Construction is a key part of GDP for Canada. The key will be how all levels of government work with the private sector to support economic development and affordable housing.
2019 Election| Capital and Infrastructure| Canada| July 2019paul young cpa, cga
The value of building permits issued by Canadian municipalities rose 3.0% to $8.3 billion in July, driven by increases in multi-family and commercial permits. The largest gain was in commercial permits, up 6.7% to $2.0 billion due to high-value permits for office buildings in Vancouver. Six provinces reported declines in industrial permits. The Canada Infrastructure Bank has loaned $1.28 billion to Montreal for electric transit and is reviewing 10 potential projects. It was designed to finance infrastructure not otherwise built and has $35 billion over 10 years for this purpose.
2019 Election| infrastructure and Capital Spending - Canadapaul young cpa, cga
Trudeau promised billions of infrastructure money - https://www.cbc.ca/news/politics/canada-election-2015-liberals-infrastructure-deficits-1.3206550
The problem is money either has been slowed or never arrived
Trudeau only loan from the Infrastructure bank was to Montreal Transit
Trudeau has given moneys to Ontario in the past - https://www.cbc.ca/news/canada/toronto/trudeau-transportation-1.3569602, but that was before Doug Ford was elected as the Premier
Transit tax credits were eliminated by Trudeau and yet were effective on helping the middle class - https://www.slideshare.net/paulyoungcga/monthly-transit-analysis-and-commentary-january-2019
Trudeau rebranded the gas tax and build Canada funds as his own. (former CPC programs)
Blog – What is next for Natural Gas
1. Natural Gas futures - https://www.naturalgasintel.com/august-natural-gas-futures-cash-prices-cruise-higher/
2. Are LNG projects dead - https://www.nationalobserver.com/2021/07/23/news/is-lng-industry-dead-end-in-canada
3. Indigenous and LNG - https://financialpost.com/commodities/energy/oil-gas/nisgaa-nation-and-partners-move-ahead-with-lng-project-expected-to-be-worth-55-billion
4. Green transition and Natural Gas - https://www.forbes.com/sites/arielcohen/2021/07/08/how-natural-gas-can-help-fuel-the-green-revolution/?sh=6480e6b3d828
5. Natural Gas - https://www.forbes.com/sites/judeclemente/2021/07/01/as-us-temperatures-spike-so-does-the-need-for-natural-gas/?sh=42687edc2b6b
6. Australia and Natural Gas - https://www.theguardian.com/environment/2021/jul/23/australias-reliance-on-gas-exports-questioned-as-japan-winds-down-fossil-fuel-power
7. Natural Gas - https://totalenergies.com/group/commitment/climate-change/growing-natural-gas
8. Methane - https://www.atco.com/en-ca/about-us/news/2021/122925-atco-to-build-its-first-renewable-natural-gas-production-facilit.html
9. Northern Ontario - https://news.ontario.ca/en/release/1000566/ontario-supports-forestry-and-mining-sectors-in-timmins-cochrane-and-timiskaming-districts
10. BP - https://www.bp.com/en/global/corporate/energy-economics/statistical-review-of-world-energy/natural-gas.html
What is going on with Building Permits in Canada - August 2019paul young cpa, cga
This document provides an overview of infrastructure and business investment in Canada from Paul Young, a CPA and expert in various business and financial topics. It discusses recent statistics on building permits, issues with the Liberal government's infrastructure plans, investments from the Canada Infrastructure Bank, GDP and the construction industry, foreign direct investment trends, and proposals for high-speed rail between cities like Toronto and Montreal. Overall it analyzes recent economic indicators and debates around transportation infrastructure funding under the current federal government.
This document provides an overview of infrastructure investment in Canada presented by Paul Young CPA, CGA. It discusses several topics including building permits, the Canada Infrastructure Bank, GDP and construction, issues with the Liberal infrastructure plans, transit ridership, foreign direct investment, and business investment. It analyzes statistics and issues regarding how infrastructure money is being spent and identifies delays in getting funds out to projects.
2019 Election| Construction and Business Investment | Canada | June 2019paul young cpa, cga
The document discusses infrastructure and capital investment in Canada. It provides an agenda covering topics like building permits, the Canada Infrastructure Bank, GDP and construction, issues with Liberal infrastructure plans, transit funding, relations between the federal and provincial governments, foreign direct investment, and VIA Rail's proposals for high-speed rail. It cites various sources and statistics to support analysis of infrastructure spending, economic indicators, and challenges around delivering large projects.
Infrastructure| Analysis and Commentary| Canada| December 2018paul young cpa, cga
The document discusses infrastructure spending and the Canada Infrastructure Bank. It provides background on Paul Young and an agenda of infrastructure-related topics including building permits, infrastructure funding flows, the Infrastructure Bank, GDP and construction trends, issues with the Liberal infrastructure plans, transit ridership, and the relationship between the federal and provincial governments on infrastructure projects. It cites several sources and presents statistics to support analyzing Canada's infrastructure landscape.
2019 Election| Construction and Business Investment | Canada | May 2019paul young cpa, cga
This document provides an overview of infrastructure and business investment in Canada by Paul Young CPA, CGA. It includes sections on building permits, the Canada Infrastructure Bank, GDP and construction, issues with Liberal infrastructure plans, transit funding, foreign direct investment, and business investment trends. Key points discussed are the slow progress of the Liberal infrastructure program in getting funds allocated, declines in some categories of building permits, a list of projects being reviewed by the Infrastructure Bank, and challenges with the provinces in coordinating infrastructure projects and funding.
2019 Election| Capital and Infrastructure| Canada| July 2019paul young cpa, cga
The value of building permits issued by Canadian municipalities rose 3.0% to $8.3 billion in July, driven by increases in multi-family and commercial permits. The largest gain was in commercial permits, up 6.7% to $2.0 billion due to high-value permits for office buildings in Vancouver. Six provinces reported declines in industrial permits. The Canada Infrastructure Bank has loaned $1.28 billion to Montreal for electric transit and is reviewing 10 potential projects. It was designed to finance infrastructure not otherwise built and has $35 billion over 10 years for this purpose.
2019 Election| infrastructure and Capital Spending - Canadapaul young cpa, cga
Trudeau promised billions of infrastructure money - https://www.cbc.ca/news/politics/canada-election-2015-liberals-infrastructure-deficits-1.3206550
The problem is money either has been slowed or never arrived
Trudeau only loan from the Infrastructure bank was to Montreal Transit
Trudeau has given moneys to Ontario in the past - https://www.cbc.ca/news/canada/toronto/trudeau-transportation-1.3569602, but that was before Doug Ford was elected as the Premier
Transit tax credits were eliminated by Trudeau and yet were effective on helping the middle class - https://www.slideshare.net/paulyoungcga/monthly-transit-analysis-and-commentary-january-2019
Trudeau rebranded the gas tax and build Canada funds as his own. (former CPC programs)
Blog – What is next for Natural Gas
1. Natural Gas futures - https://www.naturalgasintel.com/august-natural-gas-futures-cash-prices-cruise-higher/
2. Are LNG projects dead - https://www.nationalobserver.com/2021/07/23/news/is-lng-industry-dead-end-in-canada
3. Indigenous and LNG - https://financialpost.com/commodities/energy/oil-gas/nisgaa-nation-and-partners-move-ahead-with-lng-project-expected-to-be-worth-55-billion
4. Green transition and Natural Gas - https://www.forbes.com/sites/arielcohen/2021/07/08/how-natural-gas-can-help-fuel-the-green-revolution/?sh=6480e6b3d828
5. Natural Gas - https://www.forbes.com/sites/judeclemente/2021/07/01/as-us-temperatures-spike-so-does-the-need-for-natural-gas/?sh=42687edc2b6b
6. Australia and Natural Gas - https://www.theguardian.com/environment/2021/jul/23/australias-reliance-on-gas-exports-questioned-as-japan-winds-down-fossil-fuel-power
7. Natural Gas - https://totalenergies.com/group/commitment/climate-change/growing-natural-gas
8. Methane - https://www.atco.com/en-ca/about-us/news/2021/122925-atco-to-build-its-first-renewable-natural-gas-production-facilit.html
9. Northern Ontario - https://news.ontario.ca/en/release/1000566/ontario-supports-forestry-and-mining-sectors-in-timmins-cochrane-and-timiskaming-districts
10. BP - https://www.bp.com/en/global/corporate/energy-economics/statistical-review-of-world-energy/natural-gas.html
What is going on with Building Permits in Canada - August 2019paul young cpa, cga
This document provides an overview of infrastructure and business investment in Canada from Paul Young, a CPA and expert in various business and financial topics. It discusses recent statistics on building permits, issues with the Liberal government's infrastructure plans, investments from the Canada Infrastructure Bank, GDP and the construction industry, foreign direct investment trends, and proposals for high-speed rail between cities like Toronto and Montreal. Overall it analyzes recent economic indicators and debates around transportation infrastructure funding under the current federal government.
