Government role is to support social program as well as policies that will support economic growth
The Liberals since they took office their focus has been on social issues which are being driven by agenda 2030 -https://www.slideshare.net/paulyoungcga/what-is-agenda-2030
Trudeau said he would run modest deficits which has not
Trudeau has failed on major planks of his 2015 election campaign
Trudeau has caused tensions with countries like India, Australia, China, Philippines, etc.
The document provides an economic scorecard for the Liberal Party of Canada by Paul Young, a CPA and expert in various fields including academia, risk management, and public policy. It analyzes key economic indicators such as GDP, jobs, wages, competitiveness, and the fiscal management of the Liberal government. The analysis finds that the Liberals have failed to live up to many of their 2015 election promises and have not improved Canada's economic performance or global competitiveness compared to the previous Conservative government.
Justin Trudeau Economic and Fiscal Record - November 2015 to February 2020paul young cpa, cga
This document provides a scorecard and analysis of the Liberal Party of Canada's fulfillment of major policy promises from the 2015 election. It covers topics like the economy, jobs, wages, fiscal management, crime, trade, the environment and more. For each policy area, it outlines the Liberal promise and then provides commentary and data assessing whether the promise was kept. It takes a generally critical view of the Liberal government's record.
Exports increased 1.6% to a record $48.6 billion in April, the sixth increase over the past seven months. Higher
exports of metal and non-metallic mineral products, consumer goods and energy products were partially offset by
lower exports of aircraft and other transportation equipment and parts. Year over year, total exports rose 3.1%.
Exports of metal and non-metallic mineral products increased 9.1% to $5.8 billion in April. Following two
consecutive months of atypically low levels, exports of unwrought precious metals and precious metal alloys led the
increase for the section in April, up 25.3% to $1.6 billion. Contributing to the increase were higher sales of
unwrought gold to Hong Kong, following its refining in Canada. For the section as a whole, volumes rose 5.8%,
while prices were up 3.1%.
Real truth - Canada and United States - GDP - January 2018paul young cpa, cga
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.
Canada no longer has the fastest growing economy in the G-7 - http://www.gbm.scotiabank.com/English/bns_econ/forecast.pdf
2019 Election| Human Capital and Skills Management| Canada| August 2019paul young cpa, cga
This document provides a summary of skills trades in Canada by Paul Young in August 2019. It discusses several topics related to skills gaps and human capital management in Canada including: the role of government in developing educational programs to support the economy; issues with current government training programs; the skills gap and its impact on productivity; and potential solutions around immigration, reducing taxes and regulations to increase competitiveness. It also provides statistics and links to additional resources on topics like retiring baby boomers impact on skills shortages and the costs of refugees.
The document provides an economic scorecard for the Liberal Party of Canada by Paul Young, a CPA and expert in various fields including academia, risk management, and public policy. It analyzes key economic indicators such as GDP, jobs, wages, competitiveness, and the fiscal management of the Liberal government. The analysis finds that the Liberals have failed to live up to many of their 2015 election promises and have not improved Canada's economic performance or global competitiveness compared to the previous Conservative government.
Justin Trudeau Economic and Fiscal Record - November 2015 to February 2020paul young cpa, cga
This document provides a scorecard and analysis of the Liberal Party of Canada's fulfillment of major policy promises from the 2015 election. It covers topics like the economy, jobs, wages, fiscal management, crime, trade, the environment and more. For each policy area, it outlines the Liberal promise and then provides commentary and data assessing whether the promise was kept. It takes a generally critical view of the Liberal government's record.
Exports increased 1.6% to a record $48.6 billion in April, the sixth increase over the past seven months. Higher
exports of metal and non-metallic mineral products, consumer goods and energy products were partially offset by
lower exports of aircraft and other transportation equipment and parts. Year over year, total exports rose 3.1%.
Exports of metal and non-metallic mineral products increased 9.1% to $5.8 billion in April. Following two
consecutive months of atypically low levels, exports of unwrought precious metals and precious metal alloys led the
increase for the section in April, up 25.3% to $1.6 billion. Contributing to the increase were higher sales of
unwrought gold to Hong Kong, following its refining in Canada. For the section as a whole, volumes rose 5.8%,
while prices were up 3.1%.
Real truth - Canada and United States - GDP - January 2018paul young cpa, cga
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.
Canada no longer has the fastest growing economy in the G-7 - http://www.gbm.scotiabank.com/English/bns_econ/forecast.pdf
2019 Election| Human Capital and Skills Management| Canada| August 2019paul young cpa, cga
This document provides a summary of skills trades in Canada by Paul Young in August 2019. It discusses several topics related to skills gaps and human capital management in Canada including: the role of government in developing educational programs to support the economy; issues with current government training programs; the skills gap and its impact on productivity; and potential solutions around immigration, reducing taxes and regulations to increase competitiveness. It also provides statistics and links to additional resources on topics like retiring baby boomers impact on skills shortages and the costs of refugees.
The document is a summary and analysis of Canada's GDP and job market by Paul Young, CPA. It discusses various factors that influence GDP, including government spending, consumer spending, taxation and business returns. While governments often take credit for strong economies, 2/3 of GDP is typically driven by consumer spending. Higher taxes can reduce consumers' disposable income and lead to less spending. The document analyzes GDP and employment data from various periods under Liberal and Conservative governments in Canada. It argues the Liberals' policies of tax increases and canceled pipelines have negatively impacted GDP growth and job opportunities compared to under the previous Conservative government.
