I support the need to look at better ways to support childcare including providing parents with different options. The PQ model is far from effective due to its wait list. More thoughts need to go into how best to allocate precious money to childcare including more oversight.
1. Daycare costs - https://www.mother.ly/life/news/news-trending/the-decade-that-made-childcare-unaffordable
2. Child Benefit program needs a review as it is costing over $7B per year and not achieving the results claim by the government - https://www.fraserinstitute.org/studies/does-the-canada-child-benefit-actually-reduce-child-poverty
3. Government is not addressing issues with energy poverty. Energy poverty is leading to decisions made by families in terms of their household budget - https://www.sciencedirect.com/science/article/abs/pii/S2214629621003303
4. There are job quality and employment issues facing Canadians across Canada - https://financialpost.com/news/economy/canadas-unemployment-is-high-but-the-number-of-people-quitting-jobs-is-also-rising-whats-going-on
5. Size of government is also becoming a problem when it comes to delivering of program spending with value for money - https://www.bostonglobe.com/2021/10/05/business/big-tech-is-major-problem-big-government-might-make-it-worse/
6. Childcare costs - https://www.nytimes.com/2021/10/06/upshot/child-care-biden.html
7. Carbon taxation - https://www.baytoday.ca/local-news/bill-to-stop-the-spikes-in-gas-prices-ignored-by-the-government-says-ndp-4491479
8. Inflation - https://www.reuters.com/business/imf-sees-global-gdp-2021-slightly-below-prior-forecast-6-2021-10-05/
9. Childcare workers on average make less than the average wage - https://ca.talent.com/salary?job=child+development Canadians need to make at least 50-60K to live a decent life in Canada - https://www.slideshare.net/paulyoungcga/what-is-happening-with-wages-in-canada
10. Canada and other countries need to focus on policies that support economic growth. Strong economies help better support social programs and wages - https://www.slideshare.net/paulyoungcga/canada-economic-and-fiscal-scorecard-august-2021-and-july-2021
Blog – Tax Fairness and Wealth Taxation – Canada and the World – November 2021
The average total income for all tax filers grew 0.7% to $51,000 in 2019. However, total income grew at a faster pace for tax filers at the top of the income distribution compared with those in the middle or at the bottom.
Average total income for the top 1 percent of Canadian tax filers grew 1.8% in 2019, compared with a 0.8% increase among the bottom 50 percent. Average income was relatively unchanged for those in the upper middle of the distribution (51st to the 90th percentiles).
Moreover, the average total income growth for the top 0.1 percent (+5.5%) and the top 0.01 percent (+13.9%) of tax filers greatly outpaced those in the top 1 percent.
The growth in the total income of high-income tax filers was largely driven by dividend income. For example, while average employment income for tax filers in the top 1 percent increased by half a percentage point in 2019, their average dividend income grew by 10.5%. The average dividend incomes grew even faster for tax filers in the top 0.1% (+18.9%) and top 0.01% (+34.8%) in 2019
Canadian tax filers spent, on average, 11.8% of their modified total income on federal, provincial/territorial income taxes and employee contributions to Employment Insurance and the Canada/Quebec Pension Plan (federal payroll taxes) in 2019, unchanged from 2018.
How to Mitigate the threats of Climate Change - November 2021paul young cpa, cga
Blog – How to mitigate the impact of Climate Change
Weather over the years has played havoc to infrastructure related to both public and private sector. More needs to be done as part of mitigating the impact from weather.
1. Emissions - https://financialpost.com/commodities/energy/oil-gas/mark-carney-says-carbon-offsets-must-be-limited-to-residual-emissions
2. Diet - https://ca.news.yahoo.com/mens-meaty-diets-lead-to-40-more-carbon-emissions-than-women-163542976.html
3. Rail - https://newscenter.lbl.gov/2021/11/23/big-batteries-on-wheels-can-deliver-zero-emissions-rail-while-securing-the-grid/
4. Emissions - https://finance.yahoo.com/news/opinion-guest-view-states-must-210012259.html
5. Cement - https://www.architectmagazine.com/technology/post-cop26-how-green-can-we-make-concrete_o
6. Hydrogen - https://www.metaltechnews.com/story/2021/11/24/tech-bytes/french-hydrogen-for-cement-steelmaking/777.html
7. Electrical vehicles - https://www.deccanherald.com/science-and-environment/electric-cars-arent-enough-to-hit-climate-targets-1053979.html
8. Land - https://www.careourearth.com/the-list-of-countries-ranked-by-co2-emissions-per-square-kilometer/
9. Flood mitigation – https://globalnews.ca/news/8397330/bc-flood-warnings-ignored/
10. Smart cities - https://www.smartcitiesdive.com/news/smart-cities-grapple-with-equity-issues-heightened-by-the-pandemic/610372/
11. Urban Planning - https://www.smartcitiesdive.com/news/are-digital-twins-the-future-of-urban-planning/609232/
12. Urban Planning - https://www2.deloitte.com/xe/en/insights/industry/public-sector/future-of-cities.html
13. Food - https://dailynewsegypt.com/2021/11/23/food-security-should-be-at-heart-of-climate-change-mitigation-environment-minister/
Canada| Economic and Fiscal Scorecard| October 2021 and September 2021paul young cpa, cga
Blog – Canada – Economic Scorecard for October 2021 and September 2021
a) GDP grew at 5.3% annual pace in the 3Q21 - https://www.bnnbloomberg.ca/statistics-canada-says-gdp-grew-at-5-4-annual-rate-in-q3-1.1688906
b) Wages expected to rise by 2.7% in 2022 - https://www.benefitscanada.com/news/bencan/survey-says-wages-set-to-rise-2-7-in-2022-as-inflation-hits-new-high/
c) Food bank - https://www.theglobeandmail.com/canada/article-nearly-600000-people-accessed-ontario-food-banks-last-year-report-2/
d) Micro housing promoted by CMHC - https://www.theglobeandmail.com/canada/article-nearly-600000-people-accessed-ontario-food-banks-last-year-report-2/
e) Food costs - https://www.marketscreener.com/news/latest/Food-commodity-markets-Stable-with-considerable-upside-price-risks--37157673/
f) Fertilizer - https://theeagle.com/landandlivestockpost/fertilizer-prices-continue-record-climb/article_50b1886e-432b-11ec-b19f-bfb24750ac08.html
g) Commodities - https://www.bloomberg.com/markets/commodities
h) GDP growth has been led by government spending and housing. The goods-producing sector continues to struggle with growth. Real gross domestic product (GDP) edged up 0.1% in September, as declines largely concentrated in manufacturing, construction and retail trade were more than offset by broad-based expansions in services-producing industries as well as in mining, quarrying and oil and gas extraction. https://www150.statcan.gc.ca/n1/daily-quotidien/211130/dq211130b-eng.htm
i) TSX - https://www.reuters.com/markets/europe/tsx-opens-higher-energy-stocks-jump-stronger-crude-2021-11-29/
What is up with Pensions and Savings for Canada and the World paul young cpa, cga
Summary:
Stock markets have been in a bull market for a year or so. There are concerns with market returns for 2022 as they could be 4-5% range.
Overall health of pensions plans is very good, but there are plans that still have solvency issues that need to be address by state, local, and federal government
All levels of government need to revisit their pension funding including tying the matching to 4-5% instead of 9-15% range. Compensation reforms must be part of the fiscal management cycle for all levels of government.
High inflation is also playing a key role with household budgets along with skyrocketing housing costs. There could be less disposable income that will be allocated to either savings or RRSPs.
Blog – Tax Fairness and Wealth Taxation – Canada and the World – November 2021
The average total income for all tax filers grew 0.7% to $51,000 in 2019. However, total income grew at a faster pace for tax filers at the top of the income distribution compared with those in the middle or at the bottom.
Average total income for the top 1 percent of Canadian tax filers grew 1.8% in 2019, compared with a 0.8% increase among the bottom 50 percent. Average income was relatively unchanged for those in the upper middle of the distribution (51st to the 90th percentiles).
Moreover, the average total income growth for the top 0.1 percent (+5.5%) and the top 0.01 percent (+13.9%) of tax filers greatly outpaced those in the top 1 percent.
The growth in the total income of high-income tax filers was largely driven by dividend income. For example, while average employment income for tax filers in the top 1 percent increased by half a percentage point in 2019, their average dividend income grew by 10.5%. The average dividend incomes grew even faster for tax filers in the top 0.1% (+18.9%) and top 0.01% (+34.8%) in 2019
Canadian tax filers spent, on average, 11.8% of their modified total income on federal, provincial/territorial income taxes and employee contributions to Employment Insurance and the Canada/Quebec Pension Plan (federal payroll taxes) in 2019, unchanged from 2018.
How to Mitigate the threats of Climate Change - November 2021paul young cpa, cga
Blog – How to mitigate the impact of Climate Change
Weather over the years has played havoc to infrastructure related to both public and private sector. More needs to be done as part of mitigating the impact from weather.
