Blog – Corporate Profits vs Inflation
There are many factors that go into setting sales price including volume discount, cost of delivery, etc. https://www.gartner.com/en/information-technology/glossary/cost-to-serve
Supply and demand have an enormous influence on prices - https://www.freightwaves.com/news/if-supply-chain-crunch-is-finally-easing-why-is-inflation-so-high
Stimulus and inflation - https://www.ctvnews.ca/business/bank-of-canada-governor-says-economic-stimulus-should-have-stopped-earlier-to-tame-inflation-1.6076297
Inflation act - https://www.bnnbloomberg.ca/trudeau-spending-risks-fuelling-inflationary-fire-cibc-says-1.1816873
More needs to be done to address the systemic issues with inflation
Geopolitical Events|COVID19|Canada and the World| January 29, 2022paul young cpa, cga
Summary:
Viruses are here to say as viruses will continue to mutate.
All levels of government and the private sector need to address issues with the healthcare model.
There needs to strict audits of privacy laws related to vaccines passports.
1. New Variants - https://abcnews.go.com/Health/variants-emerge-us-government-turns-attention-universal-coronavirus/story?id=82469854
2. Variants - https://www.who.int/en/activities/tracking-SARS-CoV-2-variants/
3. Vaccines - https://toronto.ctvnews.ca/why-domestic-vaccine-production-across-canada-is-key-to-controlling-another-pandemic-1.5758924
4. AI and Healthcare - https://www.healthcareitnews.com/news/ai-powered-rpm-can-help-address-rural-neonatal-care-crisis
5. Healthcare - https://www.modernhealthcare.com/politics-policy/watchdog-HHS-failing-public-health-emergencies
6. Convoy - https://globalnews.ca/news/8579418/justin-trudeau-trucker-convoy-violence-ottawa/
7. Food Prices - https://www.azernews.az/region/188532.html
8. GDP - https://finance.yahoo.com/news/2021-u-gdp-growth-best-130001935.html
9. Immune and Gene Therapy - https://www.elevate.bio/
10. Commodity - https://ihsmarkit.com/research-analysis/weekly-pricing-pulse-commodity-price-strength-continues-as-oil.html
11. Monitoring - https://www.mccarthy.ca/en/insights/blogs/techlex/privacy-commissioners-comment-vaccine-passports
12. Privacy laws - https://www.natlawreview.com/article/data-privacy-day-around-world-data-privacy-day-january-28-2022
13. Digital healthcare - https://financialpost.com/pmn/business-pmn/digital-healthcare-group-etao-to-go-public-via-2-5-bln-spac-deal
14. Drug costs - https://www.medpagetoday.com/publichealthpolicy/generalprofessionalissues/96924
Summary:
There was a budgetary deficit of $3.9 billion in July 2022, compared to a deficit of $10.9 billion in July 2021. The budgetary deficit before net actuarial losses was $3.0 billion, compared to a deficit of $9.6 billion in the same period of 2021-22. The budgetary balance before net actuarial losses is intended to supplement the traditional budgetary balance and improve the transparency of the government’s financial reporting by isolating the impact of the amortization of net actuarial losses arising from the revaluation of the government’s pension and other employee future benefit plans.
As expected, the government’s 2022-23 financial results continue to improve compared to the peak of the COVID-19 crisis and the unprecedented level of temporary COVID-19 response measures at the time.
Source – Government of Canada
Bank of Canada - What is next for Monetary Policies - June 2022.pptxpaul young cpa, cga
Last month Deputy Governor Gravelle described the bank’s 1% overnight rate as “too stimulative” and the same could be said of today’s 1.5%. Indeed, the policy statement noted that with the economy in excess demand and inflation well above target and still yet to peak, “interest rates will need to rise further.” It finished by saying the bank is “prepared to act more forcefully if needed”—that’s not new language for the BoC but it’s new to the policy statement.
Source - https://ca.rbcwealthmanagement.com/103.branch/blog/3368558-Bank-of-Canada-hikes-interest-rates-another-50-bps-and-isnt-done-yet
Geopolitical Events|COVID19|Canada and the World| January 7, 2022paul young cpa, cga
Summary:
Healthcare systems continue to struggle with new variants. All levels of government need to rethink all aspects of its healthcare delivery model.
More emphasis needs to be on improving the immune systems, gene therapy, and better crisis management reporting.
1. COVID Variants and Global GDP – https://www.theguardian.com/business/2022/jan/01/global-economy-growth-forecast-2022-inflation
2. Healthcare system - https://nationalpost.com/opinion/sabrina-maddeaux-canadas-constantly-collapsing-health-care-system-is-no-match-for-the-pandemic
3. Healthcare system - https://www.theatlantic.com/health/archive/2022/01/omicron-mild-hospital-strain-health-care-workers/621193/
4. Global threats - https://www.wtvy.com/2022/01/03/next-global-health-crisis-may-lurk-antibiotic-resistant-bacteria/
5. Crisis Management - https://www.barrons.com/articles/covid-crisis-lessons-for-the-u-s-how-to-handle-the-next-pandemic-better-51641581199
6. Viruses - https://www.yourvalley.net/stories/nichols-cdc-fauci-have-failed-to-find-virus-treatment,279395
7. Immune system - https://techcrunch.com/2022/01/04/the-convergence-of-deep-neural-networks-and-immunotherapy/
8. Data and AI - https://theconversation.com/when-researchers-dont-have-the-proteins-they-need-they-can-get-ai-to-hallucinate-new-structures-173209
9. Variants - https://www.deseret.com/u-s-world/2022/1/6/22868304/omicron-variant-symptoms-next-major-covid-19-variant
10. Gene therapy - https://www.marketwatch.com/press-release/regenerative-medicine-market-recovery-and-impact-analysis-research-report-2022-2027-2022-01-03?tesla=y
What is next for Monetary Policies - Canada - September 2022.pptxpaul young cpa, cga
Blog – What is next for Monetary Policies – Canada – September 2022
Canada has struggled with productivity issues for over 20 years. The liberals have done little address productivity including making changes to tax code related to capital cost allowance, R&D credits, training credits, etc.
Canada lock down strategy and stimulus has led to higher inflation. Liberals never had a plan to pull back on the stimulus through targeted measures that would better support improving supply chain, productivity, skills gap, and innovation
Canadian dollar has hit a two-year low,
Canada housing market was artificially kept high for years. The housing prices continue to fall.
Canada needs to revamp its tax and regulatory policies as part of getting goods out of the ground to market
Canada - Fiscal Management - Deficit and Debt - March 2022.pptxpaul young cpa, cga
Federal fiscal deficit hit nearly 96B for the FY ending March 2022
OPP costs continue to plague municipal and local government budgets
More needs to be done from all levels of government to mitigate the impacts of climate change
All levels of government need to address issues with housing
Governments need to start looking at the operational model as part of managing costs.
All levels of government need revisit tax policies to ensure fairness.
More needs to be done to address skill gaps and economic development
More needs to be done to address issues with healthcare wait times
Better alignment of education with the jobs of today and tomorrow
Summary:
The federal government ran a budget deficit of $73.7 billion for the April to November period of the current fiscal year.
The Finance Department says the result compared with a deficit of $232 billion in the same period a year earlier.
Source - https://www.advisor.ca/news/economic/eight-month-deficit-feds-spent-73-7-billion-more-than-they-took-in/
1. YTD deficit of $73B - https://infotel.ca/newsitem/fiscal-monitor/cp2130154807
2. Currency - https://www.reuters.com/article/canada-forex/canada-fx-debt-c-posts-biggest-weekly-decline-since-august-on-risk-aversion-idUKL1N2U829F
3. GDP - https://betterdwelling.com/bank-of-canada-quietly-revised-its-gdp-forecast-to-show-a-larger-housing-contraction/
4. Green inflation - https://euobserver.com/climate/154220
5. Trade - https://worldrepublicnews.com/united-states-defeats-canada-in-first-dispute-under-new-north-american-trade-pact/
6. Skills gaps - https://worldrepublicnews.com/united-states-defeats-canada-in-first-dispute-under-new-north-american-trade-pact/
7. Input Costs / AG - https://www.agweb.com/news/crops/planting/farming-input-costs-are-rising-how-producers-are-managing-risk
8. Middle class taxes - https://www.agweb.com/news/crops/planting/farming-input-costs-are-rising-how-producers-are-managing-risk
9. Wealth taxes - https://financesofthenation.ca/2022/01/26/why-wont-canada-increase-taxes-on-capital-gains-of-the-wealthiest-families/
10. Value for money - https://www.thespec.com/opinion/contributors/2022/01/26/value-for-money-audit-could-unlock-police-ingenuity-creativity-and-innovation.html
11. Funding transit - https://fcm.ca/en/news-media/news-release/big-city-mayors-federal-government-public-transit-needs-our-help
12. What plans?
a. https://www.canada.ca/en/innovation-science-economic-development/news/2022/01/government-of-canada-delivers-on-commitment-to-reduce-cell-phone-wireless-plans-by-25.html
i. This is misleading because it is based on plans. https://www.iphoneincanada.ca/carriers/rogers/rogers-telus-bell-have-lowered-cellphone-plans-by-25-as-agreed-says-ottawa/
1. If you renew your plan than you will see different rates due to what is being offered.
Inflation (Cost of Living) - United States - September 2022.pptxpaul young cpa, cga
Summary:
US consumer price inflation surprised on the upside once again as rapid increases in housing costs, medical care, food and airline fares offset signs of moderation elsewhere. The Fed has admitted it is prepared to inflict economic pain to get a grip on inflation and today's report will ensure at least another 75bp rate hike in November and 50bp in December
Source - https://think.ing.com/articles/40-year-high-for-us-core-inflation-heaps-pressure-on-the-fed/
Geopolitical Events|COVID19|Canada and the World| January 29, 2022paul young cpa, cga
Summary:
Viruses are here to say as viruses will continue to mutate.
