Liberals are on more voting buying as they try to convince people they will reduce poverty by 50% by 2030.
The problem is there many factors that drive poverty which cannot be fixed with one off policies!
I am not sure the Stats Canada analysis are apples to apples when it comes to poverty numbers. Harper was down to 8% level when you look at LICO area. The LICO areas have gone up under @JustinTrudeau So, what are the real numbers?
Many Canadian government has tried to reduce poverty. The poverty levels have been consistent for years at 13%.
The Liberals have said they have reduced poverty, but the stats do no show that is the case.
Income inequality has been around your decades. Very few governments have had success with squashing income inequality. One could argue Scandinavia countries have done a good job eradication of income inequality but when you take a deep look then you will see high cost of living and lack of desire to work.
This presentation discusses all aspect low income and poverty levels including government policies, job creation, hydro rates, cost of living, income growth, income inequality, wealth distribution and income tax.
I am not sure the Stats Canada analysis are apples to apples when it comes to poverty numbers. Harper was down to 8% level when you look at LICO area. The LICO areas have gone up under @JustinTrudeau So, what are the real numbers?
Many Canadian government has tried to reduce poverty. The poverty levels have been consistent for years at 13%.
The Liberals have said they have reduced poverty, but the stats do no show that is the case.
Income inequality has been around your decades. Very few governments have had success with squashing income inequality. One could argue Scandinavia countries have done a good job eradication of income inequality but when you take a deep look then you will see high cost of living and lack of desire to work.
This presentation discusses all aspect low income and poverty levels including government policies, job creation, hydro rates, cost of living, income growth, income inequality, wealth distribution and income tax.
Liberals will continue to use identity politics to focus on emotion and not issues including their various policies
Canada needs to get back to taken care of their own
Canada needs to focus on being a desirable location for business including signing the right trade and investment deals, reducing regulations, balance approach to the environment and the economy
You cannot tax people to prosperity
Blog – Failure of Trudeanomics
1. Cost of living continues to rise - @JustinTrudeau keeps finding ways to tax people. Trudeau policies are not making things more affordable unless you are friends of the LPC! https://www.slideshare.net/paulyoungcga/cost-of-living-canada-february-2021
2. Housing bubble - https://www.mortgagebrokernews.ca/news/how-likely-is-a-canada-housing-crash-354545.aspx
3. Canada had 15B+ deficit with slower growth before COVID19 - https://ipolitics.ca/2021/03/31/pbo-projects-363-4b-federal-deficit-faster-economic-recovery/
4. Failure to safeguard assets and Canadians - https://www.oag-bvg.gc.ca/internet/English/att__e_43789.html
5. Canada competitiveness slipping - https://www.theguardian.pe.ca/opinion/local-perspectives/kevin-lynch-paul-deegan-atlantic-canada-not-keeping-up-with-the-global-competition-571328/
6. Potential structural issues with unemployment - https://www150.statcan.gc.ca/n1/daily-quotidien/210312/dq210312a-eng.htm
7. Trudeau promised open and transparent government which did not happen
8. Trudeau green reset is also a mistake as internal reports have shown issues with his subsidies program –
Few green energy projects are viable without subsidies, says an internal report at the Department of Natural Resources. Auditors called it a market failure: “Analysis of the financial information was revealing.”
https://www.blacklocks.ca/green-power-subsidy-fueled/
I support green technology if it is viable without direct subsidies.
https://www.slideshare.net/paulyoungcga/protecting-the-environment-through-proper-balance-between-economic-and-economic-policies (3/21)
https://www.slideshare.net/paulyoungcga/2019-election-direct-and-indirect-subsidies-to-businesses-august-2019 (Business subsidies are corporate welfare but gets ignored when these subsidies go to clean technology companies
Answers are with how you better manage the circular economy - https://www.slideshare.net/paulyoungcga/how-to-maximized-the-circular-economy-244067365
9. Slow growth
GDP was running 1.6% at the end of 2019 which is down nearly 40% from 2017.
GDP was in trouble pre-covid19.
2016 https://www.slideshare.net/paulyoungcga/2016-november-2016-gdp-gross-domestic-product-canada
2018 https://www.slideshare.net/paulyoungcga/gdp-canada-the-real-truth
Oct/19 - https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp
Jan/21 - https://www.slideshare.net/paulyoungcga/gdp-analysis-and-commentary-canadajanuary-2021
10. Forestry
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-forestry-sector-january-2021
Global Forest Watch found that the world’s forests sequestered about twice as much CO2 as they emitted between 2001 and 2019.
CAN has 9% of the total forest as such this would mean CAN is a carbon sink. So, why does CAN need a carbon tax?
@SeamusORegan
Summary:
I support review of all programs to ensure they are effective in terms of improving outcomes. More oversight needs to be done on all social welfare programs to ensure they are helping people but also supporting the growing of the economy in a sustainable way.