1. Emissions - https://financialpost.com/commodities/energy/oil-gas/mark-carney-says-carbon-offsets-must-be-limited-to-residual-emissions
2. Diet - https://ca.news.yahoo.com/mens-meaty-diets-lead-to-40-more-carbon-emissions-than-women-163542976.html
3. Rail - https://newscenter.lbl.gov/2021/11/23/big-batteries-on-wheels-can-deliver-zero-emissions-rail-while-securing-the-grid/
4. Emissions - https://finance.yahoo.com/news/opinion-guest-view-states-must-210012259.html
5. Cement - https://www.architectmagazine.com/technology/post-cop26-how-green-can-we-make-concrete_o
6. Hydrogen - https://www.metaltechnews.com/story/2021/11/24/tech-bytes/french-hydrogen-for-cement-steelmaking/777.html
7. Electrical vehicles - https://www.deccanherald.com/science-and-environment/electric-cars-arent-enough-to-hit-climate-targets-1053979.html
8. Land - https://www.careourearth.com/the-list-of-countries-ranked-by-co2-emissions-per-square-kilometer/
9. Flood mitigation – https://globalnews.ca/news/8397330/bc-flood-warnings-ignored/
10. Smart cities - https://www.smartcitiesdive.com/news/smart-cities-grapple-with-equity-issues-heightened-by-the-pandemic/610372/
11. Urban Planning - https://www.smartcitiesdive.com/news/are-digital-twins-the-future-of-urban-planning/609232/
12. Urban Planning - https://www2.deloitte.com/xe/en/insights/industry/public-sector/future-of-cities.html
13. Food - https://dailynewsegypt.com/2021/11/23/food-security-should-be-at-heart-of-climate-change-mitigation-environment-minister/
Canada| Economic and Fiscal Scorecard| October 2021 and September 2021paul young cpa, cga
Blog – Canada – Economic Scorecard for October 2021 and September 2021
a) GDP grew at 5.3% annual pace in the 3Q21 - https://www.bnnbloomberg.ca/statistics-canada-says-gdp-grew-at-5-4-annual-rate-in-q3-1.1688906
b) Wages expected to rise by 2.7% in 2022 - https://www.benefitscanada.com/news/bencan/survey-says-wages-set-to-rise-2-7-in-2022-as-inflation-hits-new-high/
c) Food bank - https://www.theglobeandmail.com/canada/article-nearly-600000-people-accessed-ontario-food-banks-last-year-report-2/
d) Micro housing promoted by CMHC - https://www.theglobeandmail.com/canada/article-nearly-600000-people-accessed-ontario-food-banks-last-year-report-2/
e) Food costs - https://www.marketscreener.com/news/latest/Food-commodity-markets-Stable-with-considerable-upside-price-risks--37157673/
f) Fertilizer - https://theeagle.com/landandlivestockpost/fertilizer-prices-continue-record-climb/article_50b1886e-432b-11ec-b19f-bfb24750ac08.html
g) Commodities - https://www.bloomberg.com/markets/commodities
h) GDP growth has been led by government spending and housing. The goods-producing sector continues to struggle with growth. Real gross domestic product (GDP) edged up 0.1% in September, as declines largely concentrated in manufacturing, construction and retail trade were more than offset by broad-based expansions in services-producing industries as well as in mining, quarrying and oil and gas extraction. https://www150.statcan.gc.ca/n1/daily-quotidien/211130/dq211130b-eng.htm
i) TSX - https://www.reuters.com/markets/europe/tsx-opens-higher-energy-stocks-jump-stronger-crude-2021-11-29/
What is up with Pensions and Savings for Canada and the World paul young cpa, cga
Summary:
Stock markets have been in a bull market for a year or so. There are concerns with market returns for 2022 as they could be 4-5% range.
Overall health of pensions plans is very good, but there are plans that still have solvency issues that need to be address by state, local, and federal government
All levels of government need to revisit their pension funding including tying the matching to 4-5% instead of 9-15% range. Compensation reforms must be part of the fiscal management cycle for all levels of government.
High inflation is also playing a key role with household budgets along with skyrocketing housing costs. There could be less disposable income that will be allocated to either savings or RRSPs.
1. Child care costs failure - https://www.parents.com/baby/childcare/child-care-costs-are-why-im-not-having-more-kids/
2. Costs - https://www.care.com/c/how-much-does-child-care-cost
3. Availability of spaces - https://www.cardus.ca/research/family/reports/is-there-a-shortage-of-child-care-in-canada/
4. New norm and child care – https://www.hcamag.com/nz/news/general/companies-consider-making-remote-work-the-new-norm/302121
5. Childcare model - https://policyoptions.irpp.org/magazines/july-2021/how-to-grow-an-accessible-high-quality-equitable-child-care-system/
6. PQ model - https://www.iedm.org/1921-quebecs-failed-child-care-model/
7. Child benefit - https://www.canada.ca/en/employment-social-development/news/2021/07/canada-child-benefit-5th-anniversary--indexation0.html
8. model - https://www.theglobeandmail.com/business/commentary/article-ontario-not-quebec-holds-the-model-for-child-care/
9. Best countries - https://ceoworld.biz/2021/02/01/the-worlds-best-countries-for-raising-kids-2021/
10. No consensus of how to fund child care - https://angusreid.org/child-care-in-canada/
11. ECE wages - https://www.payscale.com/research/CA/Job=Early_Childhood_Educator_(ECE)/Hourly_Rate/e894d1e7/Toronto-ON
12. Global ranking - https://www.theglobeandmail.com/canada/article-canada-trails-most-other-wealthy-countries-in-caring-for-children/ or
13. Provincial and federal moneys - https://globalnews.ca/news/8112898/new-brunswick-child-care-deal/
@justinTrudeau has no clue about inflation - Sep/19 also seen higher inflation compared to Oct/15 but there was no comment from you back in Sep/19, why? https://www.slideshare.net/paulyoungcga/2019-election-cost-of-living-canada-june-2019
Inflation was rising way before COVID19, and Trudeau were warned about policies like carbon taxes.
BTW: I love seeing Trudeau getting angry as it shows that he cannot answer questions without the appropriate word salad as a way to say people are picking on him
Blog – Dairy Sector – Canada – November 2021
Dairy sector continues to face many challenges due cost of feed and other related input costs.
Dairy prices have not risen as much as other prices.
Liberals continue to fail address issues like the impact of the carbon tax on agriculture out and food production.
1. Rising feed prices - https://www.thebeefsite.com/news/57977/canadian-farmers-face-serious-feed-shortages/
2. Oatly - https://ca.news.yahoo.com/oatly-ads-banned-making-misleading-000100110.html
3. Fertilizer - https://www.thedailyscoop.com/news/retail-industry/how-todays-fertilizer-prices-could-reshape-industry
4. Butter production - https://www.foodbusinessnews.net/articles/20477-butter-prices-soar-to-multi-year-highs
5. Higher input costs - https://www.newsbug.info/iroquois_countys_times-republic/news/agriculture/farmers-dealing-with-dramatically-higher-input-costs/article_e5f4b953-424e-5735-bf47-3e8f5cc8c8a6.html
6. Drought - https://www.reuters.com/world/americas/canadian-farmers-face-cattle-feed-shortage-due-drought-transport-strains-2022-01-25/
7. Potato - https://www.thestar.com/news/world/2022/01/25/is-canada-fighting-a-trade-war-against-its-own-potato-farmers.html
8. Cybersecurity - https://www.canadiancattlemen.ca/daily/farm-cybersecurity-campaign-seeks-farmer-input/
9. Food exports - https://www.spglobal.com/platts/en/market-insights/latest-news/agriculture/012422-canadas-common-wheat-exports-rise-63-on-week-durum-wheat-shipments-fall
10. AG and China - https://ipolitics.ca/2022/01/21/chinese-ambassador-pitches-improved-trade-to-western-canada/
11. Food security - https://globalnews.ca/news/8532207/canada-grocery-stores-food-supply-prices/
Blog – Failure of Trudeaunomics – October 2021
Inflation went from 1% in 2015 to 1.9% in 2019 and now is 4.7% in Oct/21
Public sector jobs continue to outpace the private sector jobs
GDP went from 3.0% in 2017 to 1.6% 2019 (pre-Covid)
Housing prices continue to rise
Welcome to @justinTrudeau ‘s Canada
Affordable Housing and Homelessness - Canada and the World paul young cpa, cga
Average house across Canada is now over 700K. Affordable housing continues be a top issue facing Canadians.
