This presentation looks at deficit and debt management by Trudeau and the Liberals. The liberals ran a campaign in 2015 on modest deficits. It is now 2018-2019 as such the deficit is now nearly 19B or about 3x times higher
Fiscal Management Cycle| Surpluses (Deficits)| Canada | Harper vs Trudeaupaul young cpa, cga
This presentation explains the fiscal management cycle by year since 2006.
Too many people look at deficit numbers without framing them up in terms of economic cycle
Trudeau talks about how LPC deficits are good and CPC deficits are bad. This presentation will highlight how both Trudeau and Harper handle their fiscal management cycle.
Fiscal Management| Harper vs Justin Trudeau| January 2019paul young cpa, cga
This presentation looks at deficit and debt management by Trudeau and the Liberals. The liberals ran a campaign in 2015 on modest deficits. It is now 2018-2019 as such the deficit is now nearly 19B or about 3x times higher.
Fiscal Management| Stephen Harper vs Justin Trudeau| March 2019paul young cpa, cga
The document provides an analysis by Paul Young, CPA, CGA comparing the deficit management of Justin Trudeau and the Liberals to that of Stephen Harper and the Conservatives. It includes Paul Young's biography and introduction, then discusses Harper and Trudeau's promises on small deficits, budget surpluses in 2015 under Harper, and the growing deficit under Trudeau which is now nearly 3 times larger than promised. It also addresses unbudgeted costs of refugees, high spending under Trudeau, and projections that the budget may not be balanced until 2040.
This presentation looks at deficit and debt management by Trudeau and the Liberals. The liberals ran a campaign in 2015 on modest deficits. It is now 2018-2019 as such the deficit is now nearly 19B or about 3x times higher.
This presentation looks at deficit and debt management by Trudeau and the Liberals. The liberals ran a campaign in 2015 on modest deficits. It is now 2018-2019 as such the deficit is now nearly 19B or about 3x times higher
This document provides an analysis of deficits under Justin Trudeau and Stephen Harper as Prime Ministers of Canada. It includes a biography of author Paul Young, and sections comparing Trudeau and Harper's management of small deficits. Additional sections analyze Trudeau's increasing of deficits to nearly $19 billion compared to his campaign promises of modest deficits, and the costs of refugee resettlement. Charts are presented on the federal budget surplus in 2015 and projections of future deficits. Comments critique Trudeau's deficits and spending compared to economic growth rates under Harper.
Fiscal Management| Justin Trudeau vs Stephen Harper| April 2019paul young cpa, cga
Trudeau has grown spending on average 5.2% or about 2.5 times GDP
Trudeau has committed $2.65B or more to the United Nationals
Canada was hit with GDP drop in 2016 due to wild fires in Alberta. Justin Trudeau two year average for GDP growth is 2.0% which is on par with the past 16+ years
Liberals ran election campaign on $10B deficits and now claim part of the $22B deficits are structural issues left by the CPC
Canada has a structural deficit as revenues continue to be challenge through slow growth. - https://www.slideshare.net/paulyoungcga/canada-and-slow-growth-april-2019
Liberals cannot get goods to market despite seeing an uptick with commodity prices - https://www.slideshare.net/paulyoungcga/important-of-exports-canada-global-trade
Fiscal Management Cycle| Surpluses (Deficits)| Canada | Harper vs Trudeaupaul young cpa, cga
This presentation explains the fiscal management cycle by year since 2006.
Too many people look at deficit numbers without framing them up in terms of economic cycle
Trudeau talks about how LPC deficits are good and CPC deficits are bad. This presentation will highlight how both Trudeau and Harper handle their fiscal management cycle.
Fiscal Management| Harper vs Justin Trudeau| January 2019paul young cpa, cga
This presentation looks at deficit and debt management by Trudeau and the Liberals. The liberals ran a campaign in 2015 on modest deficits. It is now 2018-2019 as such the deficit is now nearly 19B or about 3x times higher.
Fiscal Management| Stephen Harper vs Justin Trudeau| March 2019paul young cpa, cga
The document provides an analysis by Paul Young, CPA, CGA comparing the deficit management of Justin Trudeau and the Liberals to that of Stephen Harper and the Conservatives. It includes Paul Young's biography and introduction, then discusses Harper and Trudeau's promises on small deficits, budget surpluses in 2015 under Harper, and the growing deficit under Trudeau which is now nearly 3 times larger than promised. It also addresses unbudgeted costs of refugees, high spending under Trudeau, and projections that the budget may not be balanced until 2040.
This presentation looks at deficit and debt management by Trudeau and the Liberals. The liberals ran a campaign in 2015 on modest deficits. It is now 2018-2019 as such the deficit is now nearly 19B or about 3x times higher.
This presentation looks at deficit and debt management by Trudeau and the Liberals. The liberals ran a campaign in 2015 on modest deficits. It is now 2018-2019 as such the deficit is now nearly 19B or about 3x times higher
This document provides an analysis of deficits under Justin Trudeau and Stephen Harper as Prime Ministers of Canada. It includes a biography of author Paul Young, and sections comparing Trudeau and Harper's management of small deficits. Additional sections analyze Trudeau's increasing of deficits to nearly $19 billion compared to his campaign promises of modest deficits, and the costs of refugee resettlement. Charts are presented on the federal budget surplus in 2015 and projections of future deficits. Comments critique Trudeau's deficits and spending compared to economic growth rates under Harper.
Fiscal Management| Justin Trudeau vs Stephen Harper| April 2019paul young cpa, cga
Trudeau has grown spending on average 5.2% or about 2.5 times GDP
Trudeau has committed $2.65B or more to the United Nationals
Canada was hit with GDP drop in 2016 due to wild fires in Alberta. Justin Trudeau two year average for GDP growth is 2.0% which is on par with the past 16+ years
Liberals ran election campaign on $10B deficits and now claim part of the $22B deficits are structural issues left by the CPC
Canada has a structural deficit as revenues continue to be challenge through slow growth. - https://www.slideshare.net/paulyoungcga/canada-and-slow-growth-april-2019
Liberals cannot get goods to market despite seeing an uptick with commodity prices - https://www.slideshare.net/paulyoungcga/important-of-exports-canada-global-trade
This presentation looks at deficit and debt management by Trudeau and the Liberals. The liberals ran a campaign in 2015 on modest deficits. It is now 2018-2019 as such the deficit is now nearly 19B or about 3x times higher.
