The liberal ran on a platform saying they would make things more affordable. This presentation discuss key policy changes as part of people assessing did the Liberals make lives either more affordable or less affordable
Justin Trudeau and Liberals| Have Liberal Policies made things more Affordabl...paul young cpa, cga
This presentation looks at key areas of household budgets. Trudeau ran on a campaign back in 2015 that he would make things more affordable for Canadians.
Bottom Line: A variety of special factors landed on an already tough base effect to produce the highest reading on Canadian inflation in almost two decades in July. It is important to note that even with the gaudy headline readings, the two-year pace—which removes base effects—is still running close to 2% on most major measures. And, we remain comfortable with our forecasts on CPI for this year and next; we had been calling for an average rate of 3% this year and just a snick below in 2022 (2.9% to be precise). Having said all that, it is always notable when the surprises all land on one side of the ledger—the high side—and that has been the case for most the year in North American price readings. Risks remain to the high side on inflation until further notice.
Source – BMO - https://economics.bmo.com/en/publications/detail/bf88c408-2bca-4efa-b4ea-05fc1cc6d2af/
1. Gasoline Prices / Canada - https://globalnews.ca/news/8101013/covid-19-delta-variant-gas-prices-canada/
2. Housing costs - https://www.theglobeandmail.com/business/article-canadas-inflation-rate-jumps-to-37-in-july-on-rising-housing-costs/
3. Housing - https://financialpost.com/executive/posthaste-its-not-just-demand-growth-in-housing-supply-may-have-also-peaked-in-canada-after-a-burst-of-activity
4. Food - https://toronto.citynews.ca/2021/08/18/canadians-groceries-food-costs/
5. Middle class income barely grew in 2019 - https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1110001201
6. Wealth tax - https://torontosun.com/opinion/columnists/goldstein-make-the-rich-pay-new-reports-show-in-canada-we-already-do
7. Canadian dollar - https://financialpost.com/executive/executive-summary/posthaste-get-ready-for-a-76-cent-loonie-canadian-dollars-virtuous-circle-is-about-to-go-into-reverse-says-bofa
8. Inequality https://globalnews.ca/news/8096250/covid-inequities-ethnocultural-communities-study/
9. Housing prices - https://www.bnnbloomberg.ca/real-estate/video/canada-s-housing-prices-aren-t-stacking-up-their-weight-in-gold-goldmoney~1365255
10. Middle class - https://www.resourceworks.com/just-transitions
Blog – Cost of Living – Canada – March 2021
1. Carbon tax and gasoline - https://www.reddeeradvocate.com/news/expect-higher-gasoline-prices-after-carbon-tax-hike/
2. Canada housing prices are the most overvalued within the G7 - https://betterdwelling.com/canadian-estate-prices-are-the-most-overvalued-in-the-g7-shows-another-indicator/
3. Commodity prices - https://www.bnnbloomberg.ca/commodities/video/meat-vegetables-and-bakery-items-drive-food-inflation-rate-higher-in-2021-charlebois~2095759
4. Lumber prices - https://www.woodbusiness.ca/mwc-2021-no-relief-in-sight-for-high-lumber-prices-tight-supply-but-future-is-bright/
5. USA consumer prices hit 8 ½ high - https://www.woodbusiness.ca/mwc-2021-no-relief-in-sight-for-high-lumber-prices-tight-supply-but-future-is-bright/
6. Natural gas and hydro - https://oilprice.com/Energy/Natural-Gas/Why-Natural-Gas-Wont-Be-Replaced-Anytime-Soon.html
7. Freight index - https://www.logisticsmgmt.com/article/march_cass_freight_index_report_trends_up_for_shipments_and_expenditures
8. Threat of inflation - https://www.marketwatch.com/story/economists-says-inflation-risks-are-highest-in-20-years-and-could-force-fed-to-raise-interest-rates-by-2022-11616426962
9. 60% of Cdns worried about inflation - https://www.bnnbloomberg.ca/60-of-canadians-worried-about-inflation-in-2021-cibc-1.1541942Morneau-Shepell predicts average wage growth of only 1.9% for 2021 which likely will be less than inflation - National data broken down by province shows an overall actual average base salary increase including freezes of 1.6% for 2020 and a projected average base salary increase of 1.9% 2021.
The Consumer Price Index (CPI) rose at a faster pace year over year in February (+1.1%) than in January (+1.0%). The rise in gasoline prices (+5.0%) supported consumer price growth in February. Excluding gasoline, the CPI rose 1.0% in February—down from a 1.3% increase in January. Source - https://www150.statcan.gc.ca/n1/daily-quotidien/210317/dq210317a-eng.htm
Housing Prices -
The largest y-o-y gains – above 35% range – were recorded in the Lakelands region of Ontario cottage country, Tillsonburg District and Woodstock-Ingersoll.
Y-o-y price increases in the 30-35% were seen in Barrie, Niagara, Bancroft and Area, Grey-Bruce Owen Sound, Kawartha Lakes, London & St. Thomas, North Bay, Northumberland Hills, Quinte & District, Simcoe & District and Southern Georgian Bay.