https://economics.bmo.com/en/publications/detail/0815533e-685e-45ac-a5ba-962dc92d5359/
1. Housing affordability – https://canada.constructconnect.com/dcn/news/projects/2021/11/no-magic-bullet-to-solve-canadas-housing-affordability-crisis-panel
2. Affordability - https://theconversation.com/why-building-more-homes-wont-solve-the-affordable-housing-problem-for-the-millions-of-people-who-need-it-most-171100
3. Income and housing - https://www.morganstanley.com/ideas/thoughts-on-the-market-us-housing
4. Heating costs - https://www.lewistownsentinel.com/opinion/editorials/2021/11/are-you-prepared-for-the-rising-cost-of-heating-your-home-this-winter/
5. Condo fees - https://toronto.ctvnews.ca/sudden-113-per-cent-spike-in-toronto-condo-fees-sparks-nasty-dispute-and-threats-1.5655442
6. Property tax - https://windsor.ctvnews.ca/city-of-windsor-tops-property-tax-list-1.5668657
7. Housing - https://www.canadianrealestatemagazine.ca/expert-advice/canadian-average-home-prices-by-city-compared-334894.aspx
8. 3D printing - https://www.woodworkingnetwork.com/closets/housing-market-boosted-3d-printing
9. Future Cities
10. Hamilton - https://globalnews.ca/news/8335432/hamilton-least-affordable-housing-q2-2021/
Blog - Forestry and Sawmill Production – Canada and the World
Lumber prices have decline but are still very high
There seems to be inconsistent policies when it comes to management of forests around the globe
The world is slow in adopting 3D housing
1. Softwood Lumber - https://www.woodworkingnetwork.com/news/woodworking-industry-news/reduced-tariffs-draws-applause
2. Prices - https://www.barchart.com/story/news/7200218/lumber-up-and-down-and-all-around
3. 3D housing - https://www.mentalfloss.com/article/535220/these-10000-concrete-homes-are-3d-printed-less-24-hours
4. Deforestation - https://www.sustainability-times.com/environmental-protection/the-great-amazon-land-grab-brazils-government-is-turning-public-land-private-driving-deforestation/
5. Wetlands - https://www.nature.com/articles/d41586-020-00098-1
6. Housing affordability - https://saportareport.com/understanding-the-housing-affordability-problem/columnists/david/
7. Urban planning - https://www.weforum.org/agenda/2022/02/innovative-global-cities-talent-property/
8. 3D housing - https://www.probuilder.com/3d-printed-technology-offers-solution-affordable-housing
9. Mortgage rates - https://ca.finance.yahoo.com/news/lumber-prices-crash-30-mortgage-120647926.html
10. Household debt - https://www.teamblind.com/post/21t-national-debt-15-trillion-household-debt-in-usa-and-21-trillion-in-annual-gdp--are-we-doomed-rtZ0Dj5Q
11. Housing bubble - https://betterdwelling.com/
12. Insurance - https://ca.news.yahoo.com/extreme-weather-rising-insurance-rates-160054947.html
13. Heating costs - https://carolinapublicpress.org/51169/heating-costs-and-power-grid-stability-create-concerns-in-cold-temperatures/
Canada’s Jan/22 inflation of 5.1% is the highest since 1991. You can bet the @JustinTrudeau will blame the trucker's protest for the high inflation and not his carbon tax or high taxes or excessive regulation or overspending or other areas of policies!
Summary:
Farm incomes continue to be strong.
AG equipment sales had a banner year in 2021.
More and more farmers will continue to adopt expert farming and sustainable practices when it comes to managing their crop yields.
Agriculture subsidies continue to be a focus area as countries look to expand their AG exports.
1. Crop yields – http://geographical.co.uk/people/development/item/4253-adapt-to-survive
2. Crop insurance and Expert farming - https://www.agri-pulse.com/articles/16975-direct-checks-expected-to-ignite-cover-crop-surge-crop-insurance-may-play-role-too
3. Vertical farming - https://www.hortweek.com/pioneers-shaping-future-vertical-farming/fresh-produce/article/1737366
4. Ag subsidies - https://www.oxfordmartin.ox.ac.uk/blog/meat-and-dairy-gobble-up-farming-subsidies/
5. Trade - https://www.wattagnet.com/articles/44271-now-is-the-time-to-pursue-us-africa-agriculture-trade?v=preview
6. Trade - https://www.livemint.com/news/world/india-to-remove-longstanding-barrier-to-agricultural-trade-say-us-officials-11641858901225.html
7. Food costs - https://www.citizen-times.com/story/news/local/2022/01/13/rising-food-costs-2022-groceries-restaurants-farmers-department-agriculture/9184619002/
8. Inflation - https://ca.movies.yahoo.com/december-inflation-sees-fastest-price-152424665.html
9. Farm income - https://katv.com/news/local/farm-incomes-on-the-rise-fryar-center-predicts-trend-to-continue-in-20
10. Outlook - https://upstreamaginsights.substack.com/p/2022-upstream-ag-insights-outlook or https://www.agriculture.com/news/business/2021-was-a-year-unlike-any-other-for-farm-machinery
11. Automation - https://www.gmpresswire.com/agricultural-robots-market-outlook-by-opportunity-and-demand-analysis-forecast-2026/
12. Fertilizer - https://www.realagriculture.com/2017/12/vervaets-slurry-spreader-features-nir-for-precise-nitrogen-application/
Has Justin Trudeau been Open, Transparent, and Accountable to Canada?paul young cpa, cga
Summary:
Canada has dropped from 10th (2015) on the global corruption list to 13th (2021)
Canada inflation is the highest it has been in over 30 years.
Trudeau calls the trucker convoy fringe people but says nothing about left-leaning groups that hold up mining and food projects.
1. Food Security - https://www.peicanada.com/island_farmer/federal-ministers-welcome-welcomes-auditor-general-s-report-on-protecting-canada-s-food-system/article_0fbce428-7d4d-11ec-8f59-4ffdd97d2dd5.html - Canada is ranked 7th in 2021 - https://www.foodsafety.ca/news/canada-ranks-7th-global-food-security-index as compared to rank 2nd in 2015.
2. Canada is ranked 13th on the global corruption index for 2021 as compared Canada was 10th in 2015 - https://www.transparency.org/en/cpi/2015
3. Inflation and Canada - https://www.reuters.com/business/finance/hike-or-not-its-toss-up-ahead-bank-canada-rate-decision-2022-01-26/
4. Foreign policies and affairs - https://www.theglobeandmail.com/world/article-canada-shut-out-of-western-allies-talks-with-the-taliban-in-norway/
5. 25% reduction in rates is dependent on the plan. https://mobilesyrup.com/2022/01/27/changes-canadian-carrier-rate-plans-virgin-shaw-rogers-fido-freedom-koodo-telus-lucky-bell-chatr/
6. 5G - https://mobilesyrup.com/2022/01/23/what-does-us-c-band-5g-mean-for-canada/
7. Fiscal update - https://www.slideshare.net/paulyoungcga/fiscal-update-for-canada-november-2021
8. Ukraine and Canada - https://torontosun.com/opinion/columnists/lilley-trudeau-fails-ukraine-just-as-he-fails-canada
9. Ethical failures - https://www.saltwire.com/atlantic-canada/news/the-ethical-failures-in-canadas-pandemic-response-full-comment-with-anthony-furey-100684222/
10. Truckers - https://tfiglobalnews.com/2022/01/25/truckers-in-canada-launch-biggest-even-anti-trudeau-campaign-in-style/
11. Food affordability - https://farmtario.com/news/canada-slips-on-food-affordability-ranking/
12. Inflation - https://www.cpacanada.ca/en/news/canada/2022-01-26-economic-forecast
Summary:
Retail sales were up 2.1% to $57.2 billion in August, led by higher sales at food and beverage stores (+4.8%), gasoline stations (+3.8%), and clothing and clothing accessories stores (+3.9%).
Sales increased in 9 of 11 subsectors, representing 94.6% of retail trade.
Core retail sales—which exclude gasoline stations and motor vehicle and parts dealers—were up 2.7%.
