GDP | Canada| Analysis and Commentary| October 2021
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Summary: Real gross domestic product (GDP) rose 0.8% in October, following a 0.2% growth in September, as broad-based increases across sectors contributed to the fifth consecutive monthly expansion. Both goods-producing (+1.6%) and services-producing (+0.6%) industries were up, with 17 of 20 industrial sectors posting gains in October. Source - https://www150.statcan.gc.ca/n1/daily-quotidien/211223/dq211223a-eng.htm 1. GDP risks - https://www.forexlive.com/news/canada-october-gdp-08-vs-08-expected-20211223/ 2. Real Estate bubble - https://betterdwelling.com/canadas-gap-between-real-estate-prices-and-incomes-looks-ridiculous-beside-us-data/ 3. Household debt - https://betterdwelling.com/canadas-gap-between-real-estate-prices-and-incomes-looks-ridiculous-beside-us-data/ 4. Inflation - https://financialpost.com/opinion/opinion-ottawa-gets-an-inflation-dividend-the-rest-of-us-dont 5. Commodity Prices - https://www.reuters.com/markets/stocks/tsx-futures-rise-commodity-boost-easing-omicron-fears-2021-12-23/ 6. Supply chain - https://www.spglobal.com/platts/en/market-insights/latest-news/agriculture/122321-commodities-2022-domestic-supply-tightness-may-boost-canadas-wheat-prices 7. Farm - https://www.farmforum.net/story/news/columnists/2021/12/23/farm-profitability-top-story-2021/8974148002/ 8. Construction - https://www.on-sitemag.com/features/top-10-canadian-construction-trends-to-watch-in-2022/ 9. Manufacturing - https://www.reuters.com/world/americas/canadian-economy-posts-annualized-gain-54-q3-october-gdp-seen-up-08-2021-11-30/ 10. Employment - https://curiocity.com/report-over-40-of-canadians-ready-to-look-for-new-jobs-in-2022/
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GDP | Canada| Analysis and Commentary| September 2021
Blog – GDP – Canada – September 2021
Real gross domestic product (GDP) edged up 0.1% in September, as declines largely concentrated in manufacturing, construction and retail trade were more than offset by broad-based expansions in services-producing industries as well as in mining, quarrying and oil and gas extraction.
Preliminary information indicates that real GDP rebounded in October, up 0.8% with increases in most sectors. Manufacturing led the growth after contracting in September due in part to the effects of the semiconductor shortage. Other notable increases were in public sector, construction, finance and insurance, and transportation and warehousing. Because of its preliminary nature, this estimate will be revised on December 23, with the release of the official GDP data for the October reference month.
Overall, 12 of 20 industrial sectors were up in September, with growth in services-producing industries (+0.4%) more than offsetting a decline in goods-producing industries (-0.6%).
The continued global shortage of semiconductors and other supply chain disruptions markedly affected manufacturing and sales activity at a number of automotive-related industries across different industrial sectors in September.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/211130/dq211130b-eng.htm
What is next for the Global Economy| December 2021
Summary:
Global economy continues to face many headwinds like new variants or climate change or supply chain disruption or labor shortages or housing costs or high inflation or other geopolitical, fiscal, and economic issues and threats.
1. Income inequality - https://www.theguardian.com/business/2021/dec/07/global-inequality-western-imperialism-super-rich
2. Global Trade - https://www.weforum.org/agenda/2021/12/globalization-world-trade-bounce-back-from-covid-19/
3. Global economy - https://www.cityam.com/outlook-2022-global-economy/
4. Budget deficits - https://www.thebalance.com/u-s-federal-budget-breakdown-3305789
5. Geopolitical risks - https://www.geopoliticalmonitor.com/
6. Labor shortages - https://www.qualtrics.com/blog/labor-shortages/
7. Digital adoption - https://www.fiercetelecom.com/telecom/report-digital-transformation-spending-will-catapult-to-6-8-trillion-by-2023
8. Mega Trends - https://www.ishares.com/us/insights/megatrends-themes-to-watch
9. HR - https://www.gartner.com/en/human-resources/trends/top-priorities-for-hr-leaders
10. Retail spending - https://www.fitchratings.com/research/corporate-finance/fitch-ratings-2022-outlook-us-retail-06-12-2021
What is next for the Global Economy| November 2021
Many risks and threats are impacting the global economy
1. Global Labor Market - https://www.rappler.com/business/ilo-monitor-covid-19-world-work-8th-edition-october-27-2021
2. Supply chain disruption - https://www.ft.com/content/84c2555b-68f0-4654-bb73-d1b995d45bc2
3. Inflation - https://www.bloomberg.com/news/articles/2021-10-30/three-days-will-reveal-global-alert-level-on-inflation-eco-week
4. Inflation - https://www.bnnbloomberg.ca/charting-the-global-economy-inflation-builds-in-u-s-and-europe-1.1674336
5. Inflation - https://www.bnnbloomberg.ca/interest-rates-aren-t-the-only-weapon-in-global-inflation-fight-1.1673191
6. Global stocks - https://finance.yahoo.com/news/global-markets-global-stocks-dip-155738159.html
7. Commodity - https://markets.ft.com/data/commodities
8. Net zero target - https://www.ft.com/content/58a5379f-bb2a-42ad-8554-002b677a472e
9. IFRS - https://www.responsible-investor.com/articles/ifrs-group-sets-out-agenda-ahead-of-new-sustainability-standards-board
10. Automation - https://www.forbes.com/sites/bernardmarr/2021/11/01/the-8-biggest-business-trends-in-2022/?sh=74c49ca321da
11. Automation - https://min.news/en/tech/c11e635e601edbd40ae07c2d115b0982.html
What is next for the Global Economy| January 2022
Summary:
- Global inflation becoming a big issue for many countries
- Russia continues to pose a threat to the Ukraine
- Global supply chain continues to face disruption
1. Commodity risk – https://www.mining.com/web/commodities-to-veer-between-china-hopes-pandemic-fears-2/
2. Food - https://www.ctvnews.ca/business/food-manufacturers-start-to-cut-capacity-amid-labour-shortages-and-supply-chain-woes-1.5746345
3. LNG - https://www.bnnbloomberg.ca/cheniere-s-sabine-pass-sees-record-lng-flows-on-european-demand-1.1711280
4. Critical metals - https://www.nasdaq.com/articles/australian-strategic-materials-signs-critical-metals-supply-deal-with-s.korean-mining
5. Nickel - https://www.nxtmine.com/news/articles/base-metals/nickel/nickel-prices-are-at-11-year-highs-as-ev-demand-heats-up-can-we-find-enough-of-the-battery-metal-to-feed-the-beast/
6. Chip production - https://www.zdnet.com/article/intel-plans-for-largest-chip-manufacturing-site-in-the-world/
7. Freight costs - https://www.straitstimes.com/business/economy/shipping-rates-expected-to-stay-high-in-2022-stoking-inflation
8. Industry 4.0 - https://www.reseller.co.nz/article/694622/schneider-electric-eyes-industry-4-0-transformation-aveva-deal/
9. Lease accounting - https://www.cbiz.com/insights/articles/article-details/changes-in-lease-accounting-are-about-to-get-real-for-cre
10. Recycling - https://www.waste360.com/plastics/eastman-invest-1-billion-worlds-largest-molecular-plastics-recycling-facility-france
11. Recycling - https://www.waste360.com/plastics/eastman-invest-1-billion-worlds-largest-molecular-plastics-recycling-facility-france
12. Oil - https://www.hellenicshippingnews.com/sentiment-remains-bullish-as-oil-price-reaches-new-height/?__cf_chl_tk=qtBvdqPY5xNTKjOt5PyE6LnS0AyiztY6jKRQjcG9w6w-1642971575-0-gaNycGzNCH0
13. Sustainable supply chain - https://www.carbonchain.com/blog/5-reasons-to-calculate-your-supply-chain-carbon-footprint-and-how
Mitigation the impact of Climate Change while growing the Green and Circular ...
This document provides an agenda for discussing ways to mitigate climate change impacts while growing sustainable economies. It includes topics such as global GDP forecasts, critical metals, clean technology GDP trends, emissions data, forest and recycling practices of various countries, sustainable business rankings, the importance of plastics to GDP, taxation policies, and specific climate change issues like hurricanes, wildfires, and water management. Contact information is provided for Paul Young, the author, along with links to additional work and resources on related topics.
Food and Beverage Sector| Alcohol, Spirits, and Beer
This document provides an overview of the liquor, spirits, and beer industry presented by Paul Young, a CPA and CGA. It discusses recent sales trends in alcohol in Canada. It also summarizes the global spirit market and lists some of the top performing alcohol stocks. The document then covers topics like automation and emerging technologies that are impacting the food and beverage industry. It concludes with a discussion of challenges in corporate reporting and training resources available on Udemy.
GDP Analysis and Commentary - Canada - May 2022.pptx
Summary:
Canada’s economic expansion showed signs of moderation in May and June, pulling back from a strong start to the year in the face of high inflation and rising interest rates.
Output in June was on track for a small increase of 0.1 per cent after stalling in May, Statistics Canada said on Friday. That follows three months of strong growth between February and April that helped fuel a robust expansion in the second quarter, which the agency estimated at about 4.6 per cent annualized.
The results show a picture of an economy that was unscathed from the global slowdown in the first part of the year but may be entering a period of much slower growth.
