paul young cpa, cga, profile picture
Uploaded bypaul young cpa, cga
PPTX, PDF765 views

Fiscal Management| Cycle| Analysis and Commentary| Canada

The document provides an analysis of Canada's fiscal management cycle, focusing on federal and provincial responses to the COVID-19 pandemic and associated deficit spending exceeding CAD 252 billion. It critiques government policies, including tax changes and expenditures, suggests the need for operational audits, and highlights the risks of increasing public debt and poor targeting of stimulus measures. Furthermore, it discusses the implication of Canada's highest deficit-to-GDP ratio among G20 countries and the potential for interest rate increases due to lowered bond ratings.

Embed presentation

Download to read offline
Fiscal Management Cycle – Canada Paul Young CPA CGA February 27, 2021
Paul Young - Bio • CPA, CGA • Academia (PF1, FA4, FN2, MU1. and MS2) • SME – Risk Management • SME – Close, Consolidate and Reporting • SME – Public Policy • SME – Emerging Technology • SME – Business Process Change • SME – Financial Solutions • SME – Macro/Micro Indicators • SME – Supply Chain Management Contact information: Paul_Young_CGA@hotmail.com
Introduction This presentation looks at key planks by the Liberals as well as fiscal management cycle for each party. Federal government has undertaken $252B+ in deficit spending as part of the COVID19 response.
Agenda • Fiscal Update • FY 19/20 – Fiscal Management Cycle – Canada • FY 20/21 – Fiscal Management – Federal Government • FY 20/21 – Fiscal Management Cycle – Provinces • Pandemic Response • Credit Downgrade • Size of Government • GDP Growth / Provinces • Job Quality – USA vs Canada • Affordability • GDP / Canada • Key Metrics / GDP comments • Importance of Audit (Operational and Performance Audit) • PBO / Deficit • Paul Martin years • 1980-1982 Recession • 2009 Recession • Failure of Trudeanomics • Key Policy Reviews
Fiscal Management – 2020/2021 Source – Government of Canada - https://www.canada.ca/en/department-finance/services/publications/fiscal-monitor/2020/08.html
Fiscal Update Source - https://economics.bmo.com/en/publications/detail/4eaa72b1-7c11-45d3-927a-cc2227536362/ • Liberals cuts tax rates but made up for those tax cuts • Liberals are leading to a structure deficit which means higher taxes, like GST. Each point of GST is worth about $5B. • New Taxes or Hikes • Elimination of boutique tax credits • Hikes to CPP • Estimated costs $150 to $300 more per year - https://www.newswire.ca/news- releases/january-1-cpp-hikes-to-hit- employers-payroll-budgets-cut-take-home- wages-for-workers-805159419.html • Carbon Tax is adding $1,400 to 2,000K additional costs to households - https://www2.slideshare.net/paulyoungcga/the- real-truth-about-emissions-and-carbon-taxation • Fuel Standard change / new carbon tax • Estimated Costs $500 to $1,000 per household - https://www.newswire.ca/news- releases/clean-fuels-standard-will-increase- household-costs-for-canadians-capp- 819531042.html
New estimated Projection Deficit https://www.canadianmanufacturing.com/financing/freeland- says-aid-needed-but-not-infinite-as-central-bank-targets-2022- for-recovery-263007/ Freeland says aid needed, but not infinite, as central bank targets 2022 for recover In other words, “More money for friends of the LPC. More miss management of spending for LPC pet projects.” https://www.slideshare.net/paulyoungcga/fiscal-management- canada-analysis-and-commentary-october-18-2020 Canada has the highest deficit % of GDP of any G20 countries - https://www.huffingtonpost.ca/entry/budget-deficit- canada_ca_5f89a94fc5b62dbe71c23326
Throne Speech / September 2020 • Here is my critique of the throne speech - https://www.slideshare.net/paulyoungcga/what-is-next-for-canada- throne-speech-september-23-2020 • Fitch - https://www.fitchratings.com/research/sovereigns/canadas-spending- pledges-to-push-federal-deficit-higher-still-25-09-2020 or https://www.westernstandardonline.com/2020/09/bond-agency-issues- warning-to-trudeau-about-throne-speech-spending-plans/ • CFIB - https://www.cfib-fcei.ca/en/media/news-releases/cfib-comment- federal-speech-throne • Chamber of Commerce - https://www.kelownachamber.org/news/post/533/Canadian_Chamber_Thron e_Speech_a_start_but_much_more_is_needed_to_get_Canadians_back_to_ work/ • Retail Council - https://www.retailcouncil.org/province/national/rcc- statement-on-the-governments-speech-from-the-throne/ • Natural Resources - https://www.energeticcity.ca/2020/09/not-much-there- for-resource-sector-in-throne-speech-says-zimmer/
20/21 – FY – Federal Govt Source – BMO - https://economics.bmo.com/en/publications/detail/2a38b360-554f-462c-bf26-62300c6ce3c7/
20/21 – FY – Federal Govt Source – BMO - https://economics.bmo.com/en/publications/detail/2a38b360-554f-462c-bf26-62300c6ce3c7/
Waste / Stimulus Source – Fraser Institute - https://www.fraserinstitute.org/studies/federal-government-wasting-billions-on- poorly-targeted-assistance
Pandemic Stimulus – Canada Source - https://covid19.pbo-dpb.ca/#/en/costing-economic-response-plan--etablissement-des-couts-plan-intervention-economique or https://www.bnnbloomberg.ca/even-with-slow-burn-pandemic-deficit-on-track-to-hit-330b- pbo-1.1500931 or https://www.theglobeandmail.com/politics/article-fiscal-update-morneau-projects-3432-billion-deficit-federal-debt/ or https://www.canada.ca/en/department-finance/services/publications/economic-fiscal- snapshot/summary.html or https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.fiscal-policy.fiscal-pulse.federal.federal-budget-analysis.federal-fiscal-update--july-8--2020-.html or https://economics.bmo.com/en/publications/detail/bfc3da39-09a0-4c85-a1ce-94605da45117/ • Canada was already in a deficit position pre-covid19 - https://www.slideshare.net/paulyoungcga/2019-election-fiscal-management-plan-conservative- party-of-canada-ndp-green-party-of-canada-liberal-party-of-canada-ppc • Many aspects of the stimulus package have either been wasted or poorly targeted - https://www.fraserinstitute.org/article/poor-cerb-targeting-wastes-billions or https://www.theglobeandmail.com/business/article-about-41-of-small-businesses-surveyed- say-landlords-have-applied-for/
Deficit as % of GDP Source - https://www.huffingtonpost.ca/entry/budget-deficit-canada_ca_5f89a94fc5b62dbe71c23326?ncid=other_twitter_cooo9wqtham&utm_campaign=share_twitter
Downgrading of Debt Source - https://economics.bmo.com/ en/publications/detail/5f3625 7b-4df7-443b-b5d2- c348e290327c/ Fitch Rating itch Ratings - New York - 24 Jun 2020: Fitch Ratings has downgraded Canada's Long-Term Foreign Currency Issuer Default Rating (IDR) to 'AA+' from 'AAA'. The Rating Outlook is Stable. KEY RATING DRIVERS The rating downgrade reflects the deterioration of Canada's public finances in 2020 resulting from the coronavirus pandemic. Canada will run a much expanded general government deficit in 2020 and emerge from recession with much higher public debt ratios. The higher deficit is largely driven by public spending to counteract a sharp fall in output as parts of the economy were shuttered to contain the spread of the coronavirus. Although this will support recovery, the economy's investment and growth prospects face challenges. The Stable Outlook reflects Fitch's expectation that Canada's consolidated gross general government debt/GDP will stabilize over the medium term, in line with the pre-coronavirus policies, and that the economy will gradually recover, supported by significant counter-cyclical monetary and fiscal policies. Canada's structural strengths also underpin the ratings. These include its advanced, well-diversified and high-income economy, and Canada's political stability, strong governance and macro policy framework, which has delivered steady growth and low inflation. Canada has a large positive net international investment position, driven by its foreign pension assets. However, reliance on foreign portfolio flows to finance sustained current account deficits is a weakness, which has contributed to a persistent and growing level of net external debt. Source: https://www.fitchratings.com/research/sovereigns/fitch-downgrades-canada-ratings-to-aa-outlook-stable-24-06-2020 Summary  Lower bond rating means higher interest rates as bond raters will demand a premium for Cdn bonds  Trudeau was warned about the govt debt, but Morneau kept saying all was well - https://www.slideshare.net/paulyoungcga/debt-and-insolvency-global-crisis  Trudeau has failed the goods producing sector with his carbon tax, small business tax reforms, excessive regulations, weak infrastructure spending, etc. - https://www.slideshare.net/paulyoungcga/what-is-going-on-with-canadas-competitiveness  Natural Resources were struggling since late last years as Trudeau stood back when there was blockades and other issues. https://www.slideshare.net/paulyoungcga/canada-natural-resources-sector-whats-next
Fitch / Canada Source - https://www.fitchratings.com/research/sovereigns/canadas-growing-deficit-raises-fiscal-consolidation-risks-27-08-2020
Size of Government Source - https://www.blacklocks.ca/average-staffer-costs-115k/ https://www.bnnbloomberg.ca/pbo-more-spending-not-more-workers-driving-costs-for-federal- employees-1.1492043
GDP / Growth Source – BMO, Finance Canada, Scotiabank, CIBC, RBC and TD Economics - Mining Nov/20 GDP had the highest growth compared to Oct/20. - Retail Sales GDP Nov/20 were anemic despite Black Friday happening in November 2020. - More and more people are holding on to their money. Source - https://www.slideshare.net/paulyoungcga/gdp-and-fiscal-management-canada-november-2020
FY 20/21 – Fiscal Management Cycle – Provinces Source - BMO
GDP Growth / Provinces Source – RBC Economics
Job Quality I have been calling out job quality for years - https://www2.slideshare.net/paulyoungcga/job-quality-canada-2015-analyis-and- commentary @JustinTrudeau quotes % of jobs recovered but never mentioned the structural issues with unemployment. It must be nice to live in a fantasy land like Trudeau and @SeanFraserMP do in terms of policies. https://www.slideshare.net/paulyoungcga/wages-and-employment-canada-january-2021
GDP / November 2020 Here is my latest work on GDP - https://www.slideshare.net/paulyoungcga/scorecard-and-gdp- canada-december-2020-and-november-2020/paulyoungcga/scorecard-and-gdp-canada- december-2020-and-november-2020
