This document provides an agenda and overview for a presentation on guarantee income, welfare, and employment insurance programs in Canada. It discusses definitions of guaranteed minimum income and estimates the potential costs. It also covers details of existing programs like EI, comparisons to other jurisdictions that tested basic income programs, and arguments for and against extending pandemic benefits long-term. Key issues addressed include job quality, wage growth, government spending on social services, and ensuring economic and social programs adapt to future challenges.
More op-eds by CBC as an attempt to show @justintrudeau managing of the financing is on par with Harper
• Trudeau has increase overall spending from year over year average was 6.7% as compare to Harper’s 3.8%
• Trudeau took $1B surplus and turned it into $18B deficit
• Trudeau decided to slash the AG performance management audits, why?
• Trudeau has a made a mess of every file including immigration - https://torontosun.com/news/national/illegal-border-processing-costs-alone-to-exceed-1-billion-pbo-report
• Trudeau’s policies are more about votes than sound policies. The tax cut did little when you factor in Trudeau eliminated income tax splitting, boutique tax credits and hiked CPP - https://www.thechronicleherald.ca/news/canada/for-millennials-in-canada-the-middle-class-dream-slips-a-little-further-away-oecd-300708/ or https://www.slideshare.net/paulyoungcga/2019-election-middle-class-canada-june-2019
• Trudeau’s policies have made Canada less competitive - https://www.slideshare.net/paulyoungcga/2019-election-canada-and-global-competitiveness-may-2019
• You cannot not just look at GDP ratios. You also need to look at outcomes along with expense growth year over year in relation to Taxation and GDP growth - https://www.slideshare.net/paulyoungcga/2019-election-gdp-and-economy-canada
• Trudeau’s policies have support only 10% increase in goods producing sector jobs. Goods producing sector jobs pay on average 40% more than service sector jobs. - https://www.slideshare.net/paulyoungcga/2019-election-employment-market-canada-may-2019
More op-eds by CBC as an attempt to show @justintrudeau managing of the financing is on par with Harper
• Trudeau has increase overall spending from year over year average was 6.7% as compare to Harper’s 3.8%
• Trudeau took $1B surplus and turned it into $18B deficit
• Trudeau decided to slash the AG performance management audits, why?
• Trudeau has a made a mess of every file including immigration - https://torontosun.com/news/national/illegal-border-processing-costs-alone-to-exceed-1-billion-pbo-report
• Trudeau’s policies are more about votes than sound policies. The tax cut did little when you factor in Trudeau eliminated income tax splitting, boutique tax credits and hiked CPP - https://www.thechronicleherald.ca/news/canada/for-millennials-in-canada-the-middle-class-dream-slips-a-little-further-away-oecd-300708/ or https://www.slideshare.net/paulyoungcga/2019-election-middle-class-canada-june-2019
• Trudeau’s policies have made Canada less competitive - https://www.slideshare.net/paulyoungcga/2019-election-canada-and-global-competitiveness-may-2019
• You cannot not just look at GDP ratios. You also need to look at outcomes along with expense growth year over year in relation to Taxation and GDP growth - https://www.slideshare.net/paulyoungcga/2019-election-gdp-and-economy-canada
• Trudeau’s policies have support only 10% increase in goods producing sector jobs. Goods producing sector jobs pay on average 40% more than service sector jobs. - https://www.slideshare.net/paulyoungcga/2019-election-employment-market-canada-may-2019
Many people are confused how money flows from your wallet to social programs. Each level of government has different taxation programs that hit your wallet different ways
It is important to understand there is only one taxpayers and that is you
You cannot tax people to prosperity
Canada does a very good job of wealth distribution
Too many governments do not look at value for money when it comes to delivering program spending.
All politicians will promise the world, but in fact can deliver very little due fiscal restraints
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
Trudeau foundation - Analysis and Commentary - November 26, 2016paul young cpa, cga
Here is a presentation on the Trudeau Fondation. The presentation will look at funding as well as the role of the fondation to help scholastic students around the globe
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.
Justin Trudeau made many promises back in 2015 including being open, transparent, and accountable. This presentation looks at many areas of policy. The readers of this report can make their own decisions on whether Trudeau has been open, transparent, and accountable to Canadians.
