Blog – Canada – Economic Scorecard for October 2021 and September 2021
a) GDP grew at 5.3% annual pace in the 3Q21 - https://www.bnnbloomberg.ca/statistics-canada-says-gdp-grew-at-5-4-annual-rate-in-q3-1.1688906
b) Wages expected to rise by 2.7% in 2022 - https://www.benefitscanada.com/news/bencan/survey-says-wages-set-to-rise-2-7-in-2022-as-inflation-hits-new-high/
c) Food bank - https://www.theglobeandmail.com/canada/article-nearly-600000-people-accessed-ontario-food-banks-last-year-report-2/
d) Micro housing promoted by CMHC - https://www.theglobeandmail.com/canada/article-nearly-600000-people-accessed-ontario-food-banks-last-year-report-2/
e) Food costs - https://www.marketscreener.com/news/latest/Food-commodity-markets-Stable-with-considerable-upside-price-risks--37157673/
f) Fertilizer - https://theeagle.com/landandlivestockpost/fertilizer-prices-continue-record-climb/article_50b1886e-432b-11ec-b19f-bfb24750ac08.html
g) Commodities - https://www.bloomberg.com/markets/commodities
h) GDP growth has been led by government spending and housing. The goods-producing sector continues to struggle with growth. Real gross domestic product (GDP) edged up 0.1% in September, as declines largely concentrated in manufacturing, construction and retail trade were more than offset by broad-based expansions in services-producing industries as well as in mining, quarrying and oil and gas extraction. https://www150.statcan.gc.ca/n1/daily-quotidien/211130/dq211130b-eng.htm
i) TSX - https://www.reuters.com/markets/europe/tsx-opens-higher-energy-stocks-jump-stronger-crude-2021-11-29/
Summary:
Retail sales were up 2.1% to $57.2 billion in August, led by higher sales at food and beverage stores (+4.8%), gasoline stations (+3.8%), and clothing and clothing accessories stores (+3.9%).
Sales increased in 9 of 11 subsectors, representing 94.6% of retail trade.
Core retail sales—which exclude gasoline stations and motor vehicle and parts dealers—were up 2.7%.
In volume terms, retail sales increased 1.4% in August.
https://www150.statcan.gc.ca/n1/daily-quotidien/211022/dq211022a-eng.htm https://economics.bmo.com/en/publications/detail/966f8e75-adb4-492b-8c14-924733071bb7/
1. Food costs - https://o.canada.com/news/local-news/lower-income-families-most-likely-to-be-pinched-by-rising-food-prices-supply-chain-problems
2. Rising oil and gas prices - https://www.fraserinstitute.org/article/rising-oil-prices-wont-solve-canadas-oil-and-gas-problems
3. Rise of propane costs - https://granthshala.com/skyrocketing-propane-prices-could-mean-trouble-for-some-canadians-this-winter/
4. Inflation has hit a 20-year high - https://dailyhive.com/vancouver/canada-inflation-highest-decades-2021
5. Supply chain - https://ca.sports.yahoo.com/news/sector-grows-manufacturing-dented-supply-091509523.html?src=rss
6. Global inflation - https://ca.news.yahoo.com/absolutely-concern-around-the-globe-over-inflation-accenture-ceo-144813190.html
7. Jobs and climate change - https://www.nationalobserver.com/2021/10/21/news/more-880000-canadian-jobs-vulnerable-global-clean-energy-transition
8. Rent and Wage - https://retail-insider.com/retail-insider/2021/10/cfib/
9. Pandemic - https://thecanadian.news/2021/10/21/how-to-lead-the-retail-trade-in-pandemic/
10. Retail innovation - https://retailtechinnovationhub.com/home/2021/10/22/five-retail-technology-trends-from-digital-fitting-rooms-to-sustainable-shopping
I support the need to look at better ways to support childcare including providing parents with different options. The PQ model is far from effective due to its wait list. More thoughts need to go into how best to allocate precious money to childcare including more oversight.
1. Daycare costs - https://www.mother.ly/life/news/news-trending/the-decade-that-made-childcare-unaffordable
2. Child Benefit program needs a review as it is costing over $7B per year and not achieving the results claim by the government - https://www.fraserinstitute.org/studies/does-the-canada-child-benefit-actually-reduce-child-poverty
3. Government is not addressing issues with energy poverty. Energy poverty is leading to decisions made by families in terms of their household budget - https://www.sciencedirect.com/science/article/abs/pii/S2214629621003303
4. There are job quality and employment issues facing Canadians across Canada - https://financialpost.com/news/economy/canadas-unemployment-is-high-but-the-number-of-people-quitting-jobs-is-also-rising-whats-going-on
5. Size of government is also becoming a problem when it comes to delivering of program spending with value for money - https://www.bostonglobe.com/2021/10/05/business/big-tech-is-major-problem-big-government-might-make-it-worse/
6. Childcare costs - https://www.nytimes.com/2021/10/06/upshot/child-care-biden.html
7. Carbon taxation - https://www.baytoday.ca/local-news/bill-to-stop-the-spikes-in-gas-prices-ignored-by-the-government-says-ndp-4491479
8. Inflation - https://www.reuters.com/business/imf-sees-global-gdp-2021-slightly-below-prior-forecast-6-2021-10-05/
9. Childcare workers on average make less than the average wage - https://ca.talent.com/salary?job=child+development Canadians need to make at least 50-60K to live a decent life in Canada - https://www.slideshare.net/paulyoungcga/what-is-happening-with-wages-in-canada
10. Canada and other countries need to focus on policies that support economic growth. Strong economies help better support social programs and wages - https://www.slideshare.net/paulyoungcga/canada-economic-and-fiscal-scorecard-august-2021-and-july-2021
Blog - Forestry and Sawmill Production – Canada and the World
Lumber prices have decline but are still very high
There seems to be inconsistent policies when it comes to management of forests around the globe
The world is slow in adopting 3D housing
1. Softwood Lumber - https://www.woodworkingnetwork.com/news/woodworking-industry-news/reduced-tariffs-draws-applause
2. Prices - https://www.barchart.com/story/news/7200218/lumber-up-and-down-and-all-around
3. 3D housing - https://www.mentalfloss.com/article/535220/these-10000-concrete-homes-are-3d-printed-less-24-hours
4. Deforestation - https://www.sustainability-times.com/environmental-protection/the-great-amazon-land-grab-brazils-government-is-turning-public-land-private-driving-deforestation/
5. Wetlands - https://www.nature.com/articles/d41586-020-00098-1
6. Housing affordability - https://saportareport.com/understanding-the-housing-affordability-problem/columnists/david/
7. Urban planning - https://www.weforum.org/agenda/2022/02/innovative-global-cities-talent-property/
8. 3D housing - https://www.probuilder.com/3d-printed-technology-offers-solution-affordable-housing
9. Mortgage rates - https://ca.finance.yahoo.com/news/lumber-prices-crash-30-mortgage-120647926.html
10. Household debt - https://www.teamblind.com/post/21t-national-debt-15-trillion-household-debt-in-usa-and-21-trillion-in-annual-gdp--are-we-doomed-rtZ0Dj5Q
11. Housing bubble - https://betterdwelling.com/
12. Insurance - https://ca.news.yahoo.com/extreme-weather-rising-insurance-rates-160054947.html
13. Heating costs - https://carolinapublicpress.org/51169/heating-costs-and-power-grid-stability-create-concerns-in-cold-temperatures/
How to Mitigate the threats of Climate Change - November 2021paul young cpa, cga
Blog – How to mitigate the impact of Climate Change
Weather over the years has played havoc to infrastructure related to both public and private sector. More needs to be done as part of mitigating the impact from weather.
1. Emissions - https://financialpost.com/commodities/energy/oil-gas/mark-carney-says-carbon-offsets-must-be-limited-to-residual-emissions
2. Diet - https://ca.news.yahoo.com/mens-meaty-diets-lead-to-40-more-carbon-emissions-than-women-163542976.html
3. Rail - https://newscenter.lbl.gov/2021/11/23/big-batteries-on-wheels-can-deliver-zero-emissions-rail-while-securing-the-grid/
4. Emissions - https://finance.yahoo.com/news/opinion-guest-view-states-must-210012259.html
5. Cement - https://www.architectmagazine.com/technology/post-cop26-how-green-can-we-make-concrete_o
6. Hydrogen - https://www.metaltechnews.com/story/2021/11/24/tech-bytes/french-hydrogen-for-cement-steelmaking/777.html
7. Electrical vehicles - https://www.deccanherald.com/science-and-environment/electric-cars-arent-enough-to-hit-climate-targets-1053979.html
8. Land - https://www.careourearth.com/the-list-of-countries-ranked-by-co2-emissions-per-square-kilometer/
9. Flood mitigation – https://globalnews.ca/news/8397330/bc-flood-warnings-ignored/
10. Smart cities - https://www.smartcitiesdive.com/news/smart-cities-grapple-with-equity-issues-heightened-by-the-pandemic/610372/
11. Urban Planning - https://www.smartcitiesdive.com/news/are-digital-twins-the-future-of-urban-planning/609232/
12. Urban Planning - https://www2.deloitte.com/xe/en/insights/industry/public-sector/future-of-cities.html
13. Food - https://dailynewsegypt.com/2021/11/23/food-security-should-be-at-heart-of-climate-change-mitigation-environment-minister/
Summary:
Farm incomes continue to be strong.
AG equipment sales had a banner year in 2021.
More and more farmers will continue to adopt expert farming and sustainable practices when it comes to managing their crop yields.
Agriculture subsidies continue to be a focus area as countries look to expand their AG exports.
