This presentation looks at softwood lumber including trade dispute between Canada and USA.
Trump has raise the duties from 3.1% up to 24.1% on all softwood lumber imports from Canada.
This presentation will discuss the Softwood Lumber issues between Canada and United States.
Forestry is a key sector as such with a slow economy this could make economic conditions much worst for Canada.
Softwood Lumber dispute – Canada and United States - June 2017paul young cpa, cga
This presentation looks at softwood lumber including the issues facing forestry in Canada. USA has imposed duties from 4 to 24% on softwood imports coming from Canada into the USA.
USA view for the past 20+ years is that Canada's forestry sector is subsidised as such Canadian Forestry Sector has unfair advantage over its USA Forestry Sector.
Softwood lumber dispute – canada and united states may 2017paul young cpa, cga
United States considers softwood lumber supported due to how forest managed by both the provinces and federal government. USA has private land as compare to Canada which has more forests fall under crown land. Crown land requires specific agreement as part of any work on crown land.
The document discusses the softwood lumber dispute between the US and Canada. It provides context on the two countries' forest industries and ownership models. Canada has a larger forest industry that is primarily government-owned, while the US forest industry is smaller but primarily privately-owned. The dispute centers around allegations that Canada provides subsidies to its lumber industry by not charging market rates for timber harvested from government lands. The document outlines the various softwood lumber agreements between the two countries over time to resolve the ongoing trade issues.
Western Timberland Market Value Drivers and TrendsRoger Lord
This document summarizes trends in the western timberland market, including ownership, value drivers, log markets, and appraisal factors. It notes that private timberland is owned primarily by timber investment management organizations, timber real estate investment trusts, and other private owners. Key value drivers are timber volume and quality, site characteristics, and access to domestic and export log markets. The log market has been negatively impacted since 2008 but recovered somewhat in 2010 due to increased exports, particularly to China. Appraisals rely heavily on discounted cash flow models, where near-term cash flows and assumptions about log prices and discount rates are important factors. The author's firm, Mason, Bruce & Girard, provides forestry and valuation services and has been
This presentation will discuss the Softwood Lumber issues between Canada and United States.
Forestry is a key sector as such with a slow economy this could make economic conditions much worst for Canada.
Softwood Lumber dispute – Canada and United States - June 2017paul young cpa, cga
This presentation looks at softwood lumber including the issues facing forestry in Canada. USA has imposed duties from 4 to 24% on softwood imports coming from Canada into the USA.
USA view for the past 20+ years is that Canada's forestry sector is subsidised as such Canadian Forestry Sector has unfair advantage over its USA Forestry Sector.
Softwood lumber dispute – canada and united states may 2017paul young cpa, cga
United States considers softwood lumber supported due to how forest managed by both the provinces and federal government. USA has private land as compare to Canada which has more forests fall under crown land. Crown land requires specific agreement as part of any work on crown land.
The document discusses the softwood lumber dispute between the US and Canada. It provides context on the two countries' forest industries and ownership models. Canada has a larger forest industry that is primarily government-owned, while the US forest industry is smaller but primarily privately-owned. The dispute centers around allegations that Canada provides subsidies to its lumber industry by not charging market rates for timber harvested from government lands. The document outlines the various softwood lumber agreements between the two countries over time to resolve the ongoing trade issues.
Western Timberland Market Value Drivers and TrendsRoger Lord
This document summarizes trends in the western timberland market, including ownership, value drivers, log markets, and appraisal factors. It notes that private timberland is owned primarily by timber investment management organizations, timber real estate investment trusts, and other private owners. Key value drivers are timber volume and quality, site characteristics, and access to domestic and export log markets. The log market has been negatively impacted since 2008 but recovered somewhat in 2010 due to increased exports, particularly to China. Appraisals rely heavily on discounted cash flow models, where near-term cash flows and assumptions about log prices and discount rates are important factors. The author's firm, Mason, Bruce & Girard, provides forestry and valuation services and has been
This document provides an overview of the ongoing softwood lumber trade dispute between Canada and the United States. It discusses key details such as the leading Canadian softwood lumber producers, major export destinations, and issues from the US perspective around subsidies and market access. The document also examines potential impacts on employment and outlines positions from government officials on both sides regarding negotiations and protectionist policies.
