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
Wages and Job Vacancies (Job Quality) - Canada - October 2021 paul young cpa, cga
Blog – Job Quality and Wages – Canada – October 2021
Wages are becoming stagnant
Public sector jobs continue to outpace private sector job growth
Goods-producing continues to lags other sectors in terms of job growth
1. Wages - https://financialpost.com/news/economy/immigrant-influx-is-stunting-wage-growth-in-canadian-recovery
2. Skills gaps - https://www.wellandtribune.ca/ts/news/canada/2021/11/25/ontario-wants-young-people-to-help-fix-trades-labour-shortage.html
3. College grads - https://www.bnnbloomberg.ca/new-college-grads-are-making-gains-in-employment-and-wages-during-pandemic-1.1677685
4. Automation - https://www.mindstick.com/news/945/automation-is-future-robotisation-is-conqueror-of-modern-employment
5. Automation and fiscal policy - https://ceo-na.com/opinion/sharing-the-gains-of-automation-the-role-of-fiscal-policy/
6. Jobs in demand - https://financialpost.com/personal-finance/business-essentials/coding-is-one-of-the-most-in-demand-and-highest-paying-jobs-in-canada
7. Jobs in demand - https://www.slice.ca/10-canadian-careers-thatll-be-in-demand-in-2020-and-after/
8. Inflation - https://www.theglobeandmail.com/politics/article-opposition-grills-trudeau-on-inflation-housing-as-economic-issues-top/
9. Public sector - https://theorca.ca/resident-pod/public-sector-booming-or-ballooning/
10. Digital adoption - https://hbr.org/2021/11/3-tactics-to-accelerate-a-digital-transformation or https://www.techradar.com/features/accelerated-digital-adoption-brings-a-new-role-for-tech-leaders
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
Market set prices for business
Canada goods producing sector jobs as % of total jobs has decreased since the Liberals took office in 2015
Liberals impose new small business tax rules (Passive Income and Income Sprinkling)
Government set policies like environment laws, labour laws, trade/investment, taxation
Canada new C69 will drag out approval for resource projects by years.
It is not one policy that drives FDI, but many policies
FDI has left Canada for other jurisdiction due to taxes and regulatory processes - http://business.financialpost.com/commodities/energy/canadian-drillers-moving-rigs-south-to-chase-better-prospects-in-texas-oilfields
Canada personal taxation rates have been increased over the past few years.
China has seen tremendous growth since the 1990s as part of becoming the 2nd biggest economy in the world. China has many challenges to deal with including protecting environment through better environment policies as they relate to mining output, urban planning, forest, and land management.
1. China GDP - https://www.project-syndicate.org/commentary/why-is-china-gdp-growth-rate-falling-so-fast-by-shang-jin-wei-2021-11
2. Belt road - https://www.reuters.com/markets/europe/african-nations-mend-make-do-china-tightens-belt-road-2021-11-22/ or https://ca.finance.yahoo.com/news/1-china-meet-challenges-giant-130242556.html
3. China Manufacturing - https://www.sharecast.com/news/international-economic/chinas-manufacturing-output-retail-sales-strengthen--8554024.html
4. Mining - https://www.mining-technology.com/news/industry-news/iron-ore-price-plummets/
5. Housing - https://www.economist.com/finance-and-economics/2021/11/20/as-housing-costs-rocket-governments-take-aim-at-large-investors
6. Wealth - https://spainsnews.com/china-monopolizes-the-wealth-of-the-planet-but-shows-weaknesses-in-the-battle-for-world-economic-hegemony/
7. Critical metals - https://www.goodreturns.in/personal-finance/investment/10-most-precious-metals-in-the-world/articlecontent-pf25917-1230896.html
8. Lithium - https://www.mining.com/sqm-expects-lithium-prices-to-jump-50-before-year-end/
9. Batteries - https://www.autonews.com/manufacturing/ev-battery-boom-sparks-need-locally-sourced-metals
10. Climate Change - https://www.nature.com/articles/d41586-021-03491-6
11. Water - https://www.deccanherald.com/international/world-news-politics/china-could-be-preparing-for-water-war-in-asia-after-completing-serial-dams-in-tibet-1052487.html
12. Air quality https://www.aljazeera.com/news/2021/11/22/infographic-the-worlds-100-most-polluted-cities-interactive
13. Trade - https://panow.com/2021/11/16/canada-south-asian-bloc-to-begin-free-trade-talks-in-effort-to-diversify-from-china/
Summary:
Global economy continues to face many headwinds like new variants or climate change or supply chain disruption or labor shortages or housing costs or high inflation or other geopolitical, fiscal, and economic issues and threats.
1. Income inequality - https://www.theguardian.com/business/2021/dec/07/global-inequality-western-imperialism-super-rich
2. Global Trade - https://www.weforum.org/agenda/2021/12/globalization-world-trade-bounce-back-from-covid-19/
3. Global economy - https://www.cityam.com/outlook-2022-global-economy/
4. Budget deficits - https://www.thebalance.com/u-s-federal-budget-breakdown-3305789
5. Geopolitical risks - https://www.geopoliticalmonitor.com/
6. Labor shortages - https://www.qualtrics.com/blog/labor-shortages/
7. Digital adoption - https://www.fiercetelecom.com/telecom/report-digital-transformation-spending-will-catapult-to-6-8-trillion-by-2023
8. Mega Trends - https://www.ishares.com/us/insights/megatrends-themes-to-watch
9. HR - https://www.gartner.com/en/human-resources/trends/top-priorities-for-hr-leaders
10. Retail spending - https://www.fitchratings.com/research/corporate-finance/fitch-ratings-2022-outlook-us-retail-06-12-2021
Wages and Job Vacancies (Job Quality) - Canada - October 2021 paul young cpa, cga
Blog – Job Quality and Wages – Canada – October 2021
Wages are becoming stagnant
Public sector jobs continue to outpace private sector job growth
Goods-producing continues to lags other sectors in terms of job growth
1. Wages - https://financialpost.com/news/economy/immigrant-influx-is-stunting-wage-growth-in-canadian-recovery
2. Skills gaps - https://www.wellandtribune.ca/ts/news/canada/2021/11/25/ontario-wants-young-people-to-help-fix-trades-labour-shortage.html
3. College grads - https://www.bnnbloomberg.ca/new-college-grads-are-making-gains-in-employment-and-wages-during-pandemic-1.1677685
4. Automation - https://www.mindstick.com/news/945/automation-is-future-robotisation-is-conqueror-of-modern-employment
5. Automation and fiscal policy - https://ceo-na.com/opinion/sharing-the-gains-of-automation-the-role-of-fiscal-policy/
6. Jobs in demand - https://financialpost.com/personal-finance/business-essentials/coding-is-one-of-the-most-in-demand-and-highest-paying-jobs-in-canada
7. Jobs in demand - https://www.slice.ca/10-canadian-careers-thatll-be-in-demand-in-2020-and-after/
8. Inflation - https://www.theglobeandmail.com/politics/article-opposition-grills-trudeau-on-inflation-housing-as-economic-issues-top/
9. Public sector - https://theorca.ca/resident-pod/public-sector-booming-or-ballooning/
10. Digital adoption - https://hbr.org/2021/11/3-tactics-to-accelerate-a-digital-transformation or https://www.techradar.com/features/accelerated-digital-adoption-brings-a-new-role-for-tech-leaders
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
Market set prices for business
Canada goods producing sector jobs as % of total jobs has decreased since the Liberals took office in 2015
Liberals impose new small business tax rules (Passive Income and Income Sprinkling)
Government set policies like environment laws, labour laws, trade/investment, taxation
Canada new C69 will drag out approval for resource projects by years.