This was followed by y-o-y price gains in the range of 25-30% in Hamilton, Guelph, Cambridge, Brantford, Huron Perth, Kitchener-Waterloo, Peterborough and the Kawarthas and Greater Moncton.
https://www.newswire.ca/news-releases/canadian-housing-markets-set-records-again-in-february-879761646.html
Wages and Inflation - https://www.bnnbloomberg.ca/investing/video/hard-for-inflation-to-rise-in-canada-with-tempered-wage-growth-and-energy-prices-paul-sandhu~2097184
Large debt - https://economics.td.com/ca-canadian-wealth
Justin Trudeau and Liberals| Have Liberal Policies made things more Affordabl...paul young cpa, cga
This presentation looks at key areas of household budgets. Trudeau ran on a campaign back in 2015 that he would make things more affordable for Canadians.
Bottom Line: A variety of special factors landed on an already tough base effect to produce the highest reading on Canadian inflation in almost two decades in July. It is important to note that even with the gaudy headline readings, the two-year pace—which removes base effects—is still running close to 2% on most major measures. And, we remain comfortable with our forecasts on CPI for this year and next; we had been calling for an average rate of 3% this year and just a snick below in 2022 (2.9% to be precise). Having said all that, it is always notable when the surprises all land on one side of the ledger—the high side—and that has been the case for most the year in North American price readings. Risks remain to the high side on inflation until further notice.
Source – BMO - https://economics.bmo.com/en/publications/detail/bf88c408-2bca-4efa-b4ea-05fc1cc6d2af/
1. Gasoline Prices / Canada - https://globalnews.ca/news/8101013/covid-19-delta-variant-gas-prices-canada/
2. Housing costs - https://www.theglobeandmail.com/business/article-canadas-inflation-rate-jumps-to-37-in-july-on-rising-housing-costs/
3. Housing - https://financialpost.com/executive/posthaste-its-not-just-demand-growth-in-housing-supply-may-have-also-peaked-in-canada-after-a-burst-of-activity
4. Food - https://toronto.citynews.ca/2021/08/18/canadians-groceries-food-costs/
5. Middle class income barely grew in 2019 - https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1110001201
6. Wealth tax - https://torontosun.com/opinion/columnists/goldstein-make-the-rich-pay-new-reports-show-in-canada-we-already-do
7. Canadian dollar - https://financialpost.com/executive/executive-summary/posthaste-get-ready-for-a-76-cent-loonie-canadian-dollars-virtuous-circle-is-about-to-go-into-reverse-says-bofa
8. Inequality https://globalnews.ca/news/8096250/covid-inequities-ethnocultural-communities-study/
9. Housing prices - https://www.bnnbloomberg.ca/real-estate/video/canada-s-housing-prices-aren-t-stacking-up-their-weight-in-gold-goldmoney~1365255
10. Middle class - https://www.resourceworks.com/just-transitions
Blog – Cost of Living – Canada – March 2021
1. Carbon tax and gasoline - https://www.reddeeradvocate.com/news/expect-higher-gasoline-prices-after-carbon-tax-hike/
2. Canada housing prices are the most overvalued within the G7 - https://betterdwelling.com/canadian-estate-prices-are-the-most-overvalued-in-the-g7-shows-another-indicator/
3. Commodity prices - https://www.bnnbloomberg.ca/commodities/video/meat-vegetables-and-bakery-items-drive-food-inflation-rate-higher-in-2021-charlebois~2095759
4. Lumber prices - https://www.woodbusiness.ca/mwc-2021-no-relief-in-sight-for-high-lumber-prices-tight-supply-but-future-is-bright/
5. USA consumer prices hit 8 ½ high - https://www.woodbusiness.ca/mwc-2021-no-relief-in-sight-for-high-lumber-prices-tight-supply-but-future-is-bright/
6. Natural gas and hydro - https://oilprice.com/Energy/Natural-Gas/Why-Natural-Gas-Wont-Be-Replaced-Anytime-Soon.html
7. Freight index - https://www.logisticsmgmt.com/article/march_cass_freight_index_report_trends_up_for_shipments_and_expenditures
8. Threat of inflation - https://www.marketwatch.com/story/economists-says-inflation-risks-are-highest-in-20-years-and-could-force-fed-to-raise-interest-rates-by-2022-11616426962
9. 60% of Cdns worried about inflation - https://www.bnnbloomberg.ca/60-of-canadians-worried-about-inflation-in-2021-cibc-1.1541942Morneau-Shepell predicts average wage growth of only 1.9% for 2021 which likely will be less than inflation - National data broken down by province shows an overall actual average base salary increase including freezes of 1.6% for 2020 and a projected average base salary increase of 1.9% 2021.
The Consumer Price Index (CPI) rose at a faster pace year over year in February (+1.1%) than in January (+1.0%). The rise in gasoline prices (+5.0%) supported consumer price growth in February. Excluding gasoline, the CPI rose 1.0% in February—down from a 1.3% increase in January. Source - https://www150.statcan.gc.ca/n1/daily-quotidien/210317/dq210317a-eng.htm
Housing Prices -
The largest y-o-y gains – above 35% range – were recorded in the Lakelands region of Ontario cottage country, Tillsonburg District and Woodstock-Ingersoll.
Y-o-y price increases in the 30-35% were seen in Barrie, Niagara, Bancroft and Area, Grey-Bruce Owen Sound, Kawartha Lakes, London & St. Thomas, North Bay, Northumberland Hills, Quinte & District, Simcoe & District and Southern Georgian Bay.