2019 Election| Human Capital and Skills Management| Canada| September 2019paul young cpa, cga
The document discusses skills gaps and training in Canada. It notes that the skills gap is costing economies billions due to lost productivity. Both the US and Canada are facing shortages in technical skills like IT. As baby boomers retire, their skills are leaving the workforce. Government training programs exist but may need to be modified to better align with employer needs. Teaching coding to youth and increasing online education options could help close skills gaps in Canada.
2019 Election| Human Capital and Skills Management| June 2019paul young cpa, cga
More emphasis on trades
Education needs to push people into math, sciences, trades and IT fields
All level governments need to stopped finding ways to tax people. The emphasis on government should be value for money
All levels of governments and the private sector need to work together on integrated strategy to ensure people are prepared for jobs of today and tomorrow
Ontario needs to eliminate the skill trades college
Immigration should not be based on a quota but tied to economic growth.
All levels of government need to streamline their regulations.
2019 Election| Careers Skills Training Education| Canada | May 2019 paul young cpa, cga
This document summarizes key issues related to skills development and training in Canada. It discusses the skills gap facing many employers and how this impacts productivity. Government training programs are outlined along with challenges around aligning education with job needs both currently and in the future. Specific regions like Hamilton, Ontario face challenges in developing skills for trades jobs. Multiple resources and blogs on topics like career management, soft skills, and online education are also referenced. Overall the document calls for a coordinated strategy between government and private sector to ensure Canadians have skills for today's and tomorrow's jobs.
2019 Election| Skills Management| Career and Employment| Canada| September 2019paul young cpa, cga
The role of government is defined the educational programs required to support the economy. Too many govts across Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
It is not one policy that supports human capital management but many policies
Harper faced 2008-2009 recession which included demands by the opposition to introduce a stimulus - https://www.slideshare.net/paulyoungcga/fiscal-management-cycle-debt-surpluses-deficits-canada-september-2019
Harper was not perfect and did make mistakes but never had any ethical violations like Trudeau - https://www.cbc.ca/news/politics/mario-dion-report-justin-trudeau-1.5247209
This document provides a summary of Paul Young's views on income inequality and potential solutions. It notes that income inequality is an issue around the world and Canada has a relatively average level of inequality compared to other OECD countries. Paul argues that consumption taxes disproportionately hurt low to middle income earners. He believes the best solutions are job creation, improving education, reducing tax havens, reforming trade practices, and stopping one-off policy proposals rather than comprehensive reforms.
2019 Election| Human Capital and Skills Management| May 2019paul young cpa, cga
For companies and government to be successful means they need to look at hard at their policies and programs to support development of their employees.
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
Trudeau government did not have the answer for slow growth
Government role with the economy is to support policies that encourage public sector growth
Global economy is competitive. Liberals are introducing hikes to CPP as well as a new Carbon Tax
Governments should neither get all credit for growing economy nor for a slowing economy
Canada’s GDP growth has been consistent for 15+ years and that is rate of about 2.2%.
Liberals infrastructure plan has been very slow which has not help construction industry since they took office in 2015
Liberals are on path to $100B new debt with growth rates same as the past 15+ years
Education| Skills and Development| Human Capital Management| Canada| May 2019paul young cpa, cga
The role of government is defined the educational programs required to support the economy. Too many govts across Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
Canada needs a Natural Resources development and export strategypaul young cpa, cga
Natural resources are key area as part of improving GDP per capita. All levels of govt need to work together to find sustainable ways to get natural resources out of the ground and to to market
For companies and government to be successful means they need to look at hard at their policies and programs to support development of their employees.
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.
There are more to fixing income inequality than making changes to social programs. There needs to be emphasis on all angles of policies from training/skills development to Economic Development to Tax fairness to cutting regulatory burden/businesses.
Real GDP rose 3.0% in 2017, following 1.4% growth in 2016. Much of this growth was attributable to the first two quarters of 2017, with deceleration observed toward the end of the year.
Final domestic demand advanced 3.0% with steady growth throughout the year.
Household final consumption expenditure rose 3.5%, with increased outlays on goods (+3.9%) and services (+3.2%). Increased expenditures on insurance and financial services (+5.0%) and purchases of vehicles (+6.3%) were strong contributors to growth.
Business gross fixed capital formation rose 2.6%, following a 4.5% decline in 2016. Investment in machinery and equipment (+6.0%) and residential structures (+3.1%) both increased sharply. Investment in non-residential structures rose 0.3%, following two annual declines.
Also contributing to growth was business investment in inventories, up by $13.9 billion, of which $13.6 billion was in non-farm inventories. Manufacturers, wholesalers, and retailers all added to their stocks in each quarter.
Exports grew 1.0% for the second consecutive year, with gains in both goods (+0.6%) and services (+2.8%). Imports increased 3.6% after falling 1.0% in 2016.
Compensation of employees rose 3.9% (nominal terms), contributing to a 4.8% gain in household disposable income.
This was slightly faster than the growth in household final consumption expenditure (+4.6%), and the household saving rate consequently edged up to 3.6%.
The gross operating surplus of corporations increased 9.5% as earnings of both non-financial and financial corporations rose sharply.
Expressed at an annualized rate, real GDP rose 1.7% in the fourth quarter. In comparison, real GDP in the United States grew 2.5%.
The document discusses taxation of the wealthiest Canadians and income analysis. It provides information on:
- The top 1% of income earners in Canada pay over 50% of income taxes and have incomes over $222,000.
- The top 1% earn their wealth through investments in stocks, bonds, and real estate and use accountants and lawyers to manage their taxes.
- Bad policies around carbon taxation, hydro rates, and CPP hikes could negatively impact both businesses and households.