This document provides an overview of NAFTA and current trade issues between Canada, the US and Mexico. It discusses key trade flows and deficits between the countries. Some of the main issues in the current NAFTA negotiations are the US proposals to increase automotive content requirements, end dispute settlement mechanisms, and impose a sunset clause. Canada has launched a challenge over US lumber tariffs. While trade is integrated, the US is using intimidation tactics which increases uncertainty. Finding common ground and making NAFTA more flexible will help address these challenges.
Canada is putting on a brave face, but it is looking more and more like the USA and Mexico will say here is the deal. Freeland can say what she wants, but she is not negotiating from a position of strength!
Kingsley INRS FRA northeast trends 1.2020eric kingsley
Crowd-sourced perspective on trends in the Northeast forest industry - logging, forestry, markets, carbon, labor, etc. Presented at the Forest Resources Association Northeast Forum - January 2020
This document provides an overview and summary of a presentation on global protectionism policies. It defines protectionism as government actions that restrict trade to protect local businesses from foreign competition, using tariffs and quotas. The presentation discusses the issues with protectionism, including pressure on governments to create jobs and countries using policies like keeping currency values low. Top exporting countries and disputes over intellectual property theft and trade between China and the US are also covered. Potential solutions discussed include consuming less, depreciating currencies, and taxing some capital inflows.
The document summarizes the recovery of the forest products industry, including Plum Creek. It notes increasing U.S. housing starts driving demand for lumber, while declining Canadian supply opens opportunities for U.S. South production to increase by 50% from current levels. New demand from wood pellets for energy in Europe is spurring over $1 billion in new pellet plant investments in the U.S. South. Contractor capacity and regulatory challenges around clean water and air acts could impact industry growth.
Manufacturing is a key are for both countries. USA government policies have focus on cuts to both taxation and regulations as compare to Canada government policies which are more focused on increasing both taxation and regulations.
Canada Manufacturing sectors continues experience pain in February 2017paul young cpa, cga
The document provides a summary of manufacturing sales in Canada for March 2017. It includes the following key points:
1) Sales decreased in seven provinces led by Ontario, with declines in the motor vehicle, motor vehicle parts, and petroleum and coal products industries. Quebec saw a 2.1% rise in sales driven by transportation equipment.
2) Alberta saw a 1.4% sales increase for the fourth straight month led by gains in the machinery and fabricated metal industries.
3) The document reviews industry segments, provinces, commodity prices, and headlines from various sources regarding topics like softwood lumber tariffs and NAFTA reforms.
Global protectionism and trade wars are on the rise as governments try to protect domestic industries and jobs. Protectionist policies like tariffs restrict international trade but can negatively impact consumers through higher prices. While protectionism aims to help local businesses compete, it can backfire and hurt economic growth if other countries retaliate. To reduce tensions, countries need to address unfair subsidies and find balanced multilateral trade agreements through organizations like the WTO.
Economic Trends - Northeast Forest Industry - 3.2023.pdferic kingsley
The document summarizes recent economic trends in the Northeast forest industry. It notes that housing starts have decreased due to interest rate increases, while fossil fuel prices and lack of workers are ongoing issues. Pulp and paper mills face high wood costs and decreased demand for some grades of paper. Biomass plants struggle with high fuel costs. Emerging industries like wood insulation and biochar show promise. The aging logging workforce and securing markets for low-grade wood are key concerns. Overall, the region is still well-positioned compared to others due to its forest resources and proximity to major markets.
The document discusses the North American Free Trade Agreement (NAFTA), which created a trilateral trade bloc between Canada, Mexico, and the United States in 1994. NAFTA's objectives were to eliminate trade barriers and promote cross-border movement of goods and services. The agreement's members and their roles are described. Both pros and cons of NAFTA are provided, such as increased trade but also job losses in some industries. In conclusion, NAFTA has played an important role in developing the three nations' economies but also had some negative social impacts.
2019 Election| Global Trade and Protectionism| Canada| August 2019paul young cpa, cga
Global protectionism is on the rise as countries implement tariffs and trade barriers to protect domestic industries. This can hurt global economic growth. While protectionism aims to boost local jobs, it often raises prices for consumers and can lead other countries to also enact trade barriers, escalating into a trade war. Experts suggest reforming the WTO, avoiding subsidies and social policies in trade agreements, and promoting consumption-based tax policies rather than unfunded tax cuts to help reduce trade deficits and ease global trade tensions.
