Geopolitical Events| Vaccines Distribution| Canada| April 23, 2021paul young cpa, cga
Blog – Geopolitical Risks – COVID19
1. Israel is leading the world in terms of vaccinations - https://www.israelhayom.com/2021/04/19/in-another-sign-of-economic-recovery-deficit-drops-to-12-of-gdp/
2. Vaccines vs. new variants - https://www.healthline.com/health-news/covid-19-vaccines-are-still-effective-amid-rising-number-of-variants
3. https://vdata.nikkei.com/en/newsgraphics/coronavirus-vaccine-status/ - Canada has the contracts in terms of vaccinations - https://vdata.nikkei.com/en/newsgraphics/coronavirus-vaccine-status/. However, the problem has been with getting the vaccines - https://www.reuters.com/business/healthcare-pharmaceuticals/moderna-ceo-says-world-faces-2022-covid-vaccine-production-surplus-2021-04-23/
4. Jobs are not coming back - https://mises.org/wire/jobless-recovery-coming-europe
5. GDP risks - https://www.swissre.com/media/news-releases/nr-20210422-economics-of-climate-change-risks.html
6. Small businesses and global supply chain - https://covid19.etradeforall.org/news/the-effects-of-the-covid-19-pandemic-on-small-businesses-and-global-value-chains/
7. Global ESG reporting standards are coming - https://www.fastcompany.com/90627951/5-things-you-need-to-know-about-the-future-of-esg-reporting or https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce
8. Rise of inflation - https://www.forbes.com/sites/forbesbusinesscouncil/2021/04/20/how-global-inflation-will-affect-businesses-and-how-they-can-prepare/?sh=2acd31e43754
9. More automation - https://cio.economictimes.indiatimes.com/news/corporate-news/48-of-businesses-to-increase-robotic-process-automation-study/77253416
10. Housing - https://time.com/5953380/climate-housing-crisis/ or https://financialpost.com/news/economy/the-housing-boom-central-banks-and-the-inflation-conundrum-2
Geopolitical Events| Vaccines and COVID19| Canada and the World| April 16, 2021paul young cpa, cga
Blog – Geopolitical Events and Risks – COVID19 – Canada and the World
1. Small and medium-size businesses - https://etradeforall.org/news/the-effects-of-the-covid-19-pandemic-on-small-businesses-and-global-value-chains/
2. https://www.ctvnews.ca/health/coronavirus/why-doctors-advocates-are-calling-for-permanent-paid-sick-days-for-canadian-workers-1.5384530 - EI and other programs would have to be revamped to handle sick leave - https://www.canada.ca/en/services/benefits/ei/ei-sickness.html
3. Inflation is growing - https://www.bnnbloomberg.ca/60-of-canadians-worried-about-inflation-in-2021-cibc-1.1541942
4. Mental health and lock downs - https://www.bbc.com/news/uk-northern-ireland-56736593
5. Israel continues to open up - https://www.india.com/travel/articles/despite-surge-in-covid19-cases-israel-to-start-welcoming-international-tourists-in-may-know-details-4589583/
6. GDP risks - https://www2.deloitte.com/us/en/insights/economy/global-economic-outlook/weekly-update.html
7. China is about to hit 19% GDP growth - https://www.reuters.com/article/us-china-economy-gdp-poll-idUSKBN2C20Q0
8. Climate change and G20 - https://www.ndtv.com/india-news/ahead-of-g20-india-slams-linking-climate-issues-to-economic-recovery-2412211
9. Automation / https://venturebeat.com/2021/04/11/automation-is-expanding-how-worried-should-we-be-about-jobs/
10. Bankruptcies - https://www.benefitspro.com/2021/04/14/corporate-bankruptcies-hit-precipitous-high-in-march-412-114629/?slreturn=20210317084133
Economic and Fiscal Scorecard| The United States| June 2021 and July 2021paul young cpa, cga
Blog – Canada – Economic and Fiscal Scorecard – June 2021 and July 2021
1. Inflation - https://www.bnnbloomberg.ca/inflation-expectations-spike-to-record-at-canadian-businesses-1.1644394
2. The Mfg. plan, should is based on four pillars – workforce, innovation, exports, and a net-zero strategy https://www.canadianmanufacturing.com/manufacturing/cme-manufacturers-call-for-a-concrete-plan-on-economic-recovery-272714/ You would think good-paying jobs would be Trudeau's focus, right? Nope attacking Harper is the focus. https://www.slideshare.net/paulyoungcga/manufacturing-canada-june-2021
3. https://www.nationalnewswatch.com/2021/08/30/food-processors-want-action-from-the-next-federal-government/#.YSzGdN8pDQx If food processors want better policies, then they should not be voting for either @theJagmeetSingh or @JustinTrudeau as all they know how to do is tax and spend! https://www.slideshare.net/paulyoungcga/agriculture-and-farm-equipment-sector-july-2021@CPC_HQ
4. Job vacancies - https://thoughtleadership.rbc.com/are-sky-high-job-vacancies-in-canada-around-for-a-while/
5. Circular economy - https://www.hilltimes.com/2021/08/25/canada-and-the-nordic-countries-are-allies-in-transitioning-to-a-circular-economy-envoys/312761
6. Housing - https://betterdwelling.com/canadian-housing-affordability-got-worse-under-trudeau-but-did-he-do-the-worst/
7. USA and Canada Trade - https://www.hilltimes.com/2021/08/30/reliance-on-u-s-remains-a-threat-to-canadian-economy/314006
8. Climate change - https://www.corporateknights.com/responsible-investing/why-are-canadian-pensions-risking-our-future-by-funding-fossil-fuel-expansion/
9. International support - https://www.international.gc.ca/gac-amc/publications/odaaa-lrmado/report-rapport-18-19.aspx?lang=eng
10. Infrastructure - https://www.hilltimes.com/2021/08/25/transportation-infrastructure-key-for-canadas-economic-recovery/313242
Here is a review of key areas facing Canada and the world. Canada along with its provinces will require to work together as part of moving Canada's economy and public sector beyond 2020 into the future.
