Small businesses are backbone of the economy, especially in small cities. The economic recovery strength will depend on how well small businesses survive post-covid19
Has Justin Trudeau been Open, Transparent, and Accountable to Canada?paul young cpa, cga
The document is a presentation by Paul Young CPA CGA critiquing the Liberal government's record on openness and transparency. It lists over 100 examples of ways the Liberals have failed to be open or transparent in areas like access to information, fiscal reporting changes, ethics violations, the SNC-Lavalin affair, court orders, fisheries policy, and medical procurement. The presentation argues the Liberal government has not lived up to its 2015 campaign promises of more open and accountable governance.
The document is a presentation by Paul Young arguing that the Liberal government in Canada has failed to be open and transparent as promised. It lists over 100 examples of alleged failures across issues like access to information, fiscal reporting changes, ethics violations by the Prime Minister and others, the SNC-Lavalin affair, court orders blocking information, fisheries policy, procurement practices, deficits, foreign policy, criminal justice cases, and more. It aims to show that the Liberals have been less than truthful and open on many issues of governance.
2019 Election| Scorecard | Liberal Party of Canada | Prime Minister - Justin ...paul young cpa, cga
Here is a look at key areas of policy as part of assessing the success of Trudeau. Trudeau and his team often tout certain stats as way to show people they are successful. The problem is that many stats are very high level as such never discuss the details.
Has Justin Trudeau been Open, Transparent, and Accountable to Canada?paul young cpa, cga
The document discusses whether the Liberal government in Canada has been open, transparent and accountable. It presents an agenda with over 80 topics related to allegations of a lack of transparency by the Liberal government. Some key examples discussed include failures in access to information, changes to fiscal reporting that provided less information, multiple ethics violations by Liberal cabinet ministers, and a lack of openness related to the SNC-Lavalin scandal. The document argues the Liberal government has not lived up to its promise of being more open and transparent than previous governments.
The federal government ran a deficit of nearly $69 billion over the first half its fiscal year, almost $130 billion less than the treasury pumped out during the same stretch one year earlier.
The Finance Department’s fiscal monitor says the budgetary deficit between April and September was $68.6 billion, down from the $198.1 billion recorded over the same months in 2020 when Covid-19 first struck.
Source - https://www.advisor.ca/news/economic/federal-deficit-hits-nearly-69b-over-first-half-of-fiscal-year/
1. Deficit / Canada - https://www.reuters.com/markets/rates-bonds/canada-records-c6857-bln-budget-deficit-over-first-six-months-202122-2021-11-26/
2. BOC / qualitative easing - https://www.bankofcanada.ca/2021/11/financial-stability-through-the-pandemic-and-beyond/
3. Inflation - https://financialpost.com/opinion/philip-cross-government-is-driving-inflation
4. Household debt - https://www.consolidatedcreditcanada.ca/financial-news/household-debt/
5. https://twitter.com/EvanLSolomon/status/1464071997286232100 Hey Evan - Sep/19 also seen higher inflation compared to Oct/15 but there was no comment from you back in Sep/19, why? https://www.slideshare.net/paulyoungcga/2019-election-cost-of-living-canada-june-2019 There was also no comment how GDP growth went from 3.0% (2017) to 1.6% (2019), right? https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp
6. Interest rates - https://www.bloomberg.com/news/articles/2021-10-27/bank-of-canada-accelerates-potential-timing-of-rate-hikes
7. Housing - https://theconversation.com/want-to-solve-the-housing-crisis-address-super-charged-demand-169809
8. Consumer spending - https://thoughtleadership.rbc.com/rbc-consumer-spending-tracker/
9. Infrastructure bank - https://canada.constructconnect.com/dcn/news/projects/2021/11/cib-hits-its-stride-with-20-projects-in-its-portfolio
10. https://globalnews.ca/news/8404028/prime-minister-justin-trudeau-bc-flood-zone/ Is @JustinTrudeau taking his surfboard? Many of us already know it will be lots of word salad and little said about all levels of government failing to safeguard assets! https://www.slideshare.net/paulyoungcga/crisis-and-emergency-management-risk-management-how-best-to-manage-risk
2019 Election| Seniors and Retirement | Canada | July 2019paul young cpa, cga
This presentation looks at the issues facing various pension plans across Canada as well as looks to see if people are saving for retirement
This presentation will also discuss the seniors concerns going into the 2019 election
Has Justin Trudeau been Open, Transparent, and Accountable to Canada?paul young cpa, cga
The document is a presentation by Paul Young CPA CGA critiquing the Liberal government's record on openness and transparency. It lists over 100 examples of ways the Liberals have failed to be open or transparent in areas like access to information, fiscal reporting changes, ethics violations, the SNC-Lavalin affair, court orders, fisheries policy, and medical procurement. The presentation argues the Liberal government has not lived up to its 2015 campaign promises of more open and accountable governance.
The document is a presentation by Paul Young arguing that the Liberal government in Canada has failed to be open and transparent as promised. It lists over 100 examples of alleged failures across issues like access to information, fiscal reporting changes, ethics violations by the Prime Minister and others, the SNC-Lavalin affair, court orders blocking information, fisheries policy, procurement practices, deficits, foreign policy, criminal justice cases, and more. It aims to show that the Liberals have been less than truthful and open on many issues of governance.
2019 Election| Scorecard | Liberal Party of Canada | Prime Minister - Justin ...paul young cpa, cga
Here is a look at key areas of policy as part of assessing the success of Trudeau. Trudeau and his team often tout certain stats as way to show people they are successful. The problem is that many stats are very high level as such never discuss the details.
Has Justin Trudeau been Open, Transparent, and Accountable to Canada?paul young cpa, cga
The document discusses whether the Liberal government in Canada has been open, transparent and accountable. It presents an agenda with over 80 topics related to allegations of a lack of transparency by the Liberal government. Some key examples discussed include failures in access to information, changes to fiscal reporting that provided less information, multiple ethics violations by Liberal cabinet ministers, and a lack of openness related to the SNC-Lavalin scandal. The document argues the Liberal government has not lived up to its promise of being more open and transparent than previous governments.