This document provides an overview of infrastructure investment in Canada presented by Paul Young CPA, CGA. It discusses several topics including building permits, the Canada Infrastructure Bank, GDP and construction, issues with the Liberal infrastructure plans, transit ridership, foreign direct investment, and business investment. It analyzes statistics and issues regarding how infrastructure money is being spent and identifies delays in getting funds out to projects.
2019 Election| Construction and Business Investment | Canada | June 2019paul young cpa, cga
The document discusses infrastructure and capital investment in Canada. It provides an agenda covering topics like building permits, the Canada Infrastructure Bank, GDP and construction, issues with Liberal infrastructure plans, transit funding, relations between the federal and provincial governments, foreign direct investment, and VIA Rail's proposals for high-speed rail. It cites various sources and statistics to support analysis of infrastructure spending, economic indicators, and challenges around delivering large projects.
Infrastructure| Analysis and Commentary| Canada| December 2018paul young cpa, cga
The document discusses infrastructure spending and the Canada Infrastructure Bank. It provides background on Paul Young and an agenda of infrastructure-related topics including building permits, infrastructure funding flows, the Infrastructure Bank, GDP and construction trends, issues with the Liberal infrastructure plans, transit ridership, and the relationship between the federal and provincial governments on infrastructure projects. It cites several sources and presents statistics to support analyzing Canada's infrastructure landscape.
2019 Election| Construction and Business Investment | Canada | May 2019paul young cpa, cga
This document provides an overview of infrastructure and business investment in Canada by Paul Young CPA, CGA. It includes sections on building permits, the Canada Infrastructure Bank, GDP and construction, issues with Liberal infrastructure plans, transit funding, foreign direct investment, and business investment trends. Key points discussed are the slow progress of the Liberal infrastructure program in getting funds allocated, declines in some categories of building permits, a list of projects being reviewed by the Infrastructure Bank, and challenges with the provinces in coordinating infrastructure projects and funding.
Infrastructure and Construction| USA and the World| October 2021paul young cpa, cga
Summary:
Total Construction
Construction spending during October 2021 was estimated at a seasonally adjusted annual rate of $1,598.0 billion, 0.2 percent (±1.2 percent)* above the revised September estimate of $1,594.8 billion. The October figure is 8.6 percent (±1.3 percent) above the October 2020 estimate of $1,471.7 billion. During the first ten months of this year, construction spending amounted to $1,323.1 billion, 7.5 percent (±1.0 percent) above the $1,230.8 billion for the same period in 2020.
1. Construction material index - https://canada.constructconnect.com/canadata/forecaster/economic/2021/12/gap-between-bid-price-increases-and-material-cost-increases-is-narrowing
2. Climate Change - https://www.finchandbeak.com/1662/how-steel-cement-and-construction-can.htm
3. Infrastructure - https://www.euronews.com/2021/12/01/eu-plans-to-raise-300bn-to-counter-china-s-infrastructure-spending
4. Infrastructure - https://www.seattletimes.com/opinion/letters-to-the-editor/infrastructure-package-spending-vs-investment/
5. Sand - https://thebossmagazine.com/how-are-concrete-shortages-impacting-construction-demand/
6. Skills - https://www.business-live.co.uk/partners/bridging-skills-gap-construction-industry-22013159
7. Building code - https://www.aceee.org/white-paper/2021/12/knowledge-infrastructure-critical-path-advance-embodied-carbon-building-codes
8. Housing - https://www.noradarealestate.com/blog/housing-market-predictions/
9. Asphalt - https://news.yahoo.com/shell-partners-recycling-company-pave-191041001.html
10. Risk - https://aon.co.za/insights/construction-outlook-2022/
2019 Election| Construction and Business Investment | Canada | May 2019paul young cpa, cga
https://www.liberal.ca/realchange/public-transit%E2%80%A8/
Stephen Harper’s failure to invest has led to worsening traffic congestion, making it harder for families to spend time together. This gridlock also costs our economy billions of dollars in lost productivity each year.
Trudeau has not reduced commute times or did much of a dent when it comes to transit systems. https://www.cbc.ca/news/business/statistics-canada-commute-times-study-1.5038796 or https://www150.statcan.gc.ca/n1/daily-quotidien/190225/dq190225a-eng.htm
Trudeau also removed the tax credits for transit saying transit was not being utilized. https://www.greedyrates.ca/blog/tax-changes-canadians-need-to-know-about/
Government Policy - Infrastructure funding - Canada - April 2018paul young cpa, cga
Infrastructure is aging not just in Canada, but around the world
There are systemic issues with municipalities that are putting strains on their budget like labor cost
Transit projects are heavily subsidized
Only $10B was allocated to support exports.
Government has talked about selling off airports and ports
Liberals are playing games as part of setting up for a new mandate
Infrastructure is aging not just in Canada, but around the world
There are systemic issues with municipalities that are putting strains on their budget like labor cost
Transit projects are heavily subsidized
Only $10B was allocated to support exports.
Government has talked about selling off airports and ports
Liberals are playing games as part of setting up for a new mandate.
This document provides an overview of municipal affairs and issues facing local governments in Canada presented by Paul Young, a CPA and consultant. It discusses the powers and limitations of municipal governments as defined by provincial legislation. It also identifies several issues municipalities are facing such as infrastructure funding shortfalls, rising OPP costs, economic development challenges, and the need for reforms like addressing arbitration. Potential solutions proposed include fixing arbitration, consolidating agencies, re-evaluating council sizes, improving capital planning, and embracing new technologies.
This document provides an overview and analysis of the New Democratic Party (NDP) and their approach to fiscal management and the economy from the perspective of Paul Young CPA, CGA. It discusses NDP provincial governments in several Canadian provinces and their budget balances. It also examines the NDP's Leap Manifesto and comments on the performance of NDP governments in Ontario. Paul Young provides facts and statistics to argue that NDP policies have not necessarily helped economic expansion or growth. The document aims to analyze the NDP's approach to fiscal policy and economic management.
Canada| GDP and Economy| Truth and What needs to Change| paul young cpa, cga
This document provides an overview and analysis of Canada's economy and GDP by Paul Young CPA CGA. It covers several topics: overall GDP growth; jobs and labor markets; the natural resources, construction, and manufacturing sectors; energy; the green economy; fiscal management; and recommendations for the future, including training/education reforms. Key points include slowing GDP growth, challenges in the natural resources and manufacturing sectors, high debt levels under the current government, and a need for policy and regulatory reforms to make Canada more competitive and support key industries.
Housing Market - Affordability and Costing - Canada - September 2019paul young cpa, cga
This document provides an overview of strategies to make housing more affordable in Canada. It discusses how housing affordability has declined across markets like Toronto and Vancouver. Issues include high real estate prices, a lack of housing supply, and systemic problems. Potential solutions explored are increasing housing starts, using 3D printing for construction, implementing retrofitting programs, and reviewing taxes on principal residences. The document suggests all levels of government need to address this complex issue through coordinated long-term policies rather than quick fixes.
1. Poverty has been declining for years - https://hamiltonpoverty.ca/preview/facts-about-poverty/
2. Halifax and affordable housing - https://www.cbc.ca/news/canada/nova-scotia/protest-halifax-cmhc-banc-joseph-howe-1.6161313
3. High price of housing in Hamilton - https://www.judymarsales.com/news/blog/hamilton-real-estate-market-conditions.aspx
4. Townhomes - https://www.theglobeandmail.com/real-estate/article-with-demand-high-builders-tweak-the-traditional-townhouse/
5. How to fix housing - https://www.bnnbloomberg.ca/here-are-5-ways-the-feds-could-fix-canada-s-housing-crisis-1.1648933
6. Commission - https://betterdwelling.com/canadian-real-estate-agents-are-discreetly-pushing-buyers-to-high-commission-listings/
7. Millennials - https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-no-one-is-saying-boomers-didnt-work-hard/
8. https://www.fool.ca/2021/09/05/canadas-housing-crisis-in-3-shocking-numbers/ - Population did not match the availability of housing
9. Rural areas - https://www.mcgill.ca/channels/channels/news/expert-involvement-rural-communities-crucial-canadas-recovery-333437
10. Housing Costs - https://www.nerdwallet.com/ca/mortgages/how-much-does-it-cost-to-build-a-house
11. Urban areas - https://www.blogto.com/real-estate-toronto/2021/09/small-ontario-city-home-prices-exploding/
12. Innovation - https://www.newswise.com/articles/ten-innovations-to-address-america-s-housing-affordability-crisis
13. Solutions - https://ssir.org/articles/entry/innovative_solutions_for_the_housing_crisis
14. 3D printing - https://all3dp.com/2/2019-best-companies-building-3d-printed-houses/
15. 3D Printing - https://constructionglobal.com/technology-and-ai/75-millennials-would-consider-3d-printed-homes
16. Zoning rules - https://www.reuters.com/legal/legalindustry/zoning-rules-create-affordability-economic-benefits-2021-08-27/
17. 3D printing - https://vancouversun.com/moneywise-pro/could-3d-printed-homes-solve-canadas-housing-supply-problem
Blog – Natural Gas – What is Next
1. USA and natural gas - https://www.eia.gov/todayinenergy/detail.php?id=48456
2. Natural gas demand - https://www.fxempire.com/forecasts/article/natural-gas-price-fundamental-weekly-forecast-prices-rise-amid-strong-cooling-demand-rising-lng-exports-746427
3. Natural gas supply - https://www.worldoil.com/news/2021/6/25/natural-gas-prices-rally-as-global-shortages-abound
4. ESG - https://www.naturalgasintel.com/esg-concerns-mounting-for-mexicos-pemex-as-natural-gas-flaring-fuel-oil-production-rising/ Blog – Sustainability Reporting – Environmental, Social and Governance Reporting (ESG) https://www.linkedin.com/posts/paul-young-055632b_box-activity-6812657767476809729-krs7
5. Natural gas transition - https://www.spglobal.com/en/research-insights/featured/esg-monthly-june-natural-gas
6. Net zero - https://esgclarity.com/how-the-oil-and-gas-sector-is-evolving-amid-energy-transition/
7. Environment - https://www.sierraclub.org/sierra/lng-exports-bridge-too-far
8. Monitoring - https://www.nasdaq.com/articles/ibm-partners-with-verizon-others-for-enterprise-5g-adoption-2021-06-28
9. Hydrogen - https://financialpost.com/commodities/energy/we-are-making-it-possible-to-use-hydrocarbons-can-hydrogen-extend-albertas-natural-gas
10. Electricity - https://www.thebigq.org/2021/06/22/is-natural-gas-really-cheaper-than-renewable-electricity/
More is required by all levels of government to deal with the systemic issues facing real estate. This presentations looks at key areas facing housing prices across Canada and the world.
