- The document discusses Ontario's economy and manufacturing sector from 2004-2018 under Liberal governments. It notes Ontario has become less productive and lost many goods-producing jobs that have moved to other jurisdictions with lower taxes and regulations.
- Key industries discussed include automotive, steel, mining, forestry and food processing, all of which have struggled in Ontario in recent years due to issues like high electricity costs, carbon taxes, and an uncompetitive business environment.
- The author argues the Liberal government has failed to address systemic tax, regulatory and infrastructure problems that have negatively impacted the competitiveness of Ontario's economy.
Election 2018 - Ontario - Manufacturing Sector - May 2018paul young cpa, cga
Ontario needs to become more competitive as such more regulations and taxes will not help that cause.
Both the Liberals and NDP believe in higher taxes and more regulations.
Allot will be said about GDP as part of the election build in June 2018. The problem is major areas will not be discussed by Wynne as it would paint a picture that shows Wynne was poor steward of the Ontario Economy.
Economies are driven by many factors including capital investment and consumer spending. Government only role is to set policies. Wynne and McGuinty policies have led to implementation of carbon pricing, labor reforms, hikes to hydro rates, longer regulatory approval process for natural resources, killing of the east-west pipelines, etc.
Both McGuinty and Wynne continue to spend beyond their means in terms of their fiscal management cycle. The reality is businesses get scared when faced with more taxes and/or more regulations.
Competitiveness - Canada vs other countries - February 2018paul young cpa, cga
Market set prices for business
Government set policies like environment laws, labour laws, trade/investment, taxation
It is not one policy that drives FDI, but many policies
Morneau and the Liberals are moving to higher taxes and more regulations as compare to the USA that is reducing taxes and regulations - https://globalnews.ca/news/3997351/canadian-oil-rigs-moving-to-texas/
January 2018 saw the worst drop losses in nearly 10 years - https://globalnews.ca/news/4015855/canadian-economy-jobs-unemployment-statscan/
The world depends on its forest as part of managing the CO2 as part of the overall environment. This presentation looks at different angles when it comes to managing the forests.
2015 Election Promise - Liberal Party of Canada – Goods to Market – Canada – ...paul young cpa, cga
Canada is export driven country. Canada exports about 25% of its GDP. Canada needs access to market.
For each $1B of exports lead to 5,500 jobs. The exports driven jobs tends to pay 30-50% more than the service sector.
Competitiveness - Canada vs Other Countries - January 2018paul young cpa, cga
Market set prices for business
Government set policies like environment laws, labour laws, trade/investment, taxation
It is not one policy that drives FDI, but many policies
Election 2018 - Ontario - Manufacturing Sector - May 2018paul young cpa, cga
Ontario needs to become more competitive as such more regulations and taxes will not help that cause.
Both the Liberals and NDP believe in higher taxes and more regulations.
Allot will be said about GDP as part of the election build in June 2018. The problem is major areas will not be discussed by Wynne as it would paint a picture that shows Wynne was poor steward of the Ontario Economy.
Economies are driven by many factors including capital investment and consumer spending. Government only role is to set policies. Wynne and McGuinty policies have led to implementation of carbon pricing, labor reforms, hikes to hydro rates, longer regulatory approval process for natural resources, killing of the east-west pipelines, etc.
Both McGuinty and Wynne continue to spend beyond their means in terms of their fiscal management cycle. The reality is businesses get scared when faced with more taxes and/or more regulations.
Competitiveness - Canada vs other countries - February 2018paul young cpa, cga
Market set prices for business
Government set policies like environment laws, labour laws, trade/investment, taxation
It is not one policy that drives FDI, but many policies
Morneau and the Liberals are moving to higher taxes and more regulations as compare to the USA that is reducing taxes and regulations - https://globalnews.ca/news/3997351/canadian-oil-rigs-moving-to-texas/
January 2018 saw the worst drop losses in nearly 10 years - https://globalnews.ca/news/4015855/canadian-economy-jobs-unemployment-statscan/
The world depends on its forest as part of managing the CO2 as part of the overall environment. This presentation looks at different angles when it comes to managing the forests.
2015 Election Promise - Liberal Party of Canada – Goods to Market – Canada – ...paul young cpa, cga
Canada is export driven country. Canada exports about 25% of its GDP. Canada needs access to market.
For each $1B of exports lead to 5,500 jobs. The exports driven jobs tends to pay 30-50% more than the service sector.
Competitiveness - Canada vs Other Countries - January 2018paul young cpa, cga
Market set prices for business
Government set policies like environment laws, labour laws, trade/investment, taxation
It is not one policy that drives FDI, but many policies
Here is a look at infrastructure spending. The information will help people ask tough questions of their politicians in terms of funding, especially oversight.
