Small businesses are backbone of the economy, especially in small cities. The economic recovery strength will depend on how well small businesses survive post-covid19
Justin Trudeau made many promises back in 2015 including being open, transparent, and accountable. This presentation looks at many areas of policy. The readers of this report can make their own decisions on whether Trudeau has been open, transparent, and accountable to Canadians.
1. Trade protectionism - https://torontosun.com/opinion/editorials/editorial-bidens-buy-american-policies-hurting-canada
2. Climate Change - https://www.cbc.ca/news/politics/environment-commissioner-report-failure-to-failure-1.6262523
3. Benefits - https://nationalpost.com/news/politics/some-cerb-recipients-set-to-get-notices-that-they-owe-feds-some-of-the-aid?r
4. Wage growth - https://financialpost.com/news/economy/immigrant-influx-is-stunting-wage-growth-in-canadian-recovery
5. GDP - https://economics.td.com/ca-weekly-bottom-line
6. Housing - https://www.bnnbloomberg.ca/it-s-like-gamestop-mortgage-expert-on-risk-of-housing-correction-1.1687056
7. Canada lags many states in oil and gas development - https://www.fraserinstitute.org/studies/canada-us-energy-sector-competitiveness-survey-2021
8. Streaming = https://ca.finance.yahoo.com/news/media-experts-agree-action-needed-110000640.html
9. Skills gaps - https://financialpost.com/sponsored/business-sponsored/building-the-future-of-continuing-education
10. Deficit - https://www.theglobeandmail.com/politics/article-report-says-federal-deficit-stood-at-686b-halfway-through-fiscal-year/ or https://www.advisor.ca/news/economic/federal-deficit-hits-nearly-69b-over-first-half-of-fiscal-year/
2019 Election| Scorecard | Liberal Party of Canada | Prime Minister - Justin ...paul young cpa, cga
Here is a look at key areas of policy as part of assessing the success of Trudeau. Trudeau and his team often tout certain stats as way to show people they are successful. The problem is that many stats are very high level as such never discuss the details.
Small businesses are backbone of the economy, especially in small cities. The economic recovery strength will depend on how well small businesses survive post-covid19
Justin Trudeau made many promises back in 2015 including being open, transparent, and accountable. This presentation looks at many areas of policy. The readers of this report can make their own decisions on whether Trudeau has been open, transparent, and accountable to Canadians.
1. Trade protectionism - https://torontosun.com/opinion/editorials/editorial-bidens-buy-american-policies-hurting-canada
2. Climate Change - https://www.cbc.ca/news/politics/environment-commissioner-report-failure-to-failure-1.6262523
3. Benefits - https://nationalpost.com/news/politics/some-cerb-recipients-set-to-get-notices-that-they-owe-feds-some-of-the-aid?r
4. Wage growth - https://financialpost.com/news/economy/immigrant-influx-is-stunting-wage-growth-in-canadian-recovery
5. GDP - https://economics.td.com/ca-weekly-bottom-line
6. Housing - https://www.bnnbloomberg.ca/it-s-like-gamestop-mortgage-expert-on-risk-of-housing-correction-1.1687056
7. Canada lags many states in oil and gas development - https://www.fraserinstitute.org/studies/canada-us-energy-sector-competitiveness-survey-2021
8. Streaming = https://ca.finance.yahoo.com/news/media-experts-agree-action-needed-110000640.html
9. Skills gaps - https://financialpost.com/sponsored/business-sponsored/building-the-future-of-continuing-education
10. Deficit - https://www.theglobeandmail.com/politics/article-report-says-federal-deficit-stood-at-686b-halfway-through-fiscal-year/ or https://www.advisor.ca/news/economic/federal-deficit-hits-nearly-69b-over-first-half-of-fiscal-year/
2019 Election| Scorecard | Liberal Party of Canada | Prime Minister - Justin ...paul young cpa, cga
Here is a look at key areas of policy as part of assessing the success of Trudeau. Trudeau and his team often tout certain stats as way to show people they are successful. The problem is that many stats are very high level as such never discuss the details.
Many different groups will write paper and/or articles on government from their perspective. It is important for readers to review all sources when it comes to debating various government policies
Justin Trudeau constantly calls out the Harper era like he did in 2015. The problem is Trudeau never discuss details as the details tell a different picture.
Employment rose by 154,000 (+0.8%) in November and was 186,000 (+1.0%) higher than its pre-COVID February 2020 level. The unemployment rate fell to 6.0%, within 0.3 percentage points of what it was in February 2020.
Employment increased in both the services-producing and goods-producing sectors in November. Both full-time (+80,000; +0.5%) and part-time (+74,000; +2.1%) work increased, and employment gains were spread across six provinces.
Total hours worked increased 0.7% and returned to the pre-pandemic February 2020 level for the first time. Hours rose across most industries, led by manufacturing, wholesale and retail trade, as well as construction. Despite increasing in November, hours in the goods-producing sector were still below their pre-pandemic level (-3.6%). All of the growth compared with February 2020 was in the services-producing sector (+1.3%), most notably in professional scientific and technical services (+12.5%).
https://www150.statcan.gc.ca/n1/daily-quotidien/211203/dq211203a-eng.htm
1. Quebec spending money on skills - https://www.talentcanada.ca/quebec-announces-details-of-3-9-billion-plan-to-address-labour-shortages/. 3 of 6 are public sector related. There seems to be little focus on the goods-producing sector
2. Manufacturing supply change and skill gap issues - https://www.talentcanada.ca/most-manufacturers-facing-more-acute-labour-shortage-than-last-year-survey/
3. AG sector - https://www.realagriculture.com/2021/12/new-canadians-urban-students-needed-to-fill-labour-gaps-in-agriculture/
4. Minimum wage - https://atlantic.ctvnews.ca/minimum-wage-in-new-brunswick-to-increase-by-largest-percentage-in-40-years-1.5690778
5. PMI index - https://www.theglobeandmail.com/business/economy/article-canadian-manufacturing-activity-expands-at-slightly-slower-pace-in/
6. Provinces - https://royal-bank-of-canada-2124.docs.contently.com/v/provinces-enter-advanced-stages-of-recovery-in-2022-pdf
7. Public sector spending - https://winnipegsun.com/uncategorized/trudeau-to-limit-new-spending-in-fiscal-update-source
8. Automation - https://www.nintex.com/blog/the-process-automation-market-is-booming-its-time-to-adapt/
9. Critical metals - https://www.cgai.ca/building_supply_chain_resiliency_of_critical_minerals
10. What is next - https://www.cdhowe.org/intelligence-memos/don-drummond-upcoming-fall-fiscal-update-must-answer-questions-about-growth
Blog – Has Justin Trudeau and his Liberal Government been Open, Transparent, ...paul young cpa, cga
1. Housing Costs – https://betterdwelling.com/canadian-real-estate-affordability-improves-when-rates-rise-despite-the-rhetoric/ or https://www.bnnbloomberg.ca/real-estate/video/billions-in-unknown-funds-flowing-into-canada-s-housing-market-transparency-international~1644554 or https://www.bnnbloomberg.ca/real-estate/video/household-indebtedness-rising-home-prices-is-a-vulnerability-we-re-worried-about-osfi-head~2342049
2. Gasoline costs - https://www.thestar.com/news/canada/2021/12/10/pbo-finds-fossil-fuel-tax-breaks-costing-canada-billions.html or
3. Inflation - https://www.fraserinstitute.org/blogs/brace-yourselves-canada-inflation-may-be-here-to-stay
4. Carbon tax credit - https://www.cbc.ca/news/canada/calgary/cenovus-carbon-capture-alberta-oil-and-gas-1.6278781
5. Supply chain - https://canadianfoodsinc.com/index.php/2021/12/11/experts-say-second-wave-will-bring-empty-shelves-but-not-because-of-panic-buying/
6. CERB – https://westernstandardonline.com/2021/12/calgary-porch-pirate-mp-now-under-investigation-for-cerb-fraud/
7. GIS - https://globalnews.ca/video/8437282/covid-19-freeland-says-shes-personally-committed-to-guaranteed-income-supplement-clawback-related-to-cerb
8. Audit and quarantine - https://www.cbc.ca/news/politics/quarantine-hotel-tracking-phac-audit-1.6279176
9. Challenges facing the Canadian economy - https://www.canadianlawyermag.com/practice-areas/corporate-commercial/canadas-economic-forecast-looks-good-but-challenges-still-lie-ahead-bennett-jones-report/362547
10. @s_guilbeault - Https://www.canadianmanufacturing.com/manufacturing/environment-minister-says-mandate-to-enforce-ev-sales-is-needed-276545/
a. How will the govt make up for the loss of the gas tax money?