2015 Election Promise - Liberal Party of Canada – Goods to Market – Canada – ...paul young cpa, cga
Canada is export driven country. Canada exports about 25% of its GDP. Canada needs access to market.
For each $1B of exports lead to 5,500 jobs. The exports driven jobs tends to pay 30-50% more than the service sector.
Market set prices for business
Canada goods producing sector jobs as % of total jobs has decreased since the Liberals took office in 2015
Liberals impose new small business tax rules (Passive Income and Income Sprinkling)
Government set policies like environment laws, labour laws, trade/investment, taxation
Canada new C69 will drag out approval for resource projects by years.
It is not one policy that drives FDI, but many policies
FDI has left Canada for other jurisdiction due to taxes and regulatory processes - http://business.financialpost.com/commodities/energy/canadian-drillers-moving-rigs-south-to-chase-better-prospects-in-texas-oilfields
Canada personal taxation rates have been increased over the past few years.
This document provides an overview and analysis of Canada's economy and key sectors by Paul Young CPA CGA. It summarizes GDP growth, job recovery challenges, the natural resources, construction, manufacturing, and energy sectors. It also discusses Canada's green economy, fiscal management, and recommendations for improving competitiveness, education/training, and government policies going forward. The document contains links to additional data sources and analyses on each topic.
Government Policies and Issues - Municipalities and Cities - Canada - Novemb...paul young cpa, cga
This document provides an overview of key issues facing municipal governments in Canada. It discusses challenges with financial reporting and accounting systems. It also outlines issues municipalities face such as development fee shortfalls, arbitration costs, underfunded pension plans, transportation challenges, and downloading of costs from senior levels of government. The document lists several sources that provide more details on these topics.
Paul Young CPA CGA presented on infrastructure issues in the USA. The presentation covered topics such as historical and proposed new infrastructure spending in the USA, the infrastructure gap, supply chain management challenges, and risks. It provided an overview of the Biden administration's plans to increase infrastructure spending and raise corporate taxes to help fund improvements. The presentation included various sources and statistics on infrastructure topics.
What is next for Canada - Throne Speech - September 23, 2020paul young cpa, cga
The document provides an analysis of the Canadian Throne Speech delivered on September 23, 2020. It includes:
- An overview and commentary on key points from the Throne Speech.
- Statistics and data on the current state of the Canadian economy from various sources, including employment levels, housing prices, and sector performance.
- Critiques of previous Liberal government policies on issues like carbon taxation, childcare, infrastructure spending, and concerns around new initiatives proposed in the speech.
- Recommendations for alternative approaches focusing on tax reform, productivity improvements, addressing high costs of living, and ensuring access to raw materials for green technologies.
The document provides an overview of technologies and issues related to supporting the technology sector in Canada. It discusses the top 7 amazing technologies of 2017 including robotics, IoT sensors, 3D medical implants, internet access as a basic right, car sharing, phone implants, and AI in manufacturing. It also lists the top technologies for 2019, fastest growing Canadian companies, characteristics of fast growing companies, and policies that could support technology companies. Challenges facing Canada include sluggish economic growth, lagging adoption of technologies like AI, and the potential for a brain drain.
Summary:
Global economy continues to face many headwinds like new variants or climate change or supply chain disruption or labor shortages or housing costs or high inflation or other geopolitical, fiscal, and economic issues and threats.
1. Income inequality - https://www.theguardian.com/business/2021/dec/07/global-inequality-western-imperialism-super-rich
2. Global Trade - https://www.weforum.org/agenda/2021/12/globalization-world-trade-bounce-back-from-covid-19/
3. Global economy - https://www.cityam.com/outlook-2022-global-economy/
4. Budget deficits - https://www.thebalance.com/u-s-federal-budget-breakdown-3305789
5. Geopolitical risks - https://www.geopoliticalmonitor.com/
6. Labor shortages - https://www.qualtrics.com/blog/labor-shortages/
7. Digital adoption - https://www.fiercetelecom.com/telecom/report-digital-transformation-spending-will-catapult-to-6-8-trillion-by-2023
8. Mega Trends - https://www.ishares.com/us/insights/megatrends-themes-to-watch
9. HR - https://www.gartner.com/en/human-resources/trends/top-priorities-for-hr-leaders
10. Retail spending - https://www.fitchratings.com/research/corporate-finance/fitch-ratings-2022-outlook-us-retail-06-12-2021
2019 Election| infrastructure and Capital Spending| Canada| June 2019paul young cpa, cga
The value of building permits issued by Canadian municipalities declined 3.7% to $8.0 billion in June, largely due to a decrease in the value of multi-family and institutional permits. Six provinces declined, with Alberta accounting for over one-third of the national decrease. Of the provinces posting gains, Nova Scotia reported the largest increase (+32.1%), reflecting gains in the value of residential and commercial permits in Halifax.
2019 Election| Construction| Permits and FDI| Canada | April 2019paul young cpa, cga
The document provides an agenda and overview of topics related to infrastructure and business investment in Canada. It discusses recent building permit numbers, fiscal monitoring, the Canada Infrastructure Bank, GDP and construction trends, issues with the Liberal infrastructure plans, transit funding, foreign direct investment, and business investment. Specific projects reviewed include Montreal transit funding from the Infrastructure Bank and 10 projects under active review. Analysis is also provided on the performance and failures of the Liberal infrastructure program.
Infrastructure and Construction| USA and the World| October 2021paul young cpa, cga
Summary:
Total Construction
Construction spending during October 2021 was estimated at a seasonally adjusted annual rate of $1,598.0 billion, 0.2 percent (±1.2 percent)* above the revised September estimate of $1,594.8 billion. The October figure is 8.6 percent (±1.3 percent) above the October 2020 estimate of $1,471.7 billion. During the first ten months of this year, construction spending amounted to $1,323.1 billion, 7.5 percent (±1.0 percent) above the $1,230.8 billion for the same period in 2020.
1. Construction material index - https://canada.constructconnect.com/canadata/forecaster/economic/2021/12/gap-between-bid-price-increases-and-material-cost-increases-is-narrowing
2. Climate Change - https://www.finchandbeak.com/1662/how-steel-cement-and-construction-can.htm
3. Infrastructure - https://www.euronews.com/2021/12/01/eu-plans-to-raise-300bn-to-counter-china-s-infrastructure-spending
4. Infrastructure - https://www.seattletimes.com/opinion/letters-to-the-editor/infrastructure-package-spending-vs-investment/
5. Sand - https://thebossmagazine.com/how-are-concrete-shortages-impacting-construction-demand/
6. Skills - https://www.business-live.co.uk/partners/bridging-skills-gap-construction-industry-22013159
7. Building code - https://www.aceee.org/white-paper/2021/12/knowledge-infrastructure-critical-path-advance-embodied-carbon-building-codes
8. Housing - https://www.noradarealestate.com/blog/housing-market-predictions/
9. Asphalt - https://news.yahoo.com/shell-partners-recycling-company-pave-191041001.html
10. Risk - https://aon.co.za/insights/construction-outlook-2022/
2019 Election| Construction and Business Investment | Canada | May 2019paul young cpa, cga
https://www.liberal.ca/realchange/public-transit%E2%80%A8/
Stephen Harper’s failure to invest has led to worsening traffic congestion, making it harder for families to spend time together. This gridlock also costs our economy billions of dollars in lost productivity each year.
