All politicians will promise you the world to get elected. The problem is Ontario's finances are a disaster as such next government not avoid the fiscal mess.
Tough decisions will need to be made by the next government to ensure programs are sustainable.
The problem is neither Wynne nor Horwath have the skill to restructured government
Here is a look at the issues facing Ontario including duplication of programs. The Liberals threw money at the symptoms which never fixes the root causes to issues facing the delivery of efficient and effective government.
All party leaders are making promises as part of getting elected. The problem is that both Horwath and Wynne are being less than truthful as Ontario has a structural deficit of $11B.
Structural deficits do not go away overnight as decision have to be made including gap action plans.
It would be nice if Wynne and Horwath would discuss how they will restructured government instead pointing the finger at Ford.
Here is a look at the issues facing Ontario including duplication of programs. The Liberals threw money at the symptoms which never fixes the root causes to issues facing the delivery of efficient and effective government.
All party leaders are making promises as part of getting elected. The problem is that both Horwath and Wynne are being less than truthful as Ontario has a structural deficit of $11B.
Structural deficits do not go away overnight as decision have to be made including gap action plans.
It would be nice if Wynne and Horwath would discuss how they will restructured government instead pointing the finger at Ford.
Wynne will never discuss her policies including fiscal mismanagement as it would show that she is a failure.
Ontario has seen lots of money thrown around, but in many cases the money is either tied up in salary or is wasted by liberals on their own pet projects.
Healthcare is the largest expenditure by the province of Ontario
There is misinformation by Ontario Liberals when it comes to how Ontario PC would handle healthcare and/or how the funding has flow to front-line services
Ontario needs to be restructured on how it delivers program spending when it comes to value for money
There are broken processes like arbitration that pushing additional costs on to municipal, school boards and hospitals - https://www.cfib-fcei.ca/en/media/new-report-broken-arbitration-system-causing-unsustainable-rise-municipal-costs
Neither Wynne nor Horwath would touch the costing model. Both believe in rewarding unions for their support.
Ontario has $15B structural deficit - http://www.auditor.on.ca/en/content/specialreports/specialreports/2018Pre-Election_en.pdf
Ontario needs to be restructured on how it delivers program spending when it comes to value for money
There are broken processes like arbitration that pushing additional costs on to municipal, school boards and hospitals - https://www.cfib-fcei.ca/en/media/new-report-broken-arbitration-system-causing-unsustainable-rise-municipal-costs
Neither Wynne nor Horwath would touch the costing model. Both believe in rewarding unions for their support.
Ontario has $15B structural deficit - http://www.auditor.on.ca/en/content/specialreports/specialreports/2018Pre-Election_en.pdf
Alberta has no path to balance budget
Alberta’s debt service costs are now close to $2B/year
Alberta using the same failed model as Ontario when incomes to funding clean technology
AB new jobs have been public sector and not private sector.
The federal government of Canada provides equalization payments as part of helping provinces support social programs when they do not have the ability to increase their revenue through economic activities.
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
Progressive conservatives vs Liberal Government for Ontariopaul young cpa, cga
This presentation will look at 13+ years of governments led by Mike Harris (PC) as well as Liberals (Kathleen Wynne and Dalton McGuinty)
Ontario debt has double since 2003 and yet we have seen a deterioration in terms of the quality of services as well as the economy.
2019 Election| Federal Transfers to Province| Canada | August 2019paul young cpa, cga
This presentation provides the facts on federal transfers. The information in the presentation will help you make an informed decision when it comes the path forward when it comes to federal government transfers.
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
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
Wynne will never discuss her policies including fiscal mismanagement as it would show that she is a failure.
Ontario has seen lots of money thrown around, but in many cases the money is either tied up in salary or is wasted by liberals on their own pet projects.
Healthcare is the largest expenditure by the province of Ontario
There is misinformation by Ontario Liberals when it comes to how Ontario PC would handle healthcare and/or how the funding has flow to front-line services
Ontario needs to be restructured on how it delivers program spending when it comes to value for money
There are broken processes like arbitration that pushing additional costs on to municipal, school boards and hospitals - https://www.cfib-fcei.ca/en/media/new-report-broken-arbitration-system-causing-unsustainable-rise-municipal-costs
Neither Wynne nor Horwath would touch the costing model. Both believe in rewarding unions for their support.