1. Crop yields – http://geographical.co.uk/people/development/item/4253-adapt-to-survive
2. Crop insurance and Expert farming - https://www.agri-pulse.com/articles/16975-direct-checks-expected-to-ignite-cover-crop-surge-crop-insurance-may-play-role-too
3. Vertical farming - https://www.hortweek.com/pioneers-shaping-future-vertical-farming/fresh-produce/article/1737366
4. Ag subsidies - https://www.oxfordmartin.ox.ac.uk/blog/meat-and-dairy-gobble-up-farming-subsidies/
5. Trade - https://www.wattagnet.com/articles/44271-now-is-the-time-to-pursue-us-africa-agriculture-trade?v=preview
6. Trade - https://www.livemint.com/news/world/india-to-remove-longstanding-barrier-to-agricultural-trade-say-us-officials-11641858901225.html
7. Food costs - https://www.citizen-times.com/story/news/local/2022/01/13/rising-food-costs-2022-groceries-restaurants-farmers-department-agriculture/9184619002/
8. Inflation - https://ca.movies.yahoo.com/december-inflation-sees-fastest-price-152424665.html
9. Farm income - https://katv.com/news/local/farm-incomes-on-the-rise-fryar-center-predicts-trend-to-continue-in-20
10. Outlook - https://upstreamaginsights.substack.com/p/2022-upstream-ag-insights-outlook or https://www.agriculture.com/news/business/2021-was-a-year-unlike-any-other-for-farm-machinery
11. Automation - https://www.gmpresswire.com/agricultural-robots-market-outlook-by-opportunity-and-demand-analysis-forecast-2026/
12. Fertilizer - https://www.realagriculture.com/2017/12/vervaets-slurry-spreader-features-nir-for-precise-nitrogen-application/
Economic and Fiscal Scorecard| The United States| June 2021 and July 2021paul young cpa, cga
Blog – Canada – Economic and Fiscal Scorecard – June 2021 and July 2021
1. Inflation - https://www.bnnbloomberg.ca/inflation-expectations-spike-to-record-at-canadian-businesses-1.1644394
2. The Mfg. plan, should is based on four pillars – workforce, innovation, exports, and a net-zero strategy https://www.canadianmanufacturing.com/manufacturing/cme-manufacturers-call-for-a-concrete-plan-on-economic-recovery-272714/ You would think good-paying jobs would be Trudeau's focus, right? Nope attacking Harper is the focus. https://www.slideshare.net/paulyoungcga/manufacturing-canada-june-2021
3. https://www.nationalnewswatch.com/2021/08/30/food-processors-want-action-from-the-next-federal-government/#.YSzGdN8pDQx If food processors want better policies, then they should not be voting for either @theJagmeetSingh or @JustinTrudeau as all they know how to do is tax and spend! https://www.slideshare.net/paulyoungcga/agriculture-and-farm-equipment-sector-july-2021@CPC_HQ
4. Job vacancies - https://thoughtleadership.rbc.com/are-sky-high-job-vacancies-in-canada-around-for-a-while/
5. Circular economy - https://www.hilltimes.com/2021/08/25/canada-and-the-nordic-countries-are-allies-in-transitioning-to-a-circular-economy-envoys/312761
6. Housing - https://betterdwelling.com/canadian-housing-affordability-got-worse-under-trudeau-but-did-he-do-the-worst/
7. USA and Canada Trade - https://www.hilltimes.com/2021/08/30/reliance-on-u-s-remains-a-threat-to-canadian-economy/314006
8. Climate change - https://www.corporateknights.com/responsible-investing/why-are-canadian-pensions-risking-our-future-by-funding-fossil-fuel-expansion/
9. International support - https://www.international.gc.ca/gac-amc/publications/odaaa-lrmado/report-rapport-18-19.aspx?lang=eng
10. Infrastructure - https://www.hilltimes.com/2021/08/25/transportation-infrastructure-key-for-canadas-economic-recovery/313242
Summary:
Retail sales were up 2.1% to $57.2 billion in August, led by higher sales at food and beverage stores (+4.8%), gasoline stations (+3.8%), and clothing and clothing accessories stores (+3.9%).
Sales increased in 9 of 11 subsectors, representing 94.6% of retail trade.
Core retail sales—which exclude gasoline stations and motor vehicle and parts dealers—were up 2.7%.
In volume terms, retail sales increased 1.4% in August.
https://www150.statcan.gc.ca/n1/daily-quotidien/211022/dq211022a-eng.htm https://economics.bmo.com/en/publications/detail/966f8e75-adb4-492b-8c14-924733071bb7/
1. Food costs - https://o.canada.com/news/local-news/lower-income-families-most-likely-to-be-pinched-by-rising-food-prices-supply-chain-problems
2. Rising oil and gas prices - https://www.fraserinstitute.org/article/rising-oil-prices-wont-solve-canadas-oil-and-gas-problems
3. Rise of propane costs - https://granthshala.com/skyrocketing-propane-prices-could-mean-trouble-for-some-canadians-this-winter/
4. Inflation has hit a 20-year high - https://dailyhive.com/vancouver/canada-inflation-highest-decades-2021
5. Supply chain - https://ca.sports.yahoo.com/news/sector-grows-manufacturing-dented-supply-091509523.html?src=rss
6. Global inflation - https://ca.news.yahoo.com/absolutely-concern-around-the-globe-over-inflation-accenture-ceo-144813190.html
7. Jobs and climate change - https://www.nationalobserver.com/2021/10/21/news/more-880000-canadian-jobs-vulnerable-global-clean-energy-transition
8. Rent and Wage - https://retail-insider.com/retail-insider/2021/10/cfib/
9. Pandemic - https://thecanadian.news/2021/10/21/how-to-lead-the-retail-trade-in-pandemic/
10. Retail innovation - https://retailtechinnovationhub.com/home/2021/10/22/five-retail-technology-trends-from-digital-fitting-rooms-to-sustainable-shopping
I support the need to look at better ways to support childcare including providing parents with different options. The PQ model is far from effective due to its wait list. More thoughts need to go into how best to allocate precious money to childcare including more oversight.
1. Daycare costs - https://www.mother.ly/life/news/news-trending/the-decade-that-made-childcare-unaffordable
2. Child Benefit program needs a review as it is costing over $7B per year and not achieving the results claim by the government - https://www.fraserinstitute.org/studies/does-the-canada-child-benefit-actually-reduce-child-poverty
3. Government is not addressing issues with energy poverty. Energy poverty is leading to decisions made by families in terms of their household budget - https://www.sciencedirect.com/science/article/abs/pii/S2214629621003303
4. There are job quality and employment issues facing Canadians across Canada - https://financialpost.com/news/economy/canadas-unemployment-is-high-but-the-number-of-people-quitting-jobs-is-also-rising-whats-going-on
5. Size of government is also becoming a problem when it comes to delivering of program spending with value for money - https://www.bostonglobe.com/2021/10/05/business/big-tech-is-major-problem-big-government-might-make-it-worse/
6. Childcare costs - https://www.nytimes.com/2021/10/06/upshot/child-care-biden.html
7. Carbon taxation - https://www.baytoday.ca/local-news/bill-to-stop-the-spikes-in-gas-prices-ignored-by-the-government-says-ndp-4491479
8. Inflation - https://www.reuters.com/business/imf-sees-global-gdp-2021-slightly-below-prior-forecast-6-2021-10-05/
9. Childcare workers on average make less than the average wage - https://ca.talent.com/salary?job=child+development Canadians need to make at least 50-60K to live a decent life in Canada - https://www.slideshare.net/paulyoungcga/what-is-happening-with-wages-in-canada
10. Canada and other countries need to focus on policies that support economic growth. Strong economies help better support social programs and wages - https://www.slideshare.net/paulyoungcga/canada-economic-and-fiscal-scorecard-august-2021-and-july-2021
Blog - Forestry and Sawmill Production – Canada and the World
Lumber prices have decline but are still very high
There seems to be inconsistent policies when it comes to management of forests around the globe
The world is slow in adopting 3D housing
1. Softwood Lumber - https://www.woodworkingnetwork.com/news/woodworking-industry-news/reduced-tariffs-draws-applause
2. Prices - https://www.barchart.com/story/news/7200218/lumber-up-and-down-and-all-around
3. 3D housing - https://www.mentalfloss.com/article/535220/these-10000-concrete-homes-are-3d-printed-less-24-hours
4. Deforestation - https://www.sustainability-times.com/environmental-protection/the-great-amazon-land-grab-brazils-government-is-turning-public-land-private-driving-deforestation/
5. Wetlands - https://www.nature.com/articles/d41586-020-00098-1
6. Housing affordability - https://saportareport.com/understanding-the-housing-affordability-problem/columnists/david/
7. Urban planning - https://www.weforum.org/agenda/2022/02/innovative-global-cities-talent-property/
8. 3D housing - https://www.probuilder.com/3d-printed-technology-offers-solution-affordable-housing
9. Mortgage rates - https://ca.finance.yahoo.com/news/lumber-prices-crash-30-mortgage-120647926.html
10. Household debt - https://www.teamblind.com/post/21t-national-debt-15-trillion-household-debt-in-usa-and-21-trillion-in-annual-gdp--are-we-doomed-rtZ0Dj5Q
11. Housing bubble - https://betterdwelling.com/
12. Insurance - https://ca.news.yahoo.com/extreme-weather-rising-insurance-rates-160054947.html
13. Heating costs - https://carolinapublicpress.org/51169/heating-costs-and-power-grid-stability-create-concerns-in-cold-temperatures/
How to Mitigate the threats of Climate Change - November 2021paul young cpa, cga
Blog – How to mitigate the impact of Climate Change
Weather over the years has played havoc to infrastructure related to both public and private sector. More needs to be done as part of mitigating the impact from weather.
1. Emissions - https://financialpost.com/commodities/energy/oil-gas/mark-carney-says-carbon-offsets-must-be-limited-to-residual-emissions
2. Diet - https://ca.news.yahoo.com/mens-meaty-diets-lead-to-40-more-carbon-emissions-than-women-163542976.html
3. Rail - https://newscenter.lbl.gov/2021/11/23/big-batteries-on-wheels-can-deliver-zero-emissions-rail-while-securing-the-grid/
4. Emissions - https://finance.yahoo.com/news/opinion-guest-view-states-must-210012259.html
5. Cement - https://www.architectmagazine.com/technology/post-cop26-how-green-can-we-make-concrete_o
6. Hydrogen - https://www.metaltechnews.com/story/2021/11/24/tech-bytes/french-hydrogen-for-cement-steelmaking/777.html
7. Electrical vehicles - https://www.deccanherald.com/science-and-environment/electric-cars-arent-enough-to-hit-climate-targets-1053979.html
8. Land - https://www.careourearth.com/the-list-of-countries-ranked-by-co2-emissions-per-square-kilometer/
9. Flood mitigation – https://globalnews.ca/news/8397330/bc-flood-warnings-ignored/
10. Smart cities - https://www.smartcitiesdive.com/news/smart-cities-grapple-with-equity-issues-heightened-by-the-pandemic/610372/
11. Urban Planning - https://www.smartcitiesdive.com/news/are-digital-twins-the-future-of-urban-planning/609232/
12. Urban Planning - https://www2.deloitte.com/xe/en/insights/industry/public-sector/future-of-cities.html
13. Food - https://dailynewsegypt.com/2021/11/23/food-security-should-be-at-heart-of-climate-change-mitigation-environment-minister/
Summary:
Farm incomes continue to be strong.
AG equipment sales had a banner year in 2021.
More and more farmers will continue to adopt expert farming and sustainable practices when it comes to managing their crop yields.
Agriculture subsidies continue to be a focus area as countries look to expand their AG exports.
