Summary: The rebound in April and early strength in May were likely powered by income gains. First-quarter economic data indicated that Canadian household income rose at one of the fastest rates in more than 40 years, or 3.8% on a nonannualized nominal basis. The household savings rate also increased in the January-to-March period, to 8.1% from 6.9% in the previous quarter, giving consumers some cushion to deal with multidecade-high inflation. Source - https://www.marketscreener.com/news/latest/Canada-Retail-Sales-Rise-0-9-in-April--40776866/

1. Retail Sales –
Canada – April
2022
Paul Young CPA CGA
June 21, 2022

2. Paul Young - Bio
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos

3. Agenda
 USA vs Canada (Retail Sales)
 Gasoline Prices
 Canada Retail Sales by Segment
 Canada Retail Sales by Province
 Canada / eCommerce
 Global eCommerce
 Issues facing Retail
 Retail Council / 2021 Federal Budget
 Canada Retail Sales Bankruptcies / Reorganizations
 Home Renovations
 Amazon
 Cannabis Stores / Canada
 Automation
 Sales Forecasting
 Supply Chain
 Cash Flow Management
 Risk Analytics / Retail
 Planning Analytics and Cognos Analytics

4. USA vs Canada – Retail Sales
BMO -
https://economics.bmo.com/en/publications/detail/b7e404f1-
97b4-430e-aa03-0ee1fd85d38e/
BMO -
https://economics.bmo.com/en/publicati
ons/detail/40296250-18d5-4f35-b594-
c634a495ef98/
U.S. Retail Sales May
Showers.pdf
Consumers Showing
Up in April.pdf

5. Summary - Inflation

6. Gasoline

7. Price Change by Main Area

8. Summary - Inflation

9. Retail Sales by Segment
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220621/dq220621a-eng.htm

10. Retail Sales by Province
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220621/dq220621a-eng.htm

11. eCommerce Sales / Canada
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220422/dq220422a-eng.htm

12. Global
eCommerce
Source -
https://dazeinfo.com/2020/08
/04/global-e-commerce-sales-
to-reach-3-9-trillion-in-2020-
report/

13. Issues facing Retail
Source - https://linchpinseo.com/common-challenges-facing-the-retail-industry/
1. Digital interruption
2. Finding Technological Solutions
3. Maintaining your customer base
4. Evolving customer expectations
5. Modern marketing
6. Inspiring and retaining employees
7. Effective internal communications

14. Retail Council
/ 2022 Federal
Budget
SOURCE –
HTTPS://WWW.RETAILCOUNCIL.ORG/PRO
VINCE/NATIONAL/2022-BUDGET-
HIGHLIGHTS-FOR-RETAIL-SMALL-
BUSINESS-TAX-RATE-CREDIT-CARD-FEES/

15. Retail
Bankruptcies
and
Reorganizations
Source - https://www.retail-
insider.com/retail-
insider/2020/8/mass-
bankruptcies-and-store-
closures-expected-in-canada-
by-early-2021-experts

16. Home
Renovations
 Home renovations are booming in Canada
 Source - https://www.cbc.ca/news/business/home-
renovations-covid-19-1.5703738
 It could be a good opportunity to bring back the home renovation tax
credit - https://www.moneysense.ca/news/harper-pledges-to-re-
introduce-home-renovation-tax-credit/

17. Amazon
Source -
https://financialpost.com/new
s/retail-marketing/amazon-to-
hire-100000-more-workers-in-
canada-and-the-united-
states?utm_medium=Social&u
tm_source=Twitter#Echobox=
1600079502

18. Cannabis Stores
 According to recently released financial statements,
the Ontario Cannabis Store (OCS) earned $18.6
million during its 2019-20 financial year. That’s a
welcome reversal from the previous year’s $42-
million loss. But while OCS did better financially than
its Alberta counterpart, it still lagged behind
Québec’s Société québécoise du cannabis (SQDC).
 And even though Canada marked the second
anniversary of legalization this past weekend, both
Ontario and Québec still lack enough stores to make
legal products widely accessible, unlike in Alberta.
Source -
https://www.canadianmanufa
cturing.com/features/ontarios-
cannabis-agency-earns-18-6-
million-beating-albertas-but-
lagging-quebecs/