Many factors go into fiscal management cycle including growth, key focus points, infrastructure, etc.
GDP per capita has fallen under Trudeau
Trudeau will not hit his 27% Debt to GDP target in 2019 as promise with the 2015 election campaign.
Fiscal Management Cycle| Debt | Surpluses (Deficits) Canada | September 2019paul young cpa, cga
This presentation looks at deficit and debt management by Trudeau and the Liberals. The liberals ran a campaign in 2015 on modest deficits. It is now 2018-2019 as such the deficit is now nearly 19B or about 3x times higher.
Many factors go into fiscal management cycle including growth, key focus points, infrastructure, etc.
GDP per capita has fallen under Trudeau
Trudeau will not hit his 27% Debt to GDP target in 2019 as promise with the 2015 election campaign.
2019 Election| Fiscal Management Cycle| Canada | Issues and Analysis | August...paul young cpa, cga
This document provides an analysis of fiscal management under Prime Minister Justin Trudeau and the Liberal Party of Canada (LPC) compared to previous Conservative Party of Canada (CPC) administrations. It includes summaries of Canada's annual financial statements, deficits, GDP growth, spending, and taxation levels over time. Blog posts discuss deficits, debt, economic growth, and the records of Paul Martin and Stephen Harper on fiscal management. The document examines government documents and statistics to analyze the fiscal impacts of decisions made by different Canadian governments.
Part of the role of government is collect tax and the spend tax dollars on social programs. The liberals came to power after the CPC left $1B surplus. The Liberals turned the $1B deficit into $18B deficits. Liberals spending did nothing for the economy. You argue that bad policies by the liberals in areas like regulations, taxation, infrastructure, etc set growth back.
This presentation will show what has happen to Canada fiscal management cycle since Justin Trudeau took office November 1, 2018.
BTW:
Budgets do not balance themselves
Harper faced 2008-2009 recession which included demands by the opposition to introduce a stimulus - https://www.slideshare.net/paulyoungcga/fiscal-management-cycle-debt-surpluses-deficits-canada-september-2019
Harper was not perfect and did make mistakes but never had any ethical violations like Trudeau - https://www.cbc.ca/news/politics/mario-dion-report-justin-trudeau-1.5247209
2019 Election| Poverty and Income Inequality| August 2019paul young cpa, cga
This document provides a summary of Paul Young's views on income inequality and potential policy solutions. It discusses that income inequality is an issue globally and in Canada. Paul argues that consumption taxes disproportionately hurt low to middle income earners. Some of the policies Paul recommends to reduce inequality include reforming government compensation, promoting economic growth, strengthening the middle class through job creation, and ensuring funding for healthcare, education and social programs.
Liberal Party of Canada – Election promises - September 2017paul young cpa, cga
- This document provides a summary of election promises made by the Liberal Party of Canada and an analysis of their fulfillment of these promises since forming the government in 2015.
- Key areas discussed include the economy, taxes, deficits, transparency, and policies impacting small businesses and immigration. It is argued that many promises have been broken or delayed, such as tax cuts for the middle class, and policies have increased taxes rather than lowered them. Deficits have been larger than promised due to lower GDP growth.
- Sources are provided for further details on specific policies and claims.
This document compares the economic policies and records of the Harper/CPC and Trudeau/LPC governments in Canada. It discusses GDP growth, deficits, austerity measures, tax policies, global rankings, and issues like affordability, the environment, and poverty. The document provides data and statistics to argue that Trudeau's economic policies have not improved GDP or jobs and that Harper restored funding after austerity cuts while keeping taxes low and competitive globally.
This document provides a summary of ways to potentially address income inequality by Paul Young CPA CGA. It discusses that income inequality is an issue around the world and in Canada. It suggests that consumption taxes disproportionately impact low to middle income earners. Potential solutions proposed include reforming government compensation, promoting economic growth, redistributing wealth, and funding healthcare, education and social programs. Ensuring a strong middle class through job creation is also recommended.
Scorecard| Liberal Party of Canada| Fiscal and Economic| paul young cpa, cga
1. The document provides an agenda and analysis of Canada's economic and fiscal performance under Prime Minister Trudeau from November 2015 to April 2020. It covers topics like GDP growth, deficits, housing, job quality, immigration, and recommendations for reform.
2. Key issues discussed include high budget deficits, a lack of transparency and oversight in spending, ethical issues around programs like WE Charity, and the need for reforms to improve transparency, accountability and the supply chain post-COVID.
3. The document argues that while COVID has created major challenges, both the federal and provincial governments need reforms to improve transparency and transform the economy in areas like job quality, immigration and infrastructure.
This document discusses the economic outlook for Canada post-pandemic. It begins with an agenda covering topics like GDP, government spending, the stock market, household debt, farm incomes, and more. It then discusses challenges like high household debt levels, the need to transform government spending and operations, and job losses expected in March 2020. Suggestions are provided for economic recovery, including government stimulus programs, gradually reopening provinces while maintaining health measures, and long-term strategies around infrastructure spending, skills training, tax reform and encouraging domestic manufacturing.
Trudeau government did not have the answer for slow growth
Government role with the economy is to support policies that encourage public sector growth
Global economy is competitive. Liberals are introducing hikes to CPP as well as a new Carbon Tax
Governments should neither get all credit for growing economy nor for a slowing economy
Canada’s GDP growth has been consistent for 15+ years and that is rate of about 2.2%.
Liberals infrastructure plan has been very slow which has not help construction industry since they took office in 2015
Liberals are on path to $100B new debt with growth rates same as the past 15+ years
This presentation will look at key commitments made during the 2015 election as part evaluating the government performance on key files.
This presentation is one opinion as such it is up to individuals to do their own research as part of understanding if the Liberal Party of Canada has met its election promises.
