Manufacturing sales increased for the fifth consecutive month, up 4.2% to $67.7 billion in February on higher sales in 14 of 21 industries, led by the motor vehicle (+25.0%), food (+5.3%), petroleum and coal (+6.7%), and wood (+8.5%) industries. Meanwhile, sales of computer and electronic products decrease the most, down 7.9% to $1.2 billion in February. Total manufacturing sales rose 19.5% on a year-over-year basis in February.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220414/dq220414a-eng.htm
Summary:
Following seven consecutive monthly increases, manufacturing sales fell 2.0% to $71.6 billion in May, on lower sales in 11 of 21 industries. The decline was primarily driven by the motor vehicle (-31.9%), primary metal (-4.1%), and miscellaneous manufacturing (-10.8%) industries. Meanwhile, sales of petroleum and coal products (+5.4%) and machinery (+3.3%) increased the most.
Sales in constant dollars decreased 3.9% in May, indicating that lower volumes were responsible for the decline in sales on a current dollars basis, while the Industrial Product Price Index rose 1.7% in May.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220714/dq220714a-eng.htm
Manufacturing sales fell 0.9% to $71.6 billion in July, the third consecutive monthly decline, on lower sales in 12 of 21 industries, led by the primary metal (-9.9%), petroleum and coal product (-5.3%), and furniture and related products (-11.2%) industries. Meanwhile, sales of food (+2.5%), motor vehicle parts (+10.7%), and paper products (+8.1%) industries increased the most.
Chart 1
Manufacturing sales
Sales in constant dollars increased 0.6% in July, the second consecutive monthly increase, while the Industrial Product Price Index declined 2.1% for the month.
Source: https://www150.statcan.gc.ca/n1/daily-quotidien/220914/dq220914a-eng.htm
Canada - What is next for Manufacturing - August 2021 and September 2021paul young cpa, cga
Blog – What is next for Canada’s Manufacturing sector?
Following a 1.2% decline in July, manufacturing sales increased 0.5% to $60.3 billion in August, on higher sales of petroleum and coal (+7.3%), chemicals (+6.3) and primary metals (+3.3%). Sales of wood products (-17.1%), motor vehicles (-8.7%) and motor vehicle parts (-10.5%) declined the most. On a year-over-year basis, total sales were up 14.9% in August.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/211014/dq211014a-eng.htm
1. PMI – Canada - https://www.forexlive.com/news/!/canada-september-markit-pmi-20211001
2. Commodity prices continue to expand which is impacting the producer price index for manufacturers – https://www.marketwatch.com/story/canada-producer-price-index-declines-0-3-in-august-271632919807
3. Supply chain disruption - https://thoughtleadership.rbc.com/forward-guidance-our-weekly-preview/
4. Growth - https://www.reuters.com/world/americas/canada-factory-activity-sees-strong-growth-despite-supply-shocks-2021-10-01/
5. Reshoring - https://www.bdc.ca/en/articles-tools/blog/are-canadian-businesses-reshoring-production
6. Circular economy - https://www.marketwatch.com/story/a-better-way-than-recycling-these-manufacturers-are-taking-part-in-a-circular-economy-11633613962
7. Recycling - https://environmentjournal.ca/new-beverage-container-recycling-program-for-ontario/
8. Bio manufacturing - https://thehub.ca/2021-10-01/matt-spoke-now-is-the-time-to-make-canada-a-leader-in-bio-manufacturing/
9. Skills gaps - https://www.canadianmetalworking.com/canadianmetalworking/article/management/attracting-manufacturing-talent-needs-to-be-an-intentional-effort
10. Automation - https://www.ippt.ca/the-very-future-of-manufacturing-hinges-on-automation/
11. Food costs - https://www.producer.com/opinion/how-serious-is-food-inflation-in-canada/
Manufacturing sales rose 2.5% to $70.2 billion in March, the sixth consecutive monthly increase. Sales rose in 16 of 21 industries, led by the petroleum and coal (+9.1%), primary metal (+6.5%), paper (+9.3%), and chemical (+3.3%) product industries. Meanwhile, the machinery industry posted the largest decline (-4.9%).
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220516/dq220516a-eng.htm
Manufacturing sales rose 1.7% to $72.3 billion in April, mainly on higher sales in the petroleum and coal product (+3.7%), motor vehicle (+8.2%), and primary metal (+4.1%) as well as higher production of aerospace product and parts (+11.2%) industries. Meanwhile, wood product sales decreased the most (-6.0%).
Sales in constant dollars rose 0.9% in April, indicating that both prices and volume sold contributed to the gains in April. The Industrial Product Price Index rose 0.8% in April.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220614/dq220614a-eng.htm
Blog – What is next for Manufacturing in Canada – July 2022
Summary:
Following a 1.1% decline in May, manufacturing sales fell 0.8% to $71.8 billion in June, on lower sales in 8 of 21 industries, led by the petroleum and coal product (-7.8%), wood product (-7.2%) and aerospace product and parts (-16.8%) industries. Meanwhile, sales of motor vehicles (+13.8%) and chemical products (+6.0%) increased the most.
On a quarterly basis, sales rose 5.8% in the second quarter, the eighth consecutive quarterly gain and the third largest gain in dollars on record. The petroleum and coal industry (+21.9%) contributed the most to the increase, while the wood product industry (-6.3%) posted the largest quarterly decline.
Sales in constant dollars edged up 0.1% in June, while the Industrial Product Price Index declined 1.1% in that month. On a quarterly basis, constant dollars sales increased 1.3% in the second quarter.
Source – https://www150.statcan.gc.ca/n1/daily-quotidien/220815/dq220815a-eng.htm
Canada - What is next for Manufacturing | February 2022 and January 2022 paul young cpa, cga
Manufacturing sales rose for the fourth consecutive month, up 0.6% to $64.8 billion in January on higher sales in 14 of 21 industries, led by the petroleum and coal (+6.8%) and wood (+6.5%) product industries. The gain was partially offset by lower sales of motor vehicles (-17.5%). On a year-over-year basis, total manufacturing sales were up 13.4% in January.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220315/dq220315a-eng.htm
Canada - What is next for Manufacturing - September 2021 and October 2021paul young cpa, cga
Manufacturing sales declined 3.0% to $58.5 billion in September, the lowest level since May 2021. Sales decreased in 12 of 21 industries, with most of the decline attributable to lower sales of motor vehicles due to the shortage of semiconductors. The decrease was partially offset by higher sales in the petroleum and coal industry.
Sales in constant dollars decreased 4.2% in September, indicating a lower volume of goods sold. Month over month, the Industrial Product Price Index rose 1.0% in September, while the Raw Materials Price Index increased 2.5% .
https://www150.statcan.gc.ca/n1/daily-quotidien/211115/dq211115a-eng.htm
1. Supply chain - https://www.marketwatch.com/story/canada-manufacturing-sales-fall-3-in-september-on-supply-chain-constraints-271636984588
2. AB boon – https://financialpost.com/commodities/energy/oil-gas/albertas-swagger-is-back-and-this-time-its-not-just-an-oil-led-boom
3. Input costs - https://www.bnnbloomberg.ca/higher-input-costs-delays-restrain-global-manufacturing-1.1675806
4. Automation – https://www.ippt.ca/schneider-partners-with-optimach-to-expand-automation-in-quebec-new-brunswick/
5. Electric Arc furnace - https://www.canadianmanufacturing.com/manufacturing/algoma-steel-announces-investment-decision-for-electric-arc-steelmaking-275453/
6. Digital - https://www.bdo.ca/en-ca/insights/advisory/technology/the-importance-of-digitizing-the-workplace/
7. Advance - https://news.gov.bc.ca/releases/2021JERI0024-000609
8. Output - https://www.atb.com/company/insights/the-owl/mapping-the-recovery-by-industry/
9. Circular - https://www.plant.ca/features/opportunities-for-industrial-manufacturers-at-the-intersection-of-sustainability-ai-and-ethics/
10. Productivity - https://www.statista.com/statistics/462931/labour-productivity-in-canada-by-province/
Summary:
Following seven consecutive monthly increases, manufacturing sales fell 2.0% to $71.6 billion in May, on lower sales in 11 of 21 industries. The decline was primarily driven by the motor vehicle (-31.9%), primary metal (-4.1%), and miscellaneous manufacturing (-10.8%) industries. Meanwhile, sales of petroleum and coal products (+5.4%) and machinery (+3.3%) increased the most.