The Bank of Canada has raised its benchmark policy rate by more than two percentage points since March to slow four-decade high inflation, and is expected to continue hiking by at least another half-percentage point at its next policy decision in September
Source - https://www.bnnbloomberg.ca/canada-s-economy-stalled-in-may-1.1798830
Dawn of a new era for Small-to Medium Size Public and Private Sectors Entities
Summary:
The pandemic has hammered small to medium-size businesses due to restrictions impose on their operations. More and more small businesses will move to digital model as part of managing their customers and supply chain.
Automation, data and AI, and security will be key areas of focus for small medium businesses as they grow their business but also mitigate against geopolitical threats.
ESG reporting will also become a requirement as consumers will want to know the ESG footprint for a small business as part of making their buying decisions.
1. Small businesses biggest threats - https://searchprosystems.com/despite-challenges-small-biz-stays-optimistic/
2. Predictions - https://www.uschamber.com/co/start/strategy/small-business-new-year-predictions/amp
3. ESG - https://www.sagecity.com/ca/sage_50_accounting_ca/b/sage_50_ca_supporthub_blog/posts/part-1-of-2-driving-climate-action-through-small-business
4. Risks - https://abcnews.go.com/US/stay-open-small-businesses-feeling-omicrons-effect/story?id=81990291
5. Tech adoption - http://elitebusinessmagazine.co.uk/technology/item/small-business-growth-will-be-built-on-tech-adoption
6. Transformation - https://userguiding.com/blog/digital-transformation-trends/
7. AI and small businesses - https://www.passionateinmarketing.com/in-2022-how-will-ai-ml-transform-small-businesses/
8. Cybersecurity threats - https://insights.samsung.com/2021/12/28/is-your-small-business-taking-mobile-security-seriously/ and https://moneyweek.com/economy/small-business/604265/how-to-fight-cyber-crime-in-your-small-business
9. Risk Mitigation - https://www.riskmanagementmonitor.com/
10. Monitoring and Small Businesses
11. Industry 4.0 - https://www.brisklogic.co/how-industry-4-0-and-digitization-improves-manufacturing/
12. Edge - https://bizversions.com/resources/how-ai-iot-and-edge-computing-can-improve-your-business-operations/
Recommended
GDP | Canada| Analysis and Commentary| September 2021
Blog – GDP – Canada – September 2021
Real gross domestic product (GDP) edged up 0.1% in September, as declines largely concentrated in manufacturing, construction and retail trade were more than offset by broad-based expansions in services-producing industries as well as in mining, quarrying and oil and gas extraction.
Preliminary information indicates that real GDP rebounded in October, up 0.8% with increases in most sectors. Manufacturing led the growth after contracting in September due in part to the effects of the semiconductor shortage. Other notable increases were in public sector, construction, finance and insurance, and transportation and warehousing. Because of its preliminary nature, this estimate will be revised on December 23, with the release of the official GDP data for the October reference month.
Overall, 12 of 20 industrial sectors were up in September, with growth in services-producing industries (+0.4%) more than offsetting a decline in goods-producing industries (-0.6%).
The continued global shortage of semiconductors and other supply chain disruptions markedly affected manufacturing and sales activity at a number of automotive-related industries across different industrial sectors in September.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/211130/dq211130b-eng.htm
What is next for the Global Economy| December 2021
Summary:
Global economy continues to face many headwinds like new variants or climate change or supply chain disruption or labor shortages or housing costs or high inflation or other geopolitical, fiscal, and economic issues and threats.
1. Income inequality - https://www.theguardian.com/business/2021/dec/07/global-inequality-western-imperialism-super-rich
2. Global Trade - https://www.weforum.org/agenda/2021/12/globalization-world-trade-bounce-back-from-covid-19/
3. Global economy - https://www.cityam.com/outlook-2022-global-economy/
4. Budget deficits - https://www.thebalance.com/u-s-federal-budget-breakdown-3305789
5. Geopolitical risks - https://www.geopoliticalmonitor.com/
6. Labor shortages - https://www.qualtrics.com/blog/labor-shortages/
7. Digital adoption - https://www.fiercetelecom.com/telecom/report-digital-transformation-spending-will-catapult-to-6-8-trillion-by-2023
8. Mega Trends - https://www.ishares.com/us/insights/megatrends-themes-to-watch
9. HR - https://www.gartner.com/en/human-resources/trends/top-priorities-for-hr-leaders
10. Retail spending - https://www.fitchratings.com/research/corporate-finance/fitch-ratings-2022-outlook-us-retail-06-12-2021
What is next for the Global Economy| November 2021
Many risks and threats are impacting the global economy
1. Global Labor Market - https://www.rappler.com/business/ilo-monitor-covid-19-world-work-8th-edition-october-27-2021
2. Supply chain disruption - https://www.ft.com/content/84c2555b-68f0-4654-bb73-d1b995d45bc2
3. Inflation - https://www.bloomberg.com/news/articles/2021-10-30/three-days-will-reveal-global-alert-level-on-inflation-eco-week
4. Inflation - https://www.bnnbloomberg.ca/charting-the-global-economy-inflation-builds-in-u-s-and-europe-1.1674336
5. Inflation - https://www.bnnbloomberg.ca/interest-rates-aren-t-the-only-weapon-in-global-inflation-fight-1.1673191
6. Global stocks - https://finance.yahoo.com/news/global-markets-global-stocks-dip-155738159.html
7. Commodity - https://markets.ft.com/data/commodities
8. Net zero target - https://www.ft.com/content/58a5379f-bb2a-42ad-8554-002b677a472e
9. IFRS - https://www.responsible-investor.com/articles/ifrs-group-sets-out-agenda-ahead-of-new-sustainability-standards-board
10. Automation - https://www.forbes.com/sites/bernardmarr/2021/11/01/the-8-biggest-business-trends-in-2022/?sh=74c49ca321da
11. Automation - https://min.news/en/tech/c11e635e601edbd40ae07c2d115b0982.html
What is next for the Global Economy| January 2022
Summary:
- Global inflation becoming a big issue for many countries
- Russia continues to pose a threat to the Ukraine
- Global supply chain continues to face disruption
1. Commodity risk – https://www.mining.com/web/commodities-to-veer-between-china-hopes-pandemic-fears-2/
2. Food - https://www.ctvnews.ca/business/food-manufacturers-start-to-cut-capacity-amid-labour-shortages-and-supply-chain-woes-1.5746345
3. LNG - https://www.bnnbloomberg.ca/cheniere-s-sabine-pass-sees-record-lng-flows-on-european-demand-1.1711280
4. Critical metals - https://www.nasdaq.com/articles/australian-strategic-materials-signs-critical-metals-supply-deal-with-s.korean-mining
5. Nickel - https://www.nxtmine.com/news/articles/base-metals/nickel/nickel-prices-are-at-11-year-highs-as-ev-demand-heats-up-can-we-find-enough-of-the-battery-metal-to-feed-the-beast/
6. Chip production - https://www.zdnet.com/article/intel-plans-for-largest-chip-manufacturing-site-in-the-world/
7. Freight costs - https://www.straitstimes.com/business/economy/shipping-rates-expected-to-stay-high-in-2022-stoking-inflation
8. Industry 4.0 - https://www.reseller.co.nz/article/694622/schneider-electric-eyes-industry-4-0-transformation-aveva-deal/
9. Lease accounting - https://www.cbiz.com/insights/articles/article-details/changes-in-lease-accounting-are-about-to-get-real-for-cre
10. Recycling - https://www.waste360.com/plastics/eastman-invest-1-billion-worlds-largest-molecular-plastics-recycling-facility-france
11. Recycling - https://www.waste360.com/plastics/eastman-invest-1-billion-worlds-largest-molecular-plastics-recycling-facility-france
12. Oil - https://www.hellenicshippingnews.com/sentiment-remains-bullish-as-oil-price-reaches-new-height/?__cf_chl_tk=qtBvdqPY5xNTKjOt5PyE6LnS0AyiztY6jKRQjcG9w6w-1642971575-0-gaNycGzNCH0
13. Sustainable supply chain - https://www.carbonchain.com/blog/5-reasons-to-calculate-your-supply-chain-carbon-footprint-and-how
Mitigation the impact of Climate Change while growing the Green and Circular ...
This document provides an agenda for discussing ways to mitigate climate change impacts while growing sustainable economies. It includes topics such as global GDP forecasts, critical metals, clean technology GDP trends, emissions data, forest and recycling practices of various countries, sustainable business rankings, the importance of plastics to GDP, taxation policies, and specific climate change issues like hurricanes, wildfires, and water management. Contact information is provided for Paul Young, the author, along with links to additional work and resources on related topics.
Food and Beverage Sector| Alcohol, Spirits, and Beer
This document provides an overview of the liquor, spirits, and beer industry presented by Paul Young, a CPA and CGA. It discusses recent sales trends in alcohol in Canada. It also summarizes the global spirit market and lists some of the top performing alcohol stocks. The document then covers topics like automation and emerging technologies that are impacting the food and beverage industry. It concludes with a discussion of challenges in corporate reporting and training resources available on Udemy.
GDP Analysis and Commentary - Canada - May 2022.pptx
Summary:
Canada’s economic expansion showed signs of moderation in May and June, pulling back from a strong start to the year in the face of high inflation and rising interest rates.
Output in June was on track for a small increase of 0.1 per cent after stalling in May, Statistics Canada said on Friday. That follows three months of strong growth between February and April that helped fuel a robust expansion in the second quarter, which the agency estimated at about 4.6 per cent annualized.
The results show a picture of an economy that was unscathed from the global slowdown in the first part of the year but may be entering a period of much slower growth.