b. There are still capacity issues with building electrical vehicles
c. Lack of plug-in stations
i. The ability of the grid to handle the charging https://www.slideshare.net/paulyoungcga/electrical-vehicles-and-plugin-stations-adoption-november-2021
Blog – Failure of Trudeaunomics – October 2021
Inflation went from 1% in 2015 to 1.9% in 2019 and now is 4.7% in Oct/21
Public sector jobs continue to outpace the private sector jobs
GDP went from 3.0% in 2017 to 1.6% 2019 (pre-Covid)
Housing prices continue to rise
Welcome to @justinTrudeau ‘s Canada
Has Justin Trudeau been Open, Transparent, and Accountable to Canada?paul young cpa, cga
Summary
In 2015 is when Justin Trudeau promised to be the most open, honest, transparent, and accountable government in Canadian history. Over the past 6+ years has seen Trudeau shut down committees, call an election during a pandemic for power, convicted of numerous ethical violations, handing out contracts to liberal friendly supporters, highest inflation in nearly 20 years, housing that is no longer affordable to many Canadians.
1. Pandemic benefits - https://www.cbc.ca/news/business/ceo-pay-covid-19-1.6303304
2. Real Estate - https://financialpost.com/investing/canada-needs-fixing-as-the-digital-transformation-takes-hold
3. Clean Technology https://ca.finance.yahoo.com/news/blackstone-invests-3-billion-invenergy-172635828.html
4. Energy - https://www.theglobeandmail.com/opinion/editorials/article-canada-is-an-energy-superpower-and-that-doesnt-just-mean-oil/
5. Forest management - https://www.euronews.com/green/2022/01/05/this-australian-start-up-wants-to-fight-deforestation-with-an-army-of-drones
6. Sur tax housing - https://www.ctvnews.ca/canada/canada-urged-to-create-surtax-on-1-million-homes-to-rein-in-prices-fund-affordable-housing-1.5728951
7. Transitory inflation and lumber - https://betterdwelling.com/the-bank-of-canada-used-lumber-to-prove-transitory-inflation-then-prices-doubled/
8. Dairy dispute - https://thehill.com/policy/equilibrium-sustainability/588426-us-dairy-industry-claims-victory-over-canada-in-trade-pact
9. Chile is projecting 2-3% growth with their mining sector - https://www.bnamericas.com/en/news/chiles-mining-sector-will-grow-2-3-in-2022--sonami
10. Inaction - https://ipolitics.ca/2022/01/06/otoole-frustrated-by-federal-inaction-that-led-to-lockdowns/
How to address systemic issues with Affordabiity and Availability of Housing paul young cpa, cga
Summary:
The value of mortgages in Canada have hit an all-time high.
The cost of construction materials has seen double digit growth.
Local government need to adopt innovation like 3D printing for housing.
Lumber costs have grown by 40% in two months.
1. Household debt - Households added $16.3 billion in mortgage debt in the month of November, representing a rise of 0.8% from October. Compared with November 2020, mortgage debt was up 10.4%, while over the same period, residential construction investment rose 11.8%. Nationally, new home prices increased by 0.8% in November, continuing the string of monthly increases since May 2020. While the volume of existing home sales were lower in November on an unadjusted basis, the average sale price remained well above the $700,000 mark. - https://www150.statcan.gc.ca/n1/daily-quotidien/220119/dq220119d-eng.htm
2. Lumber and Climate change - https://www.msn.com/en-us/money/markets/lumber-prices-are-off-the-rails-again-blame-climate-change/ar-AASVQOr
3. Housing bubble - https://www.thestreet.com/investing/will-the-us-housing-market-crash-in-2022
4. Mortgage debt - https://betterdwelling.com/canadian-mortgage-debt-has-hit-a-new-all-time-high-for-261-consecutive-months/
5. Construction materials - https://canada.constructconnect.com/canadata/forecaster/economic/2022/01/double-digit-percentage-cost-increases-for-construction-materials-persist
6. Labor - https://ontarioconstructionnews.com/immigration-reform-needed-to-bring-more-construction-workers-into-ontario/
7. Better urban planning around water, land, forest management is key to mitigating issues with climate change - https://www.slideshare.net/paulyoungcga/how-to-mitigate-the-threats-of-climate-change-250803941
8. Changing municipal building codes to support modular and 3D housing - https://www.foxbusiness.com/technology/3d-printed-houses-cost-less-take-less-time-to-build-alquist-3d-ceo
9. Better tax and economic policies that support startup as part of encouraging businesses to move out of large urban areas to smaller and rural areas - https://finance.yahoo.com/news/hundreds-small-businesses-creators-form-160000558.html
10. Better management of water systems - https://www.aquascience.net/
11. Urban solutions related to electricity needs by businesses and residential customers - https://microgridknowledge.com/fixing-the-grid-not-enough-microgrid/
12. Fixing issues with the public sector - https://www.slideshare.net/paulyoungcga/transformation-of-the-public-sector-in-canada
Blog – What is next for Households – Canada and the World
Household in Canada around the world are facing many pressures like high inflation, job quality, finding affordable daycare, supply chain disruption, threat of automation, finding affordable housing, high taxes, and reduction in government services.
1. Household - https://eppc.org/publication/5-ways-to-make-america-more-family-friendly/
2. Housing bubble - https://realty.economictimes.indiatimes.com/news/industry/european-central-bank-cant-ignore-developing-housing-bubble-isabel-schnabel/87630566
3. Housing prices - https://www.fool.ca/2021/11/10/2-in-3-canadians-believe-home-prices-will-keep-rising-but-will-they/
4. ESG - https://www.pwc.com/ca/en/industries/government-and-public-services/aligning-values-and-value-through-esg.html
5. Wage growth - https://www.cnbc.com/2021/11/10/inflation-has-taken-away-all-the-wage-gains-for-workers-and-then-some.html
6. Global threats and risks - https://globalriskinsights.com/
7. Income taxes - https://torontosun.com/opinion/columnists/opinion-canadas-high-income-taxes-are-making-us-less-competitive
8. Blog – BMO – Stock Market – 20210511 - https://www.slideshare.net/paulyoungcga/what-is-up-with-stock-marklet-november-5-2021
9. Energy crisis - https://thehill.com/opinion/energy-environment/580843-pavlich-bidens-self-inflicted-energy-crisis
10. Debt - https://www.kfyrtv.com/2021/11/10/household-debt-hit-record-levels-some-experts-say-its-not-all-bad-news/
11. Rent to own - https://storeys.com/liberal-party-rent-to-own-plan/
Has Justin Trudeau been Open, Transparent, and Accountable to Canada?paul young cpa, cga
This presentation looks at different areas of government as a way for Canadians to assess if Justin Trudeau has been accountable, open, and transparent to Canadians.
The federal government ran a deficit of nearly $69 billion over the first half its fiscal year, almost $130 billion less than the treasury pumped out during the same stretch one year earlier.
The Finance Department’s fiscal monitor says the budgetary deficit between April and September was $68.6 billion, down from the $198.1 billion recorded over the same months in 2020 when Covid-19 first struck.
Source - https://www.advisor.ca/news/economic/federal-deficit-hits-nearly-69b-over-first-half-of-fiscal-year/
1. Deficit / Canada - https://www.reuters.com/markets/rates-bonds/canada-records-c6857-bln-budget-deficit-over-first-six-months-202122-2021-11-26/
2. BOC / qualitative easing - https://www.bankofcanada.ca/2021/11/financial-stability-through-the-pandemic-and-beyond/
3. Inflation - https://financialpost.com/opinion/philip-cross-government-is-driving-inflation
4. Household debt - https://www.consolidatedcreditcanada.ca/financial-news/household-debt/
5. https://twitter.com/EvanLSolomon/status/1464071997286232100 Hey Evan - Sep/19 also seen higher inflation compared to Oct/15 but there was no comment from you back in Sep/19, why? https://www.slideshare.net/paulyoungcga/2019-election-cost-of-living-canada-june-2019 There was also no comment how GDP growth went from 3.0% (2017) to 1.6% (2019), right? https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp
6. Interest rates - https://www.bloomberg.com/news/articles/2021-10-27/bank-of-canada-accelerates-potential-timing-of-rate-hikes
7. Housing - https://theconversation.com/want-to-solve-the-housing-crisis-address-super-charged-demand-169809
8. Consumer spending - https://thoughtleadership.rbc.com/rbc-consumer-spending-tracker/
9. Infrastructure bank - https://canada.constructconnect.com/dcn/news/projects/2021/11/cib-hits-its-stride-with-20-projects-in-its-portfolio
10. https://globalnews.ca/news/8404028/prime-minister-justin-trudeau-bc-flood-zone/ Is @JustinTrudeau taking his surfboard? Many of us already know it will be lots of word salad and little said about all levels of government failing to safeguard assets! https://www.slideshare.net/paulyoungcga/crisis-and-emergency-management-risk-management-how-best-to-manage-risk
Has Justin Trudeau been Open, Transparent, and Accountable to Canada?paul young cpa, cga
Summary:
Canada has dropped from 10th (2015) on the global corruption list to 13th (2021)
Canada inflation is the highest it has been in over 30 years.