1. Poverty has been declining for years - https://hamiltonpoverty.ca/preview/facts-about-poverty/
2. Halifax and affordable housing - https://www.cbc.ca/news/canada/nova-scotia/protest-halifax-cmhc-banc-joseph-howe-1.6161313
3. High price of housing in Hamilton - https://www.judymarsales.com/news/blog/hamilton-real-estate-market-conditions.aspx
4. Townhomes - https://www.theglobeandmail.com/real-estate/article-with-demand-high-builders-tweak-the-traditional-townhouse/
5. How to fix housing - https://www.bnnbloomberg.ca/here-are-5-ways-the-feds-could-fix-canada-s-housing-crisis-1.1648933
6. Commission - https://betterdwelling.com/canadian-real-estate-agents-are-discreetly-pushing-buyers-to-high-commission-listings/
7. Millennials - https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-no-one-is-saying-boomers-didnt-work-hard/
8. https://www.fool.ca/2021/09/05/canadas-housing-crisis-in-3-shocking-numbers/ - Population did not match the availability of housing
9. Rural areas - https://www.mcgill.ca/channels/channels/news/expert-involvement-rural-communities-crucial-canadas-recovery-333437
10. Housing Costs - https://www.nerdwallet.com/ca/mortgages/how-much-does-it-cost-to-build-a-house
11. Urban areas - https://www.blogto.com/real-estate-toronto/2021/09/small-ontario-city-home-prices-exploding/
12. Innovation - https://www.newswise.com/articles/ten-innovations-to-address-america-s-housing-affordability-crisis
13. Solutions - https://ssir.org/articles/entry/innovative_solutions_for_the_housing_crisis
14. 3D printing - https://all3dp.com/2/2019-best-companies-building-3d-printed-houses/
15. 3D Printing - https://constructionglobal.com/technology-and-ai/75-millennials-would-consider-3d-printed-homes
16. Zoning rules - https://www.reuters.com/legal/legalindustry/zoning-rules-create-affordability-economic-benefits-2021-08-27/
17. 3D printing - https://vancouversun.com/moneywise-pro/could-3d-printed-homes-solve-canadas-housing-supply-problem
Manufacturing sales increased 2.1% to $58.0 billion in March, following a 0.2% decrease in February and a 0.9% gain in January. The transportation equipment, petroleum and coal product, and primary metal industries posted the largest gains in March.
Overall, sales were up in 12 of 21 industries, representing 56.4% of the Canadian manufacturing sector.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/190516/dq190516a-eng.htm
2019 Election| Global Trade and Protectionism| Canada| May 2019paul young cpa, cga
Canada depends on exports as such needs fair and equitable trad deals to expand business opportunities for Canadian Businesses
Canada is going to more regulations and higher taxes as compare to countries like the USA which are focusing on reducing both taxes and regulations
Canada is pushing clean technology at all costs through funding of clusters as well as other funding programs
Canada is pushing social issues on all trade deals. Countries are balking at social issues.
Canada is less competitive today than back in 2015. Trudeau has decided to hike taxes for small business, raise CPP rates and force carbon tax/price for carbon on all provinces. Trudeau is using the same model that drove out jobs in Ontario due hikes to hydro rates. - https://www.slideshare.net/paulyoungcga/business-competitivesness-canada-march-2019
Market set prices for business
Government set policies like environment laws, labour laws, trade/investment, taxation
It is not one policy that drives FDI, but many policies
More is required by all levels of government to deal with the systemic issues facing real estate. This presentations looks at key areas facing housing prices across Canada and the world.
Manufacturing sales declined 0.6% to $57.8 billion in April, following a 2.6% increase in March. The largest declines were in the transportation equipment and primary metal industries. Excluding transportation equipment, manufacturing sales rose 0.8%.
Sales were down in 8 of 21 industries, representing 36.1% of total Canadian manufacturing. In volume terms, manufacturing sales were down 0.8%.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/190618/dq190618a-eng.htm
Canada forestry sector is key sector to the Canadian Economy
Canada forestry sector has faced protectionism policies - https://www.canadianmanufacturing.com/financing/canfor-to-curtail-operations-at-all-but-one-of-its-sawmills-in-british-columbia-234114/
The federal government under Justin Trudeau has done little to support the forestry sector.