Sales in constant dollars decreased 3.9% in May, indicating that lower volumes were responsible for the decline in sales on a current dollars basis, while the Industrial Product Price Index rose 1.7% in May.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220714/dq220714a-eng.htm
Manufacturing sales fell 0.9% to $71.6 billion in July, the third consecutive monthly decline, on lower sales in 12 of 21 industries, led by the primary metal (-9.9%), petroleum and coal product (-5.3%), and furniture and related products (-11.2%) industries. Meanwhile, sales of food (+2.5%), motor vehicle parts (+10.7%), and paper products (+8.1%) industries increased the most.
Chart 1
Manufacturing sales
Sales in constant dollars increased 0.6% in July, the second consecutive monthly increase, while the Industrial Product Price Index declined 2.1% for the month.
Source: https://www150.statcan.gc.ca/n1/daily-quotidien/220914/dq220914a-eng.htm
Canada - What is next for Manufacturing - August 2021 and September 2021paul young cpa, cga
Blog – What is next for Canada’s Manufacturing sector?
Following a 1.2% decline in July, manufacturing sales increased 0.5% to $60.3 billion in August, on higher sales of petroleum and coal (+7.3%), chemicals (+6.3) and primary metals (+3.3%). Sales of wood products (-17.1%), motor vehicles (-8.7%) and motor vehicle parts (-10.5%) declined the most. On a year-over-year basis, total sales were up 14.9% in August.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/211014/dq211014a-eng.htm
1. PMI – Canada - https://www.forexlive.com/news/!/canada-september-markit-pmi-20211001
2. Commodity prices continue to expand which is impacting the producer price index for manufacturers – https://www.marketwatch.com/story/canada-producer-price-index-declines-0-3-in-august-271632919807
3. Supply chain disruption - https://thoughtleadership.rbc.com/forward-guidance-our-weekly-preview/
4. Growth - https://www.reuters.com/world/americas/canada-factory-activity-sees-strong-growth-despite-supply-shocks-2021-10-01/
5. Reshoring - https://www.bdc.ca/en/articles-tools/blog/are-canadian-businesses-reshoring-production
6. Circular economy - https://www.marketwatch.com/story/a-better-way-than-recycling-these-manufacturers-are-taking-part-in-a-circular-economy-11633613962
7. Recycling - https://environmentjournal.ca/new-beverage-container-recycling-program-for-ontario/
8. Bio manufacturing - https://thehub.ca/2021-10-01/matt-spoke-now-is-the-time-to-make-canada-a-leader-in-bio-manufacturing/
9. Skills gaps - https://www.canadianmetalworking.com/canadianmetalworking/article/management/attracting-manufacturing-talent-needs-to-be-an-intentional-effort
10. Automation - https://www.ippt.ca/the-very-future-of-manufacturing-hinges-on-automation/
11. Food costs - https://www.producer.com/opinion/how-serious-is-food-inflation-in-canada/
Manufacturing sales rose 2.5% to $70.2 billion in March, the sixth consecutive monthly increase. Sales rose in 16 of 21 industries, led by the petroleum and coal (+9.1%), primary metal (+6.5%), paper (+9.3%), and chemical (+3.3%) product industries. Meanwhile, the machinery industry posted the largest decline (-4.9%).
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220516/dq220516a-eng.htm
Manufacturing sales rose 1.7% to $72.3 billion in April, mainly on higher sales in the petroleum and coal product (+3.7%), motor vehicle (+8.2%), and primary metal (+4.1%) as well as higher production of aerospace product and parts (+11.2%) industries. Meanwhile, wood product sales decreased the most (-6.0%).
Sales in constant dollars rose 0.9% in April, indicating that both prices and volume sold contributed to the gains in April. The Industrial Product Price Index rose 0.8% in April.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220614/dq220614a-eng.htm
Blog – What is next for Manufacturing in Canada – July 2022
Summary:
Following a 1.1% decline in May, manufacturing sales fell 0.8% to $71.8 billion in June, on lower sales in 8 of 21 industries, led by the petroleum and coal product (-7.8%), wood product (-7.2%) and aerospace product and parts (-16.8%) industries. Meanwhile, sales of motor vehicles (+13.8%) and chemical products (+6.0%) increased the most.
On a quarterly basis, sales rose 5.8% in the second quarter, the eighth consecutive quarterly gain and the third largest gain in dollars on record. The petroleum and coal industry (+21.9%) contributed the most to the increase, while the wood product industry (-6.3%) posted the largest quarterly decline.
Sales in constant dollars edged up 0.1% in June, while the Industrial Product Price Index declined 1.1% in that month. On a quarterly basis, constant dollars sales increased 1.3% in the second quarter.
Source – https://www150.statcan.gc.ca/n1/daily-quotidien/220815/dq220815a-eng.htm
Canada - What is next for Manufacturing | February 2022 and January 2022 paul young cpa, cga
Manufacturing sales rose for the fourth consecutive month, up 0.6% to $64.8 billion in January on higher sales in 14 of 21 industries, led by the petroleum and coal (+6.8%) and wood (+6.5%) product industries. The gain was partially offset by lower sales of motor vehicles (-17.5%). On a year-over-year basis, total manufacturing sales were up 13.4% in January.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220315/dq220315a-eng.htm
Canada - What is next for Manufacturing - September 2021 and October 2021paul young cpa, cga
Manufacturing sales declined 3.0% to $58.5 billion in September, the lowest level since May 2021. Sales decreased in 12 of 21 industries, with most of the decline attributable to lower sales of motor vehicles due to the shortage of semiconductors. The decrease was partially offset by higher sales in the petroleum and coal industry.
Sales in constant dollars decreased 4.2% in September, indicating a lower volume of goods sold. Month over month, the Industrial Product Price Index rose 1.0% in September, while the Raw Materials Price Index increased 2.5% .
https://www150.statcan.gc.ca/n1/daily-quotidien/211115/dq211115a-eng.htm
1. Supply chain - https://www.marketwatch.com/story/canada-manufacturing-sales-fall-3-in-september-on-supply-chain-constraints-271636984588
2. AB boon – https://financialpost.com/commodities/energy/oil-gas/albertas-swagger-is-back-and-this-time-its-not-just-an-oil-led-boom
3. Input costs - https://www.bnnbloomberg.ca/higher-input-costs-delays-restrain-global-manufacturing-1.1675806
4. Automation – https://www.ippt.ca/schneider-partners-with-optimach-to-expand-automation-in-quebec-new-brunswick/
5. Electric Arc furnace - https://www.canadianmanufacturing.com/manufacturing/algoma-steel-announces-investment-decision-for-electric-arc-steelmaking-275453/
6. Digital - https://www.bdo.ca/en-ca/insights/advisory/technology/the-importance-of-digitizing-the-workplace/
7. Advance - https://news.gov.bc.ca/releases/2021JERI0024-000609
8. Output - https://www.atb.com/company/insights/the-owl/mapping-the-recovery-by-industry/
9. Circular - https://www.plant.ca/features/opportunities-for-industrial-manufacturers-at-the-intersection-of-sustainability-ai-and-ethics/
10. Productivity - https://www.statista.com/statistics/462931/labour-productivity-in-canada-by-province/
Canada - What is next for Manufacturing - November 2021 and December 2021paul young cpa, cga
Blog – What is next for Canada’s Manufacturing Sector
Manufacturing sales rose for a second consecutive month in November, rising 2.6% to $63.1 billion on higher sales in 18 of 21 industries, led by the primary metal, petroleum and coal product, non-metallic mineral, and food product industries.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220117/dq220117b-eng.htm
1. Sustainable manufacturing practices - https://www.corporateknights.com/energy/how-to-transform-canadas-heavy-industry-into-a-net-zero-powerhouse/
2. Five things to watch - https://www.yorkregion.com/news-story/10555064-five-things-to-watch-for-in-canadian-business/
3. Global commodity index - https://www.yorkregion.com/news-story/10555064-five-things-to-watch-for-in-canadian-business/
4. Adoption of 3D printing - https://themanifest.com/ca/product-design/3d/agencies
5. Supply Chain - https://www.supplychainbrain.com/blogs/1-think-tank/post/34349-how-3d-printing-can-streamline-supply-chains
6. Robotics - https://blog.waterlooedc.ca/waterloo-robotics-companies and https://blog.waterlooedc.ca/waterloo-robotics-companies
7. FDI - https://www.fdiintelligence.com/article/80585
8. USA policies are focusing on support clean technology made by union labor - https://montreal.ctvnews.ca/quebec-e-bus-maker-lion-electric-moves-into-u-s-plant-1.5734014
9. Rural areas - https://www150.statcan.gc.ca/n1/pub/45-28-0001/2022001/article/00001-eng.htm
10. Lumber - https://www.woodbusiness.ca/2022-lumber-markets-outlook/
11. Oil - https://ca.news.yahoo.com/canada-oil-gas-production-exploration-151300488.html
12. Natural Resources sector - https://www150.statcan.gc.ca/n1/daily-quotidien/220114/dq220114a-eng.htm
13. Near-shoring Canada - https://www.msn.com/en-ca/money/topstories/as-supply-chain-issues-persist-champagne-set-to-meet-with-industry/ar-AASI4ZM
Manufacturing Sector - Canada - February 2023 and March 2023.pptxpaul young cpa, cga
Summary:
Canadian manufacturing sales declined 3.6% to $71.5 billion in February, following a 4.5% increase in January. The decreases were observed in 12 of 21 industries, led by the petroleum and coal product (-14.9%), motor vehicle (-12.3%) and primary metal (-4.2%) industries. Conversely, the machinery (+3.0%) and electrical equipment, appliance and component (+6.0%) industries posted the largest increases. Year over year, total sales were up 3.8% in February.