Trudeau calls the trucker convoy fringe people but says nothing about left-leaning groups that hold up mining and food projects.
1. Food Security - https://www.peicanada.com/island_farmer/federal-ministers-welcome-welcomes-auditor-general-s-report-on-protecting-canada-s-food-system/article_0fbce428-7d4d-11ec-8f59-4ffdd97d2dd5.html - Canada is ranked 7th in 2021 - https://www.foodsafety.ca/news/canada-ranks-7th-global-food-security-index as compared to rank 2nd in 2015.
2. Canada is ranked 13th on the global corruption index for 2021 as compared Canada was 10th in 2015 - https://www.transparency.org/en/cpi/2015
3. Inflation and Canada - https://www.reuters.com/business/finance/hike-or-not-its-toss-up-ahead-bank-canada-rate-decision-2022-01-26/
4. Foreign policies and affairs - https://www.theglobeandmail.com/world/article-canada-shut-out-of-western-allies-talks-with-the-taliban-in-norway/
5. 25% reduction in rates is dependent on the plan. https://mobilesyrup.com/2022/01/27/changes-canadian-carrier-rate-plans-virgin-shaw-rogers-fido-freedom-koodo-telus-lucky-bell-chatr/
6. 5G - https://mobilesyrup.com/2022/01/23/what-does-us-c-band-5g-mean-for-canada/
7. Fiscal update - https://www.slideshare.net/paulyoungcga/fiscal-update-for-canada-november-2021
8. Ukraine and Canada - https://torontosun.com/opinion/columnists/lilley-trudeau-fails-ukraine-just-as-he-fails-canada
9. Ethical failures - https://www.saltwire.com/atlantic-canada/news/the-ethical-failures-in-canadas-pandemic-response-full-comment-with-anthony-furey-100684222/
10. Truckers - https://tfiglobalnews.com/2022/01/25/truckers-in-canada-launch-biggest-even-anti-trudeau-campaign-in-style/
11. Food affordability - https://farmtario.com/news/canada-slips-on-food-affordability-ranking/
12. Inflation - https://www.cpacanada.ca/en/news/canada/2022-01-26-economic-forecast
Economic and Fiscal Scorecard| The United States| June 2021 and July 2021paul young cpa, cga
Blog – Canada – Economic and Fiscal Scorecard – June 2021 and July 2021
1. Inflation - https://www.bnnbloomberg.ca/inflation-expectations-spike-to-record-at-canadian-businesses-1.1644394
2. The Mfg. plan, should is based on four pillars – workforce, innovation, exports, and a net-zero strategy https://www.canadianmanufacturing.com/manufacturing/cme-manufacturers-call-for-a-concrete-plan-on-economic-recovery-272714/ You would think good-paying jobs would be Trudeau's focus, right? Nope attacking Harper is the focus. https://www.slideshare.net/paulyoungcga/manufacturing-canada-june-2021
3. https://www.nationalnewswatch.com/2021/08/30/food-processors-want-action-from-the-next-federal-government/#.YSzGdN8pDQx If food processors want better policies, then they should not be voting for either @theJagmeetSingh or @JustinTrudeau as all they know how to do is tax and spend! https://www.slideshare.net/paulyoungcga/agriculture-and-farm-equipment-sector-july-2021@CPC_HQ
4. Job vacancies - https://thoughtleadership.rbc.com/are-sky-high-job-vacancies-in-canada-around-for-a-while/
5. Circular economy - https://www.hilltimes.com/2021/08/25/canada-and-the-nordic-countries-are-allies-in-transitioning-to-a-circular-economy-envoys/312761
6. Housing - https://betterdwelling.com/canadian-housing-affordability-got-worse-under-trudeau-but-did-he-do-the-worst/
7. USA and Canada Trade - https://www.hilltimes.com/2021/08/30/reliance-on-u-s-remains-a-threat-to-canadian-economy/314006
8. Climate change - https://www.corporateknights.com/responsible-investing/why-are-canadian-pensions-risking-our-future-by-funding-fossil-fuel-expansion/
9. International support - https://www.international.gc.ca/gac-amc/publications/odaaa-lrmado/report-rapport-18-19.aspx?lang=eng
10. Infrastructure - https://www.hilltimes.com/2021/08/25/transportation-infrastructure-key-for-canadas-economic-recovery/313242
Summary:
Inflation continues to be an issue for many Canadians.
Green inflation continues to key part of the rise of inflation
More and more people are being left out of the housing market
1. Average House – https://globalnews.ca/news/8516543/canada-home-sales-record-crea/
2. Lumber prices - https://fortune.com/2022/01/12/lumber-prices-skyrocket-again-weather-sawmill-production-supply-chain/
3. Gasoline – https://www.marketscreener.com/quote/commodity/WTI-2355639/news/Front-Month-Nymex-RBOB-Gasoline-Rose-0-53-to-Settle-at-2-4318-Data-Talk-37578932/
4. Food - https://www.bloomberg.com/opinion/articles/2022-01-16/soaring-food-prices-can-pay-for-a-more-secure-future
5. Top jobs - https://www.ctvnews.ca/canada/these-are-the-most-in-demand-skills-for-canadian-job-seekers-1.5741586 and https://dailyhive.com/vancouver/in-demand-highest-paying-jobscanada-2022
6. Home building - https://www.cnbc.com/2022/01/18/homebuilder-confidence-drops-for-the-first-time-in-four-months.html
7. Education - https://www.kenoshanews.com/opinion/columnists/commentary-college-students-aren-t-getting-the-education-they-paid-for-where-s-the-reimbursement/article_66dd9f71-8aa3-56d4-8dc0-45de2fc67e4e.html
8. Rent costs - https://rentals.ca/national-rent-report
9. Shipping - https://rentals.ca/national-rent-report
10. Green Inflation - https://globalnews.ca/news/8508541/canada-green-transition-inflation/
11. Natural gas prices - https://www.naturalgasintel.com/february-natural-gas-called-slightly-higher-as-forecast-outlook-steady-over-weekend/
12. EV range - https://insideevs.com/news/561634/us-median-range-gasoline-bevs/
13. Existing home sales - https://economics.td.com/ca-existing-home-sales
14. Businesses and Inflation - https://www.benefitscanada.com/canadian-investment-review/research-markets/canadian-businesses-predicting-higher-inflation-through-2023-boc-survey/
On a seasonally adjusted basis, sales in the food service and drinking places subsector were up (+20.3%) in June 2021 compared with the previous month, as restrictions related to the COVID-19 pandemic eased throughout the country. Receipts totalled $5.4 billion, reaching their highest level since the beginning of the pandemic. Full-service restaurants (+53.2%), drinking places (+82.3%), limited-service restaurants (+2.2%) and special food services (+9.1%) all saw increased sales.