Economic and Fiscal Scorecard| The United States| June 2021 and July 2021paul young cpa, cga
Blog – Canada – Economic and Fiscal Scorecard – June 2021 and July 2021
1. Inflation - https://www.bnnbloomberg.ca/inflation-expectations-spike-to-record-at-canadian-businesses-1.1644394
2. The Mfg. plan, should is based on four pillars – workforce, innovation, exports, and a net-zero strategy https://www.canadianmanufacturing.com/manufacturing/cme-manufacturers-call-for-a-concrete-plan-on-economic-recovery-272714/ You would think good-paying jobs would be Trudeau's focus, right? Nope attacking Harper is the focus. https://www.slideshare.net/paulyoungcga/manufacturing-canada-june-2021
3. https://www.nationalnewswatch.com/2021/08/30/food-processors-want-action-from-the-next-federal-government/#.YSzGdN8pDQx If food processors want better policies, then they should not be voting for either @theJagmeetSingh or @JustinTrudeau as all they know how to do is tax and spend! https://www.slideshare.net/paulyoungcga/agriculture-and-farm-equipment-sector-july-2021@CPC_HQ
4. Job vacancies - https://thoughtleadership.rbc.com/are-sky-high-job-vacancies-in-canada-around-for-a-while/
5. Circular economy - https://www.hilltimes.com/2021/08/25/canada-and-the-nordic-countries-are-allies-in-transitioning-to-a-circular-economy-envoys/312761
6. Housing - https://betterdwelling.com/canadian-housing-affordability-got-worse-under-trudeau-but-did-he-do-the-worst/
7. USA and Canada Trade - https://www.hilltimes.com/2021/08/30/reliance-on-u-s-remains-a-threat-to-canadian-economy/314006
8. Climate change - https://www.corporateknights.com/responsible-investing/why-are-canadian-pensions-risking-our-future-by-funding-fossil-fuel-expansion/
9. International support - https://www.international.gc.ca/gac-amc/publications/odaaa-lrmado/report-rapport-18-19.aspx?lang=eng
10. Infrastructure - https://www.hilltimes.com/2021/08/25/transportation-infrastructure-key-for-canadas-economic-recovery/313242
Infrastructure and Construction| USA and the World| October 2021paul young cpa, cga
Summary:
Total Construction
Construction spending during October 2021 was estimated at a seasonally adjusted annual rate of $1,598.0 billion, 0.2 percent (±1.2 percent)* above the revised September estimate of $1,594.8 billion. The October figure is 8.6 percent (±1.3 percent) above the October 2020 estimate of $1,471.7 billion. During the first ten months of this year, construction spending amounted to $1,323.1 billion, 7.5 percent (±1.0 percent) above the $1,230.8 billion for the same period in 2020.
1. Construction material index - https://canada.constructconnect.com/canadata/forecaster/economic/2021/12/gap-between-bid-price-increases-and-material-cost-increases-is-narrowing
2. Climate Change - https://www.finchandbeak.com/1662/how-steel-cement-and-construction-can.htm
3. Infrastructure - https://www.euronews.com/2021/12/01/eu-plans-to-raise-300bn-to-counter-china-s-infrastructure-spending
4. Infrastructure - https://www.seattletimes.com/opinion/letters-to-the-editor/infrastructure-package-spending-vs-investment/
5. Sand - https://thebossmagazine.com/how-are-concrete-shortages-impacting-construction-demand/
6. Skills - https://www.business-live.co.uk/partners/bridging-skills-gap-construction-industry-22013159
7. Building code - https://www.aceee.org/white-paper/2021/12/knowledge-infrastructure-critical-path-advance-embodied-carbon-building-codes
8. Housing - https://www.noradarealestate.com/blog/housing-market-predictions/
9. Asphalt - https://news.yahoo.com/shell-partners-recycling-company-pave-191041001.html
10. Risk - https://aon.co.za/insights/construction-outlook-2022/
People of Ontario have a tough choice to make in June 2018 as such this presentation will highlight areas of concerns for the people of Ontario
List of the top 10 Broken Promises: https://twitter.com/Kathleen_Wynne/status/959907698035785728 https://www.ontariopc.ca/10_liberal_big_ideas_10_broken_promises
https://www.investmentexecutive.com/news/research-and-markets/ontarios-debt-outlook-drops-to-negative-moodys/ or more failed promises -
Loss jobs - http://business.financialpost.com/opinion/75000-manufacturing-jobs-lost-thats-the-price-of-ontarios-electricity-disaster
Ontario income barely grew in 10 years - http://business.financialpost.com/news/economy/canadian-median-income-growth-sluggish-over-past-10-years-statscan-figures-show
Ontario need a change - https://www.slideshare.net/paulyoungcga/ontario-liberals-kathleen-wynne-and-dalton-mcguinty-era-january-2018
Bottom line
Ontario needs a change in government. Wynne listens to no one but herself. Wynne’s continues to introduced bad after bad policies that only hurt people of Ontario
Here is a look at infrastructure spending. The information will help people ask tough questions of their politicians in terms of funding, especially oversight.
1. Poverty has been declining for years - https://hamiltonpoverty.ca/preview/facts-about-poverty/
2. Halifax and affordable housing - https://www.cbc.ca/news/canada/nova-scotia/protest-halifax-cmhc-banc-joseph-howe-1.6161313
3. High price of housing in Hamilton - https://www.judymarsales.com/news/blog/hamilton-real-estate-market-conditions.aspx
4. Townhomes - https://www.theglobeandmail.com/real-estate/article-with-demand-high-builders-tweak-the-traditional-townhouse/
5. How to fix housing - https://www.bnnbloomberg.ca/here-are-5-ways-the-feds-could-fix-canada-s-housing-crisis-1.1648933
6. Commission - https://betterdwelling.com/canadian-real-estate-agents-are-discreetly-pushing-buyers-to-high-commission-listings/
7. Millennials - https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-no-one-is-saying-boomers-didnt-work-hard/
8. https://www.fool.ca/2021/09/05/canadas-housing-crisis-in-3-shocking-numbers/ - Population did not match the availability of housing
9. Rural areas - https://www.mcgill.ca/channels/channels/news/expert-involvement-rural-communities-crucial-canadas-recovery-333437
10. Housing Costs - https://www.nerdwallet.com/ca/mortgages/how-much-does-it-cost-to-build-a-house
11. Urban areas - https://www.blogto.com/real-estate-toronto/2021/09/small-ontario-city-home-prices-exploding/
12. Innovation - https://www.newswise.com/articles/ten-innovations-to-address-america-s-housing-affordability-crisis
13. Solutions - https://ssir.org/articles/entry/innovative_solutions_for_the_housing_crisis
14. 3D printing - https://all3dp.com/2/2019-best-companies-building-3d-printed-houses/
15. 3D Printing - https://constructionglobal.com/technology-and-ai/75-millennials-would-consider-3d-printed-homes
16. Zoning rules - https://www.reuters.com/legal/legalindustry/zoning-rules-create-affordability-economic-benefits-2021-08-27/
17. 3D printing - https://vancouversun.com/moneywise-pro/could-3d-printed-homes-solve-canadas-housing-supply-problem
Manufacturing sales increased 2.1% to $58.0 billion in March, following a 0.2% decrease in February and a 0.9% gain in January. The transportation equipment, petroleum and coal product, and primary metal industries posted the largest gains in March.