The document provides an agenda for discussing Ontario and federal fiscal management. It outlines issues with Ontario's fiscal management under the previous Liberal government, including failing to implement recommendations from reports on autism funding and education cuts. It also criticizes the federal Liberal government for running deficits without a balanced budget plan and increasing national debt levels. Key areas of spending like healthcare, education and energy policy are examined.
2015 (CPC) vs 2019 (LPC) - Are Canadians better off in 2019?paul young cpa, cga
This presentation discusses key policy areas including a comparison between 2015 and Liberal Government record. The rankings used can vary a little due to timing of the rankings.
Liberals changed many policies over the years, but very few times does either MSM or social media call out their failures
Trudeau and his team constantly provide data that is neither supported nor completely accurate
Harper was not perfect in terms of his policy, but he was very successful as he faced numerous challenges, i.e. global recession, minority parliament, hostile premiers (i.e. PQ and ON) - https://www.slideshare.net/paulyoungcga/cpc-and-stephen-harper-years-as-prime-minister
The document is a summary and analysis of Canada's GDP and job market by Paul Young, CPA. It discusses various factors that influence GDP, including government spending, consumer spending, taxation and business returns. While governments often take credit for strong economies, 2/3 of GDP is typically driven by consumer spending. Higher taxes can reduce consumers' disposable income and lead to less spending. The document analyzes GDP and employment data from various periods under Liberal and Conservative governments in Canada. It argues the Liberals' policies of tax increases and canceled pipelines have negatively impacted GDP growth and job opportunities compared to under the previous Conservative government.
Real GDP rose 3.0% in 2017, following 1.4% growth in 2016. Much of this growth was attributable to the first two quarters of 2017, with deceleration observed toward the end of the year.
Final domestic demand advanced 3.0% with steady growth throughout the year.
Household final consumption expenditure rose 3.5%, with increased outlays on goods (+3.9%) and services (+3.2%). Increased expenditures on insurance and financial services (+5.0%) and purchases of vehicles (+6.3%) were strong contributors to growth.
Business gross fixed capital formation rose 2.6%, following a 4.5% decline in 2016. Investment in machinery and equipment (+6.0%) and residential structures (+3.1%) both increased sharply. Investment in non-residential structures rose 0.3%, following two annual declines.
Also contributing to growth was business investment in inventories, up by $13.9 billion, of which $13.6 billion was in non-farm inventories. Manufacturers, wholesalers, and retailers all added to their stocks in each quarter.
Exports grew 1.0% for the second consecutive year, with gains in both goods (+0.6%) and services (+2.8%). Imports increased 3.6% after falling 1.0% in 2016.
Compensation of employees rose 3.9% (nominal terms), contributing to a 4.8% gain in household disposable income.
This was slightly faster than the growth in household final consumption expenditure (+4.6%), and the household saving rate consequently edged up to 3.6%.
The gross operating surplus of corporations increased 9.5% as earnings of both non-financial and financial corporations rose sharply.
Expressed at an annualized rate, real GDP rose 1.7% in the fourth quarter. In comparison, real GDP in the United States grew 2.5%.
More op-eds by CBC as an attempt to show @justintrudeau managing of the financing is on par with Harper
• Trudeau has increase overall spending from year over year average was 6.7% as compare to Harper’s 3.8%
• Trudeau took $1B surplus and turned it into $18B deficit
• Trudeau decided to slash the AG performance management audits, why?
• Trudeau has a made a mess of every file including immigration - https://torontosun.com/news/national/illegal-border-processing-costs-alone-to-exceed-1-billion-pbo-report
• Trudeau’s policies are more about votes than sound policies. The tax cut did little when you factor in Trudeau eliminated income tax splitting, boutique tax credits and hiked CPP - https://www.thechronicleherald.ca/news/canada/for-millennials-in-canada-the-middle-class-dream-slips-a-little-further-away-oecd-300708/ or https://www.slideshare.net/paulyoungcga/2019-election-middle-class-canada-june-2019
• Trudeau’s policies have made Canada less competitive - https://www.slideshare.net/paulyoungcga/2019-election-canada-and-global-competitiveness-may-2019
• You cannot not just look at GDP ratios. You also need to look at outcomes along with expense growth year over year in relation to Taxation and GDP growth - https://www.slideshare.net/paulyoungcga/2019-election-gdp-and-economy-canada
• Trudeau’s policies have support only 10% increase in goods producing sector jobs. Goods producing sector jobs pay on average 40% more than service sector jobs. - https://www.slideshare.net/paulyoungcga/2019-election-employment-market-canada-may-2019
Many different groups will write paper and/or articles on government from their perspective. It is important for readers to review all sources when it comes to debating various government policies
Justin Trudeau constantly calls out the Harper era like he did in 2015. The problem is Trudeau never discuss details as the details tell a different picture.
This presentation looks at deficit and debt management by Trudeau and the Liberals. The liberals ran a campaign in 2015 on modest deficits. It is now 2018-2019 as such the deficit is now nearly 19B or about 3x times higher.
Many factors go into fiscal management cycle including growth, key focus points, infrastructure, etc.
GDP per capita has fallen under Trudeau
Trudeau will not hit his 27% Debt to GDP target in 2019 as promise with the 2015 election campaign.
Fiscal Management Cycle| Debt | Surpluses (Deficits) Canada | September 2019paul young cpa, cga
This presentation looks at deficit and debt management by Trudeau and the Liberals. The liberals ran a campaign in 2015 on modest deficits. It is now 2018-2019 as such the deficit is now nearly 19B or about 3x times higher.
Many factors go into fiscal management cycle including growth, key focus points, infrastructure, etc.
GDP per capita has fallen under Trudeau
Trudeau will not hit his 27% Debt to GDP target in 2019 as promise with the 2015 election campaign.