- Money flows from companies to shareholders, capital investments, and pensions funds.
The document examines taxation of the wealthy and potential impacts of policies on economic growth and different income classes.
This document provides a policy review and agenda on immigration issues in Canada. It discusses costs associated with refugees, barriers facing new immigrants, and trends in permanent residency and immigration. Specific topics covered include the irregular border crisis, costs of resettling immigrants and refugees, differences between Conservative and Liberal Party immigration stances, and barriers impacting newly immigrated individuals. Sources are provided for all statistics and claims. The document aims to analyze issues around Canadian immigration policies.
Unions have a role to ensure they work with companies as part of the collective bargaining agreement
Unions have said little or nothing when it comes to policies that hinder Canada’s competitive position
CPC introduced oversight which was reversed by Trudeau and the Liberals - http://business.financialpost.com/opinion/trudeau-gives-big-labour-a-pass
2019 Election| Scorecard | Liberal Party of Canada | Prime Minister - Justin ...paul young cpa, cga
Here is a look at key areas of policy as part of assessing the success of Trudeau. Trudeau and his team often tout certain stats as way to show people they are successful. The problem is that many stats are very high level as such never discuss the details.
Federal Government Scorecard: Justin Trudeau - September 2018paul young cpa, cga
All governments should be measure by their ability to manage social programs, economy and foreign affairs.
This presentation provide information to provide people with the ability to assess the merits of Justin Trudeau and his government
The document is a summary and analysis of Canada's GDP and job market by Paul Young, CPA. It discusses various factors that influence GDP, including government spending, consumer spending, taxation and business returns. While governments often take credit for strong economies, 2/3 of GDP is typically driven by consumer spending. Higher taxes can reduce consumers' disposable income and lead to less spending. The document analyzes GDP and employment data from various periods under Liberal and Conservative governments in Canada. It argues the Liberals' policies of tax increases and canceled pipelines have negatively impacted GDP growth and job opportunities compared to under the previous Conservative government.
2019 Election| Human Capital and Skills Management| Canada| September 2019paul young cpa, cga
The document discusses skills gaps and training in Canada. It notes that the skills gap is costing economies billions due to lost productivity. Both the US and Canada are facing shortages in technical skills like IT. As baby boomers retire, their skills are leaving the workforce. Government training programs exist but may need to be modified to better align with employer needs. Teaching coding to youth and increasing online education options could help close skills gaps in Canada.
2019 Election| Human Capital and Skills Management| June 2019paul young cpa, cga
More emphasis on trades
Education needs to push people into math, sciences, trades and IT fields
All level governments need to stopped finding ways to tax people. The emphasis on government should be value for money
All levels of governments and the private sector need to work together on integrated strategy to ensure people are prepared for jobs of today and tomorrow
Ontario needs to eliminate the skill trades college
Immigration should not be based on a quota but tied to economic growth.
All levels of government need to streamline their regulations.
2019 Election| Careers Skills Training Education| Canada | May 2019 paul young cpa, cga
This document summarizes key issues related to skills development and training in Canada. It discusses the skills gap facing many employers and how this impacts productivity. Government training programs are outlined along with challenges around aligning education with job needs both currently and in the future. Specific regions like Hamilton, Ontario face challenges in developing skills for trades jobs. Multiple resources and blogs on topics like career management, soft skills, and online education are also referenced. Overall the document calls for a coordinated strategy between government and private sector to ensure Canadians have skills for today's and tomorrow's jobs.
2019 Election| Skills Management| Career and Employment| Canada| September 2019paul young cpa, cga
The role of government is defined the educational programs required to support the economy. Too many govts across Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
It is not one policy that supports human capital management but many policies
Harper faced 2008-2009 recession which included demands by the opposition to introduce a stimulus - https://www.slideshare.net/paulyoungcga/fiscal-management-cycle-debt-surpluses-deficits-canada-september-2019
Harper was not perfect and did make mistakes but never had any ethical violations like Trudeau - https://www.cbc.ca/news/politics/mario-dion-report-justin-trudeau-1.5247209
This document provides a summary of Paul Young's views on income inequality and potential solutions. It notes that income inequality is an issue around the world and Canada has a relatively average level of inequality compared to other OECD countries. Paul argues that consumption taxes disproportionately hurt low to middle income earners. He believes the best solutions are job creation, improving education, reducing tax havens, reforming trade practices, and stopping one-off policy proposals rather than comprehensive reforms.
2019 Election| Human Capital and Skills Management| May 2019paul young cpa, cga
For companies and government to be successful means they need to look at hard at their policies and programs to support development of their employees.
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
Trudeau government did not have the answer for slow growth
Government role with the economy is to support policies that encourage public sector growth
Global economy is competitive. Liberals are introducing hikes to CPP as well as a new Carbon Tax
Governments should neither get all credit for growing economy nor for a slowing economy
Canada’s GDP growth has been consistent for 15+ years and that is rate of about 2.2%.
Liberals infrastructure plan has been very slow which has not help construction industry since they took office in 2015
Liberals are on path to $100B new debt with growth rates same as the past 15+ years
Education| Skills and Development| Human Capital Management| Canada| May 2019paul young cpa, cga
The role of government is defined the educational programs required to support the economy. Too many govts across Canada have pushed programs that do not provide meaningful employment
The world continues to change as such governments need to address all their policies that support economic growth
Immigration should not be based on quota, but align where there voids in employment not filled by educational programs
Canada needs to become more competitive through reducing its reforming areas like taxation, regulations, trade/fipa deals and hydro rates.
