Canada inflation continues to remain at 40-year highs. Food prices especially continue to increase in price. Former adviser has spoken about high inflation - https://financialpost.com/news/economy/inflation-inequality-trudeau Food bank usage continues to be on the rise - https://worldnewsera.com/news/canada/food-banks-grappling-with-rising-demand-inflation-ahead-of-thanksgiving-national-globalnews-ca/ Businesses are facing litany of tax increase like CPP and EI (Payroll) along with carbon tax escalation - http://www.baystreet.ca/articles/economiccommentary/81636/101822. Trudeau government talks out of the corner of their mouth about reducing the small business federal corporate tax rate to 9%. https://www.cfib-fcei.ca/en/media/cfib-statement-on-the-start-of-small-business-week. The federal government does not seem to grasp that hiking taxes can lead to reduce profit margins. Canada is rich in natural resources and arable land. Canada could be a world leader in energy, forestry, mining, and agriculture exports if Canada had the right support from the federal government - https://www.cfib-fcei.ca/en/media/cfib-statement-on-the-start-of-small-business-week I am all about solutions. The federal government seems to think tax and spend approach will stabilize inflation. It will not! https://www.slideshare.net/paulyoungcga/how-to-reduce-inflation-in-canadapptx Wages growth is becoming a key issue for all levels of government - https://www.hcamag.com/ca/specialization/financial-wellness/why-increasing-wages-wont-help-in-the-cost-of-living-crisis/424328 Canada is also creating far more government jobs as compared to private sector - https://businessexaminer.ca/victoria-articles/item/most-new-canadian-jobs-are-in-the-public-sector-not-private/ Gasoline prices continue to play havoc with supply chains and consumers - https://building.ca/bocs-macklem-says-hes-not-backing-down-on-rate-hikes-even-as-recession-fears-grow/ NDP under the leadership Jagmeet Singh keeps focusing on greed inflation while giving a past to fuel standard and carbon tax hikes. NDP has always been since Singh was elected are great at driving emotional wedge issues with their base. The problem many times the NDP is out to lunch when it comes to what is really driving issues with inflation including lack of improvement with productivity, lack of innovation, skills gap, supply chain challenges, and high cost of housing. https://www.slideshare.net/paulyoungcga/corporate-proftis-vs-corporate-greedpptx

1. Revised – Inflation
Analysis-
September 2022 –
Canada
Paul Young CPA CGA
October 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
• Consumer Price Index
• Housing Price Index
• Housing Prices
• Household Debt to Income
• Carbon Taxation
• Cdns above the average wage
• Cable and Satellite Pricing Index
• Lumber Prices
• Natural Gas
• Summary

4. Introduction
• Inflation continues to be a challenge for countries around the
world.

5. OECD and Inflation

6. Child Care Costs
Blog – Childcare and Daycare – Canada – What is next
I believe in program spending if it is effective in terms of results. The $10 childcare model proposed by @JustinTrudeau
is poorly constructed due systemic issues with daycare like oversight, availability of spots, and cash strapped families.
My work - https://www.slideshare.net/paulyoungcga/daycare-and-child-care-funding-canada-october-2021
While the federal government seems to have placed Quebec’s child-care system on a pedestal, hailing it as the “very best
example,” we believe the national child-care plan could — and should — do better. Almost from its inception in 1997, the
Quebec daycare system has had long waiting lists that aren’t getting any shorter. Some 51,000 children are currently
waiting for a space. Things have gotten to the point where families believe it’s normal to spend several years on a waiting
list before getting a slot in a subsidized child-care centre. This is despite the now billions of dollars spent every year
throughout the system.
https://financialpost.com/opinion/opinion-lets-not-kid-ourselves-quebecs-child-care-is-no-model
This daycare plan is flawed! https://www.slideshare.net/paulyoungcga/daycare-and-child-care-
funding-canada-october-2021 . You may want to read the various audit reports on the existing
issues with daycare before making your various tweets.
https://www.cbc.ca/news/politics/childcare-ontario-liberals-
1.6207667?__vfz=medium%3Dsharebar