1. EI and its effectiveness - https://www.rand.org/blog/2021/01/unemployment-insurance-and-the-failure-to-reform.html
2. Failures of UBI - https://troymedia.com/politicslaw/universal-basic-income-has-been-tested-and-failed/#.YchnUVlOlPY
3. Failures of all levels of government to address the skills gap - https://www.randstad.ca/best-jobs/top-15-jobs/
4. Housing costs - https://canadiandimension.com/articles/view/navigating-the-housing-crisis-with-poverty-wages
5. Stifling of FDI - https://www.cpacanada.ca/en/public-interest/public-policy-government-relations/policy-advocacy/cpa-canada-tax-review-initiative/taxes-and-canadians/stifling-foreign-investment-holding-canada-back
6. Food costs - https://www.ctvnews.ca/business/here-s-how-much-more-canadians-can-expect-to-pay-for-food-in-2022-1.5699941
7. @JonathanWNV @cafreeland @JustinTrudeau @s_guilbeault Congrats on moving the Cdn economy to your govt & real estate-driven economy. The NR growth should be higher, but your policies have ensured that won't be the case! https://www.slideshare.net/paulyoungcga/gdp-canada-analysis-and-commentary-october-2021
8. Oil importance - https://www.teslarati.com/tesla-elon-musk-oil-gas-workers-support/
9. Child benefit - https://www.fraserinstitute.org/studies/does-the-canada-child-benefit-actually-reduce-child-poverty
10. Tax and spend policies - https://www.ey.com/en_pl/government-public-sector/six-ways-that-governments-can-drive-the-green-transition
Government Policies - Aboriginal affairs formerly first nations- Canada - Dec...paul young cpa, cga
This presentation looks state of funding for government affairs as well as accountability for how funding is used by Assembling of First Nations’ various bands
The presentation will look at areas like economic development, resource management, public safety, water and land management
Have the Liberals made lives for Canadians more affordable?paul young cpa, cga
The liberal ran on a platform saying they would make things more affordable. This presentation discuss key policy changes as part of people assessing did the Liberals make lives either more affordable or less affordable
Many leaders are pushing guarantee income as part of social policy reforms. The problem is guarantee income is very costly for government with limited benefit in areas of productivity and job quality.
1. Child care costs failure - https://www.parents.com/baby/childcare/child-care-costs-are-why-im-not-having-more-kids/
2. Costs - https://www.care.com/c/how-much-does-child-care-cost
3. Availability of spaces - https://www.cardus.ca/research/family/reports/is-there-a-shortage-of-child-care-in-canada/
4. New norm and child care – https://www.hcamag.com/nz/news/general/companies-consider-making-remote-work-the-new-norm/302121
5. Childcare model - https://policyoptions.irpp.org/magazines/july-2021/how-to-grow-an-accessible-high-quality-equitable-child-care-system/
6. PQ model - https://www.iedm.org/1921-quebecs-failed-child-care-model/
7. Child benefit - https://www.canada.ca/en/employment-social-development/news/2021/07/canada-child-benefit-5th-anniversary--indexation0.html
8. model - https://www.theglobeandmail.com/business/commentary/article-ontario-not-quebec-holds-the-model-for-child-care/
9. Best countries - https://ceoworld.biz/2021/02/01/the-worlds-best-countries-for-raising-kids-2021/
10. No consensus of how to fund child care - https://angusreid.org/child-care-in-canada/
11. ECE wages - https://www.payscale.com/research/CA/Job=Early_Childhood_Educator_(ECE)/Hourly_Rate/e894d1e7/Toronto-ON
12. Global ranking - https://www.theglobeandmail.com/canada/article-canada-trails-most-other-wealthy-countries-in-caring-for-children/ or
13. Provincial and federal moneys - https://globalnews.ca/news/8112898/new-brunswick-child-care-deal/
Poverty rates may be down, but there are issues with the rise in the cost of living
Many cities have vacant property that needs to be repurpose for other uses
Education needs to better align with the jobs of today and tomorrow
Housing starts are not keeping pace with population growth
Business automation will continue to impact employment markets
All levels of government need to address issues with productivity
All levels of government need to reduce operational cost through streamlining of their various delivery models
All levels of government need to work together on social transfer including better ways to support those that need the help the most
Liberals will continue to use identity politics to focus on emotion and not issues including their various policies
Canada needs to get back to taken care of their own
Canada needs to focus on being a desirable location for business including signing the right trade and investment deals, reducing regulations, balance approach to the environment and the economy
You cannot tax people to prosperity
Blog – Failure of Trudeanomics
1. Cost of living continues to rise - @JustinTrudeau keeps finding ways to tax people. Trudeau policies are not making things more affordable unless you are friends of the LPC! https://www.slideshare.net/paulyoungcga/cost-of-living-canada-february-2021
2. Housing bubble - https://www.mortgagebrokernews.ca/news/how-likely-is-a-canada-housing-crash-354545.aspx
3. Canada had 15B+ deficit with slower growth before COVID19 - https://ipolitics.ca/2021/03/31/pbo-projects-363-4b-federal-deficit-faster-economic-recovery/
4. Failure to safeguard assets and Canadians - https://www.oag-bvg.gc.ca/internet/English/att__e_43789.html
5. Canada competitiveness slipping - https://www.theguardian.pe.ca/opinion/local-perspectives/kevin-lynch-paul-deegan-atlantic-canada-not-keeping-up-with-the-global-competition-571328/
6. Potential structural issues with unemployment - https://www150.statcan.gc.ca/n1/daily-quotidien/210312/dq210312a-eng.htm
7. Trudeau promised open and transparent government which did not happen
8. Trudeau green reset is also a mistake as internal reports have shown issues with his subsidies program –
Few green energy projects are viable without subsidies, says an internal report at the Department of Natural Resources. Auditors called it a market failure: “Analysis of the financial information was revealing.”