2019 Election| Fiscal Management Cycle| Canada | Issues and Analysis | August...paul young cpa, cga
This document provides an analysis of fiscal management under Prime Minister Justin Trudeau and the Liberal Party of Canada (LPC) compared to previous Conservative Party of Canada (CPC) administrations. It includes summaries of Canada's annual financial statements, deficits, GDP growth, spending, and taxation levels over time. Blog posts discuss deficits, debt, economic growth, and the records of Paul Martin and Stephen Harper on fiscal management. The document examines government documents and statistics to analyze the fiscal impacts of decisions made by different Canadian governments.
Part of the role of government is collect tax and the spend tax dollars on social programs. The liberals came to power after the CPC left $1B surplus. The Liberals turned the $1B deficit into $18B deficits. Liberals spending did nothing for the economy. You argue that bad policies by the liberals in areas like regulations, taxation, infrastructure, etc set growth back.
This presentation will show what has happen to Canada fiscal management cycle since Justin Trudeau took office November 1, 2018.
BTW:
Budgets do not balance themselves
Harper faced 2008-2009 recession which included demands by the opposition to introduce a stimulus - https://www.slideshare.net/paulyoungcga/fiscal-management-cycle-debt-surpluses-deficits-canada-september-2019
Harper was not perfect and did make mistakes but never had any ethical violations like Trudeau - https://www.cbc.ca/news/politics/mario-dion-report-justin-trudeau-1.5247209
2019 Election| Poverty and Income Inequality| August 2019paul young cpa, cga
This document provides a summary of Paul Young's views on income inequality and potential policy solutions. It discusses that income inequality is an issue globally and in Canada. Paul argues that consumption taxes disproportionately hurt low to middle income earners. Some of the policies Paul recommends to reduce inequality include reforming government compensation, promoting economic growth, strengthening the middle class through job creation, and ensuring funding for healthcare, education and social programs.
Liberal Party of Canada – Election promises - September 2017paul young cpa, cga
- This document provides a summary of election promises made by the Liberal Party of Canada and an analysis of their fulfillment of these promises since forming the government in 2015.
- Key areas discussed include the economy, taxes, deficits, transparency, and policies impacting small businesses and immigration. It is argued that many promises have been broken or delayed, such as tax cuts for the middle class, and policies have increased taxes rather than lowered them. Deficits have been larger than promised due to lower GDP growth.
- Sources are provided for further details on specific policies and claims.
This document compares the economic policies and records of the Harper/CPC and Trudeau/LPC governments in Canada. It discusses GDP growth, deficits, austerity measures, tax policies, global rankings, and issues like affordability, the environment, and poverty. The document provides data and statistics to argue that Trudeau's economic policies have not improved GDP or jobs and that Harper restored funding after austerity cuts while keeping taxes low and competitive globally.
This document provides a summary of ways to potentially address income inequality by Paul Young CPA CGA. It discusses that income inequality is an issue around the world and in Canada. It suggests that consumption taxes disproportionately impact low to middle income earners. Potential solutions proposed include reforming government compensation, promoting economic growth, redistributing wealth, and funding healthcare, education and social programs. Ensuring a strong middle class through job creation is also recommended.
Scorecard| Liberal Party of Canada| Fiscal and Economic| paul young cpa, cga
1. The document provides an agenda and analysis of Canada's economic and fiscal performance under Prime Minister Trudeau from November 2015 to April 2020. It covers topics like GDP growth, deficits, housing, job quality, immigration, and recommendations for reform.
2. Key issues discussed include high budget deficits, a lack of transparency and oversight in spending, ethical issues around programs like WE Charity, and the need for reforms to improve transparency, accountability and the supply chain post-COVID.
3. The document argues that while COVID has created major challenges, both the federal and provincial governments need reforms to improve transparency and transform the economy in areas like job quality, immigration and infrastructure.
This document discusses the economic outlook for Canada post-pandemic. It begins with an agenda covering topics like GDP, government spending, the stock market, household debt, farm incomes, and more. It then discusses challenges like high household debt levels, the need to transform government spending and operations, and job losses expected in March 2020. Suggestions are provided for economic recovery, including government stimulus programs, gradually reopening provinces while maintaining health measures, and long-term strategies around infrastructure spending, skills training, tax reform and encouraging domestic manufacturing.
Trudeau government did not have the answer for slow growth
Government role with the economy is to support policies that encourage public sector growth
Global economy is competitive. Liberals are introducing hikes to CPP as well as a new Carbon Tax
Governments should neither get all credit for growing economy nor for a slowing economy
Canada’s GDP growth has been consistent for 15+ years and that is rate of about 2.2%.
Liberals infrastructure plan has been very slow which has not help construction industry since they took office in 2015
Liberals are on path to $100B new debt with growth rates same as the past 15+ years
This presentation will look at key commitments made during the 2015 election as part evaluating the government performance on key files.
This presentation is one opinion as such it is up to individuals to do their own research as part of understanding if the Liberal Party of Canada has met its election promises.
The document provides an agenda for discussing Ontario and federal fiscal management. It outlines issues with Ontario's fiscal management under the previous Liberal government, including failing to implement recommendations from reports on autism funding and education cuts. It also criticizes the federal Liberal government for running deficits without a balanced budget plan and increasing national debt levels. Key areas of spending like healthcare, education and energy policy are examined.
2015 (CPC) vs 2019 (LPC) - Are Canadians better off in 2019?paul young cpa, cga
This presentation discusses key policy areas including a comparison between 2015 and Liberal Government record. The rankings used can vary a little due to timing of the rankings.
Liberals changed many policies over the years, but very few times does either MSM or social media call out their failures
Trudeau and his team constantly provide data that is neither supported nor completely accurate
Harper was not perfect in terms of his policy, but he was very successful as he faced numerous challenges, i.e. global recession, minority parliament, hostile premiers (i.e. PQ and ON) - https://www.slideshare.net/paulyoungcga/cpc-and-stephen-harper-years-as-prime-minister
The document is a summary and analysis of Canada's GDP and job market by Paul Young, CPA. It discusses various factors that influence GDP, including government spending, consumer spending, taxation and business returns. While governments often take credit for strong economies, 2/3 of GDP is typically driven by consumer spending. Higher taxes can reduce consumers' disposable income and lead to less spending. The document analyzes GDP and employment data from various periods under Liberal and Conservative governments in Canada. It argues the Liberals' policies of tax increases and canceled pipelines have negatively impacted GDP growth and job opportunities compared to under the previous Conservative government.