All levels of government and the private sector need to address issues with the healthcare model.
There needs to strict audits of privacy laws related to vaccines passports.
1. New Variants - https://abcnews.go.com/Health/variants-emerge-us-government-turns-attention-universal-coronavirus/story?id=82469854
2. Variants - https://www.who.int/en/activities/tracking-SARS-CoV-2-variants/
3. Vaccines - https://toronto.ctvnews.ca/why-domestic-vaccine-production-across-canada-is-key-to-controlling-another-pandemic-1.5758924
4. AI and Healthcare - https://www.healthcareitnews.com/news/ai-powered-rpm-can-help-address-rural-neonatal-care-crisis
5. Healthcare - https://www.modernhealthcare.com/politics-policy/watchdog-HHS-failing-public-health-emergencies
6. Convoy - https://globalnews.ca/news/8579418/justin-trudeau-trucker-convoy-violence-ottawa/
7. Food Prices - https://www.azernews.az/region/188532.html
8. GDP - https://finance.yahoo.com/news/2021-u-gdp-growth-best-130001935.html
9. Immune and Gene Therapy - https://www.elevate.bio/
10. Commodity - https://ihsmarkit.com/research-analysis/weekly-pricing-pulse-commodity-price-strength-continues-as-oil.html
11. Monitoring - https://www.mccarthy.ca/en/insights/blogs/techlex/privacy-commissioners-comment-vaccine-passports
12. Privacy laws - https://www.natlawreview.com/article/data-privacy-day-around-world-data-privacy-day-january-28-2022
13. Digital healthcare - https://financialpost.com/pmn/business-pmn/digital-healthcare-group-etao-to-go-public-via-2-5-bln-spac-deal
14. Drug costs - https://www.medpagetoday.com/publichealthpolicy/generalprofessionalissues/96924
Summary:
There was a budgetary deficit of $3.9 billion in July 2022, compared to a deficit of $10.9 billion in July 2021. The budgetary deficit before net actuarial losses was $3.0 billion, compared to a deficit of $9.6 billion in the same period of 2021-22. The budgetary balance before net actuarial losses is intended to supplement the traditional budgetary balance and improve the transparency of the government’s financial reporting by isolating the impact of the amortization of net actuarial losses arising from the revaluation of the government’s pension and other employee future benefit plans.
As expected, the government’s 2022-23 financial results continue to improve compared to the peak of the COVID-19 crisis and the unprecedented level of temporary COVID-19 response measures at the time.
Source – Government of Canada
Bank of Canada - What is next for Monetary Policies - June 2022.pptxpaul young cpa, cga
Last month Deputy Governor Gravelle described the bank’s 1% overnight rate as “too stimulative” and the same could be said of today’s 1.5%. Indeed, the policy statement noted that with the economy in excess demand and inflation well above target and still yet to peak, “interest rates will need to rise further.” It finished by saying the bank is “prepared to act more forcefully if needed”—that’s not new language for the BoC but it’s new to the policy statement.
Source - https://ca.rbcwealthmanagement.com/103.branch/blog/3368558-Bank-of-Canada-hikes-interest-rates-another-50-bps-and-isnt-done-yet
Geopolitical Events|COVID19|Canada and the World| January 7, 2022paul young cpa, cga
Summary:
Healthcare systems continue to struggle with new variants. All levels of government need to rethink all aspects of its healthcare delivery model.
More emphasis needs to be on improving the immune systems, gene therapy, and better crisis management reporting.
1. COVID Variants and Global GDP – https://www.theguardian.com/business/2022/jan/01/global-economy-growth-forecast-2022-inflation
2. Healthcare system - https://nationalpost.com/opinion/sabrina-maddeaux-canadas-constantly-collapsing-health-care-system-is-no-match-for-the-pandemic
3. Healthcare system - https://www.theatlantic.com/health/archive/2022/01/omicron-mild-hospital-strain-health-care-workers/621193/
4. Global threats - https://www.wtvy.com/2022/01/03/next-global-health-crisis-may-lurk-antibiotic-resistant-bacteria/
5. Crisis Management - https://www.barrons.com/articles/covid-crisis-lessons-for-the-u-s-how-to-handle-the-next-pandemic-better-51641581199
6. Viruses - https://www.yourvalley.net/stories/nichols-cdc-fauci-have-failed-to-find-virus-treatment,279395
7. Immune system - https://techcrunch.com/2022/01/04/the-convergence-of-deep-neural-networks-and-immunotherapy/
8. Data and AI - https://theconversation.com/when-researchers-dont-have-the-proteins-they-need-they-can-get-ai-to-hallucinate-new-structures-173209
9. Variants - https://www.deseret.com/u-s-world/2022/1/6/22868304/omicron-variant-symptoms-next-major-covid-19-variant
10. Gene therapy - https://www.marketwatch.com/press-release/regenerative-medicine-market-recovery-and-impact-analysis-research-report-2022-2027-2022-01-03?tesla=y
What is next for Monetary Policies - Canada - September 2022.pptxpaul young cpa, cga
Blog – What is next for Monetary Policies – Canada – September 2022
Canada has struggled with productivity issues for over 20 years. The liberals have done little address productivity including making changes to tax code related to capital cost allowance, R&D credits, training credits, etc.
Canada lock down strategy and stimulus has led to higher inflation. Liberals never had a plan to pull back on the stimulus through targeted measures that would better support improving supply chain, productivity, skills gap, and innovation
Canadian dollar has hit a two-year low,
Canada housing market was artificially kept high for years. The housing prices continue to fall.
Canada needs to revamp its tax and regulatory policies as part of getting goods out of the ground to market
Canada - Fiscal Management - Deficit and Debt - March 2022.pptxpaul young cpa, cga
Federal fiscal deficit hit nearly 96B for the FY ending March 2022
OPP costs continue to plague municipal and local government budgets
More needs to be done from all levels of government to mitigate the impacts of climate change
All levels of government need to address issues with housing
Governments need to start looking at the operational model as part of managing costs.
All levels of government need revisit tax policies to ensure fairness.
More needs to be done to address skill gaps and economic development
More needs to be done to address issues with healthcare wait times
Better alignment of education with the jobs of today and tomorrow
Summary:
The federal government ran a budget deficit of $73.7 billion for the April to November period of the current fiscal year.
The Finance Department says the result compared with a deficit of $232 billion in the same period a year earlier.