Canada is a small, open economy in a globalized world. As a result, Canadian governments have tended to prefer negotiated agreements that govern trade, instead of the insecurity and ‘wild west’ of unfettered competition. At the same time, Canadians tend to support relatively high levels of government involvement in economic management, making it difficult to maintain a balance acceptable to our trade partners. With the US ‘elephant’ increasingly hostile to multilateral efforts, and the Trump administration targeting Canada in a variety of different ways, it remains to be seen how much Canada ‘the mouse’ will be able to hold its own in international negotiations. This session will explore the past, present, and future prospects for Canada as a trading nation in a world increasingly at odds with our preferred model of economic development.
The document discusses the new USMCA trade agreement. It notes that Trudeau and his team almost failed in negotiations for major trade deals like TPP, CETA, and USMCA. It argues they have set back relations with important markets like India due to prioritizing social issues over trade. Further, it states that Trudeau has an poor record on foreign affairs and trade that has impacted Canada's ability to expand exports.
The document discusses several topics related to international trade agreements and their impacts. It provides background on NAFTA, including that it is a treaty signed in 1994 between the US, Canada, and Mexico to reduce trade barriers and boost economic growth. Both benefits and criticisms of NAFTA are mentioned, such as increased trade but also concerns about American job losses. Impacts on the economies of all three signatory nations are reviewed, including effects on various industries like agriculture and manufacturing.
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptxpaul young cpa, cga
Canadian retail sales dropped 0.3% in August, the first decline since March, as higher interest rates start to impact household budgets. Seven of the nine retail subsectors saw sales increases in July, led by food and beverage retailers, while motor vehicle and parts dealers saw the largest decrease. Excluding autos, retail sales in July rose 1%, double expectations. The report suggests Canadians are tightening spending as more face higher mortgage payments and gas prices due to Bank of Canada rate hikes aimed at slowing inflation.
Addressing issues with the Public Sector Governance Model.pptxpaul young cpa, cga
The key challenges facing Australian business leaders in 2023 include:
1. Talent acquisition, retention and training staff for digital transformation.
2. Implementing successful digital transformation while managing cyber risks.
3. Adapting to changing regulations and reporting requirements.
Health risks from COVID-19, social reputation concerns, and disruptive emerging technologies are also significant social challenges impacting Australian businesses. Over the next 3-5 years, talent management for digitization, cybersecurity, digital transformation, regulatory changes, and identifying new growth opportunities will be the top challenges according to business leaders.
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Similar to Softwood lumber dispute – Canada and United States - April 2017
This document provides an overview of the ongoing softwood lumber trade dispute between Canada and the United States. It discusses key details such as the leading Canadian softwood lumber producers, major export destinations, and issues from the US perspective around subsidies and market access. The document also examines potential impacts on employment and outlines positions from government officials on both sides regarding negotiations and protectionist policies.
This document provides an overview of NAFTA and current trade issues between Canada, the US and Mexico. It discusses key trade flows and deficits between the countries. Some of the main issues in the current NAFTA negotiations are the US proposals to increase automotive content requirements, end dispute settlement mechanisms, and impose a sunset clause. Canada has launched a challenge over US lumber tariffs. While trade is integrated, the US is using intimidation tactics which increases uncertainty. Finding common ground and making NAFTA more flexible will help address these challenges.
Canada is putting on a brave face, but it is looking more and more like the USA and Mexico will say here is the deal. Freeland can say what she wants, but she is not negotiating from a position of strength!
Kingsley INRS FRA northeast trends 1.2020eric kingsley
Crowd-sourced perspective on trends in the Northeast forest industry - logging, forestry, markets, carbon, labor, etc. Presented at the Forest Resources Association Northeast Forum - January 2020
This document provides an overview and summary of a presentation on global protectionism policies. It defines protectionism as government actions that restrict trade to protect local businesses from foreign competition, using tariffs and quotas. The presentation discusses the issues with protectionism, including pressure on governments to create jobs and countries using policies like keeping currency values low. Top exporting countries and disputes over intellectual property theft and trade between China and the US are also covered. Potential solutions discussed include consuming less, depreciating currencies, and taxing some capital inflows.