The federal government ran a deficit of nearly $69 billion over the first half its fiscal year, almost $130 billion less than the treasury pumped out during the same stretch one year earlier.
The Finance Department’s fiscal monitor says the budgetary deficit between April and September was $68.6 billion, down from the $198.1 billion recorded over the same months in 2020 when Covid-19 first struck.
Source - https://www.advisor.ca/news/economic/federal-deficit-hits-nearly-69b-over-first-half-of-fiscal-year/
1. Deficit / Canada - https://www.reuters.com/markets/rates-bonds/canada-records-c6857-bln-budget-deficit-over-first-six-months-202122-2021-11-26/
2. BOC / qualitative easing - https://www.bankofcanada.ca/2021/11/financial-stability-through-the-pandemic-and-beyond/
3. Inflation - https://financialpost.com/opinion/philip-cross-government-is-driving-inflation
4. Household debt - https://www.consolidatedcreditcanada.ca/financial-news/household-debt/
5. https://twitter.com/EvanLSolomon/status/1464071997286232100 Hey Evan - Sep/19 also seen higher inflation compared to Oct/15 but there was no comment from you back in Sep/19, why? https://www.slideshare.net/paulyoungcga/2019-election-cost-of-living-canada-june-2019 There was also no comment how GDP growth went from 3.0% (2017) to 1.6% (2019), right? https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp
6. Interest rates - https://www.bloomberg.com/news/articles/2021-10-27/bank-of-canada-accelerates-potential-timing-of-rate-hikes
7. Housing - https://theconversation.com/want-to-solve-the-housing-crisis-address-super-charged-demand-169809
8. Consumer spending - https://thoughtleadership.rbc.com/rbc-consumer-spending-tracker/
9. Infrastructure bank - https://canada.constructconnect.com/dcn/news/projects/2021/11/cib-hits-its-stride-with-20-projects-in-its-portfolio
10. https://globalnews.ca/news/8404028/prime-minister-justin-trudeau-bc-flood-zone/ Is @JustinTrudeau taking his surfboard? Many of us already know it will be lots of word salad and little said about all levels of government failing to safeguard assets! https://www.slideshare.net/paulyoungcga/crisis-and-emergency-management-risk-management-how-best-to-manage-risk
2019 Election| Seniors and Retirement | Canada | July 2019paul young cpa, cga
This presentation looks at the issues facing various pension plans across Canada as well as looks to see if people are saving for retirement
This presentation will also discuss the seniors concerns going into the 2019 election
Many different groups will write paper and/or articles on government from their perspective. It is important for readers to review all sources when it comes to debating various government policies
Justin Trudeau constantly calls out the Harper era like he did in 2015. The problem is Trudeau never discuss details as the details tell a different picture.
2019 Election| Who do you just more when it comes to Retirement Planning?paul young cpa, cga
This presentation looks at the issues facing various pension plans across Canada as well as looks to see if people are saving for retirement
This presentation will also discuss the seniors concerns going into the 2019 election
1. Housing affordability – During 2015 election is when Ralph Goodale said Harper had the worse household debt in Canadian history https://nationalpost.com/opinion/ralph-goodale-the-myth-of-the-roaring-canadian-economy . Fast forward to 2022 and now you are seeing household affordability the worse in over 30 years - https://www.macleans.ca/longforms/down-payments-are-less-affordable-than-ever-unless-you-have-generational-wealth/
2. Trudeau’s deficits with neither effective nor small - https://torontosun.com/opinion/columnists/goldstein-lets-stop-pretending-trudeaus-deficit-projections-are-real
3. Trudeau environmental policies had many issues - https://www.theglobeandmail.com/politics/article-contradictory-spending-slow-pace-trouble-trudeau-governments-emissions/
4. Immigration is a concern due to fact there is a job quality issue - https://www.slideshare.net/paulyoungcga/has-canada-immigration-policies-been-effective
5. GDP was sluggish pre-covid19 and little was said by MSM and Trudeau’s team - https://www.slideshare.net/paulyoungcga/world-and-slow-economic-growth
6. Supply chain was in bad shape pre-covid19 - https://www.slideshare.net/paulyoungcga/analysis-of-the-goods-producing-sector-canada-august-2019-and-september-2019
7. Trudeau never brought Canada back on the world scene - https://www.slideshare.net/paulyoungcga/foreign-affairs-and-policies-is-canada-back-250969830
8. Trudeau promise to help small business and the went on to hiking small businesses taxes as he called small business owners tax cheats. https://www.slideshare.net/paulyoungcga/canada-small-business-survival-analysis-and-commentary
9. Trudeau promise to be more open and transparent and has failed - https://www.slideshare.net/paulyoungcga/justin-trudeau-governance-model-january-15-2022
10. Trudeau policies never address productivity - https://www.slideshare.net/paulyoungcga/how-to-improve-canada-global-competitiveness-250791285
11. Trudeau’s team has ignored many audit reports. Trudeau has done little to improve outcomes on various programs - https://www.slideshare.net/paulyoungcga/fiscal-update-for-canada-december-2021
This document provides a summary of issues related to retirement and seniors in Canada for the 2019 election by Paul Young CPA, CGA. It discusses various pension plan challenges across Canada, whether people are saving enough for retirement, and seniors' concerns. Key points include: Bill C-27 allowing changes to defined benefit pension plans; declining returns and funding issues for some pension plans; the impact of CPP hikes on businesses; and ensuring programs like GIS adequately help seniors with poverty. Solutions proposed include transitioning government employees and MPs to defined contribution pension plans and limiting future CPP hikes to inflation.
