Mining and Quarrying led the GDP growth in the goods producing sector Manufacturing was sluggish due to supply chain and commodity price issues Transportation sector seen large growth due to reopening of the economy

1. GDP ANALYSIS AND
COMMENTARY – CANADA –
FEBRUARY 2022
Paul Young CPA CGA
April 29, 2022

2. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos

3. AGENDA
• GDP Forecast
• G7 GDP
• Employment Growth vs GDP Growth
• GDP by Industry
• GDP per capita
• Blog / Slow Growth
• Blog / Circular Economy
• Stock Market
• Supply Chain
• Green Inflation with the Circular and Green Economy
• Automation
• Summary
• Education/Skills Development

4. GDP
FORECAST
Source – Scotiabank and
Government of Canada
BNS_Forecast.pdf

5. G7 GDP GROWTH

6. GDP BY INDUSTRY
GDP by Sector -
NAICS - February 2022.pdf
Advance information indicates that real GDP increased 0.5% for March. Client-facing industries led the growth on
continued reopening of activities and easing of restrictions put in place at the onset of Omicron variant. Increases
were also recorded in the manufacturing and construction sectors. The wholesale sector posted a decline. This
advance information for real GDP by industry indicates a 1.4% increase in the first quarter of 2022. Owing to their
preliminary nature, these estimates will be updated on May 31 with the release of the official GDP data for March and
the first quarter of 2022.
https://www150.statcan.gc.ca/n1/daily-quotidien/220429/dq220429a-eng.htm

7. GDP (MONTH OVER MONTH)
Source – Stats Canada

8. GDP BY INDUSTRY
Source – Stats Canada

9. PER CAPITA INCOME / CANADA
GDP per income and
expenditure.pdf

10. BLOG – SLOW GROWTH
• Canada’s economy went from 3% in 2017 to 1.9% in 2019. The USA economy grew at 2.2% in 2019.
• Canada took $1B surplus YTD Nov/15 and turned that into 15B+ deficit for growth on average of 2.0%. The CPC
were averaging 2.3% growth post-2009 recession.
• Goods-service sector lags the service sector in terms of job growth
• All levels of government have not prioritized the supply chain including making key products strategic to the
health of the economy - https://www.slideshare.net/paulyoungcga/how-to-reshore-supply-chain-management
Here is my previous work on the economy:
• 2016 https://www.slideshare.net/paulyoungcga/2016-november-2016-gdp-gross-domestic-product-canada
• 2018 https://www.slideshare.net/paulyoungcga/gdp-canada-the-real-truth
• Oct/19 - https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp
• Dec/20 https://www.slideshare.net/paulyoungcga/scorecard-and-gdp-canada-december-2020-and-november-2020
• Pandemic
• https://www.slideshare.net/paulyoungcga/how-best-to-managed-a-pandemic-february-14-2021

11. CIRCULAR ECONOMY AND THE
ENVIRONMENT
Here is a brief look at the circular economy. Data, AI, security, and platform can play a key role in
supporting the low-carbon economy. https://www.slideshare.net/paulyoungcga/how-to-maximized-
the-circular-economy-249424158