All levels of government and the private sector need to fixed the education systems to ensure people have skills for today and tomorrow
Canada needs a Natural Resources development and export strategypaul young cpa, cga
Natural resources are key area as part of improving GDP per capita. All levels of govt need to work together to find sustainable ways to get natural resources out of the ground and to to market
For companies and government to be successful means they need to look at hard at their policies and programs to support development of their employees.
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.
There are more to fixing income inequality than making changes to social programs. There needs to be emphasis on all angles of policies from training/skills development to Economic Development to Tax fairness to cutting regulatory burden/businesses.
Real GDP rose 3.0% in 2017, following 1.4% growth in 2016. Much of this growth was attributable to the first two quarters of 2017, with deceleration observed toward the end of the year.
Final domestic demand advanced 3.0% with steady growth throughout the year.
Household final consumption expenditure rose 3.5%, with increased outlays on goods (+3.9%) and services (+3.2%). Increased expenditures on insurance and financial services (+5.0%) and purchases of vehicles (+6.3%) were strong contributors to growth.
Business gross fixed capital formation rose 2.6%, following a 4.5% decline in 2016. Investment in machinery and equipment (+6.0%) and residential structures (+3.1%) both increased sharply. Investment in non-residential structures rose 0.3%, following two annual declines.
Also contributing to growth was business investment in inventories, up by $13.9 billion, of which $13.6 billion was in non-farm inventories. Manufacturers, wholesalers, and retailers all added to their stocks in each quarter.
Exports grew 1.0% for the second consecutive year, with gains in both goods (+0.6%) and services (+2.8%). Imports increased 3.6% after falling 1.0% in 2016.
Compensation of employees rose 3.9% (nominal terms), contributing to a 4.8% gain in household disposable income.
This was slightly faster than the growth in household final consumption expenditure (+4.6%), and the household saving rate consequently edged up to 3.6%.
The gross operating surplus of corporations increased 9.5% as earnings of both non-financial and financial corporations rose sharply.
Expressed at an annualized rate, real GDP rose 1.7% in the fourth quarter. In comparison, real GDP in the United States grew 2.5%.
The document discusses taxation of the wealthiest Canadians and income analysis. It provides information on:
- The top 1% of income earners in Canada pay over 50% of income taxes and have incomes over $222,000.
- The top 1% earn their wealth through investments in stocks, bonds, and real estate and use accountants and lawyers to manage their taxes.
- Bad policies around carbon taxation, hydro rates, and CPP hikes could negatively impact both businesses and households.
- Money flows from companies to shareholders, capital investments, and pensions funds.
The document examines taxation of the wealthy and potential impacts of policies on economic growth and different income classes.
This document provides a policy review and agenda on immigration issues in Canada. It discusses costs associated with refugees, barriers facing new immigrants, and trends in permanent residency and immigration. Specific topics covered include the irregular border crisis, costs of resettling immigrants and refugees, differences between Conservative and Liberal Party immigration stances, and barriers impacting newly immigrated individuals. Sources are provided for all statistics and claims. The document aims to analyze issues around Canadian immigration policies.
Unions have a role to ensure they work with companies as part of the collective bargaining agreement
Unions have said little or nothing when it comes to policies that hinder Canada’s competitive position
CPC introduced oversight which was reversed by Trudeau and the Liberals - http://business.financialpost.com/opinion/trudeau-gives-big-labour-a-pass
2019 Election| Scorecard | Liberal Party of Canada | Prime Minister - Justin ...paul young cpa, cga
Here is a look at key areas of policy as part of assessing the success of Trudeau. Trudeau and his team often tout certain stats as way to show people they are successful. The problem is that many stats are very high level as such never discuss the details.
Federal Government Scorecard: Justin Trudeau - September 2018paul young cpa, cga
All governments should be measure by their ability to manage social programs, economy and foreign affairs.
This presentation provide information to provide people with the ability to assess the merits of Justin Trudeau and his government
This document provides a scorecard and analysis of the Liberal Party of Canada and Prime Minister Justin Trudeau's performance on various economic and policy issues from October 2018 to November 2018. It includes sections that analyze fiscal management, the economy, oil prices, employment, the environment, immigration, foreign affairs and other issues. For each section, it provides data sources and commentary that generally presents the Liberal government's performance negatively. It also includes links to blog posts and other documents that provide additional criticism of the Liberal government.
This document provides a summary and analysis of Canada's fiscal situation in October 2017 by Paul Young CPA, CGA. It includes an agenda with topics such as the fiscal update, employment, GDP, fiscal management, and risks. Employment growth has been strong but tilted towards self-employment. While GDP growth makes Canada the fastest growing G7 economy, some argue this is primarily due to a rebound in oil and not widespread job growth. Fiscal management and deficits under the Liberal government are also discussed and analyzed critically. Consumer confidence declined in September due to concerns around housing and personal finances. Risks mentioned include the upcoming federal carbon tax and its potential economic impacts, NAFTA renegotiations, the housing market, and slow
This document is a presentation by Paul Young, CPA, CGA on the topic of income inequality in Canada from September 2017. It discusses definitions of income inequality, potential ways to address it such as redistributing wealth and increasing funding to social programs and healthcare/education, and rebuttals against the argument that a guaranteed minimum income or increased taxes on the wealthy are solutions. It provides sources and links to support the presenter's perspective that growing the middle class and job creation, particularly in goods-producing sectors, would do more to reduce inequality than government dependency or tax increases.