Real GDP rose 3.0% in 2017, following 1.4% growth in 2016. Much of this growth was attributable to the first two quarters of 2017, with deceleration observed toward the end of the year.
Final domestic demand advanced 3.0% with steady growth throughout the year.
Household final consumption expenditure rose 3.5%, with increased outlays on goods (+3.9%) and services (+3.2%). Increased expenditures on insurance and financial services (+5.0%) and purchases of vehicles (+6.3%) were strong contributors to growth.
Business gross fixed capital formation rose 2.6%, following a 4.5% decline in 2016. Investment in machinery and equipment (+6.0%) and residential structures (+3.1%) both increased sharply. Investment in non-residential structures rose 0.3%, following two annual declines.
Also contributing to growth was business investment in inventories, up by $13.9 billion, of which $13.6 billion was in non-farm inventories. Manufacturers, wholesalers, and retailers all added to their stocks in each quarter.
Exports grew 1.0% for the second consecutive year, with gains in both goods (+0.6%) and services (+2.8%). Imports increased 3.6% after falling 1.0% in 2016.
Compensation of employees rose 3.9% (nominal terms), contributing to a 4.8% gain in household disposable income.
This was slightly faster than the growth in household final consumption expenditure (+4.6%), and the household saving rate consequently edged up to 3.6%.
The gross operating surplus of corporations increased 9.5% as earnings of both non-financial and financial corporations rose sharply.
Expressed at an annualized rate, real GDP rose 1.7% in the fourth quarter. In comparison, real GDP in the United States grew 2.5%.
More op-eds by CBC as an attempt to show @justintrudeau managing of the financing is on par with Harper
• Trudeau has increase overall spending from year over year average was 6.7% as compare to Harper’s 3.8%
• Trudeau took $1B surplus and turned it into $18B deficit
• Trudeau decided to slash the AG performance management audits, why?
• Trudeau has a made a mess of every file including immigration - https://torontosun.com/news/national/illegal-border-processing-costs-alone-to-exceed-1-billion-pbo-report
• Trudeau’s policies are more about votes than sound policies. The tax cut did little when you factor in Trudeau eliminated income tax splitting, boutique tax credits and hiked CPP - https://www.thechronicleherald.ca/news/canada/for-millennials-in-canada-the-middle-class-dream-slips-a-little-further-away-oecd-300708/ or https://www.slideshare.net/paulyoungcga/2019-election-middle-class-canada-june-2019
• Trudeau’s policies have made Canada less competitive - https://www.slideshare.net/paulyoungcga/2019-election-canada-and-global-competitiveness-may-2019
• You cannot not just look at GDP ratios. You also need to look at outcomes along with expense growth year over year in relation to Taxation and GDP growth - https://www.slideshare.net/paulyoungcga/2019-election-gdp-and-economy-canada
• Trudeau’s policies have support only 10% increase in goods producing sector jobs. Goods producing sector jobs pay on average 40% more than service sector jobs. - https://www.slideshare.net/paulyoungcga/2019-election-employment-market-canada-may-2019
Many different groups will write paper and/or articles on government from their perspective. It is important for readers to review all sources when it comes to debating various government policies
Justin Trudeau constantly calls out the Harper era like he did in 2015. The problem is Trudeau never discuss details as the details tell a different picture.
This presentation will look the work Conservative Party of Canada under Prime Minster Stephen Harper.
The presentation will focus on government spending, taxation, middle class, GDP, Labour Market and other areas
This document discusses Canada's budget surplus debate between the Conservatives and Liberals. It provides background on Paul Young and his expertise. The main points discussed are:
- Paul Martin left a $13B surplus when he stepped down, which the Conservatives inherited
- The Conservatives reduced taxes but also increased transfers to provinces, putting more money back into the economy
- Both the Liberals and Conservatives supported stimulus spending during the 2008-2009 recession
Fiscal management – Conservative Party of Canada - PM Harperpaul young cpa, cga
Many articles have been written on how PM Harper was poor fiscal management. Yet many of the articles either never deal with recession which included a stimulus or the fact austerity measures of required in the 1990s forced the government to put moneys back into the system through wealth distribution (Transfer to people and provinces)
2019 Election - What Party has the path that is best forward for Canadians? paul young cpa, cga
This presentation discusses key policy areas including a comparison between 2015 and Liberal Government record. The rankings used can vary a little due to timing of the rankings.
Liberals changed many policies over the years, but very few times does either MSM or social media call out their failures
Trudeau and his team constantly provide data that is neither supported nor completely accurate
Harper was not perfect in terms of his policy, but he was very successful as he faced numerous challenges, i.e. global recession, minority parliament, hostile premiers (i.e. PQ and ON) - https://www.slideshare.net/paulyoungcga/cpc-and-stephen-harper-years-as-prime-minister
- The document discusses Canada's debt-to-GDP ratio, which measures government debt as a percentage of GDP. It notes that Canada has one of the lowest debt-to-GDP ratios in the G7.
- It examines fiscal policies and spending/deficits under different governments in Canada. Austerity measures in the 1990s under Paul Martin focused on spending cuts rather than tax increases.
- Data on debt-to-GDP ratios, government spending, taxation, surpluses and deficits over time in Canada are presented from various sources to analyze fiscal trends and debates around these issues.
This document provides a summary and analysis of policies from the NDP, Liberals, and PC parties in Ontario on issues related to the economy and public services. It includes sections on job creation, government spending, healthcare, education, municipal issues, hydro rates, taxes on the top 1%, and competitiveness. For each issue, it provides data and links to sources analyzing the impact and track record of each party. The author is a CPA who operates as a consultant providing financial solutions and analysis on various public policy issues.