The monthly decline resulted from lower volumes and prices as sales in real terms decreased 2.4% in February and the Industrial Product Price Index edged down 0.8%
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/230414/dq230414a-eng.htm
Additional Sources:
Blog - EPA emissions limits to try and boost U.S. EV sales - https://www.linkedin.com/posts/paul-young-055632b_epa-emissions-limits-to-try-and-boost-us-activity-7052610189279072256-0ZWW?utm_source=share&utm_medium=member_desktop
Blog – ESG and Sustainability Reporting – Clean Tech Opportunities for the Manufacturing Sector - https://www.linkedin.com/posts/paul-young-055632b_plant-opportunities-in-clean-technology-activity-7052607059812356096-ZLW5?utm_source=share&utm_medium=member_desktop
Input costs continue to plague manufacturers - https://www.spglobal.com/marketintelligence/en/mi/research-analysis/global-manufacturing-input-cost-inflation-sinks-to-32month-low-apr23.html
Manufacturing and technology - https://supplychaingamechanger.com/5-sweeping-manufacturing-technology-trends/
Rise of smart manufacturing - https://thesiliconpartners.com/automation/the-rise-of-smart-manufacturing/
Manufacturing PMI - https://www.fxstreet.com/news/canada-sp-global-manufacturing-pmi-declines-to-486-in-march-vs-517-expected-202304031345
Supply chain - https://www.ey.com/en_za/consulting/supply-chains-building-resilience-to-move-full-speed-ahead
ESG / Sustainability - https://www.nasdaq.com/articles/developing-innovation-for-esg-and-sustainability-investing
Summary:
Manufacturing sales fell 2.0% to $70.4 billion in August, the fourth consecutive monthly decline. There were lower sales in 17 of 21 industries, led by the petroleum and coal product (-3.9%), chemical (-4.5%), primary metal (-3.2%), paper (-5.7%) and wood product (-4.3%) industries. Meanwhile, sales of beverage and tobacco products (+5.5%) and food (+0.6%) increased the most.
Chart 1
Manufacturing sales
Sales in constant dollars decreased 1.7% in August, indicating lower volume of goods sold. Month over month, the Industrial Product Price Index declined 1.2% in August.
Blog – Canada Manufacturing Sector Analysis and Commentary for July 2023
Summary:
Canada manufacturing sales rose 1.2% mom to CAD 72.9B in May, above expectation of 0.8%mom. The rise was mainly driven by higher sales of chemical products (+4.8%), motor vehicles (+4.8%) and machinery (+4.2%). Sales in primary metal manufacturing decreased the most (-6.9%).
Source - https://www.actionforex.com/live-comments/509996-canada-manufacturing-sales-rose-1-2-mom-in-may/
Other links and sources:
Commodity prices - https://www.capitaleconomics.com/publications/commodities-outlook/energy-prices-buck-downbeat-trend
Raw material costs - https://www.homebuilding.co.uk/news/construction-materials-shortage
Inventory - https://www.oliverwyman.com/our-expertise/insights/2023/jul/how-manufacturers-can-reduce-inventory-crises.html
ESG - https://www.plantemoran.com/get-to-know/news/2023/07/esg-standards-crucial-for-automakers
Downtime / Predictable Analytics - https://www.iiot-world.com/predictive-analytics/predictive-maintenance/the-actual-cost-of-downtime-in-the-manufacturing-industry/
Advanced Manufacturing - https://www.kearney.com/service/operations-performance/article/navigating-the-future-of-manufacturing
Summary:
The copper price jumped on Tuesday after weak US manufacturing data eased concerns that the Federal Reserve will tighten monetary policy too rapidly.
The Institute for Supply Management’s gauge of US factory activity dropped to the lowest in more than two years in September, causing the dollar to retreat.
Source - https://www.usatoday.com/story/money/business/2022/10/03/s-p-500-dow-nasdaq-uk-axes-planned-tax-cut/8167019001/ or https://www.mining.com/copper-price-jumps-after-weak-us-manufacturing-data/
Blog – Analysis and Commentary for Canada Manufacturing Sector – August 2023
Summary:
Manufacturing sales decreased 1.7% to $71.5 billion in June, on widespread declines over 14 of 21 subsectors, led by the petroleum and coal product (-8.3%), chemical (-6.5%), and machinery (-5.5%) subsectors. Sales of motor vehicles increased the most, rising 11.4% to $5.6 billion in June. On a quarterly basis, total sales fell 0.8% in the second quarter of 2023, mainly on lower sales in the petroleum and coal product (-8.1%) and primary metal (-8.9%) subsectors. Year over year, total sales decreased 1.4% in June.
Source: https://www150.statcan.gc.ca/n1/daily-quotidien/230815/dq230815b-eng.htm
Other sources and links:
Manufacturing outlook - https://www.bnnbloomberg.ca/statistics-canada-reports-manufacturing-sales-down-1-7-per-cent-in-june-1.1959187
Lithium - https://newsdirect.com/news/lightning-minerals-acquires-highly-prospective-canadian-lithium-projects-961963537
Algoma - https://www.steelorbis.com/steel-news/latest-news/canadas-algoma-steel-posts-lower-net-profit-for-q1-amid-lower-prices-higher-costs-1302133.htm
Forestry - https://www.woodbusiness.ca/forests-on-challenging-terrain/
Mining - https://financialpost.com/commodities/mining/1-year-us-inflation-reduction-act-how-canada-responded
ESG Bonds - https://www.bnnbloomberg.ca/s-p-decision-to-ax-esg-scores-from-bond-ratings-splits-market-1.1959099
Food - https://thoughtleadership.rbc.com/reboot-of-the-growing-challenge-part-3-the-hidden-threat-of-food-spoilage-and-waste/
Commodities - https://www.reuters.com/markets/tsx-futures-sink-weak-commodity-prices-canadas-cpi-focus-2023-08-15/
Supply chain risks - https://www.supplychainbrain.com/articles/37880-five-preventive-measures-to-mitigate-supply-chain-risk
Technologies - https://www.sme.org/technologies/articles/2023/august/6-ways-robots-are-changing-manufacturing/
Critical metals – https://www.dentonsmininglaw.com/driving-sustainability-how-electric-vehicles-critical-minerals-and-governments-are-shaping-the-future-of-mobility/
Summary:
• The May ISM manufacturing index registered 56.1, topping expectations of a 54.5 print. The index rose 0.7 percentage points from the April reading of 55.4.
