Canada’s economy has grown about 2% for the past 16+ years. The Liberals came to office and said they will increase GDP growth as the previous government did little in terms of growing the economy. Canada’s economy for the next decade or so will be on pace for 2% which is the same level from 2000-2015. Liberals will add $100B in new debt and have the same growth as the previous government of 2%.

1. Liberal Party of Canada –
How to Grow the Economy
Mandate – June 2017
PaulYoung CPA, CGA
Date: June 4, 2017

2. PaulYoung - Bio
• CPA, CGA
• Financial Solutions
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – SupplyChain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. Overview
▪ Canada’s economy has grown about 2% for the past 16+ years.The
Liberals came to office and said they will increase GDP growth as the
previous government did little in terms of growing the economy.
▪ Canada’s economy for the next decade or so will be on pace for 2%
which is the same level from 2000-2015.
▪ Liberals will add $100B in new debt and have the same growth as the
previous government of 2%.

4. GDP Growth Rates by year (Actual and
Forecasted)
▪ Scotiabank Economics
• Commodity prices are up close to 20% from
2016
• Housing prices are growing faster than GDP.
IMF has said that “Canada’s housing market
could be in for a market correction”
• Trade wars have begun in areas like forestry,
aerospace and dairy
• Household debt is ultimate high in Canada

5. % of Canada GDP – October 2015 vs March 2017
Stats Canada
• Liberals claim Harper/CPC were all
about oil in their policies.Yet Liberals
are more dependent on natural
resources as % of GDP than when
Harper was in office in October 2015
• Manufacturing sector as % of GDP is
the same underTrudeau/LPC
• Construction is down and that is to do
with infrastructure moneys not
flowing to municipalities through gas
tax fund, build canada fund and new
$120B infrastructure fund
• Many provinces have been struggling
with deficits hence spending is down
for the past 17 months.

6. Manufacturing Sales
• Transportation sector has been strong which
has supported by higher retail sales in both
Canada and United States
• Liberals are hikingCPP ad EI rates as part of
their fiscal management cycle
• Liberals are pushing carbo tax/pricing on the
provinces
• CleanTechnology companies have yet to turn
a profit
• Liberals have increased the grants to
innovation by over $2B from April 1, 2016 to
March 31, 2017

7. Summary
▪ No government has also the answer for economic growth
▪ It is not one policy, but many policies that support economic growth
▪ Canada’s IT sector continues to be a bright spot as more and more
companies are focusing on areas like expert farming or 3-D printing,
big data and analytics and supply chain management
▪ The previous CPC government has approved pipelines, but was not
able to complete the process in the house
▪ The previous CPC government allocated moneys to ports like Halifax,
Saint John, Prince Rupert, Milton (inland) and Regina (inland)