Affordability Food Prices going up - https://www.foodnetwork.ca/fun-with-food/photos/save-money-grocery-bill/#!make-a-list Consumers looking at wood stoves - https://www.cbc.ca/archives/wood-stoves-2001-1.5878076 Carbon tax / AG - https://www.producer.com/news/carbon-tax-cost-could-soar-to-12-52-per-acre/ Electrical heat - https://www.ecohome.net/guides/3519/heating-with-electricity-best-choice-for-net-zero-energy-eco-homes/ I just look at cost of living and it is not very pretty for @MarkGerretsen @BobBratina @cathmckenna who keeping pushing their carbon taxes. https://www2.slideshare.net/paulyoungcga/cost-of-living-canada-december-2020
GDP and restructuring • Many of the economies continue to be impacted by COVID19 – https://www.slideshare.net/paulyoungcga/scorecard-liberal-party-of- canada-fiscal-and-economic • Post-COVID 19 economy should include a focus on supply management - https://www.slideshare.net/paulyoungcga/scorecard- liberal-party-of-canada-fiscal-and-economic • Countries around the world are going need to push for trade reforms including reforming of key groups like WHO and WTO – https://www.slideshare.net/paulyoungcga/global-economy-whats- next • All levels of governments around the world will require a restructuring - https://www.slideshare.net/paulyoungcga/public- sector-how-to-reform-all-levels-of-government
Importance of Audits • More oversight i.e. Infrastructure funding - https://nationalpost.com/news/opposition-pushes-for-audit-of- trudeaus-187b-infrastructure-plans-underscoring-weakened- liberal-position-in-house or medical supplies - https://thepostmillennial.com/trudeau-governments-medical- equipment-blunder-cost-taxpayers-1-8-billion • In times of fiscal crisis there is need for more oversight and audits - https://ipolitics.ca/2020/05/12/auditor-general-says-lack-of- funding-covid-19-demands-have-put-all-but-three-audits-on- pause/ Source - https://www.slideshare.net/paulyoungcga/the-importance- of-value-for-money-and-perfomance-based-audits
Departmental Issues 1. Liberals have created a new entity called the Ocean Super cluster. This entity seems to be a duplicate of what work is already being done through the fisheries agencies - https://www.slideshare.net/paulyoungcga/aquaculture-fish- farming-and-harvesting-analysis (see slide 17) 2. I have reviewed the coast guard and there are issues with the Coast Guard - https://www.slideshare.net/paulyoungcga/government-policy-public-safety-canada-coast-guard 3. Trudeau has not been clear about 5G, especially in terms of contracts - https://www.slideshare.net/paulyoungcga/global-security-threats-from-5g-leads-to-new-selection-of-5g-vendors 4. CRA needs to revisit its mandate in terms of auditing charities as well as shutting down tax havens - https://www.slideshare.net/paulyoungcga/closing-down-of-tax-havens 5. I have seen little discussion on the cannabis policy including mental health as well as enforcement costs - https://www.slideshare.net/paulyoungcga/government-policy-legalization-of-cannabis-canada 6. More work needs to be done to reform the delivery of healthcare - https://www.slideshare.net/paulyoungcga/whats-next-for-global-healthcare-post-covid19 7. Liberals policies for the AG sector need to have a full review - https://www.slideshare.net/paulyoungcga/whats- next-for-farming-in-canada-analysis-of-economic-and-government-policies 8. eCommerce continues to expand as such so should the policies of the government - https://www.slideshare.net/paulyoungcga/ecommerce-whats-next 9. The government needs a performance audit of its youth employment policies - https://www.slideshare.net/paulyoungcga/canada-youth-development 10. There needs to be performance audit of CERB as part of moving people off of CERB - https://www.slideshare.net/paulyoungcga/policy-analysis-guarantee-income
Departmental Issues 1. Commercial Rent - https://nationalpost.com/news/politics/trudeau-government-paying-84m-to-firm-employing-katie-telfords-husband-to- manage-rent-assistance-aid-program?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter#Echobox=1596846898 Trudeau government paying $84M to firm employing Katie Telford's husband to manage rent assistance aid program. This another example of awarding friends without having the AG do performance audits.- https://www.theglobeandmail.com/politics/article-spouse-of-pms-chief-of-staff-had-meeting-on-liberals-rent- relief/ 2. EV sales have been sluggish despite the government support - https://www.slideshare.net/paulyoungcga/analysis-electrical-vehicle-market 3. Masks companies with no facilities - https://torontosun.com/news/national/questions-arise-about-quebec-companys-federal-contract-for-masks - Other companies were already producing masks - https://betakit.com/ppe-manufacturer-the-canadian-shield-launches-new-surgical-mask-line/ or https://www.dupont.ca/en/personal-protective-equipment.html 4. Foreign Aid – There are still issues with reporting including performance audits - The distribution of Foreign Aid is very important to countries as part of helping developing countries improve water, education, farming practices, infrastructure, and other areas of their economy. https://www.slideshare.net/paulyoungcga/foreign-aid-bringing-more-accountability-transparency-and-oversight 5. Telefilm Canada releases its audit report - https://www.oag- bvg.gc.ca/internet/English/mr_20200727_e_43597.html “We found that the corporation had some good corporate management practices in place. However, we found areas for improvement in practices related to board oversight; board independence; performance measurement, monitoring, and reporting; and risk mitigation, monitoring, and reporting 6. Payroll management system - https://www.publicsafety.gc.ca/cnt/rsrcs/pblctns/2020-foag-pm/index- en.aspx 7. Lack of oversight / Beirut mission - https://www.international.gc.ca/gac-amc/publications/audits- verification/2019/beirut-beyrouth.aspx?lang=eng 8. Audit of all COVID19 programs - https://www.todayville.com/191820-2/
PBO / Deficit • CERB / extension cost “Eight more weeks of CERB to cost $17.9 billion, budget officer says” https://www.cbc.ca/news/politics/cerb-extension-pbo- 1.5623507 • Federal deficit will be much larger “The parliamentary budget officer says in a new report that this year's federal deficit could hit $256 billion due to the COVID-19 pandemic. The result, posted this morning, is the combination of an estimated total of $169 billion in federal spending on emergency aid and a historic drop in economic output. The budget office estimates the economy could shrink by 6.8 per cent in 2020, the weakest showing since 1981 and double the record of 3.2 per cent shrinkage in 1982. The overall deficit figure is only $3.8 billion higher than budget officer Yves Giroux's previous predictions, which his report says is due to a better economic outlook in the second half of the year that offsets some new spending. ” https://www.cbc.ca/news/politics/federal-deficit-pbo-1.5617221 • Government will require restructuring as part of post-covid19 - https://www.slideshare.net/paulyoungcga/transforming-the-public-sector- canada
PBO • Issues with losses at Crown Corporations - https://www.ctvnews.ca/politics/pbo-flags-high-borrowing- unusual-losses-at-crown-corporations-in-report-1.5027186 • Paid leave / government - https://www.cbc.ca/news/canada/ottawa/pbo-report-699- leave-during-covid-1.5661696 (Cost of leave has led to $632M Productivity losses)
Paul Martin years • It never seems to amaze me how little people research history. It is like they take scripts from Liberals sites as the only source of the truth. The problem is Liberals like any other party will not tell you the complete truth, • https://www.slideshare.net/paulyoungcga/2019-election-fiscal-management- canada-june-2019 (see slide 26) • Slashed transfers – Trudeau had no issues with slashing transfers under Paul Martin - https://www.macleans.ca/news/canada/justin-trudeau-weighs-in-on- paul-martins-decision-to-slash-provincial-transfers/. Harper did fiscal discipline and Trudeau calls that out - https://www.liberal.ca/growing-our-economy-ralph- goodale/. No were does Trudeau and his team mention how Harper left $1B surplus YTD Nov/15 - https://www.slideshare.net/paulyoungcga/the-stephen- harper-years-pm-of-canada • Restructure EI including taking surpluses into operations - https://www.cbc.ca/news/canada/government-broke-law-on-ei-financing-in-3- years-top-court-1.750084
1980-1982 Recession – Pierre Trudeau • 1980-1982 Recession • High interest rates • Movement away from the branch manufacturing approach to manufacturing • High government debt and deficits • https://www.cbc.ca/archives/entry/unemployment-reaches-all-time-high-in- 1982 Similarities • 2020 will see labor force change due to automation - https://www.slideshare.net/paulyoungcga/whats-next-for- automation-private-and-public-sector • Youth unemployment will be an issue due to many lacking the skills required for today and tomorrow’s workplace - https://www.slideshare.net/paulyoungcga/automation-and-human-capital-management-human-resources • Issue is not with interest rates, but the size of the debt - https://www.slideshare.net/paulyoungcga/covid19-global- debt-crisis-july-2020 • Inflation is creeping up in Canada but is nowhere near the 14% - https://www.slideshare.net/paulyoungcga/affordability-analysis-and-commentary-canada-june-2020 . There are issues with food prices as well as wage growth - https://www.slideshare.net/paulyoungcga/analysis-wages-and- employment-canada-may-2020
2009 Recession The Great Recession that began in 2008 led to some of the highest recorded rates of unemployment and home foreclosures in the U.S. since the Great Depression. Catalyzed by the crisis in subprime mortgage-backed securities, the crisis spread to mutual funds, pensions, and the corporations that owned these securities, with widespread national and global impacts. Ten years after the onset of the crisis, the impacts on workers and economic inequality persist. In a series of policy briefs, IRLE will highlight work by Berkeley faculty on the causes and long-term effects of the Recession. In this brief, we review research from IRLE faculty affiliate and UC Berkeley sociologist Neil Fligstein on the root causes of the Great Recession. Source - https://irle.berkeley.edu/what-really-caused-the-great-recession/ Government action: • Government did a stimulus as part of supporting the economy • Loans to business • Infrastructure spending • Liberals backed by NDP and Bloc demanded the stimulus - https://www.cbc.ca/news/canada/liberals-ndp-bloc-sign-deal-on-proposed-coalition- 1.700119 • Harper years - https://www.slideshare.net/paulyoungcga/the-stephen-harper-years-pm- of-canada