• New orders rose by 1.6 percentage points to 55.1, while new export orders rose by 0.2 percentage points to 52.9.
• The backlog of orders sub-index came in at 58.7, rising 2.7 percentage points from April's 56.0 print.
• The production index increased 0.6 percentage points to 54.2 while the employment index fell 1.3 percentage points to 49.6.
• The supplier deliveries sub-index fell to 65.7 from 67.2 in April. The sub-index continues to reflect difficulties in improving delivery rates due to production issues related to the pandemic.
• 15 of 18 manufacturing industries reported growth in May. Growth was led by Apparel, Leather & Allied Products; printing & Related Support Activities; Machinery; Nonmetallic Mineral Products; Computer Electronic Products; and Food, Beverage & Tobacco Products.
Source - https://economics.td.com/us-ism-manufacturing-index
Dawn of a new era for Small-to Medium Size Public and Private Sectors Entitiespaul young cpa, cga
Blog – Dawn of a new Era for Small to Medium-size Businesses
Small and medium-size businesses are the backbone to the Canada’s economy. The new era will see many changes to how both the private and public sector operate as part of delivering goods and services to its consumers.
1. Connectivity and online solutions - https://ca.sports.yahoo.com/news/canadian-small-business-owners-business-130000061.html
2. Resiliency and small businesses - https://www.bnnbloomberg.ca/we-ve-been-resilient-it-hasn-t-been-easy-canadian-small-businesses-on-navigating-covid-1.1663903
3. Small business optimism - https://canadiansme.ca/canadian-small-business-owners-feeling-optimistic-about-the-future-with-bipoc-owned-businesses-further-along-on-the-path-to-recovery-scotiabank-report-finds/
4. Taxes - https://www.newswire.ca/news-releases/tax-tip-the-canada-revenue-agency-reaffirms-its-commitment-to-small-businesses-during-small-business-week-2021-883960980.html
5. ESG - https://www.investmentexecutive.com/newspaper_/news-newspaper/disclosure-reforms-draw-praise-concern/
6. Skills gap - https://www.northernontariobusiness.com/industry-news/agriculture/workforce-strategy-underway-to-address-labour-gaps-in-agriculture-4510982
7. Innovation - https://www.ept.ca/2021/10/national-organization-helps-canadian-smes-innovate/
8. Carbon tax - https://www.todayville.com/edmonton/is-federal-carbon-tax-killing-jobs-experts-say-answer-isnt-black-and-white-2/
9. Clean - https://www.canadianmanufacturing.com/features/canada-is-aiming-for-carbon-neutrality-and-that-will-mean-big-changes-to-how-we-produce-and-consume-energy/
10. Circular economy - https://www.marketwatch.com/story/a-better-way-than-recycling-these-manufacturers-are-taking-part-in-a-circular-economy-11633613962
What is up with the Stock Market for WE - May 12 2023.pptxpaul young cpa, cga
Blog – Stock Market Analysis and Commentary for the WE May 12, 2023
Summary:
U.S. stocks closed lower on Thursday dragged down by Disney as the company reported a sharp decline in subscribers, while concerns around regional banks once again grew, denting investors’ confidence. The S&P 500 and Dow ended in negative territory but the Nasdaq closed in the green.
How Did The Benchmarks Perform?
The Dow Jones Industrial Average (DJI) fell 0.7% or 221.82 points to finish at 33,309.51 points.
The S&P 500 declined 0.2% or 7.02 points to end at 4,130.82 points. Energy, utilities and materials stocks were the worst performers.
]The Energy Select Sector SPDR (XLE) and Utilities Select Sector SPDR (XLU) declined 1.2% and 1%, respectively. The Real Estate Select Sector SPDR (XLRE) and Materials Select Sector SPDR (XLB) also lost 1% each. Eight of the 11 sectors of the benchmark index ended in negative territory.
The tech-heavy Nasdaq rose 0.2% or 22.06 points to close at 12,328.50 points.
The fear-gauge CBOE Volatility Index (VIX) was down 0.06% to 16.93. Decliners outnumbered advancers on the NYSE by a 2.27-to-1 ratio. On Nasdaq, a 1.67-to-1 ratio favored declining issues. A total of 10.05 billion shares were traded on Thursday, lower than the last 20-session average of 10.69 billion.
Source: https://ca.finance.yahoo.com/news/stock-market-news-may-12-133001363.html
Manufacturing Sector Analysis and Commentary - June 2023.pptxpaul young cpa, cga
Blog – Manufacturing Analysis and Commentary – June 2023
Summary:
The sector, which accounts for 11.3% of the economy, is being dragged down by the Federal Reserve's fastest interest rate hiking campaign since the 1980s.
Banks also have tightened lending following the recent failures of three U.S. banks, while spending is shifting away from goods, typically bought on credit, to services.
Businesses are cutting back on restocking in anticipation of weaker demand later this year. The Institute for Supply Management last week said its manufacturing PMI contracted for a seventh straight month in May.
Orders for transportation equipment increased 3.7% on top of a 9.8% jump in March. Civilian aircraft orders fell 8.5% after having surged by 96% in the prior month. Motor vehicle orders edged up 0.5%. Excluding transportation, orders fell 0.2%, dropping for a third straight month and to their lowest since February 2022.
Orders for machinery rose 1.0%, but bookings for computers and electronic products fell 1.4%. Orders for electrical equipment, appliances and components dropped 1.7%.
Shipments of manufactured goods fell 0.4%. The inventory of manufactured goods at factories rose 0.5%. Unfilled orders at factories rose 0.8
Source - https://money.usnews.com/investing/news/articles/2023-06-05/u-s-factory-orders-rise-in-april
Additional links and sources:
Class 8 orders - https://www.freightwaves.com/news/rising-may-class-8-truck-orders-less-telling-than-backlog-burn
Automotive Sales - https://www.americanexpress.com/en-us/business/trends-and-insights/videos/automotive-industry/
Steel Production - https://www.steelorbis.com/steel-news/latest-news/us-raw-steel-production-up-10-percent-week-on-week-1292937.htm
Agricultural Equipment - https://www.businesswire.com/news/home/20230530005385/en/North-America-Tractor-Market-Outlook-Forecasts-Report-2023-2028-Featuring-Key-Vendors---John-Deere-CNH-Industrial-AGCO-Kubota---ResearchAndMarkets.com
Construction equipment - https://www.farmequip.org/news/demand-for-new-factories-drives-growth-in-construction-spending/
Oil Rigs - https://www.rigzone.com/oil/news/north_america_loses_more_rigs-05-jun-2023-172968-article/
Ports - https://www.hapag-lloyd.com/en/services-information/operational-updates/north-america.html
Lithium - https://seekingalpha.com/article/4609592-lit-economic-weakness-in-china-may-impact-ev-sales
Costs - https://www.comerica.com/insights/economic-commentary/ism-pmis-softer-than-expected-in-may-and-inflation-is-slowing.html
Technologies - https://levelup.gitconnected.com/top-10-breakthrough-technologies-you-must-know-in-2023-991cc1db8ac9
ESG - https://www.forbes.com/sites/columbiabusinessschool/2023/06/05/what-esg-investors-must-demand-for-credible-sustainability-reporting/?sh=1cf2162f2fd7
Technology will continue to play a big role in terms of the global economy. Countries need to revisit their various policies as part of supporting the technology sector in their country.
Canada has struggle for the past few years with attracting key FDI, especially in areas like natural resources development.
Canada has also struggle with how to best approach innovation. The so-called job clusters have failed to achieve the desired outcome. More needs to be done to better support innovation across Canada.
The public sector payroll continues to grow. The size of government is becoming a enormous issues for many countries, especially in areas like value for money, improving outcomes, and tax fairness.