19. Automation
 RPA / Retail - https://medium.com/@savvycom/rpa-101-applications-of-
rpa-in-retail-industry-46b90a53bbe6
 Restructuring of business models for retail will include automation -
https://www.technology.org/2020/08/06/covid-19-will-encourage-
automation-in-retail-sector/
 Business process automation / retail -
https://www.impactmybiz.com/blog/business-process-automation-in-
retail/
 Retail Edge Stores - https://www.jabil.com/blog/retail-automation.html
 Rebooting stores through automation -
https://retailtouchpoints.com/resources/rebooting-the-retail-store-
through-in-store-automation
 Augment Reality / eCommerce - https://www.yahoo.com/lifestyle/now-
could-finally-time-augmented-181954198.html
 Virtual Reality / eCommerce - https://supplychaingamechanger.com/how-
virtual-reality-vr-is-drastically-enhancing-the-e-commerce-shopping-
experience-infographic/

20. Blog –
Containers
Last month, a series of COVID-19 outbreaks in Chinese ports caused the worst
shipping delays in years, the impacts of which we will likely still be feeling by
the time the holiday season arrives. But port closures are only part of the story
behind the recent shipping delays impacting virtually every sector, from
furniture deliveries to food product shortages.
Shipping containers, especially refrigerated ones, have been extremely hard for
manufacturers and distributors to find and fill with goods over the past few
months. A key element of the supply chain, shipping containers transport large
volumes of goods along global shipping routes. Problems first arose in early
2020 when shipping lines canceled some routes amid growing COVID-19 case
numbers worldwide, but shipping container availability worsened as
unpredictable port closures, the Suez Canal blockage, and intensifying labor
shortages left containers stranded. As a result, international freight costs have
also grown dramatically, with limited availability, lengthy delays, and
lackluster service causing issues throughout the global supply chain.
https://www.thomasnet.com/insights/record-breaking-box-demand-stranded-
containers-lead-to-worst-shipping-delays-in-years/?ecms_id=7a28bad3-cea7-44d2-b9f6-
4897b99c1042&ecms_short=ART5655&doc_type=ted_video_article&parent_id=949c24
0b-29da-4827-aa56-
f2d4e5339f53&utm_content=featuredvideo&linktype=image&channel=email&campaign
_type=thomas_industry_update&campaign_name=tiu210816&utm_campaign=tiu21081
6&utm_medium=email&utm_source=thomas_industry_update&tinid=221763045
Here is my work on supply chain -
https://ibm.box.com/s/bqy9mr0ktlgi64sbf49o4rg5d9w0rqkn

21. Pandemic and
Benefits
Blog – Eliminating Canada Emergency Wage Subsidy and the Canada
Emergency Rent to Small and Medium-size businesses
Business groups in Canada are warning that ending federal
pandemic-relief programs too soon could send shock waves
through the economy.
Cutting off wage and rent subsidies as planned on Oct. 23 will
force many businesses to reduce their hours, lay off staff or shut
down for good, they say.
https://www.canadianmanufacturing.com/manufacturing/small-
businesses-warn-of-layoffs-closures-if-pandemic-aid-isnt-extended-
274605/
Any changes to pandemic programs should be done through proper
consultation. Many businesses, especially in areas like retail and food
sector still are struggling with capacity issues, food costs, labor shortages,
debt issues, etc. The government should be targeted programs at those
sectors still recovering from the pandemic.
https://www.slideshare.net/paulyoungcga/dawn-of-a-new-era-for-
smallto-medium-size-public-and-private-sectors-entities-250476482