Failure of Trudeaunomics • The sad thing is the economy has been sliding for a few years due to Trudeaunomics being a failure! • https://www.slideshare.net/paulyoungcga/failure-of-trudeaunomics • Carbon tax and other changes have made things less affordable - https://www.slideshare.net/paulyoungcga/justin-trudeau- and-liberals-have-liberal-policies-made-things-more-affordable-for-canadians • GDP growth pre-COVID was running at 2.0% which is about the same rate as the past 20 years - https://www.slideshare.net/paulyoungcga/canada-slow-growth-liberal-party-of-canada-december-7-2016 • Trudeau introduce policies that did little to get goods to market or support small business - https://www.slideshare.net/paulyoungcga/canada-whats-next-for-small-business or https://www.slideshare.net/paulyoungcga/canada-natural-resources-sector-whats-next • There has been a job quality issues as Trudeau’s policies did little to support goods producing sector - https://www.slideshare.net/paulyoungcga/job-quality-canada-235057299 • Trudeau continues to push guarantee income despite guarantee income being a failure around the world - https://www.slideshare.net/paulyoungcga/is-guarantee-income-the-right-approach-for-canada-and-other-countries
Departmental Issues 1. Liberals have created a new entity called the Ocean Super cluster. This entity seems to be a duplicate of what work is already being done through the fisheries agencies - https://www.slideshare.net/paulyoungcga/aquaculture-fish- farming-and-harvesting-analysis (see slide 17) 2. I have reviewed the coast guard and there are issues with the Coast Guard - https://www.slideshare.net/paulyoungcga/government-policy-public-safety-canada-coast-guard 3. Trudeau has not been clear about 5G, especially in terms of contracts - https://www.slideshare.net/paulyoungcga/global-security-threats-from-5g-leads-to-new-selection-of-5g-vendors 4. CRA needs to revisit its mandate in terms of auditing charities as well as shutting down tax havens - https://www.slideshare.net/paulyoungcga/closing-down-of-tax-havens 5. I have seen little discussion on the cannabis policy including mental health as well as enforcement costs - https://www.slideshare.net/paulyoungcga/government-policy-legalization-of-cannabis-canada 6. More work needs to be done to reform the delivery of healthcare - https://www.slideshare.net/paulyoungcga/whats-next-for-global-healthcare-post-covid19 7. Liberals policies for the AG sector need to have a full review - https://www.slideshare.net/paulyoungcga/whats- next-for-farming-in-canada-analysis-of-economic-and-government-policies 8. eCommerce continues to expand as such so should the policies of the government - https://www.slideshare.net/paulyoungcga/ecommerce-whats-next 9. The government needs a performance audit of its youth employment policies - https://www.slideshare.net/paulyoungcga/canada-youth-development 10. There needs to be performance audit of CERB as part of moving people off of CERB - https://www.slideshare.net/paulyoungcga/policy-analysis-guarantee-income
Departmental Issues 1. Commercial Rent - https://nationalpost.com/news/politics/trudeau-government-paying-84m-to-firm-employing-katie-telfords- husband-to-manage-rent-assistance-aid- program?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter#Echobox=1596846898 Trudeau government paying $84M to firm employing Katie Telford's husband to manage rent assistance aid program. This another example of awarding friends without having the AG do performance audits. - https://www.slideshare.net/paulyoungcga/policy-review-commercial-rent-subsidy-federal- program-canada 2. EV sales have been sluggish despite the government support - https://www.slideshare.net/paulyoungcga/analysis-electrical-vehicle- market 3. Foreign Aid – There are still issues with reporting including performance audits - The distribution of Foreign Aid is very important to countries as part of helping developing countries improve water, education, farming practices, infrastructure, and other areas of their economy. https://www.slideshare.net/paulyoungcga/foreign-aid-bringing-more-accountability-transparency-and-oversight 4. Telefilm Canada releases its audit report - https://www.oag- bvg.gc.ca/internet/English/mr_20200727_e_43597.html “We found that the corporation had some good corporate management practices in place. However, we found areas for improvement in practices related to board oversight; board independence; performance measurement, monitoring, and reporting; and risk mitigation, monitoring, and reporting 5. Payroll management system - https://www.publicsafety.gc.ca/cnt/rsrcs/pblctns/2020-foag- pm/index-en.aspx 6. Lack of oversight / Beirut mission - https://www.international.gc.ca/gac- amc/publications/audits-verification/2019/beirut-beyrouth.aspx?lang=eng 7. Audit of all COVID19 programs - https://www.todayville.com/191820-2/
Departmental Issues • Global Affairs went with higher contract with China firm vs lower bid from Canadian Firm (scanning equipment) - https://nationalpost.com/opinion/john-ivison-ottawas-fig-leaf-excuse-for-inviting-chinese-x-rays-into-canadas- embassies-just-blew-away • Government continues to create new entities to managed moneys when existing programs like Western Development fund could handle the moneys - https://www.slideshare.net/paulyoungcga/market-food-protein-market-analysis-and-commentary • Government has failed on the marijuana pardon system - https://www.leafly.com/news/canada/canadas-marijuana-sentence-expungement-suspension-program- is-failing-heres-why - “COVID19 did not help the process, but there was backlog before COVID19” • PBO / Tree Planting “The spending watchdog’s analysis suggests getting there is also going to require more money, about $2.78 billion more, bringing the overall cost closer to $5.94 billion.” - https://globalnews.ca/news/7606356/tree-planting-plan-cost/ • Drinking Water - https://www.oag-bvg.gc.ca/internet/English/mr_20210225_e_43760.html • Shipbuilding - https://www.oag-bvg.gc.ca/internet/English/mr_20210225_e_43759.html • Issues with efficiency of payments to child welfare - https://www.oag- bvg.gc.ca/internet/English/mr_20210225_e_43761.html • Ineffective IT procurement process - https://www.oag- bvg.gc.ca/internet/English/mr_20210225_e_43758.html
Key Policy Review • Indigenous Affairs - https://www.slideshare.net/paulyoungcga/policies-and-affairs-indigenous-first-nations-analysis- and-commentary • Defense Spending - https://www.slideshare.net/paulyoungcga/policy-analysis-defense-spending-canada • EI - https://www.slideshare.net/paulyoungcga/policy-analysis-employment-insurance-and-cerb-canada • Cannabis - https://www.slideshare.net/paulyoungcga/cannabis-legalization-canada-policy-analysis • Innovation - https://www.slideshare.net/paulyoungcga/how-best-to-support-business-startups • Income inequality - https://www.slideshare.net/paulyoungcga/pandemic-and-covid19-canada-and-the-world • Post-Secondary Education - https://www.slideshare.net/paulyoungcga/postsecondary-education-outcomes-canada • Youth Employment - https://www.slideshare.net/paulyoungcga/canada-and-youth-employment-analysis-and- commentary • Social Welfare and Housing - https://www.slideshare.net/paulyoungcga/canadas-reforming-of-social-welfare- programs • Foreign Policies and Affairs - https://www.slideshare.net/paulyoungcga/foreign-policies-and-affairs-middle-east- 238725972 or https://www.slideshare.net/paulyoungcga/policy-review-october-2020-immigration-and-refugees- canada • Pharmacare/drug production - https://www2.slideshare.net/paulyoungcga/canada-biotech-and-pharmaceutical- manufacturing • Rail Transportation and Safety - https://www2.slideshare.net/paulyoungcga/canada-rail-transportation-shipments- and-safety-239477073 • Water Management - https://www2.slideshare.net/paulyoungcga/water-management-and-systems-canada-and-the- world • Foreign Aid - https://www2.slideshare.net/paulyoungcga/foreign-aid-how-to-improve-outcomes • Gender equality - https://www2.slideshare.net/paulyoungcga/women-and-the-great-2020-global-recession • Emissions and Climate Change - https://www2.slideshare.net/paulyoungcga/global-emissions-and-climate-change- canada-and-the-world
Summary • Canada will have a long road a head when it comes to fixing its economy and fiscal management cycle by all levels of government - https://www.slideshare.net/paulyoungcga/canada-gdp-and-economy-truth- and-what-needs-to-change • Canada will need a plan that deals with job quality, fdi, goods producing sector, affordable housing, tax fairness and value for money social programs - https://www.slideshare.net/paulyoungcga/transforming-the-economy- postcovid19-canada-and-the-world • Getting goods to market - https://www.slideshare.net/paulyoungcga/how-to- address-issues-facing-getting-goods-to-market • Reforming Government - https://www.slideshare.net/paulyoungcga/how-to- reform-the-public-sector-in-canada-and-around-the-world • Circular Economy – https://www.slideshare.net/paulyoungcga/how-to-best- support-a-circular-economy • Global Economy - https://www.slideshare.net/paulyoungcga/what-is-next-for- the-global-economy-october-2020 • Ethics, accountable, transparent, and honest government - https://www.slideshare.net/paulyoungcga/governance-model-for-canada-are- liberals-more-transparent-and-open • Transit - https://www2.slideshare.net/paulyoungcga/transit-and-canada- analysis-and-commentary • September 2020 and October 2020 – Scorecard - https://www2.slideshare.net/paulyoungcga/scorecard-october-2020-and- september-2020-canada
Other Sources • If you like to learn more about trade and/or other subjects as part of your professional learning and development then feel free to review my material on https://www.udemy. com/ (search Paul Young CPA CGA