https://www.blacklocks.ca/green-power-subsidy-fueled/
I support green technology if it is viable without direct subsidies.
https://www.slideshare.net/paulyoungcga/protecting-the-environment-through-proper-balance-between-economic-and-economic-policies (3/21)
https://www.slideshare.net/paulyoungcga/2019-election-direct-and-indirect-subsidies-to-businesses-august-2019 (Business subsidies are corporate welfare but gets ignored when these subsidies go to clean technology companies
Answers are with how you better manage the circular economy - https://www.slideshare.net/paulyoungcga/how-to-maximized-the-circular-economy-244067365
9. Slow growth
GDP was running 1.6% at the end of 2019 which is down nearly 40% from 2017.
GDP was in trouble pre-covid19.
2016 https://www.slideshare.net/paulyoungcga/2016-november-2016-gdp-gross-domestic-product-canada
2018 https://www.slideshare.net/paulyoungcga/gdp-canada-the-real-truth
Oct/19 - https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp
Jan/21 - https://www.slideshare.net/paulyoungcga/gdp-analysis-and-commentary-canadajanuary-2021
10. Forestry
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-forestry-sector-january-2021
Global Forest Watch found that the world’s forests sequestered about twice as much CO2 as they emitted between 2001 and 2019.
CAN has 9% of the total forest as such this would mean CAN is a carbon sink. So, why does CAN need a carbon tax?
@SeamusORegan
Summary:
I support review of all programs to ensure they are effective in terms of improving outcomes. More oversight needs to be done on all social welfare programs to ensure they are helping people but also supporting the growing of the economy in a sustainable way.
1. EI and its effectiveness - https://www.rand.org/blog/2021/01/unemployment-insurance-and-the-failure-to-reform.html
2. Failures of UBI - https://troymedia.com/politicslaw/universal-basic-income-has-been-tested-and-failed/#.YchnUVlOlPY
3. Failures of all levels of government to address the skills gap - https://www.randstad.ca/best-jobs/top-15-jobs/
4. Housing costs - https://canadiandimension.com/articles/view/navigating-the-housing-crisis-with-poverty-wages
5. Stifling of FDI - https://www.cpacanada.ca/en/public-interest/public-policy-government-relations/policy-advocacy/cpa-canada-tax-review-initiative/taxes-and-canadians/stifling-foreign-investment-holding-canada-back
6. Food costs - https://www.ctvnews.ca/business/here-s-how-much-more-canadians-can-expect-to-pay-for-food-in-2022-1.5699941
7. @JonathanWNV @cafreeland @JustinTrudeau @s_guilbeault Congrats on moving the Cdn economy to your govt & real estate-driven economy. The NR growth should be higher, but your policies have ensured that won't be the case! https://www.slideshare.net/paulyoungcga/gdp-canada-analysis-and-commentary-october-2021
8. Oil importance - https://www.teslarati.com/tesla-elon-musk-oil-gas-workers-support/
9. Child benefit - https://www.fraserinstitute.org/studies/does-the-canada-child-benefit-actually-reduce-child-poverty
10. Tax and spend policies - https://www.ey.com/en_pl/government-public-sector/six-ways-that-governments-can-drive-the-green-transition
Government Policies - Aboriginal affairs formerly first nations- Canada - Dec...paul young cpa, cga
This presentation looks state of funding for government affairs as well as accountability for how funding is used by Assembling of First Nations’ various bands
The presentation will look at areas like economic development, resource management, public safety, water and land management
Have the Liberals made lives for Canadians more affordable?paul young cpa, cga
The liberal ran on a platform saying they would make things more affordable. This presentation discuss key policy changes as part of people assessing did the Liberals make lives either more affordable or less affordable
Many leaders are pushing guarantee income as part of social policy reforms. The problem is guarantee income is very costly for government with limited benefit in areas of productivity and job quality.
1. Child care costs failure - https://www.parents.com/baby/childcare/child-care-costs-are-why-im-not-having-more-kids/
2. Costs - https://www.care.com/c/how-much-does-child-care-cost
3. Availability of spaces - https://www.cardus.ca/research/family/reports/is-there-a-shortage-of-child-care-in-canada/
4. New norm and child care – https://www.hcamag.com/nz/news/general/companies-consider-making-remote-work-the-new-norm/302121
5. Childcare model - https://policyoptions.irpp.org/magazines/july-2021/how-to-grow-an-accessible-high-quality-equitable-child-care-system/
6. PQ model - https://www.iedm.org/1921-quebecs-failed-child-care-model/
7. Child benefit - https://www.canada.ca/en/employment-social-development/news/2021/07/canada-child-benefit-5th-anniversary--indexation0.html
8. model - https://www.theglobeandmail.com/business/commentary/article-ontario-not-quebec-holds-the-model-for-child-care/
9. Best countries - https://ceoworld.biz/2021/02/01/the-worlds-best-countries-for-raising-kids-2021/
10. No consensus of how to fund child care - https://angusreid.org/child-care-in-canada/
11. ECE wages - https://www.payscale.com/research/CA/Job=Early_Childhood_Educator_(ECE)/Hourly_Rate/e894d1e7/Toronto-ON
12. Global ranking - https://www.theglobeandmail.com/canada/article-canada-trails-most-other-wealthy-countries-in-caring-for-children/ or
13. Provincial and federal moneys - https://globalnews.ca/news/8112898/new-brunswick-child-care-deal/
Poverty rates may be down, but there are issues with the rise in the cost of living
Many cities have vacant property that needs to be repurpose for other uses
Education needs to better align with the jobs of today and tomorrow
Housing starts are not keeping pace with population growth
Business automation will continue to impact employment markets
All levels of government need to address issues with productivity
All levels of government need to reduce operational cost through streamlining of their various delivery models
All levels of government need to work together on social transfer including better ways to support those that need the help the most
The COVID19 crisis has led to many issues including a rise with both income inequality and poverty. Countries around the world need to work fixed their enconomic and fiscal policies.