Liberals ran a platform on being more open and transparent when it came to governing Canada - https://www.liberal.ca/openness-and-transparency/
This presentation will discuss key failures when it comes to open and transparent government
This document discusses Canada's deficit, debt, spending, and economic growth under Prime Minister Harper's government. It provides statistics on debt to GDP, program spending, revenue, and budget balances. It also analyzes criticisms from opposition parties like the NDP and Liberals, arguing they fail to consider external economic factors like the 2008 recession or improvements to transfers to provinces. The document questions why opposition parties do not discuss other federal programs or policies impacting investment and economic growth.
This presentation looks at fiscal management for Liberal Party of Canada. The Liberals ran a 2015 election campaign on modest deficits as such those deficits are now $22B.
This document analyzes major policy areas of the Liberal government since 2015, comparing data and facts from various periods of leadership. It addresses topics like GDP, employment, household debt, deficits, taxes, poverty, affordability and more. The presentation aims to provide factual context to claims made by politicians to help inform voters. It argues some Liberal policies have not been as effective as stated and more balanced approaches are needed considering both economic and environmental factors.
2019 Election| Retirement| Payroll Tax| CPP | Canada| August 2019paul young cpa, cga
Here is a review of CPP including the fact CPP is payroll tax. The only difference between CPP and Income tax is that CPP goes to specific fund that the government cannot touch directly.
2019 Election| Fiscally Responsible Government| Canada| September 2019paul young cpa, cga
This document provides an agenda for a discussion on public sector efficiency in Canada in September 2019. It includes sections on emerging markets, public sector effectiveness, blogs on the auditor general and public sector compensation, and gaps in financial planning and analysis. Solutions proposed focus on making government more lean and efficient, ensuring value for money in programs, maintaining competitive tax rates, and requiring politicians to have training in finance.
This document provides an analysis of Canada's GDP and economic growth under different Prime Ministers. It includes biographical information about the author, Paul Young. Several sources are cited that discuss GDP growth rates and key economic factors under Harper and Trudeau. Justin Trudeau previously criticized Harper's economic record. However, the document argues that Harper pursued various policies to support trade, innovation and economic growth. It also questions whether Trudeau's policies around clean technology and carbon taxation have significantly boosted jobs and growth. Overall, the document takes a skeptical view of claims that Harper damaged the economy and questions whether growth has meaningfully increased under Trudeau.
Similar to CPC vs LPC: Deficits and Surplus Analysis (19)
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptxpaul young cpa, cga
Canadian retail sales dropped 0.3% in August, the first decline since March, as higher interest rates start to impact household budgets. Seven of the nine retail subsectors saw sales increases in July, led by food and beverage retailers, while motor vehicle and parts dealers saw the largest decrease. Excluding autos, retail sales in July rose 1%, double expectations. The report suggests Canadians are tightening spending as more face higher mortgage payments and gas prices due to Bank of Canada rate hikes aimed at slowing inflation.
Addressing issues with the Public Sector Governance Model.pptxpaul young cpa, cga
The key challenges facing Australian business leaders in 2023 include:
1. Talent acquisition, retention and training staff for digital transformation.
2. Implementing successful digital transformation while managing cyber risks.
3. Adapting to changing regulations and reporting requirements.
Health risks from COVID-19, social reputation concerns, and disruptive emerging technologies are also significant social challenges impacting Australian businesses. Over the next 3-5 years, talent management for digitization, cybersecurity, digital transformation, regulatory changes, and identifying new growth opportunities will be the top challenges according to business leaders.
Global Housing Market Analysis and Commentary- September 2023.pptxpaul young cpa, cga
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptxpaul young cpa, cga
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
- Canadian manufacturing sales increased 1.6% in July, led by higher sales in food products, petroleum and coal products, and transportation equipment. Paper and plastics sales decreased the most.
- Inventory levels increased slightly while unfilled orders decreased, pointing to a potential slowdown.
- The manufacturing sector in Canada will continue to face challenges such as global economic uncertainty, rising costs, supply chain issues, climate change risks, and skills shortages.
Electricity Analysis - Canada and the OECD - June 2023.pptxpaul young cpa, cga
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...paul young cpa, cga
The document provides an overview of key metrics and trends in the logistics, warehousing, distribution, and transportation sector. It includes data on consumer price index, diesel fuel costs, freight indexes, e-commerce sales, retail sales, class 8 truck sales, EPA emissions standards, trailer sales, and tonnage. It also discusses supply chain management solutions like planning analytics, blockchain, and AI assistants. Finally, it touches on topics like infrastructure spending, automation, and ESG reporting.
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...paul young cpa, cga
United States retail sales rose 0.6% in August despite flat sales at internet retailers after Amazon Prime Day. Most of the increase was due to higher gasoline prices. While consumer spending has been strong, higher interest rates and a slowdown in hiring are expected to restrain purchases in the coming months. Forecasters predict the 2023 holiday shopping season could be the weakest in five years due to economic challenges facing consumers. The retail sector continues facing inventory management challenges and social governance issues.
How to improve the Governance Model for the Public Sector - United States - S...paul young cpa, cga
This document provides a summary of strategies to improve governance in government. It discusses factors that impact governance like transparency and accountability. It recommends using performance audits to assess key performance indicators and ensure recommendations are implemented. Other strategies include improving data ethics and literacy, mitigating geopolitical risks, adopting ESG reporting, and using technology like audit analytics and AI to enhance governance. The overall goal is for government to deliver programs and tax policies with value for money and transparency.
This document provides an analysis of the agriculture output and equipment sector for August 2023. It includes discussions of commodity prices, crop estimates, energy prices, food prices, farming incomes, top farming states, food processors, and the role of technology and government in farming. Key points covered include rising input costs challenging farmers, preliminary crop estimates for Canada, volatility in oil and diesel prices impacting farm expenses, and opportunities for data and automation to help address issues in the agriculture industry.
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...paul young cpa, cga
This document provides an overview and agenda for a presentation on the biotech, pharmaceutical, and healthcare sector. It includes:
- An introduction and biography of presenter Paul Young CPA CGA
- An agenda covering topics like vaccine production, drug discovery, innovation in areas like storage and AI, and the life sciences strategy
- Links and summaries of information on these topics, including the top vaccine manufacturers, regulations in Canada, and growth in the pharmaceutical market
The presentation aims to discuss key areas of the biotech/pharmaceutical sector including vaccine development and production, drug discovery, innovation, and strategies for the life sciences industry. Links and outside sources are provided to support the topics in the agenda.