More Related Content

PPTX
Fiscal Management Cycle| Canada| Analysis and Commentary
bypaul young cpa, cga
 
PPTX
Ontario economy – June 2017
bypaul young cpa, cga
 
PPTX
Fiscal Management Cycle| Canada| Analysis and Commentary| March 2021
bypaul young cpa, cga
 
PPTX
Fiscal Management| Canada| Analysis and Commentary
bypaul young cpa, cga
 
PPTX
Canada fiscal management - deficit and debt - february 2021
bypaul young cpa, cga
 
PPTX
Fiscal Management - Debt and Deficits - Canada
bypaul young cpa, cga
 
PPTX
Canada| Fiscal Snapshot| July 2020
bypaul young cpa, cga
 
PPTX
How taxation flows for all level of Government
bypaul young cpa, cga
 
Fiscal Management Cycle| Canada| Analysis and Commentary
bypaul young cpa, cga
 
Ontario economy – June 2017
bypaul young cpa, cga
 
Fiscal Management Cycle| Canada| Analysis and Commentary| March 2021
bypaul young cpa, cga
 
Fiscal Management| Canada| Analysis and Commentary
bypaul young cpa, cga
 
Canada fiscal management - deficit and debt - february 2021
bypaul young cpa, cga
 
Fiscal Management - Debt and Deficits - Canada
bypaul young cpa, cga
 
Canada| Fiscal Snapshot| July 2020
bypaul young cpa, cga
 
How taxation flows for all level of Government
bypaul young cpa, cga
 

What's hot

PPTX
Canada| Fiscal Management| Debt and Deficit
bypaul young cpa, cga
 
PPTX
Issues facing Seniors in Canada
bypaul young cpa, cga
 
PPTX
Taxation policies - Canada
bypaul young cpa, cga
 
PPTX
Fiscal Management| Canada| Analysis and Commentary| October 18, 2020
bypaul young cpa, cga
 
PPTX
Fiscal Management| Canada| October 2020
bypaul young cpa, cga
 
PPTX
Fiscal Management| Canada| Defict and Debt
bypaul young cpa, cga
 
PPTX
2019 Election| Seniors and Retirement | Canada | July 2019
bypaul young cpa, cga
 
PPTX
Did Liberals make lives better for Canadians
bypaul young cpa, cga
 
PPTX
2019 Election| Scorecard | Liberal Party of Canada | Prime Minister - Justin ...
bypaul young cpa, cga
 
PPTX
2019 Election| Who do you just more when it comes to Retirement Planning?
bypaul young cpa, cga
 
PPTX
2019 Election| Retirement | Canada | May 2019
bypaul young cpa, cga
 
PPTX
Debt| Consumer, Government and Corporate| Debt Crisis
bypaul young cpa, cga
 
PPTX
Issues facing Ontario - 2018 Election
bypaul young cpa, cga
 
PPTX
Canada - CPC and Liberals - surplus debate
bypaul young cpa, cga
 
PPTX
Canada Pension Plan - Independent or not?
bypaul young cpa, cga
 
PPTX
Survival or Collapse| Small Business
bypaul young cpa, cga
 
PPTX
Canada fail Experiment with Trudeaunomics
bypaul young cpa, cga
 
PPTX
2019 Election| Retirement| Seniors and CPP| Canada | July 2019
bypaul young cpa, cga
 
PPT
Federal Policy Analysis - Green Technology - Canadaa
bypaul young cpa, cga
 
PPTX
Trudeau foundation - Analysis and Commentary - November 26, 2016
bypaul young cpa, cga
 
Canada| Fiscal Management| Debt and Deficit
bypaul young cpa, cga
 
Issues facing Seniors in Canada
bypaul young cpa, cga
 
Taxation policies - Canada
bypaul young cpa, cga
 
Fiscal Management| Canada| Analysis and Commentary| October 18, 2020
bypaul young cpa, cga
 
Fiscal Management| Canada| October 2020
bypaul young cpa, cga
 
Fiscal Management| Canada| Defict and Debt
bypaul young cpa, cga
 
2019 Election| Seniors and Retirement | Canada | July 2019
bypaul young cpa, cga
 
Did Liberals make lives better for Canadians
bypaul young cpa, cga
 
2019 Election| Scorecard | Liberal Party of Canada | Prime Minister - Justin ...
bypaul young cpa, cga
 
2019 Election| Who do you just more when it comes to Retirement Planning?
bypaul young cpa, cga
 
2019 Election| Retirement | Canada | May 2019
bypaul young cpa, cga
 
Debt| Consumer, Government and Corporate| Debt Crisis
bypaul young cpa, cga
 
Issues facing Ontario - 2018 Election
bypaul young cpa, cga
 
Canada - CPC and Liberals - surplus debate
bypaul young cpa, cga
 
Canada Pension Plan - Independent or not?
bypaul young cpa, cga
 
Survival or Collapse| Small Business
bypaul young cpa, cga
 
Canada fail Experiment with Trudeaunomics
bypaul young cpa, cga
 
2019 Election| Retirement| Seniors and CPP| Canada | July 2019
bypaul young cpa, cga
 
Federal Policy Analysis - Green Technology - Canadaa
bypaul young cpa, cga
 
Trudeau foundation - Analysis and Commentary - November 26, 2016
bypaul young cpa, cga
 

Similar to Fiscal Management| Cycle| Analysis and Commentary| Canada

PPTX
Fiscal Management Cycle| Canada| Fiscal Update, Ecomomic, and Fiscal Management|
bypaul young cpa, cga
 
PPTX
Fiscal Management| Public Sector| Canada
bypaul young cpa, cga
 
PPTX
How can Bank of Canada achieve its 2% Inflation target for Canada
bypaul young cpa, cga
 
PPTX
Fiscal Management| Public Sector| Canada
bypaul young cpa, cga
 
PPTX
Canada - Fiscal Management - Deficit and Debt - January 2022.pptx
bypaul young cpa, cga
 
PPTX
Fiscal Update for Canada - November 2021
bypaul young cpa, cga
 
PPTX
Fiscal Management| Public Sector| Canada
bypaul young cpa, cga
 
PPTX
Canada - Fiscal Management - Deficit and Debt - May 2022.pptx
bypaul young cpa, cga
 
PPTX
Canada - Fiscal Management - Deficit and Debt - March 2022.pptx
bypaul young cpa, cga
 
PPTX
Fiscal Management Cycle - Canada - July 2022.pptx
bypaul young cpa, cga
 
PPTX
Fiscal Management| Public Sector| Canada
bypaul young cpa, cga
 
PPTX
Canada - Fiscal Management - Deficit and Debt - May 2022.pptx
bypaul young cpa, cga
 
PPTX
Fiscal and Economic Management| Canada| August 2020| Analysis and Commentary
bypaul young cpa, cga
 
PPTX
Fiscal Management and Performance Audit| Canada
bypaul young cpa, cga
 
PPTX
Bank of Canada| What is next for Canada's Monetary Policies
bypaul young cpa, cga
 
PPTX
Transforming the Economy| Post-Covid19| Canada and the World
bypaul young cpa, cga
 
PPTX
What's going on with the Fiscal Management Cycle - Canada - Trudeau and the L...
bypaul young cpa, cga
 
PPTX
Bank of Canada hikes interest rates to combat High Inflation and High cost of...
bypaul young cpa, cga
 
PPTX
GDP and Fiscal Management| Canada| September 2020
bypaul young cpa, cga
 
PPTX
Scorecard| Liberal Party of Canada| Fiscal and Economic|
bypaul young cpa, cga
 
Fiscal Management Cycle| Canada| Fiscal Update, Ecomomic, and Fiscal Management|
bypaul young cpa, cga
 
Fiscal Management| Public Sector| Canada
bypaul young cpa, cga
 
How can Bank of Canada achieve its 2% Inflation target for Canada
bypaul young cpa, cga
 
Fiscal Management| Public Sector| Canada
bypaul young cpa, cga
 
Canada - Fiscal Management - Deficit and Debt - January 2022.pptx
bypaul young cpa, cga
 
Fiscal Update for Canada - November 2021
bypaul young cpa, cga
 
Fiscal Management| Public Sector| Canada
bypaul young cpa, cga
 
Canada - Fiscal Management - Deficit and Debt - May 2022.pptx
bypaul young cpa, cga
 
Canada - Fiscal Management - Deficit and Debt - March 2022.pptx
bypaul young cpa, cga
 
Fiscal Management Cycle - Canada - July 2022.pptx
bypaul young cpa, cga
 
Fiscal Management| Public Sector| Canada
bypaul young cpa, cga
 
Canada - Fiscal Management - Deficit and Debt - May 2022.pptx
bypaul young cpa, cga
 
Fiscal and Economic Management| Canada| August 2020| Analysis and Commentary
bypaul young cpa, cga
 