Eight of the provinces reported higher sales, with the largest increases in dollar terms being in Ontario (+18.9%), Quebec (+31.9%), Alberta (+26.1%) and British Columbia (+16.2%). Nova Scotia also had a large increase in sales (+28.0%), following a sharp decline the previous month because of restrictions on dining in restaurants. Sales declined in Prince Edward Island (-2.4%) and Newfoundland (-0.5%), as these provinces eased some interprovincial travel restrictions later in the month.
https://www150.statcan.gc.ca/n1/daily-quotidien/210824/dq210824g-eng.htm
1. Debt issues - https://www.restaurantscanada.org/industry-news/restaurants-need-sector-specific-support-to-survive-devastating-pandemic-debt/
2. Tourism - https://financialpost.com/executive/posthaste-as-canada-welcomes-back-americans-our-late-summer-tourism-boom-could-be-disrupted-by-delta-and-labour-shortages
3. Hotel - https://www.hotelmanagement.net/operate/hospitality-industry-moves-post-pandemic-recovery-mode
4. Insurance - https://www.insurancebusinessmag.com/ca/news/commercial-liability/rising-insurance-costs-are-a-challenge-for-canadas-small-businesses--report-302087.aspx
5. Carbon tax - https://www.pwc.com/us/en/services/tax/library/carbon-taxes-and-international-trade-what-are-the-key-issues.html
6. Staffing - https://www.cambridgechamber.com/blogs/smes-continued-to-be-plagued-by-staffing-shortages.htm
7. Travel - https://www.forbes.com/sites/suzannerowankelleher/2021/08/14/canada-issues-vaccination-mandate-for-air-train-and-cruise-ship-passengers/?sh=317ad7e57618
8. Business travel - https://www2.deloitte.com/us/en/insights/focus/transportation/future-of-business-travel-post-covid.html?id=us:2ps:3gl:di7303:rbt:pm:080321:ad3:kwd-14005870:business%20travel&gclid=CjwKCAjw1JeJBhB9EiwAV612y_5Kw5gRzIeH49dYFyCOYYTrXeh9KAF7xrjN9HjYm8VBp7gvWr5F-hoCQjgQAvD_BwE
9. Zero-waste - https://www.restobiz.ca/canadian-bars-lead-the-way-in-zero-waste-month/
10. Waste - https://vancouversun.com/life/plastic-not-so-fantastic
11. ESG - https://www.bdo.ca/en-ca/insights/assurance-accounting/climate-change-business-reporting/
Canada fiscal management - deficit and debt - february 2021paul young cpa, cga
1. digital and luxury levies - https://www.ctvnews.ca/politics/canada-s-budget-to-include-digital-and-luxury-levies-but-no-wealth-tax-reuters-sources-1.5392475
2. Tax havens and Panama Papers - https://www.cbc.ca/news/canada/cra-panama-papers-audits-5-years-1.5974690
3. Public registry - https://www.thestar.com/politics/federal/2021/04/21/ottawa-targets-tax-evaders-with-public-registry-of-corporate-owners.html
4. AG and vaccines - https://www.hilltimes.com/2021/04/13/federal-auditor-general-to-start-probe-into-vaccines-this-year/293209
5. Holding the govt accountable - https://www.pentictonherald.ca/opinion/article_b48b630e-9878-11eb-bbfe-8734610eab46.html
6. C10 - @s_guilbeault is the last person that should be speaking about restrictions of the internet. I am guessing that @gmbutts is still calling the shots as a way to protect @JustinTrudeau from being exposed as a fraud - https://www.slideshare.net/paulyoungcga/governance-model-canada-federal-government-april-23-2021 or https://troymedia.com/politicslaw/crtc-overreaching-with-its-proposed-internet-regulations/#.YIxWAaEpBPY
7. We do not need a judge investigating. We need someone like Mercer or another HR organization investigating the issues. https://www.mercer.ca/en/what-we-do/workforce-and-careers/hr-transformation.html# Liberals’ record on making improvements after they have failed has been abysmal! https://www.slideshare.net/paulyoungcga/analysis-justin-trudeau-accountability-and-transparency
8. CMHC spent nearly a million dollars to delete the word “mortgage” from its name, Canada Mortgage and Housing Corporation. Staff in internal emails enthused the marketing exercise “gave them chills” and wanted to celebrate with champagne, according to Access To Information records disclosed yesterday by the Canadian Taxpayers Federation: “I wish we could pop open some bubbly together!” https://www.blacklocks.ca/paid-925k-to-delete-a-word/
@MPJulian and the NDP
Shutdown tax-havens.
Fix the tax act.
Getting more value for money out of program spending
The focus should be on protecting the environment while growing the economy in a sustainable way.
https://www.slideshare.net/paulyoungcga/tax-fairness-and-business-competitiveness-analysis
9. Disaster mitigation fund - https://www.municipalworld.com/press-releases/amo-reveals-municipal-government-highlights-from-budget-2021/
a. This does not replace the need to have proper crisis and emergency management reporting - https://ibm.box.com/s/rsp6p9tez8uru9fo0wu5d13bxt7rtrr0
Summary:
There was a budgetary deficit of $3.9 billion in July 2022, compared to a deficit of $10.9 billion in July 2021. The budgetary deficit before net actuarial losses was $3.0 billion, compared to a deficit of $9.6 billion in the same period of 2021-22. The budgetary balance before net actuarial losses is intended to supplement the traditional budgetary balance and improve the transparency of the government’s financial reporting by isolating the impact of the amortization of net actuarial losses arising from the revaluation of the government’s pension and other employee future benefit plans.
As expected, the government’s 2022-23 financial results continue to improve compared to the peak of the COVID-19 crisis and the unprecedented level of temporary COVID-19 response measures at the time.
Source – Government of Canada
Many different groups will write paper and/or articles on government from their perspective. It is important for readers to review all sources when it comes to debating various government policies
Justin Trudeau constantly calls out the Harper era like he did in 2015. The problem is Trudeau never discuss details as the details tell a different picture.
Employment rose by 154,000 (+0.8%) in November and was 186,000 (+1.0%) higher than its pre-COVID February 2020 level. The unemployment rate fell to 6.0%, within 0.3 percentage points of what it was in February 2020.
Employment increased in both the services-producing and goods-producing sectors in November. Both full-time (+80,000; +0.5%) and part-time (+74,000; +2.1%) work increased, and employment gains were spread across six provinces.
Total hours worked increased 0.7% and returned to the pre-pandemic February 2020 level for the first time. Hours rose across most industries, led by manufacturing, wholesale and retail trade, as well as construction. Despite increasing in November, hours in the goods-producing sector were still below their pre-pandemic level (-3.6%). All of the growth compared with February 2020 was in the services-producing sector (+1.3%), most notably in professional scientific and technical services (+12.5%).
https://www150.statcan.gc.ca/n1/daily-quotidien/211203/dq211203a-eng.htm
1. Quebec spending money on skills - https://www.talentcanada.ca/quebec-announces-details-of-3-9-billion-plan-to-address-labour-shortages/. 3 of 6 are public sector related. There seems to be little focus on the goods-producing sector
2. Manufacturing supply change and skill gap issues - https://www.talentcanada.ca/most-manufacturers-facing-more-acute-labour-shortage-than-last-year-survey/
3. AG sector - https://www.realagriculture.com/2021/12/new-canadians-urban-students-needed-to-fill-labour-gaps-in-agriculture/
4. Minimum wage - https://atlantic.ctvnews.ca/minimum-wage-in-new-brunswick-to-increase-by-largest-percentage-in-40-years-1.5690778
5. PMI index - https://www.theglobeandmail.com/business/economy/article-canadian-manufacturing-activity-expands-at-slightly-slower-pace-in/
6. Provinces - https://royal-bank-of-canada-2124.docs.contently.com/v/provinces-enter-advanced-stages-of-recovery-in-2022-pdf
7. Public sector spending - https://winnipegsun.com/uncategorized/trudeau-to-limit-new-spending-in-fiscal-update-source
8. Automation - https://www.nintex.com/blog/the-process-automation-market-is-booming-its-time-to-adapt/
9. Critical metals - https://www.cgai.ca/building_supply_chain_resiliency_of_critical_minerals
10. What is next - https://www.cdhowe.org/intelligence-memos/don-drummond-upcoming-fall-fiscal-update-must-answer-questions-about-growth
Blog – Has Justin Trudeau and his Liberal Government been Open, Transparent, ...paul young cpa, cga
1. Housing Costs – https://betterdwelling.com/canadian-real-estate-affordability-improves-when-rates-rise-despite-the-rhetoric/ or https://www.bnnbloomberg.ca/real-estate/video/billions-in-unknown-funds-flowing-into-canada-s-housing-market-transparency-international~1644554 or https://www.bnnbloomberg.ca/real-estate/video/household-indebtedness-rising-home-prices-is-a-vulnerability-we-re-worried-about-osfi-head~2342049
2. Gasoline costs - https://www.thestar.com/news/canada/2021/12/10/pbo-finds-fossil-fuel-tax-breaks-costing-canada-billions.html or
3. Inflation - https://www.fraserinstitute.org/blogs/brace-yourselves-canada-inflation-may-be-here-to-stay
4. Carbon tax credit - https://www.cbc.ca/news/canada/calgary/cenovus-carbon-capture-alberta-oil-and-gas-1.6278781
5. Supply chain - https://canadianfoodsinc.com/index.php/2021/12/11/experts-say-second-wave-will-bring-empty-shelves-but-not-because-of-panic-buying/
6. CERB – https://westernstandardonline.com/2021/12/calgary-porch-pirate-mp-now-under-investigation-for-cerb-fraud/
7. GIS - https://globalnews.ca/video/8437282/covid-19-freeland-says-shes-personally-committed-to-guaranteed-income-supplement-clawback-related-to-cerb
8. Audit and quarantine - https://www.cbc.ca/news/politics/quarantine-hotel-tracking-phac-audit-1.6279176
9. Challenges facing the Canadian economy - https://www.canadianlawyermag.com/practice-areas/corporate-commercial/canadas-economic-forecast-looks-good-but-challenges-still-lie-ahead-bennett-jones-report/362547
10. @s_guilbeault - Https://www.canadianmanufacturing.com/manufacturing/environment-minister-says-mandate-to-enforce-ev-sales-is-needed-276545/
a. How will the govt make up for the loss of the gas tax money?