There are more to fixing income inequality than making changes to social programs. There needs to be emphasis on all angles of policies from training/skills development to Economic Development to Tax fairness to cutting regulatory burden/businesses.
Eradicating Poverty around the World - Issues and Solutionspaul young cpa, cga
Agenda 2030 is about eradicating poverty. The problem is that many of the policies like carbon tax will do nothing but make the cost of living higher
It will take many policies to eradicate poverty including housing, economic growth, taxation, healthcare and education.
This presentation looks at different areas of taxation. More work needs to be done in areas like reforming the tax act, tax treaties, shutting down tax havens, going after the underground economy, and other tax reforms
Canada has been going through a period of slow growth since 2018. The inaction of the Liberals through bad tax policies along regulatory burden have expedited the slow growth. The Liberals approach was not about reforming govt, but growing the size and cost of govt.
GDP is key measurement for a country. Allot is said about GDP, especially by various government. The reality is government gets to much credit for booming economy and too much fault for recession.
There are many factors drive GDP including taxation, business returns, consumer spending and government spending. 2/3 of economies tend to be driven by consumer spending. If you set policies that takes more money out people’s pocket book then that will lead to less consumer spending.
Countries, states, provinces, and local governments are facing fiscal challenges due to declining revenue and higher program spending costs.
This presentation looks at taxation including how best to reform tax policy
2019 Election| Social Programs and Taxation | Canada | June 2019paul young cpa, cga
This presentation looks at social policy and income inequality as way to highlight the pressure facing government spending around the world.
Countries around the world need to reform their tax policies
Countries around the world need to emphasize value for money as part of delivering program spending.
There needs to be a proper balance between the environment and the economy.
There is middle ground to be achieve between providing social programs and the right level of taxation
Blog – Tax Fairness and Wealth Distribution – Canada and the World
Summary:
I am all for tax fairness to ensure loopholes are closed for the wealthy. The problem for the past many years if all levels government are not addressing programs that will better support those that need the support. Too much is being written and said about UBI as way to fix income gaps. The real issues come back to opportunities for people to move to better paying jobs. The focus all levels of government should be focusing on growing the economy in a sustainable way while protecting the environment.
Housing and its affordability must be address as part of wealth distribution. Housing costs has out priced many people.
Poverty continues to be an issue which will not be addressed by one off programs like UBI but through many policies.
1. Top 8 countries that have no income tax - https://bbcincorp.com/resources/countries-with-no-income-tax
2. Global wealth - https://ourworldindata.org/global-economic-inequality-introduction
3. GDP - https://www.economist.com/finance-and-economics/which-economies-have-done-best-and-worst-during-the-pandemic/21806917
4. Canada has fallen to 13th (2020) from 11th (2015) when it comes to most efficient governments in the world - https://www.theglobaleconomy.com/rankings/wb_government_effectiveness/
5. Canada runs a negative trade balance in 2020 as compared to Australia who runs a 4% trade balance of GDP - https://www.theglobaleconomy.com/rankings/Trade_balance/
6. Canada has been doing a very good job with supporting low income. However, over the past year and half that has change due to high cost of living - https://www.indexmundi.com/g/r.aspx?v=69
7. Housing - https://betterdwelling.com/canadian-real-estate-prices-dont-always-rise-everywhere-forever-bmo/
8. Rural vs urban - https://openknowledge.worldbank.org/handle/10986/14084
9. Universal income - https://forbeswealthblog.ca/2021/12/universal-basic-income-why-it-wont-work/?utm_source=rss&utm_medium=rss&utm_campaign=universal-basic-income-why-it-wont-work
10. Tax havens - https://www.pharmaceutical-technology.com/features/a-cloudy-day-in-paradise-for-pharma-tax-havens-in-cayman-islands-bermuda/
Blog – Tax Fairness and Wealth Taxation – Canada and the World – November 2021
The average total income for all tax filers grew 0.7% to $51,000 in 2019. However, total income grew at a faster pace for tax filers at the top of the income distribution compared with those in the middle or at the bottom.
Average total income for the top 1 percent of Canadian tax filers grew 1.8% in 2019, compared with a 0.8% increase among the bottom 50 percent. Average income was relatively unchanged for those in the upper middle of the distribution (51st to the 90th percentiles).
Moreover, the average total income growth for the top 0.1 percent (+5.5%) and the top 0.01 percent (+13.9%) of tax filers greatly outpaced those in the top 1 percent.