1. Trade protectionism - https://torontosun.com/opinion/editorials/editorial-bidens-buy-american-policies-hurting-canada
2. Climate Change - https://www.cbc.ca/news/politics/environment-commissioner-report-failure-to-failure-1.6262523
3. Benefits - https://nationalpost.com/news/politics/some-cerb-recipients-set-to-get-notices-that-they-owe-feds-some-of-the-aid?r
4. Wage growth - https://financialpost.com/news/economy/immigrant-influx-is-stunting-wage-growth-in-canadian-recovery
5. GDP - https://economics.td.com/ca-weekly-bottom-line
6. Housing - https://www.bnnbloomberg.ca/it-s-like-gamestop-mortgage-expert-on-risk-of-housing-correction-1.1687056
7. Canada lags many states in oil and gas development - https://www.fraserinstitute.org/studies/canada-us-energy-sector-competitiveness-survey-2021
8. Streaming = https://ca.finance.yahoo.com/news/media-experts-agree-action-needed-110000640.html
9. Skills gaps - https://financialpost.com/sponsored/business-sponsored/building-the-future-of-continuing-education
10. Deficit - https://www.theglobeandmail.com/politics/article-report-says-federal-deficit-stood-at-686b-halfway-through-fiscal-year/ or https://www.advisor.ca/news/economic/federal-deficit-hits-nearly-69b-over-first-half-of-fiscal-year/
There has been little discussion of a economic road map as part of the managing COVID19. The economy has many parts to it as such govt needs to come up with fiscal and economic road map as part moving Canada through the COVID19 crisis.
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.
NDP is a good party to keep government honest, but to lead that would be a big mistake. NDP's policies of keeping goods in the ground, higher taxes for business and handouts are a recipe for economic and fiscal ruin.
Alberta has no path to balance budget
Alberta’s debt service costs are now close to $2B/year
Alberta using the same failed model as Ontario when incomes to funding clean technology
AB new jobs have been public sector and not private sector.
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
Blog – Cost of Living – Canada – March 2021
1. Carbon tax and gasoline - https://www.reddeeradvocate.com/news/expect-higher-gasoline-prices-after-carbon-tax-hike/
2. Canada housing prices are the most overvalued within the G7 - https://betterdwelling.com/canadian-estate-prices-are-the-most-overvalued-in-the-g7-shows-another-indicator/
3. Commodity prices - https://www.bnnbloomberg.ca/commodities/video/meat-vegetables-and-bakery-items-drive-food-inflation-rate-higher-in-2021-charlebois~2095759
4. Lumber prices - https://www.woodbusiness.ca/mwc-2021-no-relief-in-sight-for-high-lumber-prices-tight-supply-but-future-is-bright/
5. USA consumer prices hit 8 ½ high - https://www.woodbusiness.ca/mwc-2021-no-relief-in-sight-for-high-lumber-prices-tight-supply-but-future-is-bright/
6. Natural gas and hydro - https://oilprice.com/Energy/Natural-Gas/Why-Natural-Gas-Wont-Be-Replaced-Anytime-Soon.html
7. Freight index - https://www.logisticsmgmt.com/article/march_cass_freight_index_report_trends_up_for_shipments_and_expenditures
8. Threat of inflation - https://www.marketwatch.com/story/economists-says-inflation-risks-are-highest-in-20-years-and-could-force-fed-to-raise-interest-rates-by-2022-11616426962
9. 60% of Cdns worried about inflation - https://www.bnnbloomberg.ca/60-of-canadians-worried-about-inflation-in-2021-cibc-1.1541942Morneau-Shepell predicts average wage growth of only 1.9% for 2021 which likely will be less than inflation - National data broken down by province shows an overall actual average base salary increase including freezes of 1.6% for 2020 and a projected average base salary increase of 1.9% 2021.
This presentation will look the work Conservative Party of Canada under Prime Minster Stephen Harper.
The presentation will focus on government spending, taxation, middle class, GDP, Labour Market and other areas
Fiscal support / Economy
The IMF said that fiscal policy should stay in place to support vulnerable households and firms until recovery takes hold and even then, many low-income countries will need additional assistance through grants, concessional financing, longer suspensions of debt service and in some cases, debt restructurings.
It also called for fiscal policy to "enable a green, digital and inclusive transformation." This includes investments in health systems, job training and hiring subsidies, promoting greater tax fairness, and cutting wasteful spending.
https://www.thechronicleherald.ca/business/reuters/imf-says-fiscal-support-needed-until-recovery-takes-hold-546056/
Blog – Failure of Trudeanomics
1. Cost of living continues to rise - @JustinTrudeau keeps finding ways to tax people. Trudeau policies are not making things more affordable unless you are friends of the LPC! https://www.slideshare.net/paulyoungcga/cost-of-living-canada-february-2021
2. Housing bubble - https://www.mortgagebrokernews.ca/news/how-likely-is-a-canada-housing-crash-354545.aspx
3. Canada had 15B+ deficit with slower growth before COVID19 - https://ipolitics.ca/2021/03/31/pbo-projects-363-4b-federal-deficit-faster-economic-recovery/
4. Failure to safeguard assets and Canadians - https://www.oag-bvg.gc.ca/internet/English/att__e_43789.html
5. Canada competitiveness slipping - https://www.theguardian.pe.ca/opinion/local-perspectives/kevin-lynch-paul-deegan-atlantic-canada-not-keeping-up-with-the-global-competition-571328/
6. Potential structural issues with unemployment - https://www150.statcan.gc.ca/n1/daily-quotidien/210312/dq210312a-eng.htm
7. Trudeau promised open and transparent government which did not happen
8. Trudeau green reset is also a mistake as internal reports have shown issues with his subsidies program –
Few green energy projects are viable without subsidies, says an internal report at the Department of Natural Resources. Auditors called it a market failure: “Analysis of the financial information was revealing.”