The Bank of Canada has raised its benchmark policy rate by more than two percentage points since March to slow four-decade high inflation, and is expected to continue hiking by at least another half-percentage point at its next policy decision in September
Source - https://www.bnnbloomberg.ca/canada-s-economy-stalled-in-may-1.1798830
Dawn of a new era for Small-to Medium Size Public and Private Sectors Entities
Summary:
The pandemic has hammered small to medium-size businesses due to restrictions impose on their operations. More and more small businesses will move to digital model as part of managing their customers and supply chain.
Automation, data and AI, and security will be key areas of focus for small medium businesses as they grow their business but also mitigate against geopolitical threats.
ESG reporting will also become a requirement as consumers will want to know the ESG footprint for a small business as part of making their buying decisions.
1. Small businesses biggest threats - https://searchprosystems.com/despite-challenges-small-biz-stays-optimistic/
2. Predictions - https://www.uschamber.com/co/start/strategy/small-business-new-year-predictions/amp
3. ESG - https://www.sagecity.com/ca/sage_50_accounting_ca/b/sage_50_ca_supporthub_blog/posts/part-1-of-2-driving-climate-action-through-small-business
4. Risks - https://abcnews.go.com/US/stay-open-small-businesses-feeling-omicrons-effect/story?id=81990291
5. Tech adoption - http://elitebusinessmagazine.co.uk/technology/item/small-business-growth-will-be-built-on-tech-adoption
6. Transformation - https://userguiding.com/blog/digital-transformation-trends/
7. AI and small businesses - https://www.passionateinmarketing.com/in-2022-how-will-ai-ml-transform-small-businesses/
8. Cybersecurity threats - https://insights.samsung.com/2021/12/28/is-your-small-business-taking-mobile-security-seriously/ and https://moneyweek.com/economy/small-business/604265/how-to-fight-cyber-crime-in-your-small-business
9. Risk Mitigation - https://www.riskmanagementmonitor.com/
10. Monitoring and Small Businesses
11. Industry 4.0 - https://www.brisklogic.co/how-industry-4-0-and-digitization-improves-manufacturing/
12. Edge - https://bizversions.com/resources/how-ai-iot-and-edge-computing-can-improve-your-business-operations/
GDP | Canada| Analysis and Commentary| November 2021
Both services-producing (+0.6%) and goods-producing (+0.5%) industries were up, as 17 of 20 industrial sectors posted increases in November.
Advance information indicates that real GDP for December was essentially unchanged. Widespread increases led by the manufacturing, agriculture, forestry, fishing and hunting, utilities and wholesale trade sectors were offset by declines in the accommodation and food services, mining, quarrying, and oil and gas extraction and retail trade sectors. This advance information for real GDP by industry indicates a 1.6% uptick in the fourth quarter of 2021 and a rebound of 4.9% in the year following the pandemic-induced decline observed in 2020. Given their preliminary nature, these estimates will be updated on March 1, 2022 with the release of the official GDP data for December and the fourth quarter of 2021.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220201/dq220201a-eng.htm
1. Inflation and Canada – https://www.fool.ca/2022/01/31/holding-onto-tonnes-of-cash-heres-how-much-of-it-that-inflation-would-destroy-in-a-decade/
2. Housing - https://financialpost.com/real-estate/busting-the-myth-of-canadas-million-or-more-vacant-homes
3. Supply chain task force - https://canada.autonews.com/manufacturing/supply-chain-issues-be-tackled-new-federal-task-force
4. Mining - https://miningglobal.com/top10/top-10-countries-based-on-natural-resources
5. Electrical vehicles - https://ipolitics.ca/2022/01/31/lobby-wrap-auto-industry-wants-training-as-ev-sales-rise/
6. Middle class - https://www.usatoday.com/story/money/2022/01/31/lost-factory-jobs-make-harder-move-into-middle-class-report-says/9213089002/?gnt-cfr=1
7. Consumer spending - https://www.hellenicshippingnews.com/weaker-u-s-consumer-spending-rising-inflation-pose-dilemma-for-fed/
8. Commodity prices - https://www.hellenicshippingnews.com/commodity-prices-likely-to-be-hit-by-slowdown-before-end-of-2023/
9. ESG - https://www.reuters.com/business/sustainable-business/euroclear-teams-up-with-fintech-expand-esg-services-2022-01-31/
10. Insurance risk - https://www.insurancebusinessmag.com/us/news/environmental/environmental-insurance--what-are-the-concerns-323760.aspx
11. Geopolitical Risks - https://www.reuters.com/business/rising-geopolitical-tension-demand-send-oil-price-outlook-soaring-2022-01-31/
12. 2022-2023 – Budget - https://globalnews.ca/news/8585003/federal-budget-plan-2022/
Monetary Policy | Fiscal and Economic Policies| Public Sector| Government
This document provides an overview of monetary policy and its importance to government. It begins with an introduction of the author Paul Young and his background. The agenda then outlines topics to be covered, including definitions of monetary policy, discussions of inflation and producer prices in Canada, issues around housing, cost of living, household debt, GDP, and fiscal management. Slides and sources are referenced throughout to provide additional context. The overall message is that monetary policy and fiscal management should work in coordination to address economic challenges facing Canada.
What is Monetary Policy and How does Government deal with Monetary Policies
This document discusses monetary policy and why it is important to governments. It provides background on the author Paul Young and his expertise. The document then covers topics such as what monetary policy is, Canada's issues with inflation, housing costs and household debt levels. It argues that the Canadian government needs to consider monetary policies as part of fiscal management and that current inflation levels are a concern for the Bank of Canada.
Economic and Fiscal Scorecard| The United States| June 2021 and July 2021
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
What is next for the Global Economy| August 2021
Paul Young provides an agenda for discussing the world economy in August 2021. The agenda covers topics such as GDP growth, commodities, stock markets, geopolitical risks, unemployment rates, growth areas, COVID-19 deficit spending, infrastructure, the green economy, trade, eCommerce, and housing affordability. Sources are provided for each topic ranging from economic reports and forecasts to Paul's own blog posts and presentations.
Fiscal and Economic Scorecard - Canada - January 2022 and February 2022 .pptx
Blog – How is Canada’s Economy performing for February 2022 and January 2022
Here is my latest report on the health of Canadian economy. Chrystia Freeland continues to say the fundamentals are strong. If Ms. Freeland is referring to debt driven economy, then she is right. There are many challenges facing the Canadian economy:
a) Low productivity
b) Inability to develop natural resources in a sustainable way
c) The new climate change policies that are more about optics than sound policies
d) Food and energy crisis
e) High inflation
f) High household debt
g) Skills gaps and more business automation
h) Issues with attracting FDI
i) Lack of innovation investment within Canada
Geopolitical Events| Vaccines Distribution| Canada and the World| April 10, 2021
Many do not care about the facts as all you have to is watch how they cover areas of policies. @stephenharper was hammered in areas like veterans or poverty or middle class or inflation or H1N1 or other areas as compared to @JustinTrudeau who gets a free pass.
https://toronto.citynews.ca/2009/11/02/critics-say-harper-government-failed-miserably-on-swine-flu/
1. Both Harper and Chretien/Martin had plans for mitigation - https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6449094/. These plans could have gone further in terms of implementation.
2. USA, UK, and Israel continue to lead the develop markets in terms of the roll out - https://ig.ft.com/coronavirus-vaccine-tracker/?areas=gbr&areas=isr&areas=usa&areas=eue&cumulative=1&populationAdjusted=1
3. Vaccines passport will not play a role in initial opening of the economy (UK) - https://www.thechronicleherald.ca/news/world/vaccine-certificates-wont-play-a-role-in-the-initial-re-opening-of-englands-economy-minister-572475/
4. The private sector will continue to push back as part of saving heir livelihoods - https://apnews.com/article/thessaloniki-coronavirus-pandemic-athens-financial-markets-greece-4b6f54d49b6f242dfcc3d0e633ca85b5
5. Employment continues to change - https://www.economist.com/special-report/2021/04/08/labour-markets-are-working-but-also-changing
6. Middle class shrunk in 2020 - https://ca.finance.yahoo.com/finance/video/millions-tumble-middle-class-090235229.html
7. Income equality gaps have risen - https://www.wsj.com/articles/as-u-s-economy-roars-back-life-in-many-poor-countries-gets-worse-11617874201
8. Geopolitical risks - https://www.ft.com/content/c8644714-2bc0-4dad-80ec-5c0282aea76e
9. IT and geopolitical risks - https://www.forbes.com/sites/worldeconomicforum/2021/04/07/7-views-on-how-technology-will-shape-geopolitics/?sh=7da98ca931e7
10. GDP/OECD - https://commonslibrary.parliament.uk/research-briefings/sn02784/
What is next for Monetary Policies - Canada - September 2022.pptx
Blog – What is next for Monetary Policies – Canada – September 2022
Canada has struggled with productivity issues for over 20 years. The liberals have done little address productivity including making changes to tax code related to capital cost allowance, R&D credits, training credits, etc.
Canada lock down strategy and stimulus has led to higher inflation. Liberals never had a plan to pull back on the stimulus through targeted measures that would better support improving supply chain, productivity, skills gap, and innovation
Canadian dollar has hit a two-year low,
Canada housing market was artificially kept high for years. The housing prices continue to fall.