Trudeau has not reduced commute times or did much of a dent when it comes to transit systems. https://www.cbc.ca/news/business/statistics-canada-commute-times-study-1.5038796 or https://www150.statcan.gc.ca/n1/daily-quotidien/190225/dq190225a-eng.htm
Trudeau also removed the tax credits for transit saying transit was not being utilized. https://www.greedyrates.ca/blog/tax-changes-canadians-need-to-know-about/
Government Policy - Infrastructure funding - Canada - April 2018paul young cpa, cga
Infrastructure is aging not just in Canada, but around the world
There are systemic issues with municipalities that are putting strains on their budget like labor cost
Transit projects are heavily subsidized
Only $10B was allocated to support exports.
Government has talked about selling off airports and ports
Liberals are playing games as part of setting up for a new mandate
Infrastructure is aging not just in Canada, but around the world
There are systemic issues with municipalities that are putting strains on their budget like labor cost
Transit projects are heavily subsidized
Only $10B was allocated to support exports.
Government has talked about selling off airports and ports
Liberals are playing games as part of setting up for a new mandate.
This document provides an overview of municipal affairs and issues facing local governments in Canada presented by Paul Young, a CPA and consultant. It discusses the powers and limitations of municipal governments as defined by provincial legislation. It also identifies several issues municipalities are facing such as infrastructure funding shortfalls, rising OPP costs, economic development challenges, and the need for reforms like addressing arbitration. Potential solutions proposed include fixing arbitration, consolidating agencies, re-evaluating council sizes, improving capital planning, and embracing new technologies.
This document provides an overview and analysis of the New Democratic Party (NDP) and their approach to fiscal management and the economy from the perspective of Paul Young CPA, CGA. It discusses NDP provincial governments in several Canadian provinces and their budget balances. It also examines the NDP's Leap Manifesto and comments on the performance of NDP governments in Ontario. Paul Young provides facts and statistics to argue that NDP policies have not necessarily helped economic expansion or growth. The document aims to analyze the NDP's approach to fiscal policy and economic management.
Canada| GDP and Economy| Truth and What needs to Change| paul young cpa, cga
This document provides an overview and analysis of Canada's economy and GDP by Paul Young CPA CGA. It covers several topics: overall GDP growth; jobs and labor markets; the natural resources, construction, and manufacturing sectors; energy; the green economy; fiscal management; and recommendations for the future, including training/education reforms. Key points include slowing GDP growth, challenges in the natural resources and manufacturing sectors, high debt levels under the current government, and a need for policy and regulatory reforms to make Canada more competitive and support key industries.
Housing Market - Affordability and Costing - Canada - September 2019paul young cpa, cga
This document provides an overview of strategies to make housing more affordable in Canada. It discusses how housing affordability has declined across markets like Toronto and Vancouver. Issues include high real estate prices, a lack of housing supply, and systemic problems. Potential solutions explored are increasing housing starts, using 3D printing for construction, implementing retrofitting programs, and reviewing taxes on principal residences. The document suggests all levels of government need to address this complex issue through coordinated long-term policies rather than quick fixes.
1. Poverty has been declining for years - https://hamiltonpoverty.ca/preview/facts-about-poverty/
2. Halifax and affordable housing - https://www.cbc.ca/news/canada/nova-scotia/protest-halifax-cmhc-banc-joseph-howe-1.6161313
3. High price of housing in Hamilton - https://www.judymarsales.com/news/blog/hamilton-real-estate-market-conditions.aspx
4. Townhomes - https://www.theglobeandmail.com/real-estate/article-with-demand-high-builders-tweak-the-traditional-townhouse/
5. How to fix housing - https://www.bnnbloomberg.ca/here-are-5-ways-the-feds-could-fix-canada-s-housing-crisis-1.1648933
6. Commission - https://betterdwelling.com/canadian-real-estate-agents-are-discreetly-pushing-buyers-to-high-commission-listings/
7. Millennials - https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-no-one-is-saying-boomers-didnt-work-hard/
8. https://www.fool.ca/2021/09/05/canadas-housing-crisis-in-3-shocking-numbers/ - Population did not match the availability of housing
9. Rural areas - https://www.mcgill.ca/channels/channels/news/expert-involvement-rural-communities-crucial-canadas-recovery-333437
10. Housing Costs - https://www.nerdwallet.com/ca/mortgages/how-much-does-it-cost-to-build-a-house
11. Urban areas - https://www.blogto.com/real-estate-toronto/2021/09/small-ontario-city-home-prices-exploding/
12. Innovation - https://www.newswise.com/articles/ten-innovations-to-address-america-s-housing-affordability-crisis
13. Solutions - https://ssir.org/articles/entry/innovative_solutions_for_the_housing_crisis
14. 3D printing - https://all3dp.com/2/2019-best-companies-building-3d-printed-houses/
15. 3D Printing - https://constructionglobal.com/technology-and-ai/75-millennials-would-consider-3d-printed-homes
16. Zoning rules - https://www.reuters.com/legal/legalindustry/zoning-rules-create-affordability-economic-benefits-2021-08-27/
17. 3D printing - https://vancouversun.com/moneywise-pro/could-3d-printed-homes-solve-canadas-housing-supply-problem
Blog – Natural Gas – What is Next
1. USA and natural gas - https://www.eia.gov/todayinenergy/detail.php?id=48456
2. Natural gas demand - https://www.fxempire.com/forecasts/article/natural-gas-price-fundamental-weekly-forecast-prices-rise-amid-strong-cooling-demand-rising-lng-exports-746427
3. Natural gas supply - https://www.worldoil.com/news/2021/6/25/natural-gas-prices-rally-as-global-shortages-abound
4. ESG - https://www.naturalgasintel.com/esg-concerns-mounting-for-mexicos-pemex-as-natural-gas-flaring-fuel-oil-production-rising/ Blog – Sustainability Reporting – Environmental, Social and Governance Reporting (ESG) https://www.linkedin.com/posts/paul-young-055632b_box-activity-6812657767476809729-krs7
5. Natural gas transition - https://www.spglobal.com/en/research-insights/featured/esg-monthly-june-natural-gas
6. Net zero - https://esgclarity.com/how-the-oil-and-gas-sector-is-evolving-amid-energy-transition/
7. Environment - https://www.sierraclub.org/sierra/lng-exports-bridge-too-far
8. Monitoring - https://www.nasdaq.com/articles/ibm-partners-with-verizon-others-for-enterprise-5g-adoption-2021-06-28
9. Hydrogen - https://financialpost.com/commodities/energy/we-are-making-it-possible-to-use-hydrocarbons-can-hydrogen-extend-albertas-natural-gas
10. Electricity - https://www.thebigq.org/2021/06/22/is-natural-gas-really-cheaper-than-renewable-electricity/
More is required by all levels of government to deal with the systemic issues facing real estate. This presentations looks at key areas facing housing prices across Canada and the world.
2015 Election Promise - Liberal Party of Canada – Goods to Market – Canada – ...paul young cpa, cga
Canada is export driven country. Canada exports about 25% of its GDP. Canada needs access to market.
For each $1B of exports lead to 5,500 jobs. The exports driven jobs tends to pay 30-50% more than the service sector.
Market set prices for business
Canada goods producing sector jobs as % of total jobs has decreased since the Liberals took office in 2015
Liberals impose new small business tax rules (Passive Income and Income Sprinkling)
Government set policies like environment laws, labour laws, trade/investment, taxation
Canada new C69 will drag out approval for resource projects by years.
It is not one policy that drives FDI, but many policies
FDI has left Canada for other jurisdiction due to taxes and regulatory processes - http://business.financialpost.com/commodities/energy/canadian-drillers-moving-rigs-south-to-chase-better-prospects-in-texas-oilfields
Canada personal taxation rates have been increased over the past few years.
This document provides an overview and analysis of Canada's economy and key sectors by Paul Young CPA CGA. It summarizes GDP growth, job recovery challenges, the natural resources, construction, manufacturing, and energy sectors. It also discusses Canada's green economy, fiscal management, and recommendations for improving competitiveness, education/training, and government policies going forward. The document contains links to additional data sources and analyses on each topic.
Government Policies and Issues - Municipalities and Cities - Canada - Novemb...paul young cpa, cga
This document provides an overview of key issues facing municipal governments in Canada. It discusses challenges with financial reporting and accounting systems. It also outlines issues municipalities face such as development fee shortfalls, arbitration costs, underfunded pension plans, transportation challenges, and downloading of costs from senior levels of government. The document lists several sources that provide more details on these topics.