The growth in the total income of high-income tax filers was largely driven by dividend income. For example, while average employment income for tax filers in the top 1 percent increased by half a percentage point in 2019, their average dividend income grew by 10.5%. The average dividend incomes grew even faster for tax filers in the top 0.1% (+18.9%) and top 0.01% (+34.8%) in 2019
Canadian tax filers spent, on average, 11.8% of their modified total income on federal, provincial/territorial income taxes and employee contributions to Employment Insurance and the Canada/Quebec Pension Plan (federal payroll taxes) in 2019, unchanged from 2018.
Similar to Poverty: Canada - Why there is no easy fix for Poverty (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
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
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
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
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
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
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
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
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.
2. Paul Young - Bio
• CPA, CGA (1996)
• Financial Solutions (FOPM/FPM)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Advance Technology and Market
Entry
• SME – Supply Chain Management
• SME – Business Strategy and
Restructuring
Contact information:
Paul_Young_CGA@Hotmail.com
3. Summary
• Governments around the world have tried to get rid of poverty but have failed
• Poverty has been driven up due to failed govt policies. Ontario seen their
welfare rolls go up by 40% due to exited of good paying jobs
• Liberals ran on a campaign they would lift 315,000 out of poverty -
https://www.liberal.ca/realchange/fighting-poverty/
• “There is likely to be a reduction of children living in poverty at the end of this year,
potentially by 300,000, but Macdonald said maybe about one-quarter that number, or
75,000, can be chalked up to the child benefit. That smaller decline isn’t something to
be dismissed, but it isn’t the sweeping change of 300,000 fewer children living in
poverty — or a 40 per cent cut — that Trudeau touted.”
http://www.news1130.com/2017/07/27/baloney-meter-how-deep-does-the-canada-
child-benefit-cut-child-poverty-rates/
4. Agenda
• What is poverty?
• Household Spending
• Liberal Party and Poverty
• Conservative Party of Canada – Taxation Policies
• Liberal Party of Canada – Family Benefits
• Poverty Rates
• % of low income Canadians
• Wages and employment
• Income inequality
• Trudeau and Low Income
5. What is Poverty?
• Poverty is about not having enough money to meet basic needs including food, clothing and
shelter. However, poverty is more, much more than just not having enough money.
• The World Bank Organization describes poverty in this way:
• “Poverty is hunger. Poverty is lack of shelter. Poverty is being sick and not being able to see a
doctor. Poverty is not having access to school and not knowing how to read. Poverty is not
having a job, is fear for the future, living one day at a time.
• Poverty has many faces, changing from place to place and across time, and has been
described in many ways. Most often, poverty is a situation people want to escape. So
poverty is a call to action -- for the poor and the wealthy alike -- a call to change the world
so that many more may have enough to eat, adequate shelter, access to education and
health, protection from violence, and a voice in what happens in their communities.”
Source:
http://www2.gnb.ca/content/gnb/en/departments/esic/overview/content/what_is_poverty.ht
ml
6. What is household spending?
Source:
http://www.economicsonline.co.uk/Managing_the_economy/Household_spending.
html
8. Household spending – by income
Source – Stats Canada
Comments
• Shelter is biggest costs for low income Canadians. 1/3 spending is tied to shelter. Shelter includes Rent and
utilities
• Food is 3rd largest. Food budgets will be impacted by key policies like hydro rates and carbon tax
9. % of Low Income Earners – Canada
Source - https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1110013501
10. Liberal Party of Canada / Poverty
Source - https://www.ctvnews.ca/canada/liberals-set-to-unveil-anti-poverty-law-detail-homelessness-
program-1.4163347
The government's strategy sets
reduction targets of 20 per cent
from 2015 levels by 2020 and a
50 per cent drop by 2030.
Social Development Minister
Jean-Yves Duclos is expected to
outline the new law to a group
of anti-poverty activists.
There are also expectations that
Duclos will outline federal
funding to roll out through a new
centrepiece homelessness
program.
• There are systemic issues with housing -
https://www.slideshare.net/paulyoungcga/global-real-estate-market-issues-
and-solutions-october-2018
• Carbon tax is regressive tax which means it hurts low income more than high
income - https://www.futurity.org/poor-families-hardest-hit-by-carbon-tax/
• The problem socialism is you eventually run out of other people’s money -
https://www.slideshare.net/paulyoungcga/failures-of-socialism-106572893
• This statement is more about winning an election than it is about sound policy
• You solved poverty by creating conditions that support good paying jobs.
Liberals policies have driven out FDI -
https://www.slideshare.net/paulyoungcga/what-are-skills-required-to-have-a-
successful-career
• Liberals immigration approach will lead to even more pressure on social
programs and housing -
https://www.slideshare.net/paulyoungcga/immigration-canada-analysis-and-
recommendations
• Guarantee Income programs have been a failure. Countries like Switzerland
decided against them as they do nothing in terms of helping people -
https://www.slideshare.net/paulyoungcga/guarantee-income-canada-and-
ontario-august-2018
11. Conservative Party of Canada
• Tax cuts – Over the past 8+ years the government has gave back $30B to Canadians: http://globalnews.ca/news/1356467/tax-cuts-since-2005-
net-canadians-30b-pbo/.