b. There are still capacity issues with building electrical vehicles
c. Lack of plug-in stations
i. The ability of the grid to handle the charging https://www.slideshare.net/paulyoungcga/electrical-vehicles-and-plugin-stations-adoption-november-2021
Blog – Failure of Trudeaunomics – October 2021
Inflation went from 1% in 2015 to 1.9% in 2019 and now is 4.7% in Oct/21
Public sector jobs continue to outpace the private sector jobs
GDP went from 3.0% in 2017 to 1.6% 2019 (pre-Covid)
Housing prices continue to rise
Welcome to @justinTrudeau ‘s Canada
Has Justin Trudeau been Open, Transparent, and Accountable to Canada?paul young cpa, cga
Summary
In 2015 is when Justin Trudeau promised to be the most open, honest, transparent, and accountable government in Canadian history. Over the past 6+ years has seen Trudeau shut down committees, call an election during a pandemic for power, convicted of numerous ethical violations, handing out contracts to liberal friendly supporters, highest inflation in nearly 20 years, housing that is no longer affordable to many Canadians.
1. Pandemic benefits - https://www.cbc.ca/news/business/ceo-pay-covid-19-1.6303304
2. Real Estate - https://financialpost.com/investing/canada-needs-fixing-as-the-digital-transformation-takes-hold
3. Clean Technology https://ca.finance.yahoo.com/news/blackstone-invests-3-billion-invenergy-172635828.html
4. Energy - https://www.theglobeandmail.com/opinion/editorials/article-canada-is-an-energy-superpower-and-that-doesnt-just-mean-oil/
5. Forest management - https://www.euronews.com/green/2022/01/05/this-australian-start-up-wants-to-fight-deforestation-with-an-army-of-drones
6. Sur tax housing - https://www.ctvnews.ca/canada/canada-urged-to-create-surtax-on-1-million-homes-to-rein-in-prices-fund-affordable-housing-1.5728951
7. Transitory inflation and lumber - https://betterdwelling.com/the-bank-of-canada-used-lumber-to-prove-transitory-inflation-then-prices-doubled/
8. Dairy dispute - https://thehill.com/policy/equilibrium-sustainability/588426-us-dairy-industry-claims-victory-over-canada-in-trade-pact
9. Chile is projecting 2-3% growth with their mining sector - https://www.bnamericas.com/en/news/chiles-mining-sector-will-grow-2-3-in-2022--sonami
10. Inaction - https://ipolitics.ca/2022/01/06/otoole-frustrated-by-federal-inaction-that-led-to-lockdowns/
How to address systemic issues with Affordabiity and Availability of Housing paul young cpa, cga
Summary:
The value of mortgages in Canada have hit an all-time high.
The cost of construction materials has seen double digit growth.
Local government need to adopt innovation like 3D printing for housing.
Lumber costs have grown by 40% in two months.
1. Household debt - Households added $16.3 billion in mortgage debt in the month of November, representing a rise of 0.8% from October. Compared with November 2020, mortgage debt was up 10.4%, while over the same period, residential construction investment rose 11.8%. Nationally, new home prices increased by 0.8% in November, continuing the string of monthly increases since May 2020. While the volume of existing home sales were lower in November on an unadjusted basis, the average sale price remained well above the $700,000 mark. - https://www150.statcan.gc.ca/n1/daily-quotidien/220119/dq220119d-eng.htm
2. Lumber and Climate change - https://www.msn.com/en-us/money/markets/lumber-prices-are-off-the-rails-again-blame-climate-change/ar-AASVQOr
3. Housing bubble - https://www.thestreet.com/investing/will-the-us-housing-market-crash-in-2022
4. Mortgage debt - https://betterdwelling.com/canadian-mortgage-debt-has-hit-a-new-all-time-high-for-261-consecutive-months/
5. Construction materials - https://canada.constructconnect.com/canadata/forecaster/economic/2022/01/double-digit-percentage-cost-increases-for-construction-materials-persist
6. Labor - https://ontarioconstructionnews.com/immigration-reform-needed-to-bring-more-construction-workers-into-ontario/
7. Better urban planning around water, land, forest management is key to mitigating issues with climate change - https://www.slideshare.net/paulyoungcga/how-to-mitigate-the-threats-of-climate-change-250803941
8. Changing municipal building codes to support modular and 3D housing - https://www.foxbusiness.com/technology/3d-printed-houses-cost-less-take-less-time-to-build-alquist-3d-ceo
9. Better tax and economic policies that support startup as part of encouraging businesses to move out of large urban areas to smaller and rural areas - https://finance.yahoo.com/news/hundreds-small-businesses-creators-form-160000558.html
10. Better management of water systems - https://www.aquascience.net/
11. Urban solutions related to electricity needs by businesses and residential customers - https://microgridknowledge.com/fixing-the-grid-not-enough-microgrid/
12. Fixing issues with the public sector - https://www.slideshare.net/paulyoungcga/transformation-of-the-public-sector-in-canada
Blog – What is next for Households – Canada and the World
Household in Canada around the world are facing many pressures like high inflation, job quality, finding affordable daycare, supply chain disruption, threat of automation, finding affordable housing, high taxes, and reduction in government services.
1. Household - https://eppc.org/publication/5-ways-to-make-america-more-family-friendly/
2. Housing bubble - https://realty.economictimes.indiatimes.com/news/industry/european-central-bank-cant-ignore-developing-housing-bubble-isabel-schnabel/87630566
3. Housing prices - https://www.fool.ca/2021/11/10/2-in-3-canadians-believe-home-prices-will-keep-rising-but-will-they/
4. ESG - https://www.pwc.com/ca/en/industries/government-and-public-services/aligning-values-and-value-through-esg.html
5. Wage growth - https://www.cnbc.com/2021/11/10/inflation-has-taken-away-all-the-wage-gains-for-workers-and-then-some.html
6. Global threats and risks - https://globalriskinsights.com/
7. Income taxes - https://torontosun.com/opinion/columnists/opinion-canadas-high-income-taxes-are-making-us-less-competitive
8. Blog – BMO – Stock Market – 20210511 - https://www.slideshare.net/paulyoungcga/what-is-up-with-stock-marklet-november-5-2021
9. Energy crisis - https://thehill.com/opinion/energy-environment/580843-pavlich-bidens-self-inflicted-energy-crisis
10. Debt - https://www.kfyrtv.com/2021/11/10/household-debt-hit-record-levels-some-experts-say-its-not-all-bad-news/
11. Rent to own - https://storeys.com/liberal-party-rent-to-own-plan/
Has Justin Trudeau been Open, Transparent, and Accountable to Canada?paul young cpa, cga
This presentation looks at different areas of government as a way for Canadians to assess if Justin Trudeau has been accountable, open, and transparent to Canadians.
The federal government ran a deficit of nearly $69 billion over the first half its fiscal year, almost $130 billion less than the treasury pumped out during the same stretch one year earlier.
The Finance Department’s fiscal monitor says the budgetary deficit between April and September was $68.6 billion, down from the $198.1 billion recorded over the same months in 2020 when Covid-19 first struck.