The document summarizes the recovery of the forest products industry, including Plum Creek. It notes increasing U.S. housing starts driving demand for lumber, while declining Canadian supply opens opportunities for U.S. South production to increase by 50% from current levels. New demand from wood pellets for energy in Europe is spurring over $1 billion in new pellet plant investments in the U.S. South. Contractor capacity and regulatory challenges around clean water and air acts could impact industry growth.
Manufacturing is a key are for both countries. USA government policies have focus on cuts to both taxation and regulations as compare to Canada government policies which are more focused on increasing both taxation and regulations.
Canada Manufacturing sectors continues experience pain in February 2017paul young cpa, cga
The document provides a summary of manufacturing sales in Canada for March 2017. It includes the following key points:
1) Sales decreased in seven provinces led by Ontario, with declines in the motor vehicle, motor vehicle parts, and petroleum and coal products industries. Quebec saw a 2.1% rise in sales driven by transportation equipment.
2) Alberta saw a 1.4% sales increase for the fourth straight month led by gains in the machinery and fabricated metal industries.
3) The document reviews industry segments, provinces, commodity prices, and headlines from various sources regarding topics like softwood lumber tariffs and NAFTA reforms.
Global protectionism and trade wars are on the rise as governments try to protect domestic industries and jobs. Protectionist policies like tariffs restrict international trade but can negatively impact consumers through higher prices. While protectionism aims to help local businesses compete, it can backfire and hurt economic growth if other countries retaliate. To reduce tensions, countries need to address unfair subsidies and find balanced multilateral trade agreements through organizations like the WTO.
Economic Trends - Northeast Forest Industry - 3.2023.pdferic kingsley
The document summarizes recent economic trends in the Northeast forest industry. It notes that housing starts have decreased due to interest rate increases, while fossil fuel prices and lack of workers are ongoing issues. Pulp and paper mills face high wood costs and decreased demand for some grades of paper. Biomass plants struggle with high fuel costs. Emerging industries like wood insulation and biochar show promise. The aging logging workforce and securing markets for low-grade wood are key concerns. Overall, the region is still well-positioned compared to others due to its forest resources and proximity to major markets.
The document discusses the North American Free Trade Agreement (NAFTA), which created a trilateral trade bloc between Canada, Mexico, and the United States in 1994. NAFTA's objectives were to eliminate trade barriers and promote cross-border movement of goods and services. The agreement's members and their roles are described. Both pros and cons of NAFTA are provided, such as increased trade but also job losses in some industries. In conclusion, NAFTA has played an important role in developing the three nations' economies but also had some negative social impacts.
2019 Election| Global Trade and Protectionism| Canada| August 2019paul young cpa, cga
Global protectionism is on the rise as countries implement tariffs and trade barriers to protect domestic industries. This can hurt global economic growth. While protectionism aims to boost local jobs, it often raises prices for consumers and can lead other countries to also enact trade barriers, escalating into a trade war. Experts suggest reforming the WTO, avoiding subsidies and social policies in trade agreements, and promoting consumption-based tax policies rather than unfunded tax cuts to help reduce trade deficits and ease global trade tensions.
Canada is a small, open economy in a globalized world. As a result, Canadian governments have tended to prefer negotiated agreements that govern trade, instead of the insecurity and ‘wild west’ of unfettered competition. At the same time, Canadians tend to support relatively high levels of government involvement in economic management, making it difficult to maintain a balance acceptable to our trade partners. With the US ‘elephant’ increasingly hostile to multilateral efforts, and the Trump administration targeting Canada in a variety of different ways, it remains to be seen how much Canada ‘the mouse’ will be able to hold its own in international negotiations. This session will explore the past, present, and future prospects for Canada as a trading nation in a world increasingly at odds with our preferred model of economic development.
The document discusses the new USMCA trade agreement. It notes that Trudeau and his team almost failed in negotiations for major trade deals like TPP, CETA, and USMCA. It argues they have set back relations with important markets like India due to prioritizing social issues over trade. Further, it states that Trudeau has an poor record on foreign affairs and trade that has impacted Canada's ability to expand exports.
The document discusses several topics related to international trade agreements and their impacts. It provides background on NAFTA, including that it is a treaty signed in 1994 between the US, Canada, and Mexico to reduce trade barriers and boost economic growth. Both benefits and criticisms of NAFTA are mentioned, such as increased trade but also concerns about American job losses. Impacts on the economies of all three signatory nations are reviewed, including effects on various industries like agriculture and manufacturing.