Blog – Has Justin Trudeau and his Liberal Government been Open, Transparent, ...paul young cpa, cga
1. Housing Costs – https://betterdwelling.com/canadian-real-estate-affordability-improves-when-rates-rise-despite-the-rhetoric/ or https://www.bnnbloomberg.ca/real-estate/video/billions-in-unknown-funds-flowing-into-canada-s-housing-market-transparency-international~1644554 or https://www.bnnbloomberg.ca/real-estate/video/household-indebtedness-rising-home-prices-is-a-vulnerability-we-re-worried-about-osfi-head~2342049
2. Gasoline costs - https://www.thestar.com/news/canada/2021/12/10/pbo-finds-fossil-fuel-tax-breaks-costing-canada-billions.html or
3. Inflation - https://www.fraserinstitute.org/blogs/brace-yourselves-canada-inflation-may-be-here-to-stay
4. Carbon tax credit - https://www.cbc.ca/news/canada/calgary/cenovus-carbon-capture-alberta-oil-and-gas-1.6278781
5. Supply chain - https://canadianfoodsinc.com/index.php/2021/12/11/experts-say-second-wave-will-bring-empty-shelves-but-not-because-of-panic-buying/
6. CERB – https://westernstandardonline.com/2021/12/calgary-porch-pirate-mp-now-under-investigation-for-cerb-fraud/
7. GIS - https://globalnews.ca/video/8437282/covid-19-freeland-says-shes-personally-committed-to-guaranteed-income-supplement-clawback-related-to-cerb
8. Audit and quarantine - https://www.cbc.ca/news/politics/quarantine-hotel-tracking-phac-audit-1.6279176
9. Challenges facing the Canadian economy - https://www.canadianlawyermag.com/practice-areas/corporate-commercial/canadas-economic-forecast-looks-good-but-challenges-still-lie-ahead-bennett-jones-report/362547
10. @s_guilbeault - Https://www.canadianmanufacturing.com/manufacturing/environment-minister-says-mandate-to-enforce-ev-sales-is-needed-276545/
a. How will the govt make up for the loss of the gas tax money?
b. There are still capacity issues with building electrical vehicles
c. Lack of plug-in stations
i. The ability of the grid to handle the charging https://www.slideshare.net/paulyoungcga/electrical-vehicles-and-plugin-stations-adoption-november-2021
This document provides an agenda for a presentation on fiscal management in Canada. It includes biographical information about the presenter, Paul Young. The presentation will cover the fiscal management cycle for FY 2019/2020 in Canada and 2020/2021 for the federal government and provinces. It will also discuss topics like the credit downgrade of Canada, the size of the government, GDP growth in provinces, job quality in Canada vs the USA, GDP in Canada, key metrics and comments on GDP, the importance of audits, the Parliamentary Budget Officer and deficit, fiscal management under Paul Martin, recessions in the 1980s, 2009 and failures of "Trudeanomics". The document lists several sources for the information and analysis that will be
Violent crime is up in Canada for the past few years. Police forces across Canada are struggling with how to deal with increase crime.
Too many public officials are not addressing the systemic with crime including lenient sentencing, the bail granting process, not providing police with the tools to do their jobs, etc.
This document provides reasons for not voting for the NDP party, written by Paul Young CPA, CGA. It begins with Paul Young's background and credentials. It then outlines an agenda covering who the NDP is, past NDP governments, the Leap Manifesto, the economy under NDP leadership, and specific policy issues. It lists the top 10 reasons not to vote NDP, including that the NDP is anti-business, has not balanced budgets, and supports higher taxes. It then discusses additional NDP policies and critiques of NDP leadership in various provinces.
- Public safety costs are becoming a larger portion of municipal budgets due to higher wages and benefits for police and other public sector workers negotiated through arbitration. This arbitration process does not take into account the ability of municipalities to pay.
- Violent crime is increasing in Canada according to statistics. The federal government under Trudeau has shifted the mandate for Corrections Canada to be more focused on rehabilitation over punishment.
- Emerging technologies like analytics and data mining can help police solve crimes more efficiently by linking together related records and identifying duplicate entries, but proper privacy protections would need to be in place. Gun control laws are also a ongoing debate in Canada around further restrictions or classification changes.
People need to review all aspects of the various parties platform including looking at the annual report for government.
There is allot of information that is missing from statements made by various parties. Elections tend to allow parties to mislead the facts.
2019 Election| Retirement| Seniors and CPP| Canada | July 2019paul young cpa, cga
Canadian Seniors
Liberals love to mislead people on what Harper and the CPC did for seniors:
1. Carbon tax hurts so people on fixed income – Carbon tax is regressive tax - https://news.ontario.ca/ene/en/2019/04/ontario-stands-up-for-seniors-by-opposing-the-costly-federal-carbon-tax-1.html
2. OAS needs to be affordable - https://www.theglobeandmail.com/investing/personal-finance/article-how-raising-the-age-for-cpp-and-oas-to-67-would-benefit-the-whole/
3. Seniors and Poverty - https://cpj.ca/poverty-trends-2018/
4. Harper introduced Pension Splitting https://www.moneysense.ca/news/trudeau-harper-clash-over-pensions-and-income-splitting/
5. Harper spent on Elderly benefits - https://globalnews.ca/news/2222185/reality-check-trudeaus-claim-harper-slashes-funding-to-balance-budget-falls-flat/
Who is better at managing CPP?
• @justintrudeau decided to hike CPP rates as part of his feel-good policies. CPP is a tax!
• @Andrewscheer policies will be like Harper that is hold CPP premium growth to inflation
All government program spending needs to go through value for money including changes to the costing model
Too many governments are not getting value for their government services.
Government needs to become lean - https://fcpp.org/2018/10/12/employment-data-shows-canadas-public-sector-getting-fatter/
Canada needs to have competitive tax rates or risk a brain drain - https://www.slideshare.net/paulyoungcga/technology-market-canada-and-the-world-march-2019
Canada needs have govts that support policies that encourage business investment - https://www.slideshare.net/paulyoungcga/business-competitivesness-canada-march-2019
CPPIB is independent board that evaluates all investment to ensure pensions funds achieve a specific return. There is nothing stopping govt from talking to CPPIB which the Liberals have done in the past with various pension funds to encourage investments.
This document outlines Paul Young's views on policy issues facing Canada and paths forward. It discusses areas like the economy, jobs, the environment, infrastructure, social programs, taxation, immigration, public safety, and Indigenous affairs. Young argues Canada needs to focus on reshoring supply chains, trade reforms, and improving competitiveness. He also advocates reforming employment insurance, the skills gap, tax policy, program spending, and the legal system.