1. In demand skills - https://www.analyticssteps.com/blogs/most-demand-technologies-2022
2. BI - https://www.analyticsinsight.net/top-business-intelligence-trends-and-predictions-for-2022/
3. Top AI - https://www.simplilearn.com/tutorials/artificial-intelligence-tutorial/artificial-intelligence-applications
4. Switzerland continues to dominate the world in terms of innovation - https://www.iamsterdam.com/en/business/news-and-insights/news/2021/the-netherlands-ranks-sixth-in-global-innovation-index-2021
5. Sustainable - https://behrtech.com/blog/iot-and-sustainability-7-applications-for-a-greener-planet/
6. Sustainable - https://energywatch-inc.com/sustainability-trends-2021-2022/
7. Report Canada - https://www.conferenceboard.ca/focus-areas/innovation-technology/innovation-report-card
8. FDI - https://betakit.com/canadian-municipal-regions-call-on-federal-government-for-more-support-for-foreign-direct-investment-program/
9. Job vacancies - https://www150.statcan.gc.ca/n1/daily-quotidien/210921/dq210921a-eng.htm
10. Skills gap - https://www.dashe.com/blog/unraveling-digital-skills-gaps-in-the-modern-workplace
Durable Goods and Capital Spending - United States and the World - April 2023...paul young cpa, cga
Blog – Durable Goods and Capital Spending Analysis and Commentary – April 2023
Summary:
The Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods surged by much more than expected in March amid a substantial rebound in orders for transportation equipment.
The report said durable goods orders spiked by 3.2 percent in March after tumbling by a revised 1.2 percent in February.
Economists had expected durable goods orders to climb by 0.8 percent compared to the 1.0 percent slump that had been reported for the previous month.
Excluding the jump in orders for transportation equipment, durable goods orders rose by 0.3 percent in March after falling by 0.3 percent in February. Ex-transportation orders were expected to dip by 0.2 percent.
Source – https://www.nasdaq.com/articles/u.s.-durable-goods-orders-surge-much-more-than-expected-in-march
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.
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.
Canada - What is next for Manufacturing - November 2021 and December 2021paul young cpa, cga
Blog – What is next for Canada’s Manufacturing Sector
Manufacturing sales rose for a second consecutive month in November, rising 2.6% to $63.1 billion on higher sales in 18 of 21 industries, led by the primary metal, petroleum and coal product, non-metallic mineral, and food product industries.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220117/dq220117b-eng.htm
1. Sustainable manufacturing practices - https://www.corporateknights.com/energy/how-to-transform-canadas-heavy-industry-into-a-net-zero-powerhouse/
2. Five things to watch - https://www.yorkregion.com/news-story/10555064-five-things-to-watch-for-in-canadian-business/
3. Global commodity index - https://www.yorkregion.com/news-story/10555064-five-things-to-watch-for-in-canadian-business/
4. Adoption of 3D printing - https://themanifest.com/ca/product-design/3d/agencies
5. Supply Chain - https://www.supplychainbrain.com/blogs/1-think-tank/post/34349-how-3d-printing-can-streamline-supply-chains
6. Robotics - https://blog.waterlooedc.ca/waterloo-robotics-companies and https://blog.waterlooedc.ca/waterloo-robotics-companies
7. FDI - https://www.fdiintelligence.com/article/80585
8. USA policies are focusing on support clean technology made by union labor - https://montreal.ctvnews.ca/quebec-e-bus-maker-lion-electric-moves-into-u-s-plant-1.5734014
9. Rural areas - https://www150.statcan.gc.ca/n1/pub/45-28-0001/2022001/article/00001-eng.htm
10. Lumber - https://www.woodbusiness.ca/2022-lumber-markets-outlook/
11. Oil - https://ca.news.yahoo.com/canada-oil-gas-production-exploration-151300488.html
12. Natural Resources sector - https://www150.statcan.gc.ca/n1/daily-quotidien/220114/dq220114a-eng.htm
13. Near-shoring Canada - https://www.msn.com/en-ca/money/topstories/as-supply-chain-issues-persist-champagne-set-to-meet-with-industry/ar-AASI4ZM
Manufacturing Sector - Canada - February 2023 and March 2023.pptxpaul young cpa, cga
Summary:
Canadian manufacturing sales declined 3.6% to $71.5 billion in February, following a 4.5% increase in January. The decreases were observed in 12 of 21 industries, led by the petroleum and coal product (-14.9%), motor vehicle (-12.3%) and primary metal (-4.2%) industries. Conversely, the machinery (+3.0%) and electrical equipment, appliance and component (+6.0%) industries posted the largest increases. Year over year, total sales were up 3.8% in February.
The monthly decline resulted from lower volumes and prices as sales in real terms decreased 2.4% in February and the Industrial Product Price Index edged down 0.8%
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/230414/dq230414a-eng.htm
Additional Sources:
Blog - EPA emissions limits to try and boost U.S. EV sales - https://www.linkedin.com/posts/paul-young-055632b_epa-emissions-limits-to-try-and-boost-us-activity-7052610189279072256-0ZWW?utm_source=share&utm_medium=member_desktop
Blog – ESG and Sustainability Reporting – Clean Tech Opportunities for the Manufacturing Sector - https://www.linkedin.com/posts/paul-young-055632b_plant-opportunities-in-clean-technology-activity-7052607059812356096-ZLW5?utm_source=share&utm_medium=member_desktop
Input costs continue to plague manufacturers - https://www.spglobal.com/marketintelligence/en/mi/research-analysis/global-manufacturing-input-cost-inflation-sinks-to-32month-low-apr23.html
Manufacturing and technology - https://supplychaingamechanger.com/5-sweeping-manufacturing-technology-trends/
Rise of smart manufacturing - https://thesiliconpartners.com/automation/the-rise-of-smart-manufacturing/
Manufacturing PMI - https://www.fxstreet.com/news/canada-sp-global-manufacturing-pmi-declines-to-486-in-march-vs-517-expected-202304031345
Supply chain - https://www.ey.com/en_za/consulting/supply-chains-building-resilience-to-move-full-speed-ahead
ESG / Sustainability - https://www.nasdaq.com/articles/developing-innovation-for-esg-and-sustainability-investing
Summary:
Manufacturing sales fell 2.0% to $70.4 billion in August, the fourth consecutive monthly decline. There were lower sales in 17 of 21 industries, led by the petroleum and coal product (-3.9%), chemical (-4.5%), primary metal (-3.2%), paper (-5.7%) and wood product (-4.3%) industries. Meanwhile, sales of beverage and tobacco products (+5.5%) and food (+0.6%) increased the most.
Chart 1
Manufacturing sales
Sales in constant dollars decreased 1.7% in August, indicating lower volume of goods sold. Month over month, the Industrial Product Price Index declined 1.2% in August.
Blog – Canada Manufacturing Sector Analysis and Commentary for July 2023
Summary:
Canada manufacturing sales rose 1.2% mom to CAD 72.9B in May, above expectation of 0.8%mom. The rise was mainly driven by higher sales of chemical products (+4.8%), motor vehicles (+4.8%) and machinery (+4.2%). Sales in primary metal manufacturing decreased the most (-6.9%).
Source - https://www.actionforex.com/live-comments/509996-canada-manufacturing-sales-rose-1-2-mom-in-may/
Other links and sources:
Commodity prices - https://www.capitaleconomics.com/publications/commodities-outlook/energy-prices-buck-downbeat-trend
Raw material costs - https://www.homebuilding.co.uk/news/construction-materials-shortage
Inventory - https://www.oliverwyman.com/our-expertise/insights/2023/jul/how-manufacturers-can-reduce-inventory-crises.html
ESG - https://www.plantemoran.com/get-to-know/news/2023/07/esg-standards-crucial-for-automakers
Downtime / Predictable Analytics - https://www.iiot-world.com/predictive-analytics/predictive-maintenance/the-actual-cost-of-downtime-in-the-manufacturing-industry/
Advanced Manufacturing - https://www.kearney.com/service/operations-performance/article/navigating-the-future-of-manufacturing
Summary:
The copper price jumped on Tuesday after weak US manufacturing data eased concerns that the Federal Reserve will tighten monetary policy too rapidly.
The Institute for Supply Management’s gauge of US factory activity dropped to the lowest in more than two years in September, causing the dollar to retreat.