Canada needs to revamp its tax and regulatory policies as part of getting goods out of the ground to market
What is next for the Global Economy| March 2021
Blog – Global Economy – March 2021
1. China/GDP - https://www.bloomberg.com/news/articles/2021-03-07/why-china-can-t-end-its-romance-with-gdp-growth-target
2. USA/GDP - https://www.cnbc.com/2021/03/02/10percent-gdp-growth-the-us-economy-is-on-fire-and-is-about-to-get-stoked-even-more.html
3. Canada / GDP - https://www.bnnbloomberg.ca/frankly-stunning-gdp-growth-puts-bank-of-canada-in-the-hot-seat-1.1570915
4. Geo-political risks - https://www.mckinsey.com/business-functions/risk/our-insights/covid-19-implications-for-business
5. Inflation - https://www.livemint.com/news/world/inflation-is-already-creeping-into-some-corners-of-the-world-11615508051827.html
6. Global Protectionism - https://www.arabnews.com/node/1292551/business-economy
7. Supply Chain - https://blog.procurify.com/2021/03/02/4-major-issues-facing-your-supply-chain-manager/
8. Plans / Supply Chain - https://www.lmcins.com/blog/supply-chain-disruption-lessons-from-pandemic
9. Debt / Defaults - https://economictimes.indiatimes.com/news/international/business/global-debt-crisis-unlikely-in-near-term-despite-more-defaults-sp/articleshow/81445995.cms
10. Mining / Risks - https://www.miningglobal.com/top10/top-10-business-risks-and-opportunities-mining-2021/geopolitics
What is next for Natural Gas - Canada - January 2023.pptx
Blog – Natural Gas (Energy Sector) – Analysis and Commentary – January 2023
Natural gas projects continue to expand around the world - https://www.lngindustry.com/liquid-natural-gas/23012023/totalenergies-starts-integrated-gas-strategy-in-oman/ or https://globalnews.ca/news/9425213/energy-lng-cenovus-europe-supply-gas/
Heating costs continue to take a bite out of household budgets - https://realestate.usnews.com/real-estate/articles/how-to-reduce-your-home-heating-costs or https://rmi.org/a-severe-winter-means-high-energy-bills/
Investments in hydrogen continue to expand around the world - https://energynews.biz/japan-to-produce-hydrogen-using-nuclear-energy/
Moving towards green solutions - https://financialpost.com/pmn/business-pmn/bidens-next-climate-hurdle-enticing-americans-to-buy-green
ESG and Sustainable Reporting continues to move forward. https://www.esgthereport.com/how-to-reduce-risk-with-a-sustainable-business-model/
Premier Doug Ford era for Ontario
This presentation discusses key issues facing Ontario and outlines steps for moving forward. It analyzes employment, GDP, manufacturing, mining, housing, electricity rates, and government revenues and expenses under previous administrations. The presentation argues Ontario needs reforms in healthcare, education, manufacturing, natural resources, housing, digitization, arbitration, pensions, support for small/medium businesses, supply chains, environmental protection, and transit. It calls for mandatory crisis/risk reporting across government to build a more resilient province.
Hospitality and Food Services Sector - January 2023.pptx
Blog – Food and Drinking Places Analysis and Commentary for January 2023
Top innovation for the food and drinking sector – https://www.lovethatdesign.com/article/hospitality-innovation-summit-2023-top-takeaways-on-the-future-of-hospitality-in-the-middle-east/
Improving crop yields in a sustainable way is key to addressing both food costs and security - https://www.producer.com/news/crop-yields-can-be-increased-sustainably-nutrien/
Food waste - https://finance.yahoo.com/news/food-waste-management-industry-players-083000704.html
Water and Food Production - https://www.spglobal.com/esg/insights/featured/special-editorial/how-global-food-producers-are-responding-to-rising-water-stress
Top 10 restaurant trends - https://fooddigital.com/articles/top-10-restaurant-trends-for-2023
Food prices and food security - https://www.wfp.org/news/food-inflation-and-currency-collapse-threaten-food-security-middle-east-and-north-africa
Food costs and vertical farming - https://www.wfp.org/news/food-inflation-and-currency-collapse-threaten-food-security-middle-east-and-north-africa
Restaurant and automation - https://www.thecaterer.com/business/technology/spotlight-robots-automation
Mitigation the impact of Climate Change while growing the Green and Circular ...
Summary:
I have always been environmentalist. I am about solutions that protect the environment while growing the economy in a sustainable way.
I have also raised concerns with practices that relate to urban planning, forest management, land utilization, water management, and air quality.
I have been against carbon taxation/pricing as it punishes those that can least afford higher prices.
I am also concerns that governments around the world are not developing policies that better support the green and circular economy. The focus on policy should encourage innovation, capital investment, upgrading of skills, standardization of ESG reporting, and the streamlining of regulations. Government should not be focuses solely on handing out subsidies and direct grants to a particular business or industry. The focus should be on policies every organization would have access to as part of managing their close, consolidate, and reporting cycle.
Wages and Job Vacancies (Job Quality) - Canada - July 2021
Average weekly earnings decreased 1.0% to $1,125 from May to June, partly because the employment gains were concentrated in lower-paying sectors. The largest employment gains in June were in the two sectors with the lowest average weekly earnings: accommodation and food services ($457 per week) and retail trade ($643 per week).
While average weekly earnings were down in June compared with May, they were 7.6% higher than in February 2020. This increase reflects a number of factors, including changes in the composition of employment by type of employee (hourly or salaried) and changes in the overall employment distribution by sector.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/210826/dq210826a-eng.htm
Bank of Canada - What is next for Monetary Policies - May 2022.pptx
The document discusses monetary policy and its importance to governments. It provides an overview of monetary policy, how the Bank of Canada implements monetary policies, and some of the key challenges currently facing the Canadian economy, including high inflation, rising housing costs, and high household debt levels. The author expresses concerns that inflation may remain elevated in Canada due to factors like carbon tax increases, infrastructure investment needs, and ongoing supply chain issues.
What is next for Monetary Policies - Canada - October 2022.pptx
Blog – What is next for Monetary Policies – Canada – October 2022
Inflation especially food costs continue to impact global consumers. Countries like Canada have targeted an inflation rate of 2.1%. The current inflation rate is about 6.9%, or about three times the target rate. Canada is schedule to hike payroll taxes and carbon taxes in 2023 - https://www.cbc.ca/news/canada/newfoundland-labrador/ken-mcdonald-carbon-tax-exemption-home-heating-1.6628460
Housing prices continue to fall. Housing affordability continues to be challenge for people around the world - https://www.bnnbloomberg.ca/the-daily-chase-looking-ahead-toward-boc-announcement-canopy-looks-to-grow-u-s-footprint-1.1836958
Slower demand has improved port throughput, but there are still issues with lack of capacity to manage exports and imports. https://www.manilatimes.net/2022/10/26/business/maritime/iaph-takes-steps-to-close-port-gaps/1863673
Canada was seeing slow growth back in 2019. The Liberals policies did little to address issues with innovation, skills, productivity, regulations, and tax reforms. Liberals decided to focus on bigger government! https://www.slideshare.net/paulyoungcga/201-election-canada-and-world-slow-economic-growth-august-2019
BOC and other reserve banks need to think extremely hard about rising of interest rates. The threat of global recession grows each day. BOC would be better off to pause interest rates and look at other areas of policies as part of managing monetary government. The federal government should be focus on drastic policy changes including pausing all new tax hikes including hikes to CPP, EI, and carbon tax. The focus should be on addressing issues with port capacity, promoting more innovation, productivity improvements, skills gap, housing supply, and streamlining of taxation and regulations as it relates to the goods-producing sector.
Bank of Canada - What is next for Monetary Policies - June 2022.pptx
Last month Deputy Governor Gravelle described the bank’s 1% overnight rate as “too stimulative” and the same could be said of today’s 1.5%. Indeed, the policy statement noted that with the economy in excess demand and inflation well above target and still yet to peak, “interest rates will need to rise further.” It finished by saying the bank is “prepared to act more forcefully if needed”—that’s not new language for the BoC but it’s new to the policy statement.
Source - https://ca.rbcwealthmanagement.com/103.branch/blog/3368558-Bank-of-Canada-hikes-interest-rates-another-50-bps-and-isnt-done-yet
What is next for the Global Economy| April 2021
Blog – Global Economy – April 2021
1. Risks/Supply Chain - https://deloitte.wsj.com/riskandcompliance/2021/03/30/supply-chain-reboot-recalibrate-risk-deploy-tools/
2. GDP Growth - https://www.cnbc.com/2021/03/30/imf-kristalina-georgieva-on-global-growth-after-us-stimulus-and-vaccines.html
3. Global Poverty - https://www.gavi.org/vaccineswork/equality-global-poverty-how-covid-19-affecting-societies-and-economies
4. Inflation - https://www.barrons.com/articles/inflation-is-coming-why-it-could-be-here-to-stay-51617377274
5. Mortgage defaults – https://finance.yahoo.com/news/mortgage-firms-warned-prepare-tidal-204414646.html
6. Global Risks - https://www.bcg.com/en-ca/publications/2021/advantages-of-geopolitical-risk-management-organizations-and-processes
7. Technology disruption - https://www.resolver.com/blog/risks-disruptive-innovation-technology/
8. Regulatory risks - https://home.kpmg/im/en/home/insights/2021/03/key-regulatory-challenges-of-2021.html
9. https://www.willistowerswatson.com/en-US/Insights/trending-topics/climate-risk-and-resilience
10. Pension risks - https://www.mercer.ca/en/newsroom/pension-plans-highest-in-20-years.html
Path Forward for all levels of Government (Public Sector)
1. Transit funding - https://ca.proactiveinvestors.com/companies/news/952433/train-services-facing-big-cuts-to-cover-funding-shortfall-952433.html
2. Property tax hikes - https://saskatoon.ctvnews.ca/proposed-saskatoon-property-tax-increase-would-help-pay-for-bus-rapid-transit-curbside-organics-programs-report-1.5475259
3. Government debt - https://www.theafricareport.com/97986/can-africa-turn-government-debt-from-burden-to-solution/
4. Standard of living - https://ca.finance.yahoo.com/news/standard-of-living-is-lower-in-the-us-because-of-national-debt-expert-174941849.html
5. Infrastructure - https://www.marketwatch.com/story/less-state-debt-but-a-lost-decade-for-u-s-infrastructure-spending-s-p-finds-11623782158
6. Taxation - https://www.caymancompass.com/2021/06/07/g7-agrees-on-15-minimum-corporate-tax-rate/
7. ESG - https://www.information-age.com/how-tech-sector-measuring-esg-impacts-123495422/
8. AI - https://cio.economictimes.indiatimes.com/news/next-gen-technologies/how-ai-in-finance-is-transforming-the-way-we-interact-with-money/82698338
9. Big government - https://www.thegazette.com/opinion/the-era-of-big-government-is-back-and-iowa-wants-a-cut-of-the-largesse/
10. GDP - https://www2.deloitte.com/us/en/insights/economy/global-economic-outlook/weekly-update.html
Merchandise Trade|Canada| September 2021
Canada's merchandise exports decreased 2.3% in September, while imports were down 3.0%. Both declines were largely due to the shortage of semiconductor chips and their impact on the production of motor vehicles in North America.