This document discusses the economic outlook for Canada post-pandemic. It begins with an agenda covering topics like GDP, government spending, the stock market, household debt, farm incomes, and more. It then discusses challenges like high household debt levels, the need to transform government spending and operations, and job losses expected in March 2020. Suggestions are provided for economic recovery, including government stimulus programs, gradually reopening provinces while maintaining health measures, and long-term strategies around infrastructure spending, skills training, tax reform and encouraging domestic manufacturing.
2019 Election| Retirement| Payroll Tax| CPP | Canada| August 2019paul young cpa, cga
Here is a review of CPP including the fact CPP is payroll tax. The only difference between CPP and Income tax is that CPP goes to specific fund that the government cannot touch directly.
2019 Election| Public Sector Efficiency| Canada| July 2019paul young cpa, cga
The time for big government is now gone. Government needs to be re-size to ensure maximum value is being achieved for tax dollars that are collected by all levels of government.
This document provides an analysis of Canada's natural resources sector by Paul Young CPA CGA. It includes sections on oil prices and oil rigs, GDP contributions of different sectors, government policies around pipelines and carbon taxation, commodity prices, views of Gerald Butts and Justin Trudeau on natural resources, wages, and training opportunities. The document argues that Canada's natural resource development will lag until there are changes in government policies and a more integrated strategy across levels of government to advance projects.
This document provides an analysis of Canada's GDP and economic growth under different Prime Ministers. It includes biographical information about the author, Paul Young. Several sources are cited that discuss GDP growth rates and key economic factors under Harper and Trudeau. Justin Trudeau previously criticized Harper's economic record. However, the document argues that Harper pursued various policies to support trade, innovation and economic growth. It also questions whether Trudeau's policies around clean technology and carbon taxation have significantly boosted jobs and growth. Overall, the document takes a skeptical view of claims that Harper damaged the economy and questions whether growth has meaningfully increased under Trudeau.
Policy and Economic Analysis| Justin Trudeau| Liberal Government of Canada| A...paul young cpa, cga
This presentation highlights a few areas of the economy and government policies. Reviewers of this presentation can come to their own conclusions on whether Justin Trudeau policies have been successful or not
Canada already had a vibrant technology sector
Moving ideas from incubation to market takes time and moneys
Trudeau’s has increase taxes (hikes to CPP – 2019 or Carbon Taxation or elimination of tax credits - https://www.slideshare.net/paulyoungcga/middle-class-canada-february-2018
It will take a balance of policies to support economic. It is not one policy that drives the economy. The Liberals see to focus on increase taxes and giving handouts.
CPC in the past supported wide range of policy changes to support business investment - http://mb.cme-mec.ca/?lid=YXN82-W3NF7-IC132&comaction=show&cid=3CWP8-FKASM-JYNFE
2019 Election| Job Quality and Employment| Canada | June 2019paul young cpa, cga
This document analyzes employment trends in Canada from December 2015 to June 2019 using data from Statistics Canada. It finds that employment growth has primarily been in the services sector while goods-producing jobs have increased by only 6% since 2015. Specific provinces like Ontario and Alberta are discussed. Issues like precarious employment, brain drain, and compensation in the public vs private sector are also addressed. Solutions proposed include improving skills training, attracting foreign investment, and reforming taxation and government service delivery.
Who could see this coming that jobs would go out the door as employment shrunk by 88,000
P/T jobs are gone which is par for the course as many of them were Christmas related, right? Except that in January 2017 57K net new jobs were created, right?
Bank of Canada - What is next for Monetary Policies - May 2022.pptxpaul young cpa, cga
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.
Similar to Liberal Party of Canada and PM Trudeau - Fiscal and Economic Scorecard - 2017 (20)
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptxpaul young cpa, cga
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.pptxpaul young cpa, cga
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.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.
- 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.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/
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...paul young cpa, cga
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 - ...paul young cpa, cga
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...paul young cpa, cga
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.
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 ...paul young cpa, cga
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.pptxpaul young cpa, cga
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.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.
Workforce Planning and Employment Analysis - August 2023.pptxpaul young cpa, cga
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.pptxpaul young cpa, cga
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 ...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
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
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.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
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.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Liberal Party of Canada and PM Trudeau - Fiscal and Economic Scorecard - 2017
1. Liberal Party of Canada –
Economic Scorecard - 2017
PAUL YOUNG CPA, CGA
MARCH 3, 2018
2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. Summary
Government role is to support social program as
well as policies that will support economic
growth
The Liberals since they took office their focus
has been on social issues which are being driven
by agenda 2030 -
https://www.slideshare.net/paulyoungcga/what-
is-agenda-2030
Trudeau said he would run modest deficits
which has not
Trudeau has failed on major planks of his 2015
election campaign
Trudeau has caused tensions with countries like
India, Australia, China, Philippines, etc.