12. SUMMARY
PRESENTATION TITLE 12
Summary:
Summary:
The stock market sold off sharply Friday, as bond yields hit new highs, reflecting the Federal Reserve’s intent to rapidly
hike short-term interest rates. The 2-year Treasury yield closed at a new multi-year high.
The Dow Jones Industrial Average closed down 981 points, or 2.8%, while the S&P 500 was down 2.8%. The Nasdaq
Composite fell 2.6%. The Dow had its worst day since October 28, 2020.
Source https://www.barrons.com/articles/stock-market-today-51650617605 and
https://www.slideshare.net/paulyoungcga/what-is-up-with-the-stock-market-april-21-2022pptx
Stock market news
live updates Stocks extend losses as investors weigh hawkish Powell remarks, more corporate earnings.pdf
Analysis Growth
slowdown fears temper bullishness on commodity currencies Reuters.pdf
How war in Ukraine is
reshaping global order – Harvard Gazette.pdf
Global public debt to
fall to 94.4% of GDP in 2022 IMF.pdf
Opinion The Russian
Invasion of Ukraine in Context Global Risk Insights.pdf
Will the Housing
Market Crash .pdf
Peterborough letter
Housing crisis isn’t a partisan issue ThePeterboroughExaminer.com.pdf
Agritech investments
needed now to shore up B.C. food security - Commentary Business in Vancouver.pdf
Robotic Disruption in
US Workforce Leads to New Opportunities and Challenges RoboticsTomorrow.pdf
Weekly roundup
monetary policy will determine greenflation - Green Central Banking.pdf
Free Markets vs.
Green Energy - WSJ.pdf
Financial insecurity is
the next great health crisis Modern Healthcare.pdf
How technology can
help solve the healthcare affordability crisis.pdf
Shanghai’s Plan to
Reboot the Supply Chain Will Hit Workers Hardest WIRED.pdf
Stagflation Threat Is
Latest Nail-Biter For Retailers.pdf
Why Is the Stock
Market Down Today Dow Dropped Nearly 1,000 Points as Bond Yields Rose. Barron's.pdf
v
Blog – Stock Market – WE April 21, 2022
Hawks Still
Circling.pdf
Stock market news
live updates Stocks extend losses as investors weigh hawkish Powell remarks, more corporate earnings.pdf
WestpacWeekly.pdf China Economic.pdf
Summary:
The stock market sold off sharply Friday, as bond yields hit new highs, reflecting the Federal
Reserve’s intent to rapidly hike short-term interest rates. The 2-year Treasury yield closed at a
new multi-year high.
The Dow Jones Industrial Average closed down 981 points, or 2.8%, while the S&P 500 was
down 2.8%. The Nasdaq Composite fell 2.6%. The Dow had its worst day since October 28,
2020.
Source https://www.barrons.com/articles/stock-market-today-51650617605
1. Commodity Price - https://www.reuters.com/business/finance/growth-slowdown-fears-temper-
bullishness-commodity-currencies-2022-04-21/
2. Global GDP - https://news.harvard.edu/gazette/story/2022/04/how-war-in-ukraine-is-
reshaping-global-order/
3. Government Debt - https://www.aa.com.tr/en/economy/global-public-debt-to-fall-to-944-of-
gdp-in-2022-imf/2570337
4. Geopolitical Risks - https://globalriskinsights.com/2022/04/opinion-the-russian-invasion-of-
ukraine-in-context/
5. Housing bubble - https://clark.com/homes-real-estate/housing-market-crash/ and
https://www.thepeterboroughexaminer.com/opinion/letters-to-the-
editors/2022/04/22/peterborough-letter-housing-crisis-isnt-a-partisan-issue.html
6. Food - https://biv.com/article/2022/04/agritech-investments-needed-now-shore-bc-food-
security

13. CANADA AND STOCK MARKET
PRESENTATION TITLE 13
Hawks Still
Circling.pdf

14. UNITED STATES – STOCK MARKET
PRESENTATION TITLE 14
Stock market news
live updates Stocks extend losses as investors weigh hawkish Powell rem