Canada's merchandise trade surplus widened from $1.5 billion in August to $1.9 billion in September, a fourth consecutive monthly surplus. It is also the seventh monthly surplus recorded so far in 2021.
https://www150.statcan.gc.ca/n1/daily-quotidien/211104/dq211104a-eng.htm
1. Critical metals - https://www.mining.com/nova-scotias-mining-focus-expands-into-critical-minerals/
2. OPEC - https://www.cnbc.com/2021/11/04/opec-members-likely-to-hold-firm-on-slow-oil-output-despite-international-pressure-.html
3. USA and Canadian oil - https://www.canadianenergycentre.ca/a-matter-of-fact-more-canadian-oil-could-be-helping-the-u-s-right-now/
4. Lumber - https://www.woodbusiness.ca/record-high-us-lumber-prices-shifted-global-lumber-trade-flows-in-h1-2021-wri/
5. Ring of Fire - https://republicofmining.com/2021/10/18/road-to-ring-of-fire-is-green-national-priority-for-ontario-and-canada-by-stan-sudol/
6. Climate change - https://nationtalk.ca/story/canadas-natural-resources-sector-should-be-a-climate-action-model-at-united-nations-cop26
7. Supply chain - https://www.saanichnews.com/business/as-trade-bottlenecks-weigh-on-economy-liberals-urged-to-help-reshape-supply-chains/
8. Supply chain - https://eiexchange.com/content/building-a-stronger-supply-chain-lessons-from-the-crisis?amp
9. Commodity prices - https://www.ebrd.com/news/2021/high-commodity-prices-threaten-recovery-gains-ebrd-says.html
10. Battery - https://www.bloomberg.com/news/articles/2021-11-04/the-commodity-boom-is-starting-to-push-battery-prices-higher
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
Canadian retail sales dropped 0.3% in August, the first decline since March, as higher interest rates start to impact household budgets. Seven of the nine retail subsectors saw sales increases in July, led by food and beverage retailers, while motor vehicle and parts dealers saw the largest decrease. Excluding autos, retail sales in July rose 1%, double expectations. The report suggests Canadians are tightening spending as more face higher mortgage payments and gas prices due to Bank of Canada rate hikes aimed at slowing inflation.
Addressing issues with the Public Sector Governance Model.pptx
The key challenges facing Australian business leaders in 2023 include:
1. Talent acquisition, retention and training staff for digital transformation.
2. Implementing successful digital transformation while managing cyber risks.
3. Adapting to changing regulations and reporting requirements.
Health risks from COVID-19, social reputation concerns, and disruptive emerging technologies are also significant social challenges impacting Australian businesses. Over the next 3-5 years, talent management for digitization, cybersecurity, digital transformation, regulatory changes, and identifying new growth opportunities will be the top challenges according to business leaders.
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Similar to GDP | Canada| Analysis and Commentary| October 2021
GDP | Canada| Analysis and Commentary| November 2021
Both services-producing (+0.6%) and goods-producing (+0.5%) industries were up, as 17 of 20 industrial sectors posted increases in November.
Advance information indicates that real GDP for December was essentially unchanged. Widespread increases led by the manufacturing, agriculture, forestry, fishing and hunting, utilities and wholesale trade sectors were offset by declines in the accommodation and food services, mining, quarrying, and oil and gas extraction and retail trade sectors. This advance information for real GDP by industry indicates a 1.6% uptick in the fourth quarter of 2021 and a rebound of 4.9% in the year following the pandemic-induced decline observed in 2020. Given their preliminary nature, these estimates will be updated on March 1, 2022 with the release of the official GDP data for December and the fourth quarter of 2021.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220201/dq220201a-eng.htm
1. Inflation and Canada – https://www.fool.ca/2022/01/31/holding-onto-tonnes-of-cash-heres-how-much-of-it-that-inflation-would-destroy-in-a-decade/
2. Housing - https://financialpost.com/real-estate/busting-the-myth-of-canadas-million-or-more-vacant-homes
3. Supply chain task force - https://canada.autonews.com/manufacturing/supply-chain-issues-be-tackled-new-federal-task-force
4. Mining - https://miningglobal.com/top10/top-10-countries-based-on-natural-resources
5. Electrical vehicles - https://ipolitics.ca/2022/01/31/lobby-wrap-auto-industry-wants-training-as-ev-sales-rise/
6. Middle class - https://www.usatoday.com/story/money/2022/01/31/lost-factory-jobs-make-harder-move-into-middle-class-report-says/9213089002/?gnt-cfr=1
7. Consumer spending - https://www.hellenicshippingnews.com/weaker-u-s-consumer-spending-rising-inflation-pose-dilemma-for-fed/
8. Commodity prices - https://www.hellenicshippingnews.com/commodity-prices-likely-to-be-hit-by-slowdown-before-end-of-2023/
9. ESG - https://www.reuters.com/business/sustainable-business/euroclear-teams-up-with-fintech-expand-esg-services-2022-01-31/
10. Insurance risk - https://www.insurancebusinessmag.com/us/news/environmental/environmental-insurance--what-are-the-concerns-323760.aspx
11. Geopolitical Risks - https://www.reuters.com/business/rising-geopolitical-tension-demand-send-oil-price-outlook-soaring-2022-01-31/
12. 2022-2023 – Budget - https://globalnews.ca/news/8585003/federal-budget-plan-2022/
Monetary Policy | Fiscal and Economic Policies| Public Sector| Government
This document provides an overview of monetary policy and its importance to government. It begins with an introduction of the author Paul Young and his background. The agenda then outlines topics to be covered, including definitions of monetary policy, discussions of inflation and producer prices in Canada, issues around housing, cost of living, household debt, GDP, and fiscal management. Slides and sources are referenced throughout to provide additional context. The overall message is that monetary policy and fiscal management should work in coordination to address economic challenges facing Canada.
What is Monetary Policy and How does Government deal with Monetary Policies
This document discusses monetary policy and why it is important to governments. It provides background on the author Paul Young and his expertise. The document then covers topics such as what monetary policy is, Canada's issues with inflation, housing costs and household debt levels. It argues that the Canadian government needs to consider monetary policies as part of fiscal management and that current inflation levels are a concern for the Bank of Canada.
Economic and Fiscal Scorecard| The United States| June 2021 and July 2021
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
What is next for the Global Economy| August 2021
Paul Young provides an agenda for discussing the world economy in August 2021. The agenda covers topics such as GDP growth, commodities, stock markets, geopolitical risks, unemployment rates, growth areas, COVID-19 deficit spending, infrastructure, the green economy, trade, eCommerce, and housing affordability. Sources are provided for each topic ranging from economic reports and forecasts to Paul's own blog posts and presentations.
Fiscal and Economic Scorecard - Canada - January 2022 and February 2022 .pptx
Blog – How is Canada’s Economy performing for February 2022 and January 2022
Here is my latest report on the health of Canadian economy. Chrystia Freeland continues to say the fundamentals are strong. If Ms. Freeland is referring to debt driven economy, then she is right. There are many challenges facing the Canadian economy:
a) Low productivity
b) Inability to develop natural resources in a sustainable way
c) The new climate change policies that are more about optics than sound policies
d) Food and energy crisis
e) High inflation
f) High household debt
g) Skills gaps and more business automation
h) Issues with attracting FDI
i) Lack of innovation investment within Canada
Geopolitical Events| Vaccines Distribution| Canada and the World| April 10, 2021
Many do not care about the facts as all you have to is watch how they cover areas of policies. @stephenharper was hammered in areas like veterans or poverty or middle class or inflation or H1N1 or other areas as compared to @JustinTrudeau who gets a free pass.
https://toronto.citynews.ca/2009/11/02/critics-say-harper-government-failed-miserably-on-swine-flu/
1. Both Harper and Chretien/Martin had plans for mitigation - https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6449094/. These plans could have gone further in terms of implementation.
