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/

1. Manufacturing
Sector – Canada
– August 2023
Senior Customer Success Manager –
Data and AI
Paul Young CPA CGA
August 15, 2023

2. Senior Customer Success Manager –
Data and AI
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – ESG and Sustainability Policy Development and
Reporting
• 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@outlook.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga

3. Agenda
• Canada Manufacturing Sales Analysis
• Canada PMI Index
• Producer Price Index
• Raw Materials Price Index
• Manufacturing / Subsidies
• ESG
• Demand Planning and Forecasting
• Analysis / Planning Analytics Workspace
3

4. Canada Manufacturing Sales
4
Source – Stats Canada

5. Canada Manufacturing Sales
5
Source – Stats Canada

6. Canada Manufacturing Sales
6
Source – Stats Canada

7. Canada Manufacturing Sales
7
Source – Stats Canada

8. Canada Manufacturing Sales
8
Source – Stats Canada

9. Canada Manufacturing Sales
9
Source – Stats Canada

10. Canada PMI
Source - https://www.fxempire.com/macro/canada/manufacturing-pmi 10

11. Commodities
11

12. Produce Price Index / June 2023
12

13. Raw Materials Price Index
13

14. Manufacturing / Subsidies
14
Blog - Manufacturing Growth Is Strong. So Why Are We Subsidizing It - https://www.linkedin.com/posts/paul-young-
055632b_manufacturing-growth-is-strong-so-why-are-activity-7085584870583779331-
DZOF?utm_source=share&utm_medium=member_desktop
“In 2020, the US generated 2.4 times more value-added in manufacturing than China.”
A loss of manufacturing jobs and a declining share of manufacturing in affluent western economies, both real and
painful, have etched a deep impression in public perception that manufacturing in the West is in trouble. For some
politicians, protecting domestic manufacturing has become a rallying cry. It is a rare issue where President Biden
and former President Trump seem to align. Enthusiastic advocates are calling for new subsidies, tax breaks, tariffs,
regulations, and other measures. Before jumping into action, however, it would be good to examine exactly how dire
the situation is.

15. ESG and the Professional Accountant
15
Blog – The role of Professional Accountant with ESG adoption - https://www.linkedin.com/posts/paul-young-055632b_4-aicpa-
cima-leaders-discuss-global-sustainability-activity-7085472012382474240-
hNFX?utm_source=share&utm_medium=member_desktop
https://www.fm-magazine.com/news/2023/jul/4-aicpa-cima-leaders-discuss-global-sustainability-standards.html
“"Companies are an integral part of society, and their ability to generate cash over the short, medium, and long term is
inextricably linked to their access to resources and relationships throughout their value chain," he said. "Finance professionals
will need to account for how these resources and relationships are being managed.
"Companies must make connections between their sustainability-related financial disclosures and their financial performance. The
CFO and his or her team will be at the forefront of forging these connections."
I will also add it is not just companies but also the public sector that will also need to adopt ESG policies and reporting.
There are few challenges with implementing ESG, and it starts with policy development and data management. Establishing the
key metrics and how often those metrics are updated will be part of the overall data management architecture for ESG reporting
and compliance.

16. Demand Planning and Forecasting
16

17. Predictable Demand Forecasting
17

18. Planning Analytics Workspace
18

19. What is next for Canadian Manufacturing
• The manufacturing sector in Canada will continue to face many challenges.
19
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/