Source - https://www.usatoday.com/story/money/business/2022/10/03/s-p-500-dow-nasdaq-uk-axes-planned-tax-cut/8167019001/ or https://www.mining.com/copper-price-jumps-after-weak-us-manufacturing-data/
Blog – Analysis and Commentary for Canada Manufacturing Sector – August 2023
Summary:
Manufacturing sales decreased 1.7% to $71.5 billion in June, on widespread declines over 14 of 21 subsectors, led by the petroleum and coal product (-8.3%), chemical (-6.5%), and machinery (-5.5%) subsectors. Sales of motor vehicles increased the most, rising 11.4% to $5.6 billion in June. On a quarterly basis, total sales fell 0.8% in the second quarter of 2023, mainly on lower sales in the petroleum and coal product (-8.1%) and primary metal (-8.9%) subsectors. Year over year, total sales decreased 1.4% in June.
Source: https://www150.statcan.gc.ca/n1/daily-quotidien/230815/dq230815b-eng.htm
Other sources and links:
Manufacturing outlook - https://www.bnnbloomberg.ca/statistics-canada-reports-manufacturing-sales-down-1-7-per-cent-in-june-1.1959187
Lithium - https://newsdirect.com/news/lightning-minerals-acquires-highly-prospective-canadian-lithium-projects-961963537
Algoma - https://www.steelorbis.com/steel-news/latest-news/canadas-algoma-steel-posts-lower-net-profit-for-q1-amid-lower-prices-higher-costs-1302133.htm
Forestry - https://www.woodbusiness.ca/forests-on-challenging-terrain/
Mining - https://financialpost.com/commodities/mining/1-year-us-inflation-reduction-act-how-canada-responded
ESG Bonds - https://www.bnnbloomberg.ca/s-p-decision-to-ax-esg-scores-from-bond-ratings-splits-market-1.1959099
Food - https://thoughtleadership.rbc.com/reboot-of-the-growing-challenge-part-3-the-hidden-threat-of-food-spoilage-and-waste/
Commodities - https://www.reuters.com/markets/tsx-futures-sink-weak-commodity-prices-canadas-cpi-focus-2023-08-15/
Supply chain risks - https://www.supplychainbrain.com/articles/37880-five-preventive-measures-to-mitigate-supply-chain-risk
Technologies - https://www.sme.org/technologies/articles/2023/august/6-ways-robots-are-changing-manufacturing/
Critical metals – https://www.dentonsmininglaw.com/driving-sustainability-how-electric-vehicles-critical-minerals-and-governments-are-shaping-the-future-of-mobility/
Summary:
• The May ISM manufacturing index registered 56.1, topping expectations of a 54.5 print. The index rose 0.7 percentage points from the April reading of 55.4.
• New orders rose by 1.6 percentage points to 55.1, while new export orders rose by 0.2 percentage points to 52.9.
• The backlog of orders sub-index came in at 58.7, rising 2.7 percentage points from April's 56.0 print.
• The production index increased 0.6 percentage points to 54.2 while the employment index fell 1.3 percentage points to 49.6.
• The supplier deliveries sub-index fell to 65.7 from 67.2 in April. The sub-index continues to reflect difficulties in improving delivery rates due to production issues related to the pandemic.
• 15 of 18 manufacturing industries reported growth in May. Growth was led by Apparel, Leather & Allied Products; printing & Related Support Activities; Machinery; Nonmetallic Mineral Products; Computer Electronic Products; and Food, Beverage & Tobacco Products.
Source - https://economics.td.com/us-ism-manufacturing-index
Dawn of a new era for Small-to Medium Size Public and Private Sectors Entitiespaul young cpa, cga
Blog – Dawn of a new Era for Small to Medium-size Businesses
Small and medium-size businesses are the backbone to the Canada’s economy. The new era will see many changes to how both the private and public sector operate as part of delivering goods and services to its consumers.
1. Connectivity and online solutions - https://ca.sports.yahoo.com/news/canadian-small-business-owners-business-130000061.html
2. Resiliency and small businesses - https://www.bnnbloomberg.ca/we-ve-been-resilient-it-hasn-t-been-easy-canadian-small-businesses-on-navigating-covid-1.1663903
3. Small business optimism - https://canadiansme.ca/canadian-small-business-owners-feeling-optimistic-about-the-future-with-bipoc-owned-businesses-further-along-on-the-path-to-recovery-scotiabank-report-finds/
4. Taxes - https://www.newswire.ca/news-releases/tax-tip-the-canada-revenue-agency-reaffirms-its-commitment-to-small-businesses-during-small-business-week-2021-883960980.html
5. ESG - https://www.investmentexecutive.com/newspaper_/news-newspaper/disclosure-reforms-draw-praise-concern/
6. Skills gap - https://www.northernontariobusiness.com/industry-news/agriculture/workforce-strategy-underway-to-address-labour-gaps-in-agriculture-4510982
7. Innovation - https://www.ept.ca/2021/10/national-organization-helps-canadian-smes-innovate/
8. Carbon tax - https://www.todayville.com/edmonton/is-federal-carbon-tax-killing-jobs-experts-say-answer-isnt-black-and-white-2/
9. Clean - https://www.canadianmanufacturing.com/features/canada-is-aiming-for-carbon-neutrality-and-that-will-mean-big-changes-to-how-we-produce-and-consume-energy/
10. Circular economy - https://www.marketwatch.com/story/a-better-way-than-recycling-these-manufacturers-are-taking-part-in-a-circular-economy-11633613962
What is up with the Stock Market for WE - May 12 2023.pptxpaul young cpa, cga
Blog – Stock Market Analysis and Commentary for the WE May 12, 2023
Summary:
U.S. stocks closed lower on Thursday dragged down by Disney as the company reported a sharp decline in subscribers, while concerns around regional banks once again grew, denting investors’ confidence. The S&P 500 and Dow ended in negative territory but the Nasdaq closed in the green.
How Did The Benchmarks Perform?
The Dow Jones Industrial Average (DJI) fell 0.7% or 221.82 points to finish at 33,309.51 points.
The S&P 500 declined 0.2% or 7.02 points to end at 4,130.82 points. Energy, utilities and materials stocks were the worst performers.
]The Energy Select Sector SPDR (XLE) and Utilities Select Sector SPDR (XLU) declined 1.2% and 1%, respectively. The Real Estate Select Sector SPDR (XLRE) and Materials Select Sector SPDR (XLB) also lost 1% each. Eight of the 11 sectors of the benchmark index ended in negative territory.
The tech-heavy Nasdaq rose 0.2% or 22.06 points to close at 12,328.50 points.
The fear-gauge CBOE Volatility Index (VIX) was down 0.06% to 16.93. Decliners outnumbered advancers on the NYSE by a 2.27-to-1 ratio. On Nasdaq, a 1.67-to-1 ratio favored declining issues. A total of 10.05 billion shares were traded on Thursday, lower than the last 20-session average of 10.69 billion.
Source: https://ca.finance.yahoo.com/news/stock-market-news-may-12-133001363.html
Manufacturing Sector Analysis and Commentary - June 2023.pptxpaul young cpa, cga
Blog – Manufacturing Analysis and Commentary – June 2023
Summary:
The sector, which accounts for 11.3% of the economy, is being dragged down by the Federal Reserve's fastest interest rate hiking campaign since the 1980s.
Banks also have tightened lending following the recent failures of three U.S. banks, while spending is shifting away from goods, typically bought on credit, to services.
Businesses are cutting back on restocking in anticipation of weaker demand later this year. The Institute for Supply Management last week said its manufacturing PMI contracted for a seventh straight month in May.
Orders for transportation equipment increased 3.7% on top of a 9.8% jump in March. Civilian aircraft orders fell 8.5% after having surged by 96% in the prior month. Motor vehicle orders edged up 0.5%. Excluding transportation, orders fell 0.2%, dropping for a third straight month and to their lowest since February 2022.
Orders for machinery rose 1.0%, but bookings for computers and electronic products fell 1.4%. Orders for electrical equipment, appliances and components dropped 1.7%.