2. USA, UK, and Israel continue to lead the develop markets in terms of the roll out - https://ig.ft.com/coronavirus-vaccine-tracker/?areas=gbr&areas=isr&areas=usa&areas=eue&cumulative=1&populationAdjusted=1
3. Vaccines passport will not play a role in initial opening of the economy (UK) - https://www.thechronicleherald.ca/news/world/vaccine-certificates-wont-play-a-role-in-the-initial-re-opening-of-englands-economy-minister-572475/
4. The private sector will continue to push back as part of saving heir livelihoods - https://apnews.com/article/thessaloniki-coronavirus-pandemic-athens-financial-markets-greece-4b6f54d49b6f242dfcc3d0e633ca85b5
5. Employment continues to change - https://www.economist.com/special-report/2021/04/08/labour-markets-are-working-but-also-changing
6. Middle class shrunk in 2020 - https://ca.finance.yahoo.com/finance/video/millions-tumble-middle-class-090235229.html
7. Income equality gaps have risen - https://www.wsj.com/articles/as-u-s-economy-roars-back-life-in-many-poor-countries-gets-worse-11617874201
8. Geopolitical risks - https://www.ft.com/content/c8644714-2bc0-4dad-80ec-5c0282aea76e
9. IT and geopolitical risks - https://www.forbes.com/sites/worldeconomicforum/2021/04/07/7-views-on-how-technology-will-shape-geopolitics/?sh=7da98ca931e7
10. GDP/OECD - https://commonslibrary.parliament.uk/research-briefings/sn02784/
What is next for Monetary Policies - Canada - September 2022.pptx
Blog – What is next for Monetary Policies – Canada – September 2022
Canada has struggled with productivity issues for over 20 years. The liberals have done little address productivity including making changes to tax code related to capital cost allowance, R&D credits, training credits, etc.
Canada lock down strategy and stimulus has led to higher inflation. Liberals never had a plan to pull back on the stimulus through targeted measures that would better support improving supply chain, productivity, skills gap, and innovation
Canadian dollar has hit a two-year low,
Canada housing market was artificially kept high for years. The housing prices continue to fall.
Canada needs to revamp its tax and regulatory policies as part of getting goods out of the ground to market
What is next for the Global Economy| March 2021
Blog – Global Economy – March 2021
1. China/GDP - https://www.bloomberg.com/news/articles/2021-03-07/why-china-can-t-end-its-romance-with-gdp-growth-target
2. USA/GDP - https://www.cnbc.com/2021/03/02/10percent-gdp-growth-the-us-economy-is-on-fire-and-is-about-to-get-stoked-even-more.html
3. Canada / GDP - https://www.bnnbloomberg.ca/frankly-stunning-gdp-growth-puts-bank-of-canada-in-the-hot-seat-1.1570915
4. Geo-political risks - https://www.mckinsey.com/business-functions/risk/our-insights/covid-19-implications-for-business
5. Inflation - https://www.livemint.com/news/world/inflation-is-already-creeping-into-some-corners-of-the-world-11615508051827.html
6. Global Protectionism - https://www.arabnews.com/node/1292551/business-economy
7. Supply Chain - https://blog.procurify.com/2021/03/02/4-major-issues-facing-your-supply-chain-manager/
8. Plans / Supply Chain - https://www.lmcins.com/blog/supply-chain-disruption-lessons-from-pandemic
9. Debt / Defaults - https://economictimes.indiatimes.com/news/international/business/global-debt-crisis-unlikely-in-near-term-despite-more-defaults-sp/articleshow/81445995.cms
10. Mining / Risks - https://www.miningglobal.com/top10/top-10-business-risks-and-opportunities-mining-2021/geopolitics
What is next for Natural Gas - Canada - January 2023.pptx
Blog – Natural Gas (Energy Sector) – Analysis and Commentary – January 2023
Natural gas projects continue to expand around the world - https://www.lngindustry.com/liquid-natural-gas/23012023/totalenergies-starts-integrated-gas-strategy-in-oman/ or https://globalnews.ca/news/9425213/energy-lng-cenovus-europe-supply-gas/
Heating costs continue to take a bite out of household budgets - https://realestate.usnews.com/real-estate/articles/how-to-reduce-your-home-heating-costs or https://rmi.org/a-severe-winter-means-high-energy-bills/
Investments in hydrogen continue to expand around the world - https://energynews.biz/japan-to-produce-hydrogen-using-nuclear-energy/
Moving towards green solutions - https://financialpost.com/pmn/business-pmn/bidens-next-climate-hurdle-enticing-americans-to-buy-green
ESG and Sustainable Reporting continues to move forward. https://www.esgthereport.com/how-to-reduce-risk-with-a-sustainable-business-model/
Premier Doug Ford era for Ontario
This presentation discusses key issues facing Ontario and outlines steps for moving forward. It analyzes employment, GDP, manufacturing, mining, housing, electricity rates, and government revenues and expenses under previous administrations. The presentation argues Ontario needs reforms in healthcare, education, manufacturing, natural resources, housing, digitization, arbitration, pensions, support for small/medium businesses, supply chains, environmental protection, and transit. It calls for mandatory crisis/risk reporting across government to build a more resilient province.
Hospitality and Food Services Sector - January 2023.pptx
Blog – Food and Drinking Places Analysis and Commentary for January 2023
Top innovation for the food and drinking sector – https://www.lovethatdesign.com/article/hospitality-innovation-summit-2023-top-takeaways-on-the-future-of-hospitality-in-the-middle-east/
Improving crop yields in a sustainable way is key to addressing both food costs and security - https://www.producer.com/news/crop-yields-can-be-increased-sustainably-nutrien/
Food waste - https://finance.yahoo.com/news/food-waste-management-industry-players-083000704.html
Water and Food Production - https://www.spglobal.com/esg/insights/featured/special-editorial/how-global-food-producers-are-responding-to-rising-water-stress
Top 10 restaurant trends - https://fooddigital.com/articles/top-10-restaurant-trends-for-2023
Food prices and food security - https://www.wfp.org/news/food-inflation-and-currency-collapse-threaten-food-security-middle-east-and-north-africa
Food costs and vertical farming - https://www.wfp.org/news/food-inflation-and-currency-collapse-threaten-food-security-middle-east-and-north-africa
Restaurant and automation - https://www.thecaterer.com/business/technology/spotlight-robots-automation
Mitigation the impact of Climate Change while growing the Green and Circular ...
Summary:
I have always been environmentalist. I am about solutions that protect the environment while growing the economy in a sustainable way.
I have also raised concerns with practices that relate to urban planning, forest management, land utilization, water management, and air quality.
I have been against carbon taxation/pricing as it punishes those that can least afford higher prices.
I am also concerns that governments around the world are not developing policies that better support the green and circular economy. The focus on policy should encourage innovation, capital investment, upgrading of skills, standardization of ESG reporting, and the streamlining of regulations. Government should not be focuses solely on handing out subsidies and direct grants to a particular business or industry. The focus should be on policies every organization would have access to as part of managing their close, consolidate, and reporting cycle.
Wages and Job Vacancies (Job Quality) - Canada - July 2021
Average weekly earnings decreased 1.0% to $1,125 from May to June, partly because the employment gains were concentrated in lower-paying sectors. The largest employment gains in June were in the two sectors with the lowest average weekly earnings: accommodation and food services ($457 per week) and retail trade ($643 per week).
While average weekly earnings were down in June compared with May, they were 7.6% higher than in February 2020. This increase reflects a number of factors, including changes in the composition of employment by type of employee (hourly or salaried) and changes in the overall employment distribution by sector.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/210826/dq210826a-eng.htm
Bank of Canada - What is next for Monetary Policies - May 2022.pptx
The document discusses monetary policy and its importance to governments. It provides an overview of monetary policy, how the Bank of Canada implements monetary policies, and some of the key challenges currently facing the Canadian economy, including high inflation, rising housing costs, and high household debt levels. The author expresses concerns that inflation may remain elevated in Canada due to factors like carbon tax increases, infrastructure investment needs, and ongoing supply chain issues.
What is next for Monetary Policies - Canada - October 2022.pptx
Blog – What is next for Monetary Policies – Canada – October 2022
Inflation especially food costs continue to impact global consumers. Countries like Canada have targeted an inflation rate of 2.1%. The current inflation rate is about 6.9%, or about three times the target rate. Canada is schedule to hike payroll taxes and carbon taxes in 2023 - https://www.cbc.ca/news/canada/newfoundland-labrador/ken-mcdonald-carbon-tax-exemption-home-heating-1.6628460
Housing prices continue to fall. Housing affordability continues to be challenge for people around the world - https://www.bnnbloomberg.ca/the-daily-chase-looking-ahead-toward-boc-announcement-canopy-looks-to-grow-u-s-footprint-1.1836958
Slower demand has improved port throughput, but there are still issues with lack of capacity to manage exports and imports. https://www.manilatimes.net/2022/10/26/business/maritime/iaph-takes-steps-to-close-port-gaps/1863673
Canada was seeing slow growth back in 2019. The Liberals policies did little to address issues with innovation, skills, productivity, regulations, and tax reforms. Liberals decided to focus on bigger government! https://www.slideshare.net/paulyoungcga/201-election-canada-and-world-slow-economic-growth-august-2019
BOC and other reserve banks need to think extremely hard about rising of interest rates. The threat of global recession grows each day. BOC would be better off to pause interest rates and look at other areas of policies as part of managing monetary government. The federal government should be focus on drastic policy changes including pausing all new tax hikes including hikes to CPP, EI, and carbon tax. The focus should be on addressing issues with port capacity, promoting more innovation, productivity improvements, skills gap, housing supply, and streamlining of taxation and regulations as it relates to the goods-producing sector.