Overall, sales were up in 12 of 21 industries, representing 56.4% of the Canadian manufacturing sector.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/190516/dq190516a-eng.htm
2019 Election| Global Trade and Protectionism| Canada| May 2019paul young cpa, cga
Canada depends on exports as such needs fair and equitable trad deals to expand business opportunities for Canadian Businesses
Canada is going to more regulations and higher taxes as compare to countries like the USA which are focusing on reducing both taxes and regulations
Canada is pushing clean technology at all costs through funding of clusters as well as other funding programs
Canada is pushing social issues on all trade deals. Countries are balking at social issues.
Canada is less competitive today than back in 2015. Trudeau has decided to hike taxes for small business, raise CPP rates and force carbon tax/price for carbon on all provinces. Trudeau is using the same model that drove out jobs in Ontario due hikes to hydro rates. - https://www.slideshare.net/paulyoungcga/business-competitivesness-canada-march-2019
Market set prices for business
Government set policies like environment laws, labour laws, trade/investment, taxation
It is not one policy that drives FDI, but many policies
More is required by all levels of government to deal with the systemic issues facing real estate. This presentations looks at key areas facing housing prices across Canada and the world.
Manufacturing sales declined 0.6% to $57.8 billion in April, following a 2.6% increase in March. The largest declines were in the transportation equipment and primary metal industries. Excluding transportation equipment, manufacturing sales rose 0.8%.
Sales were down in 8 of 21 industries, representing 36.1% of total Canadian manufacturing. In volume terms, manufacturing sales were down 0.8%.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/190618/dq190618a-eng.htm
Canada forestry sector is key sector to the Canadian Economy
Canada forestry sector has faced protectionism policies - https://www.canadianmanufacturing.com/financing/canfor-to-curtail-operations-at-all-but-one-of-its-sawmills-in-british-columbia-234114/
The federal government under Justin Trudeau has done little to support the forestry sector.
Economic and Fiscal Scorecard| The United States| June 2021 and July 2021paul young cpa, cga
Blog – Canada – Economic and Fiscal Scorecard – June 2021 and July 2021
1. Inflation - https://www.bnnbloomberg.ca/inflation-expectations-spike-to-record-at-canadian-businesses-1.1644394
2. The Mfg. plan, should is based on four pillars – workforce, innovation, exports, and a net-zero strategy https://www.canadianmanufacturing.com/manufacturing/cme-manufacturers-call-for-a-concrete-plan-on-economic-recovery-272714/ You would think good-paying jobs would be Trudeau's focus, right? Nope attacking Harper is the focus. https://www.slideshare.net/paulyoungcga/manufacturing-canada-june-2021
3. https://www.nationalnewswatch.com/2021/08/30/food-processors-want-action-from-the-next-federal-government/#.YSzGdN8pDQx If food processors want better policies, then they should not be voting for either @theJagmeetSingh or @JustinTrudeau as all they know how to do is tax and spend! https://www.slideshare.net/paulyoungcga/agriculture-and-farm-equipment-sector-july-2021@CPC_HQ
4. Job vacancies - https://thoughtleadership.rbc.com/are-sky-high-job-vacancies-in-canada-around-for-a-while/
5. Circular economy - https://www.hilltimes.com/2021/08/25/canada-and-the-nordic-countries-are-allies-in-transitioning-to-a-circular-economy-envoys/312761
6. Housing - https://betterdwelling.com/canadian-housing-affordability-got-worse-under-trudeau-but-did-he-do-the-worst/
7. USA and Canada Trade - https://www.hilltimes.com/2021/08/30/reliance-on-u-s-remains-a-threat-to-canadian-economy/314006
8. Climate change - https://www.corporateknights.com/responsible-investing/why-are-canadian-pensions-risking-our-future-by-funding-fossil-fuel-expansion/
9. International support - https://www.international.gc.ca/gac-amc/publications/odaaa-lrmado/report-rapport-18-19.aspx?lang=eng
10. Infrastructure - https://www.hilltimes.com/2021/08/25/transportation-infrastructure-key-for-canadas-economic-recovery/313242
Infrastructure and Construction| USA and the World| October 2021paul young cpa, cga
Summary:
Total Construction
Construction spending during October 2021 was estimated at a seasonally adjusted annual rate of $1,598.0 billion, 0.2 percent (±1.2 percent)* above the revised September estimate of $1,594.8 billion. The October figure is 8.6 percent (±1.3 percent) above the October 2020 estimate of $1,471.7 billion. During the first ten months of this year, construction spending amounted to $1,323.1 billion, 7.5 percent (±1.0 percent) above the $1,230.8 billion for the same period in 2020.