Source - https://www.advisor.ca/news/economic/federal-deficit-hits-nearly-69b-over-first-half-of-fiscal-year/
1. Deficit / Canada - https://www.reuters.com/markets/rates-bonds/canada-records-c6857-bln-budget-deficit-over-first-six-months-202122-2021-11-26/
2. BOC / qualitative easing - https://www.bankofcanada.ca/2021/11/financial-stability-through-the-pandemic-and-beyond/
3. Inflation - https://financialpost.com/opinion/philip-cross-government-is-driving-inflation
4. Household debt - https://www.consolidatedcreditcanada.ca/financial-news/household-debt/
5. https://twitter.com/EvanLSolomon/status/1464071997286232100 Hey Evan - Sep/19 also seen higher inflation compared to Oct/15 but there was no comment from you back in Sep/19, why? https://www.slideshare.net/paulyoungcga/2019-election-cost-of-living-canada-june-2019 There was also no comment how GDP growth went from 3.0% (2017) to 1.6% (2019), right? https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp
6. Interest rates - https://www.bloomberg.com/news/articles/2021-10-27/bank-of-canada-accelerates-potential-timing-of-rate-hikes
7. Housing - https://theconversation.com/want-to-solve-the-housing-crisis-address-super-charged-demand-169809
8. Consumer spending - https://thoughtleadership.rbc.com/rbc-consumer-spending-tracker/
9. Infrastructure bank - https://canada.constructconnect.com/dcn/news/projects/2021/11/cib-hits-its-stride-with-20-projects-in-its-portfolio
10. https://globalnews.ca/news/8404028/prime-minister-justin-trudeau-bc-flood-zone/ Is @JustinTrudeau taking his surfboard? Many of us already know it will be lots of word salad and little said about all levels of government failing to safeguard assets! https://www.slideshare.net/paulyoungcga/crisis-and-emergency-management-risk-management-how-best-to-manage-risk
Has Justin Trudeau been Open, Transparent, and Accountable to Canada?paul young cpa, cga
Summary:
Canada has dropped from 10th (2015) on the global corruption list to 13th (2021)
Canada inflation is the highest it has been in over 30 years.
Trudeau calls the trucker convoy fringe people but says nothing about left-leaning groups that hold up mining and food projects.
1. Food Security - https://www.peicanada.com/island_farmer/federal-ministers-welcome-welcomes-auditor-general-s-report-on-protecting-canada-s-food-system/article_0fbce428-7d4d-11ec-8f59-4ffdd97d2dd5.html - Canada is ranked 7th in 2021 - https://www.foodsafety.ca/news/canada-ranks-7th-global-food-security-index as compared to rank 2nd in 2015.
2. Canada is ranked 13th on the global corruption index for 2021 as compared Canada was 10th in 2015 - https://www.transparency.org/en/cpi/2015
3. Inflation and Canada - https://www.reuters.com/business/finance/hike-or-not-its-toss-up-ahead-bank-canada-rate-decision-2022-01-26/
4. Foreign policies and affairs - https://www.theglobeandmail.com/world/article-canada-shut-out-of-western-allies-talks-with-the-taliban-in-norway/
5. 25% reduction in rates is dependent on the plan. https://mobilesyrup.com/2022/01/27/changes-canadian-carrier-rate-plans-virgin-shaw-rogers-fido-freedom-koodo-telus-lucky-bell-chatr/
6. 5G - https://mobilesyrup.com/2022/01/23/what-does-us-c-band-5g-mean-for-canada/
7. Fiscal update - https://www.slideshare.net/paulyoungcga/fiscal-update-for-canada-november-2021
8. Ukraine and Canada - https://torontosun.com/opinion/columnists/lilley-trudeau-fails-ukraine-just-as-he-fails-canada
9. Ethical failures - https://www.saltwire.com/atlantic-canada/news/the-ethical-failures-in-canadas-pandemic-response-full-comment-with-anthony-furey-100684222/
10. Truckers - https://tfiglobalnews.com/2022/01/25/truckers-in-canada-launch-biggest-even-anti-trudeau-campaign-in-style/
11. Food affordability - https://farmtario.com/news/canada-slips-on-food-affordability-ranking/
12. Inflation - https://www.cpacanada.ca/en/news/canada/2022-01-26-economic-forecast
Economic and Fiscal Scorecard| The United States| June 2021 and July 2021paul young cpa, cga
Blog – Canada – Economic and Fiscal Scorecard – June 2021 and July 2021
1. Inflation - https://www.bnnbloomberg.ca/inflation-expectations-spike-to-record-at-canadian-businesses-1.1644394
2. The Mfg. plan, should is based on four pillars – workforce, innovation, exports, and a net-zero strategy https://www.canadianmanufacturing.com/manufacturing/cme-manufacturers-call-for-a-concrete-plan-on-economic-recovery-272714/ You would think good-paying jobs would be Trudeau's focus, right? Nope attacking Harper is the focus. https://www.slideshare.net/paulyoungcga/manufacturing-canada-june-2021
3. https://www.nationalnewswatch.com/2021/08/30/food-processors-want-action-from-the-next-federal-government/#.YSzGdN8pDQx If food processors want better policies, then they should not be voting for either @theJagmeetSingh or @JustinTrudeau as all they know how to do is tax and spend! https://www.slideshare.net/paulyoungcga/agriculture-and-farm-equipment-sector-july-2021@CPC_HQ
4. Job vacancies - https://thoughtleadership.rbc.com/are-sky-high-job-vacancies-in-canada-around-for-a-while/
5. Circular economy - https://www.hilltimes.com/2021/08/25/canada-and-the-nordic-countries-are-allies-in-transitioning-to-a-circular-economy-envoys/312761
6. Housing - https://betterdwelling.com/canadian-housing-affordability-got-worse-under-trudeau-but-did-he-do-the-worst/
7. USA and Canada Trade - https://www.hilltimes.com/2021/08/30/reliance-on-u-s-remains-a-threat-to-canadian-economy/314006
8. Climate change - https://www.corporateknights.com/responsible-investing/why-are-canadian-pensions-risking-our-future-by-funding-fossil-fuel-expansion/
9. International support - https://www.international.gc.ca/gac-amc/publications/odaaa-lrmado/report-rapport-18-19.aspx?lang=eng
10. Infrastructure - https://www.hilltimes.com/2021/08/25/transportation-infrastructure-key-for-canadas-economic-recovery/313242
Summary:
Inflation continues to be an issue for many Canadians.
Green inflation continues to key part of the rise of inflation
More and more people are being left out of the housing market
1. Average House – https://globalnews.ca/news/8516543/canada-home-sales-record-crea/
2. Lumber prices - https://fortune.com/2022/01/12/lumber-prices-skyrocket-again-weather-sawmill-production-supply-chain/
3. Gasoline – https://www.marketscreener.com/quote/commodity/WTI-2355639/news/Front-Month-Nymex-RBOB-Gasoline-Rose-0-53-to-Settle-at-2-4318-Data-Talk-37578932/
4. Food - https://www.bloomberg.com/opinion/articles/2022-01-16/soaring-food-prices-can-pay-for-a-more-secure-future
5. Top jobs - https://www.ctvnews.ca/canada/these-are-the-most-in-demand-skills-for-canadian-job-seekers-1.5741586 and https://dailyhive.com/vancouver/in-demand-highest-paying-jobscanada-2022
6. Home building - https://www.cnbc.com/2022/01/18/homebuilder-confidence-drops-for-the-first-time-in-four-months.html
7. Education - https://www.kenoshanews.com/opinion/columnists/commentary-college-students-aren-t-getting-the-education-they-paid-for-where-s-the-reimbursement/article_66dd9f71-8aa3-56d4-8dc0-45de2fc67e4e.html
8. Rent costs - https://rentals.ca/national-rent-report
9. Shipping - https://rentals.ca/national-rent-report
10. Green Inflation - https://globalnews.ca/news/8508541/canada-green-transition-inflation/
11. Natural gas prices - https://www.naturalgasintel.com/february-natural-gas-called-slightly-higher-as-forecast-outlook-steady-over-weekend/
12. EV range - https://insideevs.com/news/561634/us-median-range-gasoline-bevs/
13. Existing home sales - https://economics.td.com/ca-existing-home-sales
14. Businesses and Inflation - https://www.benefitscanada.com/canadian-investment-review/research-markets/canadian-businesses-predicting-higher-inflation-through-2023-boc-survey/
On a seasonally adjusted basis, sales in the food service and drinking places subsector were up (+20.3%) in June 2021 compared with the previous month, as restrictions related to the COVID-19 pandemic eased throughout the country. Receipts totalled $5.4 billion, reaching their highest level since the beginning of the pandemic. Full-service restaurants (+53.2%), drinking places (+82.3%), limited-service restaurants (+2.2%) and special food services (+9.1%) all saw increased sales.