Ontario has $15B structural deficit - http://www.auditor.on.ca/en/content/specialreports/specialreports/2018Pre-Election_en.pdf
Ontario needs to be restructured on how it delivers program spending when it comes to value for money
There are broken processes like arbitration that pushing additional costs on to municipal, school boards and hospitals - https://www.cfib-fcei.ca/en/media/new-report-broken-arbitration-system-causing-unsustainable-rise-municipal-costs
Neither Wynne nor Horwath would touch the costing model. Both believe in rewarding unions for their support.
Ontario has $15B structural deficit - http://www.auditor.on.ca/en/content/specialreports/specialreports/2018Pre-Election_en.pdf
Alberta has no path to balance budget
Alberta’s debt service costs are now close to $2B/year
Alberta using the same failed model as Ontario when incomes to funding clean technology
AB new jobs have been public sector and not private sector.
The federal government of Canada provides equalization payments as part of helping provinces support social programs when they do not have the ability to increase their revenue through economic activities.
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
Progressive conservatives vs Liberal Government for Ontariopaul young cpa, cga
This presentation will look at 13+ years of governments led by Mike Harris (PC) as well as Liberals (Kathleen Wynne and Dalton McGuinty)
Ontario debt has double since 2003 and yet we have seen a deterioration in terms of the quality of services as well as the economy.
2019 Election| Federal Transfers to Province| Canada | August 2019paul young cpa, cga
This presentation provides the facts on federal transfers. The information in the presentation will help you make an informed decision when it comes the path forward when it comes to federal government transfers.
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
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
Ontario Liberals - Kathleen Wynne and Dalton McGuinty era - January 2018paul young cpa, cga
Ontario GDP will grow at pace of 1.8 to 2.3% for the next decade or so.
Ontario has spending a problem - https://www.fraserinstitute.org/studies/spending-is-the-source-of-ontarios-deficit-and-debt-problem
Moodys has downgraded bonds and put Ontario on watch (http://www.metronews.ca/news/canada/2015/02/23/ontario-has-a-serious-spending-problem-finds-credit-report.html)
Budget watchdog also doubts Ontario will balance the budget - http://business.financialpost.com/news/economy/ontario-watchdog-says-balanced-budget-unlikely-for-several-years-despite-liberals-pledge
Healthcare professionals are saying the system is max (https://cupe.ca/1000-hospital-staff-travel-great-distances-kingston-rally-end-funding-freeze-choking-ontario
Ontario has issues with delivery of precious tax dollars to programs like healthcare, education, etc.
Hydro rates are schedule to go up after 2019 - https://globalnews.ca/news/3827189/hydro-ontario-plan-cost/
People need to review all aspects of the various parties platform including looking at the annual report for government.
There is allot of information that is missing from statements made by various parties. Elections tend to allow parties to mislead the facts.
Ontario - Kathleen Wynne and Dalton McGuinty era - June 2017paul young cpa, cga
Here is look at Ontario since the Liberals became the government for Ontario. The presentation focuses on key areas as such may exclude other policies as they were out of scope.
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
Fiscal Management| Cycle| Analysis and Commentary| Canadapaul young cpa, cga
Military procurement - https://www.pbo-dpb.gc.ca/en/blog/news/RP-2021-040-C--cost-canada-surface-combatants-2021-update-options-analysis--cout-navires-combat-canadiens-mise-jour-2021-analyse-options or https://www.cbc.ca/news/politics/frigate-fleet-cost-1.5926000
Failures on many procurement and policies like clean water for first nations – new audit reports - https://www.oag-bvg.gc.ca/internet/English/mr_lp_e_1455.html
There is still no fiscal anchor - https://www.reuters.com/article/us-canada-economy-idUSKBN2AG2AV
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.
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
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.
All government program spending needs to go through value for money including changes to the costing model
Too many governments are not getting value for their government services.
Government needs to become lean - https://fcpp.org/2018/10/12/employment-data-shows-canadas-public-sector-getting-fatter/
Canada needs to have competitive tax rates or risk a brain drain - https://www.slideshare.net/paulyoungcga/technology-market-canada-and-the-world-march-2019
Canada needs have govts that support policies that encourage business investment - https://www.slideshare.net/paulyoungcga/business-competitivesness-canada-march-2019
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
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
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.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
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.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
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
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
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
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
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
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.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
Election 2018 - Ontario - Fiscal Management - May 2018
1. Election 2018 – Ontario –
Program Spending and
Fiscal Management – May
2018
Paul Young CPA, CGA
May 4, 2018
2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4 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
This presentation looks at money from
government to front-line services
The presentation also looks at impact of
funding including outcomes.