Source - https://www.advisor.ca/news/economic/eight-month-deficit-feds-spent-73-7-billion-more-than-they-took-in/
1. YTD deficit of $73B - https://infotel.ca/newsitem/fiscal-monitor/cp2130154807
2. Currency - https://www.reuters.com/article/canada-forex/canada-fx-debt-c-posts-biggest-weekly-decline-since-august-on-risk-aversion-idUKL1N2U829F
3. GDP - https://betterdwelling.com/bank-of-canada-quietly-revised-its-gdp-forecast-to-show-a-larger-housing-contraction/
4. Green inflation - https://euobserver.com/climate/154220
5. Trade - https://worldrepublicnews.com/united-states-defeats-canada-in-first-dispute-under-new-north-american-trade-pact/
6. Skills gaps - https://worldrepublicnews.com/united-states-defeats-canada-in-first-dispute-under-new-north-american-trade-pact/
7. Input Costs / AG - https://www.agweb.com/news/crops/planting/farming-input-costs-are-rising-how-producers-are-managing-risk
8. Middle class taxes - https://www.agweb.com/news/crops/planting/farming-input-costs-are-rising-how-producers-are-managing-risk
9. Wealth taxes - https://financesofthenation.ca/2022/01/26/why-wont-canada-increase-taxes-on-capital-gains-of-the-wealthiest-families/
10. Value for money - https://www.thespec.com/opinion/contributors/2022/01/26/value-for-money-audit-could-unlock-police-ingenuity-creativity-and-innovation.html
11. Funding transit - https://fcm.ca/en/news-media/news-release/big-city-mayors-federal-government-public-transit-needs-our-help
12. What plans?
a. https://www.canada.ca/en/innovation-science-economic-development/news/2022/01/government-of-canada-delivers-on-commitment-to-reduce-cell-phone-wireless-plans-by-25.html
i. This is misleading because it is based on plans. https://www.iphoneincanada.ca/carriers/rogers/rogers-telus-bell-have-lowered-cellphone-plans-by-25-as-agreed-says-ottawa/
1. If you renew your plan than you will see different rates due to what is being offered.
Inflation (Cost of Living) - United States - September 2022.pptxpaul young cpa, cga
Summary:
US consumer price inflation surprised on the upside once again as rapid increases in housing costs, medical care, food and airline fares offset signs of moderation elsewhere. The Fed has admitted it is prepared to inflict economic pain to get a grip on inflation and today's report will ensure at least another 75bp rate hike in November and 50bp in December
Source - https://think.ing.com/articles/40-year-high-for-us-core-inflation-heaps-pressure-on-the-fed/
Canada - Fiscal Management - Deficit and Debt - May 2022.pptxpaul young cpa, cga
Blog – Public Sector – What is next for Canada – June 2022
The federal public services have expanded by over 50K job and yet there are backlogs with passports, immigration, and other areas of government
Federal government deficits pre-covid nineteen did little to address productivity, innovation, skills gaps, and affordable housing.
Canada per capita GDP trails other countries like Qatar https://georank.org/economy/canada/qatar and Australia https://georank.org/economy/australia/canada
Canada continues to struggle with high inflation - https://www.cbc.ca/news/politics/chrystia-freeland-inflation-1.6501750
Blog – What is next for the Global GDP – August 2023
The global economy is showing signs of improvement but remains fragile. Global GDP growth in 2023 is projected at 2.6%, the lowest annual rate since the global financial crisis, with the exception of the 2020 pandemic period. A modest improvement to 2.9% is foreseen for 2024.
There has been some respite: lower energy prices are helping to bring down headline inflation, and the earlier-than-expected reopening of China has provided a boost to global activity. However, the impact of higher interest rates is increasingly being felt across the economy.
High inflation and slow wage growth pushed real wages down in 2022, but these are projected to stop declining in most OECD countries over the course of 2023.
With these falls in real wages and a still tight labour market, nominal wage growth is projected to be just over 4% in the overall OECD area in 2023, before moderating to around 3.5% in 2024.
https://www.oecd.org/coronavirus/en/themes/global-economy
Additional sources and links:
Oil Production - https://globalnews.ca/news/9932960/oil-and-gas-sector-says-new-data-shows-it-can-both-hike-output-and-lower-emissions/ or https://www.reuters.com/article/global-oil-idAFL1N3AD027
LNG / Natural Gas - https://www.fxstreet.com/news/natural-gas-price-analysis-xng-usd-grinds-at-multi-day-top-focus-on-305-and-us-employment-data-202309010216
Lithium - https://agmetalminer.com/2023/08/31/lithium-battery-market-volatility/
Technology - https://finance.yahoo.com/news/bull-market-tech-stocks-sector-221421282.html
Base metals - https://www.bnnbloomberg.ca/base-metals-trade-mixed-with-chinese-and-us-economy-in-focus-1.1965922
Lumber - https://www.netnewsledger.com/2023/08/29/the-future-of-lumber-prices-in-canada-a-look-ahead/
EV - https://www.motor.com/2023/08/warning-signs-on-the-path-to-mass-ev-adoption/?utm_source=rss&utm_medium=rss&utm_campaign=warning-signs-on-the-path-to-mass-ev-adoption
Supply Chain - https://www.forexlive.com/news/canada-august-sp-global-pmi-480-vs-496-prior-20230901/ or https://www.automation.com/en-us/articles/august-2023/strategies-strengthening-supply-chains-2023
Food supply and prices - https://www.emerald.com/insight/content/doi/10.1108/OXAN-DB281606/full/html
Productivity - https://www.reuters.com/business/post-pandemic-world-facing-gloomy-stew-debt-trade-wars-poor-productivity-2023-08-28/
Innovation – https://digileaders.com/the-crucial-role-of-an-innovation-strategy/
Capital Spending - https://www.bnnbloomberg.ca/japan-firms-cut-capital-spending-for-first-time-in-over-year-1.1965955
Blog – Durable Goods and Capital Spending Analysis – August 2023 - https://www.linkedin.com/posts/paul-young-055632b_durable-goods-orders-tumble-why-its-not-activity-7100500285860573185-3emi?utm_source=share&utm_medium=member_desktop
There was a budgetary deficit of $3.7 billion in October 2021, compared to a deficit of $18.5 billion in October 2020. The budgetary deficit before net actuarial losses and gains was $5.4 billion, compared to a deficit of $17.2 billion in the same period of 2020–21. The budgetary balance before net actuarial losses and gains is intended to supplement the traditional budgetary balance and improve the transparency of the government's financial reporting by isolating the impact of the amortization of net actuarial losses and gains arising from the revaluation of the government's pension and other employee future benefit plans
Source - https://www.canada.ca/en/department-finance/services/publications/fiscal-monitor/2021/10.html
1. Fiscal update - https://rabble.ca/politics/canadian-politics/feds-fiscal-update-is-all-about-covid-but-does-too-little-to-address-root-cause/
2. Housing - https://betterdwelling.com/canadian-real-estate-prices-forecast-to-rise-while-incomes-fall-fitch-ratings/
3. Fitch - https://www.fitchratings.com/research/international-public-finance/canadian-provinces-rebound-in-2022-debt-bears-watching-13-12-2021
4. Food costs - https://www.fitchratings.com/research/international-public-finance/canadian-provinces-rebound-in-2022-debt-bears-watching-13-12-2021
5. Income and food costs - https://globalnews.ca/video/8458094/most-canadians-dont-believe-their-income-will-keep-up-with-rising-food-prices/amp/
6. 2B trees - https://www.cbc.ca/news/politics/canada-trees-planting-climate-1.6288938
7. Critical metals - https://www.sudbury.com/beyond-local/mining-the-future-canadas-high-hopes-to-become-a-global-critical-mineral-powerhouse-4870557
8. China - https://www.theglobeandmail.com/business/commentary/article-china-is-buying-up-the-critical-green-revolution-minerals-sector-in/
9. LNG - https://thenarwhal.ca/bc-last-lng-project/
10. Oil Production - https://financialpost.com/executive/executive-summary/posthaste-canada-set-to-smash-oil-production-record-in-2022-and-thats-a-little-bearish-for-oil
11. Manufacturing - https://www.conferenceboard.ca/insights/featured/canadian-economics/manufacturing-sales-show-signs-of-life
The federal government ran a deficit of nearly $69 billion over the first half its fiscal year, almost $130 billion less than the treasury pumped out during the same stretch one year earlier.
The Finance Department’s fiscal monitor says the budgetary deficit between April and September was $68.6 billion, down from the $198.1 billion recorded over the same months in 2020 when Covid-19 first struck.
Source - https://www.advisor.ca/news/economic/federal-deficit-hits-nearly-69b-over-first-half-of-fiscal-year/
1. Deficit / Canada - https://www.reuters.com/markets/rates-bonds/canada-records-c6857-bln-budget-deficit-over-first-six-months-202122-2021-11-26/
2. BOC / qualitative easing - https://www.bankofcanada.ca/2021/11/financial-stability-through-the-pandemic-and-beyond/
3. Inflation - https://financialpost.com/opinion/philip-cross-government-is-driving-inflation
4. Household debt - https://www.consolidatedcreditcanada.ca/financial-news/household-debt/
5. https://twitter.com/EvanLSolomon/status/1464071997286232100 Hey Evan - Sep/19 also seen higher inflation compared to Oct/15 but there was no comment from you back in Sep/19, why? https://www.slideshare.net/paulyoungcga/2019-election-cost-of-living-canada-june-2019 There was also no comment how GDP growth went from 3.0% (2017) to 1.6% (2019), right? https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp
6. Interest rates - https://www.bloomberg.com/news/articles/2021-10-27/bank-of-canada-accelerates-potential-timing-of-rate-hikes
7. Housing - https://theconversation.com/want-to-solve-the-housing-crisis-address-super-charged-demand-169809
8. Consumer spending - https://thoughtleadership.rbc.com/rbc-consumer-spending-tracker/
9. Infrastructure bank - https://canada.constructconnect.com/dcn/news/projects/2021/11/cib-hits-its-stride-with-20-projects-in-its-portfolio
10. https://globalnews.ca/news/8404028/prime-minister-justin-trudeau-bc-flood-zone/ Is @JustinTrudeau taking his surfboard? Many of us already know it will be lots of word salad and little said about all levels of government failing to safeguard assets! https://www.slideshare.net/paulyoungcga/crisis-and-emergency-management-risk-management-how-best-to-manage-risk
Bank of Canada| What is next for Canada's Monetary Policiespaul young cpa, cga
“Having said that, we knew that Omicron-induced restrictions will undoubtedly slow the economic recovery, making the Bank of Canada cautious. An increase in rates when two of Canada’s biggest provinces are under strict restrictions might have sent the wrong signals.”