https://www.blacklocks.ca/green-power-subsidy-fueled/
I support green technology if it is viable without direct subsidies.
https://www.slideshare.net/paulyoungcga/protecting-the-environment-through-proper-balance-between-economic-and-economic-policies (3/21)
https://www.slideshare.net/paulyoungcga/2019-election-direct-and-indirect-subsidies-to-businesses-august-2019 (Business subsidies are corporate welfare but gets ignored when these subsidies go to clean technology companies
Answers are with how you better manage the circular economy - https://www.slideshare.net/paulyoungcga/how-to-maximized-the-circular-economy-244067365
9. Slow growth
GDP was running 1.6% at the end of 2019 which is down nearly 40% from 2017.
GDP was in trouble pre-covid19.
2016 https://www.slideshare.net/paulyoungcga/2016-november-2016-gdp-gross-domestic-product-canada
2018 https://www.slideshare.net/paulyoungcga/gdp-canada-the-real-truth
Oct/19 - https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp
Jan/21 - https://www.slideshare.net/paulyoungcga/gdp-analysis-and-commentary-canadajanuary-2021
10. Forestry
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-forestry-sector-january-2021
Global Forest Watch found that the world’s forests sequestered about twice as much CO2 as they emitted between 2001 and 2019.
CAN has 9% of the total forest as such this would mean CAN is a carbon sink. So, why does CAN need a carbon tax?
@SeamusORegan
Many leaders are pushing guarantee income as part of social policy reforms. The problem is guarantee income is very costly for government with limited benefit in areas of productivity and job quality.
Many people are confused how money flows from your wallet to social programs. Each level of government has different taxation programs that hit your wallet different ways
It is important to understand there is only one taxpayers and that is you
You cannot tax people to prosperity
Canada does a very good job of wealth distribution
Too many governments do not look at value for money when it comes to delivering program spending.
All politicians will promise the world, but in fact can deliver very little due fiscal restraints
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
Trudeau foundation - Analysis and Commentary - November 26, 2016paul young cpa, cga
Here is a presentation on the Trudeau Fondation. The presentation will look at funding as well as the role of the fondation to help scholastic students around the globe
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.
Justin Trudeau made many promises back in 2015 including being open, transparent, and accountable. This presentation looks at many areas of policy. The readers of this report can make their own decisions on whether Trudeau has been open, transparent, and accountable to Canadians.
1. Trade protectionism - https://torontosun.com/opinion/editorials/editorial-bidens-buy-american-policies-hurting-canada
2. Climate Change - https://www.cbc.ca/news/politics/environment-commissioner-report-failure-to-failure-1.6262523
3. Benefits - https://nationalpost.com/news/politics/some-cerb-recipients-set-to-get-notices-that-they-owe-feds-some-of-the-aid?r
4. Wage growth - https://financialpost.com/news/economy/immigrant-influx-is-stunting-wage-growth-in-canadian-recovery
5. GDP - https://economics.td.com/ca-weekly-bottom-line
6. Housing - https://www.bnnbloomberg.ca/it-s-like-gamestop-mortgage-expert-on-risk-of-housing-correction-1.1687056
7. Canada lags many states in oil and gas development - https://www.fraserinstitute.org/studies/canada-us-energy-sector-competitiveness-survey-2021
8. Streaming = https://ca.finance.yahoo.com/news/media-experts-agree-action-needed-110000640.html
9. Skills gaps - https://financialpost.com/sponsored/business-sponsored/building-the-future-of-continuing-education
10. Deficit - https://www.theglobeandmail.com/politics/article-report-says-federal-deficit-stood-at-686b-halfway-through-fiscal-year/ or https://www.advisor.ca/news/economic/federal-deficit-hits-nearly-69b-over-first-half-of-fiscal-year/
There has been little discussion of a economic road map as part of the managing COVID19. The economy has many parts to it as such govt needs to come up with fiscal and economic road map as part moving Canada through the COVID19 crisis.
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.
NDP is a good party to keep government honest, but to lead that would be a big mistake. NDP's policies of keeping goods in the ground, higher taxes for business and handouts are a recipe for economic and fiscal ruin.
Alberta has no path to balance budget
Alberta’s debt service costs are now close to $2B/year
Alberta using the same failed model as Ontario when incomes to funding clean technology
AB new jobs have been public sector and not private sector.