1. Crop yields – http://geographical.co.uk/people/development/item/4253-adapt-to-survive
2. Crop insurance and Expert farming - https://www.agri-pulse.com/articles/16975-direct-checks-expected-to-ignite-cover-crop-surge-crop-insurance-may-play-role-too
3. Vertical farming - https://www.hortweek.com/pioneers-shaping-future-vertical-farming/fresh-produce/article/1737366
4. Ag subsidies - https://www.oxfordmartin.ox.ac.uk/blog/meat-and-dairy-gobble-up-farming-subsidies/
5. Trade - https://www.wattagnet.com/articles/44271-now-is-the-time-to-pursue-us-africa-agriculture-trade?v=preview
6. Trade - https://www.livemint.com/news/world/india-to-remove-longstanding-barrier-to-agricultural-trade-say-us-officials-11641858901225.html
7. Food costs - https://www.citizen-times.com/story/news/local/2022/01/13/rising-food-costs-2022-groceries-restaurants-farmers-department-agriculture/9184619002/
8. Inflation - https://ca.movies.yahoo.com/december-inflation-sees-fastest-price-152424665.html
9. Farm income - https://katv.com/news/local/farm-incomes-on-the-rise-fryar-center-predicts-trend-to-continue-in-20
10. Outlook - https://upstreamaginsights.substack.com/p/2022-upstream-ag-insights-outlook or https://www.agriculture.com/news/business/2021-was-a-year-unlike-any-other-for-farm-machinery
11. Automation - https://www.gmpresswire.com/agricultural-robots-market-outlook-by-opportunity-and-demand-analysis-forecast-2026/
12. Fertilizer - https://www.realagriculture.com/2017/12/vervaets-slurry-spreader-features-nir-for-precise-nitrogen-application/
Economic and Fiscal Scorecard| The United States| June 2021 and July 2021paul young cpa, cga
Blog – Canada – Economic and Fiscal Scorecard – June 2021 and July 2021
1. Inflation - https://www.bnnbloomberg.ca/inflation-expectations-spike-to-record-at-canadian-businesses-1.1644394
2. The Mfg. plan, should is based on four pillars – workforce, innovation, exports, and a net-zero strategy https://www.canadianmanufacturing.com/manufacturing/cme-manufacturers-call-for-a-concrete-plan-on-economic-recovery-272714/ You would think good-paying jobs would be Trudeau's focus, right? Nope attacking Harper is the focus. https://www.slideshare.net/paulyoungcga/manufacturing-canada-june-2021
3. https://www.nationalnewswatch.com/2021/08/30/food-processors-want-action-from-the-next-federal-government/#.YSzGdN8pDQx If food processors want better policies, then they should not be voting for either @theJagmeetSingh or @JustinTrudeau as all they know how to do is tax and spend! https://www.slideshare.net/paulyoungcga/agriculture-and-farm-equipment-sector-july-2021@CPC_HQ
4. Job vacancies - https://thoughtleadership.rbc.com/are-sky-high-job-vacancies-in-canada-around-for-a-while/
5. Circular economy - https://www.hilltimes.com/2021/08/25/canada-and-the-nordic-countries-are-allies-in-transitioning-to-a-circular-economy-envoys/312761
6. Housing - https://betterdwelling.com/canadian-housing-affordability-got-worse-under-trudeau-but-did-he-do-the-worst/
7. USA and Canada Trade - https://www.hilltimes.com/2021/08/30/reliance-on-u-s-remains-a-threat-to-canadian-economy/314006
8. Climate change - https://www.corporateknights.com/responsible-investing/why-are-canadian-pensions-risking-our-future-by-funding-fossil-fuel-expansion/
9. International support - https://www.international.gc.ca/gac-amc/publications/odaaa-lrmado/report-rapport-18-19.aspx?lang=eng
10. Infrastructure - https://www.hilltimes.com/2021/08/25/transportation-infrastructure-key-for-canadas-economic-recovery/313242
Wages and Job Vacancies (Job Quality) - Canada - October 2021 paul young cpa, cga
Blog – Job Quality and Wages – Canada – October 2021
Wages are becoming stagnant
Public sector jobs continue to outpace private sector job growth
Goods-producing continues to lags other sectors in terms of job growth
1. Wages - https://financialpost.com/news/economy/immigrant-influx-is-stunting-wage-growth-in-canadian-recovery
2. Skills gaps - https://www.wellandtribune.ca/ts/news/canada/2021/11/25/ontario-wants-young-people-to-help-fix-trades-labour-shortage.html
3. College grads - https://www.bnnbloomberg.ca/new-college-grads-are-making-gains-in-employment-and-wages-during-pandemic-1.1677685
4. Automation - https://www.mindstick.com/news/945/automation-is-future-robotisation-is-conqueror-of-modern-employment
5. Automation and fiscal policy - https://ceo-na.com/opinion/sharing-the-gains-of-automation-the-role-of-fiscal-policy/
6. Jobs in demand - https://financialpost.com/personal-finance/business-essentials/coding-is-one-of-the-most-in-demand-and-highest-paying-jobs-in-canada
7. Jobs in demand - https://www.slice.ca/10-canadian-careers-thatll-be-in-demand-in-2020-and-after/
8. Inflation - https://www.theglobeandmail.com/politics/article-opposition-grills-trudeau-on-inflation-housing-as-economic-issues-top/
9. Public sector - https://theorca.ca/resident-pod/public-sector-booming-or-ballooning/
10. Digital adoption - https://hbr.org/2021/11/3-tactics-to-accelerate-a-digital-transformation or https://www.techradar.com/features/accelerated-digital-adoption-brings-a-new-role-for-tech-leaders
Cost of Living| The United States |Inflation| January 2022paul young cpa, cga
Summary:
U.S. consumer prices rose solidly in January, leading to the biggest annual increase in inflation in 40 years, fueling financial markets speculation for a 50 basis points interest rate hike from the Federal Reserve next month.
The broad increase in prices reported by the Labor Department on Thursday was led by soaring costs for rents, electricity and food, and could heap more political pressure on President Joe Biden, whose popularity has been declining amid anxiety over the rising cost of living.
High inflation has overshadowed a strong economy, which grew at its fastest pace in 37 years in 2021 and a labor market that is rapidly churning out jobs.
Source - https://ca.finance.yahoo.com/news/u-consumer-prices-rise-strongly-134042040.html
1. Gasoline prices - https://www.news9.com/story/62053a1ca360bf0725484dd0/gas-prices-hit-their-highest-level-in-8-years--heres-whats-driving-the-surge-
2. Food - https://www.freep.com/story/news/local/michigan/2022/02/10/foods-costs-january-consumer-price-index/6733880001/
3. Housing costs - https://ca.movies.yahoo.com/10-surprisingly-affordable-housing-markets-130020778.html
4. Housing - https://www.gobankingrates.com/investing/real-estate/experts-predict-housing-market-in-2022/
5. Carbon tax - https://www.greencarcongress.com/2022/02/20220210-carbontax.html
6. Zero-emitting trucks - https://www.greencarcongress.com/2022/02/20220210-carbontax.html
7. Average mortgage - https://www.businessinsider.com/personal-finance/average-mortgage-payment
8. Biden - https://www.oliverwyman.com/our-expertise/insights/2022/feb/prepare-for-an-increase-in-corporate-restructuring-in-the-us.html
9. Yellen monetary policies - https://www.bnnbloomberg.ca/a-bridge-too-far-bond-market-reels-from-latest-inflation-bomb-1.1721824
10. Interest rates - https://www.pbs.org/newshour/nation/inflation-hits-40-year-high-reinforcing-feds-decision-to-raise-interest-rates
11. Household debt - https://thedeepdive.ca/american-consumers-descend-further-into-debt/
12. Consumer confidence - https://www.usnews.com/news/economy/articles/2022-01-25/consumer-confidence-dips-in-january-but-inflation-concerns-ease-slightly
13. Corporate restructuring - https://www.oliverwyman.com/our-expertise/insights/2022/feb/prepare-for-an-increase-in-corporate-restructuring-in-the-us.html
Affordable Housing and Homelessness - Canada and the World paul young cpa, cga
Average house across Canada is now over 700K. Affordable housing continues be a top issue facing Canadians.
https://economics.bmo.com/en/publications/detail/0815533e-685e-45ac-a5ba-962dc92d5359/
1. Housing affordability – https://canada.constructconnect.com/dcn/news/projects/2021/11/no-magic-bullet-to-solve-canadas-housing-affordability-crisis-panel
2. Affordability - https://theconversation.com/why-building-more-homes-wont-solve-the-affordable-housing-problem-for-the-millions-of-people-who-need-it-most-171100
3. Income and housing - https://www.morganstanley.com/ideas/thoughts-on-the-market-us-housing
4. Heating costs - https://www.lewistownsentinel.com/opinion/editorials/2021/11/are-you-prepared-for-the-rising-cost-of-heating-your-home-this-winter/
5. Condo fees - https://toronto.ctvnews.ca/sudden-113-per-cent-spike-in-toronto-condo-fees-sparks-nasty-dispute-and-threats-1.5655442
6. Property tax - https://windsor.ctvnews.ca/city-of-windsor-tops-property-tax-list-1.5668657
7. Housing - https://www.canadianrealestatemagazine.ca/expert-advice/canadian-average-home-prices-by-city-compared-334894.aspx
8. 3D printing - https://www.woodworkingnetwork.com/closets/housing-market-boosted-3d-printing
9. Future Cities
10. Hamilton - https://globalnews.ca/news/8335432/hamilton-least-affordable-housing-q2-2021/
Blog – Dairy Sector – Canada – November 2021
Dairy sector continues to face many challenges due cost of feed and other related input costs.
Dairy prices have not risen as much as other prices.
Liberals continue to fail address issues like the impact of the carbon tax on agriculture out and food production.
1. Rising feed prices - https://www.thebeefsite.com/news/57977/canadian-farmers-face-serious-feed-shortages/
2. Oatly - https://ca.news.yahoo.com/oatly-ads-banned-making-misleading-000100110.html
3. Fertilizer - https://www.thedailyscoop.com/news/retail-industry/how-todays-fertilizer-prices-could-reshape-industry
4. Butter production - https://www.foodbusinessnews.net/articles/20477-butter-prices-soar-to-multi-year-highs
5. Higher input costs - https://www.newsbug.info/iroquois_countys_times-republic/news/agriculture/farmers-dealing-with-dramatically-higher-input-costs/article_e5f4b953-424e-5735-bf47-3e8f5cc8c8a6.html
6. Drought - https://www.reuters.com/world/americas/canadian-farmers-face-cattle-feed-shortage-due-drought-transport-strains-2022-01-25/
7. Potato - https://www.thestar.com/news/world/2022/01/25/is-canada-fighting-a-trade-war-against-its-own-potato-farmers.html
8. Cybersecurity - https://www.canadiancattlemen.ca/daily/farm-cybersecurity-campaign-seeks-farmer-input/
9. Food exports - https://www.spglobal.com/platts/en/market-insights/latest-news/agriculture/012422-canadas-common-wheat-exports-rise-63-on-week-durum-wheat-shipments-fall
10. AG and China - https://ipolitics.ca/2022/01/21/chinese-ambassador-pitches-improved-trade-to-western-canada/
11. Food security - https://globalnews.ca/news/8532207/canada-grocery-stores-food-supply-prices/
Summary:
Australia’s consumer sentiment fell on concerns that borrowing costs are set to begin climbing this year, intensifying pressure on highly-indebted households already struggling with soaring gasoline prices.