Monetary Policy | Fiscal and Economic Policies| Public Sector| Governmentpaul young cpa, cga
This document provides an overview of monetary policy and its importance to government. It begins with an introduction of the author Paul Young and his background. The agenda then outlines topics to be covered, including definitions of monetary policy, discussions of inflation and producer prices in Canada, issues around housing, cost of living, household debt, GDP, and fiscal management. Slides and sources are referenced throughout to provide additional context. The overall message is that monetary policy and fiscal management should work in coordination to address economic challenges facing Canada.
This document provides a summary and analysis of wages and employment in Canada for November 2021. It includes:
- A comparison of employment levels in Canada versus the US in November
- An analysis of employment trends by sector and wages above versus below the average wage
- Blogs and discussion on issues like job quality, skills shortages, and the transition away from pandemic support programs
- Suggestions for reforms to improve areas like post-secondary education, immigration programs, and competitiveness
The document is intended to inform discussions on economic and labor market trends in Canada.
Blog – Failure of Trudeaunomics – October 2021
Inflation went from 1% in 2015 to 1.9% in 2019 and now is 4.7% in Oct/21
Public sector jobs continue to outpace the private sector jobs
GDP went from 3.0% in 2017 to 1.6% 2019 (pre-Covid)
Housing prices continue to rise
Welcome to @justinTrudeau ‘s Canada
- The document discusses issues facing small businesses in Canada during the COVID-19 pandemic such as declining confidence, high failure rates, and the impact on GDP.
- It outlines government support programs for wages and commercial rent but notes many small businesses did not qualify or the requirements were too stringent.
- Going forward, it suggests governments need to focus on supporting economic growth, helping businesses survive, improving infrastructure, and retraining programs to address job losses. Technology can help businesses with analytics, e-commerce, and automation.
Small Business - Post Covid19 - Survival or Collapse - Analysis and Commentarypaul young cpa, cga
This document discusses issues facing small businesses in Canada during the COVID-19 pandemic. It notes that small business confidence has declined and up to 225,000 businesses could close. Small businesses contribute significantly to GDP and job losses. Government COVID support programs like wage subsidies have helped but have been challenging to access. Automation is increasing for small businesses. Looking ahead, support is needed for business survival, skills training, infrastructure investment, and balancing the economy and environment.
Many different groups will write paper and/or articles on government from their perspective. It is important for readers to review all sources when it comes to debating various government policies
Justin Trudeau constantly calls out the Harper era like he did in 2015. The problem is Trudeau never discuss details as the details tell a different picture.
2019 Election| Who do you just more when it comes to Retirement Planning?paul young cpa, cga
This presentation looks at the issues facing various pension plans across Canada as well as looks to see if people are saving for retirement
This presentation will also discuss the seniors concerns going into the 2019 election
1. Housing affordability – During 2015 election is when Ralph Goodale said Harper had the worse household debt in Canadian history https://nationalpost.com/opinion/ralph-goodale-the-myth-of-the-roaring-canadian-economy . Fast forward to 2022 and now you are seeing household affordability the worse in over 30 years - https://www.macleans.ca/longforms/down-payments-are-less-affordable-than-ever-unless-you-have-generational-wealth/
2. Trudeau’s deficits with neither effective nor small - https://torontosun.com/opinion/columnists/goldstein-lets-stop-pretending-trudeaus-deficit-projections-are-real
3. Trudeau environmental policies had many issues - https://www.theglobeandmail.com/politics/article-contradictory-spending-slow-pace-trouble-trudeau-governments-emissions/
4. Immigration is a concern due to fact there is a job quality issue - https://www.slideshare.net/paulyoungcga/has-canada-immigration-policies-been-effective
5. GDP was sluggish pre-covid19 and little was said by MSM and Trudeau’s team - https://www.slideshare.net/paulyoungcga/world-and-slow-economic-growth
6. Supply chain was in bad shape pre-covid19 - https://www.slideshare.net/paulyoungcga/analysis-of-the-goods-producing-sector-canada-august-2019-and-september-2019
7. Trudeau never brought Canada back on the world scene - https://www.slideshare.net/paulyoungcga/foreign-affairs-and-policies-is-canada-back-250969830
8. Trudeau promise to help small business and the went on to hiking small businesses taxes as he called small business owners tax cheats. https://www.slideshare.net/paulyoungcga/canada-small-business-survival-analysis-and-commentary
9. Trudeau promise to be more open and transparent and has failed - https://www.slideshare.net/paulyoungcga/justin-trudeau-governance-model-january-15-2022
10. Trudeau policies never address productivity - https://www.slideshare.net/paulyoungcga/how-to-improve-canada-global-competitiveness-250791285
11. Trudeau’s team has ignored many audit reports. Trudeau has done little to improve outcomes on various programs - https://www.slideshare.net/paulyoungcga/fiscal-update-for-canada-december-2021
This document provides a summary of issues related to retirement and seniors in Canada for the 2019 election by Paul Young CPA, CGA. It discusses various pension plan challenges across Canada, whether people are saving enough for retirement, and seniors' concerns. Key points include: Bill C-27 allowing changes to defined benefit pension plans; declining returns and funding issues for some pension plans; the impact of CPP hikes on businesses; and ensuring programs like GIS adequately help seniors with poverty. Solutions proposed include transitioning government employees and MPs to defined contribution pension plans and limiting future CPP hikes to inflation.