This was followed by y-o-y price gains in the range of 25-30% in Hamilton, Guelph, Cambridge, Brantford, Huron Perth, Kitchener-Waterloo, Peterborough and the Kawarthas and Greater Moncton.
https://www.newswire.ca/news-releases/canadian-housing-markets-set-records-again-in-february-879761646.html
Wages and Inflation - https://www.bnnbloomberg.ca/investing/video/hard-for-inflation-to-rise-in-canada-with-tempered-wage-growth-and-energy-prices-paul-sandhu~2097184
Large debt - https://economics.td.com/ca-canadian-wealth
This presentation will look the work Conservative Party of Canada under Prime Minster Stephen Harper.
The presentation will focus on government spending, taxation, middle class, GDP, Labour Market and other areas
Many different groups will write paper and/or articles on government from their perspective. It is important for readers to review all sources when it comes to debating various government policies
Justin Trudeau constantly calls out the Harper era like he did in 2015. The problem is Trudeau never discuss details as the details tell a different picture.
The liberal ran on a platform saying they would make things more affordable. This presentation discuss key policy changes as part of people assessing did the Liberals make lives either more affordable or less affordable
Trudeau is now making promises about cell phone as he says high cost of living. Nowhere does Trudeau admit that his trudeaunomics has failed to do anything for the economy other than make things more expensive - https://www.slideshare.net/paulyoungcga/why-did-justin-trudeau-fail-at-keynesian-economics
Have Liberal Party of Canada made lives more affordable for Canadianspaul young cpa, cga
The liberal ran on a platform saying they would make things more affordable. This presentation discuss key policy changes as part of people assessing did the Liberals make lives either more affordable or less affordable
Blog – Failure of Trudeanomics
1. Cost of living continues to rise - @JustinTrudeau keeps finding ways to tax people. Trudeau policies are not making things more affordable unless you are friends of the LPC! https://www.slideshare.net/paulyoungcga/cost-of-living-canada-february-2021
2. Housing bubble - https://www.mortgagebrokernews.ca/news/how-likely-is-a-canada-housing-crash-354545.aspx
3. Canada had 15B+ deficit with slower growth before COVID19 - https://ipolitics.ca/2021/03/31/pbo-projects-363-4b-federal-deficit-faster-economic-recovery/
4. Failure to safeguard assets and Canadians - https://www.oag-bvg.gc.ca/internet/English/att__e_43789.html
5. Canada competitiveness slipping - https://www.theguardian.pe.ca/opinion/local-perspectives/kevin-lynch-paul-deegan-atlantic-canada-not-keeping-up-with-the-global-competition-571328/
6. Potential structural issues with unemployment - https://www150.statcan.gc.ca/n1/daily-quotidien/210312/dq210312a-eng.htm
7. Trudeau promised open and transparent government which did not happen
8. Trudeau green reset is also a mistake as internal reports have shown issues with his subsidies program –
Few green energy projects are viable without subsidies, says an internal report at the Department of Natural Resources. Auditors called it a market failure: “Analysis of the financial information was revealing.”
https://www.blacklocks.ca/green-power-subsidy-fueled/
I support green technology if it is viable without direct subsidies.
https://www.slideshare.net/paulyoungcga/protecting-the-environment-through-proper-balance-between-economic-and-economic-policies (3/21)
https://www.slideshare.net/paulyoungcga/2019-election-direct-and-indirect-subsidies-to-businesses-august-2019 (Business subsidies are corporate welfare but gets ignored when these subsidies go to clean technology companies
Answers are with how you better manage the circular economy - https://www.slideshare.net/paulyoungcga/how-to-maximized-the-circular-economy-244067365
9. Slow growth
GDP was running 1.6% at the end of 2019 which is down nearly 40% from 2017.
GDP was in trouble pre-covid19.
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
Jan/21 - https://www.slideshare.net/paulyoungcga/gdp-analysis-and-commentary-canadajanuary-2021
10. Forestry
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-forestry-sector-january-2021
Global Forest Watch found that the world’s forests sequestered about twice as much CO2 as they emitted between 2001 and 2019.
CAN has 9% of the total forest as such this would mean CAN is a carbon sink. So, why does CAN need a carbon tax?
@SeamusORegan
Justin Trudeau made many promises back in 2015 including being open, transparent, and accountable. This presentation looks at many areas of policy. The readers of this report can make their own decisions on whether Trudeau has been open, transparent, and accountable to Canadians.