It is not one policy that drives FDI, but many policies
FDI has left Canada for other jurisdiction due to taxes and regulatory processes - http://business.financialpost.com/commodities/energy/canadian-drillers-moving-rigs-south-to-chase-better-prospects-in-texas-oilfields
Canada personal taxation rates have been increased over the past few years.
China has seen tremendous growth since the 1990s as part of becoming the 2nd biggest economy in the world. China has many challenges to deal with including protecting environment through better environment policies as they relate to mining output, urban planning, forest, and land management.
1. China GDP - https://www.project-syndicate.org/commentary/why-is-china-gdp-growth-rate-falling-so-fast-by-shang-jin-wei-2021-11
2. Belt road - https://www.reuters.com/markets/europe/african-nations-mend-make-do-china-tightens-belt-road-2021-11-22/ or https://ca.finance.yahoo.com/news/1-china-meet-challenges-giant-130242556.html
3. China Manufacturing - https://www.sharecast.com/news/international-economic/chinas-manufacturing-output-retail-sales-strengthen--8554024.html
4. Mining - https://www.mining-technology.com/news/industry-news/iron-ore-price-plummets/
5. Housing - https://www.economist.com/finance-and-economics/2021/11/20/as-housing-costs-rocket-governments-take-aim-at-large-investors
6. Wealth - https://spainsnews.com/china-monopolizes-the-wealth-of-the-planet-but-shows-weaknesses-in-the-battle-for-world-economic-hegemony/
7. Critical metals - https://www.goodreturns.in/personal-finance/investment/10-most-precious-metals-in-the-world/articlecontent-pf25917-1230896.html
8. Lithium - https://www.mining.com/sqm-expects-lithium-prices-to-jump-50-before-year-end/
9. Batteries - https://www.autonews.com/manufacturing/ev-battery-boom-sparks-need-locally-sourced-metals
10. Climate Change - https://www.nature.com/articles/d41586-021-03491-6
11. Water - https://www.deccanherald.com/international/world-news-politics/china-could-be-preparing-for-water-war-in-asia-after-completing-serial-dams-in-tibet-1052487.html
12. Air quality https://www.aljazeera.com/news/2021/11/22/infographic-the-worlds-100-most-polluted-cities-interactive
13. Trade - https://panow.com/2021/11/16/canada-south-asian-bloc-to-begin-free-trade-talks-in-effort-to-diversify-from-china/
Summary:
Global economy continues to face many headwinds like new variants or climate change or supply chain disruption or labor shortages or housing costs or high inflation or other geopolitical, fiscal, and economic issues and threats.
1. Income inequality - https://www.theguardian.com/business/2021/dec/07/global-inequality-western-imperialism-super-rich
2. Global Trade - https://www.weforum.org/agenda/2021/12/globalization-world-trade-bounce-back-from-covid-19/
3. Global economy - https://www.cityam.com/outlook-2022-global-economy/
4. Budget deficits - https://www.thebalance.com/u-s-federal-budget-breakdown-3305789
5. Geopolitical risks - https://www.geopoliticalmonitor.com/
6. Labor shortages - https://www.qualtrics.com/blog/labor-shortages/
7. Digital adoption - https://www.fiercetelecom.com/telecom/report-digital-transformation-spending-will-catapult-to-6-8-trillion-by-2023
8. Mega Trends - https://www.ishares.com/us/insights/megatrends-themes-to-watch
9. HR - https://www.gartner.com/en/human-resources/trends/top-priorities-for-hr-leaders
10. Retail spending - https://www.fitchratings.com/research/corporate-finance/fitch-ratings-2022-outlook-us-retail-06-12-2021
Unions have a role to ensure they work with companies as part of the collective bargaining agreement
Unions have said little or nothing when it comes to policies that hinder Canada’s competitive position
CPC introduced oversight which was reversed by Trudeau and the Liberals - http://business.financialpost.com/opinion/trudeau-gives-big-labour-a-pass
IMAP closed 112 deals worth more than $14.7 billion during the first half of 2021. The strong rebound in market
activity that began in Q4 of 2020 carried over well into Q1 of this year and although the rate of deal making
returned to more normal pre-COVID levels in Q2, IMAP partners around the world have full pipelines and many
are expecting to have a record year. IMAP partners in North America and several European countries in particular
are experiencing the strongest market environment and most new deal flow in over a decade. In the first half
deals were closed across 14 different sectors, with Technology, Business Services, Healthcare, Industrials, and
Consumer Retail the most represented. Twenty-nine percent of IMAP deals were cross-border.
Geopolitical Events|COVID19|Canada and the World| March 4, 2022 paul young cpa, cga
Summary:
More and more countries are lifting vaccine mandates.
Supply chain continues to face many challenges.
Immune and gene therapy continue to explore at different ways to treat diseases.
Little has been said about the need for all levels of government to have better crisis and risk management policies and procedures.
Digital Dollar Strategy Paper Krach Touw (Public Version)Keith Krach
Digital Dollar Strategy
Rise of China Payment Networks and Digital Currencies. China’s emerging payment networks, together with its new digital currency, pose a greater long-term threat to U.S. national security interests globally than 5G, AI, or semiconductors, combined. If the United States acts now, it can counter China’s expansionary efforts to control emerging market money flows, and ultimately, global monetary flows. Policy and strategy recommendations are provided. In 2020, China also launched the world’s first Central Bank Digital Currency (CBDC) based on the renminbi (a “digital yuan”). China began research on its digital yuan in 2014.9 Although this effort is targeted at the M010 money supply, given its digital nature, it can eventually grow into M111 money supplies. Both Alipay and TenPay will support China’s digital yuan, making the renminbi the primary currency underpinning these Chinese-controlled payment networks.12 A digital yuan by itself would likely be confined to China, but together on growing payment networks outside of China, is a far greater threat to the U.S. dollar as the reserve currency.
U.S. policy and strategy recommendations:
1) Consider placing Tencent (TenPay and WeChat Pay) and Ant Group (Alipay) on the Entities List, requiring a license for any current or future U.S. technologies, particularly before Ant Group’s impending IPO,
2) BlockdownloadsofAlipayandWeChatPayintheUnitedStates(after careful interagency deliberations). The highly personal information that is required to be stored in Alipay and TenPay (WeChat Pay), makes TikTok look like child’s play
3)TheUnitedStatesshouldleadaconsortiumoftechnologypartnerstofasttrack the development of a better, more compelling alternative digital currency and payment network platform for developing economy central banks.
Cost of Living| The United States |Inflation| November 2021paul young cpa, cga
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent in November on a seasonally adjusted basis after rising 0.9 percent in October, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, all items index increased 6.8 percent before seasonal adjustment.