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptxpaul young cpa, cga
Canadian retail sales dropped 0.3% in August, the first decline since March, as higher interest rates start to impact household budgets. Seven of the nine retail subsectors saw sales increases in July, led by food and beverage retailers, while motor vehicle and parts dealers saw the largest decrease. Excluding autos, retail sales in July rose 1%, double expectations. The report suggests Canadians are tightening spending as more face higher mortgage payments and gas prices due to Bank of Canada rate hikes aimed at slowing inflation.
Addressing issues with the Public Sector Governance Model.pptxpaul young cpa, cga
The key challenges facing Australian business leaders in 2023 include:
1. Talent acquisition, retention and training staff for digital transformation.
2. Implementing successful digital transformation while managing cyber risks.
3. Adapting to changing regulations and reporting requirements.
Health risks from COVID-19, social reputation concerns, and disruptive emerging technologies are also significant social challenges impacting Australian businesses. Over the next 3-5 years, talent management for digitization, cybersecurity, digital transformation, regulatory changes, and identifying new growth opportunities will be the top challenges according to business leaders.
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.
- Canadian manufacturing sales increased 1.6% in July, led by higher sales in food products, petroleum and coal products, and transportation equipment. Paper and plastics sales decreased the most.
- Inventory levels increased slightly while unfilled orders decreased, pointing to a potential slowdown.
- The manufacturing sector in Canada will continue to face challenges such as global economic uncertainty, rising costs, supply chain issues, climate change risks, and skills shortages.
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/
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...paul young cpa, cga
The document provides an overview of key metrics and trends in the logistics, warehousing, distribution, and transportation sector. It includes data on consumer price index, diesel fuel costs, freight indexes, e-commerce sales, retail sales, class 8 truck sales, EPA emissions standards, trailer sales, and tonnage. It also discusses supply chain management solutions like planning analytics, blockchain, and AI assistants. Finally, it touches on topics like infrastructure spending, automation, and ESG reporting.
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...paul young cpa, cga
United States retail sales rose 0.6% in August despite flat sales at internet retailers after Amazon Prime Day. Most of the increase was due to higher gasoline prices. While consumer spending has been strong, higher interest rates and a slowdown in hiring are expected to restrain purchases in the coming months. Forecasters predict the 2023 holiday shopping season could be the weakest in five years due to economic challenges facing consumers. The retail sector continues facing inventory management challenges and social governance issues.
How to improve the Governance Model for the Public Sector - United States - S...paul young cpa, cga
This document provides a summary of strategies to improve governance in government. It discusses factors that impact governance like transparency and accountability. It recommends using performance audits to assess key performance indicators and ensure recommendations are implemented. Other strategies include improving data ethics and literacy, mitigating geopolitical risks, adopting ESG reporting, and using technology like audit analytics and AI to enhance governance. The overall goal is for government to deliver programs and tax policies with value for money and transparency.
This document provides an analysis of the agriculture output and equipment sector for August 2023. It includes discussions of commodity prices, crop estimates, energy prices, food prices, farming incomes, top farming states, food processors, and the role of technology and government in farming. Key points covered include rising input costs challenging farmers, preliminary crop estimates for Canada, volatility in oil and diesel prices impacting farm expenses, and opportunities for data and automation to help address issues in the agriculture industry.
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...paul young cpa, cga
This document provides an overview and agenda for a presentation on the biotech, pharmaceutical, and healthcare sector. It includes:
- An introduction and biography of presenter Paul Young CPA CGA
- An agenda covering topics like vaccine production, drug discovery, innovation in areas like storage and AI, and the life sciences strategy
- Links and summaries of information on these topics, including the top vaccine manufacturers, regulations in Canada, and growth in the pharmaceutical market
The presentation aims to discuss key areas of the biotech/pharmaceutical sector including vaccine development and production, drug discovery, innovation, and strategies for the life sciences industry. Links and outside sources are provided to support the topics in the agenda.
Better Public Safety Management using Analytics - September 2023.pptxpaul young cpa, cga
This document discusses using analytics to improve public safety management. It outlines rising public safety costs for governments and key issues facing policing like complex crimes and accountability. The document presents crime rate data for Canada and discusses building machine learning models in SPSS and dashboards in Cognos Analytics to analyze police data and forecast expenses. Finally, it lists potential next steps for crime in Canada like bail and corrections reforms, gun control, and increased police oversight.