Consumer sentiment slid 1.3% to 100.8 points in February, Westpac Banking Corp. said in a statement Wednesday. The survey showed the proportion of respondents expecting an increase in mortgage rates over the next 12 months lifted to 66% from 55% in January.
Source - https://www.aximdaily.com/weekly-market-outlook-monetary-policy-aud-usd/ and https://www.bnnbloomberg.ca/australia-consumer-sentiment-drops-on-mounting-rate-rise-fears-1.1720468
1. Household intention - https://www.commbank.com.au/articles/newsroom/2022/02/January-HSI-records-spending-falls.html
2. Household debt - https://www.bnnbloomberg.ca/risks-to-australia-s-outlook-stand-in-way-of-rba-rate-liftoff-1.1725095
3. Housing - https://propertyupdate.com.au/property-predictions-for-2022-revealed/
4. Transparency index - https://www.transparency.org/en/blog/cpi-2021-corruption-watch-list-australia-austria-el-salvador-kazakhstan
5. Wages - https://theconversation.com/why-theres-no-magic-jobless-rate-to-increase-australians-wages-176538
6. Food costs - https://www.backpackerbanter.com/blog/budget-for-a-month-in-australia
7. Gasoline - https://www.abc.net.au/news/2022-02-15/petrol-prices-at-record-highs-pushing-up-other-costs-of-living/100829584
8. Retail innovation - https://www.playinnovation.com.au/blog/retail-trends-how-3-industry-giants-are-shaking-up-the-in-store-shopping-experience
9. Innovation - https://retailtechinnovationhub.com/home/2022/2/18/the-five-biggest-retail-technology-news-stories-of-the-week
10. Supply chain - https://www.arnnet.com.au/article/695460/australia-joins-five-eyes-effort-curb-supply-chain-collusion/
11. Supply Chain - https://collegeforadultlearning.edu.au/five-significant-australian-supply-chain-logistics-job-trends/
12. Trade - https://collegeforadultlearning.edu.au/five-significant-australian-supply-chain-logistics-job-trends/
Ontario Liberals - Kathleen Wynne and Dalton McGuinty era - January 2018paul young cpa, cga
Ontario GDP will grow at pace of 1.8 to 2.3% for the next decade or so.
Ontario has spending a problem - https://www.fraserinstitute.org/studies/spending-is-the-source-of-ontarios-deficit-and-debt-problem
Moodys has downgraded bonds and put Ontario on watch (http://www.metronews.ca/news/canada/2015/02/23/ontario-has-a-serious-spending-problem-finds-credit-report.html)
Budget watchdog also doubts Ontario will balance the budget - http://business.financialpost.com/news/economy/ontario-watchdog-says-balanced-budget-unlikely-for-several-years-despite-liberals-pledge
Healthcare professionals are saying the system is max (https://cupe.ca/1000-hospital-staff-travel-great-distances-kingston-rally-end-funding-freeze-choking-ontario
Ontario has issues with delivery of precious tax dollars to programs like healthcare, education, etc.
Hydro rates are schedule to go up after 2019 - https://globalnews.ca/news/3827189/hydro-ontario-plan-cost/
Blog – Failure of Trudeaunomics – October 2021
Inflation went from 1% in 2015 to 1.9% in 2019 and now is 4.7% in Oct/21
Public sector jobs continue to outpace the private sector jobs
GDP went from 3.0% in 2017 to 1.6% 2019 (pre-Covid)
Housing prices continue to rise
Welcome to @justinTrudeau ‘s Canada
Summary:
Governments around the world need to restore confidence in themselves by removing mandates - https://www.usnews.com/news/health-news/articles/2022-02-09/new-york-joins-growing-list-of-states-removing-mask-mandates-in-new-phase-of-covid-19-pandemic
Eco-terrorism has been on the rise for many years. More and more groups are looking at ways to disrupt the flow commerce through their blockades and other means. The problem is many governments like Justin Trudeau turn a blind eye to blockades unless supports their narrative. https://www.france24.com/en/live-news/20220218-violent-attack-by-protesters-at-canadian-pipeline-worksite
The private sector will continue spend money to protect their various locations. https://www.marketwatch.com/press-release/private-security-services-market-size-2022-by-company-regions-and-applications-development-trends-future-growth-business-share-prospects-with-covid-19-impact-forecast-to-2025-2022-02-04
More needs to be done to protect the environment while growing the economy in a sustainable way - https://www.slideshare.net/paulyoungcga/how-the-public-and-private-sector-can-better-supoort-the-circular-and-green-economies
1. Top eco-terrorism threats – https://www.dailymail.co.uk/news/article-10528525/Trudeau-ignores-violent-terrorism-20-eco-terrorists-axes-surround-Gaslink-pipeline-workers.html
2. Threats - https://globalriskinsights.com/2022/01/top-11-geopolitical-risks-for-2022/
3. Insurance - https://www.insurancejournal.com/magazines/mag-features/2022/02/07/652540.htm
4. Police costs - https://www.sudbury.com/beyond-local/more-than-14-million-spent-on-trucker-convoy-protests-ottawa-police-services-board-5069312
5. Forest fires - https://www.nbclosangeles.com/news/california-wildfires/man-charged-arson-whittier-brush-fire-wildfires/2826275/
6. Supply chain - https://www.macdonaldlaurier.ca/canada-critical-global-supply-chain/
7. Green - https://economictimes.indiatimes.com/news/india/foreign-secretary-suggests-european-states-to-avoid-debt-traps-build-eco-linkages/articleshow/89046595.cms?from=mdr
8. Funding and protests - https://www.cbc.ca/news/opinion/opinion-climate-activist-terrorist-hero-1.6237005
9. Climate activism - https://www.cbc.ca/news/opinion/opinion-climate-activist-terrorist-hero-1.6237005
10. BC Gas link - https://westernstandardonline.com/2022/02/political-leaders-call-out-trudeau-for-ignoring-eco-terrorism-at-bc-coastal-gaslink-site/
@justinTrudeau has no clue about inflation - Sep/19 also seen higher inflation compared to Oct/15 but there was no comment from you back in Sep/19, why? https://www.slideshare.net/paulyoungcga/2019-election-cost-of-living-canada-june-2019
Inflation was rising way before COVID19, and Trudeau were warned about policies like carbon taxes.
BTW: I love seeing Trudeau getting angry as it shows that he cannot answer questions without the appropriate word salad as a way to say people are picking on him
Blog – How to Mitigate the effects of Climate Change through sound Environmental Policies
I am supporter of climate change and the need for both the private and public sectors to address issues with climate change. The key focus on policies that better support both circular and green economy. Government should resist subsidizing business through either direct grants or loans. The policies should be based on capital costs allowance, innovation, and training/skills tax credits. The world also needs to start looking at CO2 absorption through a global standard. The global standard should be audited like ESG reporting.
1. Air Quality - https://enveurope.springeropen.com/articles/10.1186/s12302-021-00575-y
2. Oil scarcity - https://www.reuters.com/business/energy/halliburton-says-world-is-entering-period-oil-scarcity-2021-12-06/
3. Solar panels - https://www.theverge.com/2021/12/6/22820295/tesla-sec-solar-panel-alleged-defects
4. Solar Panels - https://www.breakinglatest.news/news/the-problem-with-solar-panels-is-disposal-matthew-davies/
5. Inflation - https://thehill.com/changing-america/sustainability/energy/584675-ceo-of-worlds-largest-oil-producer-warns-of-rampant
6. ESG - https://www.cpacanada.ca/en/business-and-accounting-resources/strategy-risk-and-governance/corporate-governance/publications/esg-and-business-resilience
7. Water management - https://www.telefonica.com/en/communication-room/blog/iot-the-technology-that-simplifies-responsible-water-management/
8. Climate Change risks - https://money.usnews.com/financial-advisors/articles/q-a-how-to-manage-climate-change-risk-in-fixed-income-portfolios
9. Plastics and climate change - https://news.un.org/en/story/2021/12/1107342
10. Plastic waste - https://www.globenewswire.com/news-release/2021/12/07/2347631/0/en/Circulate-Capital-Announces-Second-Close-for-Climate-Tech-Fund-and-Inaugural-Investments-in-Three-US-Based-Tech-Innovators.html
Retail sales were down 0.6% to $56.6 billion in September. The decline was led by lower sales at motor vehicle and parts dealers (-1.6%) as new car dealer sales (-2.8%) continued to struggle amid global supply shortages for semiconductor chips.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/211119/dq211119a-eng.htm
Geopolitical Events| Vaccines Distribution| Canada and the World| April 10, 2021paul young cpa, cga
Many do not care about the facts as all you have to is watch how they cover areas of policies. @stephenharper was hammered in areas like veterans or poverty or middle class or inflation or H1N1 or other areas as compared to @JustinTrudeau who gets a free pass.
https://toronto.citynews.ca/2009/11/02/critics-say-harper-government-failed-miserably-on-swine-flu/
1. Both Harper and Chretien/Martin had plans for mitigation - https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6449094/. These plans could have gone further in terms of implementation.