Paul Young CPA CGA presented on infrastructure issues in the USA. The presentation covered topics such as historical and proposed new infrastructure spending in the USA, the infrastructure gap, supply chain management challenges, and risks. It provided an overview of the Biden administration's plans to increase infrastructure spending and raise corporate taxes to help fund improvements. The presentation included various sources and statistics on infrastructure topics.
What is next for Canada - Throne Speech - September 23, 2020paul young cpa, cga
The document provides an analysis of the Canadian Throne Speech delivered on September 23, 2020. It includes:
- An overview and commentary on key points from the Throne Speech.
- Statistics and data on the current state of the Canadian economy from various sources, including employment levels, housing prices, and sector performance.
- Critiques of previous Liberal government policies on issues like carbon taxation, childcare, infrastructure spending, and concerns around new initiatives proposed in the speech.
- Recommendations for alternative approaches focusing on tax reform, productivity improvements, addressing high costs of living, and ensuring access to raw materials for green technologies.
The document provides an overview of technologies and issues related to supporting the technology sector in Canada. It discusses the top 7 amazing technologies of 2017 including robotics, IoT sensors, 3D medical implants, internet access as a basic right, car sharing, phone implants, and AI in manufacturing. It also lists the top technologies for 2019, fastest growing Canadian companies, characteristics of fast growing companies, and policies that could support technology companies. Challenges facing Canada include sluggish economic growth, lagging adoption of technologies like AI, and the potential for a brain drain.
Summary:
Global economy continues to face many headwinds like new variants or climate change or supply chain disruption or labor shortages or housing costs or high inflation or other geopolitical, fiscal, and economic issues and threats.
1. Income inequality - https://www.theguardian.com/business/2021/dec/07/global-inequality-western-imperialism-super-rich
2. Global Trade - https://www.weforum.org/agenda/2021/12/globalization-world-trade-bounce-back-from-covid-19/
3. Global economy - https://www.cityam.com/outlook-2022-global-economy/
4. Budget deficits - https://www.thebalance.com/u-s-federal-budget-breakdown-3305789
5. Geopolitical risks - https://www.geopoliticalmonitor.com/
6. Labor shortages - https://www.qualtrics.com/blog/labor-shortages/
7. Digital adoption - https://www.fiercetelecom.com/telecom/report-digital-transformation-spending-will-catapult-to-6-8-trillion-by-2023
8. Mega Trends - https://www.ishares.com/us/insights/megatrends-themes-to-watch
9. HR - https://www.gartner.com/en/human-resources/trends/top-priorities-for-hr-leaders
10. Retail spending - https://www.fitchratings.com/research/corporate-finance/fitch-ratings-2022-outlook-us-retail-06-12-2021
2019 Election| infrastructure and Capital Spending| Canada| June 2019paul young cpa, cga
The value of building permits issued by Canadian municipalities declined 3.7% to $8.0 billion in June, largely due to a decrease in the value of multi-family and institutional permits. Six provinces declined, with Alberta accounting for over one-third of the national decrease. Of the provinces posting gains, Nova Scotia reported the largest increase (+32.1%), reflecting gains in the value of residential and commercial permits in Halifax.
2019 Election| Construction| Permits and FDI| Canada | April 2019paul young cpa, cga
The document provides an agenda and overview of topics related to infrastructure and business investment in Canada. It discusses recent building permit numbers, fiscal monitoring, the Canada Infrastructure Bank, GDP and construction trends, issues with the Liberal infrastructure plans, transit funding, foreign direct investment, and business investment. Specific projects reviewed include Montreal transit funding from the Infrastructure Bank and 10 projects under active review. Analysis is also provided on the performance and failures of the Liberal infrastructure program.
The document discusses infrastructure spending and the Canada Infrastructure Bank. It provides background on Paul Young and his expertise. It then outlines Canada's infrastructure plan which commits $81 billion through 2027-2028 for projects like public transit, green infrastructure, and rural/northern communities. $33 billion will be delivered through agreements with provinces/territories. The Infrastructure Bank has $35 billion over 10 years to finance projects and help bridge public-private partnerships. It discusses one $1.28 billion loan to Montreal transit and that the Bank is reviewing 10 potential projects. An annual report outlines the Bank is actively engaging in projects. Finally, it questions whether the Liberal's 2015 election platform is being followed based on numbers.
This document provides a summary and analysis of Canada's fiscal situation in October 2017 by Paul Young CPA, CGA. It includes an agenda with topics such as the fiscal update, employment, GDP, fiscal management, and risks. Employment growth has been strong but tilted towards self-employment. While GDP growth makes Canada the fastest growing G7 economy, some argue this is primarily due to a rebound in oil and not widespread job growth. Fiscal management and deficits under the Liberal government are also discussed and analyzed critically. Consumer confidence declined in September due to concerns around housing and personal finances. Risks mentioned include the upcoming federal carbon tax and its potential economic impacts, NAFTA renegotiations, the housing market, and slow
2019 Election| infrastructure and Capital Spending - Canadapaul young cpa, cga
This document provides an agenda and information on infrastructure and business investment in Canada. It discusses recent building permit values, the Canada Infrastructure Bank, GDP and construction trends, issues with Liberal infrastructure plans, transit funding, foreign direct investment, and the viability of high-speed rail projects. Key points covered include recent increases in non-residential building permits, loans provided by the Infrastructure Bank, criticisms of the Liberal's infrastructure promises and delays in funding, and challenges implementing profitable high-speed rail without subsidies.
Scorecard| Liberal Party of Canada| Fiscal and Economic| paul young cpa, cga
1. The document provides an agenda and analysis of Canada's economic and fiscal performance under Prime Minister Trudeau from November 2015 to April 2020. It covers topics like GDP growth, deficits, housing, job quality, immigration, and recommendations for reform.
2. Key issues discussed include high budget deficits, a lack of transparency and oversight in spending, ethical issues around programs like WE Charity, and the need for reforms to improve transparency, accountability and the supply chain post-COVID.
3. The document argues that while COVID has created major challenges, both the federal and provincial governments need reforms to improve transparency and transform the economy in areas like job quality, immigration and infrastructure.
Infrastructure and Capital Investment| Canada | March 2019paul young cpa, cga
Transits are important to assist with moving people around from one location to another location
There are issues facing transit including the subsidies that government provide to support transit
Building more transit needs to include a proper risk management. There are routes being added that lose moneys which means more government moneys is required to support those routes
Transit needs to look at synergies including consolidation of transit systems within a geographic area
Govt need to bring back the non-refundable tax credit for Transit. This tax credit help the middle class
Do Canadians have trust with Justin Trudeau Government - December 8, 2022.pptxpaul young cpa, cga
Justin Trudeau inherited economy that was growing at 2.3%. Trudeau deficits did little to address issues with innovation, productivity, supply chain resilient, affordable housing, and closing the skills gap. - https://www.slideshare.net/paulyoungcga/how-to-address-competitiveness-for-canada-august-2022pptx
Justin Trudeau has refused to pause his tax hikes despite record breaking inflation. Trudeau policies have hurt many classes of people as well as made Canada less competitive than it was in 2015. The United States is now the #1 jurisdiction for FDI.
Justin Trudeau has done little to address issues with the federalism model Trudeau has created more tension with the provinces by pushing his policies down to provincial level - https://www.slideshare.net/secret/cYR8UmvSodeLZr
Justin Trudeau appears to be on cusp on streamlining regulations for critical metals. The sad thing Trudeau isolation policies have done major damaged to key sectors like agriculture and natural resources - https://www.slideshare.net/secret/gqYiOtNDrWTRUg or https://www.slideshare.net/secret/zN72rrpKFrlis9
United States is seeing revival of their manufacturing sector. Justin Trudeau meanwhile has decided to pick and choose winners and loser in terms who gets direct money from the government - https://www.slideshare.net/secret/vPqAWjO1LQC7iv
Canada already had a vibrant technology sector
Moving ideas from incubation to market takes time and moneys
Trudeau’s has increase taxes (hikes to CPP – 2019 or Carbon Taxation or elimination of tax credits - https://www.slideshare.net/paulyoungcga/middle-class-canada-february-2018
It will take a balance of policies to support economic. It is not one policy that drives the economy. The Liberals see to focus on increase taxes and giving handouts.
CPC in the past supported wide range of policy changes to support business investment - http://mb.cme-mec.ca/?lid=YXN82-W3NF7-IC132&comaction=show&cid=3CWP8-FKASM-JYNFE
Canada needs to development Natural Resources and Agricultural Strategypaul young cpa, cga
Natural resources and Agriculture play a key role in terms of economic wealth and supply chain management. It is important for all levels of government to work together as part of developing effective strategy that will maximize the development of both natural resources and the agriculture sector.
Blog – Construction and Infrastructure – Canada and the World
Canada like many countries still has a sizable infrastructure gap.