4. Agenda
Summary
GDP by Decade
GDP Analysis
Jobs Analysis
Wage Analysis
Middle Class
Competitiveness
Small Business
Goods to Market
Fiscal Management
Environment
Open and Transparent Government
Military
Veterans
Immigration
Foreign Affairs
6. GDP Analysis
Source – Stats Canada and http://www.gbm.scotiabank.com/English/bns_econ/forecast.pdf
• Liberal GDP will average 2.1% for their
mandate
• Liberals stimulus did nothing for the economy
-
https://www.forbes.com/sites/peterferrara/201
2/07/12/obamanomics-the-final-nail-in-the-
discredited-keynesian-coffin/#3249787fba7d
• Liberals have no plans to balance the budget
7. Job Analysis
Source – Stats Canada
• More people are working P/T jobs – Bill Morneau told people to get used to Job Churning -
http://www.metronews.ca/views/winnipeg/urban-compass/2016/10/24/finance-minister-bill-
morneau-does-not-understand-job-churn.html
• Liberals have dropped Goods Producing Jobs to 21.2% of Total Jobs
• Manufacturing and construction jobs have been added
• Natural Resources sector continues to bleed jobs
8. Wages
Source – Stats Canada
Wages – Canada
1. Harper had it right about wages -
http://business.financialpost.com/opinion/wi
lliam-watson-turns-out-the-harper-
government-was-actually-terrific-for-wage-
growth
2. https://globalnews.ca/news/3531614/averag
e-hourly-wage-canada-stagnant/ - Liberals
campaign was they were going to improve
wages - https://www.liberal.ca/wp-
content/uploads/2015/10/New-plan-for-a-
strong-middle-class.pdf
9. Middle Class
Trudeau’s GDP and Job growth are also not accurate in
terms of health of the economy -
https://www.slideshare.net/paulyoungcga/real-truth-
canada-and-united-states-gdp-january-2018
Canada is less competitive today than it was when
Harper left office -
https://www.slideshare.net/paulyoungcga/competitiven
ess-canada-vs-other-countries-january-2018
Harper had the best middle class in the world, right?
https://www.youtube.com/watch?v=yOl37VcG89c
(Trudeau has failed the middle class)
https://www.slideshare.net/paulyoungcga/middle-class-
canada-february-2018
80% of the Middle class are paying higher taxes under
the Liberals -
https://globalnews.ca/news/3769136/taxes-middle-
class-liberals/
This video is from a few years
back when CPC were in Power
10. Competitiveness
Source -
https://twitter.com/BloombergCA/status/966029218692980
737
Morneau and his team are doing the following:
-Hike payroll taxes (CPP)
-Introducing Carbon Tax (Regressive tax)
-Raising the cost for business due to longer regulatory
process
-Failing to complete trade deals
Canada is less competitive today!
https://www.slideshare.net/paulyoungcga/competitiven
ess-canada-vs-other-countries-january-2018 or
https://www.slideshare.net/paulyoungcga/capital-
investment-and-corporate-taxation-canada
Source -
https://www.thestar.com/news/canada/2018
/02/27/federal-budget-fails-to-help-
canadian-businesses-stay-competitive-
critics-charge.html
11. Small Business
“Canada’s minister of small business and tourism has acknowledged that the
Liberals should have done their homework a bit better before proposing a series of
controversial changes to the tax code last summer.
“Perhaps more information was necessary,” Bardish Chagger told The West Block‘s
Vassy Kapelos during an interview this weekend.
Small business is the back bone of the economy -
https://www.ic.gc.ca/eic/site/061.nsf/vwapj/ksbs-psrpe_june-
juin_2016_eng.pdf/%24file/ksbs-psrpe_june-juin_2016_eng.pdf
The new income sprinkling reasonability test will be a nightmare to enforce by
CRA - http://www.newswire.ca/news-releases/despite-some-improvements-new-
income-sprinkling-rules-still-a-lump-of-coal-for-small-business-663960463.html
Small business tax rate won’t matter if there is businesses shut down either
through Minimum Wage hikes (http://ottawacitizen.com/news/local-news/black-
tomato-to-close-after-23-years-owner-blames-minimum-wage-hike) or high
hydro rates (http://business.financialpost.com/opinion/a-whole-new-way-screw-
up-hydro-is-underway-in-ontario-and-b-c) or NAFTA Failings
(https://globalnews.ca/news/3918573/canadian-business-u-s-nafta/)
Chagger’s riding is home to start ups -
https://techvibes.com/2017/11/23/kitchener-waterloo-is-canadas-fastest-
growing-market-for-tech-talent
CFIB Survey shows small business are not happy with the new income sprinkling
and passive investment rules - https://insurance-journal.ca/article/small-
businesses-remain-very-concerned-about-proposed-tax-changes-says-cfib-survey/
The bigger issues is CRA will need resources which means other areas will be
impacted, like tax havens or transfer pricing or R&D credits -
https://www2.deloitte.com/content/dam/Deloitte/ca/Documents/tax/en_TP_OECD
_Country_Profiles_AODA.pdf or
http://www.macleans.ca/politics/ottawa/ottawa-claims-it-will-reap-25-billion-
from-tax-cheats-thats-wishful-thinking/ (You need resources including treaties to
enable closing down tax havens)
12. Blog – Goods to Market
Drillers are moving capital to USA as the USA is open more for business than Canada -
https://www.canadianmanufacturing.com/operations/exodus-canadian-drillers-move-rigs-south-chase-better-
prospects-texas-207499/
Approving and Building pipelines are two different events - https://globalnews.ca/news/3996008/bc-
government-strike-another-blow-to-stop-kinder-morgan-pipeline-expansion/
Trade Wars with the USA - http://business.financialpost.com/news/economy/forget-nafta-the-trade-war-with-
canada-has-already-started
No Software lumber deal despite having two years to get a deal done - https://ipolitics.ca/2018/01/29/give-us-
softwood-deal-well-drop-wto-case-canada-tells-u-s/
Lack of capital investment into Ports/Rail lines - https://globalnews.ca/news/3987860/port-of-hamilton-sees-
record-year-for-agricultural-shipments/. Hamilton had a great year, but that was due to investments made by
previous governments
More goods like oil are moving by rail. Rail is much more dangerous to transport oil than pipelines -
http://www.statcan.gc.ca/daily-quotidien/180131/dq180131c-eng.htm
Manufacturing continues to struggle with high hydro rates, more regulations and more taxes – The only reason
that growth was increased in November 2017 was due to lumber, petroleum and metal fabrication production
being up. https://www.slideshare.net/paulyoungcga/manufacturing-canada-november-2017
Trump continues to move to low tax and low regulation as compare to Trudeau that force carbon taxation,
hikes to CPP, small business tax reforms and more regulations -
https://www.slideshare.net/paulyoungcga/competitiveness-canada-vs-other-countries-january-2018
Canadian Manufacturing Association also said Harper’s policy were right in terms of supporting manufacturing
through innovation funds, tax policies, trade policies, etc. http://mb.cme-mec.ca/?lid=YXN82-W3NF7-
IC132&comaction=show&cid=3CWP8-FKASM-JYNFE
Your so called economic team is made up liberal party supporters as such is weak.