2. USA, UK, and Israel continue to lead the develop markets in terms of the roll out - https://ig.ft.com/coronavirus-vaccine-tracker/?areas=gbr&areas=isr&areas=usa&areas=eue&cumulative=1&populationAdjusted=1
3. Vaccines passport will not play a role in initial opening of the economy (UK) - https://www.thechronicleherald.ca/news/world/vaccine-certificates-wont-play-a-role-in-the-initial-re-opening-of-englands-economy-minister-572475/
4. The private sector will continue to push back as part of saving heir livelihoods - https://apnews.com/article/thessaloniki-coronavirus-pandemic-athens-financial-markets-greece-4b6f54d49b6f242dfcc3d0e633ca85b5
5. Employment continues to change - https://www.economist.com/special-report/2021/04/08/labour-markets-are-working-but-also-changing
6. Middle class shrunk in 2020 - https://ca.finance.yahoo.com/finance/video/millions-tumble-middle-class-090235229.html
7. Income equality gaps have risen - https://www.wsj.com/articles/as-u-s-economy-roars-back-life-in-many-poor-countries-gets-worse-11617874201
8. Geopolitical risks - https://www.ft.com/content/c8644714-2bc0-4dad-80ec-5c0282aea76e
9. IT and geopolitical risks - https://www.forbes.com/sites/worldeconomicforum/2021/04/07/7-views-on-how-technology-will-shape-geopolitics/?sh=7da98ca931e7
10. GDP/OECD - https://commonslibrary.parliament.uk/research-briefings/sn02784/
Wages and Job Vacancies (Job Quality) - Canada - October 2021 paul young cpa, cga
Blog – Job Quality and Wages – Canada – October 2021
Wages are becoming stagnant
Public sector jobs continue to outpace private sector job growth
Goods-producing continues to lags other sectors in terms of job growth
1. Wages - https://financialpost.com/news/economy/immigrant-influx-is-stunting-wage-growth-in-canadian-recovery
2. Skills gaps - https://www.wellandtribune.ca/ts/news/canada/2021/11/25/ontario-wants-young-people-to-help-fix-trades-labour-shortage.html
3. College grads - https://www.bnnbloomberg.ca/new-college-grads-are-making-gains-in-employment-and-wages-during-pandemic-1.1677685
4. Automation - https://www.mindstick.com/news/945/automation-is-future-robotisation-is-conqueror-of-modern-employment
5. Automation and fiscal policy - https://ceo-na.com/opinion/sharing-the-gains-of-automation-the-role-of-fiscal-policy/
6. Jobs in demand - https://financialpost.com/personal-finance/business-essentials/coding-is-one-of-the-most-in-demand-and-highest-paying-jobs-in-canada
7. Jobs in demand - https://www.slice.ca/10-canadian-careers-thatll-be-in-demand-in-2020-and-after/
8. Inflation - https://www.theglobeandmail.com/politics/article-opposition-grills-trudeau-on-inflation-housing-as-economic-issues-top/
9. Public sector - https://theorca.ca/resident-pod/public-sector-booming-or-ballooning/
10. Digital adoption - https://hbr.org/2021/11/3-tactics-to-accelerate-a-digital-transformation or https://www.techradar.com/features/accelerated-digital-adoption-brings-a-new-role-for-tech-leaders
Cost of Living| The United States |Inflation| January 2022paul young cpa, cga
Summary:
U.S. consumer prices rose solidly in January, leading to the biggest annual increase in inflation in 40 years, fueling financial markets speculation for a 50 basis points interest rate hike from the Federal Reserve next month.
The broad increase in prices reported by the Labor Department on Thursday was led by soaring costs for rents, electricity and food, and could heap more political pressure on President Joe Biden, whose popularity has been declining amid anxiety over the rising cost of living.
High inflation has overshadowed a strong economy, which grew at its fastest pace in 37 years in 2021 and a labor market that is rapidly churning out jobs.
Source - https://ca.finance.yahoo.com/news/u-consumer-prices-rise-strongly-134042040.html
1. Gasoline prices - https://www.news9.com/story/62053a1ca360bf0725484dd0/gas-prices-hit-their-highest-level-in-8-years--heres-whats-driving-the-surge-
2. Food - https://www.freep.com/story/news/local/michigan/2022/02/10/foods-costs-january-consumer-price-index/6733880001/
3. Housing costs - https://ca.movies.yahoo.com/10-surprisingly-affordable-housing-markets-130020778.html
4. Housing - https://www.gobankingrates.com/investing/real-estate/experts-predict-housing-market-in-2022/
5. Carbon tax - https://www.greencarcongress.com/2022/02/20220210-carbontax.html
6. Zero-emitting trucks - https://www.greencarcongress.com/2022/02/20220210-carbontax.html
7. Average mortgage - https://www.businessinsider.com/personal-finance/average-mortgage-payment
8. Biden - https://www.oliverwyman.com/our-expertise/insights/2022/feb/prepare-for-an-increase-in-corporate-restructuring-in-the-us.html
9. Yellen monetary policies - https://www.bnnbloomberg.ca/a-bridge-too-far-bond-market-reels-from-latest-inflation-bomb-1.1721824
10. Interest rates - https://www.pbs.org/newshour/nation/inflation-hits-40-year-high-reinforcing-feds-decision-to-raise-interest-rates
11. Household debt - https://thedeepdive.ca/american-consumers-descend-further-into-debt/
12. Consumer confidence - https://www.usnews.com/news/economy/articles/2022-01-25/consumer-confidence-dips-in-january-but-inflation-concerns-ease-slightly
13. Corporate restructuring - https://www.oliverwyman.com/our-expertise/insights/2022/feb/prepare-for-an-increase-in-corporate-restructuring-in-the-us.html
Affordable Housing and Homelessness - Canada and the World paul young cpa, cga
Average house across Canada is now over 700K. Affordable housing continues be a top issue facing Canadians.
https://economics.bmo.com/en/publications/detail/0815533e-685e-45ac-a5ba-962dc92d5359/
1. Housing affordability – https://canada.constructconnect.com/dcn/news/projects/2021/11/no-magic-bullet-to-solve-canadas-housing-affordability-crisis-panel
2. Affordability - https://theconversation.com/why-building-more-homes-wont-solve-the-affordable-housing-problem-for-the-millions-of-people-who-need-it-most-171100
3. Income and housing - https://www.morganstanley.com/ideas/thoughts-on-the-market-us-housing
4. Heating costs - https://www.lewistownsentinel.com/opinion/editorials/2021/11/are-you-prepared-for-the-rising-cost-of-heating-your-home-this-winter/
5. Condo fees - https://toronto.ctvnews.ca/sudden-113-per-cent-spike-in-toronto-condo-fees-sparks-nasty-dispute-and-threats-1.5655442
6. Property tax - https://windsor.ctvnews.ca/city-of-windsor-tops-property-tax-list-1.5668657
7. Housing - https://www.canadianrealestatemagazine.ca/expert-advice/canadian-average-home-prices-by-city-compared-334894.aspx
8. 3D printing - https://www.woodworkingnetwork.com/closets/housing-market-boosted-3d-printing
9. Future Cities
10. Hamilton - https://globalnews.ca/news/8335432/hamilton-least-affordable-housing-q2-2021/
Blog – Dairy Sector – Canada – November 2021
Dairy sector continues to face many challenges due cost of feed and other related input costs.
Dairy prices have not risen as much as other prices.
Liberals continue to fail address issues like the impact of the carbon tax on agriculture out and food production.
1. Rising feed prices - https://www.thebeefsite.com/news/57977/canadian-farmers-face-serious-feed-shortages/
2. Oatly - https://ca.news.yahoo.com/oatly-ads-banned-making-misleading-000100110.html
3. Fertilizer - https://www.thedailyscoop.com/news/retail-industry/how-todays-fertilizer-prices-could-reshape-industry
4. Butter production - https://www.foodbusinessnews.net/articles/20477-butter-prices-soar-to-multi-year-highs
5. Higher input costs - https://www.newsbug.info/iroquois_countys_times-republic/news/agriculture/farmers-dealing-with-dramatically-higher-input-costs/article_e5f4b953-424e-5735-bf47-3e8f5cc8c8a6.html
6. Drought - https://www.reuters.com/world/americas/canadian-farmers-face-cattle-feed-shortage-due-drought-transport-strains-2022-01-25/
7. Potato - https://www.thestar.com/news/world/2022/01/25/is-canada-fighting-a-trade-war-against-its-own-potato-farmers.html
8. Cybersecurity - https://www.canadiancattlemen.ca/daily/farm-cybersecurity-campaign-seeks-farmer-input/
9. Food exports - https://www.spglobal.com/platts/en/market-insights/latest-news/agriculture/012422-canadas-common-wheat-exports-rise-63-on-week-durum-wheat-shipments-fall
10. AG and China - https://ipolitics.ca/2022/01/21/chinese-ambassador-pitches-improved-trade-to-western-canada/
11. Food security - https://globalnews.ca/news/8532207/canada-grocery-stores-food-supply-prices/
Summary:
Australia’s consumer sentiment fell on concerns that borrowing costs are set to begin climbing this year, intensifying pressure on highly-indebted households already struggling with soaring gasoline prices.
Consumer sentiment slid 1.3% to 100.8 points in February, Westpac Banking Corp. said in a statement Wednesday. The survey showed the proportion of respondents expecting an increase in mortgage rates over the next 12 months lifted to 66% from 55% in January.
Source - https://www.aximdaily.com/weekly-market-outlook-monetary-policy-aud-usd/ and https://www.bnnbloomberg.ca/australia-consumer-sentiment-drops-on-mounting-rate-rise-fears-1.1720468
1. Household intention - https://www.commbank.com.au/articles/newsroom/2022/02/January-HSI-records-spending-falls.html
2. Household debt - https://www.bnnbloomberg.ca/risks-to-australia-s-outlook-stand-in-way-of-rba-rate-liftoff-1.1725095
3. Housing - https://propertyupdate.com.au/property-predictions-for-2022-revealed/
4. Transparency index - https://www.transparency.org/en/blog/cpi-2021-corruption-watch-list-australia-austria-el-salvador-kazakhstan
5. Wages - https://theconversation.com/why-theres-no-magic-jobless-rate-to-increase-australians-wages-176538
6. Food costs - https://www.backpackerbanter.com/blog/budget-for-a-month-in-australia
7. Gasoline - https://www.abc.net.au/news/2022-02-15/petrol-prices-at-record-highs-pushing-up-other-costs-of-living/100829584
8. Retail innovation - https://www.playinnovation.com.au/blog/retail-trends-how-3-industry-giants-are-shaking-up-the-in-store-shopping-experience
9. Innovation - https://retailtechinnovationhub.com/home/2022/2/18/the-five-biggest-retail-technology-news-stories-of-the-week
10. Supply chain - https://www.arnnet.com.au/article/695460/australia-joins-five-eyes-effort-curb-supply-chain-collusion/
11. Supply Chain - https://collegeforadultlearning.edu.au/five-significant-australian-supply-chain-logistics-job-trends/
12. Trade - https://collegeforadultlearning.edu.au/five-significant-australian-supply-chain-logistics-job-trends/
Ontario Liberals - Kathleen Wynne and Dalton McGuinty era - January 2018paul young cpa, cga
Ontario GDP will grow at pace of 1.8 to 2.3% for the next decade or so.