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
Blog – Cost of Living – Canada – March 2021
1. Carbon tax and gasoline - https://www.reddeeradvocate.com/news/expect-higher-gasoline-prices-after-carbon-tax-hike/
2. Canada housing prices are the most overvalued within the G7 - https://betterdwelling.com/canadian-estate-prices-are-the-most-overvalued-in-the-g7-shows-another-indicator/
3. Commodity prices - https://www.bnnbloomberg.ca/commodities/video/meat-vegetables-and-bakery-items-drive-food-inflation-rate-higher-in-2021-charlebois~2095759
4. Lumber prices - https://www.woodbusiness.ca/mwc-2021-no-relief-in-sight-for-high-lumber-prices-tight-supply-but-future-is-bright/
5. USA consumer prices hit 8 ½ high - https://www.woodbusiness.ca/mwc-2021-no-relief-in-sight-for-high-lumber-prices-tight-supply-but-future-is-bright/
6. Natural gas and hydro - https://oilprice.com/Energy/Natural-Gas/Why-Natural-Gas-Wont-Be-Replaced-Anytime-Soon.html
7. Freight index - https://www.logisticsmgmt.com/article/march_cass_freight_index_report_trends_up_for_shipments_and_expenditures
8. Threat of inflation - https://www.marketwatch.com/story/economists-says-inflation-risks-are-highest-in-20-years-and-could-force-fed-to-raise-interest-rates-by-2022-11616426962
9. 60% of Cdns worried about inflation - https://www.bnnbloomberg.ca/60-of-canadians-worried-about-inflation-in-2021-cibc-1.1541942Morneau-Shepell predicts average wage growth of only 1.9% for 2021 which likely will be less than inflation - National data broken down by province shows an overall actual average base salary increase including freezes of 1.6% for 2020 and a projected average base salary increase of 1.9% 2021.
This presentation will look the work Conservative Party of Canada under Prime Minster Stephen Harper.
The presentation will focus on government spending, taxation, middle class, GDP, Labour Market and other areas
Fiscal support / Economy
The IMF said that fiscal policy should stay in place to support vulnerable households and firms until recovery takes hold and even then, many low-income countries will need additional assistance through grants, concessional financing, longer suspensions of debt service and in some cases, debt restructurings.
It also called for fiscal policy to "enable a green, digital and inclusive transformation." This includes investments in health systems, job training and hiring subsidies, promoting greater tax fairness, and cutting wasteful spending.
https://www.thechronicleherald.ca/business/reuters/imf-says-fiscal-support-needed-until-recovery-takes-hold-546056/
Blog – Failure of Trudeanomics
1. Cost of living continues to rise - @JustinTrudeau keeps finding ways to tax people. Trudeau policies are not making things more affordable unless you are friends of the LPC! https://www.slideshare.net/paulyoungcga/cost-of-living-canada-february-2021
2. Housing bubble - https://www.mortgagebrokernews.ca/news/how-likely-is-a-canada-housing-crash-354545.aspx
3. Canada had 15B+ deficit with slower growth before COVID19 - https://ipolitics.ca/2021/03/31/pbo-projects-363-4b-federal-deficit-faster-economic-recovery/
4. Failure to safeguard assets and Canadians - https://www.oag-bvg.gc.ca/internet/English/att__e_43789.html
5. Canada competitiveness slipping - https://www.theguardian.pe.ca/opinion/local-perspectives/kevin-lynch-paul-deegan-atlantic-canada-not-keeping-up-with-the-global-competition-571328/
6. Potential structural issues with unemployment - https://www150.statcan.gc.ca/n1/daily-quotidien/210312/dq210312a-eng.htm
7. Trudeau promised open and transparent government which did not happen
8. Trudeau green reset is also a mistake as internal reports have shown issues with his subsidies program –
Few green energy projects are viable without subsidies, says an internal report at the Department of Natural Resources. Auditors called it a market failure: “Analysis of the financial information was revealing.”
https://www.blacklocks.ca/green-power-subsidy-fueled/
I support green technology if it is viable without direct subsidies.
https://www.slideshare.net/paulyoungcga/protecting-the-environment-through-proper-balance-between-economic-and-economic-policies (3/21)
https://www.slideshare.net/paulyoungcga/2019-election-direct-and-indirect-subsidies-to-businesses-august-2019 (Business subsidies are corporate welfare but gets ignored when these subsidies go to clean technology companies
Answers are with how you better manage the circular economy - https://www.slideshare.net/paulyoungcga/how-to-maximized-the-circular-economy-244067365
9. Slow growth
GDP was running 1.6% at the end of 2019 which is down nearly 40% from 2017.
GDP was in trouble pre-covid19.
2016 https://www.slideshare.net/paulyoungcga/2016-november-2016-gdp-gross-domestic-product-canada
2018 https://www.slideshare.net/paulyoungcga/gdp-canada-the-real-truth
Oct/19 - https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp
Jan/21 - https://www.slideshare.net/paulyoungcga/gdp-analysis-and-commentary-canadajanuary-2021
10. Forestry
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-forestry-sector-january-2021
Global Forest Watch found that the world’s forests sequestered about twice as much CO2 as they emitted between 2001 and 2019.
