Canada inflation rate hit nearly 7% for March 2022. Canada has one of the highest inflation rates in the G7.
Higher interest rates mean less cash for retail sales
Government continues to push their green agenda driving more green inflation
What is next for Monetary Policies - Canada - September 2022.pptxpaul young cpa, cga
Blog – What is next for Monetary Policies – Canada – September 2022
Canada has struggled with productivity issues for over 20 years. The liberals have done little address productivity including making changes to tax code related to capital cost allowance, R&D credits, training credits, etc.
Canada lock down strategy and stimulus has led to higher inflation. Liberals never had a plan to pull back on the stimulus through targeted measures that would better support improving supply chain, productivity, skills gap, and innovation
Canadian dollar has hit a two-year low,
Canada housing market was artificially kept high for years. The housing prices continue to fall.
Canada needs to revamp its tax and regulatory policies as part of getting goods out of the ground to market
Summary:
Canada’s economic expansion showed signs of moderation in May and June, pulling back from a strong start to the year in the face of high inflation and rising interest rates.
Output in June was on track for a small increase of 0.1 per cent after stalling in May, Statistics Canada said on Friday. That follows three months of strong growth between February and April that helped fuel a robust expansion in the second quarter, which the agency estimated at about 4.6 per cent annualized.
The results show a picture of an economy that was unscathed from the global slowdown in the first part of the year but may be entering a period of much slower growth.
The Bank of Canada has raised its benchmark policy rate by more than two percentage points since March to slow four-decade high inflation, and is expected to continue hiking by at least another half-percentage point at its next policy decision in September
Source - https://www.bnnbloomberg.ca/canada-s-economy-stalled-in-may-1.1798830
Bank of Canada - What is next for Monetary Policies - June 2022.pptxpaul young cpa, cga
Last month Deputy Governor Gravelle described the bank’s 1% overnight rate as “too stimulative” and the same could be said of today’s 1.5%. Indeed, the policy statement noted that with the economy in excess demand and inflation well above target and still yet to peak, “interest rates will need to rise further.” It finished by saying the bank is “prepared to act more forcefully if needed”—that’s not new language for the BoC but it’s new to the policy statement.
Source - https://ca.rbcwealthmanagement.com/103.branch/blog/3368558-Bank-of-Canada-hikes-interest-rates-another-50-bps-and-isnt-done-yet
What is next for Monetary Policies - Canada - October 2022.pptxpaul young cpa, cga
Blog – What is next for Monetary Policies – Canada – October 2022
Inflation especially food costs continue to impact global consumers. Countries like Canada have targeted an inflation rate of 2.1%. The current inflation rate is about 6.9%, or about three times the target rate. Canada is schedule to hike payroll taxes and carbon taxes in 2023 - https://www.cbc.ca/news/canada/newfoundland-labrador/ken-mcdonald-carbon-tax-exemption-home-heating-1.6628460
Housing prices continue to fall. Housing affordability continues to be challenge for people around the world - https://www.bnnbloomberg.ca/the-daily-chase-looking-ahead-toward-boc-announcement-canopy-looks-to-grow-u-s-footprint-1.1836958
Slower demand has improved port throughput, but there are still issues with lack of capacity to manage exports and imports. https://www.manilatimes.net/2022/10/26/business/maritime/iaph-takes-steps-to-close-port-gaps/1863673
Canada was seeing slow growth back in 2019. The Liberals policies did little to address issues with innovation, skills, productivity, regulations, and tax reforms. Liberals decided to focus on bigger government! https://www.slideshare.net/paulyoungcga/201-election-canada-and-world-slow-economic-growth-august-2019
BOC and other reserve banks need to think extremely hard about rising of interest rates. The threat of global recession grows each day. BOC would be better off to pause interest rates and look at other areas of policies as part of managing monetary government. The federal government should be focus on drastic policy changes including pausing all new tax hikes including hikes to CPP, EI, and carbon tax. The focus should be on addressing issues with port capacity, promoting more innovation, productivity improvements, skills gap, housing supply, and streamlining of taxation and regulations as it relates to the goods-producing sector.
Both services-producing (+0.6%) and goods-producing (+0.5%) industries were up, as 17 of 20 industrial sectors posted increases in November.
Advance information indicates that real GDP for December was essentially unchanged. Widespread increases led by the manufacturing, agriculture, forestry, fishing and hunting, utilities and wholesale trade sectors were offset by declines in the accommodation and food services, mining, quarrying, and oil and gas extraction and retail trade sectors. This advance information for real GDP by industry indicates a 1.6% uptick in the fourth quarter of 2021 and a rebound of 4.9% in the year following the pandemic-induced decline observed in 2020. Given their preliminary nature, these estimates will be updated on March 1, 2022 with the release of the official GDP data for December and the fourth quarter of 2021.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220201/dq220201a-eng.htm
1. Inflation and Canada – https://www.fool.ca/2022/01/31/holding-onto-tonnes-of-cash-heres-how-much-of-it-that-inflation-would-destroy-in-a-decade/
2. Housing - https://financialpost.com/real-estate/busting-the-myth-of-canadas-million-or-more-vacant-homes
3. Supply chain task force - https://canada.autonews.com/manufacturing/supply-chain-issues-be-tackled-new-federal-task-force
4. Mining - https://miningglobal.com/top10/top-10-countries-based-on-natural-resources
5. Electrical vehicles - https://ipolitics.ca/2022/01/31/lobby-wrap-auto-industry-wants-training-as-ev-sales-rise/
6. Middle class - https://www.usatoday.com/story/money/2022/01/31/lost-factory-jobs-make-harder-move-into-middle-class-report-says/9213089002/?gnt-cfr=1
7. Consumer spending - https://www.hellenicshippingnews.com/weaker-u-s-consumer-spending-rising-inflation-pose-dilemma-for-fed/
8. Commodity prices - https://www.hellenicshippingnews.com/commodity-prices-likely-to-be-hit-by-slowdown-before-end-of-2023/
9. ESG - https://www.reuters.com/business/sustainable-business/euroclear-teams-up-with-fintech-expand-esg-services-2022-01-31/
10. Insurance risk - https://www.insurancebusinessmag.com/us/news/environmental/environmental-insurance--what-are-the-concerns-323760.aspx
11. Geopolitical Risks - https://www.reuters.com/business/rising-geopolitical-tension-demand-send-oil-price-outlook-soaring-2022-01-31/
12. 2022-2023 – Budget - https://globalnews.ca/news/8585003/federal-budget-plan-2022/
What is next for Monetary Policies - Canada - September 2022.pptxpaul young cpa, cga
Blog – What is next for Monetary Policies – Canada – September 2022
Canada has struggled with productivity issues for over 20 years. The liberals have done little address productivity including making changes to tax code related to capital cost allowance, R&D credits, training credits, etc.