Source - https://financialpost.com/news/economy/bank-of-canada-interest-rate-decision-0126-22
1. Canada household debt - https://www.bnnbloomberg.ca/pattie-lovett-reid-are-you-going-to-get-hurt-by-higher-rates-it-doesn-t-have-to-be-that-way-1.1714123
2. Productivity - https://abacusdata.ca/shortage-economy-canada-polling/
3. Business investment - https://www.saltwire.com/nova-scotia/news/canada/will-rate-hikes-dampen-canadas-already-lacklustre-business-investment-100685123/
4. Startups - https://financialpost.com/sponsored/business-sponsored/embracing-entrepreneurship-for-all-to-drive-canadas-innovation-economy-forward
5. AI - https://stories.td.com/ca/en/news/2022-01-26-td-builds-on-commitment-to-advance-ai-with-early-renewal-of
6. Skills - https://stories.td.com/ca/en/news/2022-01-26-td-builds-on-commitment-to-advance-ai-with-early-renewal-of
7. Supply chain - https://www.cips.org/supply-management/news/2022/january/covid-clampdown-guarantees-supply-chain-disruption/
8. Freight - https://www.fm-magazine.com/news/2022/jan/freight-rates-wont-ease-2022.html
9. Career - https://smartasset.com/data-studies/best-jobs-that-dont-require-a-bachelors-degree-2022
10. Trades - https://www.cimmigrationnews.com/canada-needs-to-reform-immigration-system-to-help-skill-trades-says-ontario-organization/
11. Business automation - https://www.forbes.com/sites/forbestechcouncil/2022/01/25/why-manufacturing-automation-should-dominate-the-2022-business-agenda/?sh=24b98668176e
What is next for Monetary Policies - Canada - October 2022.pptxpaul young cpa, cga
Blog – What is next for Monetary Policies – Canada – October 2022
Inflation especially food costs continue to impact global consumers. Countries like Canada have targeted an inflation rate of 2.1%. The current inflation rate is about 6.9%, or about three times the target rate. Canada is schedule to hike payroll taxes and carbon taxes in 2023 - https://www.cbc.ca/news/canada/newfoundland-labrador/ken-mcdonald-carbon-tax-exemption-home-heating-1.6628460
Housing prices continue to fall. Housing affordability continues to be challenge for people around the world - https://www.bnnbloomberg.ca/the-daily-chase-looking-ahead-toward-boc-announcement-canopy-looks-to-grow-u-s-footprint-1.1836958
Slower demand has improved port throughput, but there are still issues with lack of capacity to manage exports and imports. https://www.manilatimes.net/2022/10/26/business/maritime/iaph-takes-steps-to-close-port-gaps/1863673
Canada was seeing slow growth back in 2019. The Liberals policies did little to address issues with innovation, skills, productivity, regulations, and tax reforms. Liberals decided to focus on bigger government! https://www.slideshare.net/paulyoungcga/201-election-canada-and-world-slow-economic-growth-august-2019
BOC and other reserve banks need to think extremely hard about rising of interest rates. The threat of global recession grows each day. BOC would be better off to pause interest rates and look at other areas of policies as part of managing monetary government. The federal government should be focus on drastic policy changes including pausing all new tax hikes including hikes to CPP, EI, and carbon tax. The focus should be on addressing issues with port capacity, promoting more innovation, productivity improvements, skills gap, housing supply, and streamlining of taxation and regulations as it relates to the goods-producing sector.
Canada - Fiscal Management - Deficit and Debt - May 2022.pptxpaul young cpa, cga
Summary
Canada projected a 12B deficit for FY 2023. The current surplus of $5B is primarily to do with higher revenue and lower expenses being paid out. The economy is about hit major headway as such taxes should start to drop over the next 5-6 months. Government expenses will likely grow over the next few months.
Canada - Fiscal Management - Deficit and Debt - January 2022.pptxpaul young cpa, cga
Canada heads to a very difficult time with a government that solely focus on its progressive agenda and climate change. The government continues push forward with new programs despite a structural deficit that has not been addressed since the December 2019.
Summary:
Countries around the world are re-open while other countries like Canada continue with their vaccine’s mandates. Canada has over 90% of its population vaccinated.
Trudeau has called the trucker occupation as a illegal - https://www.nytimes.com/live/2022/02/12/world/canada-protest-trudeau
People want their freedoms back - https://www.politico.com/news/2022/02/11/biden-trudeau-convoy-protest-00008358. State, Provincial, local, and federal governments are worried about the damage this will do to their various voter bases.
Summary:
Canada’s economic expansion showed signs of moderation in May and June, pulling back from a strong start to the year in the face of high inflation and rising interest rates.
Output in June was on track for a small increase of 0.1 per cent after stalling in May, Statistics Canada said on Friday. That follows three months of strong growth between February and April that helped fuel a robust expansion in the second quarter, which the agency estimated at about 4.6 per cent annualized.
The results show a picture of an economy that was unscathed from the global slowdown in the first part of the year but may be entering a period of much slower growth.
The Bank of Canada has raised its benchmark policy rate by more than two percentage points since March to slow four-decade high inflation, and is expected to continue hiking by at least another half-percentage point at its next policy decision in September
Source - https://www.bnnbloomberg.ca/canada-s-economy-stalled-in-may-1.1798830
Geopolitics - Risk and Threats - Variants and Disease Management - August 27,...paul young cpa, cga
Blog – Geopolitical Risks and Threats – Future Pandemics and Viruses – August 27, 2022
All levels of government need to establish short-term and long-term plans to address the healthcare delivery model.
Seniors continue to face many challenges including high cost of living and access to affordable housing. Federal government if they were serious would raise the GIS threshold from 19K to 40K.
It is time to get serious about assisted living and retirement living for seniors. Housing costs continue to be an issue! Little is said by all levels of government looking at their vacant/abandon properties as way to build more affordable housing.
Little is said about how best to boost immune system through better dieting practices.
Little is said about developing more health and wellness programs for every age group as part of encouraging a healthy lifestyle
Telling people to continue to take vaccines is no long-term solution to battling future viruses and pandemics.
Summary:
The world continues to face challenges as it relates to spreading of viruses. More needs to be done to mitigate the spread of viruses through better policies from WHO.
The world also needs to ensure local manufacturing of critical supplies is done locally including PPE, vaccines, etc.
All levels government need to have business resiliency plans for all their agencies and GBE as part building better emergency and risk management policies and plans.
1. Omicron virus and WHO - https://www.npr.org/sections/coronavirus-live-updates/2021/12/15/1064432010/omicron-spread-variant-coronavirus
2. Healthcare systems - https://hbr.org/2021/12/5-critical-priorities-for-the-u-s-health-care-system
3. CDC has said more variants will occur as viruses will mutate - https://www.cdc.gov/coronavirus/2019-ncov/variants/about-variants.html
4. Travel - https://ca.movies.yahoo.com/europeans-reimpose-restrictions-omicron-sweeps-124035688.html
5. Spread - https://www.theguardian.com/world/2021/dec/18/who-says-omicron-in-89-countries-and-spreading-rapidly
6. 2022 outlook - https://www.just-drinks.com/features/whats-in-store-for-2022-a-sector-by-sector-outlook-analysis/
7. Annual flu shots for COVID19 - https://www.cnbc.com/2021/12/17/pfizer-executives-say-covid-could-become-endemic-by-2024.html
8. Pandemic - https://www.gavi.org/vaccineswork/10-reasons-why-pandemic-fatigue-could-threaten-global-health-2021
9. Supply chain - https://www.post-gazette.com/business/career-workplace/2021/12/18/Supply-chain-hell-ignites-economic-boom-along-U-S-Mexico-border/stories/202112190034
10. AI and drugs - https://www.advisory.com/blog/2021/12/pandemic-technology
Bank of Canada hikes interest rates to combat High Inflation and High cost of...paul young cpa, cga
Summary:
High inflation is here to stay for awhile due to failed agendas of government.
Mitigating climate change is very important. The mitigation should be done through better policy including how to best support cheap energy costs. The focus should also be on policies and programs that support the green and circular economy.