CAN has 9% of the total forest as such this would mean CAN is a carbon sink. So, why does CAN need a carbon tax?
@SeamusORegan
Many leaders are pushing guarantee income as part of social policy reforms. The problem is guarantee income is very costly for government with limited benefit in areas of productivity and job quality.
Summary:
I support review of all programs to ensure they are effective in terms of improving outcomes. More oversight needs to be done on all social welfare programs to ensure they are helping people but also supporting the growing of the economy in a sustainable way.
1. EI and its effectiveness - https://www.rand.org/blog/2021/01/unemployment-insurance-and-the-failure-to-reform.html
2. Failures of UBI - https://troymedia.com/politicslaw/universal-basic-income-has-been-tested-and-failed/#.YchnUVlOlPY
3. Failures of all levels of government to address the skills gap - https://www.randstad.ca/best-jobs/top-15-jobs/
4. Housing costs - https://canadiandimension.com/articles/view/navigating-the-housing-crisis-with-poverty-wages
5. Stifling of FDI - https://www.cpacanada.ca/en/public-interest/public-policy-government-relations/policy-advocacy/cpa-canada-tax-review-initiative/taxes-and-canadians/stifling-foreign-investment-holding-canada-back
6. Food costs - https://www.ctvnews.ca/business/here-s-how-much-more-canadians-can-expect-to-pay-for-food-in-2022-1.5699941
7. @JonathanWNV @cafreeland @JustinTrudeau @s_guilbeault Congrats on moving the Cdn economy to your govt & real estate-driven economy. The NR growth should be higher, but your policies have ensured that won't be the case! https://www.slideshare.net/paulyoungcga/gdp-canada-analysis-and-commentary-october-2021
8. Oil importance - https://www.teslarati.com/tesla-elon-musk-oil-gas-workers-support/
9. Child benefit - https://www.fraserinstitute.org/studies/does-the-canada-child-benefit-actually-reduce-child-poverty
10. Tax and spend policies - https://www.ey.com/en_pl/government-public-sector/six-ways-that-governments-can-drive-the-green-transition
Left always believe that middle to upper class people need to support low income people. The problem with this argument is that you cannot tax people to wealth.
The role of government is to provide support programs as part of transitioning people into new careers. This presentation looks at CERB and EI programs.
Canada has been going through a period of slow growth since 2018. The inaction of the Liberals through bad tax policies along regulatory burden have expedited the slow growth. The Liberals approach was not about reforming govt, but growing the size and cost of govt.
Guarantee Income| Canada| Analysis and Commentary| February 2019paul young cpa, cga
Social welfare is key area for people, especially when they are in between jobs. The problem is too many governments want to use tax dollars to provide guarantee income to able-body people.
The emphasis on welfare should be given more money to people that need it more in terms their social-economic background
Too many governments are looking at stop gap areas to help shore up support. The problem is many stop gap areas are not strong policies.
If you want to fixed income disparity then it is not by one off policies, but many policies.
2019 Election| Social Programs and Taxation | Canada | June 2019paul young cpa, cga
This presentation looks at social policy and income inequality as way to highlight the pressure facing government spending around the world.
Countries around the world need to reform their tax policies
Countries around the world need to emphasize value for money as part of delivering program spending.
There needs to be a proper balance between the environment and the economy.
There is middle ground to be achieve between providing social programs and the right level of taxation
Poverty rates may be down, but there are issues with the rise in the cost of living
Many cities have vacant property that needs to be repurpose for other uses
Education needs to better align with the jobs of today and tomorrow
Housing starts are not keeping pace with population growth
Business automation will continue to impact employment markets
All levels of government need to address issues with productivity
All levels of government need to reduce operational cost through streamlining of their various delivery models
All levels of government need to work together on social transfer including better ways to support those that need the help the most
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.
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
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.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
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.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
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 on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
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 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Internal Controls
• SME – Financial Planning and Analysis
• SME – Business Strategy
• SME – Emerging Technology
• SME – Financial Solutions
• SME – Business Process Change
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. AGENDA
• What is guarantee income
• Cost of Guarantee Income
• EI program
• Supply Chain Flow with Consumers and income
• Wages, Housing Prices and Inflation
• Average Wages / Canada
• Employment
• Finland / CASE
• CERB / Social welfare
• Job Quality / Blog
• Blog – Guarantee Income
4. WHAT IS GUARANTEE INCOME
• Guaranteed minimum income (GMI) (also called
minimum income) is a system of social welfare
provision that guarantees that all citizens or families
have an income sufficient to live on, provided they
meet certain conditions.
Source - Wikipedia
5. COST OF GUARANTEE INCOME
Source - https://www.canadianmanufacturing.com/financing/basic-income-pegged-at-98b-as-calls-for-it-grow-due-to-covid-19-256637/
6. ONTARIO GUARANTEE
INCOME• Volunteers in Peterborough and the City of Kawartha Lakes have
been lobbying to be test communities for Basic Income Guarantees, a
program that ensures every resident has enough money for food, rent
and other necessities. The goal of the program is to create a healthier
population so there are fewer demands on health and other social
services when people fall into crisis.