Ontario has spending a problem - https://www.fraserinstitute.org/studies/spending-is-the-source-of-ontarios-deficit-and-debt-problem
Moodys has downgraded bonds and put Ontario on watch (http://www.metronews.ca/news/canada/2015/02/23/ontario-has-a-serious-spending-problem-finds-credit-report.html)
Budget watchdog also doubts Ontario will balance the budget - http://business.financialpost.com/news/economy/ontario-watchdog-says-balanced-budget-unlikely-for-several-years-despite-liberals-pledge
Healthcare professionals are saying the system is max (https://cupe.ca/1000-hospital-staff-travel-great-distances-kingston-rally-end-funding-freeze-choking-ontario
Ontario has issues with delivery of precious tax dollars to programs like healthcare, education, etc.
Hydro rates are schedule to go up after 2019 - https://globalnews.ca/news/3827189/hydro-ontario-plan-cost/
Blog – Failure of Trudeaunomics – October 2021
Inflation went from 1% in 2015 to 1.9% in 2019 and now is 4.7% in Oct/21
Public sector jobs continue to outpace the private sector jobs
GDP went from 3.0% in 2017 to 1.6% 2019 (pre-Covid)
Housing prices continue to rise
Welcome to @justinTrudeau ‘s Canada
Summary:
Governments around the world need to restore confidence in themselves by removing mandates - https://www.usnews.com/news/health-news/articles/2022-02-09/new-york-joins-growing-list-of-states-removing-mask-mandates-in-new-phase-of-covid-19-pandemic
Eco-terrorism has been on the rise for many years. More and more groups are looking at ways to disrupt the flow commerce through their blockades and other means. The problem is many governments like Justin Trudeau turn a blind eye to blockades unless supports their narrative. https://www.france24.com/en/live-news/20220218-violent-attack-by-protesters-at-canadian-pipeline-worksite
The private sector will continue spend money to protect their various locations. https://www.marketwatch.com/press-release/private-security-services-market-size-2022-by-company-regions-and-applications-development-trends-future-growth-business-share-prospects-with-covid-19-impact-forecast-to-2025-2022-02-04
More needs to be done to protect the environment while growing the economy in a sustainable way - https://www.slideshare.net/paulyoungcga/how-the-public-and-private-sector-can-better-supoort-the-circular-and-green-economies
1. Top eco-terrorism threats – https://www.dailymail.co.uk/news/article-10528525/Trudeau-ignores-violent-terrorism-20-eco-terrorists-axes-surround-Gaslink-pipeline-workers.html
2. Threats - https://globalriskinsights.com/2022/01/top-11-geopolitical-risks-for-2022/
3. Insurance - https://www.insurancejournal.com/magazines/mag-features/2022/02/07/652540.htm
4. Police costs - https://www.sudbury.com/beyond-local/more-than-14-million-spent-on-trucker-convoy-protests-ottawa-police-services-board-5069312
5. Forest fires - https://www.nbclosangeles.com/news/california-wildfires/man-charged-arson-whittier-brush-fire-wildfires/2826275/
6. Supply chain - https://www.macdonaldlaurier.ca/canada-critical-global-supply-chain/
7. Green - https://economictimes.indiatimes.com/news/india/foreign-secretary-suggests-european-states-to-avoid-debt-traps-build-eco-linkages/articleshow/89046595.cms?from=mdr
8. Funding and protests - https://www.cbc.ca/news/opinion/opinion-climate-activist-terrorist-hero-1.6237005
9. Climate activism - https://www.cbc.ca/news/opinion/opinion-climate-activist-terrorist-hero-1.6237005
10. BC Gas link - https://westernstandardonline.com/2022/02/political-leaders-call-out-trudeau-for-ignoring-eco-terrorism-at-bc-coastal-gaslink-site/
@justinTrudeau has no clue about inflation - Sep/19 also seen higher inflation compared to Oct/15 but there was no comment from you back in Sep/19, why? https://www.slideshare.net/paulyoungcga/2019-election-cost-of-living-canada-june-2019
Inflation was rising way before COVID19, and Trudeau were warned about policies like carbon taxes.
BTW: I love seeing Trudeau getting angry as it shows that he cannot answer questions without the appropriate word salad as a way to say people are picking on him
Blog – How to Mitigate the effects of Climate Change through sound Environmental Policies
I am supporter of climate change and the need for both the private and public sectors to address issues with climate change. The key focus on policies that better support both circular and green economy. Government should resist subsidizing business through either direct grants or loans. The policies should be based on capital costs allowance, innovation, and training/skills tax credits. The world also needs to start looking at CO2 absorption through a global standard. The global standard should be audited like ESG reporting.
1. Air Quality - https://enveurope.springeropen.com/articles/10.1186/s12302-021-00575-y
2. Oil scarcity - https://www.reuters.com/business/energy/halliburton-says-world-is-entering-period-oil-scarcity-2021-12-06/
3. Solar panels - https://www.theverge.com/2021/12/6/22820295/tesla-sec-solar-panel-alleged-defects
4. Solar Panels - https://www.breakinglatest.news/news/the-problem-with-solar-panels-is-disposal-matthew-davies/
5. Inflation - https://thehill.com/changing-america/sustainability/energy/584675-ceo-of-worlds-largest-oil-producer-warns-of-rampant
6. ESG - https://www.cpacanada.ca/en/business-and-accounting-resources/strategy-risk-and-governance/corporate-governance/publications/esg-and-business-resilience
7. Water management - https://www.telefonica.com/en/communication-room/blog/iot-the-technology-that-simplifies-responsible-water-management/
8. Climate Change risks - https://money.usnews.com/financial-advisors/articles/q-a-how-to-manage-climate-change-risk-in-fixed-income-portfolios
9. Plastics and climate change - https://news.un.org/en/story/2021/12/1107342
10. Plastic waste - https://www.globenewswire.com/news-release/2021/12/07/2347631/0/en/Circulate-Capital-Announces-Second-Close-for-Climate-Tech-Fund-and-Inaugural-Investments-in-Three-US-Based-Tech-Innovators.html
Retail sales were down 0.6% to $56.6 billion in September. The decline was led by lower sales at motor vehicle and parts dealers (-1.6%) as new car dealer sales (-2.8%) continued to struggle amid global supply shortages for semiconductor chips.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/211119/dq211119a-eng.htm
Geopolitical Events| Vaccines Distribution| Canada and the World| April 10, 2021paul young cpa, cga
Many do not care about the facts as all you have to is watch how they cover areas of policies. @stephenharper was hammered in areas like veterans or poverty or middle class or inflation or H1N1 or other areas as compared to @JustinTrudeau who gets a free pass.
https://toronto.citynews.ca/2009/11/02/critics-say-harper-government-failed-miserably-on-swine-flu/
1. Both Harper and Chretien/Martin had plans for mitigation - https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6449094/. These plans could have gone further in terms of implementation.
2. USA, UK, and Israel continue to lead the develop markets in terms of the roll out - https://ig.ft.com/coronavirus-vaccine-tracker/?areas=gbr&areas=isr&areas=usa&areas=eue&cumulative=1&populationAdjusted=1
3. Vaccines passport will not play a role in initial opening of the economy (UK) - https://www.thechronicleherald.ca/news/world/vaccine-certificates-wont-play-a-role-in-the-initial-re-opening-of-englands-economy-minister-572475/
4. The private sector will continue to push back as part of saving heir livelihoods - https://apnews.com/article/thessaloniki-coronavirus-pandemic-athens-financial-markets-greece-4b6f54d49b6f242dfcc3d0e633ca85b5
5. Employment continues to change - https://www.economist.com/special-report/2021/04/08/labour-markets-are-working-but-also-changing
6. Middle class shrunk in 2020 - https://ca.finance.yahoo.com/finance/video/millions-tumble-middle-class-090235229.html
7. Income equality gaps have risen - https://www.wsj.com/articles/as-u-s-economy-roars-back-life-in-many-poor-countries-gets-worse-11617874201
8. Geopolitical risks - https://www.ft.com/content/c8644714-2bc0-4dad-80ec-5c0282aea76e
9. IT and geopolitical risks - https://www.forbes.com/sites/worldeconomicforum/2021/04/07/7-views-on-how-technology-will-shape-geopolitics/?sh=7da98ca931e7
10. GDP/OECD - https://commonslibrary.parliament.uk/research-briefings/sn02784/
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
Wage growth to slow down in 2023
Potential recession in 2023
High inflation will continue to be a focus by central banks
More emphasis needs to be on closing the skill gap
Capital investment required to address issues with intermodal, ports, rail, and trucking capacity
Government needs to embrace business automation including moving to a digital model
Geopolitical Events| Vaccines and COVID19| Canada and the World| April 16, 2021paul young cpa, cga
Blog – Geopolitical Events and Risks – COVID19 – Canada and the World
1. Small and medium-size businesses - https://etradeforall.org/news/the-effects-of-the-covid-19-pandemic-on-small-businesses-and-global-value-chains/
2. https://www.ctvnews.ca/health/coronavirus/why-doctors-advocates-are-calling-for-permanent-paid-sick-days-for-canadian-workers-1.5384530 - EI and other programs would have to be revamped to handle sick leave - https://www.canada.ca/en/services/benefits/ei/ei-sickness.html
3. Inflation is growing - https://www.bnnbloomberg.ca/60-of-canadians-worried-about-inflation-in-2021-cibc-1.1541942
4. Mental health and lock downs - https://www.bbc.com/news/uk-northern-ireland-56736593
5. Israel continues to open up - https://www.india.com/travel/articles/despite-surge-in-covid19-cases-israel-to-start-welcoming-international-tourists-in-may-know-details-4589583/
6. GDP risks - https://www2.deloitte.com/us/en/insights/economy/global-economic-outlook/weekly-update.html
7. China is about to hit 19% GDP growth - https://www.reuters.com/article/us-china-economy-gdp-poll-idUSKBN2C20Q0
8. Climate change and G20 - https://www.ndtv.com/india-news/ahead-of-g20-india-slams-linking-climate-issues-to-economic-recovery-2412211
9. Automation / https://venturebeat.com/2021/04/11/automation-is-expanding-how-worried-should-we-be-about-jobs/
10. Bankruptcies - https://www.benefitspro.com/2021/04/14/corporate-bankruptcies-hit-precipitous-high-in-march-412-114629/?slreturn=20210317084133
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
Blog – How is the Middle Class doing in Canada – August 2022
Housing affordability is at 41 years low
Carbon tax and climate change at all costs continue to impact the cost of living
Liberals could have made Canada a mining giant but chose to focus solely on policies to support their social agenda
Farmers are very concern with changes to fertilizer rules
Canada GDP per capita trails countries like Australia and Qatar
Summary:
Key Takeaway: Retail sales posted a solid gain in October and pointed to another increase in November. Consumers appear ready, willing, and able to spend, though higher prices are taking a bite out of volumes as inflation erodes purchasing power. And, tighter restrictions pose additional uncertainty to close out the year.