Canada has lost it ways when it comes to encouraging innovation within the private and public sector. Trudeau policies have been a failure!
Liberals around the world should revisiting their so-called carbon pricing schemes. There is a better approach to protecting the environment while growing the economy in a sustainable way. https://www.slideshare.net/paulyoungcga/how-the-public-and-private-sector-can-better-supoort-the-circular-and-green-economies
Housing costs continue to rise! https://www.ctvnews.ca/business/interest-rate-hike-won-t-cool-housing-say-experts-1.5802515
1. Interest rates - https://wowa.ca/bank-of-canada-interest-rate
2. First interest hike since 2018 - https://www.bnnbloomberg.ca/bank-of-canada-hikes-rates-for-first-time-since-2018-1.1731177
3. Inflation - https://globalnews.ca/news/8654004/canada-interest-rate-hike-march-2022/
4. Inflation - https://www.bnnbloomberg.ca/boc-will-have-to-kill-the-economy-to-crush-inflation-rosenberg-1.1731579
5. UBI - https://www.ubiworks.ca/howtopay
6. Green inflation - https://www.advisor.ca/investments/market-insights/green-energy-low-supply-to-drive-copper-prices/
7. Inflation - https://www.bloomberg.com/opinion/articles/2022-03-02/biden-state-of-union-proposals-would-do-little-to-curb-inflation
8. Energy - https://www.tester.senate.gov/?p=press_release&id=8934
9. Oil - https://www.jwnenergy.com/article/2022/3/2/mayhem-reigns-in-oil-markets-as-traders-avoid-russ/
10. LNG - https://www.bnnbloomberg.ca/threat-to-europe-gas-supply-bolsters-push-on-new-u-s-lng-plants-1.1731478
11. Food security - https://www.newsweek.com/war-ukraine-global-food-security-crisis-opinion-1683791
12. Housing affordability - https://betterdwelling.com/canadian-housing-affordability-hits-the-worst-level-since-the-last-bubble-nbf/
13. Commodities - https://www.bloomberg.com/markets/commodities
Geopolitical Events|COVID19|Canada and the World| December 24, 2021paul young cpa, cga
Here is my latest look at viruses as part of mitigation the impact of these viruses on healthcare, GDP, and other areas.
1. Vaccines and new variants https://www.bbc.com/news/av/health-56286744
2. Digital trends - https://techcrunch.com/2021/12/20/the-growing-power-of-digital-healthcare-6-trends-to-watch-in-2022/
3. Mitigation - https://www.cdc.gov/coronavirus/2019-ncov/hcp/mitigating-staff-shortages.html
4. Risk mitigation - https://www.thehindubusinessline.com/money-and-banking/pandemic-has-reinforced-need-for-insurance-and-risk-mitigation/article38020220.ece
5. Business continuity - https://www.techidea.net/elements-of-business-continuity-plan/
6. Emergency Planning - https://www.canterbury.ac.nz/engineering/schools/cnre/news/2021/gps-tracking.html
7. Risk mitigation - https://www.reuters.com/business/healthcare-pharmaceuticals/what-you-need-know-about-coronavirus-right-now-2021-12-24/
8. Supply Chain - https://www.journal-news.com/news/restaurants-turn-to-supply-chain-surcharge-to-survive-higher-costs/LOTGO3QD5RCK7LWV7LHXYUXDEA/
9. Variants - https://www.mckinsey.com/industries/healthcare-systems-and-services/our-insights/when-will-the-covid-19-pandemic-end
10. Variants - https://www.nature.com/articles/d41586-021-03619-8
Canada - Fiscal Management - Deficit and Debt - May 2022.pptxpaul young cpa, cga
Blog – Public Sector – What is next for Canada – June 2022
The federal public services have expanded by over 50K job and yet there are backlogs with passports, immigration, and other areas of government
Federal government deficits pre-covid nineteen did little to address productivity, innovation, skills gaps, and affordable housing.
Canada per capita GDP trails other countries like Qatar https://georank.org/economy/canada/qatar and Australia https://georank.org/economy/australia/canada
Canada continues to struggle with high inflation - https://www.cbc.ca/news/politics/chrystia-freeland-inflation-1.6501750
Blog – What is next for the Global GDP – August 2023
The global economy is showing signs of improvement but remains fragile. Global GDP growth in 2023 is projected at 2.6%, the lowest annual rate since the global financial crisis, with the exception of the 2020 pandemic period. A modest improvement to 2.9% is foreseen for 2024.
There has been some respite: lower energy prices are helping to bring down headline inflation, and the earlier-than-expected reopening of China has provided a boost to global activity. However, the impact of higher interest rates is increasingly being felt across the economy.
High inflation and slow wage growth pushed real wages down in 2022, but these are projected to stop declining in most OECD countries over the course of 2023.
With these falls in real wages and a still tight labour market, nominal wage growth is projected to be just over 4% in the overall OECD area in 2023, before moderating to around 3.5% in 2024.
https://www.oecd.org/coronavirus/en/themes/global-economy
Additional sources and links:
Oil Production - https://globalnews.ca/news/9932960/oil-and-gas-sector-says-new-data-shows-it-can-both-hike-output-and-lower-emissions/ or https://www.reuters.com/article/global-oil-idAFL1N3AD027
LNG / Natural Gas - https://www.fxstreet.com/news/natural-gas-price-analysis-xng-usd-grinds-at-multi-day-top-focus-on-305-and-us-employment-data-202309010216
Lithium - https://agmetalminer.com/2023/08/31/lithium-battery-market-volatility/
Technology - https://finance.yahoo.com/news/bull-market-tech-stocks-sector-221421282.html
Base metals - https://www.bnnbloomberg.ca/base-metals-trade-mixed-with-chinese-and-us-economy-in-focus-1.1965922
Lumber - https://www.netnewsledger.com/2023/08/29/the-future-of-lumber-prices-in-canada-a-look-ahead/
EV - https://www.motor.com/2023/08/warning-signs-on-the-path-to-mass-ev-adoption/?utm_source=rss&utm_medium=rss&utm_campaign=warning-signs-on-the-path-to-mass-ev-adoption
Supply Chain - https://www.forexlive.com/news/canada-august-sp-global-pmi-480-vs-496-prior-20230901/ or https://www.automation.com/en-us/articles/august-2023/strategies-strengthening-supply-chains-2023
Food supply and prices - https://www.emerald.com/insight/content/doi/10.1108/OXAN-DB281606/full/html
Productivity - https://www.reuters.com/business/post-pandemic-world-facing-gloomy-stew-debt-trade-wars-poor-productivity-2023-08-28/
Innovation – https://digileaders.com/the-crucial-role-of-an-innovation-strategy/
Capital Spending - https://www.bnnbloomberg.ca/japan-firms-cut-capital-spending-for-first-time-in-over-year-1.1965955
Blog – Durable Goods and Capital Spending Analysis – August 2023 - https://www.linkedin.com/posts/paul-young-055632b_durable-goods-orders-tumble-why-its-not-activity-7100500285860573185-3emi?utm_source=share&utm_medium=member_desktop
There was a budgetary deficit of $3.7 billion in October 2021, compared to a deficit of $18.5 billion in October 2020. The budgetary deficit before net actuarial losses and gains was $5.4 billion, compared to a deficit of $17.2 billion in the same period of 2020–21. The budgetary balance before net actuarial losses and gains is intended to supplement the traditional budgetary balance and improve the transparency of the government's financial reporting by isolating the impact of the amortization of net actuarial losses and gains arising from the revaluation of the government's pension and other employee future benefit plans
Source - https://www.canada.ca/en/department-finance/services/publications/fiscal-monitor/2021/10.html
1. Fiscal update - https://rabble.ca/politics/canadian-politics/feds-fiscal-update-is-all-about-covid-but-does-too-little-to-address-root-cause/
2. Housing - https://betterdwelling.com/canadian-real-estate-prices-forecast-to-rise-while-incomes-fall-fitch-ratings/
3. Fitch - https://www.fitchratings.com/research/international-public-finance/canadian-provinces-rebound-in-2022-debt-bears-watching-13-12-2021
4. Food costs - https://www.fitchratings.com/research/international-public-finance/canadian-provinces-rebound-in-2022-debt-bears-watching-13-12-2021
5. Income and food costs - https://globalnews.ca/video/8458094/most-canadians-dont-believe-their-income-will-keep-up-with-rising-food-prices/amp/
6. 2B trees - https://www.cbc.ca/news/politics/canada-trees-planting-climate-1.6288938
7. Critical metals - https://www.sudbury.com/beyond-local/mining-the-future-canadas-high-hopes-to-become-a-global-critical-mineral-powerhouse-4870557
8. China - https://www.theglobeandmail.com/business/commentary/article-china-is-buying-up-the-critical-green-revolution-minerals-sector-in/
9. LNG - https://thenarwhal.ca/bc-last-lng-project/
10. Oil Production - https://financialpost.com/executive/executive-summary/posthaste-canada-set-to-smash-oil-production-record-in-2022-and-thats-a-little-bearish-for-oil
11. Manufacturing - https://www.conferenceboard.ca/insights/featured/canadian-economics/manufacturing-sales-show-signs-of-life
The federal government ran a deficit of nearly $69 billion over the first half its fiscal year, almost $130 billion less than the treasury pumped out during the same stretch one year earlier.