Canada lock down strategy and stimulus has led to higher inflation. Liberals never had a plan to pull back on the stimulus through targeted measures that would better support improving supply chain, productivity, skills gap, and innovation
Canadian dollar has hit a two-year low,
Canada housing market was artificially kept high for years. The housing prices continue to fall.
Canada needs to revamp its tax and regulatory policies as part of getting goods out of the ground to market
Summary:
Canada’s economic expansion showed signs of moderation in May and June, pulling back from a strong start to the year in the face of high inflation and rising interest rates.
Output in June was on track for a small increase of 0.1 per cent after stalling in May, Statistics Canada said on Friday. That follows three months of strong growth between February and April that helped fuel a robust expansion in the second quarter, which the agency estimated at about 4.6 per cent annualized.
The results show a picture of an economy that was unscathed from the global slowdown in the first part of the year but may be entering a period of much slower growth.
The Bank of Canada has raised its benchmark policy rate by more than two percentage points since March to slow four-decade high inflation, and is expected to continue hiking by at least another half-percentage point at its next policy decision in September
Source - https://www.bnnbloomberg.ca/canada-s-economy-stalled-in-may-1.1798830
Bank of Canada - What is next for Monetary Policies - June 2022.pptxpaul young cpa, cga
Last month Deputy Governor Gravelle described the bank’s 1% overnight rate as “too stimulative” and the same could be said of today’s 1.5%. Indeed, the policy statement noted that with the economy in excess demand and inflation well above target and still yet to peak, “interest rates will need to rise further.” It finished by saying the bank is “prepared to act more forcefully if needed”—that’s not new language for the BoC but it’s new to the policy statement.
Source - https://ca.rbcwealthmanagement.com/103.branch/blog/3368558-Bank-of-Canada-hikes-interest-rates-another-50-bps-and-isnt-done-yet
What is next for Monetary Policies - Canada - October 2022.pptxpaul young cpa, cga
Blog – What is next for Monetary Policies – Canada – October 2022
Inflation especially food costs continue to impact global consumers. Countries like Canada have targeted an inflation rate of 2.1%. The current inflation rate is about 6.9%, or about three times the target rate. Canada is schedule to hike payroll taxes and carbon taxes in 2023 - https://www.cbc.ca/news/canada/newfoundland-labrador/ken-mcdonald-carbon-tax-exemption-home-heating-1.6628460
Housing prices continue to fall. Housing affordability continues to be challenge for people around the world - https://www.bnnbloomberg.ca/the-daily-chase-looking-ahead-toward-boc-announcement-canopy-looks-to-grow-u-s-footprint-1.1836958
Slower demand has improved port throughput, but there are still issues with lack of capacity to manage exports and imports. https://www.manilatimes.net/2022/10/26/business/maritime/iaph-takes-steps-to-close-port-gaps/1863673
Canada was seeing slow growth back in 2019. The Liberals policies did little to address issues with innovation, skills, productivity, regulations, and tax reforms. Liberals decided to focus on bigger government! https://www.slideshare.net/paulyoungcga/201-election-canada-and-world-slow-economic-growth-august-2019
BOC and other reserve banks need to think extremely hard about rising of interest rates. The threat of global recession grows each day. BOC would be better off to pause interest rates and look at other areas of policies as part of managing monetary government. The federal government should be focus on drastic policy changes including pausing all new tax hikes including hikes to CPP, EI, and carbon tax. The focus should be on addressing issues with port capacity, promoting more innovation, productivity improvements, skills gap, housing supply, and streamlining of taxation and regulations as it relates to the goods-producing sector.
Both services-producing (+0.6%) and goods-producing (+0.5%) industries were up, as 17 of 20 industrial sectors posted increases in November.