1. Construction material index - https://canada.constructconnect.com/canadata/forecaster/economic/2021/12/gap-between-bid-price-increases-and-material-cost-increases-is-narrowing
2. Climate Change - https://www.finchandbeak.com/1662/how-steel-cement-and-construction-can.htm
3. Infrastructure - https://www.euronews.com/2021/12/01/eu-plans-to-raise-300bn-to-counter-china-s-infrastructure-spending
4. Infrastructure - https://www.seattletimes.com/opinion/letters-to-the-editor/infrastructure-package-spending-vs-investment/
5. Sand - https://thebossmagazine.com/how-are-concrete-shortages-impacting-construction-demand/
6. Skills - https://www.business-live.co.uk/partners/bridging-skills-gap-construction-industry-22013159
7. Building code - https://www.aceee.org/white-paper/2021/12/knowledge-infrastructure-critical-path-advance-embodied-carbon-building-codes
8. Housing - https://www.noradarealestate.com/blog/housing-market-predictions/
9. Asphalt - https://news.yahoo.com/shell-partners-recycling-company-pave-191041001.html
10. Risk - https://aon.co.za/insights/construction-outlook-2022/
People of Ontario have a tough choice to make in June 2018 as such this presentation will highlight areas of concerns for the people of Ontario
List of the top 10 Broken Promises: https://twitter.com/Kathleen_Wynne/status/959907698035785728 https://www.ontariopc.ca/10_liberal_big_ideas_10_broken_promises
https://www.investmentexecutive.com/news/research-and-markets/ontarios-debt-outlook-drops-to-negative-moodys/ or more failed promises -
Loss jobs - http://business.financialpost.com/opinion/75000-manufacturing-jobs-lost-thats-the-price-of-ontarios-electricity-disaster
Ontario income barely grew in 10 years - http://business.financialpost.com/news/economy/canadian-median-income-growth-sluggish-over-past-10-years-statscan-figures-show
Ontario need a change - https://www.slideshare.net/paulyoungcga/ontario-liberals-kathleen-wynne-and-dalton-mcguinty-era-january-2018
Bottom line
Ontario needs a change in government. Wynne listens to no one but herself. Wynne’s continues to introduced bad after bad policies that only hurt people of Ontario
Kathleen Wynne Liberals vs Doug Ford Ontario PCs - March 2018paul young cpa, cga
People of Ontario have a tough choice to make in June 2018 as such this presentation will highlight areas of concerns for the people of Ontario
List of the top 10 Broken Promises: https://twitter.com/Kathleen_Wynne/status/959907698035785728 https://www.ontariopc.ca/10_liberal_big_ideas_10_broken_promises
https://www.investmentexecutive.com/news/research-and-markets/ontarios-debt-outlook-drops-to-negative-moodys/ or more failed promises -
Loss jobs - http://business.financialpost.com/opinion/75000-manufacturing-jobs-lost-thats-the-price-of-ontarios-electricity-disaster
Ontario income barely grew in 10 years - http://business.financialpost.com/news/economy/canadian-median-income-growth-sluggish-over-past-10-years-statscan-figures-show
Ontario need a change - https://www.slideshare.net/paulyoungcga/ontario-liberals-kathleen-wynne-and-dalton-mcguinty-era-january-2018
Bottom line
Ontario needs a change in government. Wynne listens to no one but herself. Wynne’s continues to introduced bad after bad policies that only hurt people of Ontario
This presentation will discuss Ontario's economy including areas like FDI, Hydro Rates, Capital Investment, Taxation and Carbon Taxation.
The presentation will look at economic data related to housing starts, retail sales, exports and manufacturing.
The presentation will also highlight government policies in areas like hydro rates, innovation, carbon taxation and debt/deficit.
Election 2018 - Ontario Liberals vs Ontario Progressive Conservatives - Econo...paul young cpa, cga
People of Ontario have a tough choice to make in June 2018 as such this presentation will highlight areas of concerns for the people of Ontario
List of the top 10 Broken Promises: https://twitter.com/Kathleen_Wynne/status/959907698035785728 https://www.ontariopc.ca/10_liberal_big_ideas_10_broken_promises
https://www.investmentexecutive.com/news/research-and-markets/ontarios-debt-outlook-drops-to-negative-moodys/ or more failed promises -
Loss jobs - http://business.financialpost.com/opinion/75000-manufacturing-jobs-lost-thats-the-price-of-ontarios-electricity-disaster
Ontario income barely grew in 10 years - http://business.financialpost.com/news/economy/canadian-median-income-growth-sluggish-over-past-10-years-statscan-figures-show
Ontario need a change - https://www.slideshare.net/paulyoungcga/ontario-liberals-kathleen-wynne-and-dalton-mcguinty-era-january-2018
Bottom line
Ontario needs a change in government. Wynne listens to no one but herself. Wynne’s continues to introduced bad after bad policies that only hurt people of Ontario
This presentation focuses on the environment including what needs to happen in order to protect the environment as well as balance environmental policies with economic policies.