The monthly all item’s seasonally adjusted increase was the result of broad increases in most component indexes, like last month. The indexes for gasoline, shelter, food, used cars and trucks, and new vehicles were among the larger contributors. The energy index rose 3.5 percent in November as the gasoline index increased 6.1 percent and the other major energy component indexes also rose. The food index increased 0.7 percent as the index for food at home rose 0.8 percent.
Source - https://www.bls.gov/news.release/cpi.nr0.htm
1. Food costs – https://www.usatoday.com/story/news/politics/2021/12/08/inflation-food-prices-grocery-taxes/8800601002/?gnt-cfr=1
2. Ports - https://ca.movies.yahoo.com/analysis-shipping-costs-another-danger-060610387.html
3. Retail imports - https://chainstoreage.com/retail-imports-show-record-growth-despite-supply-chain-disruption
4. Inflation rate - https://www.cnbc.com/2021/12/10/consumer-price-index-november-2021.html
5. Lumber - https://markets.businessinsider.com/news/commodities/lumber-prices-above-1000-first-time-since-june-housing-commodities-2021-12
6. Housing - https://www.noradarealestate.com/blog/housing-market-predictions/
7. Cement - https://www.thedailystar.net/business/news/construction-costs-burdened-cement-price-rise-2081013
8. Shortages - https://www.canadiancontractor.ca/canadian-contractor/labour-shortages-are-back-with-a-vengeance-cfib/1003290924/
9. Skills gaps - https://hrmasia.com/australia-funds-a10-million-data-tool-to-plug-skills-gap/
10. 3D housing - https://www.lexology.com/library/detail.aspx?g=0d60c5f5-d6ba-4871-9ea5-9fe29b28d390
11. Inflation - https://www.nytimes.com/2021/12/09/business/economy/inflation-price-gains.htmln
Summary:
Retailers are hoping for a "positive" summer trade as the combination of easing COVID-19 restrictions and the Christmas shopping season promises good returns.
New data from Mastercard's Spending Pulse reveals that nationwide retail sales increased 4.2 per cent in October and are up 10.1 per cent on pre-pandemic levels in October 2019.
The research – which tracks both in-store and online purchases – found that states who weren't under harsh restrictions continued to record positive retail growth.
Source - https://www.9news.com.au/national/australia-retailers-looking-to-capitalise-on-booming-christmas-trade/28c083d1-8521-4638-899b-27a808fcaa1a
1. Consumer confidence - https://www.roymorgan.com/findings/8860-anz-roy-morgan-consumer-confidence-november-16-202111152327
2. Housing - https://www.news.com.au/finance/real-estate/nab-upgrades-2022-housing-price-predictions-anz-predicts-fall-in-2023/news-story/db142e089b50433eef4ffbbea5e3fa7d
3. Inflation - https://independentaustralia.net/politics/politics-display/inflation-worse-under-coalition-than-labor-contrary-to-morrisons-claims,15772
4. Supply chain - https://www.thedailystar.net/business/global-economy/news/world-leaders-seek-ways-strengthen-global-supply-chains-2211756
5. Industry 4.0 - https://www.aspistrategist.org.au/embracing-the-opportunities-of-industry-4-0-in-northern-australia/ or https://www.aspistrategist.org.au/embracing-the-opportunities-of-industry-4-0-in-northern-australia/
6. eCommerce - https://www.cmo.com.au/article/693282/shopping-reports-shows-ecommerce-boomed-aussie-consumers-miss-in-store-retail/
7. Retail innovation - https://retailbiz.com.au/offline-retailing/afterpay-unveils-edit-collection-store-of-the-future/
8. Robots - https://mobilerobotguide.com/2021/11/05/mobile-robots-deliver-big-benefits-for-retail-giant-kmart/
9. Data and AI - https://www.zdnet.com/article/australian-online-retailers-turn-to-ai-and-web-crawling-to-identify-unsafe-product-listings/
10. In-store innovation - https://www.retailbiz.com.au/offline-retailing/why-it-is-a-mistake-to-overlook-in-store-innovation/
11. Automation - https://ebizframe.com/retail-automation-the-best-time-to-automate-is-now/
Growth 2016
China GDP
China and India Growth
China Manufacturing Sector
Retail Sales
eCommerce
China Debt
Banking Sector
Taxation
Canada and China Trade
Summary:
Retail sales were up 2.1% to $57.2 billion in August, led by higher sales at food and beverage stores (+4.8%), gasoline stations (+3.8%), and clothing and clothing accessories stores (+3.9%).
Sales increased in 9 of 11 subsectors, representing 94.6% of retail trade.
Core retail sales—which exclude gasoline stations and motor vehicle and parts dealers—were up 2.7%.
In volume terms, retail sales increased 1.4% in August.
https://www150.statcan.gc.ca/n1/daily-quotidien/211022/dq211022a-eng.htm https://economics.bmo.com/en/publications/detail/966f8e75-adb4-492b-8c14-924733071bb7/
1. Food costs - https://o.canada.com/news/local-news/lower-income-families-most-likely-to-be-pinched-by-rising-food-prices-supply-chain-problems
2. Rising oil and gas prices - https://www.fraserinstitute.org/article/rising-oil-prices-wont-solve-canadas-oil-and-gas-problems
3. Rise of propane costs - https://granthshala.com/skyrocketing-propane-prices-could-mean-trouble-for-some-canadians-this-winter/
4. Inflation has hit a 20-year high - https://dailyhive.com/vancouver/canada-inflation-highest-decades-2021
5. Supply chain - https://ca.sports.yahoo.com/news/sector-grows-manufacturing-dented-supply-091509523.html?src=rss
6. Global inflation - https://ca.news.yahoo.com/absolutely-concern-around-the-globe-over-inflation-accenture-ceo-144813190.html
7. Jobs and climate change - https://www.nationalobserver.com/2021/10/21/news/more-880000-canadian-jobs-vulnerable-global-clean-energy-transition
8. Rent and Wage - https://retail-insider.com/retail-insider/2021/10/cfib/
9. Pandemic - https://thecanadian.news/2021/10/21/how-to-lead-the-retail-trade-in-pandemic/
10. Retail innovation - https://retailtechinnovationhub.com/home/2021/10/22/five-retail-technology-trends-from-digital-fitting-rooms-to-sustainable-shopping
Key industry and market indicators for august 2015 canada and north americapaul young cpa, cga
Key market and industry trends for Canada and rest of the world.
- CPI
- Trade
- Sales
- Trends
- Pricing
- Commodities
- Inflation
- Production volume
- Green Technology
Morneau “"I think Canadians will make their decisions based on those economic outcomes. I think people will see Andrew Scheer does not have a credible approach for the economy and our approach to the economy is actually working," he told reporters at an event at Toronto's Ryerson University. "There are obviously continuing challenges ... people in Alberta are facing a challenge around the changing oil and gas sector. Those issues are real. But what we're also seeing across the country is significantly more people employed.“ -Source - https://www.cbc.ca/news/politics/scheer-economic-address-energy-corridor-1.5138649
There many facets to the economy including how to bet get goods to market in environmentally sustainable way. The problem is the liberals never had the answers as you will see with this presentation as it focus on taxation, regulations, fdi, trade, environment, employment and innovation.