Geopolitical Events| Vaccines Distribution| Canada| April 23, 2021paul young cpa, cga
Blog – Geopolitical Risks – COVID19
1. Israel is leading the world in terms of vaccinations - https://www.israelhayom.com/2021/04/19/in-another-sign-of-economic-recovery-deficit-drops-to-12-of-gdp/
2. Vaccines vs. new variants - https://www.healthline.com/health-news/covid-19-vaccines-are-still-effective-amid-rising-number-of-variants
3. https://vdata.nikkei.com/en/newsgraphics/coronavirus-vaccine-status/ - Canada has the contracts in terms of vaccinations - https://vdata.nikkei.com/en/newsgraphics/coronavirus-vaccine-status/. However, the problem has been with getting the vaccines - https://www.reuters.com/business/healthcare-pharmaceuticals/moderna-ceo-says-world-faces-2022-covid-vaccine-production-surplus-2021-04-23/
4. Jobs are not coming back - https://mises.org/wire/jobless-recovery-coming-europe
5. GDP risks - https://www.swissre.com/media/news-releases/nr-20210422-economics-of-climate-change-risks.html
6. Small businesses and global supply chain - https://covid19.etradeforall.org/news/the-effects-of-the-covid-19-pandemic-on-small-businesses-and-global-value-chains/
7. Global ESG reporting standards are coming - https://www.fastcompany.com/90627951/5-things-you-need-to-know-about-the-future-of-esg-reporting or https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce
8. Rise of inflation - https://www.forbes.com/sites/forbesbusinesscouncil/2021/04/20/how-global-inflation-will-affect-businesses-and-how-they-can-prepare/?sh=2acd31e43754
9. More automation - https://cio.economictimes.indiatimes.com/news/corporate-news/48-of-businesses-to-increase-robotic-process-automation-study/77253416
10. Housing - https://time.com/5953380/climate-housing-crisis/ or https://financialpost.com/news/economy/the-housing-boom-central-banks-and-the-inflation-conundrum-2
Geopolitical Events| Vaccines and COVID19| Canada and the World| April 16, 2021paul young cpa, cga
Blog – Geopolitical Events and Risks – COVID19 – Canada and the World
1. Small and medium-size businesses - https://etradeforall.org/news/the-effects-of-the-covid-19-pandemic-on-small-businesses-and-global-value-chains/
2. https://www.ctvnews.ca/health/coronavirus/why-doctors-advocates-are-calling-for-permanent-paid-sick-days-for-canadian-workers-1.5384530 - EI and other programs would have to be revamped to handle sick leave - https://www.canada.ca/en/services/benefits/ei/ei-sickness.html
3. Inflation is growing - https://www.bnnbloomberg.ca/60-of-canadians-worried-about-inflation-in-2021-cibc-1.1541942
4. Mental health and lock downs - https://www.bbc.com/news/uk-northern-ireland-56736593
5. Israel continues to open up - https://www.india.com/travel/articles/despite-surge-in-covid19-cases-israel-to-start-welcoming-international-tourists-in-may-know-details-4589583/
6. GDP risks - https://www2.deloitte.com/us/en/insights/economy/global-economic-outlook/weekly-update.html
7. China is about to hit 19% GDP growth - https://www.reuters.com/article/us-china-economy-gdp-poll-idUSKBN2C20Q0
8. Climate change and G20 - https://www.ndtv.com/india-news/ahead-of-g20-india-slams-linking-climate-issues-to-economic-recovery-2412211
9. Automation / https://venturebeat.com/2021/04/11/automation-is-expanding-how-worried-should-we-be-about-jobs/
10. Bankruptcies - https://www.benefitspro.com/2021/04/14/corporate-bankruptcies-hit-precipitous-high-in-march-412-114629/?slreturn=20210317084133
Economic and Fiscal Scorecard| The United States| June 2021 and July 2021paul young cpa, cga
Blog – Canada – Economic and Fiscal Scorecard – June 2021 and July 2021
1. Inflation - https://www.bnnbloomberg.ca/inflation-expectations-spike-to-record-at-canadian-businesses-1.1644394
2. The Mfg. plan, should is based on four pillars – workforce, innovation, exports, and a net-zero strategy https://www.canadianmanufacturing.com/manufacturing/cme-manufacturers-call-for-a-concrete-plan-on-economic-recovery-272714/ You would think good-paying jobs would be Trudeau's focus, right? Nope attacking Harper is the focus. https://www.slideshare.net/paulyoungcga/manufacturing-canada-june-2021
3. https://www.nationalnewswatch.com/2021/08/30/food-processors-want-action-from-the-next-federal-government/#.YSzGdN8pDQx If food processors want better policies, then they should not be voting for either @theJagmeetSingh or @JustinTrudeau as all they know how to do is tax and spend! https://www.slideshare.net/paulyoungcga/agriculture-and-farm-equipment-sector-july-2021@CPC_HQ
4. Job vacancies - https://thoughtleadership.rbc.com/are-sky-high-job-vacancies-in-canada-around-for-a-while/
5. Circular economy - https://www.hilltimes.com/2021/08/25/canada-and-the-nordic-countries-are-allies-in-transitioning-to-a-circular-economy-envoys/312761
6. Housing - https://betterdwelling.com/canadian-housing-affordability-got-worse-under-trudeau-but-did-he-do-the-worst/
7. USA and Canada Trade - https://www.hilltimes.com/2021/08/30/reliance-on-u-s-remains-a-threat-to-canadian-economy/314006
8. Climate change - https://www.corporateknights.com/responsible-investing/why-are-canadian-pensions-risking-our-future-by-funding-fossil-fuel-expansion/
9. International support - https://www.international.gc.ca/gac-amc/publications/odaaa-lrmado/report-rapport-18-19.aspx?lang=eng
10. Infrastructure - https://www.hilltimes.com/2021/08/25/transportation-infrastructure-key-for-canadas-economic-recovery/313242
Here is a review of key areas facing Canada and the world. Canada along with its provinces will require to work together as part of moving Canada's economy and public sector beyond 2020 into the future.
Many different groups will write paper and/or articles on government from their perspective. It is important for readers to review all sources when it comes to debating various government policies
Justin Trudeau constantly calls out the Harper era like he did in 2015. The problem is Trudeau never discuss details as the details tell a different picture.