Blog – Has Justin Trudeau and his Liberal Government been Open, Transparent, ...paul young cpa, cga
1. Housing Costs – https://betterdwelling.com/canadian-real-estate-affordability-improves-when-rates-rise-despite-the-rhetoric/ or https://www.bnnbloomberg.ca/real-estate/video/billions-in-unknown-funds-flowing-into-canada-s-housing-market-transparency-international~1644554 or https://www.bnnbloomberg.ca/real-estate/video/household-indebtedness-rising-home-prices-is-a-vulnerability-we-re-worried-about-osfi-head~2342049
2. Gasoline costs - https://www.thestar.com/news/canada/2021/12/10/pbo-finds-fossil-fuel-tax-breaks-costing-canada-billions.html or
3. Inflation - https://www.fraserinstitute.org/blogs/brace-yourselves-canada-inflation-may-be-here-to-stay
4. Carbon tax credit - https://www.cbc.ca/news/canada/calgary/cenovus-carbon-capture-alberta-oil-and-gas-1.6278781
5. Supply chain - https://canadianfoodsinc.com/index.php/2021/12/11/experts-say-second-wave-will-bring-empty-shelves-but-not-because-of-panic-buying/
6. CERB – https://westernstandardonline.com/2021/12/calgary-porch-pirate-mp-now-under-investigation-for-cerb-fraud/
7. GIS - https://globalnews.ca/video/8437282/covid-19-freeland-says-shes-personally-committed-to-guaranteed-income-supplement-clawback-related-to-cerb
8. Audit and quarantine - https://www.cbc.ca/news/politics/quarantine-hotel-tracking-phac-audit-1.6279176
9. Challenges facing the Canadian economy - https://www.canadianlawyermag.com/practice-areas/corporate-commercial/canadas-economic-forecast-looks-good-but-challenges-still-lie-ahead-bennett-jones-report/362547
10. @s_guilbeault - Https://www.canadianmanufacturing.com/manufacturing/environment-minister-says-mandate-to-enforce-ev-sales-is-needed-276545/
a. How will the govt make up for the loss of the gas tax money?
b. There are still capacity issues with building electrical vehicles
c. Lack of plug-in stations
i. The ability of the grid to handle the charging https://www.slideshare.net/paulyoungcga/electrical-vehicles-and-plugin-stations-adoption-november-2021
This document provides an agenda for a presentation on fiscal management in Canada. It includes biographical information about the presenter, Paul Young. The presentation will cover the fiscal management cycle for FY 2019/2020 in Canada and 2020/2021 for the federal government and provinces. It will also discuss topics like the credit downgrade of Canada, the size of the government, GDP growth in provinces, job quality in Canada vs the USA, GDP in Canada, key metrics and comments on GDP, the importance of audits, the Parliamentary Budget Officer and deficit, fiscal management under Paul Martin, recessions in the 1980s, 2009 and failures of "Trudeanomics". The document lists several sources for the information and analysis that will be
Violent crime is up in Canada for the past few years. Police forces across Canada are struggling with how to deal with increase crime.
Too many public officials are not addressing the systemic with crime including lenient sentencing, the bail granting process, not providing police with the tools to do their jobs, etc.
This document provides reasons for not voting for the NDP party, written by Paul Young CPA, CGA. It begins with Paul Young's background and credentials. It then outlines an agenda covering who the NDP is, past NDP governments, the Leap Manifesto, the economy under NDP leadership, and specific policy issues. It lists the top 10 reasons not to vote NDP, including that the NDP is anti-business, has not balanced budgets, and supports higher taxes. It then discusses additional NDP policies and critiques of NDP leadership in various provinces.
- Public safety costs are becoming a larger portion of municipal budgets due to higher wages and benefits for police and other public sector workers negotiated through arbitration. This arbitration process does not take into account the ability of municipalities to pay.
- Violent crime is increasing in Canada according to statistics. The federal government under Trudeau has shifted the mandate for Corrections Canada to be more focused on rehabilitation over punishment.
- Emerging technologies like analytics and data mining can help police solve crimes more efficiently by linking together related records and identifying duplicate entries, but proper privacy protections would need to be in place. Gun control laws are also a ongoing debate in Canada around further restrictions or classification changes.
People need to review all aspects of the various parties platform including looking at the annual report for government.
There is allot of information that is missing from statements made by various parties. Elections tend to allow parties to mislead the facts.
2019 Election| Retirement| Seniors and CPP| Canada | July 2019paul young cpa, cga
Canadian Seniors
Liberals love to mislead people on what Harper and the CPC did for seniors:
1. Carbon tax hurts so people on fixed income – Carbon tax is regressive tax - https://news.ontario.ca/ene/en/2019/04/ontario-stands-up-for-seniors-by-opposing-the-costly-federal-carbon-tax-1.html
2. OAS needs to be affordable - https://www.theglobeandmail.com/investing/personal-finance/article-how-raising-the-age-for-cpp-and-oas-to-67-would-benefit-the-whole/
3. Seniors and Poverty - https://cpj.ca/poverty-trends-2018/
4. Harper introduced Pension Splitting https://www.moneysense.ca/news/trudeau-harper-clash-over-pensions-and-income-splitting/
5. Harper spent on Elderly benefits - https://globalnews.ca/news/2222185/reality-check-trudeaus-claim-harper-slashes-funding-to-balance-budget-falls-flat/
Who is better at managing CPP?
• @justintrudeau decided to hike CPP rates as part of his feel-good policies. CPP is a tax!
• @Andrewscheer policies will be like Harper that is hold CPP premium growth to inflation
All government program spending needs to go through value for money including changes to the costing model
Too many governments are not getting value for their government services.
Government needs to become lean - https://fcpp.org/2018/10/12/employment-data-shows-canadas-public-sector-getting-fatter/
Canada needs to have competitive tax rates or risk a brain drain - https://www.slideshare.net/paulyoungcga/technology-market-canada-and-the-world-march-2019
Canada needs have govts that support policies that encourage business investment - https://www.slideshare.net/paulyoungcga/business-competitivesness-canada-march-2019
CPPIB is independent board that evaluates all investment to ensure pensions funds achieve a specific return. There is nothing stopping govt from talking to CPPIB which the Liberals have done in the past with various pension funds to encourage investments.
This document outlines Paul Young's views on policy issues facing Canada and paths forward. It discusses areas like the economy, jobs, the environment, infrastructure, social programs, taxation, immigration, public safety, and Indigenous affairs. Young argues Canada needs to focus on reshoring supply chains, trade reforms, and improving competitiveness. He also advocates reforming employment insurance, the skills gap, tax policy, program spending, and the legal system.