The Finance Department’s fiscal monitor says the budgetary deficit between April and September was $68.6 billion, down from the $198.1 billion recorded over the same months in 2020 when Covid-19 first struck.
Source - https://www.advisor.ca/news/economic/federal-deficit-hits-nearly-69b-over-first-half-of-fiscal-year/
1. Deficit / Canada - https://www.reuters.com/markets/rates-bonds/canada-records-c6857-bln-budget-deficit-over-first-six-months-202122-2021-11-26/
2. BOC / qualitative easing - https://www.bankofcanada.ca/2021/11/financial-stability-through-the-pandemic-and-beyond/
3. Inflation - https://financialpost.com/opinion/philip-cross-government-is-driving-inflation
4. Household debt - https://www.consolidatedcreditcanada.ca/financial-news/household-debt/
5. https://twitter.com/EvanLSolomon/status/1464071997286232100 Hey Evan - Sep/19 also seen higher inflation compared to Oct/15 but there was no comment from you back in Sep/19, why? https://www.slideshare.net/paulyoungcga/2019-election-cost-of-living-canada-june-2019 There was also no comment how GDP growth went from 3.0% (2017) to 1.6% (2019), right? https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp
6. Interest rates - https://www.bloomberg.com/news/articles/2021-10-27/bank-of-canada-accelerates-potential-timing-of-rate-hikes
7. Housing - https://theconversation.com/want-to-solve-the-housing-crisis-address-super-charged-demand-169809
8. Consumer spending - https://thoughtleadership.rbc.com/rbc-consumer-spending-tracker/
9. Infrastructure bank - https://canada.constructconnect.com/dcn/news/projects/2021/11/cib-hits-its-stride-with-20-projects-in-its-portfolio
10. https://globalnews.ca/news/8404028/prime-minister-justin-trudeau-bc-flood-zone/ Is @JustinTrudeau taking his surfboard? Many of us already know it will be lots of word salad and little said about all levels of government failing to safeguard assets! https://www.slideshare.net/paulyoungcga/crisis-and-emergency-management-risk-management-how-best-to-manage-risk
Bank of Canada| What is next for Canada's Monetary Policiespaul young cpa, cga
“Having said that, we knew that Omicron-induced restrictions will undoubtedly slow the economic recovery, making the Bank of Canada cautious. An increase in rates when two of Canada’s biggest provinces are under strict restrictions might have sent the wrong signals.”
Source - https://financialpost.com/news/economy/bank-of-canada-interest-rate-decision-0126-22
1. Canada household debt - https://www.bnnbloomberg.ca/pattie-lovett-reid-are-you-going-to-get-hurt-by-higher-rates-it-doesn-t-have-to-be-that-way-1.1714123
2. Productivity - https://abacusdata.ca/shortage-economy-canada-polling/
3. Business investment - https://www.saltwire.com/nova-scotia/news/canada/will-rate-hikes-dampen-canadas-already-lacklustre-business-investment-100685123/
4. Startups - https://financialpost.com/sponsored/business-sponsored/embracing-entrepreneurship-for-all-to-drive-canadas-innovation-economy-forward
5. AI - https://stories.td.com/ca/en/news/2022-01-26-td-builds-on-commitment-to-advance-ai-with-early-renewal-of
6. Skills - https://stories.td.com/ca/en/news/2022-01-26-td-builds-on-commitment-to-advance-ai-with-early-renewal-of
7. Supply chain - https://www.cips.org/supply-management/news/2022/january/covid-clampdown-guarantees-supply-chain-disruption/
8. Freight - https://www.fm-magazine.com/news/2022/jan/freight-rates-wont-ease-2022.html
9. Career - https://smartasset.com/data-studies/best-jobs-that-dont-require-a-bachelors-degree-2022
10. Trades - https://www.cimmigrationnews.com/canada-needs-to-reform-immigration-system-to-help-skill-trades-says-ontario-organization/
11. Business automation - https://www.forbes.com/sites/forbestechcouncil/2022/01/25/why-manufacturing-automation-should-dominate-the-2022-business-agenda/?sh=24b98668176e
What is next for Monetary Policies - Canada - October 2022.pptxpaul young cpa, cga
Blog – What is next for Monetary Policies – Canada – October 2022
Inflation especially food costs continue to impact global consumers. Countries like Canada have targeted an inflation rate of 2.1%. The current inflation rate is about 6.9%, or about three times the target rate. Canada is schedule to hike payroll taxes and carbon taxes in 2023 - https://www.cbc.ca/news/canada/newfoundland-labrador/ken-mcdonald-carbon-tax-exemption-home-heating-1.6628460
Housing prices continue to fall. Housing affordability continues to be challenge for people around the world - https://www.bnnbloomberg.ca/the-daily-chase-looking-ahead-toward-boc-announcement-canopy-looks-to-grow-u-s-footprint-1.1836958
Slower demand has improved port throughput, but there are still issues with lack of capacity to manage exports and imports. https://www.manilatimes.net/2022/10/26/business/maritime/iaph-takes-steps-to-close-port-gaps/1863673
Canada was seeing slow growth back in 2019. The Liberals policies did little to address issues with innovation, skills, productivity, regulations, and tax reforms. Liberals decided to focus on bigger government! https://www.slideshare.net/paulyoungcga/201-election-canada-and-world-slow-economic-growth-august-2019
BOC and other reserve banks need to think extremely hard about rising of interest rates. The threat of global recession grows each day. BOC would be better off to pause interest rates and look at other areas of policies as part of managing monetary government. The federal government should be focus on drastic policy changes including pausing all new tax hikes including hikes to CPP, EI, and carbon tax. The focus should be on addressing issues with port capacity, promoting more innovation, productivity improvements, skills gap, housing supply, and streamlining of taxation and regulations as it relates to the goods-producing sector.
Canada - Fiscal Management - Deficit and Debt - May 2022.pptxpaul young cpa, cga
Summary
Canada projected a 12B deficit for FY 2023. The current surplus of $5B is primarily to do with higher revenue and lower expenses being paid out. The economy is about hit major headway as such taxes should start to drop over the next 5-6 months. Government expenses will likely grow over the next few months.
Canada - Fiscal Management - Deficit and Debt - January 2022.pptxpaul young cpa, cga
Canada heads to a very difficult time with a government that solely focus on its progressive agenda and climate change. The government continues push forward with new programs despite a structural deficit that has not been addressed since the December 2019.
Summary:
Countries around the world are re-open while other countries like Canada continue with their vaccine’s mandates. Canada has over 90% of its population vaccinated.
Trudeau has called the trucker occupation as a illegal - https://www.nytimes.com/live/2022/02/12/world/canada-protest-trudeau
People want their freedoms back - https://www.politico.com/news/2022/02/11/biden-trudeau-convoy-protest-00008358. State, Provincial, local, and federal governments are worried about the damage this will do to their various voter bases.
Summary:
Canada’s economic expansion showed signs of moderation in May and June, pulling back from a strong start to the year in the face of high inflation and rising interest rates.
Output in June was on track for a small increase of 0.1 per cent after stalling in May, Statistics Canada said on Friday. That follows three months of strong growth between February and April that helped fuel a robust expansion in the second quarter, which the agency estimated at about 4.6 per cent annualized.
The results show a picture of an economy that was unscathed from the global slowdown in the first part of the year but may be entering a period of much slower growth.
The Bank of Canada has raised its benchmark policy rate by more than two percentage points since March to slow four-decade high inflation, and is expected to continue hiking by at least another half-percentage point at its next policy decision in September
Source - https://www.bnnbloomberg.ca/canada-s-economy-stalled-in-may-1.1798830
Geopolitics - Risk and Threats - Variants and Disease Management - August 27,...paul young cpa, cga
Blog – Geopolitical Risks and Threats – Future Pandemics and Viruses – August 27, 2022
All levels of government need to establish short-term and long-term plans to address the healthcare delivery model.
Seniors continue to face many challenges including high cost of living and access to affordable housing. Federal government if they were serious would raise the GIS threshold from 19K to 40K.
It is time to get serious about assisted living and retirement living for seniors. Housing costs continue to be an issue! Little is said by all levels of government looking at their vacant/abandon properties as way to build more affordable housing.