Retail sales were down 0.6% to $56.6 billion in September. The decline was led by lower sales at motor vehicle and parts dealers (-1.6%) as new car dealer sales (-2.8%) continued to struggle amid global supply shortages for semiconductor chips.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/211119/dq211119a-eng.htm
Geopolitical Events| Vaccines Distribution| Canada and the World| May 1, 2021paul young cpa, cga
Blog – COVID19 – Pandemic Management – WE May 1, 2021
1. GDP / USA - https://www.bloomberg.com/news/articles/2021-04-29/u-s-economic-recovery-gained-steam-in-first-quarter-on-spending
2. Stranded capital - https://www2.deloitte.com/us/en/insights/economy/spotlight/economics-insights-analysis.html
3. USA fiscal management - https://www.slideshare.net/paulyoungcga/fiscal-management-federal-state-and-local-government-the-united-states It is interesting that USA is looking at policy changes when it comes to environment and not imposing a federal carbon tax on households and businesses. You would think @JustinTrudeau would look at all angles, right? Circular https://www.slideshare.net/paulyoungcga/how-best-to-managed-the-circular-economy
4. Supply Chain - https://www.supplychainbrain.com/articles/31024-coronavirus-watch-governments-rush-to-secure-ventilators
5. 3rd wave - https://www.fitchsolutions.com/topic/coronavirus
6. Geopolitical risks - https://globalriskinsights.com/
7. Climate Change - https://www.japantimes.co.jp/opinion/2021/04/29/commentary/world-commentary/cop26-carbon-emissions-climate-change-environment-u-s-china-russia/
8. Biden and Foreign Policies - https://www.theglobeandmail.com/world/article-will-bidens-pitting-of-democracies-against-autocracies-lead-to-a/
9. China Debt - https://www.bloomberg.com/opinion/articles/2021-04-28/how-ratings-agencies-ignored-china-debt-risks-over-huarong
10. Global Outlook https://www2.deloitte.com/us/en/insights/economy/global-economic-outlook/weekly-update.html
Blog – Failure of Trudeaunomics – October 2021
Inflation went from 1% in 2015 to 1.9% in 2019 and now is 4.7% in Oct/21
Public sector jobs continue to outpace the private sector jobs
GDP went from 3.0% in 2017 to 1.6% 2019 (pre-Covid)
Housing prices continue to rise
Welcome to @justinTrudeau ‘s Canada
Canada| Economic and Fiscal Scorecard| October 2021 and September 2021paul young cpa, cga
Blog – Canada – Economic Scorecard for October 2021 and September 2021
a) GDP grew at 5.3% annual pace in the 3Q21 - https://www.bnnbloomberg.ca/statistics-canada-says-gdp-grew-at-5-4-annual-rate-in-q3-1.1688906
b) Wages expected to rise by 2.7% in 2022 - https://www.benefitscanada.com/news/bencan/survey-says-wages-set-to-rise-2-7-in-2022-as-inflation-hits-new-high/
c) Food bank - https://www.theglobeandmail.com/canada/article-nearly-600000-people-accessed-ontario-food-banks-last-year-report-2/
d) Micro housing promoted by CMHC - https://www.theglobeandmail.com/canada/article-nearly-600000-people-accessed-ontario-food-banks-last-year-report-2/
e) Food costs - https://www.marketscreener.com/news/latest/Food-commodity-markets-Stable-with-considerable-upside-price-risks--37157673/
f) Fertilizer - https://theeagle.com/landandlivestockpost/fertilizer-prices-continue-record-climb/article_50b1886e-432b-11ec-b19f-bfb24750ac08.html
g) Commodities - https://www.bloomberg.com/markets/commodities
h) GDP growth has been led by government spending and housing. The goods-producing sector continues to struggle with growth. Real gross domestic product (GDP) edged up 0.1% in September, as declines largely concentrated in manufacturing, construction and retail trade were more than offset by broad-based expansions in services-producing industries as well as in mining, quarrying and oil and gas extraction. https://www150.statcan.gc.ca/n1/daily-quotidien/211130/dq211130b-eng.htm
i) TSX - https://www.reuters.com/markets/europe/tsx-opens-higher-energy-stocks-jump-stronger-crude-2021-11-29/
Blog – Dairy Sector – Canada – November 2021
Dairy sector continues to face many challenges due cost of feed and other related input costs.
Dairy prices have not risen as much as other prices.
Liberals continue to fail address issues like the impact of the carbon tax on agriculture out and food production.
1. Rising feed prices - https://www.thebeefsite.com/news/57977/canadian-farmers-face-serious-feed-shortages/
2. Oatly - https://ca.news.yahoo.com/oatly-ads-banned-making-misleading-000100110.html
3. Fertilizer - https://www.thedailyscoop.com/news/retail-industry/how-todays-fertilizer-prices-could-reshape-industry
4. Butter production - https://www.foodbusinessnews.net/articles/20477-butter-prices-soar-to-multi-year-highs
5. Higher input costs - https://www.newsbug.info/iroquois_countys_times-republic/news/agriculture/farmers-dealing-with-dramatically-higher-input-costs/article_e5f4b953-424e-5735-bf47-3e8f5cc8c8a6.html
6. Drought - https://www.reuters.com/world/americas/canadian-farmers-face-cattle-feed-shortage-due-drought-transport-strains-2022-01-25/
7. Potato - https://www.thestar.com/news/world/2022/01/25/is-canada-fighting-a-trade-war-against-its-own-potato-farmers.html
8. Cybersecurity - https://www.canadiancattlemen.ca/daily/farm-cybersecurity-campaign-seeks-farmer-input/
9. Food exports - https://www.spglobal.com/platts/en/market-insights/latest-news/agriculture/012422-canadas-common-wheat-exports-rise-63-on-week-durum-wheat-shipments-fall
10. AG and China - https://ipolitics.ca/2022/01/21/chinese-ambassador-pitches-improved-trade-to-western-canada/
11. Food security - https://globalnews.ca/news/8532207/canada-grocery-stores-food-supply-prices/
Justin Trudeau made many promises back in 2015 including being open, transparent, and accountable. This presentation looks at many areas of policy. The readers of this report can make their own decisions on whether Trudeau has been open, transparent, and accountable to Canadians.
1. Trade protectionism - https://torontosun.com/opinion/editorials/editorial-bidens-buy-american-policies-hurting-canada
2. Climate Change - https://www.cbc.ca/news/politics/environment-commissioner-report-failure-to-failure-1.6262523
3. Benefits - https://nationalpost.com/news/politics/some-cerb-recipients-set-to-get-notices-that-they-owe-feds-some-of-the-aid?r
4. Wage growth - https://financialpost.com/news/economy/immigrant-influx-is-stunting-wage-growth-in-canadian-recovery
5. GDP - https://economics.td.com/ca-weekly-bottom-line
6. Housing - https://www.bnnbloomberg.ca/it-s-like-gamestop-mortgage-expert-on-risk-of-housing-correction-1.1687056
7. Canada lags many states in oil and gas development - https://www.fraserinstitute.org/studies/canada-us-energy-sector-competitiveness-survey-2021
8. Streaming = https://ca.finance.yahoo.com/news/media-experts-agree-action-needed-110000640.html
9. Skills gaps - https://financialpost.com/sponsored/business-sponsored/building-the-future-of-continuing-education
10. Deficit - https://www.theglobeandmail.com/politics/article-report-says-federal-deficit-stood-at-686b-halfway-through-fiscal-year/ or https://www.advisor.ca/news/economic/federal-deficit-hits-nearly-69b-over-first-half-of-fiscal-year/
Summary:
Farm incomes continue to be strong.
AG equipment sales had a banner year in 2021.
More and more farmers will continue to adopt expert farming and sustainable practices when it comes to managing their crop yields.
Agriculture subsidies continue to be a focus area as countries look to expand their AG exports.
