandard.ca.pdf
With rents soaring
across Canada, some people are getting priced out – Atin Ito.pdf
SOARING RAW
MATERIAL COSTS CAUSING PAIN FOR CANADIAN MANUFACTURERS.pdf
Fashion Alert What’s
in Store for Raw Material Costs, Demand + Supply – Sourcing Journal.pdf
Summary:
James Orlando, senior economist with TD Bank, first started tracking the similarities between
today’s inflation period and the highs of the previous generation back in April.
Then, he noted that the causes of inflation today — surging food, fuel and shelter prices — were
the same ones driving Canadian prices higher over two distinct periods, one in the early 1970s
and one later in the decade, stretching into the 1980s.
Orlando wrote back in April that while today’s price hikes might not be at the same magnitude as
the 70s and 80s, it might feel just as significant. When inflation hits the staples we buy regularly
in the grocery store, it elicits a more intense, emotional reaction from consumers, he explained.
But while prices were high, Canadians also were spending heavily through much of the 70s
thanks to rapidly rising wages and low interest rates.
(1) Inflation in
Canada soared 40 years ago. Is today’s price surge any different - National Globalnews.ca.pdf
Source - https://globalnews.ca/news/9001056/inflation-crisis-canada-history/

24. 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.udem
y.com/ (search Paul
Young CPA CGA