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Merchandise
Trade – Canada
PAUL YOUNG
JULY 2020
Paul Young - Bio
 CPA, CGA
 Financial Solutions
 SME – Risk Management
 SME – Close, Consolidate and Reporting
 SME – Public Policy
 SME – Financial Solutions
 SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
Agenda
 Commodity Pricing
 Exports – July 2020
 Trade Surpluses/(Deficits)
 Trade by key countries
 Trade / RBC
 CBC Press Release / Trade
 Supply Chain Management
 USMCA Trade
 Softwood Lumber
 Near Shoring
 What’s next
 Other sources / Training options
Commodity
Prices
SOURCE - SCOTIABANK
Exports –
July 2020
SOURCE – STATS CANADA -
https://www150.statcan.gc.ca/n1/
daily-quotidien/200903/t002a-
eng.htm
Trade Surpluses (Deficits)
SOURCE – STATS CANADA - https://www150.statcan.gc.ca/n1/daily-quotidien/200903/t002a-eng.htm
Trade by
key
countries
SOURCE – STATS CANADA -
HTTPS://WWW150.STATCAN.
GC.CA/N1/DAILY-
QUOTIDIEN/200903/DQ2009
03A-ENG.HTM
BMO / Trade
Source - https://economics.bmo.com/en/publications/detail/7e1b1746-c6c4-465e-8052-a1d54b6d33cb/
Supply Chain
Management
 Is that not why we have the combine act?
https://www.tc.gc.ca/eng/policy/acg-acgb-mergers-
guidelines-draft-3143.html
 Mergers and acquisitions are important, but they
do need to review to ensure they are in the best
interest of both the sector and the country -
https://tnc.news/2020/06/02/conservative-
motion-to-stop-china-from-buying-struggling-
firms-passed/
 Should we not be focusing on identifying what
products should be strategic?
 https://www.slideshare.net/paulyoungcga/how-best-
to-reshore-supply-chains
 Errors with medical supplies
 https://thepostmillennial.com/trudeau-governments-
medical-equipment-blunder-cost-taxpayers-1-8-
billion
WTO
 The WTO needs to be reformed including
revisiting the status of various countries
within the organization
 @jimcarr_wpg it never seems to amaze me
how little you grasp of both supply
management and fair-trade practices. -
https://www.slideshare.net/paulyoungcga/2
019-election-global-trade-barriers-and-
protection-wto-canada-september-2019
 @CPC_HQ and previous govts grasp the
need for trade with other countries, but not
your govt!
USMCA
 Start date – July 1, 2020
 Steep learning curve automotive -
https://www.freep.com/story/money/cars/2020/07/02/nafta-replacement-usmca-
launches/5360048002/
 Japan Automotive - https://asia.nikkei.com/Business/Automobiles/Japan-auto-
companies-triple-Mexican-pay-rather-than-move-to-US
Softwood
Lumber dispute
Source -
https://financialpost.com/ne
ws/economy/canada-wont-
back-down-in-softwood-
lumber-dispute-with-u-s-
trudeau-vows or
https://globalnews.ca/news/
7312096/canada-softwood-
lumber-tariff-dispute-u-s-
trudeau/
Nearshoring
 Key areas of focus for 2020 - https://www.pslcorp.com/nearshoring-outsourcing/5-nearshore-development-trends-to-watch-closely-in-2020/
 Remote work the new normal - https://medium.com/dev-genius/remote-work-is-a-new-normal-save-costs-with-it-nearshoring-2f471cea3a91
 Better control of supply chain management - https://www.mhlnews.com/global-supply-chain/article/22050699/why-nearshoring-is-a-better-
option-for-north-american-companies or https://www.slideshare.net/paulyoungcga/how-best-to-reshore-supply-chains
 Drug production - https://www.fiercepharma.com/manufacturing/pharma-pushes-back-u-s-legislation-to-bring-drug-manufacturing-stateside
 Chip production - https://www.politico.com/newsletters/morning-trade/2020/06/11/lawmakers-unveil-bill-to-boost-semiconductor-production-
788432
 Reshoring of manufacturing - https://www.theglobeandmail.com/business/commentary/article-will-the-reshoring-trend-revive-canadian-
manufacturing/ or https://policyoptions.irpp.org/magazines/june-2020/is-this-canadas-last-chance-to-revive-manufacturing-and-long-term-
prosperity/
 Technology and logistics - https://news.microsoft.com/2020/06/25/hitachi-and-microsoft-form-a-strategic-alliance-to-advance-next-generation-
digital-solutions-for-manufacturing-and-logistics-across-southeast-asia-north-america-and-japan/
 More development of natural resources - https://www.slideshare.net/paulyoungcga/canada-natural-resources-forestry-sector-june-2020-whats-
next
 Getting oil and natural gas to market - https://www.slideshare.net/paulyoungcga/what-is-going-on-with-oil or Irving Oil -
https://www.trendsmap.com/twitter/tweet/1278418560600154112
Other Sources
 If you like to learn more
about trade and/or other
subjects as part of your
professional learning and
development then feel
free to review my
material on
https://www.udemy.com/
(search Paul Young CPA
CGA
Summary
 Canada has a job quality issue -
https://www.slideshare.net/paulyoungcga/jo
b-quality-canada-vs-usa
 Canada still has issues with capacity -
https://www.slideshare.net/paulyoungcga/c
anada-and-world-post-covid19
 The world likely will be looking for AG
shipments along with Natural Resources
and food processing
 AG Sector -
https://www.slideshare.net/paulyoun
gcga/agriculture-and-food-policy-
what-needs-to-happen
 Natural Resources -