1. Crop yields – http://geographical.co.uk/people/development/item/4253-adapt-to-survive
2. Crop insurance and Expert farming - https://www.agri-pulse.com/articles/16975-direct-checks-expected-to-ignite-cover-crop-surge-crop-insurance-may-play-role-too
3. Vertical farming - https://www.hortweek.com/pioneers-shaping-future-vertical-farming/fresh-produce/article/1737366
4. Ag subsidies - https://www.oxfordmartin.ox.ac.uk/blog/meat-and-dairy-gobble-up-farming-subsidies/
5. Trade - https://www.wattagnet.com/articles/44271-now-is-the-time-to-pursue-us-africa-agriculture-trade?v=preview
6. Trade - https://www.livemint.com/news/world/india-to-remove-longstanding-barrier-to-agricultural-trade-say-us-officials-11641858901225.html
7. Food costs - https://www.citizen-times.com/story/news/local/2022/01/13/rising-food-costs-2022-groceries-restaurants-farmers-department-agriculture/9184619002/
8. Inflation - https://ca.movies.yahoo.com/december-inflation-sees-fastest-price-152424665.html
9. Farm income - https://katv.com/news/local/farm-incomes-on-the-rise-fryar-center-predicts-trend-to-continue-in-20
10. Outlook - https://upstreamaginsights.substack.com/p/2022-upstream-ag-insights-outlook or https://www.agriculture.com/news/business/2021-was-a-year-unlike-any-other-for-farm-machinery
11. Automation - https://www.gmpresswire.com/agricultural-robots-market-outlook-by-opportunity-and-demand-analysis-forecast-2026/
12. Fertilizer - https://www.realagriculture.com/2017/12/vervaets-slurry-spreader-features-nir-for-precise-nitrogen-application/
Market set prices for business
Canada goods producing sector jobs as % of total jobs has decreased since the Liberals took office in 2015
Liberals impose new small business tax rules (Passive Income and Income Sprinkling)
Government set policies like environment laws, labour laws, trade/investment, taxation
Canada new C69 will drag out approval for resource projects by years.
It is not one policy that drives FDI, but many policies
FDI has left Canada for other jurisdiction due to taxes and regulatory processes - http://business.financialpost.com/commodities/energy/canadian-drillers-moving-rigs-south-to-chase-better-prospects-in-texas-oilfields
Canada personal taxation rates have been increased over the past few years.
Many different groups will write paper and/or articles on government from their perspective. It is important for readers to review all sources when it comes to debating various government policies
Justin Trudeau constantly calls out the Harper era like he did in 2015. The problem is Trudeau never discuss details as the details tell a different picture.
Retail sales were down 0.6% to $56.6 billion in September. The decline was led by lower sales at motor vehicle and parts dealers (-1.6%) as new car dealer sales (-2.8%) continued to struggle amid global supply shortages for semiconductor chips.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/211119/dq211119a-eng.htm
Geopolitical Events| Vaccines Distribution| Canada and the World| May 1, 2021paul young cpa, cga
Blog – COVID19 – Pandemic Management – WE May 1, 2021
1. GDP / USA - https://www.bloomberg.com/news/articles/2021-04-29/u-s-economic-recovery-gained-steam-in-first-quarter-on-spending
2. Stranded capital - https://www2.deloitte.com/us/en/insights/economy/spotlight/economics-insights-analysis.html
3. USA fiscal management - https://www.slideshare.net/paulyoungcga/fiscal-management-federal-state-and-local-government-the-united-states It is interesting that USA is looking at policy changes when it comes to environment and not imposing a federal carbon tax on households and businesses. You would think @JustinTrudeau would look at all angles, right? Circular https://www.slideshare.net/paulyoungcga/how-best-to-managed-the-circular-economy
4. Supply Chain - https://www.supplychainbrain.com/articles/31024-coronavirus-watch-governments-rush-to-secure-ventilators
5. 3rd wave - https://www.fitchsolutions.com/topic/coronavirus
6. Geopolitical risks - https://globalriskinsights.com/
7. Climate Change - https://www.japantimes.co.jp/opinion/2021/04/29/commentary/world-commentary/cop26-carbon-emissions-climate-change-environment-u-s-china-russia/
8. Biden and Foreign Policies - https://www.theglobeandmail.com/world/article-will-bidens-pitting-of-democracies-against-autocracies-lead-to-a/
9. China Debt - https://www.bloomberg.com/opinion/articles/2021-04-28/how-ratings-agencies-ignored-china-debt-risks-over-huarong
10. Global Outlook https://www2.deloitte.com/us/en/insights/economy/global-economic-outlook/weekly-update.html
Blog – Failure of Trudeaunomics – October 2021
Inflation went from 1% in 2015 to 1.9% in 2019 and now is 4.7% in Oct/21
Public sector jobs continue to outpace the private sector jobs
GDP went from 3.0% in 2017 to 1.6% 2019 (pre-Covid)
Housing prices continue to rise
Welcome to @justinTrudeau ‘s Canada
Canada| Economic and Fiscal Scorecard| October 2021 and September 2021paul young cpa, cga
Blog – Canada – Economic Scorecard for October 2021 and September 2021
a) GDP grew at 5.3% annual pace in the 3Q21 - https://www.bnnbloomberg.ca/statistics-canada-says-gdp-grew-at-5-4-annual-rate-in-q3-1.1688906
b) Wages expected to rise by 2.7% in 2022 - https://www.benefitscanada.com/news/bencan/survey-says-wages-set-to-rise-2-7-in-2022-as-inflation-hits-new-high/
c) Food bank - https://www.theglobeandmail.com/canada/article-nearly-600000-people-accessed-ontario-food-banks-last-year-report-2/
d) Micro housing promoted by CMHC - https://www.theglobeandmail.com/canada/article-nearly-600000-people-accessed-ontario-food-banks-last-year-report-2/
e) Food costs - https://www.marketscreener.com/news/latest/Food-commodity-markets-Stable-with-considerable-upside-price-risks--37157673/
f) Fertilizer - https://theeagle.com/landandlivestockpost/fertilizer-prices-continue-record-climb/article_50b1886e-432b-11ec-b19f-bfb24750ac08.html
g) Commodities - https://www.bloomberg.com/markets/commodities
h) GDP growth has been led by government spending and housing. The goods-producing sector continues to struggle with growth. Real gross domestic product (GDP) edged up 0.1% in September, as declines largely concentrated in manufacturing, construction and retail trade were more than offset by broad-based expansions in services-producing industries as well as in mining, quarrying and oil and gas extraction. https://www150.statcan.gc.ca/n1/daily-quotidien/211130/dq211130b-eng.htm
i) TSX - https://www.reuters.com/markets/europe/tsx-opens-higher-energy-stocks-jump-stronger-crude-2021-11-29/
Blog – Dairy Sector – Canada – November 2021
Dairy sector continues to face many challenges due cost of feed and other related input costs.
Dairy prices have not risen as much as other prices.
Liberals continue to fail address issues like the impact of the carbon tax on agriculture out and food production.