1. Average housing price - https://www.ctvnews.ca/canada/canadian-home-prices-have-jumped-21-4-per-cent-since-last-year-survey-finds-1.5624046
2. Infrastructure - https://ucalgary.ca/news/progress-stops-when-we-create-and-dismantle-infrastructure-programs-every-federal-election
3. Climate change - https://www.preventionweb.net/publication/under-water-costs-climate-change-canadas-infrastructure
4. Infrastructure bank - https://www.bnnbloomberg.ca/infrastructure-bank-set-to-badly-miss-spending-goals-pbo-1.1596377
5. Affordability - https://betterdwelling.com/canadian-housing-affordability-is-the-worst-in-30-years-prices-to-flatten-rbc/
6. Solar panels - https://www.solarreviews.com/blog/dont-buy-solar-panels
7. Construction materials - https://www.marketwatch.com/investing/index/djuscn?countrycode=xx
8. Raw Material index - https://tradingeconomics.com/canada/wholesale-prices
9. Funding gaps - https://www.stalberttoday.ca/local-news/bridging-the-municipal-funding-gap-series-problems-on-the-horizon-4329687
10. Infrastructure - https://www.renewcanada.net/feature/what-comes-next-for-canadian-infrastructure/
11. Economic challenges - https://www.theglobeandmail.com/politics/article-12-challenges-facing-the-next-government/
12. Climate change - https://www.hilltimes.com/2021/09/28/the-gathering-storm-building-climate-resilience-requires-innovative-financing/319968
13. gap - https://www.airdrietoday.com/beyond-local/bridging-the-municipal-funding-gap-more-expenditures-same-revenue-sources-4482425
How is Public Transit doing around the World - July 2023.pptxpaul young cpa, cga
Blog – Sector – Transit – Transit Analysis and Commentary for July 2023
In May, 120.8 million passenger trips were made on urban transit networks in Canada. This total represents over three-quarters (77.8%) of the May 2019 level, before the COVID-19 pandemic, the highest recovery rate to date.
Ridership recovery continues
Canada's urban transit networks recorded an estimated 120.8 million rides in May 2023, an increase of 26.0% (+24.9 million trips) from May 2022. This marks more than two years of consecutive monthly year-over-year increases.
With activity and travel behaviour continuing to move toward historic patterns, ridership recovered to 77.8% of the pre-pandemic May 2019 level. While this was the highest rate of recovery since the pandemic, there were still 34.5 million fewer passenger trips in May 2023 compared with the same month in 2019.
On a monthly basis before the pandemic, public transit ridership typically edged down from April to May. Meanwhile, May 2023 saw a 5.8% rise from April.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/230719/dq230719d-eng.htm
Additional sources and links:
Transit funding - https://www.localgov.co.uk/Rural-bus-services-at-historic-low/56564
Green Transit spending - https://finance.yahoo.com/news/governments-canada-newfoundland-labrador-city-151500503.html
ESG - https://www.nasdaq.com/articles/the-rise-of-esg-and-the-importance-of-esg-data
Transit optimization - https://www.masstransitmag.com/technology/facilities/news/53066466/pa-cities-seek-solutions-as-bus-terminals-close-pushing-riders-to-the-curb
Capital costs of net zero buses - https://www.theepochtimes.com/california-to-spend-150-million-to-electrify-school-buses_5407392.html
Capital - https://fuelcellsworks.com/news/harnessing-hydrogen-electricity-wiltshires-stride-towards-green-public-transport/
Fire and buses - https://www.masstransitmag.com/safety-security/article/53066174/expert-insight-safety-priorities-when-implementing-zeroemissions-technology or https://www.essex-fire.gov.uk/news/essex-firefighters-adapt-new-hazards-electric-vehicle-fires
Here is a look at infrastructure spending. The information will help people ask tough questions of their politicians in terms of funding, especially oversight.
Summary:
In March 2022, urban transit ridership continued to grow, with 85.8 million trips taken on Canada's urban transit networks.
As COVID-19 restrictions eased across the country, and many commuters returned to their workplaces on a full time or hybrid basis, passenger volumes have now recovered 52.1% of the March 2019 level, before the pandemic.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220519/dq220519d-eng.htm
Bank of Canada - What is next for Monetary Policies - April 2022 (Revised Mar...paul young cpa, cga
Canada inflation rate hit nearly 7% for March 2022. Canada has one of the highest inflation rates in the G7.
Higher interest rates mean less cash for retail sales
Government continues to push their green agenda driving more green inflation
Canada already had a vibrant technology sector
Moving ideas from incubation to market takes time and moneys
Trudeau’s has increase taxes (hikes to CPP – 2019 or Carbon Taxation or elimination of tax credits - https://www.slideshare.net/paulyoungcga/middle-class-canada-february-2018
It will take a balance of policies to support economic. It is not one policy that drives the economy. The Liberals see to focus on increase taxes and giving handouts.
CPC in the past supported wide range of policy changes to support business investment - http://mb.cme-mec.ca/?lid=YXN82-W3NF7-IC132&comaction=show&cid=3CWP8-FKASM-JYNFE
2019 Election Issues| Municipal and Local Government| Issues and Analysis - M...paul young cpa, cga
Too many elected councilors do not read AG reports or F/S or other reports but are quick to blame provincial government when funding cuts are made.
Business always has to adjust to changes with their customer as such why are municipal govt not doing more gap action work as part of managing their fiscal management cycle.
How is Public Transit doing around the World - August 2023.pptxpaul young cpa, cga
Blog – Large Urban Transit Analysis and Commentary – August 2023
Summary:
Large urban transit ridership for both Canada and the United States continues to hover around 72% capacity.
Budget shortfalls continue to plague municipalities as part of supporting their transit systems.
Spending on green transits continues to grow as part of net zero. Recovering the new capital and maintenance for green transit needs to be part of the integrated planning and reporting cycles
Additional sources and links:
VTA - https://www.masstransitmag.com/management/news/53069776/ca-vta-has-one-of-the-best-transit-recoveries-in-the-nation-but-ridership-is-still-down-from-prepandemic-numbers
NJ Transit - https://www.njspotlightnews.org/2023/08/nj-transit-money-woes-make-fare-hikes-service-cuts-possible/
Green Transit - https://www.stcatharinesstandard.ca/news/niagara-region/new-investments-could-fuel-green-future-for-niagara-transit/article_86e115ee-cd10-578c-b2ef-8b78e5cb604c.html
Green investment - https://www.carboncollective.co/sustainable-investing/green-mutual-fund
Funding gaps - https://www.theglobeandmail.com/canada/article-toronto-is-considering-new-taxes-to-take-on-increasing-fiscal-pressure/
Chicago and Transit - https://www.planetizen.com/news/2023/08/125185-chicago-transit-could-see-consolidated-agencies-fare-systems
Optimization - https://cloudmonitor.ai/how-transport-for-nsw-optimized-their-data-lake-to-reduce-their-opex-costs-by-22-customer-success-story/
Busess - https://www.sustainable-bus.com/news/eu-sales-of-e-buses-increased-by-34-in-first-half-of-2023-according-to-acea/
BC Transit
https://www.sustainable-bus.com/electric-bus/canada-bc-transit-electric-buses-115/
Similar to Canada: What's next for Construction (20)
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptxpaul young cpa, cga
Canadian retail sales dropped 0.3% in August, the first decline since March, as higher interest rates start to impact household budgets. Seven of the nine retail subsectors saw sales increases in July, led by food and beverage retailers, while motor vehicle and parts dealers saw the largest decrease. Excluding autos, retail sales in July rose 1%, double expectations. The report suggests Canadians are tightening spending as more face higher mortgage payments and gas prices due to Bank of Canada rate hikes aimed at slowing inflation.
Addressing issues with the Public Sector Governance Model.pptxpaul young cpa, cga
The key challenges facing Australian business leaders in 2023 include:
1. Talent acquisition, retention and training staff for digital transformation.
2. Implementing successful digital transformation while managing cyber risks.
3. Adapting to changing regulations and reporting requirements.
Health risks from COVID-19, social reputation concerns, and disruptive emerging technologies are also significant social challenges impacting Australian businesses. Over the next 3-5 years, talent management for digitization, cybersecurity, digital transformation, regulatory changes, and identifying new growth opportunities will be the top challenges according to business leaders.
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.
- Canadian manufacturing sales increased 1.6% in July, led by higher sales in food products, petroleum and coal products, and transportation equipment. Paper and plastics sales decreased the most.
- Inventory levels increased slightly while unfilled orders decreased, pointing to a potential slowdown.
- The manufacturing sector in Canada will continue to face challenges such as global economic uncertainty, rising costs, supply chain issues, climate change risks, and skills shortages.
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/
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...paul young cpa, cga
The document provides an overview of key metrics and trends in the logistics, warehousing, distribution, and transportation sector. It includes data on consumer price index, diesel fuel costs, freight indexes, e-commerce sales, retail sales, class 8 truck sales, EPA emissions standards, trailer sales, and tonnage. It also discusses supply chain management solutions like planning analytics, blockchain, and AI assistants. Finally, it touches on topics like infrastructure spending, automation, and ESG reporting.