Shipments of manufactured goods fell 0.4%. The inventory of manufactured goods at factories rose 0.5%. Unfilled orders at factories rose 0.8
Source - https://money.usnews.com/investing/news/articles/2023-06-05/u-s-factory-orders-rise-in-april
Additional links and sources:
Class 8 orders - https://www.freightwaves.com/news/rising-may-class-8-truck-orders-less-telling-than-backlog-burn
Automotive Sales - https://www.americanexpress.com/en-us/business/trends-and-insights/videos/automotive-industry/
Steel Production - https://www.steelorbis.com/steel-news/latest-news/us-raw-steel-production-up-10-percent-week-on-week-1292937.htm
Agricultural Equipment - https://www.businesswire.com/news/home/20230530005385/en/North-America-Tractor-Market-Outlook-Forecasts-Report-2023-2028-Featuring-Key-Vendors---John-Deere-CNH-Industrial-AGCO-Kubota---ResearchAndMarkets.com
Construction equipment - https://www.farmequip.org/news/demand-for-new-factories-drives-growth-in-construction-spending/
Oil Rigs - https://www.rigzone.com/oil/news/north_america_loses_more_rigs-05-jun-2023-172968-article/
Ports - https://www.hapag-lloyd.com/en/services-information/operational-updates/north-america.html
Lithium - https://seekingalpha.com/article/4609592-lit-economic-weakness-in-china-may-impact-ev-sales
Costs - https://www.comerica.com/insights/economic-commentary/ism-pmis-softer-than-expected-in-may-and-inflation-is-slowing.html
Technologies - https://levelup.gitconnected.com/top-10-breakthrough-technologies-you-must-know-in-2023-991cc1db8ac9
ESG - https://www.forbes.com/sites/columbiabusinessschool/2023/06/05/what-esg-investors-must-demand-for-credible-sustainability-reporting/?sh=1cf2162f2fd7
Technology will continue to play a big role in terms of the global economy. Countries need to revisit their various policies as part of supporting the technology sector in their country.
Canada has struggle for the past few years with attracting key FDI, especially in areas like natural resources development.
Canada has also struggle with how to best approach innovation. The so-called job clusters have failed to achieve the desired outcome. More needs to be done to better support innovation across Canada.
The public sector payroll continues to grow. The size of government is becoming a enormous issues for many countries, especially in areas like value for money, improving outcomes, and tax fairness.
1. In demand skills - https://www.analyticssteps.com/blogs/most-demand-technologies-2022
2. BI - https://www.analyticsinsight.net/top-business-intelligence-trends-and-predictions-for-2022/
3. Top AI - https://www.simplilearn.com/tutorials/artificial-intelligence-tutorial/artificial-intelligence-applications
4. Switzerland continues to dominate the world in terms of innovation - https://www.iamsterdam.com/en/business/news-and-insights/news/2021/the-netherlands-ranks-sixth-in-global-innovation-index-2021
5. Sustainable - https://behrtech.com/blog/iot-and-sustainability-7-applications-for-a-greener-planet/
6. Sustainable - https://energywatch-inc.com/sustainability-trends-2021-2022/
7. Report Canada - https://www.conferenceboard.ca/focus-areas/innovation-technology/innovation-report-card
8. FDI - https://betakit.com/canadian-municipal-regions-call-on-federal-government-for-more-support-for-foreign-direct-investment-program/
9. Job vacancies - https://www150.statcan.gc.ca/n1/daily-quotidien/210921/dq210921a-eng.htm
10. Skills gap - https://www.dashe.com/blog/unraveling-digital-skills-gaps-in-the-modern-workplace
Durable Goods and Capital Spending - United States and the World - April 2023...paul young cpa, cga
Blog – Durable Goods and Capital Spending Analysis and Commentary – April 2023
Summary:
The Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods surged by much more than expected in March amid a substantial rebound in orders for transportation equipment.
The report said durable goods orders spiked by 3.2 percent in March after tumbling by a revised 1.2 percent in February.
Economists had expected durable goods orders to climb by 0.8 percent compared to the 1.0 percent slump that had been reported for the previous month.
Excluding the jump in orders for transportation equipment, durable goods orders rose by 0.3 percent in March after falling by 0.3 percent in February. Ex-transportation orders were expected to dip by 0.2 percent.
Source – https://www.nasdaq.com/articles/u.s.-durable-goods-orders-surge-much-more-than-expected-in-march
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.
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.
Similar to Manufacturing - Canada -February 2022 and March 2022.pptx (20)
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
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/
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
Construction Spending and Outlook - The USA and the World - August 2023.pptxpaul young cpa, cga
Blog – Construction Sector Analysis and Commentary – August 2023
Summary:
The outlook for US construction of affordable housing is set to change dramatically over the next two years. "Developers see a massive shortage ahead, which threatens to undo the recent progress in closing the daunting affordable housing gap in many US cities," reports Bloomberg.
While interest rates have been increasing, the number of housing projects starting this year has been cut significantly. 2022 projects will typically come online after 18-24 months, therefore construction companies are expecting a severe supply shortage by mid-2025.
This slowdown is supported by statistics from the US Department of Housing and Urban Development (HUD) which received 506 applications as of May, eight months into fiscal year 2023, totalling US$12bn in Federal Housing Administration loans to construct multi-family developments. This is about half the volume of the same eight-month period in FY22 (940 applications for US$22bn) and less than one-third of the volume for the same stretch in FY21 (1739 applications for US$37bn).
The higher costs associated with inflation and rising interest rates are creating financial gaps making it hard for developers to complete below-market rental projects, resulting in significant delays, says Bloomberg.
Single-family construction starts slipped after a four-month run, down seven per cent in June, while applications for permits rose 2.2 per cent from May, according to the Census Bureau and HUD.
Source - https://www.cemnet.com/News/story/175467/us-construction-outlook-is-about-to-change-for-crh-and-others.html
Other links and sources
1. Biodiversity / Construction - https://coastcommunitynews.com.au/central-coast/news/2023/08/biodiversity-overhaul-could-pave-the-way-for-more-housing-construction/
2. CO2 embodying - https://www.linkedin.com/posts/algomaco_california-becomes-first-state-to-adopt-mandatory-activity-7095045267430809600-y2pV/
3. Green Cement - https://environmentjournal.ca/lafarge-canada-pilots-cleantech-project-to-support-sustainable-cement-production/
4. Building codes - https://www.buildinggreen.com/newsbrief/marin-county-first-adopt-low-carbon-concrete-code
5. Energy - https://www.armstrongceilings.com/commercial/en/performance/sustainable-building-design/embodied-carbon-in-buildings.html
6. Climate Change Risks - https://urbanland.uli.org/public/climate-risk-is-financial-risk-the-ever-evolving-landscape-of-climate-related-financial-disclosures/
7. Net Zero - https://www.esmagazine.com/articles/103351-the-path-to-net-zero-buildings-3-steps-to-turn-sustainability-ambition-into-action
8. Ports / Clean - https://www.bnnbloomberg.ca/ports-in-europe-lure-investors-into-clean-energy-gateway-plan-1.1966430
9. Broadband spending - https://ca.news.yahoo.com/broadcom-gives-downbeat-forecast-signaling-221519671.html
10. Construction materials - https://www.marketplace.org/2023/09/01/climate-change-is-making-home-construction-more-expe
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
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.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
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
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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
2. Paul Young - Bio
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos
3. 3
Agenda
• PMI Index – Canada
• Commodity
• AG Equipment
• Automotive and other KPIs
• Blog – Manufacturing Strategy
• Blog – Automation and Manufacturing
• Blog – Reshoring
• Blog – Supply Chain
• Blog – Automation / Innovation
• Summary
13. 13
Developing a new Manufacturing
Strategy
Supporters of American manufacturing have been crying for a national manufacturing strategy for many years. They know that if the U.S.
does not have a plan with measurable objectives, nothing will change, and we will not re-industrialize America.
The first compelling reason to develop a plan is that our competitors have manufacturing plans and strategies that have allowed them to
successfully export to the U.S. In fact, China’s “Made in China 2025” plan spells out exactly which industries and technologies they want
to dominate in the future. Why can’t we develop a plan?
Second, the Bureau of Labor Statistics shows that 38 manufacturing industries are declining in terms of establishments and employment.
We need a strategy to stop the erosion of our manufacturing base and specify which industries are critical and need to be saved.
Third, we need to prevent the loss of high value-added manufacturing sectors like the advanced technology industries.