1. Trade protectionism - https://torontosun.com/opinion/editorials/editorial-bidens-buy-american-policies-hurting-canada
2. Climate Change - https://www.cbc.ca/news/politics/environment-commissioner-report-failure-to-failure-1.6262523
3. Benefits - https://nationalpost.com/news/politics/some-cerb-recipients-set-to-get-notices-that-they-owe-feds-some-of-the-aid?r
4. Wage growth - https://financialpost.com/news/economy/immigrant-influx-is-stunting-wage-growth-in-canadian-recovery
5. GDP - https://economics.td.com/ca-weekly-bottom-line
6. Housing - https://www.bnnbloomberg.ca/it-s-like-gamestop-mortgage-expert-on-risk-of-housing-correction-1.1687056
7. Canada lags many states in oil and gas development - https://www.fraserinstitute.org/studies/canada-us-energy-sector-competitiveness-survey-2021
8. Streaming = https://ca.finance.yahoo.com/news/media-experts-agree-action-needed-110000640.html
9. Skills gaps - https://financialpost.com/sponsored/business-sponsored/building-the-future-of-continuing-education
10. Deficit - https://www.theglobeandmail.com/politics/article-report-says-federal-deficit-stood-at-686b-halfway-through-fiscal-year/ or https://www.advisor.ca/news/economic/federal-deficit-hits-nearly-69b-over-first-half-of-fiscal-year/
Consumer Price Index
Housing Prices
Carbon Taxation
Transit (Tax Credits vs Carbon Tax Credit)
80% of the Middle Class is paying higher taxes
The wealthiest are paying less of the federal taxes
Household Spending
Child Tax Benefit / After Tax income
Poverty
Trudeau’s policies are not keeping pace with higher household costs. Trudeau thinks he can provide a smoke screen on Child benefit. The average net benefit for a family is about $1,200 (based on median income)
Blog – Failure of Trudeaunomics – October 2021
Inflation went from 1% in 2015 to 1.9% in 2019 and now is 4.7% in Oct/21
Public sector jobs continue to outpace the private sector jobs
GDP went from 3.0% in 2017 to 1.6% 2019 (pre-Covid)
Housing prices continue to rise
Welcome to @justinTrudeau ‘s Canada
Morneau “"I think Canadians will make their decisions based on those economic outcomes. I think people will see Andrew Scheer does not have a credible approach for the economy and our approach to the economy is actually working," he told reporters at an event at Toronto's Ryerson University. "There are obviously continuing challenges ... people in Alberta are facing a challenge around the changing oil and gas sector. Those issues are real. But what we're also seeing across the country is significantly more people employed.“ -Source - https://www.cbc.ca/news/politics/scheer-economic-address-energy-corridor-1.5138649
There many facets to the economy including how to bet get goods to market in environmentally sustainable way. The problem is the liberals never had the answers as you will see with this presentation as it focus on taxation, regulations, fdi, trade, environment, employment and innovation.
The Consumer Price Index (CPI) rose at a faster pace in January (+1.0%) year over year than in December (+0.7%). The acceleration in consumer prices was largely due to higher prices for durable goods (+1.7%) and rising gasoline prices (+6.1%) compared with December 2020. Excluding gasoline, the CPI grew 1.3% in January—up from a 1.0% increase in December.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/210217/dq210217a-eng.htm
Food
COVID19 and Food Prices - https://www.brockpress.com/covid-19-to-cause-increase-in-national-food-prices/
https://www.greenhousecanada.com/funding-call-for-local-food-projects-33051/ - The problem with greenhouses relates to CO2 - https://ggs-greenhouse.com/heating-systems/carbon-dioxide-co2-dosing
Average house price in Canada is now $621K - https://www.newswire.ca/news-releases/canadian-housing-markets-set-records-again-in-january-820519482.html
This presentation will look the work Conservative Party of Canada under Prime Minster Stephen Harper.
The presentation will focus on government spending, taxation, middle class, GDP, Labour Market and other areas
Many different groups will write paper and/or articles on government from their perspective. It is important for readers to review all sources when it comes to debating various government policies
Justin Trudeau constantly calls out the Harper era like he did in 2015. The problem is Trudeau never discuss details as the details tell a different picture.
The liberal ran on a platform saying they would make things more affordable. This presentation discuss key policy changes as part of people assessing did the Liberals make lives either more affordable or less affordable
Trudeau is now making promises about cell phone as he says high cost of living. Nowhere does Trudeau admit that his trudeaunomics has failed to do anything for the economy other than make things more expensive - https://www.slideshare.net/paulyoungcga/why-did-justin-trudeau-fail-at-keynesian-economics
Have Liberal Party of Canada made lives more affordable for Canadianspaul young cpa, cga
The liberal ran on a platform saying they would make things more affordable. This presentation discuss key policy changes as part of people assessing did the Liberals make lives either more affordable or less affordable
Blog – Failure of Trudeanomics
1. Cost of living continues to rise - @JustinTrudeau keeps finding ways to tax people. Trudeau policies are not making things more affordable unless you are friends of the LPC! https://www.slideshare.net/paulyoungcga/cost-of-living-canada-february-2021
2. Housing bubble - https://www.mortgagebrokernews.ca/news/how-likely-is-a-canada-housing-crash-354545.aspx
3. Canada had 15B+ deficit with slower growth before COVID19 - https://ipolitics.ca/2021/03/31/pbo-projects-363-4b-federal-deficit-faster-economic-recovery/
4. Failure to safeguard assets and Canadians - https://www.oag-bvg.gc.ca/internet/English/att__e_43789.html
5. Canada competitiveness slipping - https://www.theguardian.pe.ca/opinion/local-perspectives/kevin-lynch-paul-deegan-atlantic-canada-not-keeping-up-with-the-global-competition-571328/
6. Potential structural issues with unemployment - https://www150.statcan.gc.ca/n1/daily-quotidien/210312/dq210312a-eng.htm
7. Trudeau promised open and transparent government which did not happen
8. Trudeau green reset is also a mistake as internal reports have shown issues with his subsidies program –
Few green energy projects are viable without subsidies, says an internal report at the Department of Natural Resources. Auditors called it a market failure: “Analysis of the financial information was revealing.”
https://www.blacklocks.ca/green-power-subsidy-fueled/
I support green technology if it is viable without direct subsidies.
https://www.slideshare.net/paulyoungcga/protecting-the-environment-through-proper-balance-between-economic-and-economic-policies (3/21)
https://www.slideshare.net/paulyoungcga/2019-election-direct-and-indirect-subsidies-to-businesses-august-2019 (Business subsidies are corporate welfare but gets ignored when these subsidies go to clean technology companies
Answers are with how you better manage the circular economy - https://www.slideshare.net/paulyoungcga/how-to-maximized-the-circular-economy-244067365
9. Slow growth
GDP was running 1.6% at the end of 2019 which is down nearly 40% from 2017.