2015 Ontario Economy Analysis - Government Policies and Key Performance Indic...paul young cpa, cga
This presentation discusses the Ontario economy
1. GDP
2. Exports
3. Manufacturing Sales
4. Automotive Production
5. Steel Production
6. Government Business Grants
7. Government Policies
Forests play a key role in the earth's climate as such it is very important for countries around the world to develop sustainable forestry management practices.
Canada forestry sector is key sector to the Canadian Economy
Canada forestry sector has faced protectionism policies - https://www.canadianmanufacturing.com/financing/canfor-to-curtail-operations-at-all-but-one-of-its-sawmills-in-british-columbia-234114/
The federal government under Justin Trudeau has done little to support the forestry sector.
Forest Management world-wide crisis
Summary:
Hamilton is struggling with high costs of rent and affordable housing
Hamilton is attracting for investment. Majority of the construction is related to real estate and commercial.
Hamilton needs to undertake a complete spending review as part of their fiscal management cycle.
HSR needs to revisit its transit optimization model
More needs to be done to make Hamilton an incubation hub for advance manufacturing, vertical farming, IT, and the green economy.
Hamilton ports needs to look at ways to expand its traffic flow.
Unemployment is all-time low, but low unemployment does not tell you the complete picture
Canada’s regulatory, hydro and tax policies are driving out business investment
Education is not in alignment with jobs today and tomorrow
All governments are pandering for votes and not what is right for economic development
2019 Election Issues| Municipal and Local Government| Issues and Analysis - M...paul young cpa, cga
Too many elected councilors do not read AG reports or F/S or other reports but are quick to blame provincial government when funding cuts are made.
Business always has to adjust to changes with their customer as such why are municipal govt not doing more gap action work as part of managing their fiscal management cycle.
Strategies for Growth: Opportunities in the Jamaican Business Environmentvictoriamutual
There are opportunities for growth in the Jamaican business environment that will improve the economy with the right strategies and effective management.
Hydro generation is by far main source of power generation
Clean Technology continues to be heavily subsidized by government
Wind and Solar require backup power generation like Natural Gas or Diesel Generators
Many countries around the world provide support to agriculture sector
Agenda 2030 is pushing for more corporate farms
There are improvements in farming over the year like vertical farming, water and land management and crop resistance to drought
Canada Food/AG sectors have loss jobs since the Liberal took power in 2015
Liberals cannot get goods to market, i.e. grain not getting to export markets
Similar to Election 2018 - Ontario economy - May 2018 (20)
Global Housing Market Analysis and Commentary- September 2023.pptxpaul young cpa, cga
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptxpaul young cpa, cga
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
Electricity Analysis - Canada and the OECD - June 2023.pptxpaul young cpa, cga
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Stock Market Analysis and Commentary for WE September 9 2023.pptxpaul young cpa, cga
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...paul young cpa, cga
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptxpaul young cpa, cga
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
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
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
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.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
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
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
1. ELECTION 2018 – ONTARIO
ECONOMY – MAY 2018
PAUL YOUNG CPA, CGA
MAY 4, 2018
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 – Financial Solutions
• SME – Business Process Change
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. SUMMARY
• ONTARIO IS LESS PRODUCTIVE SINCE LIBERALS TOOK OFFICE IN 2004
• THE JOBS PROSPERITY FUND HAS DONE LITTLE TO STEM THE TIDE WHEN IT
COMES TO GOODS PRODUCING JOBS LEAVING ONTARIO
• ONTARIO’S GOODS PRODUCING SECTOR GDP HAS BEEN REPLACED BY SERVICE
SECTOR AREAS LIKE REAL ESTATE, DISTRIBUTION AND RETAIL.
• ONTARIO LIBERAL GOVERNMENT HAS NOT FIXED SYSTEMIC ISSUES WITH
TAXES, REGULATIONS, HYDRO RATES, EXPORT RELATED INFRASTRUCTURE.