Unions have a role to ensure they work with companies as part of the collective bargaining agreement
Unions have said little or nothing when it comes to policies that hinder Canada’s competitive position
CPC introduced oversight which was reversed by Trudeau and the Liberals - http://business.financialpost.com/opinion/trudeau-gives-big-labour-a-pass
IMAP closed 112 deals worth more than $14.7 billion during the first half of 2021. The strong rebound in market
activity that began in Q4 of 2020 carried over well into Q1 of this year and although the rate of deal making
returned to more normal pre-COVID levels in Q2, IMAP partners around the world have full pipelines and many
are expecting to have a record year. IMAP partners in North America and several European countries in particular
are experiencing the strongest market environment and most new deal flow in over a decade. In the first half
deals were closed across 14 different sectors, with Technology, Business Services, Healthcare, Industrials, and
Consumer Retail the most represented. Twenty-nine percent of IMAP deals were cross-border.
Geopolitical Events|COVID19|Canada and the World| March 4, 2022 paul young cpa, cga
Summary:
More and more countries are lifting vaccine mandates.
Supply chain continues to face many challenges.
Immune and gene therapy continue to explore at different ways to treat diseases.
Little has been said about the need for all levels of government to have better crisis and risk management policies and procedures.
Digital Dollar Strategy Paper Krach Touw (Public Version)Keith Krach
Digital Dollar Strategy
Rise of China Payment Networks and Digital Currencies. China’s emerging payment networks, together with its new digital currency, pose a greater long-term threat to U.S. national security interests globally than 5G, AI, or semiconductors, combined. If the United States acts now, it can counter China’s expansionary efforts to control emerging market money flows, and ultimately, global monetary flows. Policy and strategy recommendations are provided. In 2020, China also launched the world’s first Central Bank Digital Currency (CBDC) based on the renminbi (a “digital yuan”). China began research on its digital yuan in 2014.9 Although this effort is targeted at the M010 money supply, given its digital nature, it can eventually grow into M111 money supplies. Both Alipay and TenPay will support China’s digital yuan, making the renminbi the primary currency underpinning these Chinese-controlled payment networks.12 A digital yuan by itself would likely be confined to China, but together on growing payment networks outside of China, is a far greater threat to the U.S. dollar as the reserve currency.
U.S. policy and strategy recommendations:
1) Consider placing Tencent (TenPay and WeChat Pay) and Ant Group (Alipay) on the Entities List, requiring a license for any current or future U.S. technologies, particularly before Ant Group’s impending IPO,
2) BlockdownloadsofAlipayandWeChatPayintheUnitedStates(after careful interagency deliberations). The highly personal information that is required to be stored in Alipay and TenPay (WeChat Pay), makes TikTok look like child’s play
3)TheUnitedStatesshouldleadaconsortiumoftechnologypartnerstofasttrack the development of a better, more compelling alternative digital currency and payment network platform for developing economy central banks.
Cost of Living| The United States |Inflation| November 2021paul young cpa, cga
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent in November on a seasonally adjusted basis after rising 0.9 percent in October, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, all items index increased 6.8 percent before seasonal adjustment.
The monthly all item’s seasonally adjusted increase was the result of broad increases in most component indexes, like last month. The indexes for gasoline, shelter, food, used cars and trucks, and new vehicles were among the larger contributors. The energy index rose 3.5 percent in November as the gasoline index increased 6.1 percent and the other major energy component indexes also rose. The food index increased 0.7 percent as the index for food at home rose 0.8 percent.
Source - https://www.bls.gov/news.release/cpi.nr0.htm
1. Food costs – https://www.usatoday.com/story/news/politics/2021/12/08/inflation-food-prices-grocery-taxes/8800601002/?gnt-cfr=1
2. Ports - https://ca.movies.yahoo.com/analysis-shipping-costs-another-danger-060610387.html
3. Retail imports - https://chainstoreage.com/retail-imports-show-record-growth-despite-supply-chain-disruption
4. Inflation rate - https://www.cnbc.com/2021/12/10/consumer-price-index-november-2021.html
5. Lumber - https://markets.businessinsider.com/news/commodities/lumber-prices-above-1000-first-time-since-june-housing-commodities-2021-12
6. Housing - https://www.noradarealestate.com/blog/housing-market-predictions/
7. Cement - https://www.thedailystar.net/business/news/construction-costs-burdened-cement-price-rise-2081013
8. Shortages - https://www.canadiancontractor.ca/canadian-contractor/labour-shortages-are-back-with-a-vengeance-cfib/1003290924/
9. Skills gaps - https://hrmasia.com/australia-funds-a10-million-data-tool-to-plug-skills-gap/
10. 3D housing - https://www.lexology.com/library/detail.aspx?g=0d60c5f5-d6ba-4871-9ea5-9fe29b28d390
11. Inflation - https://www.nytimes.com/2021/12/09/business/economy/inflation-price-gains.htmln
Summary:
Retailers are hoping for a "positive" summer trade as the combination of easing COVID-19 restrictions and the Christmas shopping season promises good returns.
New data from Mastercard's Spending Pulse reveals that nationwide retail sales increased 4.2 per cent in October and are up 10.1 per cent on pre-pandemic levels in October 2019.
The research – which tracks both in-store and online purchases – found that states who weren't under harsh restrictions continued to record positive retail growth.
Source - https://www.9news.com.au/national/australia-retailers-looking-to-capitalise-on-booming-christmas-trade/28c083d1-8521-4638-899b-27a808fcaa1a
1. Consumer confidence - https://www.roymorgan.com/findings/8860-anz-roy-morgan-consumer-confidence-november-16-202111152327
2. Housing - https://www.news.com.au/finance/real-estate/nab-upgrades-2022-housing-price-predictions-anz-predicts-fall-in-2023/news-story/db142e089b50433eef4ffbbea5e3fa7d
3. Inflation - https://independentaustralia.net/politics/politics-display/inflation-worse-under-coalition-than-labor-contrary-to-morrisons-claims,15772
4. Supply chain - https://www.thedailystar.net/business/global-economy/news/world-leaders-seek-ways-strengthen-global-supply-chains-2211756
5. Industry 4.0 - https://www.aspistrategist.org.au/embracing-the-opportunities-of-industry-4-0-in-northern-australia/ or https://www.aspistrategist.org.au/embracing-the-opportunities-of-industry-4-0-in-northern-australia/
6. eCommerce - https://www.cmo.com.au/article/693282/shopping-reports-shows-ecommerce-boomed-aussie-consumers-miss-in-store-retail/
7. Retail innovation - https://retailbiz.com.au/offline-retailing/afterpay-unveils-edit-collection-store-of-the-future/
8. Robots - https://mobilerobotguide.com/2021/11/05/mobile-robots-deliver-big-benefits-for-retail-giant-kmart/
9. Data and AI - https://www.zdnet.com/article/australian-online-retailers-turn-to-ai-and-web-crawling-to-identify-unsafe-product-listings/
10. In-store innovation - https://www.retailbiz.com.au/offline-retailing/why-it-is-a-mistake-to-overlook-in-store-innovation/
11. Automation - https://ebizframe.com/retail-automation-the-best-time-to-automate-is-now/
Growth 2016
China GDP
China and India Growth
China Manufacturing Sector
Retail Sales
eCommerce
China Debt
Banking Sector
Taxation
Canada and China Trade
Summary:
Retail sales were up 2.1% to $57.2 billion in August, led by higher sales at food and beverage stores (+4.8%), gasoline stations (+3.8%), and clothing and clothing accessories stores (+3.9%).