• Retired Senator Hugh Segal’s report on a minimum income for
Ontario was released in November. It would see Ontario set up a
multi-year pilot to measure its effectiveness starting in April, 2017.
Segal recommends a monthly payment of at least $1,320 for a single
person which is about 75 per cent of the province’s poverty line.
7. EI PROGRAM
• There are different EI programs available for people, but the key is you have to qualified for those programs -
https://www.canada.ca/en/employment-social-development/programs/ei/ei-list.html
• The program has caps “For most people, the basic rate for calculating benefits is 55% of the weekly average
insurable earnings. Effective January 1, 2018, the maximum yearly insurable earnings is $51,700. This means
that you can receive a maximum amount of $547 per week.” - https://www.canada.ca/en/employment-social-
development/programs/ei/ei-list/reports/regular-benefits/duration.html
• EI fund should be spun off from the government and put into a separate private enterprise with oversight
including audits and better positioning of surpluses - https://www.canada.ca/en/employment-social-
development/programs/ei/ei-list/reports/premium/rates2020.html. Too many times govts have used the
surpluses to balance their budget and that should never happen. The fund surpluses should go back to
employers and employees through change to payouts or training support or other initiatives.
8. FEDERAL GOVERNMENT / INCOME
SUPPORT
Source - https://www.canadianmanufacturing.com/manufacturing/benefit-to-covid-19-impacted-workers-may-be-model-for-future-qualtrough-249780/
Dubbed the Canada Emergency Response Benefit,
the $2,000-a-month taxable benefit will be
available to any worker who earned $5,000 in the
previous year and whose income drops to zero due
to COVID-19.
Qualtrough says the government opted for the
single benefit because the decades-old employment
insurance system wasn’t designed to handle an
economic shock where millions of workers wouldn’t
qualify for assistance.
Funded partially outside the EI system, the new
benefit has pushed direct financial aid in the
economic package to $52 billion, out of the $107
billion overall total.
Qualtrough said close to 10% of EI-eligible workers
have applied for help in just over a week and the
labor crunch is likely to get worse.
• The government role is to review all programs to ensure
they are effective. EI has run a surpluses which
governments have used to balance their budget -
https://www.cbc.ca/news/canada/government-broke-law-on-
ei-financing-in-3-years-top-court-1.750084
• EI should be independent corporation with oversight
including audits
• The program should be better aligned with economic
growth and risk management -
https://www.slideshare.net/paulyoungcga/global-risk-and-
how-to-implement-a-risk-management-to-your-
organization
• Govts have not take lessons learn from previous stimulus
as part of re-assessing its programs -
https://www.slideshare.net/paulyoungcga/is-global-
economic-stimulus-required-to-support-slow-world-
economic-growth
• All level governments need to do a better job of managing
both their economy and their fiscal cycle -
https://www.slideshare.net/paulyoungcga/fiscal-and-
economic-management-canada-230721080
9. 2020 COVID CRISIS
• Governments always face challenges that can impact their economies. It is important for all levels of government
to properly manager risk management including risk mitigation strategies -
https://www.slideshare.net/paulyoungcga/global-risk-and-how-to-implement-a-risk-management-to-your-
organization
• Governments need to learn from past mistakes as part of improving things going forward. There were lessons
learn from previous outbreaks that should have form a plan on handling future crisis. The problem is
government focus is too narrow and that needs to change - https://www.slideshare.net/paulyoungcga/the-
importance-of-value-for-money-and-perfomance-based-audits
• All levels of government were slow in responding the crisis. The molehill became an mountain which require
stimulus to support workers - https://www.slideshare.net/paulyoungcga/global-and-canada-stimulus-response-to-
covid19
10. SUPPLY CHAIN FLOW
Consumers Retail Stores
Wholesalers Manufacturers
Analysis
• Employment Income
• Business Income
• Pension Income
• Social Welfare Payments
• Carbon Tax impacted energy costs
(AB, ON)
• Ontario has high hydro rates
• High housing costs
• Wages are not keeping pace with
inflation
11. WAGE GROWTH
Spencer Fernando – April 8, 2017
As reported by Bloomberg, average hourly wage increases were up
1.1% year-over-year, which was the lowest increase since 1998. It is
also far below the historical average of 2.7% in the last 10 years.
When looking further into the numbers, things are even worse for
permanent workers. They had the lowest wage growth since 1997.
And when it comes to the province-by-province picture, the increase
in Ontario was only 0.1% year-over-year, which is the lowest
increase ever recorded.
So much for Sunny Ways!!
13. ENERGY POVERTY – PREMIER WYNNE
• There has been no shortage of industry experts or professors on this show
over the years that warned we were heading for energy poverty.