In volume terms, retail sales increased 1.4% in August.
https://www150.statcan.gc.ca/n1/daily-quotidien/211022/dq211022a-eng.htm https://economics.bmo.com/en/publications/detail/966f8e75-adb4-492b-8c14-924733071bb7/
1. Food costs - https://o.canada.com/news/local-news/lower-income-families-most-likely-to-be-pinched-by-rising-food-prices-supply-chain-problems
2. Rising oil and gas prices - https://www.fraserinstitute.org/article/rising-oil-prices-wont-solve-canadas-oil-and-gas-problems
3. Rise of propane costs - https://granthshala.com/skyrocketing-propane-prices-could-mean-trouble-for-some-canadians-this-winter/
4. Inflation has hit a 20-year high - https://dailyhive.com/vancouver/canada-inflation-highest-decades-2021
5. Supply chain - https://ca.sports.yahoo.com/news/sector-grows-manufacturing-dented-supply-091509523.html?src=rss
6. Global inflation - https://ca.news.yahoo.com/absolutely-concern-around-the-globe-over-inflation-accenture-ceo-144813190.html
7. Jobs and climate change - https://www.nationalobserver.com/2021/10/21/news/more-880000-canadian-jobs-vulnerable-global-clean-energy-transition
8. Rent and Wage - https://retail-insider.com/retail-insider/2021/10/cfib/
9. Pandemic - https://thecanadian.news/2021/10/21/how-to-lead-the-retail-trade-in-pandemic/
10. Retail innovation - https://retailtechinnovationhub.com/home/2021/10/22/five-retail-technology-trends-from-digital-fitting-rooms-to-sustainable-shopping
Summary:
Governments around the world need to restore confidence in themselves by removing mandates - https://www.usnews.com/news/health-news/articles/2022-02-09/new-york-joins-growing-list-of-states-removing-mask-mandates-in-new-phase-of-covid-19-pandemic
Eco-terrorism has been on the rise for many years. More and more groups are looking at ways to disrupt the flow commerce through their blockades and other means. The problem is many governments like Justin Trudeau turn a blind eye to blockades unless supports their narrative. https://www.france24.com/en/live-news/20220218-violent-attack-by-protesters-at-canadian-pipeline-worksite
The private sector will continue spend money to protect their various locations. https://www.marketwatch.com/press-release/private-security-services-market-size-2022-by-company-regions-and-applications-development-trends-future-growth-business-share-prospects-with-covid-19-impact-forecast-to-2025-2022-02-04
More needs to be done to protect the environment while growing the economy in a sustainable way - https://www.slideshare.net/paulyoungcga/how-the-public-and-private-sector-can-better-supoort-the-circular-and-green-economies
1. Top eco-terrorism threats – https://www.dailymail.co.uk/news/article-10528525/Trudeau-ignores-violent-terrorism-20-eco-terrorists-axes-surround-Gaslink-pipeline-workers.html
2. Threats - https://globalriskinsights.com/2022/01/top-11-geopolitical-risks-for-2022/
3. Insurance - https://www.insurancejournal.com/magazines/mag-features/2022/02/07/652540.htm
4. Police costs - https://www.sudbury.com/beyond-local/more-than-14-million-spent-on-trucker-convoy-protests-ottawa-police-services-board-5069312
5. Forest fires - https://www.nbclosangeles.com/news/california-wildfires/man-charged-arson-whittier-brush-fire-wildfires/2826275/
6. Supply chain - https://www.macdonaldlaurier.ca/canada-critical-global-supply-chain/
7. Green - https://economictimes.indiatimes.com/news/india/foreign-secretary-suggests-european-states-to-avoid-debt-traps-build-eco-linkages/articleshow/89046595.cms?from=mdr
8. Funding and protests - https://www.cbc.ca/news/opinion/opinion-climate-activist-terrorist-hero-1.6237005
9. Climate activism - https://www.cbc.ca/news/opinion/opinion-climate-activist-terrorist-hero-1.6237005
10. BC Gas link - https://westernstandardonline.com/2022/02/political-leaders-call-out-trudeau-for-ignoring-eco-terrorism-at-bc-coastal-gaslink-site/
Climate change,Sustainability & Corporate Social Responsibility - 26 Mar 2014Sumiit Mathur
A brief introduction to the interconnected concepts of Climate change, sustainability and Corporate Social Responsibility.
This presentation gives good starting point to initiate detailed discussions on this subject.
Affordable Housing and Homelessness - Canada and the Worldpaul young cpa, cga
Summary:
Average housing price in Canada is close to 800K.
Mortgage debt continues to increase at a faster pace than inflation
People continue to invest into their homes - https://www.furnituretoday.com/research-and-analysis/houzz-report-gives-outlook-on-q1-2022-home-renovation-design/
Construction prices continue to rise - https://ontarioconstructionnews.com/construction-industry-facing-perfect-storm-of-rising-costs-altus-group/
1. Housing affordability - https://www.mondaq.com/canada/real-estate/1161462/ontario39s-housing-affordability-task-force-urges-major-reforms-to-approvals-process-for-residential-development
2. Construction costs - https://www.marketwatch.com/investing/index/djuscn?countrycode=xx
3. Household debt - https://www.creditcanada.com/blog/state-of-canadian-household-debt
4. Housing bubble - https://survivingtomorrow.org/canadas-real-estate-market-is-a-giant-pyramid-scheme-832ea0364c68
5. Urban - https://building.ca/rural-population-growth-concentrated-near-urban-centres/
6. Housing innovation - https://www.archdaily.com/963686/the-same-technology-that-will-allow-us-to-address-housing-challenges-on-earth-will-allow-us-to-venture-off-to-space-interview-with-jason-ballard-of-icon
7. Property tax - https://blackburnnews.com/midwestern-ontario/midwestern-ontario-news/2022/02/15/owen-sound-residents-face-tax-increase/
8. Mortgage - https://www.bloombergquint.com/onweb/canadians-pile-into-mortgage-debt-at-fastest-pace-in-a-decade
9. Millennials - https://fortune.com/2022/02/09/millennials-feel-screwed-housing-market-majority-have-major-regrets/
10. Insurance - https://www.bankrate.com/insurance/homeowners-insurance/homeowners-insurance-cost/
Crisis and emergency management risk management - how best to manage riskpaul young cpa, cga
Blog – Why both Public and Private Sectors need to strengthen its Crisis and Emergency Management Policies and Procedures
There are many lessons to be learned from COVID19 responses including how both private and public sector need to have better emergency and crisis plans. There should mandatory audits of crisis and emergency management plans as part of the annual filing of financial statements.
1. Insurance risks - https://riskandinsurance.com/3-emerging-risks-rising-out-of-the-pandemic-and-the-huge-impact-theyll-have-for-years-to-come/
2. Crisis management - https://www.msba.org/top-ten-tips-on-how-to-manage-a-company-crisis-second-tip-formulate-a-crisis-management-team/
3. Internal control list - https://www.auditboard.com/blog/tips-evaluating-internal-control-deficiencies/
4. ESG - https://www.corporateknights.com/responsible-investing/financial-climate-risk/
5. Human capital - https://www.protocol.com/workplace/companies-workforce-stat-reporting-requirement
6. Blog – Business Automation – What is next? - https://www.linkedin.com/pulse/blog-business-automation-what-next-paul-young/?published=t
7. Blog – Fraud Risk in the Digital Age - https://www.linkedin.com/pulse/blog-fraud-risk-digital-age-paul-young/?published=t
8. Blog – Steps to Futureproofing and Risk-Proofing Your Manufacturing Business - 60 percent of manufacturers and distributors were impacted by supply chain disruptions during the pandemic. https://www.linkedin.com/pulse/steps-futureproofing-risk-proofing-your-manufacturing-paul-young
9. Blog – 3D Printing - Canadian manufacturers poised to take 3D printing risks in 2021 As the 3D printing market continues to remain robust 2021, manufacturers are well positioned to take a risk on 3D printing’s capabilities beyond just plastics and plastic composites. https://www.canadianmanufacturing.com/manufacturing/canadian-manufacturers-poised-to-take-3d-printing-risks-in-2021-265727/ My work on 3D Printing - https://www2.slideshare.net/paulyoungcga/3d-printing-what-is-next-january-2021/paulyoungcga/3d-printing-what-is-next-january-2021
10. Blog – Safeguarding assets through proper Risk Mitigation of Geopolitical Threats - https://www.slideshare.net/paulyoungcga/how-to-mitigate-geopolitical-risks-as-part-of-safeguarding-your-assets-249988353
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.
Is $10 daycare going to address issues of Daycare in Canada paul young cpa, cga
The PQ model is flawed.
The availability of seats has been a problem
The oversight of private daycare by the provinces has been a problem
The government has announced $5B/year in new funding. There was a structure deficit of $12B before COVID19. So, how the government going to close the gap on this new program spending?