Sales increased in 9 of 11 subsectors, representing 94.6% of retail trade.
Core retail sales—which exclude gasoline stations and motor vehicle and parts dealers—were up 2.7%.
In volume terms, retail sales increased 1.4% in August.
https://www150.statcan.gc.ca/n1/daily-quotidien/211022/dq211022a-eng.htm https://economics.bmo.com/en/publications/detail/966f8e75-adb4-492b-8c14-924733071bb7/
1. Food costs - https://o.canada.com/news/local-news/lower-income-families-most-likely-to-be-pinched-by-rising-food-prices-supply-chain-problems
2. Rising oil and gas prices - https://www.fraserinstitute.org/article/rising-oil-prices-wont-solve-canadas-oil-and-gas-problems
3. Rise of propane costs - https://granthshala.com/skyrocketing-propane-prices-could-mean-trouble-for-some-canadians-this-winter/
4. Inflation has hit a 20-year high - https://dailyhive.com/vancouver/canada-inflation-highest-decades-2021
5. Supply chain - https://ca.sports.yahoo.com/news/sector-grows-manufacturing-dented-supply-091509523.html?src=rss
6. Global inflation - https://ca.news.yahoo.com/absolutely-concern-around-the-globe-over-inflation-accenture-ceo-144813190.html
7. Jobs and climate change - https://www.nationalobserver.com/2021/10/21/news/more-880000-canadian-jobs-vulnerable-global-clean-energy-transition
8. Rent and Wage - https://retail-insider.com/retail-insider/2021/10/cfib/
9. Pandemic - https://thecanadian.news/2021/10/21/how-to-lead-the-retail-trade-in-pandemic/
10. Retail innovation - https://retailtechinnovationhub.com/home/2021/10/22/five-retail-technology-trends-from-digital-fitting-rooms-to-sustainable-shopping
Key industry and market indicators for august 2015 canada and north americapaul young cpa, cga
Key market and industry trends for Canada and rest of the world.
- CPI
- Trade
- Sales
- Trends
- Pricing
- Commodities
- Inflation
- Production volume
- Green Technology
Morneau “"I think Canadians will make their decisions based on those economic outcomes. I think people will see Andrew Scheer does not have a credible approach for the economy and our approach to the economy is actually working," he told reporters at an event at Toronto's Ryerson University. "There are obviously continuing challenges ... people in Alberta are facing a challenge around the changing oil and gas sector. Those issues are real. But what we're also seeing across the country is significantly more people employed.“ -Source - https://www.cbc.ca/news/politics/scheer-economic-address-energy-corridor-1.5138649
There many facets to the economy including how to bet get goods to market in environmentally sustainable way. The problem is the liberals never had the answers as you will see with this presentation as it focus on taxation, regulations, fdi, trade, environment, employment and innovation.
Real GDP rose 3.0% in 2017, following 1.4% growth in 2016. Much of this growth was attributable to the first two quarters of 2017, with deceleration observed toward the end of the year.
Final domestic demand advanced 3.0% with steady growth throughout the year.
Household final consumption expenditure rose 3.5%, with increased outlays on goods (+3.9%) and services (+3.2%). Increased expenditures on insurance and financial services (+5.0%) and purchases of vehicles (+6.3%) were strong contributors to growth.
Business gross fixed capital formation rose 2.6%, following a 4.5% decline in 2016. Investment in machinery and equipment (+6.0%) and residential structures (+3.1%) both increased sharply. Investment in non-residential structures rose 0.3%, following two annual declines.
Also contributing to growth was business investment in inventories, up by $13.9 billion, of which $13.6 billion was in non-farm inventories. Manufacturers, wholesalers, and retailers all added to their stocks in each quarter.
Exports grew 1.0% for the second consecutive year, with gains in both goods (+0.6%) and services (+2.8%). Imports increased 3.6% after falling 1.0% in 2016.
Compensation of employees rose 3.9% (nominal terms), contributing to a 4.8% gain in household disposable income.
This was slightly faster than the growth in household final consumption expenditure (+4.6%), and the household saving rate consequently edged up to 3.6%.
The gross operating surplus of corporations increased 9.5% as earnings of both non-financial and financial corporations rose sharply.
Expressed at an annualized rate, real GDP rose 1.7% in the fourth quarter. In comparison, real GDP in the United States grew 2.5%.
Canada has struggle for the past few years with attracting key FDI, especially in areas like natural resources development.
Canada has also struggle with how to best approach innovation. The so-called job clusters have failed to achieve the desired outcome. More needs to be done to better support innovation across Canada.
The public sector payroll continues to grow. The size of government is becoming a enormous issues for many countries, especially in areas like value for money, improving outcomes, and tax fairness.
1. In demand skills - https://www.analyticssteps.com/blogs/most-demand-technologies-2022
2. BI - https://www.analyticsinsight.net/top-business-intelligence-trends-and-predictions-for-2022/
3. Top AI - https://www.simplilearn.com/tutorials/artificial-intelligence-tutorial/artificial-intelligence-applications
4. Switzerland continues to dominate the world in terms of innovation - https://www.iamsterdam.com/en/business/news-and-insights/news/2021/the-netherlands-ranks-sixth-in-global-innovation-index-2021
5. Sustainable - https://behrtech.com/blog/iot-and-sustainability-7-applications-for-a-greener-planet/
6. Sustainable - https://energywatch-inc.com/sustainability-trends-2021-2022/
7. Report Canada - https://www.conferenceboard.ca/focus-areas/innovation-technology/innovation-report-card
8. FDI - https://betakit.com/canadian-municipal-regions-call-on-federal-government-for-more-support-for-foreign-direct-investment-program/
9. Job vacancies - https://www150.statcan.gc.ca/n1/daily-quotidien/210921/dq210921a-eng.htm
10. Skills gap - https://www.dashe.com/blog/unraveling-digital-skills-gaps-in-the-modern-workplace
Bank of Canada - What is next for Monetary Policies - April 2022 (Revised Mar...paul young cpa, cga
Canada inflation rate hit nearly 7% for March 2022. Canada has one of the highest inflation rates in the G7.
Higher interest rates mean less cash for retail sales
Government continues to push their green agenda driving more green inflation
2015 Election Promise - Liberal Party of Canada – Goods to Market – Canada – ...paul young cpa, cga
Canada is export driven country. Canada exports about 25% of its GDP. Canada needs access to market.
For each $1B of exports lead to 5,500 jobs. The exports driven jobs tends to pay 30-50% more than the service sector.