1. Rising feed prices - https://www.thebeefsite.com/news/57977/canadian-farmers-face-serious-feed-shortages/
2. Oatly - https://ca.news.yahoo.com/oatly-ads-banned-making-misleading-000100110.html
3. Fertilizer - https://www.thedailyscoop.com/news/retail-industry/how-todays-fertilizer-prices-could-reshape-industry
4. Butter production - https://www.foodbusinessnews.net/articles/20477-butter-prices-soar-to-multi-year-highs
5. Higher input costs - https://www.newsbug.info/iroquois_countys_times-republic/news/agriculture/farmers-dealing-with-dramatically-higher-input-costs/article_e5f4b953-424e-5735-bf47-3e8f5cc8c8a6.html
6. Drought - https://www.reuters.com/world/americas/canadian-farmers-face-cattle-feed-shortage-due-drought-transport-strains-2022-01-25/
7. Potato - https://www.thestar.com/news/world/2022/01/25/is-canada-fighting-a-trade-war-against-its-own-potato-farmers.html
8. Cybersecurity - https://www.canadiancattlemen.ca/daily/farm-cybersecurity-campaign-seeks-farmer-input/
9. Food exports - https://www.spglobal.com/platts/en/market-insights/latest-news/agriculture/012422-canadas-common-wheat-exports-rise-63-on-week-durum-wheat-shipments-fall
10. AG and China - https://ipolitics.ca/2022/01/21/chinese-ambassador-pitches-improved-trade-to-western-canada/
11. Food security - https://globalnews.ca/news/8532207/canada-grocery-stores-food-supply-prices/
Justin Trudeau made many promises back in 2015 including being open, transparent, and accountable. This presentation looks at many areas of policy. The readers of this report can make their own decisions on whether Trudeau has been open, transparent, and accountable to Canadians.
1. Trade protectionism - https://torontosun.com/opinion/editorials/editorial-bidens-buy-american-policies-hurting-canada
2. Climate Change - https://www.cbc.ca/news/politics/environment-commissioner-report-failure-to-failure-1.6262523
3. Benefits - https://nationalpost.com/news/politics/some-cerb-recipients-set-to-get-notices-that-they-owe-feds-some-of-the-aid?r
4. Wage growth - https://financialpost.com/news/economy/immigrant-influx-is-stunting-wage-growth-in-canadian-recovery
5. GDP - https://economics.td.com/ca-weekly-bottom-line
6. Housing - https://www.bnnbloomberg.ca/it-s-like-gamestop-mortgage-expert-on-risk-of-housing-correction-1.1687056
7. Canada lags many states in oil and gas development - https://www.fraserinstitute.org/studies/canada-us-energy-sector-competitiveness-survey-2021
8. Streaming = https://ca.finance.yahoo.com/news/media-experts-agree-action-needed-110000640.html
9. Skills gaps - https://financialpost.com/sponsored/business-sponsored/building-the-future-of-continuing-education
10. Deficit - https://www.theglobeandmail.com/politics/article-report-says-federal-deficit-stood-at-686b-halfway-through-fiscal-year/ or https://www.advisor.ca/news/economic/federal-deficit-hits-nearly-69b-over-first-half-of-fiscal-year/
Summary:
Farm incomes continue to be strong.
AG equipment sales had a banner year in 2021.
More and more farmers will continue to adopt expert farming and sustainable practices when it comes to managing their crop yields.
Agriculture subsidies continue to be a focus area as countries look to expand their AG exports.
1. Crop yields – http://geographical.co.uk/people/development/item/4253-adapt-to-survive
2. Crop insurance and Expert farming - https://www.agri-pulse.com/articles/16975-direct-checks-expected-to-ignite-cover-crop-surge-crop-insurance-may-play-role-too
3. Vertical farming - https://www.hortweek.com/pioneers-shaping-future-vertical-farming/fresh-produce/article/1737366
4. Ag subsidies - https://www.oxfordmartin.ox.ac.uk/blog/meat-and-dairy-gobble-up-farming-subsidies/
5. Trade - https://www.wattagnet.com/articles/44271-now-is-the-time-to-pursue-us-africa-agriculture-trade?v=preview
6. Trade - https://www.livemint.com/news/world/india-to-remove-longstanding-barrier-to-agricultural-trade-say-us-officials-11641858901225.html
7. Food costs - https://www.citizen-times.com/story/news/local/2022/01/13/rising-food-costs-2022-groceries-restaurants-farmers-department-agriculture/9184619002/
8. Inflation - https://ca.movies.yahoo.com/december-inflation-sees-fastest-price-152424665.html
9. Farm income - https://katv.com/news/local/farm-incomes-on-the-rise-fryar-center-predicts-trend-to-continue-in-20
10. Outlook - https://upstreamaginsights.substack.com/p/2022-upstream-ag-insights-outlook or https://www.agriculture.com/news/business/2021-was-a-year-unlike-any-other-for-farm-machinery
11. Automation - https://www.gmpresswire.com/agricultural-robots-market-outlook-by-opportunity-and-demand-analysis-forecast-2026/
12. Fertilizer - https://www.realagriculture.com/2017/12/vervaets-slurry-spreader-features-nir-for-precise-nitrogen-application/
Market set prices for business
Canada goods producing sector jobs as % of total jobs has decreased since the Liberals took office in 2015
Liberals impose new small business tax rules (Passive Income and Income Sprinkling)
Government set policies like environment laws, labour laws, trade/investment, taxation
Canada new C69 will drag out approval for resource projects by years.
It is not one policy that drives FDI, but many policies
FDI has left Canada for other jurisdiction due to taxes and regulatory processes - http://business.financialpost.com/commodities/energy/canadian-drillers-moving-rigs-south-to-chase-better-prospects-in-texas-oilfields
Canada personal taxation rates have been increased over the past few years.
Fiscal and Economic Management| Canada| August 2020| Analysis and Commentarypaul young cpa, cga
The government under their mandate is faced with the election mandate along with facing geopolitical issues that drive both the fiscal management cycle and the economy. This presentation looks at various issues facing Canada including what is required to resolve the various issues
All governments have to follow their fiscal management cycle and that includes internal audit programs. The problem is too many governments put little focus on operational and performance audits as part of managing their fiscal cycle.
Scorecard - Key Metrics - The United States - July 2022 and August 2022.pptxpaul young cpa, cga
USA GDP has contracted for two consecutive quarters
Business automation spending continues to grow
USA continues to look at ways to expand LNG exports
Farmers continue to face challenges with crop yields
Housing market is facing enormous challenges over eighteen months
Inflation has been declining but more needs to be done to address systemic issues with inflation. Key focus areas should be reeling government spending, tax, and regulatory reforms as part of addressing issues with productivity
Innovation is another area that the private sector needs to do more investing as part of managing their product life cycles.
The federal government ran a deficit of nearly $69 billion over the first half its fiscal year, almost $130 billion less than the treasury pumped out during the same stretch one year earlier.