https://www.liberal.ca/liberals-unveil-membership-of-economic-council-of-advisors/
Liberal Party of Canada 2015 Election
Promise
https://www.liberal.ca/realchange/getting-
canadian-goods-to-market/
“Trade is vital for our economy. It opens
markets, grows Canadian businesses, and
creates good-paying middle class jobs –
jobs that pay wages that are 50 percent
higher than industries that are not export
intensive. That is good news for the middle
class and the communities they call home.
Stephen Harper’s approach to trade,
however, has failed. His Conservative
government has recorded the largest trade
deficit in Canadian history, and Canadians
are paying the price in lost job
opportunities.
While Stephen Harper may sign trade
deals, he walks away from partnering with
businesses and entrepreneurs to ensure
they can succeed in new markets and
create wealth and jobs for Canadians.
13. Tax, Profits and Capital Spending
Source – Government of Canada, BMO Economics and Stats Canada or https://www.bnn.ca/awash-in-red-ink-
canadian-clean-tech-struggling-despite-ottawa-s-green-goals-1.729679
Clean Technology
Annual Sales $65.0B (estimated)
Net Loss $3.7B(aggregate)
The old economy is
generating the funds to
support Clean Technology
Steel Tariffs
17. Harper’s approach in 2008-2009
Tax cuts
Infrastructure spending
EI extensions
Other targeted spending
Other new programs
- Tax cuts net Canadians $30B in savings
- Dedicated funding via Gas Tax and Build
Canada Funds
- Extension of EI benefits to workers
- Honored the CST and HST transferred
- Family tax benefits
- Tax Credits
- Pension Splitting
- TFSA
18. Rebuttal #1 – Surplus/(Deficits)
http://globalnews.ca/news/3739447/liberals-deficit-path-bill-
morneau/?utm_source=GlobalNews&utm_medium=Facebook
I am not surprised with this comment as the Liberals expenses are growing about 2x times faster than the
growth of GDP. Here is my surplus/deficit calculation - https://www.slideshare.net/paulyoungcga/canada-
cpc-and-liberals-surplus-debate. Yet if Harper did the same thing in terms of spending and deficits then
the left would have crucified him. So, why does PM Selfie get a free pass?
Secondly, the economy is projected to grow at slower rate in 2018 and beyond, why? Federal government
is pushing national carbon tax starting in 2018. The carbon tax will take money out of the economy -
http://business.financialpost.com/commodities/energy/ottawas-carbon-tax-plan-to-shrink-economy-by-
3-billion-hurt-loonie-in-2018-study. The adjustment is small, but it was shave a point or two off GDP.
Canada is also seeing correction in areas like manufacturing, construction, energy and utility sector.
Thirdly, GDP is project to drop back down to 1.9% to 2.2 range
https://www.slideshare.net/paulyoungcga/gdp-outlook-canada-and-the-world-september-8-2017 - see
slide 3 which shows you that Trudeau growth is same Harper was achieving post 2008-2009 recession.
19. Environment
In 2014 is when Canada was ranked 24th in the world when it came to sustainability including the environment. The Liberals took office in 2015 as such
the ranking for Canada is now 25 when it comes to sustainability. So, where are all these improvements to the environment? There are none! All the LPC
did was keep the same policies with one exception that is imposing a carbon tax on all provinces. Yet carbon taxes have been a failure. Australia yanked
the carbon tax as they were too punitive to the economy and did nothing for global emissions - http://www.cbc.ca/news/world/australia-s-carbon-tax-
repealed-after-2-years-1.2709642
Additional Sources - https://www.slideshare.net/paulyoungcga/environmental-ranking-sustainability-index-canada-and-world-november-2017 or
https://www.slideshare.net/paulyoungcga/global-emissions-co2-november-2017 or https://www.youtube.com/watch?v=C35pasCr6KI&t=468s
In 2014 is when Canada was ranked 24th in the world when it came to sustainability including the environment. The Liberals took office in 2015 as such
the ranking for Canada is now 25 when it comes to sustainability. So, where are all these improvements to the environment?
https://www.slideshare.net/paulyoungcga/environmental-ranking-sustainability-index-canada-and-world-november-2017 or
https://www.slideshare.net/paulyoungcga/global-emissions-co2-november-2017
We have United Nations which is pushing agenda 2030 including forcing carbon tax on countries like Canada. The United Nations never looks at how
foreign aid is used to improve areas of the environment like water management, deforestation, land management and air quality, why?
https://www.slideshare.net/paulyoungcga/agenda-2030-new-world-order-canada-november-2017 and
https://www.slideshare.net/paulyoungcga/foreign-aid-transparency-and-accountability-united-nations-december-2017
Other Sources - https://www.slideshare.net/paulyoungcga/environmental-issues-it-is-not-about-climate-change-february-2018
20. Open and
Transparent
Government
One of key to strong government is ensuring the integrity of government is
protecting. Government’s role is to serve the people in terms of supporting social
programs.