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.
Workforce Planning and Employment Analysis - August 2023.pptxpaul young cpa, cga
The document discusses workforce planning and employment analysis. It provides an overview of employment statistics in the United States, Canada, and Australia. It then discusses Sysco's workforce planning model and the role of the CFO in workforce planning. Finally, it defines autonomous finance as the automation of financial operations through software and algorithms, and provides some key statistics on its adoption.
Global Automotive - Analysis and Commentary - August 2023.pptxpaul young cpa, cga
This presentation provides an overview of key trends in the global automotive sector in August 2023. It discusses 1) sales trends in Canada, the US and globally, 2) the growth of electric vehicles and focus on reducing emissions, and 3) ongoing transformation in the industry through automation, connectivity and new technologies. Sources included discuss topics like electric vehicle production and adoption, public safety issues regarding EV fires, gasoline and car prices, supply chain challenges, and green transitions in transportation.
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
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting, 8th Canadian Edition by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Ebook Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Pdf Solution Manual For Financial Accounting 8th Canadian Edition Pdf Download Stuvia Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Financial Accounting 8th Canadian Edition Ebook Download Stuvia Financial Accounting 8th Canadian Edition Pdf Financial Accounting 8th Canadian Edition Pdf Download Stuvia
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
Softwood lumber dispute – Canada and United States - April 2017
1. SOFTWOOD LUMBER DISPUTE
– CANADA AND UNITED
STATES – APRIL 2017
BY: PAUL YOUNG, CPA, CGA
DATE: APRIL 24, 2017
2. PAUL YOUNG - BIO
• CPA, CGA
• Financial Solutions
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. AGENDA
• What is Softwood
• Softwood Exports
• Softwood Destinations
• Softwood Issues
• Return to Protectionism policies
4. WHAT IS SOFTWOOD LUMBER
Softwood is wood from gymnosperm trees such
as conifers.
Softwood is the source of about 80% of the world's
production of timber, with traditional centres of
production being the Baltic
region (including Scandinavia and Russia), North
America and China.
The term is opposed to hardwood, which is the
wood from angiosperm trees. Softwoods are not
necessarily softer than hardwoods. In both groups
there is an enormous variation in actual wood
hardness, with the range in density in hardwoods
completely including that of softwoods; some
hardwoods (e.g. balsa) are softer than most
softwoods, while the hardest hardwoods are much
harder than any softwood. The woods of longleaf
pine, douglas fir, and yew are much harder in the
mechanical sense than severalhardwoods.
5. CANADA LEADING SOFTWOOD LUMBER
PRODUCERS
• Source: https://www.eics-scei.gc.ca/report-
rapport/SWL%20monthly%20Exports%20Report_201609.htm
Analysis
• ½ of softwood
lumber comes from
BC
• Ontario, Quebec,
Maritimes and
Alberta have sizable
softwood exports
6. SOFTWOOD DESTINATION/CANADA
• In 2015, the value of Canada’s forest product exports increased by 6.3% over 2014, rising
to $32.7 billion from $30.8 billion.
• On the wood product side, the U.S. housing recovery continued to drive Canadian
softwood lumber exports. In 2015, softwood lumber exports totalled $8.6 billion, a 3%
increase over 2014. The value of wood panel exports increased by 18%, to $2.68 billion,
with significant increases in all panel types, especially plywood (29%) and fibreboard
(28%).
• As for pulp and paper, wood pulp exports increased 6.5% over 2014 levels, to $7.7
billion. In 2015, exports of printing and writing paper barely grew (by 1%), while
newsprint exports fell 10% from the previous year
• Source: https://www.nrcan.gc.ca/forests/report/economy/16558
7. UNITED STATES SOFTWOOD LUMBER ISSUES
• Forest Ownership
• Outside of the Maritimes, most forests in Canada are provincially-owned, while in the U.S. they’re privately-
owned. The U.S. has long alleged that allows Canadian producers to sell their lumber at a lower price,
undercutting American producers in the process. The Americans claim that amounts to a subsidy, a claim Canada
has fought (largely successfully) at the World Trade Organization.
• Ongoing issues
• This is the fifth battle between the U.S. and Canada over softwood lumber. The dispute goes back to the early
1980s. Since then, during periods when deals have expired, the U.S has collected billions of dollars from duties
imposed on Canadian lumber. Some of that has been returned eventually.