Bank of Canada - What is next for Monetary Policies - June 2022.pptx
Last month Deputy Governor Gravelle described the bank’s 1% overnight rate as “too stimulative” and the same could be said of today’s 1.5%. Indeed, the policy statement noted that with the economy in excess demand and inflation well above target and still yet to peak, “interest rates will need to rise further.” It finished by saying the bank is “prepared to act more forcefully if needed”—that’s not new language for the BoC but it’s new to the policy statement.
Source - https://ca.rbcwealthmanagement.com/103.branch/blog/3368558-Bank-of-Canada-hikes-interest-rates-another-50-bps-and-isnt-done-yet
What is next for the Global Economy| April 2021
Blog – Global Economy – April 2021
1. Risks/Supply Chain - https://deloitte.wsj.com/riskandcompliance/2021/03/30/supply-chain-reboot-recalibrate-risk-deploy-tools/
2. GDP Growth - https://www.cnbc.com/2021/03/30/imf-kristalina-georgieva-on-global-growth-after-us-stimulus-and-vaccines.html
3. Global Poverty - https://www.gavi.org/vaccineswork/equality-global-poverty-how-covid-19-affecting-societies-and-economies
4. Inflation - https://www.barrons.com/articles/inflation-is-coming-why-it-could-be-here-to-stay-51617377274
5. Mortgage defaults – https://finance.yahoo.com/news/mortgage-firms-warned-prepare-tidal-204414646.html
6. Global Risks - https://www.bcg.com/en-ca/publications/2021/advantages-of-geopolitical-risk-management-organizations-and-processes
7. Technology disruption - https://www.resolver.com/blog/risks-disruptive-innovation-technology/
8. Regulatory risks - https://home.kpmg/im/en/home/insights/2021/03/key-regulatory-challenges-of-2021.html
9. https://www.willistowerswatson.com/en-US/Insights/trending-topics/climate-risk-and-resilience
10. Pension risks - https://www.mercer.ca/en/newsroom/pension-plans-highest-in-20-years.html
Path Forward for all levels of Government (Public Sector)
1. Transit funding - https://ca.proactiveinvestors.com/companies/news/952433/train-services-facing-big-cuts-to-cover-funding-shortfall-952433.html
2. Property tax hikes - https://saskatoon.ctvnews.ca/proposed-saskatoon-property-tax-increase-would-help-pay-for-bus-rapid-transit-curbside-organics-programs-report-1.5475259
3. Government debt - https://www.theafricareport.com/97986/can-africa-turn-government-debt-from-burden-to-solution/
4. Standard of living - https://ca.finance.yahoo.com/news/standard-of-living-is-lower-in-the-us-because-of-national-debt-expert-174941849.html
5. Infrastructure - https://www.marketwatch.com/story/less-state-debt-but-a-lost-decade-for-u-s-infrastructure-spending-s-p-finds-11623782158
6. Taxation - https://www.caymancompass.com/2021/06/07/g7-agrees-on-15-minimum-corporate-tax-rate/
7. ESG - https://www.information-age.com/how-tech-sector-measuring-esg-impacts-123495422/
8. AI - https://cio.economictimes.indiatimes.com/news/next-gen-technologies/how-ai-in-finance-is-transforming-the-way-we-interact-with-money/82698338
9. Big government - https://www.thegazette.com/opinion/the-era-of-big-government-is-back-and-iowa-wants-a-cut-of-the-largesse/
10. GDP - https://www2.deloitte.com/us/en/insights/economy/global-economic-outlook/weekly-update.html
Merchandise Trade|Canada| September 2021
Canada's merchandise exports decreased 2.3% in September, while imports were down 3.0%. Both declines were largely due to the shortage of semiconductor chips and their impact on the production of motor vehicles in North America.
Canada's merchandise trade surplus widened from $1.5 billion in August to $1.9 billion in September, a fourth consecutive monthly surplus. It is also the seventh monthly surplus recorded so far in 2021.
https://www150.statcan.gc.ca/n1/daily-quotidien/211104/dq211104a-eng.htm
1. Critical metals - https://www.mining.com/nova-scotias-mining-focus-expands-into-critical-minerals/
2. OPEC - https://www.cnbc.com/2021/11/04/opec-members-likely-to-hold-firm-on-slow-oil-output-despite-international-pressure-.html
3. USA and Canadian oil - https://www.canadianenergycentre.ca/a-matter-of-fact-more-canadian-oil-could-be-helping-the-u-s-right-now/
4. Lumber - https://www.woodbusiness.ca/record-high-us-lumber-prices-shifted-global-lumber-trade-flows-in-h1-2021-wri/
5. Ring of Fire - https://republicofmining.com/2021/10/18/road-to-ring-of-fire-is-green-national-priority-for-ontario-and-canada-by-stan-sudol/
6. Climate change - https://nationtalk.ca/story/canadas-natural-resources-sector-should-be-a-climate-action-model-at-united-nations-cop26
7. Supply chain - https://www.saanichnews.com/business/as-trade-bottlenecks-weigh-on-economy-liberals-urged-to-help-reshape-supply-chains/
8. Supply chain - https://eiexchange.com/content/building-a-stronger-supply-chain-lessons-from-the-crisis?amp
9. Commodity prices - https://www.ebrd.com/news/2021/high-commodity-prices-threaten-recovery-gains-ebrd-says.html
10. Battery - https://www.bloomberg.com/news/articles/2021-11-04/the-commodity-boom-is-starting-to-push-battery-prices-higher
Similar to GDP | Canada| Analysis and Commentary| October 2021 (20)
GDP | Canada| Analysis and Commentary| November 2021
GDP | Canada| Analysis and Commentary| November 2021
Monetary Policy | Fiscal and Economic Policies| Public Sector| Government
Monetary Policy | Fiscal and Economic Policies| Public Sector| Government
What is Monetary Policy and How does Government deal with Monetary Policies
What is Monetary Policy and How does Government deal with Monetary Policies
Economic and Fiscal Scorecard| The United States| June 2021 and July 2021
Economic and Fiscal Scorecard| The United States| June 2021 and July 2021
Fiscal and Economic Scorecard - Canada - January 2022 and February 2022 .pptx
Fiscal and Economic Scorecard - Canada - January 2022 and February 2022 .pptx
Geopolitical Events| Vaccines Distribution| Canada and the World| April 10, 2021
Geopolitical Events| Vaccines Distribution| Canada and the World| April 10, 2021
What is next for Monetary Policies - Canada - September 2022.pptx
What is next for Monetary Policies - Canada - September 2022.pptx
What is next for Natural Gas - Canada - January 2023.pptx
What is next for Natural Gas - Canada - January 2023.pptx
Hospitality and Food Services Sector - January 2023.pptx
Hospitality and Food Services Sector - January 2023.pptx
Mitigation the impact of Climate Change while growing the Green and Circular ...
Mitigation the impact of Climate Change while growing the Green and Circular ...
Wages and Job Vacancies (Job Quality) - Canada - July 2021
Wages and Job Vacancies (Job Quality) - Canada - July 2021
Bank of Canada - What is next for Monetary Policies - May 2022.pptx
Bank of Canada - What is next for Monetary Policies - May 2022.pptx
What is next for Monetary Policies - Canada - October 2022.pptx
What is next for Monetary Policies - Canada - October 2022.pptx
Bank of Canada - What is next for Monetary Policies - June 2022.pptx
Bank of Canada - What is next for Monetary Policies - June 2022.pptx
Path Forward for all levels of Government (Public Sector)
Path Forward for all levels of Government (Public Sector)
More from paul young cpa, cga
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
Canadian retail sales dropped 0.3% in August, the first decline since March, as higher interest rates start to impact household budgets. Seven of the nine retail subsectors saw sales increases in July, led by food and beverage retailers, while motor vehicle and parts dealers saw the largest decrease. Excluding autos, retail sales in July rose 1%, double expectations. The report suggests Canadians are tightening spending as more face higher mortgage payments and gas prices due to Bank of Canada rate hikes aimed at slowing inflation.
Addressing issues with the Public Sector Governance Model.pptx
The key challenges facing Australian business leaders in 2023 include:
1. Talent acquisition, retention and training staff for digital transformation.
2. Implementing successful digital transformation while managing cyber risks.
3. Adapting to changing regulations and reporting requirements.
Health risks from COVID-19, social reputation concerns, and disruptive emerging technologies are also significant social challenges impacting Australian businesses. Over the next 3-5 years, talent management for digitization, cybersecurity, digital transformation, regulatory changes, and identifying new growth opportunities will be the top challenges according to business leaders.
Global Housing Market Analysis and Commentary- September 2023.pptx
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
What is next for the Mining Sector.pptx
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/
Manufacturing Sector – United States – August 2023.pptx
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.pptx
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.
Manufacturing Sector – Canada – September 2023.pptx
- Canadian manufacturing sales increased 1.6% in July, led by higher sales in food products, petroleum and coal products, and transportation equipment. Paper and plastics sales decreased the most.
- Inventory levels increased slightly while unfilled orders decreased, pointing to a potential slowdown.
- The manufacturing sector in Canada will continue to face challenges such as global economic uncertainty, rising costs, supply chain issues, climate change risks, and skills shortages.
Electricity Analysis - Canada and the OECD - June 2023.pptx
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/
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...
