Summary:
• The May ISM manufacturing index registered 56.1, topping expectations of a 54.5 print. The index rose 0.7 percentage points from the April reading of 55.4.
• New orders rose by 1.6 percentage points to 55.1, while new export orders rose by 0.2 percentage points to 52.9.
• The backlog of orders sub-index came in at 58.7, rising 2.7 percentage points from April's 56.0 print.
• The production index increased 0.6 percentage points to 54.2 while the employment index fell 1.3 percentage points to 49.6.
• The supplier deliveries sub-index fell to 65.7 from 67.2 in April. The sub-index continues to reflect difficulties in improving delivery rates due to production issues related to the pandemic.
• 15 of 18 manufacturing industries reported growth in May. Growth was led by Apparel, Leather & Allied Products; printing & Related Support Activities; Machinery; Nonmetallic Mineral Products; Computer Electronic Products; and Food, Beverage & Tobacco Products.
Source - https://economics.td.com/us-ism-manufacturing-index
Summary:
There were increases in orders for machinery, primary metals and electrical equipment, appliances and components. Orders for computers and electronic products also rose as did those of fabricated metal products.
Shipments of manufactured goods increased 2.3% after rising 1.1% in February. Inventories at factories gained 1.3%. Unfilled orders rose 0.4% after climbing 0.5% in the prior month.
The Commerce Department also reported that orders for non-defense capital goods, excluding aircraft, which are seen as a measure of business spending plans on equipment, rebounded 1.3% instead of 1.0% as previously reported last month.
Source - https://www.nasdaq.com/articles/rise-in-u.s.-factory-orders-beats-expectations-in-march
Summary:
The copper price jumped on Tuesday after weak US manufacturing data eased concerns that the Federal Reserve will tighten monetary policy too rapidly.
The Institute for Supply Management’s gauge of US factory activity dropped to the lowest in more than two years in September, causing the dollar to retreat.
Source - https://www.usatoday.com/story/money/business/2022/10/03/s-p-500-dow-nasdaq-uk-axes-planned-tax-cut/8167019001/ or https://www.mining.com/copper-price-jumps-after-weak-us-manufacturing-data/
Manufacturing Sector Analysis and Commentary - June 2023.pptxpaul young cpa, cga
Blog – Manufacturing Analysis and Commentary – June 2023
Summary:
The sector, which accounts for 11.3% of the economy, is being dragged down by the Federal Reserve's fastest interest rate hiking campaign since the 1980s.
Banks also have tightened lending following the recent failures of three U.S. banks, while spending is shifting away from goods, typically bought on credit, to services.
Businesses are cutting back on restocking in anticipation of weaker demand later this year. The Institute for Supply Management last week said its manufacturing PMI contracted for a seventh straight month in May.
Orders for transportation equipment increased 3.7% on top of a 9.8% jump in March. Civilian aircraft orders fell 8.5% after having surged by 96% in the prior month. Motor vehicle orders edged up 0.5%. Excluding transportation, orders fell 0.2%, dropping for a third straight month and to their lowest since February 2022.
Orders for machinery rose 1.0%, but bookings for computers and electronic products fell 1.4%. Orders for electrical equipment, appliances and components dropped 1.7%.
Shipments of manufactured goods fell 0.4%. The inventory of manufactured goods at factories rose 0.5%. Unfilled orders at factories rose 0.8
Source - https://money.usnews.com/investing/news/articles/2023-06-05/u-s-factory-orders-rise-in-april
Additional links and sources:
Class 8 orders - https://www.freightwaves.com/news/rising-may-class-8-truck-orders-less-telling-than-backlog-burn
Automotive Sales - https://www.americanexpress.com/en-us/business/trends-and-insights/videos/automotive-industry/
Steel Production - https://www.steelorbis.com/steel-news/latest-news/us-raw-steel-production-up-10-percent-week-on-week-1292937.htm
Agricultural Equipment - https://www.businesswire.com/news/home/20230530005385/en/North-America-Tractor-Market-Outlook-Forecasts-Report-2023-2028-Featuring-Key-Vendors---John-Deere-CNH-Industrial-AGCO-Kubota---ResearchAndMarkets.com
Construction equipment - https://www.farmequip.org/news/demand-for-new-factories-drives-growth-in-construction-spending/
Oil Rigs - https://www.rigzone.com/oil/news/north_america_loses_more_rigs-05-jun-2023-172968-article/
Ports - https://www.hapag-lloyd.com/en/services-information/operational-updates/north-america.html
Lithium - https://seekingalpha.com/article/4609592-lit-economic-weakness-in-china-may-impact-ev-sales
Costs - https://www.comerica.com/insights/economic-commentary/ism-pmis-softer-than-expected-in-may-and-inflation-is-slowing.html
Technologies - https://levelup.gitconnected.com/top-10-breakthrough-technologies-you-must-know-in-2023-991cc1db8ac9
ESG - https://www.forbes.com/sites/columbiabusinessschool/2023/06/05/what-esg-investors-must-demand-for-credible-sustainability-reporting/?sh=1cf2162f2fd7
Blog – United States Manufacturing Sector Analysis and Commentary – March 2023
Summary:
U.S. manufacturing-sector orders fell again in February, driven again by a decline in transportation equipment and manufactured durable goods orders, albeit at a slower pace than in January.