Advance information indicates that real GDP for December was essentially unchanged. Widespread increases led by the manufacturing, agriculture, forestry, fishing and hunting, utilities and wholesale trade sectors were offset by declines in the accommodation and food services, mining, quarrying, and oil and gas extraction and retail trade sectors. This advance information for real GDP by industry indicates a 1.6% uptick in the fourth quarter of 2021 and a rebound of 4.9% in the year following the pandemic-induced decline observed in 2020. Given their preliminary nature, these estimates will be updated on March 1, 2022 with the release of the official GDP data for December and the fourth quarter of 2021.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220201/dq220201a-eng.htm
1. Inflation and Canada – https://www.fool.ca/2022/01/31/holding-onto-tonnes-of-cash-heres-how-much-of-it-that-inflation-would-destroy-in-a-decade/
2. Housing - https://financialpost.com/real-estate/busting-the-myth-of-canadas-million-or-more-vacant-homes
3. Supply chain task force - https://canada.autonews.com/manufacturing/supply-chain-issues-be-tackled-new-federal-task-force
4. Mining - https://miningglobal.com/top10/top-10-countries-based-on-natural-resources
5. Electrical vehicles - https://ipolitics.ca/2022/01/31/lobby-wrap-auto-industry-wants-training-as-ev-sales-rise/
6. Middle class - https://www.usatoday.com/story/money/2022/01/31/lost-factory-jobs-make-harder-move-into-middle-class-report-says/9213089002/?gnt-cfr=1
7. Consumer spending - https://www.hellenicshippingnews.com/weaker-u-s-consumer-spending-rising-inflation-pose-dilemma-for-fed/
8. Commodity prices - https://www.hellenicshippingnews.com/commodity-prices-likely-to-be-hit-by-slowdown-before-end-of-2023/
9. ESG - https://www.reuters.com/business/sustainable-business/euroclear-teams-up-with-fintech-expand-esg-services-2022-01-31/
10. Insurance risk - https://www.insurancebusinessmag.com/us/news/environmental/environmental-insurance--what-are-the-concerns-323760.aspx
11. Geopolitical Risks - https://www.reuters.com/business/rising-geopolitical-tension-demand-send-oil-price-outlook-soaring-2022-01-31/
12. 2022-2023 – Budget - https://globalnews.ca/news/8585003/federal-budget-plan-2022/
Fiscal and Economic Scorecard - Canada - January 2022 and February 2022 .pptxpaul young cpa, cga
Blog – How is Canada’s Economy performing for February 2022 and January 2022
Here is my latest report on the health of Canadian economy. Chrystia Freeland continues to say the fundamentals are strong. If Ms. Freeland is referring to debt driven economy, then she is right. There are many challenges facing the Canadian economy:
a) Low productivity
b) Inability to develop natural resources in a sustainable way
c) The new climate change policies that are more about optics than sound policies
d) Food and energy crisis
e) High inflation
f) High household debt
g) Skills gaps and more business automation
h) Issues with attracting FDI
i) Lack of innovation investment within Canada
Blog – Cost of Living and Inflation – Canada – March 2022
Inflation continues to run hot in Canada, with consumer prices rising 6.7 per cent year-over-year in March.
Statistics Canada says that's up from 5.7 per cent in February and the largest gain in the Consumer Price Index (CPI) since 1991.
Higher prices were widespread, rising in all eight major components of the index.
Source - https://ca.finance.yahoo.com/news/canadian-inflation-highest-since-1991-124402017.html
Blog – What is next for the Global Economy – October 2022
The global economy faces many challenges including high inflation and geopolitical risks.
Global debt levels are a deep concern for central banks as interest rates continue to rise
All levels of government need to re-think their progressive agenda. More needs to be done to reign in government spending. More emphasis needs to be on digital government and value for money as it relates to program spending and performance
Closing tax loopholes should be a priority for all levels of government as part bringing in tax fairness
Countries like Canada need to do more to streamline their regulatory process as part of getting goods out of the ground to market.
Farmers need more policy support as part of adopting vertical and expert farming practices. Food security and costs continue to be an issue for governments around the world
Power grid will require trillions of investments as it moves to net zero. Low electricity rates are likely a thing of the past. The capital recovery by electrical power generators will see a rise in rates.
The world needs to find ways to bring peace to world. United Nations needs to do a better job working with countries to resolved political issues with countries.
Fiscal and Economic Scorecard - Canada - February 2022 and March 2022.pptxpaul young cpa, cga
Blog – Scorecard – Fiscal and Economic – Canada – February 2022 and March 2022
Canada inflation rate is the highest since 1991
Nearly 50% of the job vacancies are with jobs that pay less than the average wage
Housing costs continue to be an issue
GDP rebounded strongly in February 2022.
The Federal Government ran a $5B surplus in Feb/22
Do Canadians have trust with Justin Trudeau Government - October 27, 2022.pptxpaul young cpa, cga
Justin Trudeau never discusses how his policies like fuel-added or carbon tax or excessive regulations have on supply chain including costs.
Emergency act was never required. Trudeau wanted the problem to go away as it was damaging his brand.
Canada is headed to a nasty recession that could see an increase in bankruptcies
Do Canadians have trust with Justin Trudeau Government - December 8, 2022.pptxpaul young cpa, cga
Justin Trudeau inherited economy that was growing at 2.3%. Trudeau deficits did little to address issues with innovation, productivity, supply chain resilient, affordable housing, and closing the skills gap. - https://www.slideshare.net/paulyoungcga/how-to-address-competitiveness-for-canada-august-2022pptx
Justin Trudeau has refused to pause his tax hikes despite record breaking inflation. Trudeau policies have hurt many classes of people as well as made Canada less competitive than it was in 2015. The United States is now the #1 jurisdiction for FDI.
Justin Trudeau has done little to address issues with the federalism model Trudeau has created more tension with the provinces by pushing his policies down to provincial level - https://www.slideshare.net/secret/cYR8UmvSodeLZr
Justin Trudeau appears to be on cusp on streamlining regulations for critical metals. The sad thing Trudeau isolation policies have done major damaged to key sectors like agriculture and natural resources - https://www.slideshare.net/secret/gqYiOtNDrWTRUg or https://www.slideshare.net/secret/zN72rrpKFrlis9
United States is seeing revival of their manufacturing sector. Justin Trudeau meanwhile has decided to pick and choose winners and loser in terms who gets direct money from the government - https://www.slideshare.net/secret/vPqAWjO1LQC7iv
Household Spending, Savings and Income (Income Inequality .pptxpaul young cpa, cga
Here is my latest look at household consumption, taxation, and income.
Justin Trudeau is continuing on his social spending plan. The problem is there was a structural deficit pre-covid19.
Preliminary - Cost of Living - Canada - February 2022.pptxpaul young cpa, cga
Housing prices continue to impact the affordability of housing
Raw material costs are up 29.8% Y/Y
Liberals and NDP have done little to address the systemic issues facing supply chain including excessive regulations and increases in taxes like carbon taxes.