The Finance Department’s fiscal monitor says the budgetary deficit between April and September was $68.6 billion, down from the $198.1 billion recorded over the same months in 2020 when Covid-19 first struck.
Source - https://www.advisor.ca/news/economic/federal-deficit-hits-nearly-69b-over-first-half-of-fiscal-year/
1. Deficit / Canada - https://www.reuters.com/markets/rates-bonds/canada-records-c6857-bln-budget-deficit-over-first-six-months-202122-2021-11-26/
2. BOC / qualitative easing - https://www.bankofcanada.ca/2021/11/financial-stability-through-the-pandemic-and-beyond/
3. Inflation - https://financialpost.com/opinion/philip-cross-government-is-driving-inflation
4. Household debt - https://www.consolidatedcreditcanada.ca/financial-news/household-debt/
5. https://twitter.com/EvanLSolomon/status/1464071997286232100 Hey Evan - Sep/19 also seen higher inflation compared to Oct/15 but there was no comment from you back in Sep/19, why? https://www.slideshare.net/paulyoungcga/2019-election-cost-of-living-canada-june-2019 There was also no comment how GDP growth went from 3.0% (2017) to 1.6% (2019), right? https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp
6. Interest rates - https://www.bloomberg.com/news/articles/2021-10-27/bank-of-canada-accelerates-potential-timing-of-rate-hikes
7. Housing - https://theconversation.com/want-to-solve-the-housing-crisis-address-super-charged-demand-169809
8. Consumer spending - https://thoughtleadership.rbc.com/rbc-consumer-spending-tracker/
9. Infrastructure bank - https://canada.constructconnect.com/dcn/news/projects/2021/11/cib-hits-its-stride-with-20-projects-in-its-portfolio
10. https://globalnews.ca/news/8404028/prime-minister-justin-trudeau-bc-flood-zone/ Is @JustinTrudeau taking his surfboard? Many of us already know it will be lots of word salad and little said about all levels of government failing to safeguard assets! https://www.slideshare.net/paulyoungcga/crisis-and-emergency-management-risk-management-how-best-to-manage-risk
Canada - Fiscal Management - Deficit and Debt - May 2022.pptxpaul young cpa, cga
Blog – Public Sector – What is next for Canada – June 2022
The federal public services have expanded by over 50K job and yet there are backlogs with passports, immigration, and other areas of government
Federal government deficits pre-covid nineteen did little to address productivity, innovation, skills gaps, and affordable housing.
Canada per capita GDP trails other countries like Qatar https://georank.org/economy/canada/qatar and Australia https://georank.org/economy/australia/canada
Canada continues to struggle with high inflation - https://www.cbc.ca/news/politics/chrystia-freeland-inflation-1.6501750
Scorecard - Key Metrics - The United States - June 2022 and July 2022.pptxpaul young cpa, cga
Here is my latest look at the United States.
Summary
United States GDP dropped for second straight quarter.
Over 11M job vacancies across the United States
Inflation continues to remain high. The Federal Reserve has commented that it will take years to bring down the inflation rate to 2%.
Canada - Fiscal Management - Deficit and Debt - March 2022.pptxpaul young cpa, cga
Federal fiscal deficit hit nearly 96B for the FY ending March 2022
OPP costs continue to plague municipal and local government budgets
More needs to be done from all levels of government to mitigate the impacts of climate change
All levels of government need to address issues with housing
Governments need to start looking at the operational model as part of managing costs.
All levels of government need revisit tax policies to ensure fairness.
More needs to be done to address skill gaps and economic development
More needs to be done to address issues with healthcare wait times
Better alignment of education with the jobs of today and tomorrow
There was a budgetary deficit of $3.7 billion in October 2021, compared to a deficit of $18.5 billion in October 2020. The budgetary deficit before net actuarial losses and gains was $5.4 billion, compared to a deficit of $17.2 billion in the same period of 2020–21. The budgetary balance before net actuarial losses and gains is intended to supplement the traditional budgetary balance and improve the transparency of the government's financial reporting by isolating the impact of the amortization of net actuarial losses and gains arising from the revaluation of the government's pension and other employee future benefit plans
Source - https://www.canada.ca/en/department-finance/services/publications/fiscal-monitor/2021/10.html
1. Fiscal update - https://rabble.ca/politics/canadian-politics/feds-fiscal-update-is-all-about-covid-but-does-too-little-to-address-root-cause/
2. Housing - https://betterdwelling.com/canadian-real-estate-prices-forecast-to-rise-while-incomes-fall-fitch-ratings/
3. Fitch - https://www.fitchratings.com/research/international-public-finance/canadian-provinces-rebound-in-2022-debt-bears-watching-13-12-2021
4. Food costs - https://www.fitchratings.com/research/international-public-finance/canadian-provinces-rebound-in-2022-debt-bears-watching-13-12-2021
5. Income and food costs - https://globalnews.ca/video/8458094/most-canadians-dont-believe-their-income-will-keep-up-with-rising-food-prices/amp/
6. 2B trees - https://www.cbc.ca/news/politics/canada-trees-planting-climate-1.6288938
7. Critical metals - https://www.sudbury.com/beyond-local/mining-the-future-canadas-high-hopes-to-become-a-global-critical-mineral-powerhouse-4870557
8. China - https://www.theglobeandmail.com/business/commentary/article-china-is-buying-up-the-critical-green-revolution-minerals-sector-in/
9. LNG - https://thenarwhal.ca/bc-last-lng-project/
10. Oil Production - https://financialpost.com/executive/executive-summary/posthaste-canada-set-to-smash-oil-production-record-in-2022-and-thats-a-little-bearish-for-oil
11. Manufacturing - https://www.conferenceboard.ca/insights/featured/canadian-economics/manufacturing-sales-show-signs-of-life
Summary:
There was a budgetary deficit of $3.9 billion in July 2022, compared to a deficit of $10.9 billion in July 2021. The budgetary deficit before net actuarial losses was $3.0 billion, compared to a deficit of $9.6 billion in the same period of 2021-22. The budgetary balance before net actuarial losses is intended to supplement the traditional budgetary balance and improve the transparency of the government’s financial reporting by isolating the impact of the amortization of net actuarial losses arising from the revaluation of the government’s pension and other employee future benefit plans.
As expected, the government’s 2022-23 financial results continue to improve compared to the peak of the COVID-19 crisis and the unprecedented level of temporary COVID-19 response measures at the time.
Source – Government of Canada
Similar to New Normal| Canada and the World| February 2021 (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
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.
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/
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.