GDP was in trouble pre-covid19.
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
Jan/21 - https://www.slideshare.net/paulyoungcga/gdp-analysis-and-commentary-canadajanuary-2021
10. Forestry
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-forestry-sector-january-2021
Global Forest Watch found that the world’s forests sequestered about twice as much CO2 as they emitted between 2001 and 2019.
CAN has 9% of the total forest as such this would mean CAN is a carbon sink. So, why does CAN need a carbon tax?
@SeamusORegan
Justin Trudeau made many promises back in 2015 including being open, transparent, and accountable. This presentation looks at many areas of policy. The readers of this report can make their own decisions on whether Trudeau has been open, transparent, and accountable to Canadians.
1. Trade protectionism - https://torontosun.com/opinion/editorials/editorial-bidens-buy-american-policies-hurting-canada
2. Climate Change - https://www.cbc.ca/news/politics/environment-commissioner-report-failure-to-failure-1.6262523
3. Benefits - https://nationalpost.com/news/politics/some-cerb-recipients-set-to-get-notices-that-they-owe-feds-some-of-the-aid?r
4. Wage growth - https://financialpost.com/news/economy/immigrant-influx-is-stunting-wage-growth-in-canadian-recovery
5. GDP - https://economics.td.com/ca-weekly-bottom-line
6. Housing - https://www.bnnbloomberg.ca/it-s-like-gamestop-mortgage-expert-on-risk-of-housing-correction-1.1687056
7. Canada lags many states in oil and gas development - https://www.fraserinstitute.org/studies/canada-us-energy-sector-competitiveness-survey-2021
8. Streaming = https://ca.finance.yahoo.com/news/media-experts-agree-action-needed-110000640.html
9. Skills gaps - https://financialpost.com/sponsored/business-sponsored/building-the-future-of-continuing-education
10. Deficit - https://www.theglobeandmail.com/politics/article-report-says-federal-deficit-stood-at-686b-halfway-through-fiscal-year/ or https://www.advisor.ca/news/economic/federal-deficit-hits-nearly-69b-over-first-half-of-fiscal-year/
Consumer Price Index
Housing Prices
Carbon Taxation
Transit (Tax Credits vs Carbon Tax Credit)
80% of the Middle Class is paying higher taxes
The wealthiest are paying less of the federal taxes
Household Spending
Child Tax Benefit / After Tax income
Poverty
Trudeau’s policies are not keeping pace with higher household costs. Trudeau thinks he can provide a smoke screen on Child benefit. The average net benefit for a family is about $1,200 (based on median income)
Blog – Failure of Trudeaunomics – October 2021
Inflation went from 1% in 2015 to 1.9% in 2019 and now is 4.7% in Oct/21
Public sector jobs continue to outpace the private sector jobs
GDP went from 3.0% in 2017 to 1.6% 2019 (pre-Covid)
Housing prices continue to rise
Welcome to @justinTrudeau ‘s Canada
Morneau “"I think Canadians will make their decisions based on those economic outcomes. I think people will see Andrew Scheer does not have a credible approach for the economy and our approach to the economy is actually working," he told reporters at an event at Toronto's Ryerson University. "There are obviously continuing challenges ... people in Alberta are facing a challenge around the changing oil and gas sector. Those issues are real. But what we're also seeing across the country is significantly more people employed.“ -Source - https://www.cbc.ca/news/politics/scheer-economic-address-energy-corridor-1.5138649
There many facets to the economy including how to bet get goods to market in environmentally sustainable way. The problem is the liberals never had the answers as you will see with this presentation as it focus on taxation, regulations, fdi, trade, environment, employment and innovation.
The Consumer Price Index (CPI) rose at a faster pace in January (+1.0%) year over year than in December (+0.7%). The acceleration in consumer prices was largely due to higher prices for durable goods (+1.7%) and rising gasoline prices (+6.1%) compared with December 2020. Excluding gasoline, the CPI grew 1.3% in January—up from a 1.0% increase in December.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/210217/dq210217a-eng.htm
Food
COVID19 and Food Prices - https://www.brockpress.com/covid-19-to-cause-increase-in-national-food-prices/
https://www.greenhousecanada.com/funding-call-for-local-food-projects-33051/ - The problem with greenhouses relates to CO2 - https://ggs-greenhouse.com/heating-systems/carbon-dioxide-co2-dosing
Average house price in Canada is now $621K - https://www.newswire.ca/news-releases/canadian-housing-markets-set-records-again-in-january-820519482.html
Household Spending, Savings and Income (Income Inequality .pptxpaul young cpa, cga
Here is my latest look at household consumption, taxation, and income.
Justin Trudeau is continuing on his social spending plan. The problem is there was a structural deficit pre-covid19.