15. PRESENTATION TITLE 15
Summary:
Stocks surged into the close reversing earlier losses on Friday as investors took in earnings results from some major tech
companies and another hot print on inflation at the end of another volatile week.
The S&P 500 closed up 2.4%, posting a weekly advance and ending a three-week losing streak. The the Dow ended
higher by 1.65%, and Nasdaq gained 3%.
Technology stocks led the way higher as Apple (AAPL) jumped after the iPhone-maker reported record quarterly sales
and better-than-expected profits despite supply chain challenges. Meanwhile, Robinhood (HOOD) shares shook off
overnight losses to trade higher after the trading platform missed on quarterly revenue, posted a larger-than-expected
quarterly decline in users, and offered disappointing guidance.
Source - https://ca.finance.yahoo.com/news/stock-market-news-live-updates-january-28-2022-231329863.html
1. Stock Market - https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-market-rally-steps-up-as-apple-
leads-but-be-wary-5-key-earnings/
2. Commodity - https://capital.com/commodity-supercycle-explained
3. Geopolitical risks - https://www.eurasiagroup.net/issues/top-risks-2022
4. Income inequality - https://www.advisor.ca/news/economic/income-inequality-improved-to-record-low-in-q3/
5. GDP Growth - https://insurancenewsnet.com/oarticle/gdp-growth-in-2021-signals-a-strong-economic-recovery
6. Housing - https://www.stuff.co.nz/life-style/homed/real-estate/127530138/new-zealands-runaway-housing-market-not-unique-
globally
7. Pensions - https://www.pionline.com/industry-voices/commentary-what-could-mandatory-temperature-alignment-mean-uk-
pension-funds
8. Insurance - https://www.insurancebusinessmag.com/au/news/breaking-news/allianz-boss-lifts-lid-on-risk-barometer-323651.aspx
9. ESG - https://www.wealthprofessional.ca/news/industry-news/canadas-biggest-public-companies-are-lagging-on-esg-
reporting/363539
10. Consumer spending - https://ca.finance.yahoo.com/news/u-consumer-spending-drops-inflation-135649366.html
Blog – Stock Market – W/E – January 28, 2022
globalweekahead202
20128.pdf
weekly-economic-wat
ch_20222801.pdf
BottomLine_20220128
.pdf
CFIB Small Business
Barometer (January 2022).pdf
Stock Equity - WE -
January 28 2022.pdf
WestpacWeekly20220
131.pdf
Commentary What
could mandatory temperature alignment mean for U.K. pension funds Pensions & Investments.pdf
Allianz boss lifts lid
on Risk Barometer Insurance Business Australia.pdf
Canada's biggest
public companies are lagging on ESG reporting Wealth Professional.pdf
U.S. Consumer
Spending Drops With Inflation Hitting 40-Year High.pdf
Stock market news
live updates Stock gains accelerate into the close S&P 500 adds 2.4%.pdf
Dow Jones Futures
Market Rally Steps Up As Apple Leads, But Be Wary; 5 Key Earnings Investor's Business Daily.pdf
What is a commodity
supercycle and are we in one right now .pdf
Eurasia Group Top
Risks 2022.pdf
Income inequality
improved to record low in Q3 Advisor's Edge.pdf
GDP Growth In 2021
Signals A Strong Economic Recovery - InsuranceNewsNet.pdf
New Zealand's
runaway housing market not unique globally Stuff.co.nz.pdf
Summary:
Stocks surged into the close reversing earlier losses on Friday as investors took in earnings
results from some major tech companies and another hot print on inflation at the end of another
volatile week.
The S&P 500 closed up 2.4%, posting a weekly advance and ending a three-week losing streak.
The the Dow ended higher by 1.65%, and Nasdaq gained 3%.
Technology stocks led the way higher as Apple (AAPL) jumped after the iPhone-maker reported
record quarterly sales and better-than-expected profits despite supply chain challenges.
Meanwhile, Robinhood (HOOD) shares shook off overnight losses to trade higher after the
trading platform missed on quarterly revenue, posted a larger-than-expected quarterly decline in
users, and offered disappointing guidance.
Source - https://ca.finance.yahoo.com/news/stock-market-news-live-updates-january-28-2022-
231329863.html
1. Stock Market - https://www.investors.com/market-trend/stock-market-today/dow-jones-
futures-market-rally-steps-up-as-apple-leads-but-be-wary-5-key-earnings/
2. Commodity - https://capital.com/commodity-supercycle-explained
3. Geopolitical risks - https://www.eurasiagroup.net/issues/top-risks-2022
4. Income inequality - https://www.advisor.ca/news/economic/income-inequality-improved-to-
record-low-in-q3/

16. SUPPLY CHAIN
https://www.slideshare.net/paulyoungcga/how-to-reshore-supply-chain-and-build-a-resilient-supply-chain-251040548
Farmers are seeing higher input costs
CAN trails countries like AUS in in terms of developing natural resources in a sustainable way
Food processors are struggling with labor shortages.
USA is becoming a world leader in LNG

17. GREEN INFLATION AND THE CIRCULAR AND GREEN ECONOMY
I have written many presentations and blogs on the circular and green economies. My biggest frustration is that policy focus
has been to narrow in areas of carbon tax and more regulations. The main drivers of environment are land, water, forest
management, air quality, and waste management. Technology can play a role with protecting the environment without taxing
and overregulating the economy to death. We need to protect the environment while growing an inclusive economy.
I believe more focus should be on the tax act, R&D, strategic partnerships, standardization of ESG reporting, risk, and crisis
management, reforming the WTO, and better urban and rural planning. Countries that are highest polluters should be forced
to change their ways!
https://www.slideshare.net/paulyoungcga/protecting-the-environment-through-proper-policies-relate-to-green-and-
circular-economy