Eight of the provinces reported higher sales, with the largest increases in dollar terms being in Ontario (+18.9%), Quebec (+31.9%), Alberta (+26.1%) and British Columbia (+16.2%). Nova Scotia also had a large increase in sales (+28.0%), following a sharp decline the previous month because of restrictions on dining in restaurants. Sales declined in Prince Edward Island (-2.4%) and Newfoundland (-0.5%), as these provinces eased some interprovincial travel restrictions later in the month.
https://www150.statcan.gc.ca/n1/daily-quotidien/210824/dq210824g-eng.htm
1. Debt issues - https://www.restaurantscanada.org/industry-news/restaurants-need-sector-specific-support-to-survive-devastating-pandemic-debt/
2. Tourism - https://financialpost.com/executive/posthaste-as-canada-welcomes-back-americans-our-late-summer-tourism-boom-could-be-disrupted-by-delta-and-labour-shortages
3. Hotel - https://www.hotelmanagement.net/operate/hospitality-industry-moves-post-pandemic-recovery-mode
4. Insurance - https://www.insurancebusinessmag.com/ca/news/commercial-liability/rising-insurance-costs-are-a-challenge-for-canadas-small-businesses--report-302087.aspx
5. Carbon tax - https://www.pwc.com/us/en/services/tax/library/carbon-taxes-and-international-trade-what-are-the-key-issues.html
6. Staffing - https://www.cambridgechamber.com/blogs/smes-continued-to-be-plagued-by-staffing-shortages.htm
7. Travel - https://www.forbes.com/sites/suzannerowankelleher/2021/08/14/canada-issues-vaccination-mandate-for-air-train-and-cruise-ship-passengers/?sh=317ad7e57618
8. Business travel - https://www2.deloitte.com/us/en/insights/focus/transportation/future-of-business-travel-post-covid.html?id=us:2ps:3gl:di7303:rbt:pm:080321:ad3:kwd-14005870:business%20travel&gclid=CjwKCAjw1JeJBhB9EiwAV612y_5Kw5gRzIeH49dYFyCOYYTrXeh9KAF7xrjN9HjYm8VBp7gvWr5F-hoCQjgQAvD_BwE
9. Zero-waste - https://www.restobiz.ca/canadian-bars-lead-the-way-in-zero-waste-month/
10. Waste - https://vancouversun.com/life/plastic-not-so-fantastic
11. ESG - https://www.bdo.ca/en-ca/insights/assurance-accounting/climate-change-business-reporting/
Canada fiscal management - deficit and debt - february 2021paul young cpa, cga
1. digital and luxury levies - https://www.ctvnews.ca/politics/canada-s-budget-to-include-digital-and-luxury-levies-but-no-wealth-tax-reuters-sources-1.5392475
2. Tax havens and Panama Papers - https://www.cbc.ca/news/canada/cra-panama-papers-audits-5-years-1.5974690
3. Public registry - https://www.thestar.com/politics/federal/2021/04/21/ottawa-targets-tax-evaders-with-public-registry-of-corporate-owners.html
4. AG and vaccines - https://www.hilltimes.com/2021/04/13/federal-auditor-general-to-start-probe-into-vaccines-this-year/293209
5. Holding the govt accountable - https://www.pentictonherald.ca/opinion/article_b48b630e-9878-11eb-bbfe-8734610eab46.html
6. C10 - @s_guilbeault is the last person that should be speaking about restrictions of the internet. I am guessing that @gmbutts is still calling the shots as a way to protect @JustinTrudeau from being exposed as a fraud - https://www.slideshare.net/paulyoungcga/governance-model-canada-federal-government-april-23-2021 or https://troymedia.com/politicslaw/crtc-overreaching-with-its-proposed-internet-regulations/#.YIxWAaEpBPY
7. We do not need a judge investigating. We need someone like Mercer or another HR organization investigating the issues. https://www.mercer.ca/en/what-we-do/workforce-and-careers/hr-transformation.html# Liberals’ record on making improvements after they have failed has been abysmal! https://www.slideshare.net/paulyoungcga/analysis-justin-trudeau-accountability-and-transparency
8. CMHC spent nearly a million dollars to delete the word “mortgage” from its name, Canada Mortgage and Housing Corporation. Staff in internal emails enthused the marketing exercise “gave them chills” and wanted to celebrate with champagne, according to Access To Information records disclosed yesterday by the Canadian Taxpayers Federation: “I wish we could pop open some bubbly together!” https://www.blacklocks.ca/paid-925k-to-delete-a-word/
@MPJulian and the NDP
Shutdown tax-havens.
Fix the tax act.
Getting more value for money out of program spending
The focus should be on protecting the environment while growing the economy in a sustainable way.
https://www.slideshare.net/paulyoungcga/tax-fairness-and-business-competitiveness-analysis
9. Disaster mitigation fund - https://www.municipalworld.com/press-releases/amo-reveals-municipal-government-highlights-from-budget-2021/
a. This does not replace the need to have proper crisis and emergency management reporting - https://ibm.box.com/s/rsp6p9tez8uru9fo0wu5d13bxt7rtrr0
Summary:
There was a budgetary deficit of $3.9 billion in July 2022, compared to a deficit of $10.9 billion in July 2021. The budgetary deficit before net actuarial losses was $3.0 billion, compared to a deficit of $9.6 billion in the same period of 2021-22. The budgetary balance before net actuarial losses is intended to supplement the traditional budgetary balance and improve the transparency of the government’s financial reporting by isolating the impact of the amortization of net actuarial losses arising from the revaluation of the government’s pension and other employee future benefit plans.
As expected, the government’s 2022-23 financial results continue to improve compared to the peak of the COVID-19 crisis and the unprecedented level of temporary COVID-19 response measures at the time.
Source – Government of Canada
Fiscal support / Economy
The IMF said that fiscal policy should stay in place to support vulnerable households and firms until recovery takes hold and even then, many low-income countries will need additional assistance through grants, concessional financing, longer suspensions of debt service and in some cases, debt restructurings.
It also called for fiscal policy to "enable a green, digital and inclusive transformation." This includes investments in health systems, job training and hiring subsidies, promoting greater tax fairness, and cutting wasteful spending.
https://www.thechronicleherald.ca/business/reuters/imf-says-fiscal-support-needed-until-recovery-takes-hold-546056/
There was a budgetary deficit of $3.7 billion in October 2021, compared to a deficit of $18.5 billion in October 2020. The budgetary deficit before net actuarial losses and gains was $5.4 billion, compared to a deficit of $17.2 billion in the same period of 2020–21. The budgetary balance before net actuarial losses and gains is intended to supplement the traditional budgetary balance and improve the transparency of the government's financial reporting by isolating the impact of the amortization of net actuarial losses and gains arising from the revaluation of the government's pension and other employee future benefit plans
Source - https://www.canada.ca/en/department-finance/services/publications/fiscal-monitor/2021/10.html
1. Fiscal update - https://rabble.ca/politics/canadian-politics/feds-fiscal-update-is-all-about-covid-but-does-too-little-to-address-root-cause/
2. Housing - https://betterdwelling.com/canadian-real-estate-prices-forecast-to-rise-while-incomes-fall-fitch-ratings/
3. Fitch - https://www.fitchratings.com/research/international-public-finance/canadian-provinces-rebound-in-2022-debt-bears-watching-13-12-2021
4. Food costs - https://www.fitchratings.com/research/international-public-finance/canadian-provinces-rebound-in-2022-debt-bears-watching-13-12-2021
5. Income and food costs - https://globalnews.ca/video/8458094/most-canadians-dont-believe-their-income-will-keep-up-with-rising-food-prices/amp/
6. 2B trees - https://www.cbc.ca/news/politics/canada-trees-planting-climate-1.6288938
7. Critical metals - https://www.sudbury.com/beyond-local/mining-the-future-canadas-high-hopes-to-become-a-global-critical-mineral-powerhouse-4870557
8. China - https://www.theglobeandmail.com/business/commentary/article-china-is-buying-up-the-critical-green-revolution-minerals-sector-in/
9. LNG - https://thenarwhal.ca/bc-last-lng-project/
10. Oil Production - https://financialpost.com/executive/executive-summary/posthaste-canada-set-to-smash-oil-production-record-in-2022-and-thats-a-little-bearish-for-oil
11. Manufacturing - https://www.conferenceboard.ca/insights/featured/canadian-economics/manufacturing-sales-show-signs-of-life
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
Canada - Fiscal Management - Deficit and Debt - May 2022.pptxpaul young cpa, cga
Blog – Public Sector – What is next for Canada – June 2022
The federal public services have expanded by over 50K job and yet there are backlogs with passports, immigration, and other areas of government
Federal government deficits pre-covid nineteen did little to address productivity, innovation, skills gaps, and affordable housing.