Fiscal Management and Performance Audit| Canada
bypaul young cpa, cga
 
Bank of Canada| What is next for Canada's Monetary Policies
bypaul young cpa, cga
 
Transforming the Economy| Post-Covid19| Canada and the World
bypaul young cpa, cga
 
What's going on with the Fiscal Management Cycle - Canada - Trudeau and the L...
bypaul young cpa, cga
 
Bank of Canada hikes interest rates to combat High Inflation and High cost of...
bypaul young cpa, cga
 
GDP and Fiscal Management| Canada| September 2020
bypaul young cpa, cga
 
Scorecard| Liberal Party of Canada| Fiscal and Economic|
bypaul young cpa, cga
 

More from paul young cpa, cga

PPTX
Manufacturing Sector – Canada – September 2023.pptx
bypaul young cpa, cga
 
PPTX
Global Housing Market Analysis and Commentary- September 2023.pptx
bypaul young cpa, cga
 
PPTX
Stock Market Analysis and Commentary for WE September 9 2023.pptx
bypaul young cpa, cga
 
PPTX
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...
bypaul young cpa, cga
 
PPTX
Workforce Planning and Employment Analysis - August 2023.pptx
bypaul young cpa, cga
 
PPTX
Manufacturing Sector – United States – August 2023.pptx
bypaul young cpa, cga
 
PPTX
Addressing issues with the Public Sector Governance Model.pptx
bypaul young cpa, cga
 
PPTX
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...
bypaul young cpa, cga
 
PPTX
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...
bypaul young cpa, cga
 
PPTX
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
bypaul young cpa, cga
 
PPTX
What is next for the Forestry Sector and Lumber Production - September 2023.pptx
bypaul young cpa, cga
 
PPTX
Stock Market Analysis and Commentary for WE September 15 2023.pptx
bypaul young cpa, cga
 
PPTX
Electricity Analysis - Canada and the OECD - June 2023.pptx
bypaul young cpa, cga
 
PPTX
How to improve the Governance Model for the Public Sector - United States - S...
bypaul young cpa, cga
 
PPTX
Global Automotive - Analysis and Commentary - August 2023.pptx
bypaul young cpa, cga
 
PPTX
What is next for Agriculture Sector - August 2023.pptx
bypaul young cpa, cga
 
PPTX
Better Public Safety Management using Analytics - September 2023.pptx
bypaul young cpa, cga
 
PPTX
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...
bypaul young cpa, cga
 
PPTX
World Merchandise Trade – September 2023.pptx
bypaul young cpa, cga
 
PPTX
What is next for the Mining Sector.pptx
bypaul young cpa, cga
 
Manufacturing Sector – Canada – September 2023.pptx
bypaul young cpa, cga
 
Global Housing Market Analysis and Commentary- September 2023.pptx
bypaul young cpa, cga
 
Stock Market Analysis and Commentary for WE September 9 2023.pptx
bypaul young cpa, cga
 
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...
bypaul young cpa, cga
 
Workforce Planning and Employment Analysis - August 2023.pptx
bypaul young cpa, cga
 
Manufacturing Sector – United States – August 2023.pptx
bypaul young cpa, cga
 
Addressing issues with the Public Sector Governance Model.pptx
bypaul young cpa, cga
 
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...
bypaul young cpa, cga
 
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...
bypaul young cpa, cga
 
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
bypaul young cpa, cga
 
What is next for the Forestry Sector and Lumber Production - September 2023.pptx
bypaul young cpa, cga
 
Stock Market Analysis and Commentary for WE September 15 2023.pptx
bypaul young cpa, cga
 
Electricity Analysis - Canada and the OECD - June 2023.pptx
bypaul young cpa, cga
 
How to improve the Governance Model for the Public Sector - United States - S...
bypaul young cpa, cga
 
Global Automotive - Analysis and Commentary - August 2023.pptx
bypaul young cpa, cga
 
What is next for Agriculture Sector - August 2023.pptx
bypaul young cpa, cga
 
Better Public Safety Management using Analytics - September 2023.pptx
bypaul young cpa, cga
 
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...
bypaul young cpa, cga
 
World Merchandise Trade – September 2023.pptx
bypaul young cpa, cga
 
What is next for the Mining Sector.pptx
bypaul young cpa, cga
 

Recently uploaded

PDF
Easily Keep Track of Your Vanilla Gift Card Balance (vanillagiftcardcheck.com)
byCrypto Expert
 
PDF
Financial Inclusion of Selected SME Clusters: a Case study of Light Engineering
bybangladeshresearchsc
 
PDF
Index Monitoring & Analysis – TASI, MT30 & Sukuk Report .pdf
bySarah Alahmadi
 
PDF
Index Monitoring TASI MT30 Sukuk Data.pdf
bySarah Alahmadi
 
PDF
The AI Driven Future Through 2040 Based on the Book
byYoyodyne
 
PDF
How Financial Services Companies Get More Customers Using Referral Marketing
byReferral Factory
 
PPTX
TRIPS Agreement: Objectives, Features and the Global Waiver Debate
byAnveshaSingh14
 
PPTX
Taxation on Alternate Investment Funds in India.pptx
byvigneshkathurojigari
 
DOCX
Best 17 Sites to Buy Verified Coinbase Accounts With the New Year.docx
byUsaallhub is a Marketer Self-Employed
 
DOCX
Technical Audit Report: DIVEXA Infrastructure Analysis
byCertification Flow Laboratories
 
PDF
EXFUSION - NEO.FX - english – Forex – Copy Trading – TAG Markets – Affiliate
byExfusion
 
PPTX
ch02.pptxfddrtyggttrrrrrffffeerrrrrfffffrr
byhamidnuru06
 
PDF
Buying Verified PayPal accounts_ What “Fully Verified” Means Across Accounts.pdf
byBusiness & SEO Service From www.usaallhub.com
 
PDF
Marketing distribution and sales policy in the enterprise's economic security...
byIgor Britchenko
 
PPTX
Agriculture growth.pptx microfinance economics
byEESHA72
 
PDF
Authors' team Bezpartochnyi, M., Britchenko, I., Bezpartochna, O. et al. Inte...
byIgor Britchenko
 
DOCX
Buy Verified Venmo Accounts – Your Gateway to Seamless ....docx
bybeujness
 
DOCX
_//How to Buy Instagram ///Accounts.docx
bymarketing
 
PPTX
Spondylodiscitis Case Report AT KGMU.pptx
bymc22367
 
PPTX
micro-1.pptxnbbbbnsnnsnsnsnbdbbbdbdbdbsnsk
byahmedkadri618
 
Easily Keep Track of Your Vanilla Gift Card Balance (vanillagiftcardcheck.com)
byCrypto Expert
 
Financial Inclusion of Selected SME Clusters: a Case study of Light Engineering
bybangladeshresearchsc
 
Index Monitoring & Analysis – TASI, MT30 & Sukuk Report .pdf
bySarah Alahmadi
 
Index Monitoring TASI MT30 Sukuk Data.pdf
bySarah Alahmadi
 
The AI Driven Future Through 2040 Based on the Book
byYoyodyne
 
How Financial Services Companies Get More Customers Using Referral Marketing
byReferral Factory
 
TRIPS Agreement: Objectives, Features and the Global Waiver Debate
byAnveshaSingh14
 
Taxation on Alternate Investment Funds in India.pptx
byvigneshkathurojigari
 
Best 17 Sites to Buy Verified Coinbase Accounts With the New Year.docx
byUsaallhub is a Marketer Self-Employed
 
Technical Audit Report: DIVEXA Infrastructure Analysis
byCertification Flow Laboratories
 
EXFUSION - NEO.FX - english – Forex – Copy Trading – TAG Markets – Affiliate
byExfusion
 
ch02.pptxfddrtyggttrrrrrffffeerrrrrfffffrr
byhamidnuru06
 
Buying Verified PayPal accounts_ What “Fully Verified” Means Across Accounts.pdf
byBusiness & SEO Service From www.usaallhub.com
 
Marketing distribution and sales policy in the enterprise's economic security...
byIgor Britchenko
 
Agriculture growth.pptx microfinance economics
byEESHA72
 
Authors' team Bezpartochnyi, M., Britchenko, I., Bezpartochna, O. et al. Inte...
byIgor Britchenko
 