The increase came as imports of energy products gained 26.3 per cent for the month helped higher by imports of crude oil and bitumen as both prices and volumes rose. Imports of consumer goods rose 6.5 per cent, while motor vehicles and parts added 9.9 per cent.
Meanwhile, total exports rose 6.3 per cent to a record $63.6 billion in March as higher prices helped exports of energy products gain 12.8 per cent to a record $17.9 billion. Exports of motor vehicles and parts rose 7.9 per cent.
Excluding energy products, exports gained 4.0 per cent in March.
https://economics.bmo.com/en/publications/detail/21fe3df8-4b7e-4686-8766-d42eb0539c69/ and https://www.therecord.com/ts/business/2022/05/04/canada-posts-25b-trade-surplus-for-march-as-imports-and-exports-hit-record-highs.html
The economy grew at an annualized rate of 3.1 per cent in the first quarter, helped by business investment and household spending, Statistics Canada said Tuesday.
The result was down from an annualized rate of 6.6 per cent in the fourth quarter of 2021.
Statistics Canada said the change came as export volumes dropped 2.4 per cent for the quarter, following two consecutive quarterly increases.
Meanwhile, the agency said household spending rose 0.8 per cent in the first quarter, to mark a third consecutive quarterly increase.
Spending on durable goods gained 2.6 per cent in the first quarter, helped by a 16.1 per cent increase in spending on new passenger cars and a 3.5 per cent gain for new trucks, vans and sport utility vehicles.
Source - https://ca.finance.yahoo.com/news/statistics-canada-release-gdp-figures-080000031.html
Canada's economy gained a net 39,800 jobs in May, entirely in full-time work, Statistics Canada said on Friday. The jobless rate edged down to 5.1%, a new record low.
Employment in the goods producing sector fell by a net 41,200 jobs, mostly in manufacturing. The services sector grew by a net 80,900 positions, mostly in wholesale and retail trade, as well as educational services.
Source - https://ca.finance.yahoo.com/news/instant-view-canada-gains-39-125410600.html
Summary:
In August, Canada's merchandise exports decreased 2.9%, largely due to lower exports of energy products. Imports fell 1.7%, mainly on decreased imports of motor vehicles and parts. As a result, Canada's merchandise trade surplus with the world narrowed from $2.4 billion in July to $1.5 billion in August. This is the lowest monthly trade surplus observed to date in 2022.
Exports to countries other than the United States fell 4.3% in August. Exports to Hong Kong (gold), South Korea (coal and crude oil), the United Kingdom (crude oil and gold) and Japan (wheat, canola and copper) posted the largest declines.
Meanwhile, imports from countries other than the United States rose 1.1% in August. Higher imports from China (various products) and Belgium (pharmaceuticals) were partially offset by the decrease in imports from South Korea (light trucks and passenger cars).
The merchandise trade deficit with countries other than the United States widened from $8.3 billion in July to $9.2 billion in August.
Key facts:
a) Nearly $14B of the surplus is related to energy.
b) Canada continues to face challenges with near shoring of manufacturing
c) Canada needs to streamline regulations as part of getting goods out of the ground to market
d) Canada lacks ports and rail capacity to ship record levels of grains.
Source: https://www150.statcan.gc.ca/n1/daily-quotidien/221005/dq221005a-eng.htm
Canada needs to development Natural Resources and Agricultural Strategypaul young cpa, cga
Natural resources and Agriculture play a key role in terms of economic wealth and supply chain management. It is important for all levels of government to work together as part of developing effective strategy that will maximize the development of both natural resources and the agriculture sector.
Fiscal and Economic Scorecard - Canada - January 2022 and February 2022 .pptxpaul young cpa, cga
Blog – How is Canada’s Economy performing for February 2022 and January 2022
Here is my latest report on the health of Canadian economy. Chrystia Freeland continues to say the fundamentals are strong. If Ms. Freeland is referring to debt driven economy, then she is right. There are many challenges facing the Canadian economy:
a) Low productivity
b) Inability to develop natural resources in a sustainable way
c) The new climate change policies that are more about optics than sound policies
d) Food and energy crisis
e) High inflation
f) High household debt
g) Skills gaps and more business automation
h) Issues with attracting FDI
i) Lack of innovation investment within Canada
Blog – Cost of Living and Inflation – Canada – March 2022
Inflation continues to run hot in Canada, with consumer prices rising 6.7 per cent year-over-year in March.
Statistics Canada says that's up from 5.7 per cent in February and the largest gain in the Consumer Price Index (CPI) since 1991.
Higher prices were widespread, rising in all eight major components of the index.
Source - https://ca.finance.yahoo.com/news/canadian-inflation-highest-since-1991-124402017.html
Blog – What is next for the Global Economy – October 2022
The global economy faces many challenges including high inflation and geopolitical risks.
Global debt levels are a deep concern for central banks as interest rates continue to rise
All levels of government need to re-think their progressive agenda. More needs to be done to reign in government spending. More emphasis needs to be on digital government and value for money as it relates to program spending and performance
Closing tax loopholes should be a priority for all levels of government as part bringing in tax fairness
Countries like Canada need to do more to streamline their regulatory process as part of getting goods out of the ground to market.
Farmers need more policy support as part of adopting vertical and expert farming practices. Food security and costs continue to be an issue for governments around the world
Power grid will require trillions of investments as it moves to net zero. Low electricity rates are likely a thing of the past. The capital recovery by electrical power generators will see a rise in rates.
The world needs to find ways to bring peace to world. United Nations needs to do a better job working with countries to resolved political issues with countries.
Fiscal and Economic Scorecard - Canada - February 2022 and March 2022.pptxpaul young cpa, cga
Blog – Scorecard – Fiscal and Economic – Canada – February 2022 and March 2022
Canada inflation rate is the highest since 1991
Nearly 50% of the job vacancies are with jobs that pay less than the average wage
Housing costs continue to be an issue
GDP rebounded strongly in February 2022.