Little is said about how best to boost immune system through better dieting practices.
Little is said about developing more health and wellness programs for every age group as part of encouraging a healthy lifestyle
Telling people to continue to take vaccines is no long-term solution to battling future viruses and pandemics.
Summary:
The world continues to face challenges as it relates to spreading of viruses. More needs to be done to mitigate the spread of viruses through better policies from WHO.
The world also needs to ensure local manufacturing of critical supplies is done locally including PPE, vaccines, etc.
All levels government need to have business resiliency plans for all their agencies and GBE as part building better emergency and risk management policies and plans.
1. Omicron virus and WHO - https://www.npr.org/sections/coronavirus-live-updates/2021/12/15/1064432010/omicron-spread-variant-coronavirus
2. Healthcare systems - https://hbr.org/2021/12/5-critical-priorities-for-the-u-s-health-care-system
3. CDC has said more variants will occur as viruses will mutate - https://www.cdc.gov/coronavirus/2019-ncov/variants/about-variants.html
4. Travel - https://ca.movies.yahoo.com/europeans-reimpose-restrictions-omicron-sweeps-124035688.html
5. Spread - https://www.theguardian.com/world/2021/dec/18/who-says-omicron-in-89-countries-and-spreading-rapidly
6. 2022 outlook - https://www.just-drinks.com/features/whats-in-store-for-2022-a-sector-by-sector-outlook-analysis/
7. Annual flu shots for COVID19 - https://www.cnbc.com/2021/12/17/pfizer-executives-say-covid-could-become-endemic-by-2024.html
8. Pandemic - https://www.gavi.org/vaccineswork/10-reasons-why-pandemic-fatigue-could-threaten-global-health-2021
9. Supply chain - https://www.post-gazette.com/business/career-workplace/2021/12/18/Supply-chain-hell-ignites-economic-boom-along-U-S-Mexico-border/stories/202112190034
10. AI and drugs - https://www.advisory.com/blog/2021/12/pandemic-technology
Bank of Canada hikes interest rates to combat High Inflation and High cost of...paul young cpa, cga
Summary:
High inflation is here to stay for awhile due to failed agendas of government.
Mitigating climate change is very important. The mitigation should be done through better policy including how to best support cheap energy costs. The focus should also be on policies and programs that support the green and circular economy.
Canada has lost it ways when it comes to encouraging innovation within the private and public sector. Trudeau policies have been a failure!
Liberals around the world should revisiting their so-called carbon pricing schemes. There is a better approach to protecting the environment while growing the economy in a sustainable way. https://www.slideshare.net/paulyoungcga/how-the-public-and-private-sector-can-better-supoort-the-circular-and-green-economies
Housing costs continue to rise! https://www.ctvnews.ca/business/interest-rate-hike-won-t-cool-housing-say-experts-1.5802515
1. Interest rates - https://wowa.ca/bank-of-canada-interest-rate
2. First interest hike since 2018 - https://www.bnnbloomberg.ca/bank-of-canada-hikes-rates-for-first-time-since-2018-1.1731177
3. Inflation - https://globalnews.ca/news/8654004/canada-interest-rate-hike-march-2022/
4. Inflation - https://www.bnnbloomberg.ca/boc-will-have-to-kill-the-economy-to-crush-inflation-rosenberg-1.1731579
5. UBI - https://www.ubiworks.ca/howtopay
6. Green inflation - https://www.advisor.ca/investments/market-insights/green-energy-low-supply-to-drive-copper-prices/
7. Inflation - https://www.bloomberg.com/opinion/articles/2022-03-02/biden-state-of-union-proposals-would-do-little-to-curb-inflation
8. Energy - https://www.tester.senate.gov/?p=press_release&id=8934
9. Oil - https://www.jwnenergy.com/article/2022/3/2/mayhem-reigns-in-oil-markets-as-traders-avoid-russ/
10. LNG - https://www.bnnbloomberg.ca/threat-to-europe-gas-supply-bolsters-push-on-new-u-s-lng-plants-1.1731478
11. Food security - https://www.newsweek.com/war-ukraine-global-food-security-crisis-opinion-1683791
12. Housing affordability - https://betterdwelling.com/canadian-housing-affordability-hits-the-worst-level-since-the-last-bubble-nbf/
13. Commodities - https://www.bloomberg.com/markets/commodities
Geopolitical Events|COVID19|Canada and the World| December 24, 2021paul young cpa, cga
Here is my latest look at viruses as part of mitigation the impact of these viruses on healthcare, GDP, and other areas.
1. Vaccines and new variants https://www.bbc.com/news/av/health-56286744
2. Digital trends - https://techcrunch.com/2021/12/20/the-growing-power-of-digital-healthcare-6-trends-to-watch-in-2022/
3. Mitigation - https://www.cdc.gov/coronavirus/2019-ncov/hcp/mitigating-staff-shortages.html
4. Risk mitigation - https://www.thehindubusinessline.com/money-and-banking/pandemic-has-reinforced-need-for-insurance-and-risk-mitigation/article38020220.ece
5. Business continuity - https://www.techidea.net/elements-of-business-continuity-plan/
6. Emergency Planning - https://www.canterbury.ac.nz/engineering/schools/cnre/news/2021/gps-tracking.html
7. Risk mitigation - https://www.reuters.com/business/healthcare-pharmaceuticals/what-you-need-know-about-coronavirus-right-now-2021-12-24/
8. Supply Chain - https://www.journal-news.com/news/restaurants-turn-to-supply-chain-surcharge-to-survive-higher-costs/LOTGO3QD5RCK7LWV7LHXYUXDEA/
9. Variants - https://www.mckinsey.com/industries/healthcare-systems-and-services/our-insights/when-will-the-covid-19-pandemic-end
10. Variants - https://www.nature.com/articles/d41586-021-03619-8
Similar to Corporate Proftis vs Corporate Greed - November 2022.pptx (20)
Global Housing Market Analysis and Commentary- September 2023.pptxpaul young cpa, cga
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptxpaul young cpa, cga
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
Electricity Analysis - Canada and the OECD - June 2023.pptxpaul young cpa, cga
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Stock Market Analysis and Commentary for WE September 9 2023.pptxpaul young cpa, cga
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...paul young cpa, cga
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptxpaul young cpa, cga
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
2. PAU L YO U N G -
B I O
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos
3. AGENDA
• Inflation Change – Aug/22 vs Sep/22
• Inflation Change – Sep21 vs Sep/19
• Inflation Change (Carbon Tax)
• Profits and Stock Market vs Cost indexes
• Quarterly Profits
• Cost of Living / Canada
• Housing Costs
• Supply Chain
• Natural Resources / Blog
3
• Commodities
• Lithium
• Fiscal Management
• Stimulus and Inflation
• Corporate Profits
• GDP and Growth
• Circular and Green Economy
12. SUPPLY CHAI N
12
@OmarAlghabra it took you 7 years to
complete a port review. I thought you
stood up for jobs and investments. You
first order of business in 2015 was to kill
two pipelines, right?
https://www.slideshare.net/paulyoungcga
/how-best-to-build-a-reslient-supply-
chain-october-2022pptx
https://www.canadianmanufacturing.com
/manufacturing/federal-government-
announces-plans-to-change-how-ports-
work-to-strengthen-supply-chain-
285992/
15. NATURAL RESOURCE S
15
https://twitter.com/SeamusORegan/status/1562536889131110406
@SeamusORegan failed to say that in '16 is when @JustinTrudeau told the world CAN should be known for its
resourcefulness & not its resources. NR has struggle for nearly 7 yrs. due to LPC agenda!
https://www.slideshare.net/paulyoungcga/what-is-next-for-canadas-mining-forestry-energy-and-agricultural-sectorspptx or
https://www.huffpost.com/archive/ca/entry/canada-ranks-among-worlds-best-economies-by-this-1-measure_n_10383284
or https://statisticstimes.com/economy/projected-world-gdp-capita-ranking.php
16. FI SCAL MANAGEME N T CYCLE
16
Summary:
There was a budgetary deficit of $3.9 billion in July 2022,
compared to a deficit of $10.9 billion in July 2021. The budgetary
deficit before net actuarial losses was $3.0 billion, compared to a
deficit of $9.6 billion in the same period of 2021-22. The
budgetary balance before net actuarial losses is intended to
supplement the traditional budgetary balance and improve the
transparency of the government’s financial reporting by isolating
the impact of the amortization of net actuarial losses arising from
the revaluation of the government’s pension and other employee
future benefit plans.
As expected, the government’s 2022-23 financial results continue to
improve compared to the peak of the COVID-19 crisis and the
unprecedented level of temporary COVID-19 response measures at the
time.