https://www.slideshare.net/paulyoun
gcga/canada-and-natural-resources-
development-and-export-strategy

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Merchandise Trade - Canada - July 2020

  • 2. Paul Young - Bio  CPA, CGA  Financial Solutions  SME – Risk Management  SME – Close, Consolidate and Reporting  SME – Public Policy  SME – Financial Solutions  SME – Supply Chain Management Contact information: Paul_Young_CGA@Hotmail.com
  • 3. Agenda  Commodity Pricing  Exports – July 2020  Trade Surpluses/(Deficits)  Trade by key countries  Trade / RBC  CBC Press Release / Trade  Supply Chain Management  USMCA Trade  Softwood Lumber  Near Shoring  What’s next  Other sources / Training options
  • 5. Exports – July 2020 SOURCE – STATS CANADA - https://www150.statcan.gc.ca/n1/ daily-quotidien/200903/t002a- eng.htm
  • 6. Trade Surpluses (Deficits) SOURCE – STATS CANADA - https://www150.statcan.gc.ca/n1/daily-quotidien/200903/t002a-eng.htm
  • 7. Trade by key countries SOURCE – STATS CANADA - HTTPS://WWW150.STATCAN. GC.CA/N1/DAILY- QUOTIDIEN/200903/DQ2009 03A-ENG.HTM
  • 8. BMO / Trade Source - https://economics.bmo.com/en/publications/detail/7e1b1746-c6c4-465e-8052-a1d54b6d33cb/
  • 9. Supply Chain Management  Is that not why we have the combine act? https://www.tc.gc.ca/eng/policy/acg-acgb-mergers- guidelines-draft-3143.html  Mergers and acquisitions are important, but they do need to review to ensure they are in the best interest of both the sector and the country - https://tnc.news/2020/06/02/conservative- motion-to-stop-china-from-buying-struggling- firms-passed/  Should we not be focusing on identifying what products should be strategic?  https://www.slideshare.net/paulyoungcga/how-best- to-reshore-supply-chains  Errors with medical supplies  https://thepostmillennial.com/trudeau-governments- medical-equipment-blunder-cost-taxpayers-1-8- billion
  • 10. WTO  The WTO needs to be reformed including revisiting the status of various countries within the organization  @jimcarr_wpg it never seems to amaze me how little you grasp of both supply management and fair-trade practices. - https://www.slideshare.net/paulyoungcga/2 019-election-global-trade-barriers-and- protection-wto-canada-september-2019  @CPC_HQ and previous govts grasp the need for trade with other countries, but not your govt!
  • 11. USMCA  Start date – July 1, 2020  Steep learning curve automotive - https://www.freep.com/story/money/cars/2020/07/02/nafta-replacement-usmca- launches/5360048002/  Japan Automotive - https://asia.nikkei.com/Business/Automobiles/Japan-auto- companies-triple-Mexican-pay-rather-than-move-to-US
  • 13. Nearshoring  Key areas of focus for 2020 - https://www.pslcorp.com/nearshoring-outsourcing/5-nearshore-development-trends-to-watch-closely-in-2020/  Remote work the new normal - https://medium.com/dev-genius/remote-work-is-a-new-normal-save-costs-with-it-nearshoring-2f471cea3a91  Better control of supply chain management - https://www.mhlnews.com/global-supply-chain/article/22050699/why-nearshoring-is-a-better- option-for-north-american-companies or https://www.slideshare.net/paulyoungcga/how-best-to-reshore-supply-chains  Drug production - https://www.fiercepharma.com/manufacturing/pharma-pushes-back-u-s-legislation-to-bring-drug-manufacturing-stateside  Chip production - https://www.politico.com/newsletters/morning-trade/2020/06/11/lawmakers-unveil-bill-to-boost-semiconductor-production- 788432  Reshoring of manufacturing - https://www.theglobeandmail.com/business/commentary/article-will-the-reshoring-trend-revive-canadian- manufacturing/ or https://policyoptions.irpp.org/magazines/june-2020/is-this-canadas-last-chance-to-revive-manufacturing-and-long-term- prosperity/  Technology and logistics - https://news.microsoft.com/2020/06/25/hitachi-and-microsoft-form-a-strategic-alliance-to-advance-next-generation- digital-solutions-for-manufacturing-and-logistics-across-southeast-asia-north-america-and-japan/  More development of natural resources - https://www.slideshare.net/paulyoungcga/canada-natural-resources-forestry-sector-june-2020-whats- next  Getting oil and natural gas to market - https://www.slideshare.net/paulyoungcga/what-is-going-on-with-oil or Irving Oil - https://www.trendsmap.com/twitter/tweet/1278418560600154112
  • 14. Other Sources  If you like to learn more about trade and/or other subjects as part of your professional learning and development then feel free to review my material on https://www.udemy.com/ (search Paul Young CPA CGA
  • 15. Summary  Canada has a job quality issue - https://www.slideshare.net/paulyoungcga/jo b-quality-canada-vs-usa  Canada still has issues with capacity - https://www.slideshare.net/paulyoungcga/c anada-and-world-post-covid19  The world likely will be looking for AG shipments along with Natural Resources and food processing  AG Sector - https://www.slideshare.net/paulyoun gcga/agriculture-and-food-policy- what-needs-to-happen  Natural Resources - https://www.slideshare.net/paulyoun gcga/canada-and-natural-resources- development-and-export-strategy