• You have provinces like Ontario that have introduced health premium tax: http://www.cra-arc.gc.ca/E/pbg/tf/5006-c/5006-c-13e.pdf. People
making from 50K to 72K are paying from $450 to $600 more in taxes. So, how is the health premium tax helping the middle class or low income
Canadians
• Cost of Living – Ontario has increase the price of hydro rates: http://www.thebarrieexaminer.com/2014/11/27/common-sense-reality-check-
needed or http://news.nationalpost.com/full-comment/andrew-coyne-forget-the-liberal-mythology-canadas-middle-class-is-not-struggling
• Income inequality – Income inequality has been going on for the better part of 40 years. The Liberal in the 1990s did nothing on income
inequality: https://www.policyalternatives.ca/newsroom/news-releases/martins-economic-record-marked-increased-income-inequality-no-real-
wage-gains Here is what is said on income tax splitting: http://fullcomment.nationalpost.com/2014/11/05/andrew-coyne-conservatives-tax-
package-with-income-splitting-corrects-inequality/. Justin says he would take the $2B income tax splitting and put it into infrastructure!
• Ontario has introduced the HST. HST now applies to many items that were exempt from PST: http://www.taxtips.ca/salestaxes/sales-tax-rates-
2014.htm. So, how is HST helping the middle class? Additional Links: http://www.bdo.ca/en/Library/Services/Tax/pages/Tax-Factors/2014-
01/Canadian-sales-tax-implications-of-selling-goods-over-the-internet.aspx
• All level governments are looking for more money as such property taxes have increases as well as the potential for new taxes/user fees:
http://www.theglobeandmail.com/report-on-business/economy/economy-lab/kathleen-wynne-left-with-few-options-to-fix-ontarios-revenue-
problem/article19813010
12. Liberal Party of Canada
Source – Liberal Party of Canada and Conference Board
How have the
Liberals reduced
poverty?
• Stats are
showing poverty
is still a big
issue in Canada
13. Liberal Policy – Poverty
Source -
https://www.pressprogress.ca/liberal_government_decides_low_income_children_will_receive_500_less
_than_originally_promised
14. Blog Poverty
• People on poverty in Canada has been a big issue for the past 40+ years. The world economy has slowly shifted manufacturing to
low cost producing countries which has led to more jobs being created in the service sector.
• Many government have tried over the years to cut poverty rates, but have had limited results. The best solution to poverty is a job.
The more you take from other people and give to those that are able body to work the more it hurts the overall economy
https://www.thestar.com/news/gta/2017/03/16/pilot-project-to-introduce-a-basic-income-in-ontario-gets-strong-public-
support.html
• Margaret Thatcher said it best “The problem with socialism is that you run out other people’s money” -
https://www.goodreads.com/quotes/138248-the-problem-with-socialism-is-that-you-eventually-run-out
• In 2015 is when Canadians went to the poll. The ruling government had been in power for close to a decade as such people decided
to vote the government out for the Liberals. The liberals were elected as such are now working on year three of their mandate. The
Liberals mandate included a reduction in poverty - https://www.liberal.ca/realchange/fighting-poverty/. The problem is despite
the many speeches saying poverty levels have come down under the Liberals which is only partly true. Yes, there has been a
reduction, but very little of that has to do with Liberal policies - http://www.ctvnews.ca/politics/fact-check-how-deep-does-the-
canada-child-benefit-cut-child-poverty-rates-1.3521077 key quote” There is likely to be a reduction of children living in poverty at
the end of this year, potentially by 300,000, but Macdonald said maybe about one-quarter that number, or 75,000, can be chalked
up to the child benefit. That smaller decline isn't something to be dismissed, but it isn't the sweeping change of 300,000 fewer
children living in poverty -- or a 40 per cent cut -- that Trudeau touted.
• "I can give you a specific measure of how much baloney it is: Out of the 40 per cent reduction (in poverty rates), it's about 30 per
cent of that," said Macdonald, who has blogged repeatedly about the government's estimates.
• Source - https://www.slideshare.net/paulyoungcga/poverty-in-canada-june-2017-analysis or
https://www.slideshare.net/paulyoungcga/policy-income-inequality-canada
• Summary:
• There is more to be done to reduce poverty rates not just in Canada, but around the world. The problem is that it will take a
combination of policies that support both economic growth and targeted social spending to help those most vulnerable when it
comes to breaking the cycle of poverty.
15. Summary
• Employment has improved, but many jobs are either part-time or job
churning
• Wage growth has hit 20 year low
• New refugees from Syria have had struggles finding jobs
• Housing costs continue to grow at rates faster than GDP, Wages and
inflation
• Inflation is above 2%
• Government has removed tax credits as well as introduced carbon
taxation and hikes to EI and CPP
• Hydro rates are forcing people to choose between food and heat.