1. Global Inflation - https://www.vox.com/2021/11/24/22799217/global-inflation-us-eu-germany-uk or Inflation has risen around the world, but the U.S. has seen one of the biggest increases - https://www.pewresearch.org/fact-tank/2021/11/24/inflation-has-risen-around-the-world-but-the-u-s-has-seen-one-of-the-biggest-increases/
2. GDP risk - https://www.globaldata.com/globaldata-revises-china-gdp-growth-back-sluggish-real-estate-activity-coal-shortages/
3. New variants - https://www.bbc.com/news/world-59442129
4. Housing - https://blackburnnews.com/windsor/windsor-news/2021/11/26/ontario-invites-mayors-housing-summit/
5. Stock Market - https://finance.yahoo.com/news/stock-market-news-live-updates-november-26-2021-125443465.html
6. ESG - https://sustainablebiz.ca/newsletter/sustainable-biz-canada-november-26-2021/
7. Geopolitical Risks - https://www.geopoliticalmonitor.com/section/situation-reports/
8. Debt - https://www.almendron.com/tribuna/is-sovereign-debt-impeding-africas-covid-19-recovery/
9. Circular economy - https://www.engineeringnews.co.za/article/csirs-initial-circular-economy-study-shows-potential-to-create-economy-wide-value-2021-11-26
10. Automation - https://www.helpnetsecurity.com/2021/11/26/investments-automation/
Summary:
U.S. equities were lower at the close on Friday, as losses in the Consumer Services, Basic Materials and Technology sectors propelled shares lower.
At the close in NYSE, the Dow Jones Industrial Average lost 1.30% to hit a new 1-month low, while the S&P 500 index declined 1.89%, and the NASDAQ Composite index declined 2.72%
Source - https://ca.investing.com/news/stock-market-news/us-shares-lower-at-close-of-trade-dow-jones-industrial-average-down-130-2625165
1. Stock Market closing - https://www.barrons.com/articles/stock-market-today-51642761802
2. Commodity Index - https://www.fxempire.com/forecasts/article/precious-metals-defying-rising-real-yields-873954
3. Oil and GDP - https://www.woodmac.com/press-releases/the-economic-impact-of-an-accelerated-energy-transition/
4. Geopolitical - https://ca.news.yahoo.com/oil-geopolitical-risks-elevated-prices-210522544.html
5. Canadian Debt - https://www.reuters.com/article/canada-forex/canada-fx-debt-canadian-dollar-gives-back-weekly-gain-on-rising-risk-aversion-idUKL1N2U125H
6. Debt - https://www.bnnbloomberg.ca/debt-strapped-canadians-brace-for-a-risky-rate-hiking-cycle-1.1711107
7. ESG - https://sustainabilitymag.com/esg/how-your-company-esg-goals-can-help-digital-inclusion
8. FDI - https://www.investmentmonitor.ai/analysis/forgotten-capital-cities-investment-ottawa-ankara-jerusalem
9. Tech supremacy - https://asia.nikkei.com/Spotlight/DealStreetAsia/China-s-state-linked-investors-backed-30-of-top-startup-deals
10. IPO - https://www.marketwatch.com/(S(o54cffqhipqemynavg0qd455))/topics/subjects/ipo
Construction is a key part of GDP for Canada. The key will be how all levels of government work with the private sector to support economic development and affordable housing.
Summary:
Canada’s economic expansion showed signs of moderation in May and June, pulling back from a strong start to the year in the face of high inflation and rising interest rates.
Output in June was on track for a small increase of 0.1 per cent after stalling in May, Statistics Canada said on Friday. That follows three months of strong growth between February and April that helped fuel a robust expansion in the second quarter, which the agency estimated at about 4.6 per cent annualized.
The results show a picture of an economy that was unscathed from the global slowdown in the first part of the year but may be entering a period of much slower growth.
The Bank of Canada has raised its benchmark policy rate by more than two percentage points since March to slow four-decade high inflation, and is expected to continue hiking by at least another half-percentage point at its next policy decision in September
Source - https://www.bnnbloomberg.ca/canada-s-economy-stalled-in-may-1.1798830
What is next for the Stock Market for the W/E January 7, 2022paul young cpa, cga
Stock Markets
Markets around the world remain jittery due to many factors like high inflation, increase case counts from omicron, global trade protectionism, and other geopolitical events.
The markets could see slower growth in 2022 in the range of 5-6%. Slower market growth will have an impact on pension funds and other assets holdings.
1. Stock Market - https://www.investors.com/news/economy/jobs-report-soft-hiring-but-unemployment-rate-dives-dow-jones-futures-fall/
2. Geopolitical risks - https://www.ausbiz.com.au/media/the-top-three-geopolitical-risks-for-2022?videoId=18420
3. USA build back better - https://www.economy.com/economicview/analysis/387186
4. Insurance - https://www.canadianunderwriter.ca/insurance/insurance-isnt-enough-governments-need-to-do-better-on-natural-disaster-resilience-1004216098/
5. ESG - https://www.mondaq.com/unitedstates/securities/1148324/paper-debunks-seven-myths-of-esg
6. GDP risk - https://www.bloomberg.com/news/articles/2022-01-07/india-on-track-to-post-world-beating-growth-amid-virus-risks
7. Inflation - https://www.bloomberg.com/news/newsletters/2022-01-07/what-s-happening-in-the-world-economy-the-inflation-shock-may-be-slowing
8. Climate change and viruses - https://blogs.timesofisrael.com/we-will-beat-neither-covid-nor-climate-change-on-our-own/
9. China - https://thehill.com/opinion/international/588783-the-china-tightrope-and-other-trade-developments-that-will-define-2022
10. Commodity Price Risk - https://thehill.com/opinion/international/588783-the-china-tightrope-and-other-trade-developments-that-will-define-2022
Canada's economy gained a net 39,800 jobs in May, entirely in full-time work, Statistics Canada said on Friday. The jobless rate edged down to 5.1%, a new record low.
Employment in the goods producing sector fell by a net 41,200 jobs, mostly in manufacturing. The services sector grew by a net 80,900 positions, mostly in wholesale and retail trade, as well as educational services.
Source - https://ca.finance.yahoo.com/news/instant-view-canada-gains-39-125410600.html
Employment rose by 0.3% in November, following an increase of 0.5% in October. From May to September, employment grew by an average of 2.7% per month.
Full-time employment rose by 99,000 in November, while part-time work was little changed.
Among those who worked at least half of their usual hours, 4.6 million worked from home in November.
Growth in self-employment stalled in November and compared to public sector and private sector employees, employment in this group remained furthest from the February pre-COVID level (-4.7%; -136,000).