Trudeau said he would be more open and transparent with his government and
that has not been the case
Election Promise 2015 - https://www.liberal.ca/wp-
content/uploads/2015/06/a-fair-and-open-government.pdf
Key Quote
“Let's dispel once and for all with this fiction — to borrow a mangled phrase from a
dear departed Republican primary candidate — that the Liberal Party has brought
transparency to the Canadian government. The Liberal Party has not brought
transparency to the Canadian government.
We have known this for some time. Justin Trudeau's star cabinet ministers have made
fatuous non-answers the unofficial lullaby of most press conferences and question
periods.
Want to know why the Liberals abandoned electoral reform? Well, here are some
platitudes about the value of diverse voices in our democracy. How closely will the
government be involved in its supposedly arms-length multibillion-dollar infrastructure
bank? Uh … can I interest you in some banal remarks about building up the middle
class? How about quotes about investing in Canadians' future? – CBC – May 12, 2017 -
http://www.cbc.ca/news/opinion/government-transparency-1.4111341
Source - https://www.slideshare.net/paulyoungcga/open-and-transparent-government-
justin-trudeau-and-lpc-march-2018
21. Military
Liberals are nickel and dime of taxpayers to cut costs. Liberals have no fiscal plan to
balance the budget. It seems small business, middle class and military are the target
instead of tax havens and tax shelters -
https://www.slideshare.net/paulyoungcga/military-canadian-defense-november-2017
The military is already stretched including additions to headcount.
http://www.forces.gc.ca/en/about-reports-pubs-report-plan-priorities/2017-spending-
and-human-resources.page. It is hard to undertake missions abroad when you lack both
the resources and equipment. The Liberals defense plan pushes spending out to 2020 and
beyond - https://www.slideshare.net/paulyoungcga/military-canadian-defense-
november-2017
Where do we have peace? It is not the Middle East or Africa, right? So, how can you send
peacekeepers when there is no peace? http://www.cnn.com/2017/08/15/africa/un-
mission-timbuktu-attacked/index.html
Where is the UN? UN is great asking for money, but does little to curb corruption, right?
https://www.slideshare.net/paulyoungcga/foreign-aid-transparency-and-accountability-
october-2017
Source -
http://www.ctvnews.ca/video?binId=1.810401&cid=sm%3Atrueanthem%3Actvnews%3A
post&clipId=1254907&playlistId=1.3670791&utm_campaign=trueAnthem%3A+Trending
+Content&utm_content=5a04fa1500bd470006e9f036&utm_medium=trueAnthem&utm_
source=facebook
22. Veterans
Tweet – Veterans Affairs – LPC and Trudeau
Vets do not like the new pension.
http://www.cbc.ca/news/opinion/pension-for-life-
1.4468956
Pension does not kick in until after 2019 -
https://www.thestar.com/news/canada/2017/12/20
/liberals-unveil-pension-plan-for-injured-veterans-
but-wont-take-effect-until-2019.html
Harper was not perfect, but never told Veterans
there was no moneys -
https://www.slideshare.net/paulyoungcga/veterans
-affairs-canada-february-2018
Source -
https://www.youtube.com/watch?v=TgRAcpq8Hag
Source -
https://www.youtube.com/watch?v=bzAW-xCMB1k
23. Immigration
Who said he would welcome everyone?
http://globalnews.ca/news/3212041/justin-trudeau-refugees-donald-
trump-travel-ban/ “To those fleeing persecution, terror & war,
Canadians will welcome you, regardless of your faith. Diversity is our
strength #WelcomeToCanada. The ironic thing is that Trudeau did not
bring in the Christians or Yazidis “http://natoassociation.ca/is-
canada-doing-enough-to-help-yazidi-refugees/. The only reason
1,200 Yazidis came to Canada was due to CPC!
Here is what people think on immigration -
http://torontosun.com/news/national/canadians-sour-on-
immigration-according-to-government-survey
There is also a cost to refugees -
https://www.slideshare.net/paulyoungcga/refugee-crisis-canada-
june-2017
I am also very surprised that many people do not read beyond the
headlines, especially in terms of what ISIS is doing as part their next
action. http://www.nationalreview.com/article/450288/angela-
merkel-refugee-policy-threatens-german-security “It is not news that
ISIS has used the Syrian refugee crisis to infiltrate Europe. In January
2015, ISIS told Buzzfeed that it was doing precisely that. And in
November 2015, Iraqis posing as Syrian refugees helped slaughter
130 people on the streets of Paris.
Liberals / Refugees - http://www.macleans.ca/opinion/canadas-
immigration-system-is-no-kinder-than-americas/
Here are the stats - http://www.cic.gc.ca/english/refugees/asylum-
claimants-historical.asp
24. Foreign Affairs
Prime Minister and presidents speak to their
counterparts around the world. Many presidents
and prime ministers won’t agree with each other
on policy, but you need to respect each leaders
position
There is pattern with Trudeau that is world does
not view Trudeau as heavyweight, but a
lightweight
Trudeau maybe a fan with citizens of various
countries, but not leadership.
Trudeau has been called out many times for his
nonsensical statements.
Source -
https://www.slideshare.net/paulyoungcga/foreig
n-policies-and-affairs-justin-trudeau-and-
liberals-february-2018 or
https://rightlog.in/2018/02/trudeau-india-
khalistanis-01/