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...paul young cpa, cga
United States retail sales rose 0.6% in August despite flat sales at internet retailers after Amazon Prime Day. Most of the increase was due to higher gasoline prices. While consumer spending has been strong, higher interest rates and a slowdown in hiring are expected to restrain purchases in the coming months. Forecasters predict the 2023 holiday shopping season could be the weakest in five years due to economic challenges facing consumers. The retail sector continues facing inventory management challenges and social governance issues.
How to improve the Governance Model for the Public Sector - United States - S...paul young cpa, cga
This document provides a summary of strategies to improve governance in government. It discusses factors that impact governance like transparency and accountability. It recommends using performance audits to assess key performance indicators and ensure recommendations are implemented. Other strategies include improving data ethics and literacy, mitigating geopolitical risks, adopting ESG reporting, and using technology like audit analytics and AI to enhance governance. The overall goal is for government to deliver programs and tax policies with value for money and transparency.
This document provides an analysis of the agriculture output and equipment sector for August 2023. It includes discussions of commodity prices, crop estimates, energy prices, food prices, farming incomes, top farming states, food processors, and the role of technology and government in farming. Key points covered include rising input costs challenging farmers, preliminary crop estimates for Canada, volatility in oil and diesel prices impacting farm expenses, and opportunities for data and automation to help address issues in the agriculture industry.
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...paul young cpa, cga
This document provides an overview and agenda for a presentation on the biotech, pharmaceutical, and healthcare sector. It includes:
- An introduction and biography of presenter Paul Young CPA CGA
- An agenda covering topics like vaccine production, drug discovery, innovation in areas like storage and AI, and the life sciences strategy
- Links and summaries of information on these topics, including the top vaccine manufacturers, regulations in Canada, and growth in the pharmaceutical market
The presentation aims to discuss key areas of the biotech/pharmaceutical sector including vaccine development and production, drug discovery, innovation, and strategies for the life sciences industry. Links and outside sources are provided to support the topics in the agenda.
Better Public Safety Management using Analytics - September 2023.pptxpaul young cpa, cga
This document discusses using analytics to improve public safety management. It outlines rising public safety costs for governments and key issues facing policing like complex crimes and accountability. The document presents crime rate data for Canada and discusses building machine learning models in SPSS and dashboards in Cognos Analytics to analyze police data and forecast expenses. Finally, it lists potential next steps for crime in Canada like bail and corrections reforms, gun control, and increased police oversight.
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.
Workforce Planning and Employment Analysis - August 2023.pptxpaul young cpa, cga
The document discusses workforce planning and employment analysis. It provides an overview of employment statistics in the United States, Canada, and Australia. It then discusses Sysco's workforce planning model and the role of the CFO in workforce planning. Finally, it defines autonomous finance as the automation of financial operations through software and algorithms, and provides some key statistics on its adoption.
Global Automotive - Analysis and Commentary - August 2023.pptxpaul young cpa, cga
This presentation provides an overview of key trends in the global automotive sector in August 2023. It discusses 1) sales trends in Canada, the US and globally, 2) the growth of electric vehicles and focus on reducing emissions, and 3) ongoing transformation in the industry through automation, connectivity and new technologies. Sources included discuss topics like electric vehicle production and adoption, public safety issues regarding EV fires, gasoline and car prices, supply chain challenges, and green transitions in transportation.
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
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Enhancing Asset Quality: Strategies for Financial Institutionsshruti1menon2
Ensuring robust asset quality is not just a mere aspect but a critical cornerstone for the stability and success of financial institutions worldwide. It serves as the bedrock upon which profitability is built and investor confidence is sustained. Therefore, in this presentation, we delve into a comprehensive exploration of strategies that can aid financial institutions in achieving and maintaining superior asset quality.
South Dakota State University degree offer diploma Transcriptynfqplhm
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The Impact of Generative AI and 4th Industrial RevolutionPaolo Maresca
This infographic explores the transformative power of Generative AI, a key driver of the 4th Industrial Revolution. Discover how Generative AI is revolutionizing industries, accelerating innovation, and shaping the future of work.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaAmit Kakkar
Discover essential details about Thailand's recent visa policy changes, tailored for tourists and students. Amit Kakkar Easy Visa provides a comprehensive overview of new requirements, application processes, and tips to ensure a smooth transition for all travelers.
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy Visa
Canada: What's next for Construction
1. What’s next for the
Construction Sector –
Canada
PAUL YOUNG CPA, CGA
MAY 25,2020
2. Paul Young - Bio
• CPA, CGA
• Financial Solutions
• SME – Business Process Changes
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
• Academia – Advance Accounting, Public
Finance and Advanced Management
Systems
Contact information:
Paul_Young_CGA@Hotmail.com
3. Agenda
Building Permits – June 2018
Money Flow / Fiscal Management – May 2018
Canada Infrastructure Bank
GDP and Construction
Issues with the Liberal Infrastructure Plans
Transit
Trudeau and the Provinces
FDI – Canada
GDP / Capital Investment
Business Investment
Capital inflow and outflow
VIA Rail and High Speed Rail
Bombardier / Rail
4. Building Permits – March 2020
Source - https://www150.statcan.gc.ca/t1/tbl1/en/cv.action?pid=3410006601#timeframe
5. Gas Tax Funding
Source - https://www.canada.ca/en/department-finance/services/publications/fiscal-
monitor/2020/02.html
6. Canada Infrastructure Bank
Source - https://ontarioconstructionreport.com/a-new-sustainable-model/
The federal government is looking at partnerships through the Investing In Canada Lens. In the 2016 Fall Economic Statement and Budget 2017, the
government gave its long-term vision for its infrastructure plan and committed to invest an additional $81 billion through to 2027-2028 in public transit;
green infrastructure; social infrastructure; trade and transportation infrastructure; and rural and northern communities; and introduced the Smart Cities
Challenge.
Of that money, $33 billion in funding will be delivered through Integrated Bilateral Agreements between the federal government, and each of the province
and territories. And of that $33 billion, $9.2 billion will go towards green infrastructure projects.
• Infrastructure bank and China (infrastructure) - https://globalnews.ca/video/5217703/liberals-defend-250m-investment-in-asian-infrastructure-
bank
• “As for sustainable infrastructure, there was already a Canadian Infrastructure Bank but why stop there? More bureaucratic institutions needed to
be set up. Private capital needed to be “crowded in.” Meanwhile “Cleantech” was a “massive cross cutting opportunity.” Just forget Germany’s
disastrous Energiewende, or Ontario’s Green Energy Act, or a thousand other climate policy snafus. What was needed were more green banks,
more green bonds and more green procurement.” - https://business.financialpost.com/opinion/peter-foster-mark-carney-
and-michael-bloombergs-sustainable-scheme-to-dismantle-canadas-economy
• “Conservative infrastructure critic Luc Berthold tabled an opposition motion on Tuesday that called on Sylvain
Ricard, the acting auditor general, to investigate the Liberal’s sprawling infrastructure spending program, which
has been criticized for what some call a lack of transparency and a failure to jolt the Canadian economy. Members
of Parliament are set to vote on the motion Wednesday afternoon, after a lengthy debate in the House on
Tuesday.”Source - https://edmontonjournal.com/news/opposition-pushes-for-audit-of-trudeaus-187b-
infrastructure-plans-underscoring-weakened-liberal-position-in-house/wcm/edede756-6c8d-4805-9fec-
58f371f7b033/
7. Building Permits / GDP - Construction
Source – Stats Canada - https://www150.statcan.gc.ca/n1/daily-quotidien/190910/dq190910a-eng.htm
8. List of Infrastructure Bank loans
Montreal Transit - https://www.theglobeandmail.com/business/article-
canada-infrastructure-bank-loaning-128-billion-to-montreal-electric/
Project Review - https://www.on-sitemag.com/infrastructure/canada-
infrastructure-bank-actively-engaged-in-reviewing-10-projects-for-
investment/1003961052/
The institution, which was designed to finance Canadian infrastructure that may otherwise not be built, has
been allotted $35 billion in federal funds over the next decade to help bridge the gap between public and
private infrastructure.
Pierre Lavallée, the CIB’s president and CEO, disclosed the engagement process for the 10 potential projects
in a keynote address at the annual conference of the Canadian Council for Public-Private Partnerships in
Toronto Nov. 6.
“We’ve jumped into our investment mandate with both feet,” he said, adding that the bank has also held
discussions on 45 other projects, some of which may also move onto the active engagement phase in the
future.