18. AUTOMATION
Frost & Sullivan’s recent analysis finds that Internet of Things (IoT) adoption is growing in India. Backed by strong
connectivity and coverage, rising internet penetration, a surge in smart applications adoption, new business models,
and government initiatives such as smart city projects, the Indian IoT market is expected to reach $9.28 billion by
2025 from $4.98 billion in 2020. Pandemic-triggered changes in enterprise behavior and verticals’ focus on
automation are driving the market.
https://www.canadianmanufacturing.com/manufacturing/pandemic-accelerated-digital-transformation-and-
adoption-of-automation-fuel-global-iot-market-277565/
India along with other countries will continue to adopt IoT as part of 5G network expansion!
This ties nicely into my work on Industry 4.0 - https://ibm.box.com/s/rsp6p9tez8uru9fo0wu5d13bxt7rtrr0

19. SUMMARY
• Canada had a structural deficit pre-covid 19 of $15B - https://www.nasdaq.com/articles/canada-pms-deal-with-
opposition-party-raises-deficit-inflation-alarm-bells and https://www.slideshare.net/paulyoungcga/canada-fiscal-
management-deficit-and-debt-january-2022pptx
• Trudeau promised a thriving economy that would leave no one behind. That has not been the case as more and more
Canadians are struggling with high household debt - https://www.mpamag.com/ca/news/general/statcan-household-
mortgage-debt-continues-to-mount/399682
• Trudeau move Canada GDP to debt driven through higher real estate and public spending -
https://www.slideshare.net/paulyoungcga/search_my_uploads?type=&new=&q=GDP
• Trudeau policies did little to improve competitiveness - https://www.slideshare.net/paulyoungcga/how-to-improve-
canada-global-competitiveness-251338416
Blog – Canada – GDP by NAICS – February 2022
GDP by Sector -
NAICS - February 2022.pdf
R
eal g r o ss d o m est ic p r o d u ct (GDP
) r ose 1.1% in F
eb r u ar y, t h e
lar g est m o n t h ly g r o w t h r at e sin ce M ar ch 2021, as b r o ad -b ased
in cr eases acr o ss m o st sect o r s co n t r ib u t ed t o t h e n in t h
co n secu t ive m o n t h ly exp an sio n in eco n om ic o u t p u t
Bo t h ser vices-p r o d u cin g (+0.9%
) an d g o o d s-p r o d u cin g (+1.5%
)
in d u st r ies w er e u p , as 16 o f 20 in d u st r ial sect o r s exp an d ed in
F
eb r u ar y.
Ad van ce in f or m at io n in d icat es t h at r eal GDP in cr eased 0.5% f or
M ar ch . C
lien t -f acin g in d u st r ies led t h e g r o w t h o n con t in u ed
r eo p en in g o f act ivit ies an d easin g o f r est r ict io n s p u t in p lace at
t h e o n set o f Om icr o n var ian t . I n cr eases w er e also r eco r d ed in t h e
m an u f act u r in g an d co n st r u ct io n sect o r s. Th e w h o lesale sect or
p o st ed a d eclin e. Th is ad van ce in f o r m at io n f or r eal GDP b y
in d u st r y in d icat es a 1.4% in cr ease in t h e f ir st q u ar t er o f 2022.
Ow in g t o t h eir p r elim in ar y n at u r e, t h ese est im at es w ill b e u p d at ed
o n M ay 31 w it h t h e r elease o f t h e o f f icial GDP d at a f o r M ar ch an d
t h e f ir st q u ar t er o f 2022.
https://www150.statcan.gc.ca/n1/daily-quotidien/220429/dq220429a-eng.htm
BNS forecast
BNS_Forecast.pdf

20. TRAINING AND DEVELOPMENT
• 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)
• These subjects address
how to fixed issues with
housing and/or systemic
issues related to economy
including government
policies