Wynne banks on that people with not read
Auditor-General Reports or F/S or outcomes.
Wynne and her team all but ignored AG
reports
Wynne has been playing games with the
books, i.e. pension adjustment, hydro rates,
etc.
4. Agenda
• Overall
• Healthcare
• Education
• Skills Trade / Post Secondary
• Jobs and Prosperity Fund
• Hydro Rates
• Auditor-General Reports
5. Ontario Deficit
• https://www.canadianmanufacturing.com/financing/ontario-deficit-will-jump-to-almost-12-billion-in-
2018-budget-watchdog-212612/
TORONTO—For the second time in a week Ontario’s Liberals were dealt a blow by a legislative watchdog, this
time the Financial Accountability Office says the government’s deficit projections are inaccurate.
Just weeks before Ontario’s provincial election, the FAO said Wednesday the province’s deficit will jump to
almost $12 billion this year as a result of higher spending in the Liberal government’s 2018 budget and weak
revenue gains.
Those figures—released in the FAO’s Spring 2018 Economic Outlook—stand in stark contrast to the $6.7 billion
deficit projected just weeks ago by the Liberals in their spring budget and already called into question last week
by Ontario Auditor General Bonnie Lysyk.
FAO chief economist David West said at a basic level the government’s current spending levels are
unsustainable.
“We use the word structural deficit,” he said. “There is a fundamental imbalance between revenues and
spending. The 2018 budget just added to that imbalance. The conclusion of that … is that economic growth
alone will not be sufficient to allow the government to eliminate the deficit.”
6. 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?
Source - http://www.rbc.com/economics/economic-
reports/pdf/provincial-forecasts/prov_fiscal.pdf
7. Annual F/S - Ontario
Source - http://www.ontla.on.ca/library/repository/ser/15767/2003-
2004//Annualreportfinancials.pdf or
https://files.ontario.ca/en_publicaccounts_annualreport_cfs_2017-9.pdf
• Auditor General for Ontario says
deficit is $2.5B as compare to
Wynne who shows $991M -
https://www.mississauga.com/news-
story/7542977-government-and-
auditor-general-at-odds-over-size-
of-ontario-s-deficit/
• Ontario PC’s dealt with lower
government transfers as part of
their fiscal management
• Liberal as added many new taxes
like carbon tax or Health Premium
or Property tax or other taxes
• Ontario has a spending problem, not
a tax problem -
https://ipolitics.ca/2013/04/19/onta
rio-has-a-spending-problem-not-a-
revenue-problem/
• IESO -
8. Ontario Taxation Mix
Source - http://www.ontla.on.ca/library/repository/ser/15767/2003-
2004//Annualreportfinancials.pdf or
https://files.ontario.ca/en_publicaccounts_annualreport_cfs_2017-9.pdf
New Taxes
• Ontario now 4.5% more of its
revenue from the federal
government
• New taxes cost taxpayers about
12 cents through either high
prices or direct taxation
(property taxes)
• Ontario is less reliance on
personal income, but has shifted
to users fees. User fees are paid
out with after tax dollars
Comments:
9. Healthcare Spending / Ontario
(2016-2017)
Source - https://files.ontario.ca/en_publicaccounts_annualreport_cfs_2017-9.pdf or https://www.fin.gc.ca/fedprov/mtp-eng.asp#Ontario or
https://www.rvh.on.ca/account/SiteAssets/SitePages/account/2017%20RVH%20Audited%20Financial%20Statements%20-%20Signed.pdf
• LHIN Operation Cost
$88M/year
• Wages/Ministry of
Health total $293M
Trudeau kept CPC funding
formula
https://canadians.org/bl
og/trudeau-government-
implements-harper-
governments-funding-
formula-health-care
• Royal
Victoria
Hospital
1. New funding does not mean it gets to patient -
https://www.simcoe.com/news-
story/6945785-barrie-s-rvh-could-pay-more-
than-180k-extra-for-hydro-next-year/ or
http://ottawacitizen.com/news/local-news/it-
is-a-failure-on-many-levels-ontario-failing-to-
adequately-support-the-elderly-critics-say
2. MRI Wait time -