Monetary Policy | Fiscal and Economic Policies| Public Sector| Governmentpaul young cpa, cga
This document provides an overview of monetary policy and its importance to government. It begins with an introduction of the author Paul Young and his background. The agenda then outlines topics to be covered, including definitions of monetary policy, discussions of inflation and producer prices in Canada, issues around housing, cost of living, household debt, GDP, and fiscal management. Slides and sources are referenced throughout to provide additional context. The overall message is that monetary policy and fiscal management should work in coordination to address economic challenges facing Canada.
This document provides a summary and analysis of wages and employment in Canada for November 2021. It includes:
- A comparison of employment levels in Canada versus the US in November
- An analysis of employment trends by sector and wages above versus below the average wage
- Blogs and discussion on issues like job quality, skills shortages, and the transition away from pandemic support programs
- Suggestions for reforms to improve areas like post-secondary education, immigration programs, and competitiveness
The document is intended to inform discussions on economic and labor market trends in Canada.
Blog – Failure of Trudeaunomics – October 2021
Inflation went from 1% in 2015 to 1.9% in 2019 and now is 4.7% in Oct/21
Public sector jobs continue to outpace the private sector jobs
GDP went from 3.0% in 2017 to 1.6% 2019 (pre-Covid)
Housing prices continue to rise
Welcome to @justinTrudeau ‘s Canada
- The document discusses issues facing small businesses in Canada during the COVID-19 pandemic such as declining confidence, high failure rates, and the impact on GDP.
- It outlines government support programs for wages and commercial rent but notes many small businesses did not qualify or the requirements were too stringent.
- Going forward, it suggests governments need to focus on supporting economic growth, helping businesses survive, improving infrastructure, and retraining programs to address job losses. Technology can help businesses with analytics, e-commerce, and automation.
Small Business - Post Covid19 - Survival or Collapse - Analysis and Commentarypaul young cpa, cga
This document discusses issues facing small businesses in Canada during the COVID-19 pandemic. It notes that small business confidence has declined and up to 225,000 businesses could close. Small businesses contribute significantly to GDP and job losses. Government COVID support programs like wage subsidies have helped but have been challenging to access. Automation is increasing for small businesses. Looking ahead, support is needed for business survival, skills training, infrastructure investment, and balancing the economy and environment.
This document provides an overview and summary of Canada's economic response to the COVID-19 pandemic. It outlines various stimulus programs by the federal and provincial governments, including emergency benefits for self-employed individuals, sick leave programs, the GST credit, child benefits, and wage subsidies for businesses. It notes issues with some programs not adequately supporting those in industries reliant on tips as income. The summary criticizes the response for a lack of coordination between public and private sector sick leave programs and calls for more support of frontline workers and the healthcare system.
Summary:
Canada hit a target of 401K in new immigrants. There are systemic issues facing natural resources, construction, manufacturing, and retail sector of the economy.
More and more jobs will be automated.
There are issues with cost and availability of housing.
Canada continues to be hammered by high inflation partially driven by green policies.
1. Wages and Canada - https://www.benefitscanada.com/news/bencan/survey-says-wages-set-to-rise-2-7-in-2022-as-inflation-hits-new-high/
2. Housing Costs - Affordability has become much tougher due to the rapid escalation of prices during the pandemic. That said, Canada has in its past managed to weather a situation where the cost-of-living situation was even worse without seeing a severe retrenchment in activity. And, both new and resale markets remain drum-tight, suggesting another strong year for price growth is in the cards for 2022. https://economics.td.com/ca-housing-rate-sensitivity
3. Job Vacancies – Nearly 50% of the jobs pay less than the average wage - https://www150.statcan.gc.ca/n1/daily-quotidien/211220/dq211220a-eng.htm
4. Many jobs could be automated - https://www.unitrends.com/blog/technology-5-it-trends-to-watch-in-2022
5. Canada trade surpluses has been led by the natural resources sector. There are issues with natural resources sector as the Liberals continue to over tax and regulate the natural resources sector - https://www.bnnbloomberg.ca/merchandise-trade-surplus-3-1b-in-november-statistics-canada-reports-1.1703909 and https://www.slideshare.net/paulyoungcga/what-is-next-for-the-natural-resources-sector
6. Small businesses continue to struggle with new restrictions imposed on them by the government - https://www.slideshare.net/paulyoungcga/what-is-next-for-the-natural-resources-sector
7. Skills gap - https://www.slideshare.net/paulyoungcga/what-is-next-for-the-natural-resources-sector
8. Many government programs like healthcare have issues with their effectiveness - https://www.slideshare.net/paulyoungcga/fiscal-management-public-sector-canada-250858856
9. Green Inflation - https://www.reuters.com/business/environment/canadas-shift-net-zero-emissions-likely-drive-higher-inflation-2022-01-13/
10. Manufacturing sector - https://www.fxempire.com/macro/canada/manufacturing-pmi
All governments have to follow their fiscal management cycle and that includes internal audit programs. The problem is too many governments put little focus on operational and performance audits as part of managing their fiscal cycle.
Fiscal and Economic Management| Canada| August 2020| Analysis and Commentarypaul young cpa, cga
The government under their mandate is faced with the election mandate along with facing geopolitical issues that drive both the fiscal management cycle and the economy. This presentation looks at various issues facing Canada including what is required to resolve the various issues
The global economy has been challenged in 2020 due to many factors including COVID19, protectionism, and other geopolitical events. Countries around the world have a great opportunity to re-shape their own economies as part of fixing tax fairness, job quality and efficient government.
This document discusses various ways to best support startups. It suggests that governments provide support through tax policies that fuel venture capital markets and innovation. Startups face pressures around access to capital, markets, skilled labor and costs of payroll taxes and regulations. The document advocates for reforms in healthcare through more virtual care, entrepreneurial startups, and easing of regulations. It argues the best way to support research and development is through tax policies and public-private partnerships that make colleges incubation centers, rather than direct subsidies. Overall support for startups and innovation is best achieved through balanced economic and environmental policies that fuel the next generation of new companies.
This document provides an agenda for discussing the world economy and what's next. It outlines several topics for discussion, including GDP growth, commodities, stock markets, geopolitical risks, unemployment rates, growth areas, COVID-19 deficit spending, debt, infrastructure, the green economy, job quality, trade, ecommerce, housing affordability, and more. For each topic, it lists relevant sources and links to additional slides and analyses on each subject. The conclusion discusses that governments should audit their crisis responses and focus on balancing the economy with other priorities, reforming taxation and organizations, and addressing issues like housing, infrastructure, and geopolitics.
