This document provides an agenda for a presentation on Canadian merchandise trade. The agenda covers topics like North American economic recovery, commodity pricing, exports, trade surpluses and deficits, trade by key countries, supply chain management, trade agreements like USMCA and CPTPP, the softwood lumber dispute, nearshoring trends, and the impact of a Biden vs. Trump presidency on trade. Other sources of information on these topics are also listed.

1. August 2020
Merchandise
Trade – Canada
PAUL YOUNG
AUGUST 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
 North America Recovery
 Commodity Pricing
 Justin Trudeau and Natural Resources
 Natural Resources Analysis
 Exports – July 2020
 Trade Surpluses/(Deficits)
 Trade by key countries
 CBC Press Release / Trade
 Supply Chain Management
 USMCA Trade
 Softwood Lumber
 Pacific Trade Pact
 Near Shoring
 Biden vs Trump
 What’s next
 Other sources / Training options

4. North America
Recovery
Source -
https://economics.bmo.com/
en/publications/detail/11455
b4e-da98-406f-8872-
0d88f2e876c7/

5. Commodity
Prices
SOURCE - SCOTIABANK

6. Key Commodities – September
Source – BMO

7. Exports –
September
Source -
https://www150.statcan.gc.ca/n1/
daily-
quotidien/201104/dq201104a-
eng.htm

8. Trade Surpluses (Deficits)
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/201104/dq201104a-eng.htm

9. Natural Resources and Food Products
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/201104/dq201104a-eng.htm

10. Metals
Source – Stats Canada

11. Trade by
key
countries
SOURCE –
HTTPS://WWW150.STATCAN.
GC.CA/N1/DAILY-
QUOTIDIEN/201104/DQ2011
04A-ENG.HTM

12. 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

13. 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!
 Latest work on Global Trade -
https://www.slideshare.net/paulyoungcga/h
ow-does-the-world-reform-global-trade

14. 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

15. Pacific Trade Pact
@mary_ng CPTPP has been in place for nearly two years. Exports from key countries were higher in 2018 than in
2019. It seems that Canada has many issues with getting goods to market, right Mary?
https://www.slideshare.net/paulyoungcga/pacific-pacific-trade-agrement-analysis-and-commentary,
https://www.slideshare.net/paulyoungcga/merchandise-trade-canada-july-2020 and
https://www.slideshare.net/paulyoungcga/trade-and-investment-canada-and-south-america
Exports could be 20% higher or about 125M. For each $1M of exports there are 5,500 jobs. More emphasis needs
to be on fair trade and investment deals to support getting goods to market -
https://www.slideshare.net/paulyoungcga/how-to-address-issues-facing-getting-goods-to-market

16. 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/

17. 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

18. Biden vs Trump
Source - https://www.just-auto.com/analysis/the-2020-us-presidential-election-a-quick-auto-industry-guide_id198588.aspx

19. Biden vs Trump
Source - https://www.just-auto.com/analysis/the-2020-us-presidential-election-a-quick-auto-industry-guide_id198588.aspx

20. Biden vs Trump
Source - https://www.just-auto.com/analysis/the-2020-us-presidential-election-a-quick-auto-industry-guide_id198588.aspx

21. 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

22. Summary
 Canada has a job quality issue -
https://www.slideshare.net/paulyoungcga/job-quality-canada-vs-usa
 Canada and GDP - https://www.slideshare.net/paulyoungcga/canadas-
gdp-july-2020
 Wages / Employment -
https://www.slideshare.net/paulyoungcga/analysis-of-wages-and-
employment
 Pandemic - https://www.slideshare.net/paulyoungcga/management-of-
a-pandemic-crisis
 Throne speech - https://www.slideshare.net/paulyoungcga/what-is-next-
for-canada-throne-speech-september-23-2020
 Global Economy - https://www.slideshare.net/paulyoungcga/what-is-
next-for-the-global-economy-september-2020
 Canada still has issues with capacity -
https://www.slideshare.net/paulyoungcga/canada-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/paulyoungcga/agriculture-and-
food-policy-what-needs-to-happen
 Natural Resources -
https://www.slideshare.net/paulyoungcga/canada-and-natural-
resources-development-and-export-strategy