https://youtu.be/5lD6TMEjyfk
3. Wait times -
https://www.thestar.com/news/canada/2018
/04/12/ontario-follows-national-trend-on-
wait-times-for-medical-procedures.html
4. Nurses have seen job cuts -
https://www.thespec.com/news-
story/8109542-ontario-nurses-walk-away-
from-contract-talks/
5. Overcrowding -
http://www.cbc.ca/news/canada/toronto/hos
pital-overcrowding-leaves-patients-in-
hallways-despite-addition-of-beds-1.4438907
6. LHIN -
https://www.theglobeandmail.com/news/nat
ional/auditor-general-finds-wide-variation-in-
home-care-supports-across-
ontario/article27565501/
10. Blog – Healthcare
• http://lfpress.com/news/local-news/hallway-medicine-starts-in-overcrowded-london-hospitals-may-1
• https://www.slideshare.net/paulyoungcga/healthcare-crisis-in-canada-april-2018
• http://lfpress.com/news/local-news/hallway-medicine-starts-in-overcrowded-london-hospitals-may-1
•
• New funding does not mean it gets to patient - https://www.simcoe.com/news-story/6945785-barrie-s-rvh-
could-pay-more-than-180k-extra-for-hydro-next-year/ or http://ottawacitizen.com/news/local-news/it-is-a-
failure-on-many-levels-ontario-failing-to-adequately-support-the-elderly-critics-say
• MRI Wait time - https://youtu.be/5lD6TMEjyfk
• Wait times - https://www.thestar.com/news/canada/2018/04/12/ontario-follows-national-trend-on-wait-
times-for-medical-procedures.html
• Nurses have seen job cuts - https://www.thespec.com/news-story/8109542-ontario-nurses-walk-away-from-
contract-talks/
• Overcrowding - http://www.cbc.ca/news/canada/toronto/hospital-overcrowding-leaves-patients-in-
hallways-despite-addition-of-beds-1.4438907
• LHIN / Audits - https://www.theglobeandmail.com/news/national/auditor-general-finds-wide-variation-in-
home-care-supports-across-ontario/article27565501/
11. Education / Ontario – 2016-2017
Source - https://files.ontario.ca/en_publicaccounts_annualreport_cfs_2017-9.pdf or http://www.wrdsb.ca/wefi/wp-
content/uploads/sites/19/WEFI-Audited-Financial-Statements-at-July-31-2017.pdf or https://www.wrdsb.ca/wp-
content/uploads/WRDSB-Financial-Statements-at-Aug-31-2017.pdf
• AG/Pension issue -
https://www.thestar.com/news/
queenspark/2017/09/07/govern
ment-and-auditor-general-at-
odds-over-size-of-ontarios-
deficit.html
• Waterloo
Board of
Education
Outcomes:
1. Graduation Rates -
https://news.ontario.ca/edu/en/2017/05/high-school-
graduation-rate-climbs-to-all-time-high.html - Grad rates
are up!
2. Quality of Students – Ontario students continue to lag in
areas like math and sciences -
https://www.thestar.com/news/gta/2016/11/30/ontario-
math-scores-for-10-year-olds-lag-behind-27-other-
countries.html
3. High youth employment rates -
http://www.advisor.ca/news/economic/jobless-rate-for-
youth-could-rise-economist-239887
4. Students lack the soft skills -
http://www.cbc.ca/news/canada/sudbury/potential-hires-
need-soft-skills-1.4206639
5. Minimum Wage / Jobs -
http://business.financialpost.com/news/economy/bank-of-
canada-estimates-60000-fewer-jobs-due-to-minimum-wage-
increases
12. Blog - Education
Ontario may have higher graduation rates
which is a good thing! However, it is the
quality of student that is the issue at hand.
Many students are told to go to University
as such we have likely more
university/college than the economy can
support.
Wynne and McGuinty’s policies drove out
investment in areas likes goods producing.
Goods producing jobs tend to pay 25-30%
more than service sector jobs!
Source -
https://www.slideshare.net/paulyoungcga/
education-canada-policy-analysis-april-2018
14. Blog – Skills Trade
•
• Source - https://www.canadianmanufacturing.com/manufacturing/economic-advisers-push-ottawa-focus-
business-investment-job-re-skilling-205533/
• “The overarching goal of the influential Advisory Council on Economic Growth is to help Canadian households add
an extra $15,000 to their projected annual pre-tax incomes by 2030.