This document discusses average wages in Canada and is presented by Paul Young, a CPA and CGA. It includes an agenda covering average wage comparisons, universal basic income, job quality, skills development and training, graduates and income. Sections provide details on wages above and below average, comparisons over specific periods, the push for UBI due to job losses from COVID-19, the need to focus on job quality and skills training, especially for trades, and data showing graduates earn more with advanced degrees. The conclusion calls for addressing Canada's job quality issues through government cooperation and reform to support key industries while balancing economic and environmental policies.
Canada already had a vibrant technology sector
Moving ideas from incubation to market takes time and moneys
Trudeau’s has increase taxes (hikes to CPP – 2019 or Carbon Taxation or elimination of tax credits - https://www.slideshare.net/paulyoungcga/middle-class-canada-february-2018
It will take a balance of policies to support economic. It is not one policy that drives the economy. The Liberals see to focus on increase taxes and giving handouts.
CPC in the past supported wide range of policy changes to support business investment - http://mb.cme-mec.ca/?lid=YXN82-W3NF7-IC132&comaction=show&cid=3CWP8-FKASM-JYNFE
We are heading towards uncharted water when it comes to handling of a pandemic in Canada. This presentation looks at the key initiatives in place as part of measures to support Cdns.
Wages and Job Vacancies (Job Quality) - Canada - May 2022 and June 2022.pptxpaul young cpa, cga
Summary:
The number of employees receiving pay or benefits from their employer—measured by the Survey of Employment, Payrolls and Hours (SEPH) as payroll employment—decreased by 26,100 (-0.1%) in May, the first decline since May 2021. Ontario (-30,000; -0.4%) and Manitoba (-2,500; -0.4%) recorded the largest payroll employment losses, while British Columbia (+7,000; +0.3%) was the lone province to record an increase.
Source: https://www150.statcan.gc.ca/n1/daily-quotidien/220728/dq220728a-eng.htm
This document provides an agenda for a presentation on fiscal management in Canada. It includes sections on the federal government's fiscal management for fiscal years 2019/2020 and 2020/2021, provincial fiscal management for 2020/2021, GDP growth and job quality comparisons between Canada and the US, key economic metrics, the importance of audits, potential departmental issues, and references to additional sources of information. The presentation aims to analyze the Liberal government's fiscal policies and the economic impacts of COVID-19 across different levels of government in Canada.
The document discusses issues facing Canadian youth employment and outlines Paul Young's presentation on the topic. It notes high youth unemployment rates in Canada and issues like high student debt loads. It provides statistics on youth unemployment rates in Canada and among OECD countries. It suggests the economic recovery needs policies that address skills training and education alignment with current and future jobs. The presentation agenda covers topics like youth unemployment, job recovery trends, the impact of automation, and recommendations for improving opportunities for Canadian youth.
The document discusses factors impacting startups and ways governments can best support them. It notes that access to capital, skilled labor, markets, and favorable tax policies are important for startups. However, governments need to focus on indirect support through tax incentives rather than direct subsidies. The document also emphasizes that economic recoveries are often led by innovation from new companies addressing emerging issues through new technologies.
The document provides an analysis of Canada's GDP and economic outlook in July 2020. It discusses:
- Canada's large COVID-19 deficits and debt levels which are unprecedented.
- GDP growth projections showing a potential V-shaped recovery for the global and Canadian economies, but risks remain.
- GDP breakdown by sector in Canada, showing recovery in some industries but not others.
- Recommendations for economic reforms like supporting job growth, improving education and skills training, and reforming government.
Wages and Job Vacancies (Job Quality) - Canada - May 2022 and April 2022.pptxpaul young cpa, cga
Canada is struggling with over 1 million job vacancies, nearly half of which pay below average wages. Digital adoption by governments can help address this by streamlining service delivery. Canada also has a backlog of over 2 million immigration applications, and needs policies to better support export expansion and resilient supply chains. Transitioning to a digital economy and addressing skills shortages will be important for Canada's future competitiveness and economic growth.
This document summarizes the impact of COVID-19 on Canada's hospitality sector. It discusses how the pandemic has negatively impacted GDP and employment in the sector. It also explores how the sector is adapting through increased automation, such as robotic servers, and virtual tourism experiences. Staffing and human resource management are significant challenges as many jobs may not return. The food and beverage industry has also been hard hit. Moving forward, the sector will need to transition to a "new normal" and workers may need retraining for other careers as the impacts of COVID-19 continue.
Paul Young is a CPA and CGA who has expertise in several areas relevant to the hospitality sector in Canada. The document discusses how the hospitality sector has been impacted by the COVID-19 pandemic, including declines in GDP and large job losses. It notes that automation is increasing in the sector through technologies like virtual tours, robotic servers, and AI analytics. Issues around staffing and human capital management are also covered, such as many hospitality jobs not returning and challenges rehiring workers receiving government benefits. The food and beverage industry is an important part of the hospitality sector that has been significantly affected.
Similar to Survival or Collapse| Small Business (20)
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
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.