The Federal Government ran a $5B surplus in Feb/22
Do Canadians have trust with Justin Trudeau Government - October 27, 2022.pptxpaul young cpa, cga
Justin Trudeau never discusses how his policies like fuel-added or carbon tax or excessive regulations have on supply chain including costs.
Emergency act was never required. Trudeau wanted the problem to go away as it was damaging his brand.
Canada is headed to a nasty recession that could see an increase in bankruptcies
Do Canadians have trust with Justin Trudeau Government - December 8, 2022.pptxpaul young cpa, cga
Justin Trudeau inherited economy that was growing at 2.3%. Trudeau deficits did little to address issues with innovation, productivity, supply chain resilient, affordable housing, and closing the skills gap. - https://www.slideshare.net/paulyoungcga/how-to-address-competitiveness-for-canada-august-2022pptx
Justin Trudeau has refused to pause his tax hikes despite record breaking inflation. Trudeau policies have hurt many classes of people as well as made Canada less competitive than it was in 2015. The United States is now the #1 jurisdiction for FDI.
Justin Trudeau has done little to address issues with the federalism model Trudeau has created more tension with the provinces by pushing his policies down to provincial level - https://www.slideshare.net/secret/cYR8UmvSodeLZr
Justin Trudeau appears to be on cusp on streamlining regulations for critical metals. The sad thing Trudeau isolation policies have done major damaged to key sectors like agriculture and natural resources - https://www.slideshare.net/secret/gqYiOtNDrWTRUg or https://www.slideshare.net/secret/zN72rrpKFrlis9
United States is seeing revival of their manufacturing sector. Justin Trudeau meanwhile has decided to pick and choose winners and loser in terms who gets direct money from the government - https://www.slideshare.net/secret/vPqAWjO1LQC7iv
Household Spending, Savings and Income (Income Inequality .pptxpaul young cpa, cga
Here is my latest look at household consumption, taxation, and income.
Justin Trudeau is continuing on his social spending plan. The problem is there was a structural deficit pre-covid19.
Preliminary - Cost of Living - Canada - February 2022.pptxpaul young cpa, cga
Housing prices continue to impact the affordability of housing
Raw material costs are up 29.8% Y/Y
Liberals and NDP have done little to address the systemic issues facing supply chain including excessive regulations and increases in taxes like carbon taxes.
The increase came as imports of energy products gained 26.3 per cent for the month helped higher by imports of crude oil and bitumen as both prices and volumes rose. Imports of consumer goods rose 6.5 per cent, while motor vehicles and parts added 9.9 per cent.
Meanwhile, total exports rose 6.3 per cent to a record $63.6 billion in March as higher prices helped exports of energy products gain 12.8 per cent to a record $17.9 billion. Exports of motor vehicles and parts rose 7.9 per cent.
Excluding energy products, exports gained 4.0 per cent in March.
https://economics.bmo.com/en/publications/detail/21fe3df8-4b7e-4686-8766-d42eb0539c69/ and https://www.therecord.com/ts/business/2022/05/04/canada-posts-25b-trade-surplus-for-march-as-imports-and-exports-hit-record-highs.html
The economy grew at an annualized rate of 3.1 per cent in the first quarter, helped by business investment and household spending, Statistics Canada said Tuesday.
The result was down from an annualized rate of 6.6 per cent in the fourth quarter of 2021.
Statistics Canada said the change came as export volumes dropped 2.4 per cent for the quarter, following two consecutive quarterly increases.
Meanwhile, the agency said household spending rose 0.8 per cent in the first quarter, to mark a third consecutive quarterly increase.
Spending on durable goods gained 2.6 per cent in the first quarter, helped by a 16.1 per cent increase in spending on new passenger cars and a 3.5 per cent gain for new trucks, vans and sport utility vehicles.
Source - https://ca.finance.yahoo.com/news/statistics-canada-release-gdp-figures-080000031.html
Canada's economy gained a net 39,800 jobs in May, entirely in full-time work, Statistics Canada said on Friday. The jobless rate edged down to 5.1%, a new record low.
Employment in the goods producing sector fell by a net 41,200 jobs, mostly in manufacturing. The services sector grew by a net 80,900 positions, mostly in wholesale and retail trade, as well as educational services.
Source - https://ca.finance.yahoo.com/news/instant-view-canada-gains-39-125410600.html
Summary:
In August, Canada's merchandise exports decreased 2.9%, largely due to lower exports of energy products. Imports fell 1.7%, mainly on decreased imports of motor vehicles and parts. As a result, Canada's merchandise trade surplus with the world narrowed from $2.4 billion in July to $1.5 billion in August. This is the lowest monthly trade surplus observed to date in 2022.
Exports to countries other than the United States fell 4.3% in August. Exports to Hong Kong (gold), South Korea (coal and crude oil), the United Kingdom (crude oil and gold) and Japan (wheat, canola and copper) posted the largest declines.
Meanwhile, imports from countries other than the United States rose 1.1% in August. Higher imports from China (various products) and Belgium (pharmaceuticals) were partially offset by the decrease in imports from South Korea (light trucks and passenger cars).
The merchandise trade deficit with countries other than the United States widened from $8.3 billion in July to $9.2 billion in August.
Key facts:
a) Nearly $14B of the surplus is related to energy.
b) Canada continues to face challenges with near shoring of manufacturing
c) Canada needs to streamline regulations as part of getting goods out of the ground to market
d) Canada lacks ports and rail capacity to ship record levels of grains.
Source: https://www150.statcan.gc.ca/n1/daily-quotidien/221005/dq221005a-eng.htm
Canada needs to development Natural Resources and Agricultural Strategypaul young cpa, cga
Natural resources and Agriculture play a key role in terms of economic wealth and supply chain management. It is important for all levels of government to work together as part of developing effective strategy that will maximize the development of both natural resources and the agriculture sector.