2019 Election| Cost of Living| Affordability| Canada| July 2019paul young cpa, cga
The liberal ran on a platform saying they would make things more affordable. This presentation discuss key policy changes as part of people assessing did the Liberals make lives either more affordable or less affordable
2019 Election - What Party has the path that is best forward for Canadians? paul young cpa, cga
This presentation discusses key policy areas including a comparison between 2015 and Liberal Government record. The rankings used can vary a little due to timing of the rankings.
Liberals changed many policies over the years, but very few times does either MSM or social media call out their failures
Trudeau and his team constantly provide data that is neither supported nor completely accurate
Harper was not perfect in terms of his policy, but he was very successful as he faced numerous challenges, i.e. global recession, minority parliament, hostile premiers (i.e. PQ and ON) - https://www.slideshare.net/paulyoungcga/cpc-and-stephen-harper-years-as-prime-minister
@rjlyonsnl you are out of touch with reality on inflation. If you look at my work, then you will see I called out the issues including solutions!
FYI - Inflation has always been targeted at 1.9% to 2.2%! Trudeau will have a hard to achieve that target!
Canada inflation is now at 5.7% the highest level in over 40 years
The average price of a house is now over 812K
Household debt is at all-time high
Source - https://www.nasdaq.com/articles/canada-annual-inflation-rate-accelerates-to-5.7-in-february
This presentation will provide key rankings along with blogs to provide information as way for people to assess whether or not Justin Trudeau and his team are either a success or failure
Revised - Cost of Living (Purchase Price Index) - Canada - April 2022.pptxpaul young cpa, cga
Summary:
Canada’s annual inflation rate accelerated to 6.8 per cent in April, the highest since January 1991, on food and shelter prices, Statistics Canada said on Wednesday.
Source - https://www.bnnbloomberg.ca/the-daily-chase-inflation-day-in-canada-full-blown-war-on-new-housing-1.1767546 and https://financialpost.com/news/economy/canadian-inflation-rate-rises-to-6-8-beating-expectations
GDP is key measurement for a country. Allot is said about GDP, especially by various government. The reality is government gets to much credit for booming economy and too much fault for recession.
There are many factors drive GDP including taxation, business returns, consumer spending and government spending. 2/3 of economies tend to be driven by consumer spending. If you set policies that takes more money out people’s pocket book then that will lead to less consumer spending.
2015 (CPC) vs 2019 (LPC) - Are Canadians better off in 2019?paul young cpa, cga
This presentation discusses key policy areas including a comparison between 2015 and Liberal Government record. The rankings used can vary a little due to timing of the rankings.
Liberals changed many policies over the years, but very few times does either MSM or social media call out their failures
Trudeau and his team constantly provide data that is neither supported nor completely accurate
Harper was not perfect in terms of his policy, but he was very successful as he faced numerous challenges, i.e. global recession, minority parliament, hostile premiers (i.e. PQ and ON) - https://www.slideshare.net/paulyoungcga/cpc-and-stephen-harper-years-as-prime-minister
Summary:
The annual rate of inflation dipped to 7.6 per cent in July, Statistics Canada reported Tuesday, as lower gas prices took some of the heat off household budgets.
In its latest consumer price index (CPI) report, the federal agency said the rise in prices in July marked the smallest monthly gains since December 2021. The CPI was up 0.1 per cent compared with June.
Gas prices dropped 9.2 per cent in July compared with a month earlier, Statistics Canada said. Ontario, which was among provinces temporarily waiving the gas tax, saw the largest decline in prices at 12.2 per cent month-over-month.
Source: https://globalnews.ca/news/9062823/inflation-canada-july-2022/
Global Housing Market Analysis and Commentary- September 2023.pptxpaul young cpa, cga
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptxpaul young cpa, cga
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
Electricity Analysis - Canada and the OECD - June 2023.pptxpaul young cpa, cga
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Stock Market Analysis and Commentary for WE September 9 2023.pptxpaul young cpa, cga
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...paul young cpa, cga
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptxpaul young cpa, cga
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the telegram contact of my personal vendor.
@Pi_vendor_247
#pi network #pi coins #legit #passive income
#US
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Transkredit Finance Company Products Presentation (1).pptx
Have the Liberals made lives for Canadians more affordable?
1. Have the Liberals made
things more affordable
Paul Young CPA CGA
October 1, 2019
2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4, MU1 and MS2)
• SME – Risk Management
• SME – Emerging Technology
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Cost to Serve modeling
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. Agenda
• Consumer Price Index
• Housing Prices
• Carbon Taxation
• Transit (Tax Credits vs Carbon Tax Credit)
• 80% of the Middle Class is paying higher taxes
• The wealthiest are paying less of the federal taxes
• Household Spending
• Child Tax Benefit / After Tax income
• Poverty
• Principal Residency / Speculator tax
• Trudeau’s policies are not keeping pace with
higher household costs. Trudeau thinks he can
provide a smoke screen on Child benefit. The
average net benefit for a family is about $1,200
(based on median income)
4. Introduction
• The liberal ran on a platform saying they would make things more
affordable. This presentation discuss key policy changes as part of
people assessing did the Liberals make lives either more affordable
or less affordable
6. Consumer Price Index
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/190717/dq190717a-eng.htm
• The Liberals pushed a carbon tax onto
taxpayers by adding a carbon tax to price
of a liter.