1. Fiscal - https://economics.bmo.com/en/publications/detail/a5f2119c-64e9-4f0b-b24d-60d51117db4d/
2. PBO and $10 Daycare –
3. Universal Child Care benefit - https://childcarenow.ca/2015/03/31/for-release-march-31-2015-pbo-report-confirms-that-the-universal-child-care-benefit-is-neither-child-care-nor-much-of-a-benefit/
4. Funding - https://www.cbc.ca/news/politics/federal-budget-freeland-tasker-1.5991137
5. Benefits - https://www.oag-bvg.gc.ca/internet/English/parl_oag_202102_04_e_43750.html
6. Problems - https://nationalpost.com/opinion/danielle-kubes-universal-daycare-bad-for-women-children-and-the-economy
7. Child Poverty - https://www.fraserinstitute.org/studies/does-the-canada-child-benefit-actually-reduce-child-poverty
8. Funding - https://nationalpost.com/news/politics/national-child-care-system-may-balloon-in-cost-forcing-provinces-to-pitch-in-report-warns
9. Daycare - https://www.businessinsider.com/why-labor-shortage-daycares-lost-workers-childcare-2021-12
10. Wages are very low for ECE - https://www.glassdoor.ca/Salaries/ontario-early-childhood-educator-salary-SRCH_IL.0,7_IS4080_KO8,32.htm/
1. Child care costs failure - https://www.parents.com/baby/childcare/child-care-costs-are-why-im-not-having-more-kids/
2. Costs - https://www.care.com/c/how-much-does-child-care-cost
3. Availability of spaces - https://www.cardus.ca/research/family/reports/is-there-a-shortage-of-child-care-in-canada/
4. New norm and child care – https://www.hcamag.com/nz/news/general/companies-consider-making-remote-work-the-new-norm/302121
5. Childcare model - https://policyoptions.irpp.org/magazines/july-2021/how-to-grow-an-accessible-high-quality-equitable-child-care-system/
6. PQ model - https://www.iedm.org/1921-quebecs-failed-child-care-model/
7. Child benefit - https://www.canada.ca/en/employment-social-development/news/2021/07/canada-child-benefit-5th-anniversary--indexation0.html
8. model - https://www.theglobeandmail.com/business/commentary/article-ontario-not-quebec-holds-the-model-for-child-care/
9. Best countries - https://ceoworld.biz/2021/02/01/the-worlds-best-countries-for-raising-kids-2021/
10. No consensus of how to fund child care - https://angusreid.org/child-care-in-canada/
11. ECE wages - https://www.payscale.com/research/CA/Job=Early_Childhood_Educator_(ECE)/Hourly_Rate/e894d1e7/Toronto-ON
12. Global ranking - https://www.theglobeandmail.com/canada/article-canada-trails-most-other-wealthy-countries-in-caring-for-children/ or
13. Provincial and federal moneys - https://globalnews.ca/news/8112898/new-brunswick-child-care-deal/
@justinTrudeau has no clue about inflation - Sep/19 also seen higher inflation compared to Oct/15 but there was no comment from you back in Sep/19, why? https://www.slideshare.net/paulyoungcga/2019-election-cost-of-living-canada-june-2019
Inflation was rising way before COVID19, and Trudeau were warned about policies like carbon taxes.
BTW: I love seeing Trudeau getting angry as it shows that he cannot answer questions without the appropriate word salad as a way to say people are picking on him
Blog – Dairy Sector – Canada – November 2021
Dairy sector continues to face many challenges due cost of feed and other related input costs.
Dairy prices have not risen as much as other prices.
Liberals continue to fail address issues like the impact of the carbon tax on agriculture out and food production.
1. Rising feed prices - https://www.thebeefsite.com/news/57977/canadian-farmers-face-serious-feed-shortages/
2. Oatly - https://ca.news.yahoo.com/oatly-ads-banned-making-misleading-000100110.html
3. Fertilizer - https://www.thedailyscoop.com/news/retail-industry/how-todays-fertilizer-prices-could-reshape-industry
4. Butter production - https://www.foodbusinessnews.net/articles/20477-butter-prices-soar-to-multi-year-highs
5. Higher input costs - https://www.newsbug.info/iroquois_countys_times-republic/news/agriculture/farmers-dealing-with-dramatically-higher-input-costs/article_e5f4b953-424e-5735-bf47-3e8f5cc8c8a6.html
6. Drought - https://www.reuters.com/world/americas/canadian-farmers-face-cattle-feed-shortage-due-drought-transport-strains-2022-01-25/
7. Potato - https://www.thestar.com/news/world/2022/01/25/is-canada-fighting-a-trade-war-against-its-own-potato-farmers.html
8. Cybersecurity - https://www.canadiancattlemen.ca/daily/farm-cybersecurity-campaign-seeks-farmer-input/
9. Food exports - https://www.spglobal.com/platts/en/market-insights/latest-news/agriculture/012422-canadas-common-wheat-exports-rise-63-on-week-durum-wheat-shipments-fall
10. AG and China - https://ipolitics.ca/2022/01/21/chinese-ambassador-pitches-improved-trade-to-western-canada/
11. Food security - https://globalnews.ca/news/8532207/canada-grocery-stores-food-supply-prices/
Blog – Failure of Trudeaunomics – October 2021
Inflation went from 1% in 2015 to 1.9% in 2019 and now is 4.7% in Oct/21
Public sector jobs continue to outpace the private sector jobs
GDP went from 3.0% in 2017 to 1.6% 2019 (pre-Covid)
Housing prices continue to rise
Welcome to @justinTrudeau ‘s Canada
Affordable Housing and Homelessness - Canada and the World paul young cpa, cga
Average house across Canada is now over 700K. Affordable housing continues be a top issue facing Canadians.
https://economics.bmo.com/en/publications/detail/0815533e-685e-45ac-a5ba-962dc92d5359/
1. Housing affordability – https://canada.constructconnect.com/dcn/news/projects/2021/11/no-magic-bullet-to-solve-canadas-housing-affordability-crisis-panel
2. Affordability - https://theconversation.com/why-building-more-homes-wont-solve-the-affordable-housing-problem-for-the-millions-of-people-who-need-it-most-171100
3. Income and housing - https://www.morganstanley.com/ideas/thoughts-on-the-market-us-housing
4. Heating costs - https://www.lewistownsentinel.com/opinion/editorials/2021/11/are-you-prepared-for-the-rising-cost-of-heating-your-home-this-winter/
5. Condo fees - https://toronto.ctvnews.ca/sudden-113-per-cent-spike-in-toronto-condo-fees-sparks-nasty-dispute-and-threats-1.5655442
6. Property tax - https://windsor.ctvnews.ca/city-of-windsor-tops-property-tax-list-1.5668657
7. Housing - https://www.canadianrealestatemagazine.ca/expert-advice/canadian-average-home-prices-by-city-compared-334894.aspx
8. 3D printing - https://www.woodworkingnetwork.com/closets/housing-market-boosted-3d-printing
9. Future Cities
10. Hamilton - https://globalnews.ca/news/8335432/hamilton-least-affordable-housing-q2-2021/
Blog - Forestry and Sawmill Production – Canada and the World
Lumber prices have decline but are still very high
There seems to be inconsistent policies when it comes to management of forests around the globe
The world is slow in adopting 3D housing
1. Softwood Lumber - https://www.woodworkingnetwork.com/news/woodworking-industry-news/reduced-tariffs-draws-applause
2. Prices - https://www.barchart.com/story/news/7200218/lumber-up-and-down-and-all-around
3. 3D housing - https://www.mentalfloss.com/article/535220/these-10000-concrete-homes-are-3d-printed-less-24-hours
4. Deforestation - https://www.sustainability-times.com/environmental-protection/the-great-amazon-land-grab-brazils-government-is-turning-public-land-private-driving-deforestation/
5. Wetlands - https://www.nature.com/articles/d41586-020-00098-1
6. Housing affordability - https://saportareport.com/understanding-the-housing-affordability-problem/columnists/david/
7. Urban planning - https://www.weforum.org/agenda/2022/02/innovative-global-cities-talent-property/
8. 3D housing - https://www.probuilder.com/3d-printed-technology-offers-solution-affordable-housing
9. Mortgage rates - https://ca.finance.yahoo.com/news/lumber-prices-crash-30-mortgage-120647926.html
10. Household debt - https://www.teamblind.com/post/21t-national-debt-15-trillion-household-debt-in-usa-and-21-trillion-in-annual-gdp--are-we-doomed-rtZ0Dj5Q
11. Housing bubble - https://betterdwelling.com/
12. Insurance - https://ca.news.yahoo.com/extreme-weather-rising-insurance-rates-160054947.html
13. Heating costs - https://carolinapublicpress.org/51169/heating-costs-and-power-grid-stability-create-concerns-in-cold-temperatures/
Canada’s Jan/22 inflation of 5.1% is the highest since 1991. You can bet the @JustinTrudeau will blame the trucker's protest for the high inflation and not his carbon tax or high taxes or excessive regulation or overspending or other areas of policies!
Summary:
Farm incomes continue to be strong.
AG equipment sales had a banner year in 2021.
More and more farmers will continue to adopt expert farming and sustainable practices when it comes to managing their crop yields.
Agriculture subsidies continue to be a focus area as countries look to expand their AG exports.