The document provides an overview of key metrics and trends in the logistics, warehousing, distribution, and transportation sector. It includes data on consumer price index, diesel fuel costs, freight indexes, e-commerce sales, retail sales, class 8 truck sales, EPA emissions standards, trailer sales, and tonnage. It also discusses supply chain management solutions like planning analytics, blockchain, and AI assistants. Finally, it touches on topics like infrastructure spending, automation, and ESG reporting.
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...
United States retail sales rose 0.6% in August despite flat sales at internet retailers after Amazon Prime Day. Most of the increase was due to higher gasoline prices. While consumer spending has been strong, higher interest rates and a slowdown in hiring are expected to restrain purchases in the coming months. Forecasters predict the 2023 holiday shopping season could be the weakest in five years due to economic challenges facing consumers. The retail sector continues facing inventory management challenges and social governance issues.
How to improve the Governance Model for the Public Sector - United States - S...
This document provides a summary of strategies to improve governance in government. It discusses factors that impact governance like transparency and accountability. It recommends using performance audits to assess key performance indicators and ensure recommendations are implemented. Other strategies include improving data ethics and literacy, mitigating geopolitical risks, adopting ESG reporting, and using technology like audit analytics and AI to enhance governance. The overall goal is for government to deliver programs and tax policies with value for money and transparency.
What is next for Agriculture Sector - August 2023.pptx
This document provides an analysis of the agriculture output and equipment sector for August 2023. It includes discussions of commodity prices, crop estimates, energy prices, food prices, farming incomes, top farming states, food processors, and the role of technology and government in farming. Key points covered include rising input costs challenging farmers, preliminary crop estimates for Canada, volatility in oil and diesel prices impacting farm expenses, and opportunities for data and automation to help address issues in the agriculture industry.
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...
This document provides an overview and agenda for a presentation on the biotech, pharmaceutical, and healthcare sector. It includes:
- An introduction and biography of presenter Paul Young CPA CGA
- An agenda covering topics like vaccine production, drug discovery, innovation in areas like storage and AI, and the life sciences strategy
- Links and summaries of information on these topics, including the top vaccine manufacturers, regulations in Canada, and growth in the pharmaceutical market
The presentation aims to discuss key areas of the biotech/pharmaceutical sector including vaccine development and production, drug discovery, innovation, and strategies for the life sciences industry. Links and outside sources are provided to support the topics in the agenda.
Better Public Safety Management using Analytics - September 2023.pptx
This document discusses using analytics to improve public safety management. It outlines rising public safety costs for governments and key issues facing policing like complex crimes and accountability. The document presents crime rate data for Canada and discusses building machine learning models in SPSS and dashboards in Cognos Analytics to analyze police data and forecast expenses. Finally, it lists potential next steps for crime in Canada like bail and corrections reforms, gun control, and increased police oversight.
Stock Market Analysis and Commentary for WE September 9 2023.pptx
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.
Workforce Planning and Employment Analysis - August 2023.pptx
The document discusses workforce planning and employment analysis. It provides an overview of employment statistics in the United States, Canada, and Australia. It then discusses Sysco's workforce planning model and the role of the CFO in workforce planning. Finally, it defines autonomous finance as the automation of financial operations through software and algorithms, and provides some key statistics on its adoption.
Global Automotive - Analysis and Commentary - August 2023.pptx
This presentation provides an overview of key trends in the global automotive sector in August 2023. It discusses 1) sales trends in Canada, the US and globally, 2) the growth of electric vehicles and focus on reducing emissions, and 3) ongoing transformation in the industry through automation, connectivity and new technologies. Sources included discuss topics like electric vehicle production and adoption, public safety issues regarding EV fires, gasoline and car prices, supply chain challenges, and green transitions in transportation.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...
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.
World Merchandise Trade – September 2023.pptx
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.pptx
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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一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
永久可查学历认证【微信：A575476】【美国新罕布什尔大学(unh)毕业证成绩单Offer】【微信：A575476】（留信学历认证永久存档查询）采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
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5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
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一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
RMIT硕士学位证成绩单【微信95270640】《皇家墨尔本理工大学毕业证书》《QQ微信95270640》学位证书电子版：在线制作皇家墨尔本理工大学毕业证成绩单GPA修改（制作RMIT毕业证成绩单RMIT文凭证书样本）、皇家墨尔本理工大学毕业证书与成绩单样本图片、《RMIT学历证书学位证书》、皇家墨尔本理工大学毕业证案例毕业证书制作軟體、在线制作加拿大硕士学历证书真实可查.
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我们对海外大学及学院的毕业证成绩单所使用的材料尺寸大小防伪结构（包括：皇家墨尔本理工大学皇家墨尔本理工大学本科学位证成绩单隐形水印阴影底纹钢印LOGO烫金烫银LOGO烫金烫银复合重叠。文字图案浮雕激光镭射紫外荧光温感复印防伪）都有原版本文凭对照。质量得到了广大海外客户群体的认可同时和海外学校留学中介做到与时俱进及时掌握各大院校的（毕业证成绩单资格证结业证录取通知书在读证明等相关材料）的版本更新信息能够在第一时间掌握最新的海外学历文凭的样版尺寸大小纸张材质防伪技术等等并在第一时间收集到原版实物以求达到客户的需求。
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1比1复刻(ksu毕业证书)美国堪萨斯州立大学毕业证本科文凭证书原版一模一样
原版定制【微信:bwp0011】《(ksu毕业证书)美国堪萨斯州立大学毕业证本科文凭证书》【微信:bwp0011】成绩单 、雅思、外壳、留信学历认证永久存档查询，采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信bwp0011】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信bwp0011】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
【关于价格问题（保证一手价格）】
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
Detailed power point presentation on compound interest and how it is calculated
Detailed information about compund interest
一比一原版宾夕法尼亚大学毕业证(UPenn毕业证书)学历如何办理
挂科购买【微信号:176555708】【挂科购买(UPenn毕业证书)】【微信号:176555708】《成绩单、外壳、offer、真实留信官方学历认证（永久存档/真实可查）》采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【我们承诺采用的是学校原版纸张（纸质、底色、纹路）我们拥有全套进口原装设备，特殊工艺都是采用不同机器制作，仿真度基本可以达到100%，所有工艺效果都可提前给客户展示，不满意可以根据客户要求进行调整，直到满意为止！】
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信号:176555708】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信号:176555708】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
留信网服务项目：
1、留学生专业人才库服务（留信分析）
2、国（境）学习人员提供就业推荐信服务
3、留学人员区块链存储服务
【关于价格问题（保证一手价格）】
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
选择实体注册公司办理，更放心，更安全！我们的承诺：客户在留信官方认证查询网站查询到认证通过结果后付款，不成功不收费！
13 Jun 24 ILC Retirement Income Summit - slides.pptx
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
Who Is Abhay Bhutada, MD of Poonawalla Fincorp
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
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Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
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May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
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原件一模一样【微信：bwp0011】《(RWTH毕业证书)德国亚琛工业大学毕业证》【微信：bwp0011】学位证，留信认证（真实可查，永久存档）原件一模一样纸张工艺/offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
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1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问微bwp0011
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四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
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◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
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3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
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原版一模一样【微信：741003700 】【美国迈阿密大学牛津分校毕业证文凭证书】【微信：741003700 】学位证，留信认证（真实可查，永久存档）offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原海外各大学 Bachelor Diploma degree, Master Degree Diploma
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
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GDP | Canada| Analysis and Commentary| October 2021
- 1. GDP ANALYSIS AND COMMENTARY – CANADA – OCTOBER 2021 Paul Young CPA CGA December 23, 2021
- 2. PAUL YOUNG - BIO • CPA, CGA • Academia (PF1, FA4, FN2, MU1. and MS2) • SME – Risk Management • SME – Close, Consolidate and Reporting • SME – Public Policy • SME – Emerging Technology • SME – Business Process Change • SME – Financial Solutions • SME – Macro/Micro Indicators • SME – Supply Chain Management • 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 / March 26, 2021 • Summary • Education/Skills Development
- 4. GDP FORECAST Source – Scotiabank and Government of Canada
- 6. G D P B Y I N D U S T R Y
- 7. GDP BY INDUSTRY Source – Stats Canada
- 8. PER CAPITA INCOME / CANADA
- 9. 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
- 10. 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
- 11. STOCK MARKET – STOCK DECEMBER 17, 2021 Stocks fell on Friday to extend Thursday's losses, with equities ending a volatile week in the red as investors assessed the ongoing risk of the Omicron variant and the Federal Reserve's signals for potentially multiple interest rate hikes next year. Source - https://www.slideshare.net/paulyoungcga/what-is-up-with-stock-marklet-december-17-2021 and - https://ca.finance.yahoo.com/news/stock-market-news-live-updates-december-17-2021-231504646.html
- 12. SUMMARY • Canada still has no budget including a fiscal anchor - https://www.slideshare.net/paulyoungcga/fiscal- management-cycle-analysis-and-commentary-canada • High debt levels are putting the economy at risk not just in Canada but around the world - https://www.slideshare.net/paulyoungcga/debt-issues-global-debt-crisis-analysis-and-commentary- 243199347 • There are about 1.5M unemployed Canadians in sector that pay less than the average wage - https://www.slideshare.net/paulyoungcga/wages-and-employment-canada-january-2021. Moving these employees into the next generation of jobs will be very costly in terms of training - https://www.slideshare.net/paulyoungcga/human-capital-management-skills-development-analysis-and-commentary- february-2021 or https://www.slideshare.net/paulyoungcga/wages-and-employment-canada-february-2021
- 13. 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