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
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
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
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
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 is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Financial Solutions
• SME – Business Process Change
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. Agenda
GDP / January 2020
Government
Stock Market
Household Debt
Farm Incomes / 2019
Affordability / February 2020
Merchandise Trade / February 2020
Job Losses / March 2020
Government Stimulus
Provinces / re-opening
Healthcare
WHO
China and transparency
Reforming government
Automation
Hospitality Sector
Vaccinations
Masks and the New Norm
Crisis Management
Additional Sources – Training and Development
4. Global Forecast
Source - https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.global-outlook-and-forecast-tables.scotiabank's-forecast-tables.2021.february-4--2021.html
5. Transforming
government
All levels of government will need to be
transformed
Areas of focus
Fiscal management
Crisis and Risk Management
Compensation management
Urban planning
Economic development
Source -
https://www.slideshare.net/paulyoungcga/fiscal-
management-provinces-canada or
https://www.slideshare.net/paulyoungcga/whats-next-
for-municipal-government
6. Government
All levels of government need to undertake a
fiscal cycle management review
All levels of governments need to have audit
risk and crisis management reports -
https://www.slideshare.net/paulyoungcga/crisi
s-management-how-best-to-managed-a-crisis
All levels of government must follow
performance and operational audits as part of
fixing any issues with public policy (value for
money/program spending, efficient and
effective use of resources, tax fairness, etc.
https://www.slideshare.net/paulyoungcga/
fiscal-management-provinces-canada or
https://www.slideshare.net/paulyoungcga/
fiscal-management-united-states-
individual-states-performance or
7. Farm Incomes
Carbon Tax / Farm Incomes “An organization representing
agricultural producers in Saskatchewan says the federal carbon
tax could eat up to 12 per cent of a farmer’s net income by
2022.” https://globalnews.ca/news/6500544/farm-income-
carbon-tax-saskatchewan-agricluture/
Farm Income / 2018 –” The realized net farm income of
agricultural producers fell 45.1% in 2018 to $3.9 billion, the
largest percentage decrease since 2006. This followed a 2.8%
decline in 2017. Realized net income is the difference between
a farmer's cash receipts and operating expenses, minus
depreciation, plus income in kind. Rising feed, interest and
labor costs together with little change in farm cash receipts
pushed realized net farm income lower. Realized net income
fell in every province except New Brunswick (+7.2%) where an
increase in cannabis and potato production boosted receipts.
More than one-third of the national decrease was attributable
to a 68.1% decline in Alberta. ” -
https://www150.statcan.gc.ca/n1/daily-
quotidien/190528/dq190528a-eng.htm
Farmers continue to struggle with taxation and overregulation
by all levels of government -
https://www.slideshare.net/paulyoungcga/canada-how-are-
farmers-doing-in-financial-in-canada
10. Household
Debt
Household debt slightly decline
4Q20 - Household debt as a
proportion of disposable income
ticked down from 176.6% in the third
quarter to 176.3% in Q4, the agency
reported.
At the same time, the household
debt service ratio — which
represents payments of principal and
interest as a proportion of household
disposable income — rose to 14.98%,
StatsCan said. Debt payments grew
by 6.9% in 2019, while disposable
income rose by 4.9%. – Source -
https://www.advisor.ca/news/econo
mic/household-debt-remains-
elevated-service-ratio-rises-statscan/
11. Global Protectionism
• The world has seen a rise in global protectionism.
• Buy America
• Controlling of key parts of the supply chain
• Lack of WTO Reforms
1. USA Trade - https://www.slideshare.net/paulyoungcga/goodsproducing-sector-merchandise-trade-the-united-states-
december-2020
2. Canada Trade - https://www.slideshare.net/paulyoungcga/goodsproducing-sector-merchandise-trade-canada-december-2020
3. Trade / World - https://voxeu.org/article/trade-imbalances-and-rise-protectionism
4. WTO - https://www.wto.org/english/news_e/news_e.htm
12. January 2021
Canada lost over 200K jobs in January 2021 as compare to the United States who gain 49K
https://www.slideshare.net/paulyoungcga/job-quality-and-labor-market-analysis-canada-january-2021 or
https://www.slideshare.net/paulyoungcga/employment-and-the-labour-marketunited-states-january-2021
13. OECD Employment – January 2021
Source - https://www.marketscreener.com/news/latest/Unemployment-Rates-OECD-
Updated-January-2021--32262354/
14. Government
Stimulus
Private Sector
Loan deferrals
Mortgages
Federal Government
Wage Subsidies
GST tax credits
Child tax benefit
Loans to businesses
Rent Subsidies
Additional programs for other sectors of the
economy (TBA)
Additional wage support (TBA)
• There have been many issues with stimulus including the size and effectiveness -
https://www.slideshare.net/paulyoungcga/fiscal-management-debt-and-deficits-canada or
https://www2.slideshare.net/paulyoungcga/fiscal-and-economic-management-federal-and-state-government-usa-
239156173
• The Liberals are planning additional stimulus targeted at UBI and the Green Economy. The Canadian economy cannot
afford more social and green spending - https://www.slideshare.net/paulyoungcga/global-economy-current-state-
and-whats-next or https://www2.slideshare.net/paulyoungcga/what-is-next-for-the-global-economy-november-2020
15. Carbon Tax
The federal government increase the carbon tax by 50%
https://nationalpost.com/news/canada/april-1-in-canada-federal-
carbon-tax-jumps-50-and-mps-salaries-grow-2-1
Trudeau says people get more back, but the reality Trudeau
is not taking in account the costs pass through the supply
chain - https://www.slideshare.net/paulyoungcga/truth-
about-emissions-and-carbon-pricing
Trudeau is using the pandemic to push Agenda 2030 -
https://www.slideshare.net/paulyoungcga/canada-and-
agenda-2030-justin-trudeau-end-state-for-canada or
Agenda 2030
https://www2.slideshare.net/paulyoungcga/global-
emissions-and-climate-change-canada-and-the-world or
https://www2.slideshare.net/paulyoungcga/agenda-2030-
canada-economic-reset
Provinces have said little as provinces could be delay and/or
in some cases deny federal funding if they do not support
the carbon tax - https://ipolitics.ca/2020/04/09/morneau-
provinces-must-apply-climate-lens-to-covid-19-recovery-
efforts/?fbclid=IwAR0hddQ9r4aIh43upNgLRJfRT9xMQDxem0
Ov5_pc9NgU0VV9UA0r1CTfJ4Y
17. Provinces / Re-
opening
There is going to need to be gradual phase in when it comes to re-opening
the economy
Procurement of medical supplies - https://buyandsell.gc.ca/calling-all-
suppliers-help-canada-combat-covid-19 - There needs to be a made
in North America solution as part ensuring quality control meets
Health Canada standard
Social distancing needs to be adhere too -
https://www.live5news.com/2020/04/21/lowcountry-retail-businesses-
reopen-under-strict-social-distancing-rules/
Keeping the border close to international travel -
https://www.clickondetroit.com/news/local/2020/04/19/us-and-
canada-agree-to-extend-border-closure-for-non-essential-travel/
Tight restrictions on China
No travel to/from China
All Chinese goods should be quarantine for 14 days
No sale of assets and/or debt to China -
https://www.slideshare.net/paulyoungcga/wiil-china-become-
more-open-and-transparent
Travel is still coming in from international locations -
https://www150.statcan.gc.ca/n1/daily-
quotidien/200916/dq200916e-eng.htm
My work on COVID19 -
18. Healthcare
Funding for assisted living and healthcare -
https://www.slideshare.net/paulyoungcga/retirement-and-assistant-
living-canada-issues-and-what-needs-to-be-done
Continue work with pharma on vaccines and treatments
https://www.statnews.com/2020/04/30/big-pharma-improve-
reputation-covid-19-response/
Steps should be taken to protect the most vulnerable
Isolation
Masks / testing
Treatments
Healthcare reforms:
https://www.slideshare.net/paulyoungcga/global-
healthcare-in-crisis-may-2020
LTC - https://www.slideshare.net/paulyoungcga/canada-
retirement-and-assisted-living-what-needs-to-be-done
Vaccines -
https://www.slideshare.net/paulyoungcga/covid19-race-
to-vaccine-and-expediting-testing-june-2020
Pandemics -
https://www.slideshare.net/paulyoungcga/pandemic-
management-of-a-crisis
COVID19 -
https://www2.slideshare.net/paulyoungcga/management
-of-pandemic-november-19-2020-analysis
19. Reforming the
WHO
The UN and its various agencies need to be more
accountable including performance audits. All
funding should be tied to performance audits and
operation audits (Value for Money)
https://www.slideshare.net/paulyoungcga/why-
the-united-nations-and-its-agencies-like-who-
need-to-be-reformed
20. China and
transparency China favorable status needs to be review, i.e. WTO,
International Law, etc.