Better Public Safety Management using Analytics - September 2023.pptxpaul young cpa, cga
This document discusses using analytics to improve public safety management. It outlines rising public safety costs for governments and key issues facing policing like complex crimes and accountability. The document presents crime rate data for Canada and discusses building machine learning models in SPSS and dashboards in Cognos Analytics to analyze police data and forecast expenses. Finally, it lists potential next steps for crime in Canada like bail and corrections reforms, gun control, and increased police oversight.
Stock Market Analysis and Commentary for WE September 9 2023.pptxpaul young cpa, cga
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Workforce Planning and Employment Analysis - August 2023.pptxpaul young cpa, cga
The document discusses workforce planning and employment analysis. It provides an overview of employment statistics in the United States, Canada, and Australia. It then discusses Sysco's workforce planning model and the role of the CFO in workforce planning. Finally, it defines autonomous finance as the automation of financial operations through software and algorithms, and provides some key statistics on its adoption.
Global Automotive - Analysis and Commentary - August 2023.pptxpaul young cpa, cga
This presentation provides an overview of key trends in the global automotive sector in August 2023. It discusses 1) sales trends in Canada, the US and globally, 2) the growth of electric vehicles and focus on reducing emissions, and 3) ongoing transformation in the industry through automation, connectivity and new technologies. Sources included discuss topics like electric vehicle production and adoption, public safety issues regarding EV fires, gasoline and car prices, supply chain challenges, and green transitions in transportation.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...paul young cpa, cga
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptxpaul young cpa, cga
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
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After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
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In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
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OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
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CPC vs LPC: Deficits and Surplus Analysis
1. CPC VS LPC DEFICITS –
ANALYSIS AND
COMMENTARY
BY: PAUL YOUNG, CPA, CGA
DATE: DECEMBER 27, 2018
2. PAUL YOUNG - BIO
• CPA, CGA
• Financial Solutions
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. INTRODUCTI
ON
• This presentation looks at deficit and debt
management by Trudeau and the Liberals. The
liberals ran a campaign in 2015 on modest
deficits. It is now 2018-2019 as such the
deficit is now nearly 19B or about 3x times
higher.
9. REFUGEE / COST – UNBUDGETED - $365M
• http://www.rcinet.ca/en/2016/11/22/bringing-25000-syrian-refugees-to-
canada-cost-385m/
The Conservatives pledge that if re-elected, they will allow a further 10,000
Syrians in over the next four years, continuing a focus on those being
persecuted because of religion. (This works out to be 2,500 as compare to
liberals plan of 25,000. The budget never reflected 22,500 new refugees.
10. JUSTIN TRUDEAU SPENDING
• http://www.torontosun.com/2017/05/11/trudeau-has-second-highest-
per-person-spending-since-1870
Prime Minister Justin Trudeau is leading one of the the costliest governments since 1870,
according to a study by the Fraser Institute released Thursday.
The study looks at per-person spending by all of the prime ministers, year over year, adjusted
for 2017 dollars. According to its data, the Liberal prime minister's budget for 2017 amounts to
the second highest year for spending, with a projected $8,337 per-person spending, putting it
just $38 shy of Stephen Harper's 2009 Conservative government, which was dealing with a
recession.
Since taking office in 2015, Trudeau has also increased per-person spending at an average of
5.2% a year, which is far higher than Harper's, whose spending, from 2006 to 2015, increased
at an average of 1.3% per year. This even eclipses that of his late father, Pierre Elliott Trudeau,
the Liberal prime minister from 1968-1978 and 1980-1984, whose average spending increase
was 4.2% per year.
11. TRUDEAU ON DEFICITS
• https://www.youtube.com/watch?v=py1t3tGqCuk or http://www.cbc.ca/news/politics/canada-election-2015-
stephen-harper-jobs-analysis-1.3254371 http://www.nationalobserver.com/2015/05/21/news/harper-worst-
prime-minister-economic-growth-great-depression-trudeau
OTTAWA — "Prime Minister Harper has the worst record o
any prime minister on economic growth since R. B. Bennet
in the depths of the Great Depression." — Liberal Leader
Justin Trudeau, Friday, May 15, 2015.
Though Justin Trudeau said it as recently as last week, the
Liberals have been claiming since at least 2013 that
Canada's economic growth under the Harper-led
Conservative government has been the worst since the
1930s.
12. BLOG #1 – DEFICIT
Here are some factors from the government documents
that for some reason you did not read
1. 2009-2010 Budget -
http://www.budget.gc.ca/2009/pdf/budget-
planbugetaire-eng.pdf - page 24 discusses the
automotive loans - Offering short-term repayable loans
to the automotive sector in collaboration with the
Ontario and U.S. governments or page 82 The
Government, through EDC, has contributed almost $3
billion in short-term loans to support the automotive
industry in Canada.
2. GM file for bankruptcy protection as it restructured its
business - http://www.cbc.ca/news/business/car-giant-
gm-files-for-bankruptcy-protection-1.812398
3. Chrysler also filed for bankruptcy protection -
http://www.forbes.com/2009/05/06/chrysler-gm-fiat-
bankruptcy-opinions-columnists-nouriel-roubini.html
4. Ford never asked for bailout
13. BLOG #1 – DEFICIT What is the value the government recorded those shares on the financial
Statements?
http://www.thecanadianpress.com/english/online/OnlineFullStory.aspx?file
name=DOR-MNN-
CP.ecd551301cb345bf829a8baced24da04.CPKEY2008111300&newsitemid=
32623847&languageid=1
1. The government purchased the shares – “Late Thursday, a finance
official said the shares were initially booked at a value of
$15.31 per share.:
2. The government sold the shares for what price?
http://www.bloomberg.com/news/articles/2015-04-
06/canada-to-sell-final-73-4-million-shares-of-gm-from-
bailout. It seems there was gain on selling the sales.