Buy Verified Venmo Accounts – Your Gateway to Seamless ....docx
bybeujness
 
_//How to Buy Instagram ///Accounts.docx
bymarketing
 
Spondylodiscitis Case Report AT KGMU.pptx
bymc22367
 
micro-1.pptxnbbbbnsnnsnsnsnbdbbbdbdbdbsnsk
byahmedkadri618
 

Fiscal Management| Cycle| Analysis and Commentary| Canada

  • 1.
    Fiscal Management Cycle –Canada Paul Young CPA CGA February 27, 2021
  • 2.
    Paul Young -Bio • CPA, CGA • Academia (PF1, FA4, FN2, MU1. and MS2) • SME – Risk Management • SME – Close, Consolidate and Reporting • SME – Public Policy • SME – Emerging Technology • SME – Business Process Change • SME – Financial Solutions • SME – Macro/Micro Indicators • SME – Supply Chain Management Contact information: Paul_Young_CGA@hotmail.com
  • 3.
    Introduction This presentation looksat key planks by the Liberals as well as fiscal management cycle for each party. Federal government has undertaken $252B+ in deficit spending as part of the COVID19 response.
  • 4.
    Agenda • Fiscal Update •FY 19/20 – Fiscal Management Cycle – Canada • FY 20/21 – Fiscal Management – Federal Government • FY 20/21 – Fiscal Management Cycle – Provinces • Pandemic Response • Credit Downgrade • Size of Government • GDP Growth / Provinces • Job Quality – USA vs Canada • Affordability • GDP / Canada • Key Metrics / GDP comments • Importance of Audit (Operational and Performance Audit) • PBO / Deficit • Paul Martin years • 1980-1982 Recession • 2009 Recession • Failure of Trudeanomics • Key Policy Reviews
  • 5.
    Fiscal Management –2020/2021 Source – Government of Canada - https://www.canada.ca/en/department-finance/services/publications/fiscal-monitor/2020/08.html
  • 6.
    Fiscal Update Source -https://economics.bmo.com/en/publications/detail/4eaa72b1-7c11-45d3-927a-cc2227536362/ • Liberals cuts tax rates but made up for those tax cuts • Liberals are leading to a structure deficit which means higher taxes, like GST. Each point of GST is worth about $5B. • New Taxes or Hikes • Elimination of boutique tax credits • Hikes to CPP • Estimated costs $150 to $300 more per year - https://www.newswire.ca/news- releases/january-1-cpp-hikes-to-hit- employers-payroll-budgets-cut-take-home- wages-for-workers-805159419.html • Carbon Tax is adding $1,400 to 2,000K additional costs to households - https://www2.slideshare.net/paulyoungcga/the- real-truth-about-emissions-and-carbon-taxation • Fuel Standard change / new carbon tax • Estimated Costs $500 to $1,000 per household - https://www.newswire.ca/news- releases/clean-fuels-standard-will-increase- household-costs-for-canadians-capp- 819531042.html
  • 7.
    New estimated ProjectionDeficit https://www.canadianmanufacturing.com/financing/freeland- says-aid-needed-but-not-infinite-as-central-bank-targets-2022- for-recovery-263007/ Freeland says aid needed, but not infinite, as central bank targets 2022 for recover In other words, “More money for friends of the LPC. More miss management of spending for LPC pet projects.” https://www.slideshare.net/paulyoungcga/fiscal-management- canada-analysis-and-commentary-october-18-2020 Canada has the highest deficit % of GDP of any G20 countries - https://www.huffingtonpost.ca/entry/budget-deficit- canada_ca_5f89a94fc5b62dbe71c23326
  • 8.
    Throne Speech /September 2020 • Here is my critique of the throne speech - https://www.slideshare.net/paulyoungcga/what-is-next-for-canada- throne-speech-september-23-2020 • Fitch - https://www.fitchratings.com/research/sovereigns/canadas-spending- pledges-to-push-federal-deficit-higher-still-25-09-2020 or https://www.westernstandardonline.com/2020/09/bond-agency-issues- warning-to-trudeau-about-throne-speech-spending-plans/ • CFIB - https://www.cfib-fcei.ca/en/media/news-releases/cfib-comment- federal-speech-throne • Chamber of Commerce - https://www.kelownachamber.org/news/post/533/Canadian_Chamber_Thron e_Speech_a_start_but_much_more_is_needed_to_get_Canadians_back_to_ work/ • Retail Council - https://www.retailcouncil.org/province/national/rcc- statement-on-the-governments-speech-from-the-throne/ • Natural Resources - https://www.energeticcity.ca/2020/09/not-much-there- for-resource-sector-in-throne-speech-says-zimmer/
  • 9.
    20/21 – FY– Federal Govt Source – BMO - https://economics.bmo.com/en/publications/detail/2a38b360-554f-462c-bf26-62300c6ce3c7/
  • 10.
    20/21 – FY– Federal Govt Source – BMO - https://economics.bmo.com/en/publications/detail/2a38b360-554f-462c-bf26-62300c6ce3c7/
  • 11.
    Waste / Stimulus Source– Fraser Institute - https://www.fraserinstitute.org/studies/federal-government-wasting-billions-on- poorly-targeted-assistance
  • 12.
    Pandemic Stimulus –Canada Source - https://covid19.pbo-dpb.ca/#/en/costing-economic-response-plan--etablissement-des-couts-plan-intervention-economique or https://www.bnnbloomberg.ca/even-with-slow-burn-pandemic-deficit-on-track-to-hit-330b- pbo-1.1500931 or https://www.theglobeandmail.com/politics/article-fiscal-update-morneau-projects-3432-billion-deficit-federal-debt/ or https://www.canada.ca/en/department-finance/services/publications/economic-fiscal- snapshot/summary.html or https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.fiscal-policy.fiscal-pulse.federal.federal-budget-analysis.federal-fiscal-update--july-8--2020-.html or https://economics.bmo.com/en/publications/detail/bfc3da39-09a0-4c85-a1ce-94605da45117/ • Canada was already in a deficit position pre-covid19 - https://www.slideshare.net/paulyoungcga/2019-election-fiscal-management-plan-conservative- party-of-canada-ndp-green-party-of-canada-liberal-party-of-canada-ppc • Many aspects of the stimulus package have either been wasted or poorly targeted - https://www.fraserinstitute.org/article/poor-cerb-targeting-wastes-billions or https://www.theglobeandmail.com/business/article-about-41-of-small-businesses-surveyed- say-landlords-have-applied-for/
  • 13.
    Deficit as %of GDP Source - https://www.huffingtonpost.ca/entry/budget-deficit-canada_ca_5f89a94fc5b62dbe71c23326?ncid=other_twitter_cooo9wqtham&utm_campaign=share_twitter
  • 14.
    Downgrading of Debt Source - https://economics.bmo.com/ en/publications/detail/5f3625 7b-4df7-443b-b5d2- c348e290327c/ FitchRating itch Ratings - New York - 24 Jun 2020: Fitch Ratings has downgraded Canada's Long-Term Foreign Currency Issuer Default Rating (IDR) to 'AA+' from 'AAA'. The Rating Outlook is Stable. KEY RATING DRIVERS The rating downgrade reflects the deterioration of Canada's public finances in 2020 resulting from the coronavirus pandemic. Canada will run a much expanded general government deficit in 2020 and emerge from recession with much higher public debt ratios. The higher deficit is largely driven by public spending to counteract a sharp fall in output as parts of the economy were shuttered to contain the spread of the coronavirus. Although this will support recovery, the economy's investment and growth prospects face challenges. The Stable Outlook reflects Fitch's expectation that Canada's consolidated gross general government debt/GDP will stabilize over the medium term, in line with the pre-coronavirus policies, and that the economy will gradually recover, supported by significant counter-cyclical monetary and fiscal policies. Canada's structural strengths also underpin the ratings. These include its advanced, well-diversified and high-income economy, and Canada's political stability, strong governance and macro policy framework, which has delivered steady growth and low inflation. Canada has a large positive net international investment position, driven by its foreign pension assets. However, reliance on foreign portfolio flows to finance sustained current account deficits is a weakness, which has contributed to a persistent and growing level of net external debt. Source: https://www.fitchratings.com/research/sovereigns/fitch-downgrades-canada-ratings-to-aa-outlook-stable-24-06-2020 Summary  Lower bond rating means higher interest rates as bond raters will demand a premium for Cdn bonds  Trudeau was warned about the govt debt, but Morneau kept saying all was well - https://www.slideshare.net/paulyoungcga/debt-and-insolvency-global-crisis  Trudeau has failed the goods producing sector with his carbon tax, small business tax reforms, excessive regulations, weak infrastructure spending, etc. - https://www.slideshare.net/paulyoungcga/what-is-going-on-with-canadas-competitiveness  Natural Resources were struggling since late last years as Trudeau stood back when there was blockades and other issues. https://www.slideshare.net/paulyoungcga/canada-natural-resources-sector-whats-next
  • 15.
    Fitch / Canada Source- https://www.fitchratings.com/research/sovereigns/canadas-growing-deficit-raises-fiscal-consolidation-risks-27-08-2020
  • 16.
    Size of Government Source- https://www.blacklocks.ca/average-staffer-costs-115k/ https://www.bnnbloomberg.ca/pbo-more-spending-not-more-workers-driving-costs-for-federal- employees-1.1492043
  • 17.
    GDP / Growth Source– BMO, Finance Canada, Scotiabank, CIBC, RBC and TD Economics - Mining Nov/20 GDP had the highest growth compared to Oct/20. - Retail Sales GDP Nov/20 were anemic despite Black Friday happening in November 2020. - More and more people are holding on to their money. Source - https://www.slideshare.net/paulyoungcga/gdp-and-fiscal-management-canada-november-2020
  • 18.
    FY 20/21 –Fiscal Management Cycle – Provinces Source - BMO
  • 19.
    GDP Growth /Provinces Source – RBC Economics
  • 20.
    Job Quality I havebeen calling out job quality for years - https://www2.slideshare.net/paulyoungcga/job-quality-canada-2015-analyis-and- commentary @JustinTrudeau quotes % of jobs recovered but never mentioned the structural issues with unemployment. It must be nice to live in a fantasy land like Trudeau and @SeanFraserMP do in terms of policies. https://www.slideshare.net/paulyoungcga/wages-and-employment-canada-january-2021
  • 21.
    GDP / November2020 Here is my latest work on GDP - https://www.slideshare.net/paulyoungcga/scorecard-and-gdp- canada-december-2020-and-november-2020/paulyoungcga/scorecard-and-gdp-canada- december-2020-and-november-2020
  • 22.