New orders for manufactured goods fell 0.7% in February on month to $536.4 billion, compared with a revised 2.1% fall in January, data from the Commerce Department showed Tuesday.
The reading is a touch weaker than the 0.6% decrease expected by economists in a poll by The Wall Street Journal.
The fall was driven by a 2.8% drop in orders for transportation equipment, the data showed. Nondefense aircraft and parts orders once again dropped, by 6.6% in February, after a 56.3% dip in January, although the figures came after a hefty rise at the end of 2022. Even excluding transportation, total orders still fell 0.3%, a swing from a 0.8% rise in January.
New orders for manufactured durable goods--those meant to last at least three years--fell 1.0% in February, in line with preliminary estimate and after a 5.0% increase in December. New orders for manufactured nondurable goods tumbled 0.4%.
Surveys to manufacturers suggest that despite recent moderation of the fall in orders, the pace of declines could accelerate again.
ISM purchasing managers index showed Monday that new orders at U.S. manufacturers contracted again in March, reaching its lowest level since May 2020.
Source - https://www.marketscreener.com/news/latest/U-S-Factory-Orders-Fell-Again-in-February-Though-at-Slower-Pace--43426768/
PMI has fallen below 50 - https://www.prnewswire.com/news-releases/manufacturing-pmi-at-46-3-march-2023-manufacturing-ism-report-on-business-301787309.html
United States factory orders decline in February 2023 - https://www.marketscreener.com/news/latest/U-S-Factory-Orders-Fell-Again-in-February-Though-at-Slower-Pace--43426768/
Nearshoring to Mexico continues to pick up steam. https://www.reuters.com/world/americas/nearshoring-bets-boost-mexican-real-estate-transport-shares-2023-04-04/
Producer price index decline in February 2023 - https://www.reuters.com/markets/us/us-producer-prices-unexpectedly-fall-february-2023-03-15/
United States continues to look at better ways to manage supply chains like critical metals - https://www.barrons.com/amp/articles/niocorp-achieves-processing-breakthrough-in-demonstration-plant-testing-of-niobium-and-titanium-production-19e70748
Broadband spending is expected to decline in 2023 - https://www.benton.org/headlines/wireless-capital-expenditures-north-america-poised-plunge-10-20-percent-2023
Market volatility continues to drive asset management decisions - https://www.usbank.com/investing/financial-perspectives/market-news/economic-news.html
Government continues to address climate change with more spending in the green and clean economy - https://www.weforum.org/agenda/2023/04/clean-energy-government-investment-spending/
Blog – Trade – United States – August 2022 – Analysis and Commentary
Summary:
Exports
1. LNG exports increase by $1.4B
2. Crude Oil exports decrease $1B
Imports
1. Oil Imports Decrease by $2.7B
China trade deficit for 2022 is projected to be $407B as compared to $346B in 2021. More needs to be done to re-shore the supply chain
USA agricultural sector continues to see a boon in terms of exports
Threat of a global recession in 2023 continues to plague global trade
Summary
USA manufacturing sector continues to face higher commodity prices
USA manufacturing sector continues to face issues with supply chain
Ports are still facing backlog
More and more manufacturers are moving to Industry 4.0
Energy Sector - Oil and Gas - Preliminary Analysis - September 2022.pptxpaul young cpa, cga
Summary:
EMEA continues to look for new supplies of natural gas.