• Why did she ignore the catastrophic confirmation from experts, including
her own party sources, and continue to double down while wallowing in her
majority?
• Why did they not scrap the act that lacked due diligence, along with cost
analysis, and start over?
• Wynne play on people’s sensitivity for the environment
Global News – Scott Thompson – March 28, 2017
14. BLOG – GUARANTEE INCOME /
SWITZERLAND
Switzerland said no to Guarantee Income –
• “In Switzerland, opponents warned that the proposal would derail an economic model
that, far from showing signs of near-collapse, has allowed the country to remain among
those with the highest living standards in the world, even with a growing and aging
population. Switzerland has an unemployment rate of around 3.5 percent, less than half
the average in the European Union. The backers of the plan did not detail how it would
be financed. But the Swiss government and almost all the main political parties had
urged voters to turn down the guaranteed income plan, warning that it would require
raising an additional 25 billion Swiss francs a year through deep spending cuts or tax
increases.”
https://www.nytimes.com/2016/06/06/world/europe/switzerland-swiss-vote-basic-
income.html (You cannot tax people to prosperity)
15. BLOG – SOCIALIST DIERDRE PIKE VS
COMMON SENSE
If this person can work, then she should be working!
Hamilton has lots of jobs openings!
https://www.slideshare.net/paulyoungcga/city-of-hamilton-
issues-and-solutions-may-2018 or
https://www.thespec.com/news-story/8727662-hamilton-
unemployment-rate-drops-to-4-6-per-cent/
If you notice my work is backup, right?
If this gal as well as other made poor career choices that is
their problem!
16. ONTARIO/SOCIAL SERVICES
Source – Government of Ontario
• Govt of Ontario 3rd largest
spending is social services
• Guarantee Income
Supplement requires
monitoring which means
govt workers.
• Many of the Candidates
selected either ran business
or had no interest in
working
• Welfare is need to help
people get back on their
feet. Welfare should be
more targeted to benefit the
ones that need it the most.
• Socialists feel govt role is
take care people from cradle
to grave.
17. JOB QUALITY
• There has been a job quality issue for the past 30 years. The job quality has gotten worse over the past 4+ years
due to failed economic policies of the Liberals - There is a job quality issue in Canada.
https://www.slideshare.net/paulyoungcga/job-quality-canada-vs-usa
• Liberals keep pushing welfare state as part of Agenda 2030 - https://www.slideshare.net/paulyoungcga/canada-
and-agenda-2030-justin-trudeau-end-state-for-canada
• COVID-19 Crisis may change how supply chain management works, especially near shoring. Countries need to
ensure their economies are competitive - https://www.slideshare.net/paulyoungcga/what-is-going-on-with-
canadas-competitiveness
• Government role is set economic policies to encourage economic growth -
https://www.slideshare.net/paulyoungcga/slow-economic-growth-canada-march-2020
20. YOUTH AND EMPLOYMENT
COVID19 has been especially tough on Canada’s youth
There is a job crisis in Canada which Trudeau and @cafreeland have never acknowledge!
https://www.slideshare.net/paulyoungcga/canada-and-youth-employment-analysis-and-commentary
Article on the Youth
https://www.thestar.com/news/canada/2020/10/09/youth-in-ontario-struggled-to-find-work-in-september-and-the-work-they-
do-just-got-shut-down.html
•
24. CERB
• What is the CERB?
• $500/week or $2,000 per month - https://www.canada.ca/en/revenue-agency/services/benefits/apply-
for-cerb-with-cra.html
• CERB extension / cost - $43B+ first few weeks and another $17B (extension)
https://www.cbc.ca/news/politics/cerb-extension-pbo-1.5623507 or https://www.pbo-dpb.gc.ca/en/covid-19
• Fraud / https://www.cbc.ca/news/politics/cerb-repayments-claims-tips-abuse-1.5605838
• People making more on the CERB - https://globalnews.ca/news/7092281/cerb-back-to-work-dilemma/.
25. FINLAND AND GUARANTEE INCOME
Source - https://www.reuters.com/article/us-finland-basic-income-
idUSKCN1PX0NM?utm_campaign=trueAnthem:+Trending+Content&utm_content=5c5d4d5b04d3011dd162b83f&utm_medium=trueAnthem&utm_source=twitter
Finland said “Guarantee Income did nothing for employment
Source -
https://globalnews.ca/news/4777313/liberals-
national-guaranteed-income/
The Trudeau Liberals appear to be
warming to the idea of a guaranteed
national minimum income as they
search for ways to help Canadian
workers adapt to an unsteady labor
market.