7. Inflation / Canada
Source – Stats Canada
20221910_Inflation_
September 2022_Canada.pdf

8. Summary - Inflation

9. Price Change by Main Area
• Source – Stats Canada

10. Summary - Inflation

11. Housing Price Index
• Source -
https://tradingeconomics.com/canada/ho
using-index

12. BMO – Consumer Price Index
Source –
https://economics.bmo.com/en/publications/detail/ae97550
d-8a18-46fc-bb31-ca013cee5f45/
BMO - Inflation - CPI
- Canada - July 2022.pdf
Canadian CPI (Aug.)
— Another Step Down a Long Road.pdf
U.S. CPI Stubbornly
Sticky.pdf
Cdn CPI — Not
Running Up That Hill, But Still On It.pdf

13. Raw Material Price Index

14. Household Costs / Carbon Pricing CAN environmental ranking has dropped one position under
your watch
No where do you mentioned either the dumping of sewage into
waterways or the impact of cruise ships.
No where do you mentioned that carbon tax hurts family
$1K+/yr (ex-tax credit)
https://www.slideshare.net/paulyoungcga/2019-election-
environment-climate-change-issues-and-concerns-canada-
september-2019
@cathmckenna
You allow sewage into waterways
Cruise ship have emissions issues
Oil is going by rail
Canada already taxed pollution way before your carbon tax
https://www.slideshare.net/paulyoungcga/2019-election-
environment-climate-change-issues-and-concerns-canada-
september-2019

15. Carbon Tax
Source – Fraser Institute

16. Lumber Cost
Source - https://www.canadianmanufacturing.com/operations/new-record-wood-product-prices-boost-shares-and-estimates-for-canadian-producers-259279/ or
https://www.slideshare.net/paulyoungcga/forestry-management-environment-sustainable-practices or https://www.slideshare.net/paulyoungcga/what-is-next-for-the-forestry-sector-243761063

17. Housing Cost

18. Key Cost Areas

19. Monetary Policies

20. Natural Gas
Natural gas prices continue to rise
Natural gas plants are moving to zero-emissions through carbon sequestration processes
Carbon tax prices will continue to impact utility costs for both households and businesses
https://www.slideshare.net/paulyoungcga/what-is-next-for-natural-gas-250240876
https://www.cnbc.com/2021/09/16/why-natural-gas-could-extend-its-pullback-according-to-charts.html
Key Takeaway: These are good times for natural gas producers, which could extend into next year. Thus, the risks to our
annual average forecast for Henry Hub of $3.50 for 2021 and $3.00 for 2022 remain skewed towards the upside.
https://economics.bmo.com/en/publications/detail/65ad0b01-40d1-4f0f-be57-71d7851ff5f0/

21. Electricity Costs
European electricity prices have climbed to their highest levels in over a decade in recent weeks, rising above 100 euros
per megawatt-hour in many markets. In Germany and Spain, for example, prices in September have been around three
or four times the averages seen in 2019 and 2020. This increase has been driven by the surge in gas, coal and carbon
prices in Europe.
Chinese utilities are only permitted to pass along 10% price increases. They have not yet been permitted to pass along
more price increases to consumers. This makes for a less flexible response the shortages and price increases.
https://www.nextbigfuture.com/2021/09/coal-and-gas-prices-have-doubled-which-contribute-to-china-power-
outages.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2Fadvancednano+%
28nextbigfuture%29
My work: https://www.slideshare.net/paulyoungcga/world-electricity-analysis-and-commentary-june-2021

22. Global Energy Prices
• Global energy prices have spike due to issues with
energy supply -
https://www.slideshare.net/paulyoungcga/world-
electricity-analysis-and-commentary-july-2021