Both Canada and the United States oil production continues to trail pre-covid19 production levels
Green Hydrogen continues to be push as part of energy solution. The problem is the producing of green technology is very costly
Carbon tax will continue impact inflation. Countries like Canada are targeting inflation rates of 2%. Currently many countries around the world are between 6% to 8% inflation rates.
Canada oil sector has contributed to large trade surpluses. Canada is rank globally when it comes to ethical and environmental production of its oil and natural gas.
Many countries are re-starting coal fired plants as part of managing their power grid - https://www.etfstream.com/features/clean-energy-etfs-left-exposed-to-company-reopening-coal-fired-power-stations/ or https://www.mining.com/web/column-australia-sees-longer-commodity-boost-from-russias-ukraine-war/
Too many progressives are too narrow focus on carbon tax and excessive regulations. Excessive regulations and taxes can have impact of costs as well as productivity.
I am all for doing things as part of making planet greener. The problem is policies by many governments are one-side. https://www.slideshare.net/paulyoungcga/climate-change-and-the-green-economy-canada-october-2022pptx
Summary:
The U.S. trade deficit shrunk in April by the most on record in dollar terms, reflecting a drop in the value of imports amid COVID lockdowns in China while exports climbed.
The gap in goods and services trade narrowed $20.6 billion, or 19.1%, to $87.1 billion, Commerce Department data showed June 7. The median estimate in a Bloomberg survey of economists called for an $89.5 billion deficit. The figures aren’t adjusted for inflation.
Imports dropped in April as factory activity in China fell to the lowest level since February 2020 amid strict lockdowns to curb the spread of COVID-19. While manufacturing in the country has improved since, the measures still are straining already tenuous global supply chains, especially when coupled with Russia’s war in Ukraine
Source - https://www.ttnews.com/articles/trade-deficit-narrows-most-record-muted-china-imports
Summary:
There were increases in orders for machinery, primary metals and electrical equipment, appliances and components. Orders for computers and electronic products also rose as did those of fabricated metal products.
Shipments of manufactured goods increased 2.3% after rising 1.1% in February. Inventories at factories gained 1.3%. Unfilled orders rose 0.4% after climbing 0.5% in the prior month.
The Commerce Department also reported that orders for non-defense capital goods, excluding aircraft, which are seen as a measure of business spending plans on equipment, rebounded 1.3% instead of 1.0% as previously reported last month.
Source - https://www.nasdaq.com/articles/rise-in-u.s.-factory-orders-beats-expectations-in-march
Summary:
The copper price jumped on Tuesday after weak US manufacturing data eased concerns that the Federal Reserve will tighten monetary policy too rapidly.
The Institute for Supply Management’s gauge of US factory activity dropped to the lowest in more than two years in September, causing the dollar to retreat.
Source - https://www.usatoday.com/story/money/business/2022/10/03/s-p-500-dow-nasdaq-uk-axes-planned-tax-cut/8167019001/ or https://www.mining.com/copper-price-jumps-after-weak-us-manufacturing-data/
Manufacturing Sector Analysis and Commentary - June 2023.pptxpaul young cpa, cga
Blog – Manufacturing Analysis and Commentary – June 2023
Summary:
The sector, which accounts for 11.3% of the economy, is being dragged down by the Federal Reserve's fastest interest rate hiking campaign since the 1980s.
Banks also have tightened lending following the recent failures of three U.S. banks, while spending is shifting away from goods, typically bought on credit, to services.
Businesses are cutting back on restocking in anticipation of weaker demand later this year. The Institute for Supply Management last week said its manufacturing PMI contracted for a seventh straight month in May.
Orders for transportation equipment increased 3.7% on top of a 9.8% jump in March. Civilian aircraft orders fell 8.5% after having surged by 96% in the prior month. Motor vehicle orders edged up 0.5%. Excluding transportation, orders fell 0.2%, dropping for a third straight month and to their lowest since February 2022.
Orders for machinery rose 1.0%, but bookings for computers and electronic products fell 1.4%. Orders for electrical equipment, appliances and components dropped 1.7%.