Similar to Bank of Canada - What is next for Monetary Policies - April 2022 (Revised March Inflation).pptx (20)
Global Housing Market Analysis and Commentary- September 2023.pptxpaul young cpa, cga
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptxpaul young cpa, cga
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
Electricity Analysis - Canada and the OECD - June 2023.pptxpaul young cpa, cga
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Stock Market Analysis and Commentary for WE September 9 2023.pptxpaul young cpa, cga
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...paul young cpa, cga
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptxpaul young cpa, cga
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
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how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
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If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
2. 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 – 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
• What is monetary policies?
• GDP Growth
• Canada and Inflation
• Canada and Producer Price
• Housing
• Cost of Living
• Household Debt
• GDP
• Fiscal Management
• Innovation
• Productivity and Competitiveness
4. WHAT IS MONETARY POLICY
Source - https://www.investopedia.com/terms/m/monetarypolicy.asp
5. 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
6. GDP GROWTH
Forecast_BNS_202214
04.pdf
This gives you a good look at how @cafreeland deficits
did nothing for GDP growth. One can make the argument
is Trudeau's policies handcuff the goods-producing sector!
16 https://www.slideshare.net/paulyoungcga/2016-
november-2016-gdp-gross-domestic-product-canada
18 https://www.slideshare.net/paulyoungcga/gdp-canada-
the-real-truth
Jan/22 - https://www.slideshare.net/paulyoungcga/gdp-
analysis-and-commentary-canada-january-2022pptx
8. BMO – CONSUMER PRICE INDEX
Source -
https://economics.bmo.com/en/publications/detail/
2cb89f8c-5f2c-4cd1-b642-550ea67076e2/
Source – BMO - https://economics.bmo.com/en/publications/detail/f3043170-c659-40f3-
b37f-14ca75272422/
U.S. CPI More To The
Core.pdf
Canadian Inflation
Six-point-Seven Degrees of Separation.pdf
13. INDUSTRIAL PRODUCE PRICE INDEX
Producer Price Index
and Raw Material - February 2022 - Canada.pdf
Canada Producer
Prices Climb 3.1% in February From January - MarketWatch.pdf
Record numbers of
UK manufacturers raise prices as Ukraine war hits costs Manufacturing sector The Guardian.pdf
NAHB calls for
ending lumber tariffs, boosting output at White House Event.pdf
Fertilizer Prices Break
New Records-- in Conjunction with Elevated Commodity Prices, Stir Food Security Concerns • Farm Po
Quebec Ink As war
and autocracy threaten critical mineral supplies, Quebec stands to benefit - The
Let us not replace
one dependence with another – EURACTIV.com.pdf
German LNG
Terminal’s Developers Seek Fast Track to Cut Russian Gas Reliance - BNN Bloomberg.pdf
Soaring Costs For
Farmers Puts Upward Pressure On Inflation.pdf
What's going on with
the nickel market - Marketplace.pdf
Why higher steel
prices don’t help the bottomline.pdf
Summary:
Brief: Canada's February Industrial Product
Price Index Up 3.1% M/M, Gains 16.4% Y/Y;
Raw Materials Price Index Adds 6.0% M/M,
Climbs 29.8% Y/Y
Source - https://www.marketscreener.com/news/latest/Brief-Canada-s-February-Industrial-Product-
Price-Index-Up-3-1-M-M-Gains-16-4-Y-Y-Raw-Materials--39826589/
1. Raw Materials - https://www.marketwatch.com/story/canada-producer-prices-climb-3-1-in-
february-from-january-271647953013
2. Price Increases - https://www.theguardian.com/business/2022/mar/22/uk-manufacturers-
prices-ukraine-war-cbi-rishi-sunak-spring-statement
3. Tariffs 0 https://lbmjournal.com/nahb-calls-for-ending-lumber-tariffs-boosting-output-at-white-
house-event/
4. Fertilizer - https://farmpolicynews.illinois.edu/2022/03/fertilizer-prices-break-new-records-in-
conjunction-with-elevated-commodity-prices-stir-food-security-concerns/
5. Critical metals - https://thelogic.co/news/quebec-ink/quebec-ink-as-war-and-autocracy-
threaten-critical-mineral-supplies-quebec-stands-to-benefit/
6. Critical metals - https://www.euractiv.com/section/circular-economy/opinion/let-us-not-
replace-one-dependence-with-another/
7. LNG - https://www.bnnbloomberg.ca/german-lng-terminal-s-developers-seek-fast-track-to-cut-
russian-gas-reliance-1.1740797
8. Farming costs - https://www.barchart.com/story/news/7677243/soaring-costs-for-farmers-
puts-upward-pressure-on-inflation
9. Stainless - https://www.marketplace.org/2022/03/21/the-nickel-market-has-gone-bonkers/
10. Steel - https://www.livemint.com/market/mark-to-market/raw-material-cost-rise-blunts-steel-
price-hike-11647890714317.html
14. AVERAGE HOUSING PRICE INCLUDING KEY
CITIES
https://twitter.com/TomPark1n/status/1516820865664667657
@TomPark1n
This explains why REIT are not touch!
This does not explain the high cost of land, raw material, lack of 3D
adoption, lack of rural vs urban strategy, and other systemic issues
with housing!
https://www.slideshare.net/paulyoungcga/housing-and-
homelessness-canada-and-the-world-march-2022-revisedpptx
MPs with Rental Properties
18. INNOVATION
Summary:
Justin Trudeau told the world in 2015 that Canada should be know for its resourcefulness not its resources -
https://www.macleans.ca/news/canada/what-justin-trudeau-plans-to-tell-davos/
Trudeau and his government focus has been setting up more and more agencies to manage innovation funds. Many of
these agencies have liberal running them - https://financialpost.com/technology/liberals-supercluster-program-falling-
short-of-promised-jobs-economic-growth and https://www.slideshare.net/paulyoungcga/policy-review-innovation-
and-scientific-research-rd-canada
The goods-producing sector since Trudeau took office or about 6% of all the net new jobs.
https://torontosun.com/opinion/columnists/gunter-the-public-sector-fared-very-well-during-lockdown or
https://www.slideshare.net/paulyoungcga/employment-and-labour-market-canada-january-2022
I have also been saying for years that all colleges and universities should be innovation. The role of government is support
innovation through proper policies and not throw money at the symptoms!