It has been the liberals that have introduced
bad policies
• C69 – Pipelines
• Carbon Taxation
• Small Business Tax Reforms
• Hikes to CPP
Source -
https://www.slideshare.net/paulyoungcga/is-
canada-losing-its-business-competitiveness-
february-2019
26. BLOG – GUARANTEE INCOME
• More op-eds by CBC as an attempt to show @justintrudeau managing of the financing is on par with Harper
• Trudeau has increase overall spending from year over year average was 6.7% as compare to Harper’s 3.8%
• Trudeau took $1B surplus and turned it into $18B deficit
• Trudeau decided to slash the AG performance management audits, why?
• Trudeau has a made a mess of every file including immigration - https://torontosun.com/news/national/illegal-border-processing-
costs-alone-to-exceed-1-billion-pbo-report
• Trudeau’s policies are more about votes than sound policies. The tax cut did little when you factor in Trudeau eliminated income
tax splitting, boutique tax credits and hiked CPP - https://www.thechronicleherald.ca/news/canada/for-millennials-in-canada-the-
middle-class-dream-slips-a-little-further-away-oecd-300708/ or https://www.slideshare.net/paulyoungcga/2019-election-middle-
class-canada-june-2019
• Trudeau’s policies have made Canada less competitive - https://www.slideshare.net/paulyoungcga/2019-election-canada-and-global-
competitiveness-may-2019
• You cannot not just look at GDP ratios. You also need to look at outcomes along with expense growth year over year in relation to
Taxation and GDP growth - https://www.slideshare.net/paulyoungcga/2019-election-gdp-and-economy-canada
• Trudeau’s policies have support only 10% increase in goods producing sector jobs. Goods producing sector jobs pay on average 40%
more than service sector jobs. - https://www.slideshare.net/paulyoungcga/2019-election-employment-market-canada-may-2019
•
• Source – https://www.slideshare.net/paulyoungcga/2019-election-fiscal-management-canada-june-2019
27. EXTENSION OF BENEFITS
Prime Minister Justin Trudeau says the more generous benefits being provided to out-of-work Canadians during the pandemic
should not be permanent changes to the social safety net.
Millions of people have received emergency benefits since March, when the first wave of COVID-19 struck Canada and led to
widespread lockdowns and historic job losses
https://www.canadianmanufacturing.com/financing/extra-income-support-for-hard-hit-workers-may-not-stick-around-post-
pandemic-pm-says-263623/
The reality is what you know as “blue-collar” is on the verge of extinction and unprecedented times call for unprecedented
solutions.
Even the Hamilton Chamber of Commerce is urging the Government of Canada, in unison with the Canadian Chamber, to
create a federal basic income pilot program, citing this week that, “With developing technologies and increased automation,
government policy needs to adapt in order to respond to potential disruptions in the labor market”.
Advocates groups have been pushing UBI - https://quickbitenews.com/article/hamilton/hamilton-showed-that-a-universal-
basic-income-is-the-solution/
• Any social welfare system needs to be targeted in a way that best supports people including how Canadians are moved to
their next career. There should be also more focus on those in needs like seniors or the disabled or people with long-term
injury. https://www2.slideshare.net/paulyoungcga/gdp-canada-august-2020
28. JOB QUALITY
Here is a look at job quality - https://www.slideshare.net/paulyoungcga/job-quality-canada-235057299
1. There is a job quality issue.
2. Government needs to focus on the goods producing sector
3. Technology is going to lead to more automation
4. Public sector needs to be reformed.
https://www.slideshare.net/paulyoungcga/canada-what-is-happening-with-the-middle-class
29. SUMMARY
Source - https://www.metronews.ca/news/winnipeg/2016/03/03/winnipeg-mp-petition-for-guaranteed-income.html
• The MP table the change has said nothing about the $185B that is already available to various groups as part of the income re-distribution. We
have seen in Scandinavia countries that if you change income with people then it does not motivate them to achieve more in life.
• Let's face facts current programs that support low income except for minimum wage are paid out a tax bucket. So, if you make changes then you
likely going to either change threshold for people or you are going take control of the money and lump into one group of people. The problem with
guarantee income it means different things to different groups of people
• Trudeau has decided to raised taxes as well as introduced more regulations - https://www.slideshare.net/paulyoungcga/class-warfare-canada-
taxation-february-2019 or https://www.slideshare.net/paulyoungcga/designing-social-programs-and-tax-fairness-policies
• Wealth tax and its impact - https://www.slideshare.net/paulyoungcga/wealth-tax-does-the-world-need-a-wealth-tax
• Revisiting Immigration - https://www2.slideshare.net/paulyoungcga/policy-review-october-2020-immigration-and-refugees-canada
• Trudeau focus has not been about making Canada competitive in terms of Foreign Direct investment - https://biv.com/article/2019/01/headwinds-
horizon-canadian-mining
• Trudeau is trying to used guarantee income to buy votes because his economic policies have been failures -
https://www.slideshare.net/paulyoungcga/gdp-analysis-canada-november-2018
• More focus on manufacturing, natural resources, technology, farming, etc. . - https://www2.slideshare.net/paulyoungcga/how-to-reshore-supply-
chains