Clean Tech -
https://www.slideshare.net/paulyoungcga/electrical-
vehicles-ev-all-you-need-to-know-may-2020 (See slide
21)
China - https://www.slideshare.net/paulyoungcga/china-
path-to-global-domination or
https://www2.slideshare.net/paulyoungcga/china-path-to-
global-domination-239279410
21. Automation /
transformation
Streamlining audit using analytics - In the private sector is
when I see bad audit reports trigger management
changes! https://www.slideshare.net/paulyoungcga/the-
importance-of-value-for-money-and-perfomance-based-
audits
More automation - https://www.globenewswire.com/news-
release/2020/05/29/2040784/0/en/Robotic-Process-
Automation-RPA-Market-to-Reach-6-81-Billion-by-2026-
Increasing-Investment-in-Cloud-Integration-Will-Bode-
Well-for-Market-Growth-says-Fortune-Business-
Insights.html or
https://www.statista.com/statistics/257170/global-
automation-market-revenue-by-end-market/
Transforming government -
https://www.slideshare.net/paulyoungcga/how-to-reform-
the-public-sector-in-canada-and-around-the-world
IT will play key role in terms of the economy
transformation -
https://www.slideshare.net/paulyoungcga/how-to-better-
support-the-technological-sector
The role of AI -
https://www2.slideshare.net/paulyoungcga/artificial-
intelligence-ai-with-office-of-the-cfo or
https://www.forbes.com/sites/forbestechcouncil/2020/10/2
8/four-ways-artificial-intelligence-is-hidden-in-our-daily-
lives/?sh=151024ea67ed
Move to more containerization of IT applications -
https://www.analyticsinsight.net/top-4-cloud-
technologies-that-will-go-mainstream-in-2021/
23. Mask and Social Distancing
Social distancing and masking are here to stay
Source - https://www.canadianmanufacturing.com/features/covid-19-vaccine-rollout-why-a-mask-
and-social-distancing-are-still-needed-even-if-you-get-the-shot/
24. Crisis Management
I think it is time for both the public and private sector to have audited crisis and emergency management reports as part of their
close, consolidate, and reporting cycle! https://www2.slideshare.net/paulyoungcga/crisis-and-emergency-management-how-best-to-
manage-risk
Blog - How to Transform Amid a Crisis a Crisis
The pandemic has accelerated underlying trends and pushed many companies to the brink of crisis. Reinvention is the key not only
to survival but also to long-term success.
It should be also noted that pandemic is not the only factor impacting both the private sector and public sectors. Both the private
and public sectors need to revise their risk policies and procedures including audited crisis and emergency management reports on
annual basis
Both the private and public sector need to embrace data and AI as part of managing their financial performance and results.
https://www.bcg.com/featured-insights/how-to/crisis-
transformation?utm_medium=Email&utm_source=esp&utm_campaign=none&utm_description=ealert&utm_topic=none&utm_g
eo=global&utm_content=202101&utm_usertoken=3e7e80a519d37879a15cb0322ecd17140a8832dc
25. What needs
to help
support the
economy
Many businesses will like restructured and/or shutdown due to loss of income - https://www.cfo.com/bankruptcy/2020/04/the-
restructuring-remedy/?utm_campaign=CFODailyAlert&utm_nooverride=1&utm_source=CFO-
email&utm_medium=email&utm_content=CFODailyAlert_Thursday_2020-4-9&utm_term=bankruptcy
500K jobs will like never come back
All levels of government will need to focus on economic development strategy
Emphasis on infrastructure spending - https://www.slideshare.net/paulyoungcga/2019-election-infrastructure-and-transit
Reforming the size of government, i.e. value for money and performance audits -
https://www.slideshare.net/paulyoungcga/the-importance-of-value-for-money-and-perfomance-based-audits
Skills Trades - https://www.slideshare.net/paulyoungcga/2019-election-human-capital-and-skills-management-canada-
september-2019
Reforming tax and regulations to support goods producing sector - https://www.slideshare.net/paulyoungcga/what-is-
going-on-with-canadas-competitiveness
Emphasis on natural resources and food processing sector - https://www.slideshare.net/paulyoungcga/analysis-of-natural-
resources-sector-canada and https://www.slideshare.net/paulyoungcga/agriculture-and-farming-sector-whats-next
Development of rural strategy as part of encouraging people to move to rural areas -
https://www.slideshare.net/paulyoungcga/2019-election-rural-areas-and-affairs-canada
Eliminating the carbon tax and focusing on more balance between the environment and the economy -
https://www.slideshare.net/paulyoungcga/truth-about-emissions-carbon-taxes-and-climate-change
Re-focusing on manufacturing
Drug/medical supplies and other products should be made locally - https://www.industryweek.com/the-
economy/competitiveness/article/21965621/the-drivers-of-manufacturing-reshoring
Encouraging manufacturing back to Canada,
Medical supplies and equipment
Consumer products/devices
3-D printing / Automation
Technology will help support the recovery - https://www.slideshare.net/paulyoungcga/technology-whats-
next-for-canada
Source - https://www.slideshare.net/paulyoungcga/whats-next-for-canadas-manufacturing-sector
26. Training and
Development
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)
These subjects address how to
fixed issues with housing
and/or systemic issues related
to economy including
government policies