Canada per capita GDP trails other countries like Qatar https://georank.org/economy/canada/qatar and Australia https://georank.org/economy/australia/canada
Canada continues to struggle with high inflation - https://www.cbc.ca/news/politics/chrystia-freeland-inflation-1.6501750
Canada - Fiscal Management - Deficit and Debt - March 2022.pptxpaul young cpa, cga
Federal fiscal deficit hit nearly 96B for the FY ending March 2022
OPP costs continue to plague municipal and local government budgets
More needs to be done from all levels of government to mitigate the impacts of climate change
All levels of government need to address issues with housing
Governments need to start looking at the operational model as part of managing costs.
All levels of government need revisit tax policies to ensure fairness.
More needs to be done to address skill gaps and economic development
More needs to be done to address issues with healthcare wait times
Better alignment of education with the jobs of today and tomorrow
Summary:
The federal government ran a budget deficit of $73.7 billion for the April to November period of the current fiscal year.
The Finance Department says the result compared with a deficit of $232 billion in the same period a year earlier.
Source - https://www.advisor.ca/news/economic/eight-month-deficit-feds-spent-73-7-billion-more-than-they-took-in/
1. YTD deficit of $73B - https://infotel.ca/newsitem/fiscal-monitor/cp2130154807
2. Currency - https://www.reuters.com/article/canada-forex/canada-fx-debt-c-posts-biggest-weekly-decline-since-august-on-risk-aversion-idUKL1N2U829F
3. GDP - https://betterdwelling.com/bank-of-canada-quietly-revised-its-gdp-forecast-to-show-a-larger-housing-contraction/
4. Green inflation - https://euobserver.com/climate/154220
5. Trade - https://worldrepublicnews.com/united-states-defeats-canada-in-first-dispute-under-new-north-american-trade-pact/
6. Skills gaps - https://worldrepublicnews.com/united-states-defeats-canada-in-first-dispute-under-new-north-american-trade-pact/
7. Input Costs / AG - https://www.agweb.com/news/crops/planting/farming-input-costs-are-rising-how-producers-are-managing-risk
8. Middle class taxes - https://www.agweb.com/news/crops/planting/farming-input-costs-are-rising-how-producers-are-managing-risk
9. Wealth taxes - https://financesofthenation.ca/2022/01/26/why-wont-canada-increase-taxes-on-capital-gains-of-the-wealthiest-families/
10. Value for money - https://www.thespec.com/opinion/contributors/2022/01/26/value-for-money-audit-could-unlock-police-ingenuity-creativity-and-innovation.html
11. Funding transit - https://fcm.ca/en/news-media/news-release/big-city-mayors-federal-government-public-transit-needs-our-help
12. What plans?
a. https://www.canada.ca/en/innovation-science-economic-development/news/2022/01/government-of-canada-delivers-on-commitment-to-reduce-cell-phone-wireless-plans-by-25.html
i. This is misleading because it is based on plans. https://www.iphoneincanada.ca/carriers/rogers/rogers-telus-bell-have-lowered-cellphone-plans-by-25-as-agreed-says-ottawa/
1. If you renew your plan than you will see different rates due to what is being offered.
Canada - Fiscal Management - Deficit and Debt - January 2022.pptxpaul young cpa, cga
Canada heads to a very difficult time with a government that solely focus on its progressive agenda and climate change. The government continues push forward with new programs despite a structural deficit that has not been addressed since the December 2019.
Canada - Fiscal Management - Deficit and Debt - May 2022.pptxpaul young cpa, cga
Summary
Canada projected a 12B deficit for FY 2023. The current surplus of $5B is primarily to do with higher revenue and lower expenses being paid out. The economy is about hit major headway as such taxes should start to drop over the next 5-6 months. Government expenses will likely grow over the next few months.
All governments have to follow their fiscal management cycle and that includes internal audit programs. The problem is too many governments put little focus on operational and performance audits as part of managing their fiscal cycle.
Similar to Fiscal Management| Public Sector| Canada (20)
Global Housing Market Analysis and Commentary- September 2023.pptxpaul young cpa, cga
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptxpaul young cpa, cga
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
Electricity Analysis - Canada and the OECD - June 2023.pptxpaul young cpa, cga
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Stock Market Analysis and Commentary for WE September 9 2023.pptxpaul young cpa, cga
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...paul young cpa, cga
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptxpaul young cpa, cga
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
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@Pi_vendor_247
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@Pi_vendor_247
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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.
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
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
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
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 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.
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/2021/06.html
2021-06-eng_Fiscal
Monitor.pdf
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 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
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/
11. Blog – Path Forward for Canada
Source -
https://economics.bmo.com/en/publications/detail
/883e0db8-9758-4eb8-b867-7e2436f44c62/
Blog – Path Forward for Canada
Key benefits of the budget
EI reforms for sick leave
OAS changes
Training credits
My issues
Not enough is being done to address either the size of
government or fixing policies that will make Canada
more competitive.
https://www.slideshare.net/paulyoungcga/path-forward-
for-canada-budget-2021
13. 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/
14. Deficit as % of GDP
Source - https://www.huffingtonpost.ca/entry/budget-deficit-canada_ca_5f89a94fc5b62dbe71c23326?ncid=other_twitter_cooo9wqtham&utm_campaign=share_twitter
15. 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
17. 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
18. 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 or
Nov/16 https://www.slideshare.net/paulyoungcga/2016-november-2016-gdp-gross-domestic-product-canada
Apr/19 - https://www.slideshare.net/paulyoungcga/canada-and-slow-growth-april-2019
May/21 - https://www.slideshare.net/paulyoungcga/gdp-canada-naics-may-2021
21. Job Quality
Then that is all need to see from you as it appears that researching facts is not
something you are interested in in terms of a debate!
Basic Income - https://www.slideshare.net/paulyoungcga/basic-income-
affordabillity
EI Review - https://www.slideshare.net/paulyoungcga/policy-review-ei-
unemployment-insurance
Poverty - https://www.slideshare.net/paulyoungcga/how-to-fix-global-poverty
23. 23
Cost of Living
This happens when you elect a person like @JustinTrudeau that has no grasp of finance and economics. Trudeau's
statement the other day on monetary policies is nothing that should be coming from a PM.
Insurance going up due to changes in policies, i.e., climate change
Carbon tax is having impact due to fact cost of product includes the cost to produce and deliver the goods to Canadians
More Canadians are becoming house poor.
https://www.slideshare.net/paulyoungcga/cost-of-living-canada-july-2021
Electricity (impacted by carbon tax)
Labour rates going up
Payroll taxes going up
Other costs
24. 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
25. 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
26. 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
27. 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/
28. Audits – Pandemic
• Liberals rushed out many
programs without the proper
controls
• Liberals pandemic plan was a
failure. The liberals never did
thorough testing of any of their
crisis management plans -
https://www.slideshare.net/pauly
oungcga/why-there-needs-to-be-
audited-reports-of-crisis-
emergency-management-
policies-and-procedures
• Many programs had issues with
delivery
29. 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
30. 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)
31. 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
32. 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
33. 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
34. 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
35. 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
36. 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/
37. 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/
38. 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
39. Summary
• Broken Promises - https://www.slideshare.net/paulyoungcga/justin-trudeau-
era-of-broken-promises-and-deterioration-of-the-cost-of-living-for-canadians
• 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 or March 2021 -
https://www.slideshare.net/paulyoungcga/governance-model-canada-federal-
government-march-22-2021
• 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 or https://www.slideshare.net/paulyoungcga/key-
macro-and-micro-indicators-for-canada-december-2020-and-january-2021
40. 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