1. Crop yields – http://geographical.co.uk/people/development/item/4253-adapt-to-survive
2. Crop insurance and Expert farming - https://www.agri-pulse.com/articles/16975-direct-checks-expected-to-ignite-cover-crop-surge-crop-insurance-may-play-role-too
3. Vertical farming - https://www.hortweek.com/pioneers-shaping-future-vertical-farming/fresh-produce/article/1737366
4. Ag subsidies - https://www.oxfordmartin.ox.ac.uk/blog/meat-and-dairy-gobble-up-farming-subsidies/
5. Trade - https://www.wattagnet.com/articles/44271-now-is-the-time-to-pursue-us-africa-agriculture-trade?v=preview
6. Trade - https://www.livemint.com/news/world/india-to-remove-longstanding-barrier-to-agricultural-trade-say-us-officials-11641858901225.html
7. Food costs - https://www.citizen-times.com/story/news/local/2022/01/13/rising-food-costs-2022-groceries-restaurants-farmers-department-agriculture/9184619002/
8. Inflation - https://ca.movies.yahoo.com/december-inflation-sees-fastest-price-152424665.html
9. Farm income - https://katv.com/news/local/farm-incomes-on-the-rise-fryar-center-predicts-trend-to-continue-in-20
10. Outlook - https://upstreamaginsights.substack.com/p/2022-upstream-ag-insights-outlook or https://www.agriculture.com/news/business/2021-was-a-year-unlike-any-other-for-farm-machinery
11. Automation - https://www.gmpresswire.com/agricultural-robots-market-outlook-by-opportunity-and-demand-analysis-forecast-2026/
12. Fertilizer - https://www.realagriculture.com/2017/12/vervaets-slurry-spreader-features-nir-for-precise-nitrogen-application/
Has Justin Trudeau been Open, Transparent, and Accountable to Canada?paul young cpa, cga
Summary:
Canada has dropped from 10th (2015) on the global corruption list to 13th (2021)
Canada inflation is the highest it has been in over 30 years.
Trudeau calls the trucker convoy fringe people but says nothing about left-leaning groups that hold up mining and food projects.
1. Food Security - https://www.peicanada.com/island_farmer/federal-ministers-welcome-welcomes-auditor-general-s-report-on-protecting-canada-s-food-system/article_0fbce428-7d4d-11ec-8f59-4ffdd97d2dd5.html - Canada is ranked 7th in 2021 - https://www.foodsafety.ca/news/canada-ranks-7th-global-food-security-index as compared to rank 2nd in 2015.
2. Canada is ranked 13th on the global corruption index for 2021 as compared Canada was 10th in 2015 - https://www.transparency.org/en/cpi/2015
3. Inflation and Canada - https://www.reuters.com/business/finance/hike-or-not-its-toss-up-ahead-bank-canada-rate-decision-2022-01-26/
4. Foreign policies and affairs - https://www.theglobeandmail.com/world/article-canada-shut-out-of-western-allies-talks-with-the-taliban-in-norway/
5. 25% reduction in rates is dependent on the plan. https://mobilesyrup.com/2022/01/27/changes-canadian-carrier-rate-plans-virgin-shaw-rogers-fido-freedom-koodo-telus-lucky-bell-chatr/
6. 5G - https://mobilesyrup.com/2022/01/23/what-does-us-c-band-5g-mean-for-canada/
7. Fiscal update - https://www.slideshare.net/paulyoungcga/fiscal-update-for-canada-november-2021
8. Ukraine and Canada - https://torontosun.com/opinion/columnists/lilley-trudeau-fails-ukraine-just-as-he-fails-canada
9. Ethical failures - https://www.saltwire.com/atlantic-canada/news/the-ethical-failures-in-canadas-pandemic-response-full-comment-with-anthony-furey-100684222/
10. Truckers - https://tfiglobalnews.com/2022/01/25/truckers-in-canada-launch-biggest-even-anti-trudeau-campaign-in-style/
11. Food affordability - https://farmtario.com/news/canada-slips-on-food-affordability-ranking/
12. Inflation - https://www.cpacanada.ca/en/news/canada/2022-01-26-economic-forecast
Summary:
Retail sales were up 2.1% to $57.2 billion in August, led by higher sales at food and beverage stores (+4.8%), gasoline stations (+3.8%), and clothing and clothing accessories stores (+3.9%).
Sales increased in 9 of 11 subsectors, representing 94.6% of retail trade.
Core retail sales—which exclude gasoline stations and motor vehicle and parts dealers—were up 2.7%.
In volume terms, retail sales increased 1.4% in August.
https://www150.statcan.gc.ca/n1/daily-quotidien/211022/dq211022a-eng.htm https://economics.bmo.com/en/publications/detail/966f8e75-adb4-492b-8c14-924733071bb7/
1. Food costs - https://o.canada.com/news/local-news/lower-income-families-most-likely-to-be-pinched-by-rising-food-prices-supply-chain-problems
2. Rising oil and gas prices - https://www.fraserinstitute.org/article/rising-oil-prices-wont-solve-canadas-oil-and-gas-problems
3. Rise of propane costs - https://granthshala.com/skyrocketing-propane-prices-could-mean-trouble-for-some-canadians-this-winter/
4. Inflation has hit a 20-year high - https://dailyhive.com/vancouver/canada-inflation-highest-decades-2021
5. Supply chain - https://ca.sports.yahoo.com/news/sector-grows-manufacturing-dented-supply-091509523.html?src=rss
6. Global inflation - https://ca.news.yahoo.com/absolutely-concern-around-the-globe-over-inflation-accenture-ceo-144813190.html
7. Jobs and climate change - https://www.nationalobserver.com/2021/10/21/news/more-880000-canadian-jobs-vulnerable-global-clean-energy-transition
8. Rent and Wage - https://retail-insider.com/retail-insider/2021/10/cfib/
9. Pandemic - https://thecanadian.news/2021/10/21/how-to-lead-the-retail-trade-in-pandemic/
10. Retail innovation - https://retailtechinnovationhub.com/home/2021/10/22/five-retail-technology-trends-from-digital-fitting-rooms-to-sustainable-shopping
Summary:
Governments around the world need to restore confidence in themselves by removing mandates - https://www.usnews.com/news/health-news/articles/2022-02-09/new-york-joins-growing-list-of-states-removing-mask-mandates-in-new-phase-of-covid-19-pandemic
Eco-terrorism has been on the rise for many years. More and more groups are looking at ways to disrupt the flow commerce through their blockades and other means. The problem is many governments like Justin Trudeau turn a blind eye to blockades unless supports their narrative. https://www.france24.com/en/live-news/20220218-violent-attack-by-protesters-at-canadian-pipeline-worksite
The private sector will continue spend money to protect their various locations. https://www.marketwatch.com/press-release/private-security-services-market-size-2022-by-company-regions-and-applications-development-trends-future-growth-business-share-prospects-with-covid-19-impact-forecast-to-2025-2022-02-04
More needs to be done to protect the environment while growing the economy in a sustainable way - https://www.slideshare.net/paulyoungcga/how-the-public-and-private-sector-can-better-supoort-the-circular-and-green-economies
1. Top eco-terrorism threats – https://www.dailymail.co.uk/news/article-10528525/Trudeau-ignores-violent-terrorism-20-eco-terrorists-axes-surround-Gaslink-pipeline-workers.html
2. Threats - https://globalriskinsights.com/2022/01/top-11-geopolitical-risks-for-2022/
3. Insurance - https://www.insurancejournal.com/magazines/mag-features/2022/02/07/652540.htm
4. Police costs - https://www.sudbury.com/beyond-local/more-than-14-million-spent-on-trucker-convoy-protests-ottawa-police-services-board-5069312
5. Forest fires - https://www.nbclosangeles.com/news/california-wildfires/man-charged-arson-whittier-brush-fire-wildfires/2826275/
6. Supply chain - https://www.macdonaldlaurier.ca/canada-critical-global-supply-chain/
7. Green - https://economictimes.indiatimes.com/news/india/foreign-secretary-suggests-european-states-to-avoid-debt-traps-build-eco-linkages/articleshow/89046595.cms?from=mdr
8. Funding and protests - https://www.cbc.ca/news/opinion/opinion-climate-activist-terrorist-hero-1.6237005
9. Climate activism - https://www.cbc.ca/news/opinion/opinion-climate-activist-terrorist-hero-1.6237005
10. BC Gas link - https://westernstandardonline.com/2022/02/political-leaders-call-out-trudeau-for-ignoring-eco-terrorism-at-bc-coastal-gaslink-site/
Climate change,Sustainability & Corporate Social Responsibility - 26 Mar 2014Sumiit Mathur
A brief introduction to the interconnected concepts of Climate change, sustainability and Corporate Social Responsibility.
This presentation gives good starting point to initiate detailed discussions on this subject.
Affordable Housing and Homelessness - Canada and the Worldpaul young cpa, cga
Summary:
Average housing price in Canada is close to 800K.