22. Food
Processing
Canada’s food manufacturers are cutting capacity and focusing
on key products as they confront labour shortages and supply
chain bottlenecks that show no signs of easing.
https://www.supplypro.ca/food-manufacturers-cut-capacity-
amid-labour-shortages-supply-chain-disruptions/
Here is my work -
https://www.slideshare.net/paulyoungcga/transportation-
sector-analysis-and-commentary-december-2021
Class 8 truck sales had a strong December 2021
Ports throughout the world continue to struggle with their
backlog
Retailers are adding more warehousing space
More and more warehousing is moving towards automation

23. Sales
Forecasting

24. Supply Chain

25. Improving Cash
Flow
Management

26. Risk Analytics
and Retail

27. Continuous
Intelligence
Planning
Blog – Mitigating risks with the supply chain using more
intelligence supply chain management solutions:
The complexity of supply chains has led both the private and
public sectors to re-think how they managed their supply chain
including the use of infused-AI.
This presentation looks at possible solutions as part of mitigating
risks related to purchasing to pay cycle as part of managing the
supply chain cycle.
https://ibm.box.com/s/63aqf8jo004v2bo5f8cf6eppgglhbvs5

28. ESG Reporting
Blog – Sustainability Reporting – Environmental, Social and
Governance Reporting (ESG)
Here is my update on ESG reporting. Both the private and
public sectors continue to expand reporting in areas like
environmental, social, and governance.
https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnc
e

29. Planning
Analytics and
Cognos
Analytics
 Small and medium sizes businesses continue to
struggle with management of their data
 Planning Analytics Digital Pack -
https://www.ibm.com/support/knowledgecenter/SSD29
G_2.0.0/com.ibm.swg.ba.cognos.tm1_cloud_mg.2.0.0.do
c/c_tm1_cloud_system_digital_pack.html
 Cognos Analytics on Demand -
https://community.ibm.com/community/user/businessa
nalytics/blogs/david-cushing/2018/12/13/1
 Planning Analytics with Cognos on Demand –
https://community.ibm.com/community/user/businessa
nalytics/blogs/bimpe-
adefowora/2020/11/11/padataondemand
 Predictability -
https://community.ibm.com/community/user/businessa
nalytics/blogs/stuart-martin-phillips1/2020/10/02/easy-
forecasting-for-planning-users

30. Cybersecurity
Blog - Improving cybersecurity means understanding how
cyberattacks affect both governments and civilians -
https://www.linkedin.com/pulse/blog-improving-
cybersecurity-means-understanding-how-paul-
young/?published=t

31. Governance,
Risk, and
Compliance
Blog - IBM OpenPages with Watson can deliver a 218% return on
investment, finds Forrester study
https://www.ibm.com/blogs/watson/2020/12/ibm-openpages-with-
watson-can-deliver-a-218-return-on-investment-finds-forrester-
study/?campaign=socialselling&share=592db045-fde8-43e9-8ce3-
ff8d18fc175b&channel=linkedin&userID=cfad680f-7c88-4a2e-82e9-
f052d0bc4447&advocacy_source=everyonesocial&es_id=581e0fab6d
This ties nicely into my work on data, AI, security, and Platform:
 Audit - https://ibm.box.com/s/noi1j6ixzl6ralxkm4g0zzs911wf6s76
 Data and AI -
https://ibm.box.com/s/noi1j6ixzl6ralxkm4g0zzs911wf6s76
 Machine Learning -
https://ibm.box.com/s/7fape09ryvkrj515urhcx4estuzzp5hp
 Blog - Remote auditing not going away post-pandemic –
https://www.linkedin.com/pulse/blog-remote-auditing-going-away-
post-pandemic-paul-young/?published=t