• Inflation on average is about 1.9% which is
consistent with the past 17+ years
• Wage growth has at times not kept pace
with inflation -
https://www.slideshare.net/paulyoungcga
/2019-election-wages-and-inflation-
canada-august-2019
• Government does set policies that impact
inflation
• Payroll taxes
• Income tax rates
• Regulations
• Hydro rates
• There are many factors that impact
inflation that are outside of government
control
• Commodity Prices
• Wage increases (Private Sector)
7. Housing Prices
Who would you trust to make housing more affordable?
@justintrudeau that introduced a Ponzi scheme for first-
time buyers
https://www.theglobeandmail.com/canada/british-
columbia/article-experts-question-rollout-of-federal-
housing-funds/
@andrewscheer new policy includes looking 30 yr
mortgages and a review of the stress test
https://www.slideshare.net/paulyoungcga/2019-election-
housing-and-real-estate-canada-june-2019 or
https://www.slideshare.net/paulyoungcga/2019-election-
housing-affordability-canada-june-2019
Source - https://www150.statcan.gc.ca/t1/tbl1/en/cv.action?pid=1810020501#timeframe and http://www.rbc.com/economics/economic-reports/canadian-housing-
forecast.html
8. Household Costs / Carbon Pricing CAN environmental ranking has dropped one position under
your watch
No where do you mentioned either the dumping of sewage into
waterways or the impact of cruise ships.
No where do you mentioned that carbon tax hurts family
$1K+/yr (ex-tax credit)
https://www.slideshare.net/paulyoungcga/2019-election-
environment-climate-change-issues-and-concerns-canada-
september-2019
@cathmckenna
You allow sewage into waterways
Cruise ship have emissions issues
Oil is going by rail
Canada already taxed pollution way before your carbon tax
https://www.slideshare.net/paulyoungcga/2019-election-
environment-climate-change-issues-and-concerns-canada-
september-2019
9. Tax Impact I like to know @justintrudeau why he
thinks carbon tax refund $300 is better
than the transit tax credit ($400-675)
under Harper.
You would think the transit tax credit
encourage people to use transit which it
did when you look at ridership
Trudeau said people were no using the
tax credit and/or ridership was not
going up.
http://cutaactu.ca/en/news-
media/latest-news/transit-ridership-
growing-canada “2017 saw a 1.5%
increase in Canadian transit trips
over the previous year, according to
new data released by CUTA. ”
Source - https://globalnews.ca/news/5368001/canada-average-carbon-tax-
rebates/beta/?utm_expid=.kz0UD5JkQOCo6yMqxGqECg.1&utm_referrer=https%3A%2F%2Fwww.google.com%2F or https://www150.statcan.gc.ca/n1/daily-
10. Liberals voted against a motion to stop rising cost of fuel and
food
Source - https://www.spencerfernando.com/2018/05/08/trudeau-liberals-vote-against-motion-to-lower-gas-grocery-prices/#respond
http://business.financialpost.com/pmn/business-pmn/newsalert-statistics-canada-says-cpi-in-march-up-2-3-from-year-ago-2
• Liberals said they would make things
affordable for Canadians -
https://www.liberal.ca/trudeau-unveils-
liberal-platform-for-a-strong-middle-class/
• 80% of Canadians are paying higher
taxes -
https://globalnews.ca/news/3769136/t
axes-middle-class-liberals/
• Carbon Taxes are regressive as they hurt
the low to middle class more in terms of
costs -
https://twitter.com/LindaFrum/status/
989957835692957696
• CPP hikes mean less after tax income
• https://www.slideshare.net/paulyo
ungcga/2019-election-retirement-
payroll-tax-cpp-canada-august-2019
• Jobs in goods producing sector lag
service sector -
https://www.slideshare.net/paulyoungc
ga/2019-election-job-quality-and-
employment-canada-june-2019
Bottom line:
• Trudeau is not making things more affordable!