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic DataChampak Jhagmag
In this presentation, we will explore the rise of generative AI in finance and its potential to reshape the industry. We will discuss how generative AI can be used to develop new products, combat fraud, and revolutionize risk management. Finally, we will address some of the ethical considerations and challenges associated with this powerful technology.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
"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.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
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
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
What's a worker’s market? Job quality and labour market tightness
Survival or Collapse| Small Business
1. P A U L Y O U N G C P A C G A
A U G U S T 4 , 2 0 2 0
SMALL
BUSINESS –
WHAT’S NEXT
2. Paul Young - Bio
• CPA, CGA
• Financial Solutions
• SME – Business Process Changes
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
• Academia – Advance Accounting, Public Finance
and Advanced Management Systems
Contact information:
Paul_Young_CGA@Hotmail.com
3. Agenda
• Small Business Confidence / Canada
• Small Business / Survival
• Small Business and GDP
• COVID Programs (Wage Subsidies and Rent Subsidies)
• Automation and Small Businesses
• North American Outlook
• Areas of focus
4. Small Business
Confidence / Canada
Source - https://www.cfib-fcei.ca/en/research/economic-indicators/business-barometer-july-2020 and Trading
Economics
5. Small Business Survival
Source - https://www.cfib-fcei.ca/en/media/news-releases/canada-could-
lose-additional-158000-small-businesses-covid-19
6. Small Business and GDP
Source - http://canadianentrepreneurtraining.com/7-statistics-about-
canadian-small-businesses/
7. COVID19 Programs
• Commercial Rent Subsidy –” https://www.bdo.ca/en-ca/insights/tax/tax-alerts/canada-emergency-commercial-rent-assistance ” –
• pay up to $50,000 per month in gross rent per location, as defined by a valid and enforceable lease agreement;
• generate no more than $20 million in gross annual revenues, calculated on a consolidated basis; and
• have experienced at least a 70% decline in pre-COVID-19 revenues.
• Source - https://www.bdo.ca/en-ca/insights/tax/tax-alerts/canada-emergency-commercial-rent-assistance/
• CFIB-” The Canadian Federation of Independent Business (CFIB) is disappointed that the federal government has not
provided any reassurance that the CECRA extension will provide relief to tenants who have not had access to the
program. Many have been shut out either because their landlord is not participating or because the 70 per cent
revenue loss requirement is too high. While today’s announcement is good news for those who can access the
program, it is a slap in the face for those who have been shut out of rent relief for five months running.” -
https://www.cfib-fcei.ca/en/media/news-releases/cfib-urges-finance-ministers-fix-rent-relief
• Wage Subsidy” Eligibility for, and the amount that can be claimed under, the 75% CEWS are dependent on a number of factors.
These are discussed below under general categories. This subsidy is a temporary measure. The program will be in place for an in
initial 12-week period, from March 15 to June 6, and then for a second twelve-week period ending August 29, 2020.” -
https://www.bdo.ca/en-ca/insights/tax/tax-alerts/covid-19-wage-subsidy-programs/
• Many small businesses do not meet the thresholds
• Initially revenue change / target, but the program has been revised - https://www.cfib-fcei.ca/en/media/news-
releases/cfib-statement-new-canada-emergency-wage-subsidy-details
• Operational expenses were excluded
• Inventory write-downs
• Equipment and other leases
• Other fixed related costs
8. Pain and Suffering by Small Businesses
Two small business owners Small business and Loans Bankruptcies
• Rise of bankruptcies - https://www.retaildive.com/news/the-running-list-of-2020-retail-bankruptcies/571159/
• Restructuring of businesses - https://www.bnnbloomberg.ca/fti-s-restructuring-business-balloons-amid-surge-in-
bankruptcies-1.1473314
• 2020 Pandemic could lead to similar recovery of the 1980-1982 recession -
https://www.pewresearch.org/2010/12/14/reagans-recession/
• Cash flow will be a big issue for consumers and businesses - https://liquidcapitalcorp.com/blog/cash-flow-2/3-
biggest-financial-challenges-facing-small-business-owners/ or job quality issues -
https://www.slideshare.net/paulyoungcga/job-quality-canada-235057299
9. Automation / Small Businesses
1. Chatbots
2. Deep Analytic tools
3. Artificial Intelligence
4. Feature rich customer CRM apps
5. Automation
6. Working from home
7. Influencer marketing
Source - https://industrytoday.com/7-technology-trends-for-small-businesses/
11. Areas of focus
• Nearly 600K jobs may never come back. The new jobs will require new skills –
https://www.slideshare.net/paulyoungcga/automation-and-human-capital-management-human-resources
• All levels of government need to focus on the goods producing sector as part of supporting near-term and
long-term economic growth - https://www.slideshare.net/paulyoungcga/tranformation-of-supply-chains
• Small businesses will need more support in terms of operation grants and debt forgiveness -
https://www.newswire.ca/news-releases/one-third-of-canadian-small-businesses-aren-t-feeling-community-
support-during-covid-yet-77-are-optimistic-about-the-future-visa-survey-835717888.html
• More focus on innovation centers at all colleges and university as way to support start up companies and
existing small to medium size businesses - https://www.slideshare.net/paulyoungcga/fastest-growing-
companies-canada-september-2017 or https://www.slideshare.net/paulyoungcga/2019-election-innovation-
and-rd-canada-2014-to-2017
• Focusing on tax fairness and social policy reform - https://www.slideshare.net/paulyoungcga/designing-social-
programs-and-tax-fairness-policies
12. How can technology help
• Analytics can help drive better outcome for small-to-medium size
businesses - https://techwireasia.com/2020/07/how-ibm-is-boosting-ai-
automation-for-smes-across-thailand/
• RPA and SME - https://research.aimultiple.com/robotic-process-
automation-rpa-analytics/
• Supporting eCommerce solutions -
https://www.slideshare.net/paulyoungcga/ecommerce-whats-next
13. What’s next?
• All levels of government need to work with the private sector to support policies that will expand
economic growth - https://www.slideshare.net/paulyoungcga/gdp-canada-may-2020
• The recovery will be slow due to issues with businesses and their survival. Many companies,
especially in the retail, restaurant, and accommodation sectors may close up shops
• Canada needs to focus on getting goods to market -
https://www.slideshare.net/paulyoungcga/how-best-to-get-goods-to-market
• All levels of government will need to overhaul how they operate -
https://www.slideshare.net/paulyoungcga/public-sector-how-to-reform-all-levels-of-government
• Investments in infrastructure like ports or roads or railway lines or bridges can help with the
recovery - https://www.slideshare.net/paulyoungcga/canada-infrastructure-analysis-of-policy
• More balance between the economy and the environment -
https://www.slideshare.net/paulyoungcga/climate-change-and-the-environment-how-do-we-
resolve
• More alignment of EI programs with proper training as part of the post-covid19 exit strategy -
https://www.slideshare.net/paulyoungcga/policy-review-unemployment-insurance-canada
14. 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