• There are two types of duties that can be imposed: countervailing and anti-dumping. The duties act as a tax on
Canadian lumber exported to the U.S. and can cripple the Canadian industry.
• Source - http://globalnews.ca/news/2999152/5-things-to-know-about-canadas-softwood-
lumber-trade-war-with-us/
8. UNITED STATES SOFTWOOD LUMBER ISSUES
• Sticking Point
• There are nine issues being negotiated in an effort to reach a long-term deal but the biggest sticking point
appears to be market share. The U.S. wants a hard cap on Canada’s share of the American market. The Canadian
and American ideas of what that cap should be, though, are said to be at least five percent apart and each
percentage point is significant.
• In a joint statement following President Obama’s visit to Ottawa last June, market share was established as an
issue for negotiation. Today, the U.S. Lumber Coalition claimed, “to date, Canada has continued to insist on
frameworks that are inconsistent with the joint statement.”
• Job Losses
• According to Statistics Canada, as of 2013 , about 360,000 Canadians were employed by the forestry industry. Job
losses are a reality if duties are imposed.
• In the early 2000s, for example, the U.S. imposed a combined duty of 27.22 percent and within months 15,000
workers in B.C. were laid off. Ongoing negotiations are so tenuous, Canadian producers refused to comment on
potential job losses or hits to the industry.
• Source - http://globalnews.ca/news/2999152/5-things-to-know-about-canadas-softwood-
lumber-trade-war-with-us/
9. SOFTWOOD LUMBER DEAL EXPIRATION
DATE
• Negotiations between United States and Canada on a new Softwood
Lumber deal have been ongoing for over a year
• The biggest problem has been there has been shift in Government in
Canada as well as federal election in the USA. Changes in government
can complicate negotiation, especially in election years.
• Source: - http://www.cbc.ca/news/politics/softwood-lumber-
standstill-expires-thursday-1.3801771
10. • Industry Week – April 26, 2017
Canadian Foreign Minister Chrystia Freeland said she’s confident her
country will prevail over the U.S. in a lumber dispute and urged
President Donald Trump’s administration to uphold free trade.
Freeland said she raised trade matters with first daughter Ivanka
Trump on the sidelines of a conference in Berlin on Tuesday, though
it wasn’t the focus of the meeting. The U.S. needs to recognize the
importance of the two nations’ $500 billion in annual commerce, she
said.
“I would say to my American friends: Be nice to your clients,”
Freeland said in a Bloomberg Television interview in Berlin on
Wednesday. “We work hard at our relationship with you guys, and I
think it’s in the interest of the United States to keep the relationship
strong as well.”
11. TRUMP DUTIES
• U.S. President Donald Trump intensified a trade dispute with
Canada, slapping tariffs of up to 24% on imported softwood
lumber in a move that drew swift criticism from the Canadian
government, which vowed to sue if needed.
• Trump announced the new tariff at a White House gathering of
conservative journalists, shortly before the Commerce
Department said it would impose countervailing duties ranging
from 3% to 24.1% on Canadian lumber producers including
West Fraser Timber Co.
Industry Week – April 24, 2017
12. ARE PROTECTIONISM POLICIES RETURNING
• With slow growth there is more pressure on government to
protect key industry from foreign pressures
• Industries in different countries will argue that industries in
other countries are subsidize. The problem is defining what
classifies as subsidy.
• Increase protectionism can lead to higher prices due to
duties/tariffs. The end consumer could pay the price for
expansion of protectionism policies.
13. KEY COMMENTS
• Canadian lumber and government officials told the U.S. trade representative that
any new softwood lumber agreement must reflect the differences in forestry
regimes across the country. http://www.plant.ca/general/canadian-lumber-
execs-press-softwood-deal-us-trade-rep-162346/
• Canadian softwood lumber executives will meet this week with America's trade
ambassador as they brace for the prospect of U.S. tariffs that they say could
result in mill closures and layoffs. U.S. Trade Representative Michael Froman will
speak with the Canadian lumber industry in Toronto on Wednesday, days before
U.S. producers could start petitioning Washington to impose new duties on
Canadian softwood. Source: http://www.tsn.ca/u-s-trade-ambassador-to-
meet-with-canadian-lumber-executives-before-softwood-deadline-1.578396