11. Wealthiest Who do you trust to more when it comes to taxing
the Top !%
@justinTrudeau who refuses to go after tax havens
and/or loss moneys during his so called tax hike -
https://www.theglobeandmail.com/politics/article-
high-income-earners-paid-46-billion-less-in-taxes-in-
2016-despite/
@Andrewscheer who was part of a government that
brought in more tax fairness -
https://globalnews.ca/news/1356467/tax-cuts-since-
2005-net-canadians-30b-pbo/
https://www.slideshare.net/paulyoungcga/2019-
election-top-1-wealthiest-canada-june-2019
12. Household Spending
• Liberals forced a carbon tax which has impacted
household budget, i.e. transit and heating costs -
https://www.slideshare.net/paulyoungcga/carbon
-tax-and-pollution-taxation-all-you-need-to-know-
canada-april-2019
• Liberals claim the CPC policies led to high
consumer debt, but say little about their own
policies -
https://www.huffingtonpost.ca/entry/consumer-
debt-canada_ca_5d5c07d5e4b0d1e113685b39
• Liberals tout their record on jobs, but do never
discuss issues with either a slowing economy
(https://www.slideshare.net/paulyoungcga/2019-
election-gdp-and-economy-canada-june-2019) or
job quality issues
(https://www.slideshare.net/paulyoungcga/real-
truth-about-economy-and-jobs-august-2019)
13. Household Spending (CPC vs LPC
• Ralph Goodale (circa 2015) – Source - https://www.huffingtonpost.ca/ralph-goodale/mr-harpers-economic-
recor_b_8020980.html “Canadians are stuck with $158-billion in new Harper debt -- without much to show
for it. There are 160,000 more jobless Canadians today than before Stephen Harper took power. Job
quality is at a 25-year low. Household debt is near a record high. Canada's trade deficit this year has
topped $13-billion. (Liberals have the highest household debt now
14. Poverty
• Liberal tout only one policy (Child Tax benefit). The problem is other policies like carbon taxation have had a
large impact on the poor
• Food bank usage continues to be on the rise - http://enfieldweeklypress.com/2019/08/24/food-bank-usage-
at-a-critical-level/
• Low income depend on public transit. Public transit has been impacted by carbon taxation -
https://www.slideshare.net/paulyoungcga/election-2019-transit-canada-june-2019 (Majority of buses and
trains are still supply by diesel
18. Canada net worth
Source - https://www150.statcan.gc.ca/n1/pub/11-626-x/11-626-x2019003-eng.htm or https://business.financialpost.com/news/economy/canadians-average-net-worth-shrinks-for-first-time-in-a-decade-amid-bank-
of-canada-rate-hikes or https://environicsanalytics.com/en-ca/resources/blogs/ea-blog/2019/09/18/wealthscapes-2019-report-canadians-display-financial-prudence
Harper 2015 Net worth
Trudeau seen the first
drop in net worth in
more than a decade
Turns out that Harper
Policies help with the
net worth for people
19. Blog – Taxation and After Tax
Who would be better for the middle class?
@justintrudeau who increase taxes on the middle class
https://www.fraserinstitute.org/article/trudeau-government-continues-to-spread-
misinformation-about-middle-class-tax-burden
@andrewscheer who was part of previous governments that led to Canada having one of the
best middle class in the world.
https://www.stcatharinesstandard.ca/opinion-story/9581143-andrew-scheer-in-his-own-
words-young-families-are-the-future-of-our-country-/?fbclid=iwar0tvoaxeqkbsp2ooe-
l7dszpqvetxwpxcfgke5ofmeozh1yrierlxag0ku
https://www.slideshare.net/paulyoungcga/2019-election-middle-class-canada-august-2019
20. Speculator Principal Capital Gain Tax
Adam Vaughan tax on principal residency is really call a speculator tax. Here are what people need to know about the speculator
tax:
• There have been many people that buy a condo before it is built. These people put down a down payment. The condo gets
built then these people sell it at the market value. CRA calls these people Condo Flippers “
https://business.financialpost.com/personal-finance/taxes/condo-flippers-beware-the-taxman-is-watching-you-and-has-new-
tools-at-his-disposal-to-take-action
• Starting with 2016 it was mandatory to report your principal residency on your tax return.
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-
tax-return/personal-income/line-127-capital-gains/principal-residence-other-real-estate/sale-your-principal-residence.html
• Many properties are held for longer period of times as such this speculator tax would not apply to them. However, there is
nothing stopping another government reviewing the capital gain exemption as part of future tax policies.
• This one-off policy will not fix the issues with supply and demand including urban vs rural strategy.
https://www.slideshare.net/paulyoungcga/2019-election-rural-areas-and-affairs-canada or
https://www.slideshare.net/paulyoungcga/urban-planning-issues-facing-urban-planners-april-2019
• This policy will not fix houses that need major repairs. Many people are not doing the maintenance of their houses as such
future owners could be on the hook for housing improvement costs - https://globalnews.ca/news/3766695/homeownership-
costs-canadians-forget/
•
• Here is my presentation on affordable housing - https://www.slideshare.net/paulyoungcga/2019-election-who-do-you-trust-
more-to-make-housing-more-affordable
22. What’s next
• Removing the carbon tax
• All levels of government need to stop looking for ways to
tax people and start fixing issues with the tax code as well
as finding better ways to deliver government -
https://www.slideshare.net/paulyoungcga/2019-election-
fiscally-responsible-government-canada-september-2019 or
https://www.slideshare.net/paulyoungcga/2019-election-
tax-reforms-and-fairness-canada-september-2019
• Fixing policies that will ensure Canada is more competitive
when it comes to attracting FDI -
https://www.slideshare.net/paulyoungcga/2019-election-
canada-competitivenes-september-2019
• All governments along with the private sector need to fix
the systemic issues with housing -
https://www.slideshare.net/paulyoungcga/2019-election-
housing-affordability-canada-june-2019
• All levels of government along with private sector need to
work together as part of address the skill gap issues -
https://www.slideshare.net/paulyoungcga/2019-election-
human-capital-and-skills-management-canada-september-
2019
Editor's Notes
Source - https://www150.statcan.gc.ca/n1/pub/11-626-x/11-626-x2019003-eng.htm or https://business.financialpost.com/news/economy/canadians-average-net-worth-shrinks-for-first-time-in-a-decade-amid-bank-of-canada-rate-hikes or https://environicsanalytics.com/en-ca/resources/blogs/ea-blog/2019/09/18/wealthscapes-2019-report-canadians-display-financial-prudence
or https://environicsanalytics.com/en-ca/resources/media-room/press-releases/2016/09/07/wealthscapes-2016-reveals-continuing-improvement-in-canadians-finances