• In its third wave of recommendations, to be released later this week, the council says Canada urgently needs
another $15 billion in annual investments for adult skills development to help workers adjust to the demands of
the rapidly changing labour market.
• The group recommends the creation of an RRSP-type lifelong learning fund that enables workers to accumulate
tax-free savings, combined with contributions from employers and government, in order to cover the cost of
developing new skills midway through their working lives.
• Canada already has educational programs - https://www.slideshare.net/paulyoungcga/government-policies-
education-skills-development-canada-november-2017
• Canada needs to revamp its post secondary model to better align skills to jobs of today and tomorrow -
https://www.inc.com/business-insider/21-new-jobs-future-robots-automation.html
• Job Retraining programs -The federal government provides funding for post-secondary education via CST Transfers
– All job training programs should be reviewed to ensure money is achieving the outcomes
https://www.canada.ca/en/services/jobs/training.html
• Primary and secondary school programs need to be revamp to ensure students are pushed to jobs of the future -
https://www.slideshare.net/paulyoungcga/2017-career-management-outlook-on-jobs-canada-and-united-states
OCOT is a destructive, government-imposed program that
masquerades as a benign application, yet hides potentially
dangerous predators, says Doug Leitch.
Source - https://www.canadiancontractor.ca/canadian-
contractor/the-ontario-college-of-trades-is-a-trojan-
horse/7052/
15. Job and Prosperity Fund
• Many thanks to Wynne and
her team for driving out FDI
https://www.thestar.com/ne
ws/canada/2017/09/13/can
adian-incomes-jump-but-
ontario-residents-hit-by-
manufacturing-downturn-
statistics-canada.html
•
• The only thing Liberals are
good at is handing out
moneys
• https://www.slideshare.net/
paulyoungcga/government-
policy-jobs-and-prosperity-
fund-ontario
16. Hydro / Fair Hydro
Liberal supporter,
• So, Fraser Institute is wrong, right? So, is the AG report wrong as well?
http://www.auditor.on.ca/en/content/news/11_newsreleases/2011ne
ws_3.03.pdf
•
• Ontario AG
http://www.auditor.on.ca/en/content/specialreports/specialreports/F
airHydroPlan_en.pdf or
http://www.cbc.ca/news/canada/toronto/ontario-hydro-auditor-
general-report-fair-hydro-plan-wynne-1.4358168
•
• I have done my own work through reviewing different information and
high hydro rates have driven out business -
https://www.slideshare.net/paulyoungcga/failed-clean-energy-
policies-ontario-wynne-and-mcguinty
•
• Ontario businesses are at the breaking point with the Liberals as they
have seen carbon taxation, elimination of EHT threshold, high hydro
rates, planned hikes to minimum wage, etc. Business can adjust to
government policies, but not when they continue to be slammed by
Wynne with bad after bad policy!
•
• Jobs replaced by manufacturing have been lower in pay, like
retail/transportation/etc. https://beta.theglobeandmail.com/report-
on-business/economy/census-2016-statscan-
income/article36242392/?ref=http://www.theglobeandmail.com&
•
http://www.cbc.ca/news/canada/toronto/ontario-hydro-
auditor-general-report-fair-hydro-plan-wynne-1.4358168
“Auditor General Bonnie Lysyk investigated the financing
of what the Ontario Liberals call the "Fair Hydro Plan." The
plan has reduced the average household electricity bill in
the province by 25 per cent from the peak in the summer
of 2016.
Lysyk said the government is "improperly" accounting for
the $26 billion in debt the province is taking on to cut
hydro bills in the short term.
The $26 billion is being borrowed through Ontario Power
Generation, so will not appear on the province's books.
Electricity customers will pay off that debt through rate
increases spread out over the next 30 years.
18. Bottom Line
• All parties make promises which is just part of getting elected
• The next government will have to do the following:
• Eliminating the deficit
• Reducing GDP to Debt to 30% range
• Re-working compensation (Grid and Pension reforms)
• Reducing regulations that stifle business
• Fixing hydro rates and the Grid
• Eliminating the Carbon Tax (not required)
• Reducing the size of government through attrition, privatization, etc.
• Reforming a broken arbitration system
• Reforming taxation
• Making key investments that support export producing industries
• Opening up the procurement process
• Consolidation of government offices and selling of real estate
• Supporting economic growth in the North and Rural Ontario