Source - https://www.industryweek.com/the-economy/public-policy/article/21159910/america-needs-a-manufacturing-
strategy?utm_source=IY+IW+Daily+Headlines+-
+Morning&utm_medium=email&utm_campaign=CPS210329052&o_eid=7930I4506489J2B&rdx.ident%5Bpull%5D=omeda%7C7930I450
6489J2B&oly_enc_id=7930I4506489J2B
It is not the just the United States that needs to revisit their manufacturing strategy. Canada and other countries need to focus on how
best to manage the supply chain as part of mitigating risks related to geopolitical events -
https://www.slideshare.net/paulyoungcga/how-to-better-manage-your-supply-chain
14. 14
Blog – Transitioning to Automation –
Manufacturing
The manufacturing industry is getting the automated treatment. New advances in robotics and artificial intelligence are
changing the business for good as managers and CEOs look for ways to reduce their costs without sacrificing speed or
accuracy.
From faster shipping to near-perfect order accuracy and less downtime, automation can help you reach so many of your
goals. According to a recent survey of automated warehouses, 76 percent of respondents said they were more likely to boost
inventory accuracy to 99 percent or higher, 36 percent more likely to have reduced labor costs of an average of three
percent per year and 40 percent more likely to consistently ship within one day of an order’s placement.
Automation will change the face of the warehousing and manufacturing business in more ways than one. Here are four
companies changing the way we work:
• ABB
• Siemens AG
• Emerson Electric
• Schneider Electric
I have written many blogs on data, AI, security, and Platform as it relates to manufacturing and supply chain:-
Manufacturing - https://www.linkedin.com/pulse/blog-5-manufacturing-industry-trends-2021-paul-young/?published=t
15. 15
Blog - Manufacturing excellence through data
and analytics with these four initiatives
https://www.linkedin.com/pulse/blog-manufacturing-excellence-through-data-analytics-paul-
young/?published=t
The world of manufacturing has undergone massive changes since the start of the industrial revolution.
Technological improvements have been the catalyst that has transformed simple mechanization into cyber
physical machines. This expanse, known as the fourth industrial revolution (or Industry 4.0), has given rise to
the Industrial Internet of Things (IIoT) – increasing connectivity and improving efficiency, all through data.
16. 16
Blog – Reshoring
Blog - 83% of North American Manufacturers Are Likely to Re-shore Their Supply Chains in 2021
According to the latest 2021 Thomas State of North American Manufacturing Report, 83% of manufacturers are planning to add
North American suppliers to their supply chains within a year, a significant increase from 54% in March 2020.
Source - https://www.thomasnet.com/insights/83-of-north-american-manufacturers-are-likely-to-reshore-their-supply-chains-in-
2021-report/?ecms_id=eb8ad19e-e115-43c6-bcd1-
d154ecbbc5df&ecms_short=ART5121&doc_type=ted_article&sponsored=&acct=&parent_id=fc88208e-3b14-4c57-b051-
8c38b5d8281c&utm_content=featuredstory&position=1&linktype=title&channel=email&campaign_type=thomas_industry_updat
e&campaign_name=tiu210602&utm_campaign=tiu210602&utm_medium=email&utm_source=thomas_industry_update&tinid=2
21763045
Here is my link - https://www.linkedin.com/pulse/blog-83-north-american-manufacturers-likely-re-shore-paul-young/?published=t
17. 17
Blog - Manufacturing Automation: Technology,
automation key to Canadian supply chain survival
Trade wars and nationalism, artificial intelligence and automation all have put pressure on global supply chains.
Continuing to add uncertainty to the mix: the proliferation of misinformation, increasing populism, and a
resulting volatile market.
https://www.canadianmanufacturing.com/features/manufacturing-automation-technology-automation-key-to-
canadian-supply-chain-survival/
My work: https://www.slideshare.net/paulyoungcga/manufacturing-canada-june-2021
•
18. 18
Blog – Top 10 AI Innovations for Manufacturing – Canada and the
World
The manufacturing industry is the largest sector using artificial intelligence for efficient production workflow and real-time
market insights. According to projections, the size of the manufacturing market using AI will be $4,798 million by 2026.
The current stage of manufacturing industry evolution, Industry 4.0, is based on Fourth Industrial Revolution (4IR)
technologies, including machine learning, Internet of Things (IoT), automation, and augmented reality.
1. AI-enabled quality assurance
2. Predictive equipment maintenance
3. Automated inventory management
4. Collaborative robots
5. AI-enabled supply chain management
6. Generative design
7. Digital twin
8. AI-powered customer service
9. Big data management
10. AI cybersecurity
Source - https://www.canadianmanufacturing.com/features/10-ai-innovations-impacting-the-manufacturing-industry/
Manufacturing is about to head into a new era that will see more innovation including more agility of companies to build resilient supply
chains to support the current and future customer’s demands.
My work - https://www.slideshare.net/paulyoungcga/canada-what-is-next-for-manufacturing
19. 19
Summary
• All levels of government need to refocus policies to better
support domestic supply chains
• Automation in manufacturing will continue to evolve - Blog –
Micro factories, not Giga factories, Will Build It Back Better -
https://www.linkedin.com/pulse/blog-micro-factories-giga-build-back-better-paul-
young/?published=t
• Improving sourcing of products through use of data and AI
Blog - Q1 Sourcing Trends Reveal Cautiously Optimistic Shift in Industrial Priorities; Steel, PCB
Searches Increasing - https://www.linkedin.com/pulse/blog-q1-sourcing-trends-reveal-
cautiously-optimistic-paul-young/?published=t - This is another great article by Thomas.net on
the supply chain. I would encourage many of you to read as it will help you target solutions
that can better support supply chain management.
Manufacturing - Feb
2022 - Canada - 20221404.pdf
M an u f act u r in g sales in cr eased f o r t h e f if t h co n secu t ive m o n t h ,
u p 4.2% t o $67.7 b illio n in F
eb r u ar y o n h ig h er sales
in 14 o f 21 in d u st r ies, led b y t h e m o t o r veh icle (+25.0%
), f o o d
(+5.3%
), p et r o leu m an d co al (+6.7%
), an d w o o d (+8.5%
) in d u st r ies.
M ean w h ile, sales o f co m p u t er an d elect r o n ic p r o d u ct s d ecr ease
t h e m o st , d o w n 7.9% t o $1.2 b illio n in F
eb r u ar y. To t al
m an u f act u r in g sales r o se 19.5% o n a year -o ver -year b asis in
F
eb r u ar y.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220414/dq220414a-eng.htm
Blog – Canada – Manufacturing Sector – Analysis and Commentary
Canada's Ivey PMI
shows activity expanding at record speed.pdf
2022 FEDERAL
BUDGET MANUFACTURERS WELCOME MEASURES TO STIMULATE INNOVATION AND INVESTMENT AND STRENGTHEN SUPPLY CHAINS.pdf
Chaotic Trading In
Energy, Metals And Food Spills Into Real World Mint.pdf
MAC cheers
Canadian government's $3 billion budget commitment to mining - MINING.COM.pdf
Supporting small
businesses and creating good jobs.pdf
3D Printing Startups
in Canada Tracxn.pdf
LME zinc holds near
5-week high on supply risks Financial Post.pdf
Considering security
risks from third parties in the supply chain.pdf
Editorial Solving the
Truck Driver Shortage is an Investment in Canada Saskatchewan Trucking Association.pdf
Canada's
post-pandemic labour market shakeup.pdf
Robotics and
automation.pdf
Summary:
Source
1. PMI – Canada - https://ca.news.yahoo.com/canadas-ivey-pmi-shows-activity-142401340.html
2. Commodity Prices - https://www.livemint.com/market/commodities/chaotic-trading-in-energy-
metals-and-food-spills-into-real-world-11649852587655.html
3. Advanced Materials - https://www.mining.com/mac-cheers-canadian-governments-3-8b-
budget-commitment-to-mining/
4. Small businesses - https://www.newswire.ca/news-releases/supporting-small-businesses-and-
creating-good-jobs-824379479.html
5. 3D printing https://tracxn.com/explore/3D-Printing-Startups-in-Canada
6. Zinc - https://financialpost.com/pmn/business-pmn/lme-zinc-holds-near-5-week-high-on-
supply-risks