4. AGENDA
• EMPLOYMENT 2003-2018
• JOBS AND PROSPERITY FUND
• CURRENT STATE
• EMPLOYMENT / GOODS
PRODUCING
• GDP / GOODS
PRODUCING
• PRODUCTION
• AUTOMOTIVE
• STEEL
• CLASS 8 TRUCKS
• MINING
• FORESTRY
• FOOD PROCESSING
• ELECTRICAL
VEHICLES
• COMPETITIVENESS
• TAXATION
• REGULATIONS
• INNOVATION/INVESTMENT
FUNDS
6. JOBS AND PROSPERITY FUND (JANUARY 1, 2013 TO
PRESENT)
SOURCE - HTTPS://WWW.ONTARIO.CA/PAGE/JOBS-AND-PROSPERITY-FUND AND HTTPS://WWW.ONTARIO.CA/PAGE/JOBS-
AND-PROSPERITY-FUND-REGIONAL-BUSINESS-SUPPORT-PROGRAM-PROGRESS-REPORT-LEAD
Sample of Funding to Private Sector
1. Primary Industries and
Manufacturing loss 40K jobs
since 2013
2. Government role is not to pick
and choose winners
3. Much of the money goes to just
maintaining existing staffing
levels
7. OVERALL MANUFACTURING SECTOR -
ONTARIO
SOURCE – STATS CANADA
• Hydro rates have cost 75,000
manufacturing jobs over the past few
years -
http://business.financialpost.com/opi
nion/75000-manufacturing-jobs-
lost-thats-the-price-of-ontarios-
electricity-disaster
• Carbon taxes do not support GDP
growth as matter fact reduce GDP -
http://business.financialpost.com/co
mmodities/energy/ottawas-carbon-
tax-plan-to-shrink-economy-by-3-
billion-hurt-loonie-in-2018-study
• Ontario has seen reduced productivity
due to poorly constructed tax policies,
labor reforms, regulatory filing issues,
etc -
https://www.competeprosper.ca/blog
/five-things-to-know-about-
ontarios-manufacturing-exports
• Ontario was economic engine of
8. MFG GDP – 2003 THROUGH TO 2014
SOURCE – STATS CANADA
9. AUTOMOTIVE SECTOR
SOURCE - HTTP://WWW.GBM.SCOTIABANK.COM/SCPT/GBM/SCOTIAECONOMICS63/GAR_2018-
01-30.PDF
Issues:
• Labour Laws – Magna is at the
tipping point in terms of
expanding their operations in
Ontario -
https://www.bnn.ca/magna-
takes-aim-at-wynne-government-
s-new-labour-laws-1.810174
• CAMI came within days of closing.
CAMI has sited carbon tax, hydro
rates, other taxes are too high in
Ontario -
http://business.financialpost.com/
transportation/autos/gm-strike
• Wynne has given handouts to
automotive through her jobs and
prosperity funds, but those
handouts in many cases just led to
current jobs being kept.
• Trump’s content rules on NAFTA
could also impact the automotive
sector in Ontario
10. ONTARIO / CLASS 8 TRUCKS
SOURCE – THE TRUCKER
• There are small trailer plants, but
those plants are very small in terms
of size
• Ontario used to produced Class 8
Trucks, but plant closures have
happen like the following:
• Sterling Trucks -
http://www.stthomastimesjourn
al.com/2008/10/14/sterling-
truck-plant-to-close
• Navistar Trucks -
https://kitchener.ctvnews.ca/na
vistar-closing-truck-plant-in-
chatham-ont-1.678209
11. STEEL PRODUCTION / ONTARIO
SOURCE – WORLD STEEL ASSOCIATION
• Wynne implemented carbon tax
ignoring any economic impact study
- http://pricecarbonnow.org/effect-
carbon-pricing-competitiveness-
industries (Steel is carbon based
business
• Steel has modernized over the years
due to changes in manufacturing
processes
• McGuinty made promises on Stelco
Pensions -
https://www.thespec.com/news-
story/2190466-u-s-steel-pensions-
loans-safe-mcguinty-says/
• Liberals never grasp cost pressures
facing large business as such many
large business either scale back
operations or close up all together in
Ontario
12. ONTARIO FOOD PROCESSING SECTOR
SOURCE -
HTTPS://WWW.MENTORWORKS.CA/BLOG/MARKET-
TRENDS/ONTARIO-FOOD-AND-BEVERAGE-INDUSTRY-
Today, approximately 3,800 Ontario
food and beverage processing
companies provide crucial resources
to both local and international
consumers. The province continues to
be an ideal location for business
owners in the food and beverage
industry based on access to natural
resources, innovation, and skilled
labour. In 2016, Ontario’s agriculture
sector increased its total output
by 3% and contributed over $40
billion towards the provincial
economy. However, there is still room
to improve the sectors rate of growth
and development throughout 2017.
Food and Beverage Ontario (FBO)
recently released its annual report
underlining some of the major trends
or areas of concern within the sector.
The top four challenges food and
beverage processing businesses face,
include:
• Workforce development and access
to skilled labour;
• Provincial electricity costs;
• Regulatory issues; and
• Implementation of growth
strategies.
13. ONTARIO MINING SECTOR
SOURCE -
HTTPS://WWW.OMA.ON.CA/EN/ONTARIOMINING/FACTS_FIGURES.ASP
• 9 mine sites operating in Ontario
• Nickel, gold, copper, zinc and platinum group metals
• Diamonds, salt, gypsum, talc, calcium carbonate, nepheline
syenite and other industrial minerals
• Ontario is the largest producer in Canada of gold, platinum group
metals and nickel, and the second largest producer of copper.
The province is also a major producer of salt and structural
materials.
• Mining benefits all areas of the province, providing a broad scope
of employment and entrepreneurial opportunities.
• Ontario is one of the safest mining jurisdictions in the world and
mining is one of the safest industries in Ontario, achieving a 96%
improvement in lost time injury frequency over the past 30
years.
• Value of mineral production in Ontario was $10.8 billion in 2015.