• Source – Stats Canada
16. Job Analysis
Source – Stats Canada
• More people are working P/T jobs – Bill Morneau told people to get used to Job Churning -
http://www.metronews.ca/views/winnipeg/urban-compass/2016/10/24/finance-minister-bill-
morneau-does-not-understand-job-churn.html
• Liberals have dropped Goods Producing Jobs to 21.2% of Total Jobs
• Manufacturing and construction jobs have been added
• Natural Resources sector continues to bleed jobs
17. Wages
Source – Stats Canada
Wages – Canada
1. Harper had it right about wages -
http://business.financialpost.com/opinion/wi
lliam-watson-turns-out-the-harper-
government-was-actually-terrific-for-wage-
growth
2. https://globalnews.ca/news/3531614/averag
e-hourly-wage-canada-stagnant/ - Liberals
campaign was they were going to improve
wages - https://www.liberal.ca/wp-
content/uploads/2015/10/New-plan-for-a-
strong-middle-class.pdf
18. Middle Class
• Trudeau’s GDP and Job growth are also not accurate
in terms of health of the economy -
https://www.slideshare.net/paulyoungcga/real-
truth-canada-and-united-states-gdp-january-2018
• Canada is less competitive today than it was when
Harper left office -
https://www.slideshare.net/paulyoungcga/competiti
veness-canada-vs-other-countries-january-2018
• Harper had the best middle class in the world,
right?
https://www.youtube.com/watch?v=yOl37VcG89c
(Trudeau has failed the middle class)
https://www.slideshare.net/paulyoungcga/middle-
class-canada-february-2018
• 80% of the Middle class are paying higher taxes
under the Liberals -
https://globalnews.ca/news/3769136/taxes-middle-
class-liberals/
This video is from a few years
back when CPC were in Power
20. How is income inequality fix
• Distribution of wealth
• Funding to Healthcare
• Funding to Education
• Funding to other social Programs
• Strong Middle Class/Job Creation
21. Wage Growth
• https://www.spencerfernando.com/2017/04/08/trudeau-economy-worst-wage-
gains-20-years/
But like Trudeau’s other promises, they’ve turned out to be nothing but lies.
In fact, the Trudeau economy has led to the weakest wage growth in 20 years.
As reported by Bloomberg, average hourly wage increases were up 1.1% year-over-year, which was
the lowest increase since 1998. It is also far below the historical average of 2.7% in the last 10 years.
When looking further into the numbers, things are even worse for permanent workers. They had the
lowest wage growth since 1997.
And when it comes to the province-by-province picture, the increase in Ontario was only 0.1% year-
over-year, which is the lowest increase ever recorded.
24. Blog – Poverty
People on poverty in Canada has been a big issue for the past 40+ years. The world economy has slowly shifted manufacturing to
low cost producing countries which has led to more jobs being created in the service sector.
• Many government have tried over the years to cut poverty rates, but have had limited results. The best solution to poverty is a
job. The more you take from other people and give to those that are able body to work the more it hurts the overall economy
https://www.thestar.com/news/gta/2017/03/16/pilot-project-to-introduce-a-basic-income-in-ontario-gets-strong-public-
support.html
• Margaret Thatcher said it best “The problem with socialism is that you run out other people’s money” -
https://www.goodreads.com/quotes/138248-the-problem-with-socialism-is-that-you-eventually-run-out
• In 2015 is when Canadians went to the poll. The ruling government had been in power for close to a decade as such people
decided to vote the government out for the Liberals. The liberals were elected as such are now working on year three of their
mandate. The Liberals mandate included a reduction in poverty - https://www.liberal.ca/realchange/fighting-poverty/. The
problem is despite the many speeches saying poverty levels have come down under the Liberals which is only partly true. Yes,
there has been a reduction, but very little of that has to do with Liberal policies - http://www.ctvnews.ca/politics/fact-check-
how-deep-does-the-canada-child-benefit-cut-child-poverty-rates-1.3521077 key quote” There is likely to be a reduction of
children living in poverty at the end of this year, potentially by 300,000, but Macdonald said maybe about one-quarter that
number, or 75,000, can be chalked up to the child benefit. That smaller decline isn't something to be dismissed, but it isn't the
sweeping change of 300,000 fewer children living in poverty -- or a 40 per cent cut -- that Trudeau touted.
• "I can give you a specific measure of how much baloney it is: Out of the 40 per cent reduction (in poverty rates), it's about 30 per
cent of that," said Macdonald, who has blogged repeatedly about the government's estimates.
• Summary:
• There is more to be done to reduce poverty rates not just in Canada, but around the world. The problem is that it will take a
combination of policies that support both economic growth and targeted social spending to help those most vulnerable when it
comes to breaking the cycle of poverty.
•
• Source - https://www.slideshare.net/paulyoungcga/poverty-in-canada-june-2017-analysis or
https://www.slideshare.net/paulyoungcga/policy-income-inequality-canada
25. Ontario new Minimum Wage Law and other
reforms
• http://www.recorder.ca/2017/05/18/minimum-wage-hike-worries-chamber
The potential reforms are coming at a time when costs for consumers and the cost of doing
business is high and putting Ontario at a competitive disadvantage,” the chamber’s statement
adds.
“Ontario has experienced slower growth in GDP and job creation than in the past and drastic
reforms to labour and employment run the risk of causing serious damage to the future
prosperity of the province.”
The Ontario chamber is urging Wynne to do an economic impact analysis of the proposed
reforms.
26. Poverty Groups / Child Benefits
• https://www.thestar.com/news/canada/2017/06/12/anti-poverty-
groups-push-trudeau-government-to-boost-child-benefit.html
A national coalition of anti-poverty groups is asking the Trudeau government to
boost the basic amount it provides in child benefits in hopes of cutting child
poverty rates in Canada in half by the end of the decade.
The coalition wants the government to change the rules so those earning less
can keep more of the benefit, and to increase payments with the cost of living,
retroactive to when the new benefit was first introduced last July.