32. Summary
Canadians continued to show a willingness to spend, according to retail
sales data out on Tuesday, even as accelerating inflation erodes their
purchasing power. The nation's retailers recorded a 0.9 per cent sales
increase in April, Statistics Canada reported, driven primarily by higher
volumes. In May, receipts were up 1.6 per cent, according to initial
preliminary estimates also released on Tuesday.
The numbers suggest rising interest rates, higher inflation and slumping
consumer confidence have yet to impact household spending in a major
way. It's a sign of resiliency that may only stoke expectations for further
increases in borrowing costs by the Bank of Canada.
There may also be a reopening effect for the sector, after authorities lifted
the bulk of COVID restrictions earlier this year.
The April gain was in line with economist expectations, though analysts
expected a weaker increase in volumes. Excluding price increases, retail
sales were up 0.9 per cent during the month.
The details in the report, however, were weaker than the headline
numbers. Only six of 11 subsectors posted gains in April. Sales at new car
dealerships continued to slump, while purchases at building material
stories fell sharply in April -- possibly reflecting falling activity in home sales.
Source - https://www.bnnbloomberg.ca/canadian-shoppers-show-
resiliency-as-retail-sales-jump-1.1781716
Blog – Retail Sales and Consumer Spending – Canada – April 2022
Consumers Showing
Up in April.pdf
Summary:
The rebound in April and early strength in May were likely powered by income gains. First-quarter
economic data indicated that Canadian household income rose at one of the fastest rates in more than
40 years, or 3.8% on a nonannualized nominal basis. The household savings rate also increased in the
January-to-March period, to 8.1% from 6.9% in the previous quarter, giving consumers some cushion to
deal with multidecade-high inflation.
Source - https://www.marketscreener.com/news/latest/Canada-Retail-Sales-Rise-0-9-in-April--
40776866/
Gas Prices Finally
Dipped Below $5. But Don't Expect Them to Stay There - CNET.pdf
NRF Supply chain –
from disruption to inflation and back again.pdf
KPMG in Canada and
MaRS tackle climate change together - KPMG Canada.pdf
Baltic Index Gains On
Higher Rates For All Vessels.pdf
Restaurants
Increasing Menu Prices to Keep Up with High Food Cost – NBC Connecticut.pdf
The role of corn and
soybean prices in skyrocketing food costs Here & Now.pdf
How the
slow-burning housing crisis is driving hunger in Canada.pdf
What Percentage Of
My Income Should Go To Mortgage – Forbes Advisor.pdf
Inflation, rising
interest rates drawing attention to Canadians’ household debt My Newsroom – powered by Martin Charlton Communications.pdf
RBC Previews This
Week's Canada CPI for May, April Retail Sales — TradingView News.pdf
Danone trims
product range as shoppers balk at high prices Financial Post.pdf
Canadians' demand
for cheese growing despite rising cost of dairy - Restobiz.pdf
1. Transportation costs - https://gcaptain.com/baltic-index-gains-higher-rates-vessels/
2. Food costs - https://www.nbcconnecticut.com/news/local/restaurants-increasing-menu-prices-
to-keep-up-with-high-food-cost/2810263/ or
https://www.wbur.org/hereandnow/2022/06/20/corn-soybean-food-prices
3. Housing - https://theconversation.com/how-the-slow-burning-housing-crisis-is-driving-hunger-
in-canada-182487 or https://www.forbes.com/advisor/mortgages/mortgage-to-income-ratio/
4. Debt - https://mynewsroom.ca/inflation-rising-interest-rates-drawing-attention-to-canadians-
household-debt/
5. Inflation - https://www.tradingview.com/news/mtnewswires.com:20220620:A2686085:0-rbc-
previews-this-week-s-canada-cpi-for-may-april-retail-sales/
6. Product rationalization - https://financialpost.com/pmn/business-pmn/danone-trims-product-
range-as-shoppers-balk-at-high-prices-3
7. Cheese - https://www.restobiz.ca/canadians-demand-for-cheese-growing-despite-rising-cost-of-
dairy/
8. Gasoline - https://www.cnet.com/personal-finance/gas-prices-finally-dipped-below-5-but-dont-
expect-them-to-stay-there/
9. Supply chain - https://nrf.com/blog/supply-chain-disruption-inflation-and-back-again
10. ESG - https://home.kpmg/ca/en/home/media/press-releases/2022/06/kpmg-in-canada-and-
mars-tackle-climate-change-together.html