23. Bank of Canada / Monetary Policies
• There are issues with GDP: a) Productivity b) FDI
outflow c) Lack of innovation d) Higher
Commodities e) government deficits and taxes
• About 40% of the job vacancies are with jobs that
pay less than the average wage
• Size of household debt continues to be an issue
• Lack of affordable housing options
• Global Trade and protectionism
Source - https://www.slideshare.net/paulyoungcga/bmo-
7-reasons-to-be-exciting-about-the-canadian-economy
My concerns with the BOC saying inflation dropping from 5.3% in 2022 to 2018 is not realistic and here is why:
• Liberals plan hikes to carbon tax - https://nationalpost.com/news/politics/federal-carbon-tax-to-increase-to-170-per-tonne-
by-2030-as-liberals-unveil-new-climate-plan
• Critical metals have risk due to supply and refinement capacity issues. https://oilprice.com/Latest-Energy-News/World-
News/America-Desperately-Needs-To-Scale-Up-Battery-Metal-Production.html
• Huge capital needs to be spent on areas like the electrical grid and plug-in stations (electrical vehicle adoption)
• Housing issues will continue to plague the cost of housing – https://www.slideshare.net/paulyoungcga/housing-and-
homelessness-canada-and-the-world-budget-2022-pptx
• Automation will also play a key role with organizations managing their costs -
https://www.slideshare.net/paulyoungcga/what-is-next-for-automation
My work - https://www.slideshare.net/paulyoungcga/preliminary-cost-of-living-canada-february-2022pptx

24. How to Address inflation
Too much is written and said on corporate profits as part of
politicians crafting policies to reduce inflation.
Green Energy continues to receive direct subsidies and grants
from all levels of government.
https://investorintel.com/markets/cleantech/cleantech-
intel/greenwashing-its-not-easy-pretending-to-be-green/
Pension and Mutual funds returns are based on how those
funds are managed. Left-leaning politicians continue to push
high tax and regulatory policies. There needs to be better
balanced between mitigating climate change and growing the
economy -
https://www.slideshare.net/paulyoungcga/mitigation-of-
climate-change-green-and-circular-economy-june-2022pptx
Global economy continues to face many challenges including
geopolitical risk and threats along with high inflation rates.
Here is my work o

25. What’s next
• Removing the carbon tax
• All levels of government need to stop looking for ways to tax people
and start fixing issues with the tax code as well as finding better
ways to deliver government -
https://www.slideshare.net/paulyoungcga/2019-election-fiscally-
responsible-government-canada-september-2019 or
https://www.slideshare.net/paulyoungcga/2019-election-tax-
reforms-and-fairness-canada-september-2019
• Fixing policies that will ensure Canada is more competitive when it
comes to attracting FDI -
https://www.slideshare.net/paulyoungcga/2019-election-canada-
competitivenes-september-2019
• All governments along with the private sector need to fix the
systemic issues with housing -
https://www.slideshare.net/paulyoungcga/2019-election-housing-
affordability-canada-june-2019
• All levels of government along with private sector need to work
together as part of address the skill gap issues -
https://www.slideshare.net/paulyoungcga/2019-election-human-
capital-and-skills-management-canada-september-2019
• Post-Covid19 - https://www.slideshare.net/paulyoungcga/whats-
next-for-canada-post-covid19
• Fixing issues plaguing the goods-producing sector -
https://www.slideshare.net/paulyoungcga/how-to-address-issues-
facing-getting-goods-to-market
• Circular Economy - https://www.slideshare.net/paulyoungcga/how-
to-best-support-a-circular-economy
Cdn CPI — Not
Running Up That Hill, But Still On It.pdf
20221910_Inflation_
September 2022_Canada.pdf
Industrial product
and raw materials price indexes, September 2022 - dq221019b-eng.pdf
Canada Prime Rate
History (1935 - October 2022) WOWA.ca.pdf
Blog – Cost of Living and Inflation – Canada – September 2022
Summary:
Canada inflation continues to remain at 40-year highs. Food prices especially continue to increase in
price. Former adviser has spoken about high inflation -
https://financialpost.com/news/economy/inflation-inequality-trudeau
Food bank usage continues to be on the rise - https://worldnewsera.com/news/canada/food-banks-
grappling-with-rising-demand-inflation-ahead-of-thanksgiving-national-globalnews-ca/
Businesses are facing litany of tax increase like CPP and EI (Payroll) along with carbon tax escalation -
http://www.baystreet.ca/articles/economiccommentary/81636/101822. Trudeau government talks out
of the corner of their mouth about reducing the small business federal corporate tax rate to 9%.
https://www.cfib-fcei.ca/en/media/cfib-statement-on-the-start-of-small-business-week. The federal
government does not seem to grasp that hiking taxes can lead to reduce profit margins.

26. Other Sources
• If you like to learn
more about trade
and/or other
subjects as part of
your professional
learning, and
development then
feel free to review
my material on
https://www.udem
y.com/ (search Paul
Young CPA CGA