27. Broadbent
• Broadbent – speech to the Finance Committee in 2013:
• https://www.youtube.com/watch?v=KsUlt0bP2yU
•
• Fact 1 – Harper has increased program spending either via the transfers or direct program spending. It is
not Harper’s fault if various provincial governments waste money -
http://www.slideshare.net/paulyoungcga/provincial-transfers-and-program-spending. You do not have to
take my word as you can watch this video - https://www.youtube.com/watch?v=xqLDHQ-iJU8.
• Fact 2 – Harper has done very good on job creation area despite lower world-wide growth. You do not have
to take my word as you can review the Stats Canada results in areas like wage (reported), jobs by industry
(reported), Exports (reported), etc. http://www.slideshare.net/paulyoungcga/economy-lpc-impact or
http://mb.cme-mec.ca/?action=show&lid=XE8MT-GCZX2-KAD9G&comaction=show&cid=3CWP8-FKASM-
JYNFE
• Fact 3 – Where is the discussion on private –vs- public sector? http://www.cfib-
fcei.ca/english/article/7107-wage-watch-2015.html
• Fact 4 – Broadbent supports more moneys for daycare, right? We all know how well the PQ model has work,
right? http://www.nationalpost.com/news/story.html?id=5a5e1555-093f-4959-9395-028c36daadc7&p=2
28. Broadbent
• Fact 5 – Broadbent gives credit to the working class benefit. http://www.cra-arc.gc.ca/bnfts/wtb/menu-eng.html.
So, how come this benefit is not mentioned by either NDP or LPC?
• Fact 6 – Broadbent talks about GIS increases which are now proposed by Mulcair. The issue that Broadbent does not
discuss is other programs like pension splitting. The article also is dated so it does not deal with RRIF or how many
seniors are using TFSA - http://www.carp.ca/2015/04/21/carp-members-welcome-government-action-in-budget-
2015/ FYI – Harper is planning to increase GIS - http://servingbrant.ca/node/48
• Fact 7 – Broadbent wants a new welfare program. It seems to me that Broadbent does not get the purpose of
welfare. Welfare is not design to make people rich, but to help those that most need the support. Ontario has wasted
moneys on gas plants, eHealth, etc. and that money could have went to helping the most vulnerable in Ontario.
http://www.cbc.ca/news/canada/toronto/ehealth-scandal-a-1b-waste-auditor-1.808640
• Fact 8 – Broadbent is all over the stock options issues. Broadbent again does not get it about how small startup use
stock options to as part of luring talent to their organization - http://www.bloomberg.com/news/articles/2015-09-
24/ndp-plan-to-boost-tax-on-stock-options-seen-stunting-canada-tech
• Fact 9 – Tax avoidance was discussed and again since this is dated it does not deal with Harper and his government
going after tax avoidance areas as part of taxation enforce, i.e. tax treaties, transfer pricing, OECD work, etc.
• Fact 10 – increasing the taxes to top 1% never brings in the revenue windfall due to how rich have accountants,
lawyers, etc. that know how to work within the framework of the various countries’ ITA
• Summary:
• I am not surprised by Broadbent as it is all about taxing the rich. It should be noted the information in Broadbent’s
statement are part of the NDP platform. This should tell you that the Broadbent Institute was directly involved with
NDP platform.
29. Justin Trudeau and low income
Source - https://www.fraserinstitute.org/sites/default/files/effect-of-federal-
income-tax-changes-on-families-in-the-bottom-20-percent-of-earners.pdf
30. Liberals Anti-Poverty
1. Child tax benefit never lifted 400,000 kids out of poverty. It may have
reduced child poverty by maybe 25,000 -
https://globalnews.ca/news/3628540/canada-child-benefit-program-
poverty-rates/
2. There is a refugee problem -
https://vancouversun.com/opinion/columnists/analysis-many-syrian-
refugees-still-struggling-after-12-full-months-in-canada. The govt has also
loss count of the Syrians -
https://vancouversun.com/opinion/columnists/douglas-todd-trudeau-
government-goes-silent-on-syrian-refugees
3. Ontario and Quebec are asking for more money to help with the influx
refugees - http://www.rcinet.ca/en/2018/03/22/quebec-bills-federal-
government-for-migrants/ and https://ottawacitizen.com/news/local-
news/reevely-ontarios-refugee-claimant-bill-hits-200m-macleod-testifies-on-
the-hill
4. Liberals are planning to bring in more immigration when the economy is both
sluggish and less competitive -
https://www.slideshare.net/paulyoungcga/government-policy-education-
and-skills-development-canada-april-2018 or
https://www.slideshare.net/paulyoungcga/government-policy-immigration-
canada-november-2017
5. Canada housing market is becoming more and more less affordable -
https://www.slideshare.net/paulyoungcga/housing-social-and-affordable-
housing-canada-90494557
Source – Macleans – August 21, 2018
https://www.macleans.ca/opinion/is-the-
liberals-federal-poverty-reduction-strategy-really-
a-strategy/
31. Summary
• You fixed poverty several ways
• Strong economy that creates jobs
• Carbon Taxation neither lead to strong economy nor do they create
sustainable jobs.
• Government stop hiking taxes and/or introducing new taxes
• Government looks at better ways to deliver program spending
• Government policies related to hydro rates
• Too much focus on minimum wage hikes. Minimum wage jobs were never
design to be a career.
• Education pushing people to careers that have job openings