Mortgage debt continues to increase at a faster pace than inflation
People continue to invest into their homes - https://www.furnituretoday.com/research-and-analysis/houzz-report-gives-outlook-on-q1-2022-home-renovation-design/
Construction prices continue to rise - https://ontarioconstructionnews.com/construction-industry-facing-perfect-storm-of-rising-costs-altus-group/
1. Housing affordability - https://www.mondaq.com/canada/real-estate/1161462/ontario39s-housing-affordability-task-force-urges-major-reforms-to-approvals-process-for-residential-development
2. Construction costs - https://www.marketwatch.com/investing/index/djuscn?countrycode=xx
3. Household debt - https://www.creditcanada.com/blog/state-of-canadian-household-debt
4. Housing bubble - https://survivingtomorrow.org/canadas-real-estate-market-is-a-giant-pyramid-scheme-832ea0364c68
5. Urban - https://building.ca/rural-population-growth-concentrated-near-urban-centres/
6. Housing innovation - https://www.archdaily.com/963686/the-same-technology-that-will-allow-us-to-address-housing-challenges-on-earth-will-allow-us-to-venture-off-to-space-interview-with-jason-ballard-of-icon
7. Property tax - https://blackburnnews.com/midwestern-ontario/midwestern-ontario-news/2022/02/15/owen-sound-residents-face-tax-increase/
8. Mortgage - https://www.bloombergquint.com/onweb/canadians-pile-into-mortgage-debt-at-fastest-pace-in-a-decade
9. Millennials - https://fortune.com/2022/02/09/millennials-feel-screwed-housing-market-majority-have-major-regrets/
10. Insurance - https://www.bankrate.com/insurance/homeowners-insurance/homeowners-insurance-cost/
Crisis and emergency management risk management - how best to manage riskpaul young cpa, cga
Blog – Why both Public and Private Sectors need to strengthen its Crisis and Emergency Management Policies and Procedures
There are many lessons to be learned from COVID19 responses including how both private and public sector need to have better emergency and crisis plans. There should mandatory audits of crisis and emergency management plans as part of the annual filing of financial statements.
1. Insurance risks - https://riskandinsurance.com/3-emerging-risks-rising-out-of-the-pandemic-and-the-huge-impact-theyll-have-for-years-to-come/
2. Crisis management - https://www.msba.org/top-ten-tips-on-how-to-manage-a-company-crisis-second-tip-formulate-a-crisis-management-team/
3. Internal control list - https://www.auditboard.com/blog/tips-evaluating-internal-control-deficiencies/
4. ESG - https://www.corporateknights.com/responsible-investing/financial-climate-risk/
5. Human capital - https://www.protocol.com/workplace/companies-workforce-stat-reporting-requirement
6. Blog – Business Automation – What is next? - https://www.linkedin.com/pulse/blog-business-automation-what-next-paul-young/?published=t
7. Blog – Fraud Risk in the Digital Age - https://www.linkedin.com/pulse/blog-fraud-risk-digital-age-paul-young/?published=t
8. Blog – Steps to Futureproofing and Risk-Proofing Your Manufacturing Business - 60 percent of manufacturers and distributors were impacted by supply chain disruptions during the pandemic. https://www.linkedin.com/pulse/steps-futureproofing-risk-proofing-your-manufacturing-paul-young
9. Blog – 3D Printing - Canadian manufacturers poised to take 3D printing risks in 2021 As the 3D printing market continues to remain robust 2021, manufacturers are well positioned to take a risk on 3D printing’s capabilities beyond just plastics and plastic composites. https://www.canadianmanufacturing.com/manufacturing/canadian-manufacturers-poised-to-take-3d-printing-risks-in-2021-265727/ My work on 3D Printing - https://www2.slideshare.net/paulyoungcga/3d-printing-what-is-next-january-2021/paulyoungcga/3d-printing-what-is-next-january-2021
10. Blog – Safeguarding assets through proper Risk Mitigation of Geopolitical Threats - https://www.slideshare.net/paulyoungcga/how-to-mitigate-geopolitical-risks-as-part-of-safeguarding-your-assets-249988353
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.
Is $10 daycare going to address issues of Daycare in Canada paul young cpa, cga
The PQ model is flawed.
The availability of seats has been a problem
The oversight of private daycare by the provinces has been a problem
The government has announced $5B/year in new funding. There was a structure deficit of $12B before COVID19. So, how the government going to close the gap on this new program spending?
1. Fiscal - https://economics.bmo.com/en/publications/detail/a5f2119c-64e9-4f0b-b24d-60d51117db4d/
2. PBO and $10 Daycare –
3. Universal Child Care benefit - https://childcarenow.ca/2015/03/31/for-release-march-31-2015-pbo-report-confirms-that-the-universal-child-care-benefit-is-neither-child-care-nor-much-of-a-benefit/
4. Funding - https://www.cbc.ca/news/politics/federal-budget-freeland-tasker-1.5991137
5. Benefits - https://www.oag-bvg.gc.ca/internet/English/parl_oag_202102_04_e_43750.html
6. Problems - https://nationalpost.com/opinion/danielle-kubes-universal-daycare-bad-for-women-children-and-the-economy
7. Child Poverty - https://www.fraserinstitute.org/studies/does-the-canada-child-benefit-actually-reduce-child-poverty
8. Funding - https://nationalpost.com/news/politics/national-child-care-system-may-balloon-in-cost-forcing-provinces-to-pitch-in-report-warns
9. Daycare - https://www.businessinsider.com/why-labor-shortage-daycares-lost-workers-childcare-2021-12
10. Wages are very low for ECE - https://www.glassdoor.ca/Salaries/ontario-early-childhood-educator-salary-SRCH_IL.0,7_IS4080_KO8,32.htm/
There are more to fixing income inequality than making changes to social programs. There needs to be emphasis on all angles of policies from training/skills development to Economic Development to Tax fairness to cutting regulatory burden/businesses.
This presentation discusses all aspect low income and poverty levels including government policies, job creation, hydro rates, cost of living, income growth, income inequality, wealth distribution and income tax.
Many Canadian government has tried to reduce poverty. The poverty levels have been consistent for years at 13%.
The Liberals have said they have reduced poverty, but the stats do no show that is the case.
Poverty rates may be down, but there are issues with the rise in the cost of living
Many cities have vacant property that needs to be repurpose for other uses
Education needs to better align with the jobs of today and tomorrow
Housing starts are not keeping pace with population growth
Business automation will continue to impact employment markets
All levels of government need to address issues with productivity
All levels of government need to reduce operational cost through streamlining of their various delivery models
All levels of government need to work together on social transfer including better ways to support those that need the help the most
Policy Analysis - Seniors - Assisted Living and Long-Term Care.pptxpaul young cpa, cga
Summary:
Assisted and retirement living is becoming a big problem for governments around the world. There has been a bed shortage for years. Technology today, especially in building construction should help speed up the building of facilities for seniors.
Local and provincial governments need to work together on zoning changes as part of managing vacant property and/or vacant spaces. The emergent of online shopping has change the retail and distribution model, especially in areas like commercial and industrial property.
OAS payments need to rise as part of addressing income issues with seniors
GIS needs to adjust its threshold from 19K to 40K as part of expanding assistance to seniors
Rent subsidies to seniors need to increase
Provincial government need to review their rent approval process as part ensuring affordable rents
Mandatory audits and reporting of all LTC and Assisted Living facilities. More money needs to be spent on adding more auditors as well as looking at Data and AI as part of automating risk and compliance programs.
Healthcare needs to move to homecare model. All levels of government need to focus on eliminating waste including the LHINs
More funding for health and wellness programs for seniors
Healthcare is a key area for many countries
Canada spends roughly 10% of GDP on healthcare or about $200B. Approximately 20% comes from the federal government through the HST
The largest expenditures for provinces is healthcare. Ontario for example spends around $55B or about 40% of their budget on healthcare
There is lots of waste within healthcare as many provinces have not done a very good job when it comes to value for money/healthcare
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
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
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
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
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
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
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
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
Daycare and Child Care Funding - Canada - October 2021
1. Child Care and Daycare Costs –
Affordability - Canada
Paul Young CPA CGA
October 7, 2021
2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos
3. Agenda
• What are Child Care Expenses?