19. PRODUCTIVITY
Did article did not age well - https://www.cbc.ca/news/politics/canada-election-2015-liberals-infrastructure-
deficits-1.3205535
Our economy needs investment to create growth," he said. "Our plan features three years of historic
investment in the Canadian economy. That growth will eliminate the Harper deficit and we will balance the
budget in 2019," This never happen under @JustinTrudeau
Yet Productivity has not improved - https://financialpost.com/opinion/opinion-bigger-post-covid-government-
may-mean-slower-productivity-growth-and-lower-incomes
Broken Promises - https://thetyee.ca/Opinion/2015/09/15/Liberals-Broken-Promises/
Records - https://www.progressive-economics.ca/2015/10/fiscal-and-economic-record-of-political-parties/
Here is my work on productivity - https://www.slideshare.net/paulyoungcga/how-to-improve-canada-global-
competitiveness-250054392
20. DID JUSTIN TRUDEAU HAVE THE
ANSWERS FOR GDP
• Justin Trudeau took an economy growing at 2.3% (Post-2009 recession to annual growth on average of 2.1%.
Trudeau seen GDP go from 3.0 in 2017 to 1.6 in 2019.
• Trudeau deficits did little to address systemic issues with the economy, i.e., productivity, building a resilient
supply chain, reducing gridlock, addressing issues with household debt.
• BOC buying government bonds - https://www.bnnbloomberg.ca/bank-of-canada-already-pushing-limits-of-
domestic-bond-market-1.1513097
• Canada economy - Blog – GDP – Canada by Industry – May 2021 -
https://www.slideshare.net/paulyoungcga/gdp-canada-naics-may-2021
• Canada economy – 2019 - https://www.slideshare.net/paulyoungcga/2019-election-world-economy-slow-
growth-canada-july-2019
• Trudeaunomics continues to be a failure - https://www.slideshare.net/paulyoungcga/has-trudeuaomics-been-
successful-for-canadians
• GDP – 2021 Despite all the deficits the economy continues to face major headways for the rest of 2021. It
goes to show Canadians that economies do not grow from the heart as @JustinTrudeau predicted a few
years ago! https://www.slideshare.net/paulyoungcga/gdp-canada-analysis-and-commentary-june-2021
21. TRUDEAU (TRADE AND EMPLOYMENT
VS. INFLATION AND BUDGET BALANCES
Trudeau deficits led to nothing but higher taxes and
anemic growth
Trudeau did little to help the middle class
Trudeau policies towards the natural resource sector led
to less FDI as compared to its peers like Australia
Trudeau’s carbon tax has not been revenue neutral
Trudeau critical metal strategy is relying on innovation
that does not current exist when it comes to sourcing
lithium from tailing ponds and/or other sources.
Trudeau’s ministers claim the PBO report did not look at
all angle is incorrect. Canadians are looking at ways to
deal with high inflation including curbing consumer
spending
Trudeau never mentioned the fact that Canadians have
the highest household debt ever in the history of
Canada.
https://www.slideshare.net/paulyoungcga/failure-of-
trudeaunomics-april-2022pptx
22. GOVERNMENT AND MONETARY
POLICIES
• The government needs to grasp the BOC policies as part of any fiscal management cycle. Trudeau has since
day one increase the budget deficit without addressing key areas impacting supply chain and the
affordability of housing. Trudeau carbon tax had an impact on inflation.
https://www.investopedia.com/ask/answers/100314/whats-difference-between-monetary-policy-and-fiscal-
policy.asp
• Inflation is now at 3.7% which is a concern of the BOC - https://www.bankofcanada.ca/2016/10/renewal-of-
the-inflation-control-target-2016/
23. BOC – INFLATION AND HOUSING
BUBBLE
Tiff Macklem faced some tough questioning yesterday, as members of the
U.S. Council on Foreign Relations grilled the Bank of Canada governor on
whether their northern neighbour would have a trouble-free exit from the
downturn of the COVID-19 pandemic.
Led by financier and former Democratic politician Roger Altman, members of
the U.S. think-tank asked probing questions on whether Canada's housing
bubble would have any spillover effects on the global economy, as well as
on jobs, inflation, commodity pricing and the difficulty of moving from a low
interest rate regime to one without monetary stimulus.
To Canadians who have heard Macklem's views in the past, the answers
were in some ways less revealing than the questions. But among the new
things he did pass on were fears that inflation could well turn out to be more
long-lasting than expected and jobs recovery could be slower.
https://www.cbc.ca/news/business/boc-us-
concerns-column-don-pittis-
1.6203452?__vfz=medium%3Dsharebar
I am very concerned about these kinds of
messaging from BOC. There are structural issues
facing the economy like low productivity, high
taxes, excessive regulations, and
inefficient/ineffective government.
https://www.slideshare.net/paulyoungcga/what-is-
the-path-forward-for-canada-october-2021
24. FISCAL MANAGEMENT
Source - https://www.theglobeandmail.com/politics/article-
michael-sabia-was-greeted-as-a-game-changer-as-canadas-
deputy-
finance/?utm_medium=Referrer:+Social+Network+/+Media&ut
m_campaign=Shared+Web+Article+Links
• YTD Nov/15 there was 1B surplus (per the fiscal
monitor) that was turned into 987M deficit within a
few months of Justin Trudeau leadership
• Trudeau has spent well over $6B (3B in 2020) on
consultants -
https://nationalpost.com/news/politics/costs-for-
consultants-hired-by-government-rise-by-6-billion-
under-liberals
• Trudeau GDP growth went from 3% in to 2017 to
1.4% in 2019. The economy had been sluggish two
years prior to COVID19 -
https://www.slideshare.net/paulyoungcga/slow-
economic-growth-canada-march-2020
• Trudeau spending grew faster than revenues despite
strong revenues -
https://www.slideshare.net/paulyoungcga/fiscal-
management-public-sector-canada-250734309
25. FISCAL MANAGEMENT CYCLE
• Trudeau has spent billions on consultants
• Trudeau refuses to release his economic impact study on the carbon tax
• Australia has done a better job of getting goods out of the ground to
market
• Trudeau’s policies never addressed issues with productivity and
innovation.