Total hours worked rose by 1.2% in November. Since May, total hours worked has recovered steadily as the initial COVID-19 economic shutdown has given way to more limited and targeted public health measures.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/201204/dq201204a-eng.htm
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
Similar to Technology Market| Canada and the World| February 2019 (20)
Global Housing Market Analysis and Commentary- September 2023.pptxpaul young cpa, cga
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptxpaul young cpa, cga
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
Electricity Analysis - Canada and the OECD - June 2023.pptxpaul young cpa, cga
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Stock Market Analysis and Commentary for WE September 9 2023.pptxpaul young cpa, cga
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...paul young cpa, cga
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptxpaul young cpa, cga
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
NO1 Uk Rohani Baba In Karachi Bangali Baba Karachi Online Amil Baba WorldWide...Amil baba
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what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
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Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
2. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4, MU1 and MS2)
• SME – Risk Management
• SME – Emerging Technology
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Cost to Serve modeling
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. OVERVIEW
• 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
4. AGENDA
• Sluggish Growth
• Top 7 – Amazing Technology / 2017
• Top Technologies for 2019
• Top 25 fastest growing companies
• Key characteristics of fastest growing companies
• What can be done to support up and coming companies
• Blog – Trudeau and Technology
• Blog – Clean Technology
5. TOP 7 AMAZING TECHNOLOGY
1. 2019 Robotics usage is estimate to be $115B or about 18% increase -
https://www.roboticsbusinessreview.com/manufacturing/global-spending-on-robots-drones-to-top-
115b-in-2019-says-idc/
2. IoT/Sensors market - IoT Sensors Market was valued at USD 5,050.0 million in 2017 and is expected to
reach USD 22,150.0 million in 2025, growing at a healthy CAGR of 32.9% for the forecast period of
2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of
calculation is 2017 and the forecast period is 2018 to 2025. – Source - https://journalbitcoin.com/iot-
sensors-market-2019-2025-emerging-market-trends-size-share-and-growth-analysis/
3. 3-D Medical Implants –According to the report, global 3D printing medical devices market was valued
at approximately USD 0.89 billion in 2017 and is expected to generate revenue of around USD 2.34
billion by the end of 2024, growing at a CAGR of around 18% between 2018 and 2024. Source -
https://globenewswire.com/news-release/2018/07/18/1538822/0/en/Global-3D-Printing-Medical-
Devices-Market-Will-Reach-USD-2-34-Billion-by-2024-Zion-Market-Research.html
4. UN – Basic Right / Internet Access - https://www.techzim.co.zw/2019/01/internet-access-is-a-human-
right-united-nations-report/
5. Car Sharing - MRS Research Group added Market Research has published a new report titled Global
Car-Sharing market was estimated at USD million in 2018 and expected to reach USD million by the
end of 2025, growing at a CAGR of between 2018 and 2025. – Source -
https://globenewswire.com/news-release/2019/01/15/1691561/0/en/Global-Car-Sharing-Market-
2018-is-Set-to-be-a-Billion-Dollar-Industry-by-2025-According-to-Market-Forecasts-MRS-Research-
Group.html
6. Phone implants – Wearable devices - https://www.dr-hempel-network.com/digital-health-
technolgy/implantable-wearables-in-healthcare/
7. AI / Manufacturing - The AI in manufacturing market is expected to grow from USD 1.0 billion in 2018
to USD 17.2 billion by 2025, at a CAGR of 49.5% - Source - https://www.prnewswire.com/news-
releases/the-ai-in-manufacturing-market-is-expected-to-grow-from-usd-1-0-billion-in-2018-to-usd-
17-2-billion-by-2025--at-a-cagr-of-49-5-300785186.html
7. TOP TECHNOLOGY FOR 2019
Source - https://www.simplilearn.com/top-technology-trends-and-jobs-article
Technology Canada Rest of the World
Artificial Intelligent Cdn busineses are struggling with adopting AI -
https://www2.deloitte.com/ca/en/pages/press-releases/articles/ai-
adoption-among-canadian-businesses-stagnant.html
Asia and EU dominate the adoption
http://strategyonline.ca/2018/09/20/how-canadian-companies-rank-on-ai-
adoption/
Machine Learning Machine Learning adoption has been slowed in Canada
https://business.financialpost.com/technology/canada-risks-losing-
its-artificial-intelligence-edge-as-adoption-lags-and-the-tech-goes-
mainstream
Machine learning adoption is world-wide issue as there is lack of skill -
https://www.information-age.com/machine-learning-adoption-123477194/
Robotic Process
Automation or RPA
Canadian businesses have been adopting robotic technology -
http://www.digcompass.ca/intelligent-industrialization-the-next-
wave/mapping-canadas-industrial-automation-industry/
Asia and EU have adopted robotic/automation for many years.
https://www.scottautomation.com/news/articles/robotic-boom-will-bring-1-
3-million-robots-by-2018/
Blockchain Canada is leading in development of block chain -
https://cointelegraph.com/news/why-canada-has-emerged-as-a-
leading-blockchain-and-crypto-nation-expert-take
Blockchain is expanding globally - https://irishtechnews.ie/global-blockchain-
adoption-which-countries-are-leading-the-charge/
Edge Computing More and more Cdn businesses are adopting edge computing -
https://www.itbusiness.ca/slideshows/what-does-2019-have-in-
store-for-canadian-enterprises
Market continues to grow https://www.grandviewresearch.com/industry-
analysis/edge-computing-market
Virtual Reality and
Augmented Reality
Cdn businesses have been slow to adopt AR -
https://www.statista.com/statistics/866903/canada-augmented-
virtual-reality-market-size/
Global market continues to see growth -
https://www.marketwatch.com/press-release/virtual-and-augmented-
reality-market-is-set-to-grow-us-117-billion-by-2022-2019-01-03
Cybersecurity Canada can do more to support cybersecurity -
https://www.itworldcanada.com/article/cyber-security-predictions-
roundup-for-2019/413245
Global Market continues to see growth -
https://www.businesswire.com/news/home/20181221005269/en/Global-
Cyber-Security-Market-2024-Increase-E-commerce
Internet of Things More can be done -
https://business.financialpost.com/investing/five-canadian-iot-
stocks-flying-under-the-radar
There has been a slow adoption around the world -
https://www.prnewswire.com/news-releases/iot-growing-in-importance-
but-enterprise-adoption-lags-pace-of-development-says-isg-research-
300625588.html
9. CHARACTERISTICS OF FAST GROWING COMPANIES
• Take on the world (exports)
• Export Development Corporation
• Leveraging Trade and Investment deals (FIPA)
• Embrace transparency
• Motivating employees to succeed
• Stock Options
• Compensation
• Empowering collaboration
• Become a skills factor
• Continue to develop key skills that will drive performance (IT, Supply Chain, Pragmatic Marketing, etc.)
• Cultivate resilience
• Those that adjust to changes survive prosper and those that do not are gone
• Build with a big mind
• Constantly review business processes to ensure efficiency, controls and effectiveness are enforced.
10. SMALL BUSINESS TAX CHANGES
Source - http://www.bnn.ca/rosenberg-proposed-small-business-tax-changes-make-no-sense-1.860591
The federal government’s proposed changes to taxes for private corporations “make no sense” and will
increase the chances of a Canadian recession, according to Gluskin Sheff Chief Economist David
Rosenberg.
“The consequences of these proposals are going to be very far reaching,” the influential economist told BNN
in an interview Tuesday. “We are going to add on another layer of complexity to the Canadian economy right
now with these tax changes -- that makes absolutely no sense to me, whatsoever.”