Source - https://economics.bmo.com/en/publications/detail/f75364d1-4d9a-4aa1-b6b2-573750da8c6a/
1. Retail Sales and Consumer Spending - https://www.marketwatch.com/story/canada-retail-sales-jump-1-6-in-october-271640095151
2. Consumer spending – https://economics.td.com/ca-quarterly-economic-forecast
3. Data and AI - https://www.innovatingcanada.ca/industry/using-ai-and-big-data-to-bring-retailers-into-the-digital-age/
4. Innovation - https://retailtechinnovationhub.com/home/2021/12/21/five-retail-technology-innovations-that-wont-be-big-in-2022
5. eCommerce - https://www.cantechletter.com/2021/12/take-a-look-at-these-canadian-e-commerce-stocks/
6. Policy - https://financialpost.com/opinion/opinion-leaving-2021-longstanding-problems-could-be-addressed-in-2022
7. Supply chain - https://ca.finance.yahoo.com/news/retail-sales-canada-surge-sign-134544714.html
8. Inflation - https://www.macleans.ca/economy/economy-inflation-trends-2022/
9. Furniture - https://www.retailcouncil.org/media-mentions/furniture-price-inflation-couldve-been-controlled/
10. Housing - https://www.mpamag.com/ca/mortgage-industry/industry-trends/covid-19-intensified-ongoing-housing-market-trends-rbc/320583
Blog – Job Vacancies and Job Quality – Canada – July 2022
46% of the job vacancies pay less than the average wage
EI and other training funds need to be used as part of moving people to new careers in demand
Goods-producing sector continues to face major regulatory hurdles as part of getting their goods out of the ground to market.
Housing costs continue to eat up a large chunk of household budgets
Liberals continue to throw gasoline on the inflation fire.
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
Blog – What is next for the Global Economy – August 2021
1. Global GDP - https://blogs.imf.org/2021/07/27/drawing-further-apart-widening-gaps-in-the-global-recovery/
2. Global Commodities - https://www.bnnbloomberg.ca/here-s-who-wins-and-who-loses-from-the-surge-in-commodity-prices-1.1634711
3. Oil - https://www.wsj.com/articles/chevron-posts-highest-profit-in-a-year-as-oil-demand-rebounds-11627640325
4. Rio Tinto - https://www.wsj.com/articles/rio-tinto-net-profit-jumps-on-boom-in-commodity-prices-11627459592
5. Nasdaq - https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665
6. Pacific Rim - https://www.washingtontimes.com/news/2021/jul/27/the-us-should-rejoin-the-trans-pacific-partnership/
7. Top AI Apps - https://www.globaltechoutlook.com/top-essential-ai-data-management-apps-for-you-to-avail-in-2021/
8. Technology outlook - https://www.simplilearn.com/top-technology-trends-and-jobs-article
9. Food and Crops Output - https://www.producer.com/markets/
10. Food and Climate - https://www.pbs.org/newshour/world/climate-change-and-conflict-are-fueling-poverty-and-food-prices-un-chief-says
11. Water - https://www.bbc.com/news/business-57847654
Fiscal and Economic Scorecard - Canada - June 2022 and July 2022.pptxpaul young cpa, cga
Blog – Fiscal and Economic Scorecard
Canada continues to face many challenges due to high inflation.
Canada continues to lag other jurisdiction as it relates to development of its natural resources sector
Housing prices have decline but are still unaffordable for a good chunk of the Canadian population
Inflation has decline, but food costs are still an issue
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
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. 3
Agenda
• Key Metrics
• Employment – Canada
• Trade – Canada
• Manufacturing – Canada
• Housing – Canada
• Cost of Living / Canada
• Electricity
• Fiscal Update / Canada
• Blog – Path Forward – Budget 2021
• Blog – Pharmacare
• Blog – Job Quality
• Blog – Climate change
• Blog – Plastics
• Blog – Wind and Recycling
• Blog – Competitiveness
• Blog – Energy Crisis
• Blog – Electrical Vehicles
• Blog – Critical Metals
• Blog – Monetary Policies
• Blog – Retail Sector
• Blog – Transforming the Public Sector
• Blog – ESG Reporting
• Summary
9. 9
GDP Growth and Deficits
Source – Stats Canada, BMO, and Finance Department –
Canada
10. 10
Employment – Canada – Employment 2021
https://www.bnnbloomberg.ca/job-vacancies-jump-past-1-million-in-canada-s-tight-labour-market-1.1687132
Blog – Job Quality and Wages – Canada – October 2021
Wages are becoming stagnant
Public sector jobs continue to outpace private sector job growth
Goods-producing continues to lag other sectors in terms of job growth
55% of the job vacancies are jobs that pay less than the average wage.
https://www.slideshare.net/paulyoungcga/wages-and-job-vacancies-job-quality-canada-october-2021
11. 11
Trade – Canada – September 2021
Blog – September 2021 – Merchandise Trade – Canada -
https://www.slideshare.net/paulyoungcga/merchandise-tradecanada-september-2021
Raw materials trade surplus is projected to be $124B as compared to 79B in 2020.
Canada has significant trade imbalances with consumer goods and machinery.
12. 12
Manufacturing – Canada –
Manufacturing
What is next for Manufacturing -
https://www.linkedin.com/posts/paul-young-055632b_where-
manufacturings-beenand-where-its-activity-6869249192645279744-
Tyot
1. Serving local buying habits provides a competitive advantage
2. Nimble supply chains are a response to serving local demand
3. Data is the next logical step for continuous improvement
https://www.industryweek.com/leadership/change-
management/article/21182012/where-manufacturings-been-and-
where-its-going?utm_source=IY%20IW%20Daily%20Headlines%20-
%20Morning&utm_medium=email&utm_campaign=CPS211118151&
o_eid=7930I4506489J2B&rdx.ident%5Bpull%5D=omeda%7C7930I4
506489J2B&oly_enc_id=7930I4506489J2B
Additional link: https://www.slideshare.net/paulyoungcga/usa-
manufacturing-september-2021-and-october-2021
13. 13
Housing – Canada
Blog – Housing – Canada and the World – October 2021
All levels of government must start dealing with the systemic issues with real estate like land availability or cost of housing or
lack of urban and rural strategy or lack of innovation adoption (3D printing or modular housing) or other areas of policy.
https://www.slideshare.net/paulyoungcga/affordable-housing-and-homelessness-canada-and-the-world
Average house across Canada is now over 700K. Affordable housing continues be a top issue facing Canadians.
https://economics.bmo.com/en/publications/detail/0815533e-685e-45ac-a5ba-962dc92d5359/
14. 14
Cost of Living
Inflation is now at 4.7%
Energy costs continue to rise
High food costs
High housing costs
Canada & USA are the two worse countries for inflation in the G7
https://www.slideshare.net/paulyoungcga/cost-of-living-canadainflation-october-2021-revised
16. 16
Fiscal Monitor – Canada
Blog – Fiscal Monitor and Fiscal Management –
Canada
The federal government ran a deficit of
nearly $69 billion over the first half its fiscal
year, almost $130 billion less than the
treasury pumped out during the same stretch
one year earlier.
https://www.slideshare.net/paulyoungcga/fis
cal-management-public-sector-canada-
250734309
17. 17
Blog – Stock Market
Blog – Stock Market – WE – November 26, 2021 - https://www.slideshare.net/paulyoungcga/what-is-up-with-stock-
marklet-november-26-2021
U.S. stocks plunged on Friday, with global markets rattled by a new coronavirus variant discovered in South Africa,
which fanned concerns that new growth-crushing lockdowns could be imposed if the variant spreads widely.
Source - https://ca.finance.yahoo.com/news/stock-market-news-live-updates-november-26-2021-125443465.html
18. 18
Path Forward for Canada
Blog – What is next for Canada
• The new normal means likely changes on how parts of the GDP work including capacity restrictions for
sectors like hospitality, tourism, and entertainment.
• Development of natural resources in sustainable way
• Protecting the environment while growing the economy
• Addressing issues with job quality
• Addressing issues with the cost of living
• Implementing tax fairness policies
• Addressing the delivery model for government including more performance audits and value for money
audits.
Source - https://www.slideshare.net/paulyoungcga/what-is-the-path-forward-for-canada-october-2021
19. 19
Commodities
• Canada has some of the best mining practices in the world
• Canada has some of the best sustainable forest management practices in the world
• Canada has some of the toughest water management laws in the world
• Canada has some of the tough farming laws in the world
• Source - https://www.slideshare.net/paulyoungcga/how-canada-should-maximize-the-value-of-its-
natural-resources-in-a-sustainable-way
20. 20
Pharmacare
“The federal government is out of excuses: It’s time to get serious about pharmacare”
https://www.canadianmanufacturing.com/features/the-federal-government-is-out-of-excuses-its-time-to-get-
serious-about-pharmacare/
The program with this article is there no focus on various government drug programs that need to be
consolidated. There also needs to be focus on a made in Canada solutions related to drug development.
My work - https://www.slideshare.net/paulyoungcga/biotech-and-pharmaceutical-september-2021
21. 21
Job Quality
The 1M job vacancies needs to be taken with a grain of salt. Nearly 55% of all the vacancies are jobs that pay less
than $60K/year. It takes well over 120K of income to afford housing in Canada.
Blog – Human Capital and Skills Development – Canada and the World
Economies change over time due different factors. One of the main factors that help transform economy is both
innovation and productivity improvements. Education needs to evolve to ensure people are prepared for the jobs
of today and tomorrow.
https://www.slideshare.net/paulyoungcga/human-capital-and-workforce-planning-canada-and-the-world-
250548192
22. 22
Climate Change
Blog – Growing the Circular Economy through better Climate Mitigation Policies
I support better policies that encourage both the private and public sectors to move their operation model to zero-
waste. More work needs to be done on policies related to waste-to-energy (CCA) or abolishing carbon taxation or
streamlining of regulations and taxes or tax credits for environmental work, i.e., tree plant or water management or
other areas of the environment.
https://www.slideshare.net/paulyoungcga/how-to-advance-the-circular-economy-through-climate-mitigation-policies
23. 23
Plastics
Plastics play a key role as part of disease mitigation including masks, dividers, storage, etc. The real issue is how
best to recycle the plastics as part diverted waste from waterways and landfill sites.
https://www.canadianmanufacturing.com/manufacturing/plastic-resin-emerges-as-tiniest-example-of-
enduring-covid-19-supply-chain-crunch-273555/
My work: https://www.slideshare.net/paulyoungcga/how-to-maximized-the-circular-economy-250318403
24. 24
Wind Turbines and Recycling
Blog – Wind Power and Recycling - https://www.linkedin.com/posts/paul-young-055632b_to-end-wind-power-
waste-siemens-gamesa-designs-activity-6848534185544699904-bg01
There needs to be a global strategy on how to recycle the old blades. https://windeurope.org/newsroom/press-
releases/wind-industry-calls-for-europe-wide-ban-on-landfilling-turbine-blades/
25. 25
Competitiveness
@MPJulian and the NDP
Shutdown tax-havens.