Pierre Lavallee – Site Mag – November 6, 2018
9. Annual Report / Infrastructure Bank
Source - https://cib-bic.ca/wp-content/uploads/2018/10/CIB_2017-18_AR_English.pdf
10. 2015 Election Platform / Infrastructure
Source - https://www.theglobeandmail.com/news/politics/the-decisions-behind-the-scenes-of-the-liberals-infrastructure-
plan/article26375251/ or https://thetyee.ca/Opinion/2017/02/14/Broken-Liberal-Promises/ or
https://torontosun.com/opinion/columnists/gunter-numbers-are-in-and-trudeaus-infrastructure-plan-is-largely-useless
12. Stats Canada
Large Urban Transit – Ridership (Express in
millions) • Transit Ridership was growing each
year since 2015
• All groups of people are benefiting
from the transit cut
*** Transit is heavily subsidized by Government
13. Trudeau and the Provinces
Source - https://nationalpost.com/pmn/news-pmn/canada-news-pmn/provinces-not-co-
operating-to-get-infrastructure-projects-underway-trudeau
14. Foreign Direct Investment /
FDI
1. Balance of payments have not improved under Trudeau - https://www150.statcan.gc.ca/n1/daily-
quotidien/190228/dq190228a-eng.htm. (Balance of payment show inflow and outflow of capital
2. Despite the changes to tax rate for M&E there has been no boom for capital investment -
https://www.slideshare.net/paulyoungcga/capital-spending-and-tax-policy-canada
3. Oil and Gas sector are key area as 1/3 of exports are oil gas. The new C69 will do nothing in terms of
getting NR projects off the ground - https://www.slideshare.net/paulyoungcga/gdp-canada-february-
2019
4. FDI needs to review to exactly where the investments are being made. You cannot just throw up a link
without the context - https://www.fraserinstitute.org/article/look-how-much-foreign-investment-has-
fled-canada or https://www150.statcan.gc.ca/n1/daily-quotidien/180425/dq180425a-eng.htm or
https://www.slideshare.net/paulyoungcga/2019-election-fdi-foreign-direct-investment-canada
(Wholesale, Insurance and Finance, but not goods producing sector
5. Despite all the clean technology investment there has been flee of investment -
https://business.financialpost.com/commodities/energy/lack-of-canadian-tax-competitiveness-
discourages-even-renewable-energy
6. Trudeau’s policies have led to huge issues with business competitiveness -
https://www.slideshare.net/paulyoungcga/business-competitivesness-canada-march-2019
7. Trudeau’s small business tax reforms have hinder startups -
https://www.slideshare.net/paulyoungcga/2019-election-issues-technology-sector-canada-april-2019
8. Trudeau’s incoherent oil pipelines have cost the GDP billions -
https://www.slideshare.net/paulyoungcga/why-is-it-hard-to-approve-pipelines-canada-april-2019
9. Trudeau GDP growth will be 1.2% for 2019 which is far cry from the 3.0% in 2017. Trudeau’s policies
are failing to support economic growth - https://www.slideshare.net/paulyoungcga/gdp-canada-
february-2019
10. Trudeau said Canada should be known for its resourcefulness and not its’ NR. NR accounts for nearly
11% of GDP - https://www.slideshare.net/paulyoungcga/natural-resources-sector-policy-analysis-
canada-january-2019
11. Construction sector has struggle with many issues, i.e. lack of trades, land issues, slow flow of
infrastructure moneys - https://www.slideshare.net/paulyoungcga/2019-election-construction-and-
business-investment-canada-june-2019
Other sources - https://www.slideshare.net/paulyoungcga/2019-election-fdi-foreign-direct-investment-
canada
16. Business Investment
Source – Fraser Institute - https://www.fraserinstitute.org/studies/capital-investment-in-canada-recent-behaviour-and-implications
19. VIA Rail and High Speed Rail
https://toronto.citynews.ca/2019/06/07/documents-show-federal-push-for-infrastructure-bank-to-back-via-project/
The rail company wants to build a multibillion-dollar new network of dedicated passenger-rail lines in Ontario and Quebec, so its trains
would no longer have to yield to freight trains on borrowed tracks
Facts:
VIA rail already gets a sizable grant from the government - https://media.viarail.ca/en/publications (2017 In 2017 the total grants
(operational and capital funding) were approximately $354M
High speed rail has to be viable - https://www.cbc.ca/news/canada/london/high-speed-rail-1.4915058 - There are other options to fund rail
High speed works in Asia to how the population is distributed – http://www.globaltimes.cn/content/1149608.shtml
High speed rail has been a failure in EU - https://www.ft.com/content/e77dc48e-7894-11e8-8e67-1e1a0846c475 or
https://www.euractiv.com/section/railways/news/eus-high-speed-rail-plan-is-ineffective-unrealistic-say-auditors/
There are financing issues - https://asia.nikkei.com/Business/Business-trends/Catalyst-or-catastrophe-Lessons-from-Asia-s-high-speed-rail-
failures
Summary
The liberals never seem to do proper business cases as such throw money at winning votes and not whether a project is either profitable or
viable without direct government subsidies.
20. FDI - Blog
The reality is your post does not look at all issues with FDI. You cannot post an article unless you are willing to
discuss the details!
Balance of payments have not improve under Trudeau - https://www150.statcan.gc.ca/n1/daily-
quotidien/190228/dq190228a-eng.htm. (Balance of payment show inflow and outflow of capital
Despite the changes to tax rate for M&E there has been no boom for capital investment -
https://www.slideshare.net/paulyoungcga/capital-spending-and-tax-policy-canada
Oil and Gas sector are key area as 1/3 of exports are oil gas. The new C69 will do nothing in terms of getting NR
projects off the ground - https://www.slideshare.net/paulyoungcga/gdp-canada-february-2019
FDI needs to review to exactly where the investments are being made. You cannot just throw up a link without
the context - https://www.fraserinstitute.org/article/look-how-much-foreign-investment-has-fled-canada or
https://www150.statcan.gc.ca/n1/daily-quotidien/180425/dq180425a-eng.htm or
https://www.slideshare.net/paulyoungcga/2019-election-fdi-foreign-direct-investment-canada (Wholesale,
Insurance and Finance, but not goods producing sector
Despite all the clean technology investment there has been flee of investment -
https://business.financialpost.com/commodities/energy/lack-of-canadian-tax-competitiveness-discourages-
even-renewable-energy
Trudeau’s policies have led to huge issues with business competitiveness -
https://www.slideshare.net/paulyoungcga/business-competitivesness-canada-march-2019
Trudeau’s small business tax reforms have hinder startups - https://www.slideshare.net/paulyoungcga/2019-
election-issues-technology-sector-canada-april-2019
Trudeau’s incoherent oil pipelines have cost the GDP billions - https://www.slideshare.net/paulyoungcga/why-is-
it-hard-to-approve-pipelines-canada-april-2019
Trudeau GDP growth will be 1.2% for 2019 which is far cry from the 3.0% in 2017. Trudeau’s policies are failing to
support economic growth - https://www.slideshare.net/paulyoungcga/gdp-canada-february-2019
Trudeau said Canada should be known for its resourcefulness and not its’ NR. NR accounts for nearly 11% of GDP
- https://www.slideshare.net/paulyoungcga/natural-resources-sector-policy-analysis-canada-january-2019
Other sources - https://www.slideshare.net/paulyoungcga/2019-election-fdi-foreign-direct-investment-canada
21. Bombardier /
Rail
https://www.cbc.ca/news/canada/thunder-
bay/bombardier-layoffs-thunder-bay-
1.5206009?fbclid=IwAR2FadkWqKg8pjdwP1F
QDUFTYNPbO0T7vN4edk2zVGO7KQTfexD8B5
bOHxM
Trudeau came to power as such said he would
focus on infrastructure. So, why are transit
system construction so slow? Oops, Trudeau
hates Ford, right?
https://www.therecord.com/news-
story/9288078-trudeau-says-ford-is-
slamming-the-brakes-on-transit-projects/
Trudeau is great at deflecting his failure,
because he owns the media. The reality is so
call big dig for Trudeau never happen!
https://www.slideshare.net/paulyoungcga/ele
ction-transit-canada-april-2019 or
https://www.slideshare.net/paulyoungcga/201
9-election-construction-and-business-
investment-canada-may-2019
22. Blog #2 – Election 2019
@kenthehr can please provide your calculation link? I like to test out your numbers
1. How come there is no funding of the gas tax from Apr to May?
2. FCM has said there are issues with funding, but you say nothing, why?
@tleehumphrey
https://www.slideshare.net/paulyoungcga/2019-election-infrastructure-and-capital-spending-canada-june-2019
23. What’s next
Liberals need to get the money out the door. There has been delays - http://cutaactu.ca/en/news-
media/latest-news/liberals-infrastructure-program-problems-detailed-internal-documents
Liberals are not getting pension fund takers for transit, roads and bridges -
https://www.thestar.com/news/canada/2018/06/01/quebec-pension-fund-seeks-higher-returns-by-
taking-on-transit-project.html
Liberals are doing little get goods out of the ground and to market. C69 needs to be killed
Canada needs to be more competitive with all its policies, i.e. taxation, regulatory environment, etc.
https://www.slideshare.net/paulyoungcga/business-competitivesness-canada-march-2019
The next government needs to streamline the process to get infrastructure dollars out the door.
Post-COVID19 economic options -