3. Government records revenue and expenses as such if the
government is going to lose money on share offering then
that would have meant a higher deficit. The government
made money off the share value.
4. Chrysler paid back the loans -
http://www.cbc.ca/news/business/chrysler-nears-7-5b-bailout-
payback-1.1026704
5. GM - http://www.cbc.ca/news/canada/windsor/ottawa-doesn-t-regret-
gm-bailout-1.880819
15. BLOG #3 – DEFICIT
• TWEET: GDP and Deficit
• https://www.youtube.com/watch?v=31WB8O_5lc4
•
• Harper and finances - https://www.youtube.com/watch?v=4xGM6_RQIsw
•
• Opposition -
•
• This video is from earlier in the year, but shows Trudeau blaming Harper. The funny thing nothing was
mentioned about the global recession. Liberals love to hide that information from view.
•
• GDP growth rate for 2016 and 2017 is 2.2% which is on par with the past 15+ years. If you ignored the
recession then GDP would be 2.2% under Harper which is like what Trudeau has achieved since taking
office. https://www.slideshare.net/paulyoungcga/truth-gdp-canada-december-2017 or
https://www.slideshare.net/paulyoungcga/fiscal-management-conservative-party-of-canada-pm-
harper or https://www.slideshare.net/paulyoungcga/2018-fiscal-management-plan-canada-february-
2018
16. BLOG #4 – GM SALE
Source – Government of Canada
• GM sales happen in 2014-2015 (April 2014 to March
• From April 2015 to November 2015 there was $1B de
17. NO BALANCE BUDGET UNTIL 2040
Source - https://globalnews.ca/news/4787265/federal-budget-balance-
The federal budget won’t be balanced until at least 2040,
the Finance Department said Friday, providing fresh figures
for parties looking to position themselves with voters as
the best stewards of the public purse.
Federal officials estimate it will take another 22 years to get
a balanced budget – five years earlier than the Liberal
government predicted last year – if there are no major
economic shocks or new government spending.
18. TRUDEAU / DEFICITS
• Trudeau is only looking at one ration (Debt
to GDP) and not other ratios
• Based on both the PBO and Finance Dept
the budget will not be balance for 22 years.
https://www.cbc.ca/news/politics/finance-
department-budget-balance-projection-
1.4956649
• Canada has a structural deficit which
Trudeau does not seem to grasp
• Canada economic growth is on par with the
past 17+ years -
https://www.scotiabank.com/ca/en/about/
global-economics/scotiabank-forecast-
tables.html
• Liberals deficits are good but CPC deficits
are bad, right?
https://www.slideshare.net/paulyoungcga/
cpc-fiscal-and-economic-analysis-pm-
harper-years
21. BLOG –
DEFICIT
AND DEBT
• Canada has structural deficit now. I did work on
the budget and it is full of holes.
• Hey Don, why do you never asked Morneau,
Trudeau or others why $59B in deficits is only
supporting 2.1% GDP growth. Harper had 2.3%
GDP growth after the recession.
• https://www.slideshare.net/paulyoungcga/gdp
-canada-real-truth-march-2018 or
https://www.slideshare.net/paulyoungcga/step
hen-harper-and-cpc-fiscal-record-june-2018
22. PAUL MARTIN / DEFICIT MANAGEMENT
• This provides a great context on how Martin was able to slay the deficit and reduced the debt! The LPC will never say
that hardship was felt by cuts to services and/or raiding of funds or the facts spending was delayed to future periods
(i.e. transfers to the provinces or infrastructure):
http://www.canadahistory.com/sections/eras/moderncanada/budget_surplus.htm or
https://www.policyalternatives.ca/newsroom/news-releases/martins-economic-record-marked-increased-income-
inequality-no-real-wage-gains
• Or
• BTW: Is JT’s Advertisement not talking about the cost of living or stagnation with wages? So, if Harper is to blame then
so should Martin, right? Was Martin not LPC member?
• Liberal Party of Canada never once commented on the above posts, but say Martin slay the deficit/debt! It is not just
about the overall result, but what happen down the road when Mr. Harper took office as part of restoring dedicated
funding to the provinces and/or infrastructure and the increasing of direct program spending:
http://www.slideshare.net/paulyoungcga/canada-deficit or http://www.slideshare.net/paulyoungcga/municipalities-
canada or http://www.slideshare.net/paulyoungcga/provincial-transfers-and-program-spending. Or
https://www.policyalternatives.ca/sites/default/files/uploads/publications/National_Office_Pubs/hellandhighwater.pd
Source -
https://www.policyalternatives.ca/public
ations/monitor/beware-canadian-
austerity-model
Paul Martin Deficit Reduction Plan
23. BLOC, NDP AND LIBERALS SIGNED
AGREEMENT
• “Dion, who previously announced he would step down as Liberal leader,
also pledged he would hand over "a strong government for a stronger
Canada" to his Liberal successor on May 2. I am honoured to do that,"
Dion said. Layton said the accord's proposed multibillion-dollar stimulus
package for the troubled economy, which includes support for the auto
and forestry sectors, is "prompt, prudent, competent and, most
important, effective.“ This Parliament has failed to act, and it falls on us
to act," Layton said.
”Source - https://www.cbc.ca/news/canada/liberals-ndp-bloc-sign-deal-
on-proposed-coalition-1.700119
24. SUMMARY
• Trudeau has grown spending on average 5.2% or
about 2.5 times GDP
• Trudeau has committed $2.65B or more to the
United Nationals
• Canada was hit with GDP drop in 2016 due to wild
fires in Alberta. Justin Trudeau two year average for
GDP growth is 2.0% which is on par with the past
16+ years
• Liberals ran election campaign on $10B deficits
and now claim part of the $22B deficits are
structural issues left by the CPC
• Canada has a structural deficit as revenues
continue to be challenge through slow growth.
Editor's Notes
1. Fiscal Monitor - https://www.fin.gc.ca/fiscmon-revfin/2016-03-eng.asp and https://www.fin.gc.ca/fiscmon-revfin/2015-11-eng.asp