    Affordability Food Prices goingup - https://www.foodnetwork.ca/fun-with-food/photos/save-money-grocery-bill/#!make-a-list Consumers looking at wood stoves - https://www.cbc.ca/archives/wood-stoves-2001-1.5878076 Carbon tax / AG - https://www.producer.com/news/carbon-tax-cost-could-soar-to-12-52-per-acre/ Electrical heat - https://www.ecohome.net/guides/3519/heating-with-electricity-best-choice-for-net-zero-energy-eco-homes/ I just look at cost of living and it is not very pretty for @MarkGerretsen @BobBratina @cathmckenna who keeping pushing their carbon taxes. https://www2.slideshare.net/paulyoungcga/cost-of-living-canada-december-2020
  • 23.
    GDP and restructuring •Many of the economies continue to be impacted by COVID19 – https://www.slideshare.net/paulyoungcga/scorecard-liberal-party-of- canada-fiscal-and-economic • Post-COVID 19 economy should include a focus on supply management - https://www.slideshare.net/paulyoungcga/scorecard- liberal-party-of-canada-fiscal-and-economic • Countries around the world are going need to push for trade reforms including reforming of key groups like WHO and WTO – https://www.slideshare.net/paulyoungcga/global-economy-whats- next • All levels of governments around the world will require a restructuring - https://www.slideshare.net/paulyoungcga/public- sector-how-to-reform-all-levels-of-government
  • 24.
    Importance of Audits •More oversight i.e. Infrastructure funding - https://nationalpost.com/news/opposition-pushes-for-audit-of- trudeaus-187b-infrastructure-plans-underscoring-weakened- liberal-position-in-house or medical supplies - https://thepostmillennial.com/trudeau-governments-medical- equipment-blunder-cost-taxpayers-1-8-billion • In times of fiscal crisis there is need for more oversight and audits - https://ipolitics.ca/2020/05/12/auditor-general-says-lack-of- funding-covid-19-demands-have-put-all-but-three-audits-on- pause/ Source - https://www.slideshare.net/paulyoungcga/the-importance- of-value-for-money-and-perfomance-based-audits
  • 25.
    Departmental Issues 1. Liberalshave created a new entity called the Ocean Super cluster. This entity seems to be a duplicate of what work is already being done through the fisheries agencies - https://www.slideshare.net/paulyoungcga/aquaculture-fish- farming-and-harvesting-analysis (see slide 17) 2. I have reviewed the coast guard and there are issues with the Coast Guard - https://www.slideshare.net/paulyoungcga/government-policy-public-safety-canada-coast-guard 3. Trudeau has not been clear about 5G, especially in terms of contracts - https://www.slideshare.net/paulyoungcga/global-security-threats-from-5g-leads-to-new-selection-of-5g-vendors 4. CRA needs to revisit its mandate in terms of auditing charities as well as shutting down tax havens - https://www.slideshare.net/paulyoungcga/closing-down-of-tax-havens 5. I have seen little discussion on the cannabis policy including mental health as well as enforcement costs - https://www.slideshare.net/paulyoungcga/government-policy-legalization-of-cannabis-canada 6. More work needs to be done to reform the delivery of healthcare - https://www.slideshare.net/paulyoungcga/whats-next-for-global-healthcare-post-covid19 7. Liberals policies for the AG sector need to have a full review - https://www.slideshare.net/paulyoungcga/whats- next-for-farming-in-canada-analysis-of-economic-and-government-policies 8. eCommerce continues to expand as such so should the policies of the government - https://www.slideshare.net/paulyoungcga/ecommerce-whats-next 9. The government needs a performance audit of its youth employment policies - https://www.slideshare.net/paulyoungcga/canada-youth-development 10. There needs to be performance audit of CERB as part of moving people off of CERB - https://www.slideshare.net/paulyoungcga/policy-analysis-guarantee-income
  • 26.
    Departmental Issues 1. CommercialRent - https://nationalpost.com/news/politics/trudeau-government-paying-84m-to-firm-employing-katie-telfords-husband-to- manage-rent-assistance-aid-program?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter#Echobox=1596846898 Trudeau government paying $84M to firm employing Katie Telford's husband to manage rent assistance aid program. This another example of awarding friends without having the AG do performance audits.- https://www.theglobeandmail.com/politics/article-spouse-of-pms-chief-of-staff-had-meeting-on-liberals-rent- relief/ 2. EV sales have been sluggish despite the government support - https://www.slideshare.net/paulyoungcga/analysis-electrical-vehicle-market 3. Masks companies with no facilities - https://torontosun.com/news/national/questions-arise-about-quebec-companys-federal-contract-for-masks - Other companies were already producing masks - https://betakit.com/ppe-manufacturer-the-canadian-shield-launches-new-surgical-mask-line/ or https://www.dupont.ca/en/personal-protective-equipment.html 4. Foreign Aid – There are still issues with reporting including performance audits - The distribution of Foreign Aid is very important to countries as part of helping developing countries improve water, education, farming practices, infrastructure, and other areas of their economy. https://www.slideshare.net/paulyoungcga/foreign-aid-bringing-more-accountability-transparency-and-oversight 5. Telefilm Canada releases its audit report - https://www.oag- bvg.gc.ca/internet/English/mr_20200727_e_43597.html “We found that the corporation had some good corporate management practices in place. However, we found areas for improvement in practices related to board oversight; board independence; performance measurement, monitoring, and reporting; and risk mitigation, monitoring, and reporting 6. Payroll management system - https://www.publicsafety.gc.ca/cnt/rsrcs/pblctns/2020-foag-pm/index- en.aspx 7. Lack of oversight / Beirut mission - https://www.international.gc.ca/gac-amc/publications/audits- verification/2019/beirut-beyrouth.aspx?lang=eng 8. Audit of all COVID19 programs - https://www.todayville.com/191820-2/
  • 27.
    PBO / Deficit •CERB / extension cost “Eight more weeks of CERB to cost $17.9 billion, budget officer says” https://www.cbc.ca/news/politics/cerb-extension-pbo- 1.5623507 • Federal deficit will be much larger “The parliamentary budget officer says in a new report that this year's federal deficit could hit $256 billion due to the COVID-19 pandemic. The result, posted this morning, is the combination of an estimated total of $169 billion in federal spending on emergency aid and a historic drop in economic output. The budget office estimates the economy could shrink by 6.8 per cent in 2020, the weakest showing since 1981 and double the record of 3.2 per cent shrinkage in 1982. The overall deficit figure is only $3.8 billion higher than budget officer Yves Giroux's previous predictions, which his report says is due to a better economic outlook in the second half of the year that offsets some new spending. ” https://www.cbc.ca/news/politics/federal-deficit-pbo-1.5617221 • Government will require restructuring as part of post-covid19 - https://www.slideshare.net/paulyoungcga/transforming-the-public-sector- canada
  • 28.
    PBO • Issues withlosses at Crown Corporations - https://www.ctvnews.ca/politics/pbo-flags-high-borrowing- unusual-losses-at-crown-corporations-in-report-1.5027186 • Paid leave / government - https://www.cbc.ca/news/canada/ottawa/pbo-report-699- leave-during-covid-1.5661696 (Cost of leave has led to $632M Productivity losses)
  • 29.
    Paul Martin years •It never seems to amaze me how little people research history. It is like they take scripts from Liberals sites as the only source of the truth. The problem is Liberals like any other party will not tell you the complete truth, • https://www.slideshare.net/paulyoungcga/2019-election-fiscal-management- canada-june-2019 (see slide 26) • Slashed transfers – Trudeau had no issues with slashing transfers under Paul Martin - https://www.macleans.ca/news/canada/justin-trudeau-weighs-in-on- paul-martins-decision-to-slash-provincial-transfers/. Harper did fiscal discipline and Trudeau calls that out - https://www.liberal.ca/growing-our-economy-ralph- goodale/. No were does Trudeau and his team mention how Harper left $1B surplus YTD Nov/15 - https://www.slideshare.net/paulyoungcga/the-stephen- harper-years-pm-of-canada • Restructure EI including taking surpluses into operations - https://www.cbc.ca/news/canada/government-broke-law-on-ei-financing-in-3- years-top-court-1.750084
  • 30.
    1980-1982 Recession –Pierre Trudeau • 1980-1982 Recession • High interest rates • Movement away from the branch manufacturing approach to manufacturing • High government debt and deficits • https://www.cbc.ca/archives/entry/unemployment-reaches-all-time-high-in- 1982 Similarities • 2020 will see labor force change due to automation - https://www.slideshare.net/paulyoungcga/whats-next-for- automation-private-and-public-sector • Youth unemployment will be an issue due to many lacking the skills required for today and tomorrow’s workplace - https://www.slideshare.net/paulyoungcga/automation-and-human-capital-management-human-resources • Issue is not with interest rates, but the size of the debt - https://www.slideshare.net/paulyoungcga/covid19-global- debt-crisis-july-2020 • Inflation is creeping up in Canada but is nowhere near the 14% - https://www.slideshare.net/paulyoungcga/affordability-analysis-and-commentary-canada-june-2020 . There are issues with food prices as well as wage growth - https://www.slideshare.net/paulyoungcga/analysis-wages-and- employment-canada-may-2020
  • 31.
    2009 Recession The GreatRecession that began in 2008 led to some of the highest recorded rates of unemployment and home foreclosures in the U.S. since the Great Depression. Catalyzed by the crisis in subprime mortgage-backed securities, the crisis spread to mutual funds, pensions, and the corporations that owned these securities, with widespread national and global impacts. Ten years after the onset of the crisis, the impacts on workers and economic inequality persist. In a series of policy briefs, IRLE will highlight work by Berkeley faculty on the causes and long-term effects of the Recession. In this brief, we review research from IRLE faculty affiliate and UC Berkeley sociologist Neil Fligstein on the root causes of the Great Recession. Source - https://irle.berkeley.edu/what-really-caused-the-great-recession/ Government action: • Government did a stimulus as part of supporting the economy • Loans to business • Infrastructure spending • Liberals backed by NDP and Bloc demanded the stimulus - https://www.cbc.ca/news/canada/liberals-ndp-bloc-sign-deal-on-proposed-coalition- 1.700119 • Harper years - https://www.slideshare.net/paulyoungcga/the-stephen-harper-years-pm- of-canada