• Child Care expenses / major urban areas
• Quebec Daycare Model
• Federal Government role /Transfers
• Equalization formula / PQ
• Issues with Child Care
• NDP and Childcare
• Trudeau daycare funding / 2019 Election
• Fiscal Update/Daycare costs
4. Child Care Expenses
• Child care expenses are amounts you or another person paid to have someone look after an
eligible child so that you or the other person could:
• earn income from employment
• carry on a business either alone or as an active partner
• Attend school under the conditions identified under Educational program
• Carry on research or similar work, for which you or the other person received a gran
The child must have lived with you or the other person when the expense was incurred for the expense to
qualify. Usually, you can only deduct payments for services provided in Canada by a Canadian resident. Read
Other situations for exceptions
Source - https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-
your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-214-
child-care-expenses/line-214-what-child-care-expenses.html
5. Child Care
Expenses / Canada
Source -
https://globalnews.ca/news/509725
4/canada-affordable-child-care-
world/beta/?utm_expid=.kz0UD5JkQ
OCo6yMqxGqECg.1&utm_referrer=ht
tps%3A%2F%2Fwww.google.com%2F
or
https://www.cbc.ca/news/business/
childcare-costs-canada-1.5008106
9. Issues with Child Care
• Auditor – City of Ottawa “"Major lapses" in the administration of child-care subsidies
to Ottawa families costs the city more than $1.5 million per year and prevents some
families from accessing affordable care for their kids, according to auditor general Ken
Hughes. The city is supposed to review a family's eligibility for a child-care subsidy at least
once per year. But the reviews were halted in 2014 and only resumed in 2016, leaving a
backlog of 2,810 cases. ”Source -
https://www.cbc.ca/news/canada/ottawa/mismanagement-child-care-subsidies-costing-
city-audit-1.4426337
• Lack of inspection when it comes to daycare facilities -
https://www.thestar.com/news/canada/2014/12/09/auditor_general_raps_liberal_govern
ment_for_tardy_daycare_inspections.html
• Ontario implemented a very costly full-day kindergarten model -
https://www.thespec.com/news-story/2233690-drummond-report-recommends-sweeping-
education-reforms/ (This was liberal way of handling child care)
10. NDP and Childcare
•
• http://findingqualitychildcare.ca/who-is-responsible
• Mulcair Daycare Policy
• http://ottawacitizen.com/news/politics/tom-mulcair-on-the-details-of-the-ndps-child-care-policy
• FYI – Mulcair estimates 70,000 people will return to work. If so, where is his analysis/risk management impact from his tax policies
- http://www.slideshare.net/paulyoungcga/mulcair-vs-harper? Mulcair’s only focus is on small business - http://www.cme-
mec.ca/?lid=JCKNC-E742G-1W6JA&comaction=show&cid=HRH7K-9UE34-ACUS8. http://canadianentrepreneurtraining.com/six-
statistics-about-small-business-and-entrepreneurship-in-canada/. Typically small businesses pay less money than medium to large
business. So, why does Mulcair never discuss salaries issues? It seems to me that like all Mulcair policies that he inflates the number
like he did with the federal minimum wage numbers, right? http://www.slideshare.net/paulyoungcga/federal-minimum-wage-
canada
• Canada Social Transfer Programs
• The Federal government provides transfer as part of the social transfer agreements between the federal government and the
provinces - http://www.fin.gc.ca/fedprov/cst-eng.asp
•
• Funding
• http://www.slideshare.net/paulyoungcga/provincial-transfers-and-program-spending or http://www.fin.gc.ca/access/fedprov-
eng.asp#Major
• Harper formed his first government February 6, 2006 as such transfers were 8.4B to the provinces for CST. Harper continued to fund CST as such
the amount close to 13B.
• The average cost of subsidized daycare is $23/day - http://ottawacitizen.com/news/national/the-child-care-conundrum-part-3-who-will-pay-
and-how-much-for-universal-day-care.
• Mulcair wants to use the Quebec model, but it has been a failure - http://www.nationalpost.com/news/story.html?id=5a5e1555-093f-4959-9395-
028c36daadc7&p=2
• Auditor General of Ontario Report - http://www.auditor.on.ca/en/reports_en/en14/302en14.pdf
11. Trudeau and Daycare
Source - https://www.huffingtonpost.ca/entry/trudeau-doug-
ford_ca_5d7fba58e4b03b5fc887711d
• Trudeau is getting throwing money at the
symptoms by calling out Ford
• There have been issues with delivering of
healthcare dollars including proper
oversight
• All levels of government are involved as
part of delivery healthcare
• Eligibility of daycare has come into
question (lack of oversight)
• PQ gets the lion share of equalization
despite have a strong economy and
budget surplus -
https://ca.reuters.com/article/domestic
News/idCAKBN1O226A-OCADN
• Many provinces are struggling with fiscal
management
• Liberals never discuss efficient
government, because they do not operate
an efficient government -
https://www.slideshare.net/paulyoungcg
a/2019-election-public-sector-efficiency-
canada-july-2019
12. National Daycare
• 1993 National Daycare Promise - https://childcarecanada.org/documents/child-care-
news/20/02/promises-promises-%E2%80%93-history-federal-childcare-proposals
In 1987, following the publication of the Cooke report, the (then-Conservative) government established a Special Parliamentary Committee
on Child Care. The submission by the Canadian Day Care Advocacy Association CDCAA) to the Committee argued against deregulating the
system and offered recommendations for future childcare policy. Other briefs included one from the Ontario Federation of Labor. The all-
party committee couldn’t agree how to proceed and each party released their own report. The Conservative majority suggested tax breaks,
incentives for businesses to create childcare spaces in workplaces, and money handed out to for-profit centers. This approach was
criticized by a range of organizations and the proposed legislation died on the order paper when the 1988 election was called.
3… The 1993 Liberal platform “Red Book” promised a shared-cost national program. The proposal was to split payment between the federal
government (40%), and the provinces (20%), with parents paying the remaining 20% (on a sliding scale). The platform promised 150,000
“new, quality” childcare spaces and incentives to businesses for workplace child care. Yet, although the Liberals were elected, their child
care promise was ignored and a national program was never implemented despite the Liberals holding power until the early 2000s.
2… In 2004, the (still-Liberal) federal government headed by Paul Martin promised to spend $5 billion on a child care program that would be
developed with the provinces. After failing to negotiate a multilateral agreement, separate bilateral agreements were reached. However, a
non-confidence motion toppled the minority government the following year before the programs could be implemented. The government
changed from Liberal to Conservative and the incoming government acted on their campaign promise and cancelled both the agreements
and federal funding.
1… In 2015, the Liberals pledged to create a “national framework” that would make sure “affordable, high-quality, fully inclusive child
care” is available to everyone who needs it. Once elected, however, the multilateral deal on childcare that they signed with all provinces
and territories (except Quebec) stopped far short of setting out a national framework, instead leaving provinces and territories largely in
control of how to spend the $7.5 billion over 11 years that was committed to child care in the 2017 federal budget.
13. Fiscal Update – November 30, 2020
Scotiabank economists Jean-Francois Perrault and Rebekah Young suggested in September that
creating nationally what Quebec has provincially would cost $11.5 billion a year.
Source - https://globalnews.ca/news/7483087/national-child-care-system-canada-report/
• Canada was running a structural deficit
$13.9B deficit for FY 2018-2019
• Provinces would have to match/support
childcare spending – 2015 -
https://www.ctvnews.ca/canada/provinces-
territories-spend-more-than-4-2b-on-
childcare-report-1.2608572?cache=vlsazdwnr
or https://www.newswire.ca/news-
releases/the-government-of-canada-and-the-
government-of-ontario-announce-additional-
support-for-quality-early-learning-and-child-
care-across-the-province-843088071.html
• Canada needs to reform their tax policies,
i.e. tax act, closing down tax havens -
https://www2.slideshare.net/paulyoungcga/
does-the-world-need-a-wealth-tax
14. Path Forward
Source - https://economics.bmo.com/en/publications/detail/4eaa72b1-7c11-45d3-927a-cc2227536362/
• Where are the Liberals going to get the money to support their new programs?
• Source - https://www2.slideshare.net/paulyoungcga/fiscal-management-cycle-canada-
fiscal-update-ecomomic-and-fiscal-management
15. Child Care – OECD
Source -
https://data.oecd.org/benwage/net-
childcare-costs.htm
17. Blog – Daycare / Childcare
Childcare - Social
Polcy.pdf
Daycare
• Affordability
• Oversight
• High quality
• Household spending is facing many challenges like
carbon taxes -
https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?
pid=1110022201
• Government has never done a very good job with its
governance model -
https://www.slideshare.net/paulyoungcga/how-to-fix-the-
goverance-model-for-the-public-sector-government-
249941842
• PQ model has moderate success due to many factors
including its access to equalization -
https://www.cbc.ca/news/politics/pbo-fiscal-
stabilization-reform-1.5880714
• A complete review of funding / support by all levels
of government needs to be undertaken -
https://www.cbc.ca/news/canada/london/huron-
county-uses-leftover-funds-to-cover-child-care-costs-
for-a-month-1.6187835
18. Summary
• People should have choice on how they pay for childcare
• Canada has a job quality issue - https://www2.slideshare.net/paulyoungcga/gdp-and-
fiscal-management-canada-september-2020
• The government childcare program requires a properly costed and funded
• Government had a structural deficit of $14B in 2019 before COVID19 -
https://www.canada.ca/en/department-finance/services/publications/annual-
financial-report/2019/report.html
• It is private sector that drives growth. The government needs to do more to support
getting goods to market - https://www2.slideshare.net/paulyoungcga/getting-goods-
to-market-what-needs-to-happen-by-all-levels-of-government
Source - https://www.canada.ca/en/department-finance/services/publications/annual-financial-report/2019.html or https://www.canada.ca/en/department-finance/services/publications/annual-financial-report/2017.html or https://www.canada.ca/en/department-finance/services/publications/annual-financial-report/2016.html or https://www150.statcan.gc.ca/n1/daily-quotidien/201201/dq201201a-eng.htm