Fix the tax act.
Getting more value for money out of program spending
The focus should be on protecting the environment while
growing the economy in a sustainable way.
https://www.slideshare.net/paulyoungcga/tax-fairness-and-
business-competitiveness-analysis
26. 26
Energy Crisis
Australia exported 3-13 million tons per month of coal to China in 2020. If China needs 50 million tons per month that
is rapid increase in coal production. It is unclear in China and Australia would be able to ramp to meet the demand.
China is already in a shortage of perhaps 50 million tons per month.
If there is a rapid surge in coal importing to China, there could be overbidding that causes shortages for other Asian
countries. This will also make the supply chain problems even worse.
Prioritizing heating over electricity means more factory shutdowns.
Prioritizing heating coal imports over other supply chain means that the 200 ships waiting to get unloaded get bumped
back at the ports for hundreds of coal ships.
China having coal production problems is tough because building other sources of electricity and heating will take
years. Especially if China wants to get beyond current levels to support 6% per year GDP growth.
https://www.nextbigfuture.com/2021/10/173364.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bl
ogspot%2Fadvancednano+%28nextbigfuture%29
This ties nicely to my work on energy - https://www.linkedin.com/pulse/world-heading-energy-crisis-paul-young/
27. 27
Electrical Vehicles
Blog - World Largest Plug-in Station provider promises full charge in 15 minutes - Electrical Vehicles
Technology company ABB made an announcement stating it has created the quickest electric vehicle charger. ABB claims that in just under
three minutes, its charger, the Terra 360, can provide a range of 62 miles. Leave the vehicle plugged in for 15 minutes, and it can be fully
charged.
New Atlas reports ABB’s Terra 360 possesses a maximum output of 360 kW. The charger resembles a gasoline pump and has four ports and
16-foot retractable cables that allow it to charge as many as four vehicles at the same time. Although, if four vehicles are charging
simultaneously, the kW decreases to 90.
https://www.thomasnet.com/insights/world-s-fastest-ev-charger-promises-full-battery-in-15-minutes/?ecms_id=8afea2aa-cf09-4d8c-996c-
d6af6c50fd63&ecms_short=ART5963&doc_type=ted_video_article&parent_id=4a24fd38-8dd6-4945-8747-
c1c52587a6e5&utm_content=featuredvideo&linktype=title&channel=email&campaign_type=thomas_industry_update&campaign_name=tiu
211026&utm_campaign=tiu211026&utm_medium=email&utm_source=thomas_industry_update&tinid=221763045
Additional Links:
eVehicles - https://www.slideshare.net/paulyoungcga/electrical-vehicles-and-plugin-stations-adoption-october-2021
Plug-in stations issues - https://www.wealth-wave.com/wealth-wave/3-ev-speedbumps-3-potential-profits/
Grid limitations - https://www.rte.ie/news/business/2021/1020/1254828-maxol-20m-investment/
Grid connection issues - https://www.cbc.ca/amp/1.6224159
Car rentals - https://www.cnbc.com/2021/10/25/tesla-hertz-ev-deal-signal-to-rental-car-fleets-its-time-for-electric.html
28. 28
Natural Resources / Critical Metals
Blog – Natural Resources Sector – What is next – October 2021
Canada’s natural resources sector is about 11% of its GDP. Canada needs to put a focus on development of its’ natural
resources in a sustainable way as part of support the green and circular economy.
Canada has sizeable reserves in the areas of critical metals - https://mineralprices.com/canada-should-take-the-lead-in-
global-critical-minerals-development-panel/?utm_source=rss&utm_medium=rss&utm_campaign=canada-should-take-
the-lead-in-global-critical-minerals-development-panel
My work
https://www.slideshare.net/paulyoungcga/what-is-next-for-canada-and-worlds-natural-resources-250492008
Key stocks - https://investingnews.com/daily/resource-investing/critical-metals-investing/rare-earth-investing/top-
canadian-rare-earths-stocks/
29. 29
Monetary Policies – BOC
Key Implications
In the latest highly anticipated decision, the Bank of Canada changed up the script. It pulled forward the timing of
when it expected the output gap to close to the middle quarters of next year as it judged that supply disruptions were
weighing more heavily on the economy's productive capacity. So, even as the GDP forecast was revised down in this
MPR, the output gap closed sooner than what the Bank had projected in July.
In terms of our own view, we expect the Bank will raise rates three times next year, taking the overnight rate to 1%
by the end of 2022. Inflation is heating up, and it would be prudent to remove some monetary stimulus as the
economy continues down the road to recovery.
We must acknowledge that there is significant uncertainty around the economic outlook right now. A resurgence of
the pandemic could result in greater stimulus, but if there is a faster-than-expected acceleration in household
spending, the Bank could raise rates at a faster clip. The Bank of Canada is showing that it is nimble and will react
quickly to the evolving economic landscape.
https://economics.td.com/ca-boc-interest-rate-announcement
Additional Links:
https://www.slideshare.net/paulyoungcga/what-is-next-for-global-monetary-policies-october-2021
30. 30
Transforming the Retail Sector
https://www.theglobeandmail.com/business/industry-news/property-report/article-innovation-driving-transformation-of-retail/
The shift of consumer spending to the digital realm is driving the transformation of physical retail into an immersive,
“phygital” experience, Ms. Nicholls says.
“Omnichannel has been a buzzword in retail for a long time,” says Ashley Barby, founder of Toronto-based, retail-
innovators hub FashionTech, whose report, Store of the Future, was released this month.
As pandemic restrictions continue to ease, customers will expect “a post-omnichannel world – or a channel-less
environment – where everything has merged, and the customer transacts seamlessly within all of them.
Additional links:
Australia – Retail Sales – August 2021 - https://www.slideshare.net/paulyoungcga/retai-sales-australia-august-2021
Canada - https://www.slideshare.net/paulyoungcga/retail-sales-and-consumer-spending-canada-august-2021
USA - https://www.slideshare.net/paulyoungcga/retail-sales-usa-september-2021
31. 31
Transforming the Public Sector
Blog – How to fix the Governance Model for
the Public Sector -
https://www.slideshare.net/paulyoungcga/h
ow-to-fix-the-goverance-model-for-the-
public-sector-government-249941842
Source - https://www.auditboard.com/
32. 32
ESG Reporting
Blog - 88 percent of Industrial Businesses Are Now Prioritizing Sustainable Manufacturing - https://www.linkedin.com/pulse/blog-88-
percent-industrial-businesses-now-paul-young/?published=t
In a strategic move to increase operational efficiency while simultaneously reducing cost, many industrial business leaders have recently been
prioritizing sustainability throughout their facilities. Sustainable manufacturing, which the U.S. Department of Commerce defines as using
industrial processes that minimize negative environmental impacts and are safer for both employees and consumers, has been gaining
momentum lately amid what the United Nations calls the “Decade of Action.”
A recent study from Oxford Economics highlighted that 65% of companies have created a clear mission statement around sustainability, with
another 23% noting that they are in the process of developing such a statement, for a total of 88% of companies prioritizing sustainability.
Similarly, in a recent SAP survey, 46% of industrial business leaders shared that sustainability is top of mind for them throughout the
manufacturing process, and 68% of them have reduced energy consumption at their businesses.
https://www.thomasnet.com/insights/88-of-industrial-businesses-are-now-prioritizing-sustainable-manufacturing/?ecms_id=f3a900b0-35f4-
494d-8457-fda636ddd249&ecms_short=ART5960&doc_type=ted_video_article&parent_id=2fd67156-2dae-43a3-82d5-
fdf35ab36f99&utm_content=featuredvideo&linktype=title&channel=email&campaign_type=thomas_industry_update&campaign_name=tiu2
11018&utm_campaign=tiu211018&utm_medium=email&utm_source=thomas_industry_update&tinid=221763045
Additional links:
This ties nicely into my work - Clients/Customers are looking at the best way to integrate data into their reporting systems as well as ensuring
they are complying with various regulation filings as part of their GRC models -
Templates: https://ibm.box.com/s/nsbds2s5v8znpwqzc03p9urykbat38w0
Presentation: https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce
33. 33
Summary
• New normal is hear to stay - https://www.slideshare.net/paulyoungcga/new-normal-for-canada-
and-the-world-248752153
• Addressing issues facing the middle class - https://www.slideshare.net/paulyoungcga/how-is-the-
middle-class-doing-in-canada
• All levels of government need a new governance model that emphasizes the size of government,
value for money, oversight, transparent, and accountability -
https://www.slideshare.net/paulyoungcga/how-to-fix-the-goverance-model-for-the-public-sector-
government
• Addressing issues with the global economy including reforming UN, WHO, WTO, and other areas of
global policies to support a more inclusive economy -
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global-economy-may-2021
• Addressing issues with debt - https://www.slideshare.net/paulyoungcga/debt-issues-global-debt-
crisis-analysis-and-commentary-248282137
34. Training and Development
• If you like to learn more
about trade and/or other
subjects as part of your
professional learning,
and development then
feel free to review my
material on
https://www.udemy.com
/ (search Paul Young
CPA CGA)
• These subjects address
how to fixed issues with
housing and/or
systemic issues related
to economy including
government policies
Editor's Notes
Source - Stats Canada, BMO, RBC, CIBC, TD Economics, Derosiers Automotive, World Steel, Association of AG Equipment, IES, US Govt, The Trucker and BNS, https://insideevs.com/news/343998/monthly-plug-in-ev-sales-scorecard/, Table: 25-10-0058-01 (formerly CANSIM 129-0006)
Source - Stats Canada, BMO, RBC, CIBC, TD Economics, Derosiers Automotive, World Steel, Association of AG Equipment, IES, US Govt, The Trucker and BNS, https://insideevs.com/news/343998/monthly-plug-in-ev-sales-scorecard/, Table: 25-10-0058-01 (formerly CANSIM 129-0006)
Source - Stats Canada, BMO, RBC, CIBC, TD Economics, Derosiers Automotive, World Steel, Association of AG Equipment, IES, US Govt, The Trucker and BNS, https://insideevs.com/news/343998/monthly-plug-in-ev-sales-scorecard/, Table: 25-10-0058-01 (formerly CANSIM 129-0006)