  • 32.
    Failure of Trudeaunomics • Thesad thing is the economy has been sliding for a few years due to Trudeaunomics being a failure! • https://www.slideshare.net/paulyoungcga/failure-of-trudeaunomics • Carbon tax and other changes have made things less affordable - https://www.slideshare.net/paulyoungcga/justin-trudeau- and-liberals-have-liberal-policies-made-things-more-affordable-for-canadians • GDP growth pre-COVID was running at 2.0% which is about the same rate as the past 20 years - https://www.slideshare.net/paulyoungcga/canada-slow-growth-liberal-party-of-canada-december-7-2016 • Trudeau introduce policies that did little to get goods to market or support small business - https://www.slideshare.net/paulyoungcga/canada-whats-next-for-small-business or https://www.slideshare.net/paulyoungcga/canada-natural-resources-sector-whats-next • There has been a job quality issues as Trudeau’s policies did little to support goods producing sector - https://www.slideshare.net/paulyoungcga/job-quality-canada-235057299 • Trudeau continues to push guarantee income despite guarantee income being a failure around the world - https://www.slideshare.net/paulyoungcga/is-guarantee-income-the-right-approach-for-canada-and-other-countries
  • 33.
    Departmental Issues 1. Liberalshave created a new entity called the Ocean Super cluster. This entity seems to be a duplicate of what work is already being done through the fisheries agencies - https://www.slideshare.net/paulyoungcga/aquaculture-fish- farming-and-harvesting-analysis (see slide 17) 2. I have reviewed the coast guard and there are issues with the Coast Guard - https://www.slideshare.net/paulyoungcga/government-policy-public-safety-canada-coast-guard 3. Trudeau has not been clear about 5G, especially in terms of contracts - https://www.slideshare.net/paulyoungcga/global-security-threats-from-5g-leads-to-new-selection-of-5g-vendors 4. CRA needs to revisit its mandate in terms of auditing charities as well as shutting down tax havens - https://www.slideshare.net/paulyoungcga/closing-down-of-tax-havens 5. I have seen little discussion on the cannabis policy including mental health as well as enforcement costs - https://www.slideshare.net/paulyoungcga/government-policy-legalization-of-cannabis-canada 6. More work needs to be done to reform the delivery of healthcare - https://www.slideshare.net/paulyoungcga/whats-next-for-global-healthcare-post-covid19 7. Liberals policies for the AG sector need to have a full review - https://www.slideshare.net/paulyoungcga/whats- next-for-farming-in-canada-analysis-of-economic-and-government-policies 8. eCommerce continues to expand as such so should the policies of the government - https://www.slideshare.net/paulyoungcga/ecommerce-whats-next 9. The government needs a performance audit of its youth employment policies - https://www.slideshare.net/paulyoungcga/canada-youth-development 10. There needs to be performance audit of CERB as part of moving people off of CERB - https://www.slideshare.net/paulyoungcga/policy-analysis-guarantee-income
  • 34.
    Departmental Issues 1. CommercialRent - https://nationalpost.com/news/politics/trudeau-government-paying-84m-to-firm-employing-katie-telfords- husband-to-manage-rent-assistance-aid- program?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter#Echobox=1596846898 Trudeau government paying $84M to firm employing Katie Telford's husband to manage rent assistance aid program. This another example of awarding friends without having the AG do performance audits. - https://www.slideshare.net/paulyoungcga/policy-review-commercial-rent-subsidy-federal- program-canada 2. EV sales have been sluggish despite the government support - https://www.slideshare.net/paulyoungcga/analysis-electrical-vehicle- market 3. Foreign Aid – There are still issues with reporting including performance audits - The distribution of Foreign Aid is very important to countries as part of helping developing countries improve water, education, farming practices, infrastructure, and other areas of their economy. https://www.slideshare.net/paulyoungcga/foreign-aid-bringing-more-accountability-transparency-and-oversight 4. Telefilm Canada releases its audit report - https://www.oag- bvg.gc.ca/internet/English/mr_20200727_e_43597.html “We found that the corporation had some good corporate management practices in place. However, we found areas for improvement in practices related to board oversight; board independence; performance measurement, monitoring, and reporting; and risk mitigation, monitoring, and reporting 5. Payroll management system - https://www.publicsafety.gc.ca/cnt/rsrcs/pblctns/2020-foag- pm/index-en.aspx 6. Lack of oversight / Beirut mission - https://www.international.gc.ca/gac- amc/publications/audits-verification/2019/beirut-beyrouth.aspx?lang=eng 7. Audit of all COVID19 programs - https://www.todayville.com/191820-2/
  • 35.
    Departmental Issues • GlobalAffairs went with higher contract with China firm vs lower bid from Canadian Firm (scanning equipment) - https://nationalpost.com/opinion/john-ivison-ottawas-fig-leaf-excuse-for-inviting-chinese-x-rays-into-canadas- embassies-just-blew-away • Government continues to create new entities to managed moneys when existing programs like Western Development fund could handle the moneys - https://www.slideshare.net/paulyoungcga/market-food-protein-market-analysis-and-commentary • Government has failed on the marijuana pardon system - https://www.leafly.com/news/canada/canadas-marijuana-sentence-expungement-suspension-program- is-failing-heres-why - “COVID19 did not help the process, but there was backlog before COVID19” • PBO / Tree Planting “The spending watchdog’s analysis suggests getting there is also going to require more money, about $2.78 billion more, bringing the overall cost closer to $5.94 billion.” - https://globalnews.ca/news/7606356/tree-planting-plan-cost/ • Drinking Water - https://www.oag-bvg.gc.ca/internet/English/mr_20210225_e_43760.html • Shipbuilding - https://www.oag-bvg.gc.ca/internet/English/mr_20210225_e_43759.html • Issues with efficiency of payments to child welfare - https://www.oag- bvg.gc.ca/internet/English/mr_20210225_e_43761.html • Ineffective IT procurement process - https://www.oag- bvg.gc.ca/internet/English/mr_20210225_e_43758.html
  • 36.
    Key Policy Review •Indigenous Affairs - https://www.slideshare.net/paulyoungcga/policies-and-affairs-indigenous-first-nations-analysis- and-commentary • Defense Spending - https://www.slideshare.net/paulyoungcga/policy-analysis-defense-spending-canada • EI - https://www.slideshare.net/paulyoungcga/policy-analysis-employment-insurance-and-cerb-canada • Cannabis - https://www.slideshare.net/paulyoungcga/cannabis-legalization-canada-policy-analysis • Innovation - https://www.slideshare.net/paulyoungcga/how-best-to-support-business-startups • Income inequality - https://www.slideshare.net/paulyoungcga/pandemic-and-covid19-canada-and-the-world • Post-Secondary Education - https://www.slideshare.net/paulyoungcga/postsecondary-education-outcomes-canada • Youth Employment - https://www.slideshare.net/paulyoungcga/canada-and-youth-employment-analysis-and- commentary • Social Welfare and Housing - https://www.slideshare.net/paulyoungcga/canadas-reforming-of-social-welfare- programs • Foreign Policies and Affairs - https://www.slideshare.net/paulyoungcga/foreign-policies-and-affairs-middle-east- 238725972 or https://www.slideshare.net/paulyoungcga/policy-review-october-2020-immigration-and-refugees- canada • Pharmacare/drug production - https://www2.slideshare.net/paulyoungcga/canada-biotech-and-pharmaceutical- manufacturing • Rail Transportation and Safety - https://www2.slideshare.net/paulyoungcga/canada-rail-transportation-shipments- and-safety-239477073 • Water Management - https://www2.slideshare.net/paulyoungcga/water-management-and-systems-canada-and-the- world • Foreign Aid - https://www2.slideshare.net/paulyoungcga/foreign-aid-how-to-improve-outcomes • Gender equality - https://www2.slideshare.net/paulyoungcga/women-and-the-great-2020-global-recession • Emissions and Climate Change - https://www2.slideshare.net/paulyoungcga/global-emissions-and-climate-change- canada-and-the-world
  • 37.
    Summary • Canada willhave a long road a head when it comes to fixing its economy and fiscal management cycle by all levels of government - https://www.slideshare.net/paulyoungcga/canada-gdp-and-economy-truth- and-what-needs-to-change • Canada will need a plan that deals with job quality, fdi, goods producing sector, affordable housing, tax fairness and value for money social programs - https://www.slideshare.net/paulyoungcga/transforming-the-economy- postcovid19-canada-and-the-world • Getting goods to market - https://www.slideshare.net/paulyoungcga/how-to- address-issues-facing-getting-goods-to-market • Reforming Government - https://www.slideshare.net/paulyoungcga/how-to- reform-the-public-sector-in-canada-and-around-the-world • Circular Economy – https://www.slideshare.net/paulyoungcga/how-to-best- support-a-circular-economy • Global Economy - https://www.slideshare.net/paulyoungcga/what-is-next-for- the-global-economy-october-2020 • Ethics, accountable, transparent, and honest government - https://www.slideshare.net/paulyoungcga/governance-model-for-canada-are- liberals-more-transparent-and-open • Transit - https://www2.slideshare.net/paulyoungcga/transit-and-canada- analysis-and-commentary • September 2020 and October 2020 – Scorecard - https://www2.slideshare.net/paulyoungcga/scorecard-october-2020-and- september-2020-canada
  • 38.
    Other Sources • If youlike to learn more about trade and/or other subjects as part of your professional learning and development then feel free to review my material on https://www.udemy. com/ (search Paul Young CPA CGA