See Ontario mineral production highlights for 2015 and read
about the economic contribution of mining to the province.
• 90% of the mining GDP stays inside Ontario.
• 78,000 mineral production employees include direct employment
of 16,100.
• The opposite can be said
of two of Canada’s other
large jurisdictions —
British Columbia and
Ontario — which dropped
in this year’s rankings.
Internationally, Ontario
places 18th (down three
spots from last year) and
B.C. ranks 27th, more than
ten places lower than its
2015 position (18th).
http://www.mining.com/c
anadas-saskatchewan-
manitoba-worlds-new-
top-mining-destinations/
14. BLOG – ONTARIO MANUFACTURING
• UNITED STATES HAS BEEN EXPANDING MANUFACTURING JOBS AS COMPARE TO CANADA
WHO CONTINUES TO LOSE MANUFACTURING JOBS -
HTTPS://WWW.INSTITUTEFORSUPPLYMANAGEMENT.ORG/ISMREPORT/MFGROB.CFM?SSO=1
• CANADA PMI CONTINUES TO FALL!
HTTPS://TRADINGECONOMICS.COM/CANADA/MANUFACTURING-PMI
• WYNNE CHAMPIONS GROWTH, BUT WHAT SHE DOES NOT SAY IS THAT MANUFACTURING,
MINING, FOOD PRODUCTION AND FORESTRY HAVE BEEN STRUGGLING FOR YEARS UNDER
HER WATCH. WYNNE FOCUS HAS BEEN ON CORPORATE WELFARE, CLEAN TECHNOLOGY
AND GROWING THE PUBLIC-SECTOR PAYROLLS -
HTTPS://WWW.SLIDESHARE.NET/PAULYOUNGCGA/MANUFACTURING-SECTOR-CANADA-
JANUARY-2017
16. ONTARIO DEBT / DEFICIT
Ontario’s budget watchdog says that the province’s deficit will be $2.6 billion in
2017-18, despite a Liberal government pledge to balance the books by then. The
Financial Accountability Office released its economic and fiscal outlook today, saying
that beyond that fiscal year the deficit will deteriorate further to $3.7 billion in 2020-
21.
Ontario’s Liberal government is dipping into its reserve fund to help balance the
budget for the next two years, ahead of the next provincial election.
An accounting dispute with the auditor general over how pension assets should
appear on the books is adding $2.2 billion to the deficit this fiscal year, but the
government insists it will reach balance by its self-imposed deadline of 2017-18.
Ontario universities face several financial pressures, among them pension solvency
deficits, according to a new commentary by debt rating service DBRS Ltd. (who is on
the hook for the pension shortfall?
17. BLOG/ELECTORATE
You buy that post? I do not!
http://business.financialpost.com/opinion/75000-
manufacturing-jobs-lost-thats-the-price-of-ontarios-
electricity-disaster (Is this a lie?)
Is this information wrong?
https://www.slideshare.net/paulyoungcga/truth-about-
ontario-economy-february-2018
https://www.theglobeandmail.com/news/national/high-
electrical-costs-have-driven-thousands-of-manufacturing-
jobs-from-ontario-report/article36610740/
Liberal policies led to more of the drop
Rebuttal / David Fox
18. WHAT’S NEXT
• ONTARIO – AREA OF FOCUS
• LOW DOLLAR HAS INSULATED ONTARIO FROM GLOBAL PRESSURES
• HIGH HYDRO RATES ARE IMPACTING BUSINESS INVESTMENT -
HTTP://WWW.OCC.CA/PORTFOLIO/EMPOWERING-ONTARIO/
• RED TAPE IS DELAY PROJECTS (HTTP://BUSINESS.FINANCIALPOST.COM/NEWS/MINING/WHAT-
ONTARIO-NEEDS-TO-UNLOCK-RING-OF-FIRES-MINERAL-WEALTH-IS-A-MARSHALL-PLAN
• BROKEN ARBITRATION SYSTEM (HTTP://WWW.CFIB-FCEI.CA/ENGLISH/ARTICLE/6069-GOVERNMENT-
WAGES.HTML
• CARBON TAXATION (HTTPS://WWW.THESTAR.COM/BUSINESS/2016/10/04/HOW-TRUDEAUS-
CARBON-PRICE-PLAN-WILL-AFFECT-FIVE-CANADIAN-INDUSTRIES.HTML OR
• INNOVATION SPENDING (HTTP://WWW.THEGLOBEANDMAIL.COM/REPORT-ON-
BUSINESS/ECONOMY/CANADA-FALLING-BEHIND-IN-RESEARCH-AND-
DEVELOPMENT/ARTICLE21605656/)
• SLOW GLOBAL ECONOMY (HTTP://WWW.GBM.SCOTIABANK.COM/ENGLISH/BNS_ECON/FORECAST.PDF
• ONTARIO BUSINESS INVESTMENT - HTTP://WWW.STATCAN.GC.CA/DAILY-
QUOTIDIEN/160510/DQ160510A-ENG.PDF
• ONTARIO HEADS TO ANOTHER ELECTION IN 2018
• ISSUES AT HAND
• HYDRO RATES
• ECONOMY
• DELIVERY OF PROGRAM SPENDING