Despite the recent strength of Canada’s economy, Rosenberg says the outlook for Canada remains
precarious as the economy braces for the impact of a rising loonie, a housing slowdown and continued
uncertainty about the future of the North American Free Trade Agreement.
“The risk of a recession is obviously heightened by these tax changes,” he said.
On top of that, small businesses in Ontario have already absorbed higher provincial taxes and could soon
face a 30 percent hike in the minimum wage and rising electricity rates. The circumstances are eerily similar
to the early 1990s when Ottawa brought in the controversial Goods and Services Tax that pushed Canada’s
economy into a recession, Rosenberg said.
11. CANADA AND IT HUB
Source - https://techcrunch.com/2017/04/20/canada-is-north-americas-up-and-coming-startup-center/
And it’s no surprise that startups excel in the country. Sure, there
is less access to VC funding and the persuasive call of Canada’s
southern neighbor, but the Canadian government is working hard
to build and keep successful startup ecosystems. There is a
huge selection of government aid available to small businesses,
some of which includes grants that don’t have to be paid back.
Alongside substantial government backing is Canada’s array of
world-class universities. The University of Waterloo —
increasingly known as Canada’s answer to MIT — sees
incredible numbers go to Silicon Valley every year, while others
all over the country produce thousands of talented grads.
While eventually losing out to Colombia, Canada was shortlisted
as country of the year by The Economist in 2016. The United
States’ northern neighbor boasts world-class universities and
resources to develop talent and, currently, the Canadian dollar is
0.75 cents to the American dollar. This means a highly educated
workforce is available for less capital for entrepreneurs all over
the world who are ready and willing to make the leap to Canada
• Government innovation funds -
https://www.slideshare.net/paulyoungcga
/federal-government-programs-to-
support-innovation-and-business
• CPC continue on the commitment started
by Paul Martin in terms of innovation
Funds -
http://www.ottawalife.com/article/innova
tion-in-canadas-science-and-technology-
sector-prime-minister-stephen-harpers-
new-strategy
• IBM and Federal Government -
https://beta.theglobeandmail.com/news/
politics/ottawa-reveals-details-of-15-
billion-fund-for-science-
strategy/article21957502/?ref=http://ww
w.theglobeandmail.com&
• Incubation centers – Key Areas
• Waterloo, Markham, Quebec City,
Montreal, Kingston, Vancouver and
Ottawa
12. JUSTIN TRUDEAU / TECHNOLOGY
• https://www.cp24.com/news/trudeau-looks-to-lure-tech-talent-capital-north-in-san-francisco-visit-1.3794557
• Why would capital come to Canada from the Tech Belt?
Here are the issues when it comes to business investment:
• Carbon Tax – Prices continues to rise as impact of carbon pricing works itself through the economy - https://www.bnn.ca/awash-in-red-ink-canadian-clean-tech-
struggling-despite-ottawa-s-green-goals-1.729679 or https://www.youtube.com/watch?v=0jIrmGIh1Lc&t=2s
• Small Business - https://globalnews.ca/news/3741638/canadian-tech-ottawa-trudeau-small-business-taxes/ (KW is home to Chagger’s riding)
• Canada already has vibrant technology market for decades - https://www.thestar.com/business/2016/07/25/canadas-high-tech-bigger-than-thought-report-
finds.html. It was previous government policies from both Martin and Harper that supported growth
• Tech companies are concern with government possibly making changes to stock options - http://www.cbc.ca/news/business/stock-option-deduction-tax-rate-
1.4030442. Liberals have a spending problem as such they now have a structural deficit - https://www.slideshare.net/paulyoungcga/fiscal-management-canada-
debt-to-gdp-and-surpluses-deficits-december-2017
• Trudeau has been handing out innovation moneys - https://www.fin.gc.ca/fiscmon-revfin/2017-11-eng.asp (The government has bump up grants by close to
$400M). The problem is that innovation takes time to go from incubation to commercialization
• Technology continues to advance in areas like AI, vertical farming, etc. Canada plays part in many of those areas - https://www.slideshare.net/paulyoungcga/top-
technology-trends-for-2018
• It is not one policy that attracts business investment. The problem is Canada is less competitive today than it was back in 2015 -
https://www.slideshare.net/paulyoungcga/competitiveness-canada-vs-other-countries-january-2018
• Trudeau seems more happy with photo ops and selfies than actually dealing with issues facing Canadians like Kinder Morgan -
http://www.timescolonist.com/news/local/horgan-rejects-retaliation-for-alberta-s-wine-ban-1.23167977
• Canada has had innovation areas for many years. There has been many business parks created that are align with colleges and university -
https://dailynews.mcmaster.ca/article/mcmaster-and-hamilton-startup-incubator-celebrates-third-anniversary/
• Canada already had many innovation funds created by previous governments - https://www.slideshare.net/paulyoungcga/federal-goverment-canada-innovation-
investment
13. BLOG – CLEAN TECHNOLOGY
There was $204M increase in Mfg. sales for September 2017 as compare to
August 2017. The main leaders have been coal and Oil. Are coal and oil not
targets for McKenna? https://ca.reuters.com/article/topNews/idCAKBN1DG1X2-
OCATP
McKenna https://www.thestar.com/news/canada/2017/11/13/environment-
minister-catherine-mckenna-uses-twitter-to-protest-pro-coal-event-at-cop23.html
“While the event was underway, McKenna staged her own protest of sorts
on Twitter, using her account to promote alternatives such as solar power
and suggest that phasing-out coal is a massive opportunity for innovation.
Later this week, McKenna and British climate minister Claire Perry are to
launch an alliance to get the rest of the world to sign a pledge to move away
from coal. (FYI – Where is the discussion on cost to attract raw materials
like vanadium or aluminum or lithium or rare metals? Where is discussion
that coal is used to make steel? Where is the discussion that you have
mined=>Refined=>Fabricate=>Ship=>Install?
https://www.slideshare.net/paulyoungcga/clean-technology-raw-
materials-and-clean-products-canada-november-2017
I guess McKenna must have slept through both economics and accounting
courses or she would see businesses need to be viable:
http://www.bnn.ca/awash-in-red-ink-canadian-clean-tech-struggling-despite-
ottawa-s-green-goals-1.729679
15. WHAT CAN BE DONE?
• Taxation Policies
• Reducing the small business corporate tax to 9%
• No new taxes like ORPP or Cap and Trade
• Hydro Policies
• Capping the rise in hydro rates
• Trade/Investment
• More Free Trade Deals including FIPA
• Skills development
• Working with colleges and university as part building the skills required to support next generation of jobs
• Access to capital
• Bridge funding
• More innovation Centers (Partnerships between Colleges/University, all levels of government and private sector
16. OTHER SOURCES:
• Innovation Funds - https://www.slideshare.net/paulyoungcga/federal-government-programs-to-
support-innovation-and-business
• Federal Government and Innovation - https://www.slideshare.net/paulyoungcga/federal-goverment-
canada-innovation-investment
• Clean Technology - https://www.slideshare.net/paulyoungcga/world-needs-to-clean-up-its-act-as-it-
relates-to-the-environment-march-2017 or https://www.slideshare.net/paulyoungcga/government-
policy-clean-and-green-technology-canada