• Trudeau increased taxes to the middle class
• Trudeau policies have done little to support FDI
• Pre-COVID19 Deficits were between 12B to $15B and yet growth was
less than the average post 2009 recession
• Trudeau continues to ignore AG, PBO, ethics, and other reports
• Trudeau took $1B surplus YTD Nov/15 to 987M deficit in four months.
Trudeau was never about value for money including improving
outcomes.
Source - https://www.slideshare.net/paulyoungcga/failure-of-
trudeaunomics-january-2022
26. SUMMARY
• I have always supported balance policies between protecting the environment while growing the economy in a sustainable way.
• I also support social welfare as long as those payments are targeted at those that need the support.
• Bank of Canada has renewed the 2% interest rate target. The problem is that there are structural issues with the economy that need
to be address if inflation can be brought down to the 2% range from 4.7% range.
• Housing needs concrete solutions including new urban planning strategy, adoption of 3D housing and other innovations as part
delivering affordable housing solutions.
• All levels of government need to work together to address issues with productivity, innovation, and skills gap
• All levels of government need to revisit their fiscal management cycle to ensure assets are safeguarding and program spending is
delivered with value for money,
• All levels of government need to undertake compensation and tax reforms as part of better managing both their costs and taxation
base.
Blog – Monetary Policies – Canada and the World
High inflation It's a
global story too Morning Brief.pdf
Calgary ranks as the
10th most affordable housing market in the world Urbanized.pdf
Waiting 3 months to
buy a home can cost you 20% more in the current market Fortune.pdf
Higher rates will cost
Canadians billions in government debt interest Financial Post.pdf
A prolonged China
slowdown raises risks for global economy, IMF chief says Reuters.pdf
Canada Budget Lifts
Spending, Debt Consistent With Rating.pdf
Recession risks take
centre stage – Capital Economics.pdf
The cost of the
zero-Covid policy for China and the world.pdf
Shipping Stocks Are
Exploding Amid A Commodity Supercycle OilPrice.com.pdf
Musk Appeals for
More Lithium Production to Meet Battery Demand.pdf
Is reshoring the
answer to bottling supply headaches - TechHQ.pdf
The Challenge Of
Getting Those Supply Chains Closer To Home Mint.pdf
Canada inflation rate hit nearly 7% for March 2022. Canada has one of the highest inflation rates in the
G7.
Higher interest rates mean less cash for retail sales
Government continues to push their green agenda driving more green inflation
1. Global Inflation - https://finance.yahoo.com/news/high-inflation-its-a-global-story-too-morning-
brief-100420511.html
2. Housing costs - https://dailyhive.com/calgary/calgary-most-affordable-housing-market-globally
3. Housing costs - https://fortune.com/2022/04/20/housing-market-20-percent-more-three-
months-zillow-projection/
4. Debt - https://financialpost.com/opinion/opinion-higher-rates-will-cost-canadians-billions-in-
government-debt-interest
5. GDP / China - https://www.reuters.com/world/china/imf-chief-warns-risks-prolonged-china-
slowdown-2022-04-21/
6. Deficit and Debt - https://www.fitchratings.com/research/sovereigns/canada-budget-lifts-
spending-debt-consistent-with-rating-20-04-2022
7. Recession - https://www.capitaleconomics.com/publications/emerging-europe-
economics/emerging-europe-economic-outlook/recession-risks-take-centre-stage/
8. Zero / COVID
https://www.allianz.com/en/economic_research/publications/specials_fmo/2022_4_20_China_
zero-Covid.html
9. Shipping and commodities - https://oilprice.com/Energy/Energy-General/Shipping-Stocks-Are-
Exploding-Amid-A-Commodity-Supercycle.html
10. Lithium - https://finance.yahoo.com/news/musk-appeals-more-lithium-production-
231024234.html
11. Supply Chain - https://techhq.com/2022/04/reshoring-the-answer-to-bottling-supply-
headaches-imf-says-no/ and https://www.livemint.com/opinion/columns/the-challenge-of-
getting-those-supply-chains-closer-to-home-11650471916307.html
12.
https://economics.bmo.com/en/publications/detail/368a0261-1e2a-4fcc-bd9b-9ae4e513b13c/ and https://economics.bmo.com/en/publications/detail/84b2f0d5-b1b7-421e-9b91-cd52dfb0d0c5/
https://economics.bmo.com/en/publications/detail/368a0261-1e2a-4fcc-bd9b-9ae4e513b13c/ and https://economics.bmo.com/en/publications/detail/84b2f0d5-b1b7-421e-9b91-cd52dfb0d0c5/
Source - https://www.cbc.ca/news/business/house-prices-numbers-july-1.5689129 or https://twitter.com/TomPark1n/status/1516820865664667657
@TomPark1n
This explains why REIT are not touch!
This does not explain the high cost of land, raw material, lack of 3D adoption, lack of rural vs urban strategy, and other systemic issues with housing!
https://www.slideshare.net/paulyoungcga/housing-and-homelessness-canada-and-the-world-march-2022-revisedpptx
https://crhttps://www.cbc.ca/news/business/crea-november-sales-1.5841749eastats.crea.ca/en-CA/ or https://www.cbc.ca/news/business/crea-november-sales-1.5841749