Source – Government of Canada and
https://www.slideshare.net/paulyoungcga/fiscal-management-cycle-
canada-july-2022pptx
17. STI MULUS
17
BOC has now admitted that @JustinTrudeau & his team poorly
managed the stimulus. https://kitchener.citynews.ca/local-
news/economic-stimulus-should-have-stopped-earlier-to-tame-
inflation-bank-of-canada-says-5849347
BNS also called out the new inflationary measures by Trudeau -
https://www.bnnbloomberg.ca/trudeau-says-new-spending-
won-t-fuel-inflation-scotiabank-disagrees-1.1818269
https://www.slideshare.net/paulyoungcga/what-is-next-for-
monetary-policies-canada-september-2022pptx
18. CORPORAT E PROFI TS
18
@DTCochrane you do realize there are timing differences, right? There are
permanent and timing differences, right? I bet you never really look at capital
consumption or R&D spending or transfer pricing, right? I novel ideal leave tax
analysis to the experts!
https://www.slideshare.net/paulyoungcga/how-do-corporate-profits-flow-from-a-
corporationpptx
Summary:
Too much is written and said on corporate profits as part of politicians crafting
policies to reduce inflation.
Green Energy continues to receive direct subsidies and grants from all levels of
government. https://investorintel.com/markets/cleantech/cleantech-
intel/greenwashing-its-not-easy-pretending-to-be-green/
Pension and Mutual funds returns are based on how those funds are managed.
Left-leaning politicians continue to push high tax and regulatory policies. There
needs to be better balanced between mitigating climate change and growing the
economy - https://www.slideshare.net/paulyoungcga/mitigation-of-climate-
change-green-and-circular-economy-june-2022pptx
Global economy continues to face many challenges including geopolitical risk and
threats along with high inflation rates
19. GDP AND GROWTH
19
Monthly GDP was up 0.1% from June to July, with strength in oil production
offsetting weakness in retail and manufacturing
Service sector rebound is losing steam ahead of fall; advance estimate was for a flat
reading in August
More slowing to come following more rate hikes, with a recession in the year ahead
increasingly likely
http://view.website.rbc.com/?qs=7bc09792d759aaa00fd593e138d8368b1422a9da56ca47f66961a5dc20a3a693b9bfc2450
a488e134300970e70e6d938fea356ba59079209d5b4cf4351363eb74f257a139b45895e
https://www.slideshare.net/paulyoungcga/gdp-and-economic-analysis-canada-and-the-world-july-2022pptx or
@JustinTrudeau came to office with GDP running at a pace of $2.3% post 2009 recession. Trudeau GDP
numbers were declining pre-covid19. GDP went from 3% in 2017 to 1.7% in 2019.
https://www.slideshare.net/paulyoungcga/gdp-and-economic-analysis-canada-and-the-world-july-2022pptx
Jul22 GDP numbers continue to be sluggish economy!
@MarkGerretsen @DanAlbas
20. CI RCULAR AND GREEN
ECONOMY
20
• Canada already taxes pollution through its environmental regulations and taxes
• Green and circular policies need to be available to everyone
• Better urban planning as part of managing land-use
• Better forest and water management practices
• Adoption of expert/smart/vertical farming practices
• Canada is a carbon sink
• Carbon taxation continues to impact on the cost of living
https://www.slideshare.net/paulyoungcga/mitigation-of-climate-change-green-and-circular-
economy-june-2022pptx or https://www.slideshare.net/paulyoungcga/how-to-best-support-a-
circular-economy
21. SUMMARY
• All levels of government need to address the systemic issues with inflation
• Improving productivity
• Focusing on affordable housing solutions
• Focusing policies that support FDI and private sector capital investment
• Focusing on building infrastructure as part improving the flow of goods and people
• Focusing delivering government spending with value for money
• Supply chain disruption
• Elimination of carbon tax
• Streamlining regulations
• Closing the skills gap
• Focusing on innovation
• Promoting policies that protect the environment why growing the economy in a sustainable way
21
Blog – Corporate Profits vs Inflation
There are many factors that go into setting sales price including volume discount, cost of delivery, etc.
https://www.gartner.com/en/information-technology/glossary/cost-to-serve
Supply and demand have an enormous influence on prices - https://www.freightwaves.com/news/if-
supply-chain-crunch-is-finally-easing-why-is-inflation-so-high
Stimulus and inflation - https://www.ctvnews.ca/business/bank-of-canada-governor-says-economic-
stimulus-should-have-stopped-earlier-to-tame-inflation-1.6076297
Inflation act - https://www.bnnbloomberg.ca/trudeau-spending-risks-fuelling-inflationary-fire-cibc-says-
1.1816873
More needs to be done to address the systemic issues with inflation
If supply chain
crunch is finally easing, why is inflation so high .pdf
Bank of Canada
governor says economic stimulus should have stopped earlier to tame inflation CTV News.pdf
Trudeau spending
risks fuelling 'inflationary fire,' CIBC says - BNN Bloomberg.pdf
Canadian DB pension
plan assets dropped 2.8_ in September report Benefits Canada.com.pdf
Wages set to rise 2.7_
in 2022 as inflation hits new high, says survey Benefits Canada.com.pdf
Carmakers Taking
Hold Of Raw Materials As Battery Cost Rise - mfame.guru.pdf
Fraser Institute News
Release Canada lags behind Australia on productivity--more business investment key to increased living standards Financial Post.pdf
Proof Point Canada
still isn't spending enough on the green economy.pdf
Business Outlook
Survey—Second Quarter of 2022 - Bank of Canada.pdf
How Automation Will
Bring Predictability Back to Your Business Packaging Strategies.pdf
Canada’s ‘skills gap’
problem explained Pipa News PiPa News.pdf
Varcoe Incoming
Enbridge CEO commits to Calgary with optimistic eye Calgary Herald.pdf
Reflect on cost of
food this Thanksgiving, local farmers urge CBC News.pdf
Electric vehicles
money savers, or money Financial Post.pdf
The Average Price of
an Electric Car (Updated Monthly) - YAA.pdf
Fertilizer emission
plan would “negatively impact” exports food security org True North.pdf
Services, food boost
U.S. producer prices; some relief could be on the way.pdf
Definition of Cost To
Serve - Gartner Information Technology Glossary.pdf
1. Pension fund / Solvency https://www.benefitscanada.com/canadian-investment-
review/research-markets/canadian-db-pension-plan-assets-dropped-2-8-in-september-report/
2. Wage increases - https://www.benefitscanada.com/news/bencan/survey-says-wages-set-to-
rise-2-7-in-2022-as-inflation-hits-new-high/
3. Raw material costs - https://mfame.guru/carmakers-taking-hold-of-raw-materials-as-battery-
cost-rise/
4. Productivity - https://financialpost.com/globe-newswire/fraser-institute-news-release-canada-
lags-behind-australia-on-productivity-more-business-investment-key-to-increased-living-
standards
Editor's Notes
Source - https://tradingeconomics.com/commodity/lithium
@JonathanWNV @s_guilbeault why has it taken you nearly 7 years to come up with a critical metal strategy. Canadian nickel has been trailing other countries due to your excessive taxes & regulations. This is another example that you do not stand up for jobs
https://www.slideshare.net/paulyoungcga/what-is-up-with-the-stock-market-for-we-september-23-2022pptx
Central banks continue to move the need on interest rates. The central banks fight on inflation could lead to a recession.
Interest rates hikes will not address issues with productivity or lack of innovation or excessive costs of land and construction materials
Trudeau’s carbon and other taxes continue to plague havoc with household budgets
2022 is setting up itself for a bad year for pension funds.
Justin Trudeau touts his record on poverty but what he never says is how many more people are having to use food banks - https://www.cbc.ca/news/canada/toronto/toronto-daily-bread-food-bank-thanksgiving-drive-1.6592258
Justin Trudeau also touts his record on supporting the middle class. The middle class has been struggling ever since Trudeau was elected in 2015 - https://thehub.ca/2022-09-22/sean-speer-concerned-about-economic-inequality-forget-taxing-the-rich-we-need-to-create-more-middle-class-jobs/
Canada GDP ranking within the G7 has also fallen. In the past the Liberals used to tout their GDP record within G7. Lately that is no longer the case
Canada GDP growth ranking in G20 for 2Q22 is 14th.
Trudeau told world in 2016 that Canada should be know for its resourcefulness - https://www.macleans.ca/news/canada/what-justin-trudeau-plans-to-tell-davos/. I estinmate Liberal policies have dropped the treasury revenue between $10B to 16B.
Trudeau and his team continue to tell Canadians hiking EI and CPP rates is good thing. The problem is this about time. CFIB has warned Trudeau small businesses cannot afford these hikes - https://www.slideshare.net/paulyoungcga/payroll-and-labor-related-issues-canada-september-2022pptx