Shipments of manufactured goods fell 0.4%. The inventory of manufactured goods at factories rose 0.5%. Unfilled orders at factories rose 0.8
Source - https://money.usnews.com/investing/news/articles/2023-06-05/u-s-factory-orders-rise-in-april
Additional links and sources:
Class 8 orders - https://www.freightwaves.com/news/rising-may-class-8-truck-orders-less-telling-than-backlog-burn
Automotive Sales - https://www.americanexpress.com/en-us/business/trends-and-insights/videos/automotive-industry/
Steel Production - https://www.steelorbis.com/steel-news/latest-news/us-raw-steel-production-up-10-percent-week-on-week-1292937.htm
Agricultural Equipment - https://www.businesswire.com/news/home/20230530005385/en/North-America-Tractor-Market-Outlook-Forecasts-Report-2023-2028-Featuring-Key-Vendors---John-Deere-CNH-Industrial-AGCO-Kubota---ResearchAndMarkets.com
Construction equipment - https://www.farmequip.org/news/demand-for-new-factories-drives-growth-in-construction-spending/
Oil Rigs - https://www.rigzone.com/oil/news/north_america_loses_more_rigs-05-jun-2023-172968-article/
Ports - https://www.hapag-lloyd.com/en/services-information/operational-updates/north-america.html
Lithium - https://seekingalpha.com/article/4609592-lit-economic-weakness-in-china-may-impact-ev-sales
Costs - https://www.comerica.com/insights/economic-commentary/ism-pmis-softer-than-expected-in-may-and-inflation-is-slowing.html
Technologies - https://levelup.gitconnected.com/top-10-breakthrough-technologies-you-must-know-in-2023-991cc1db8ac9
ESG - https://www.forbes.com/sites/columbiabusinessschool/2023/06/05/what-esg-investors-must-demand-for-credible-sustainability-reporting/?sh=1cf2162f2fd7
Blog – United States Manufacturing Sector Analysis and Commentary – March 2023
Summary:
U.S. manufacturing-sector orders fell again in February, driven again by a decline in transportation equipment and manufactured durable goods orders, albeit at a slower pace than in January.
New orders for manufactured goods fell 0.7% in February on month to $536.4 billion, compared with a revised 2.1% fall in January, data from the Commerce Department showed Tuesday.
The reading is a touch weaker than the 0.6% decrease expected by economists in a poll by The Wall Street Journal.
The fall was driven by a 2.8% drop in orders for transportation equipment, the data showed. Nondefense aircraft and parts orders once again dropped, by 6.6% in February, after a 56.3% dip in January, although the figures came after a hefty rise at the end of 2022. Even excluding transportation, total orders still fell 0.3%, a swing from a 0.8% rise in January.
New orders for manufactured durable goods--those meant to last at least three years--fell 1.0% in February, in line with preliminary estimate and after a 5.0% increase in December. New orders for manufactured nondurable goods tumbled 0.4%.
Surveys to manufacturers suggest that despite recent moderation of the fall in orders, the pace of declines could accelerate again.
ISM purchasing managers index showed Monday that new orders at U.S. manufacturers contracted again in March, reaching its lowest level since May 2020.
Source - https://www.marketscreener.com/news/latest/U-S-Factory-Orders-Fell-Again-in-February-Though-at-Slower-Pace--43426768/
PMI has fallen below 50 - https://www.prnewswire.com/news-releases/manufacturing-pmi-at-46-3-march-2023-manufacturing-ism-report-on-business-301787309.html
United States factory orders decline in February 2023 - https://www.marketscreener.com/news/latest/U-S-Factory-Orders-Fell-Again-in-February-Though-at-Slower-Pace--43426768/
Nearshoring to Mexico continues to pick up steam. https://www.reuters.com/world/americas/nearshoring-bets-boost-mexican-real-estate-transport-shares-2023-04-04/
Producer price index decline in February 2023 - https://www.reuters.com/markets/us/us-producer-prices-unexpectedly-fall-february-2023-03-15/
United States continues to look at better ways to manage supply chains like critical metals - https://www.barrons.com/amp/articles/niocorp-achieves-processing-breakthrough-in-demonstration-plant-testing-of-niobium-and-titanium-production-19e70748
Broadband spending is expected to decline in 2023 - https://www.benton.org/headlines/wireless-capital-expenditures-north-america-poised-plunge-10-20-percent-2023
Market volatility continues to drive asset management decisions - https://www.usbank.com/investing/financial-perspectives/market-news/economic-news.html
Government continues to address climate change with more spending in the green and clean economy - https://www.weforum.org/agenda/2023/04/clean-energy-government-investment-spending/
Blog – Trade – United States – August 2022 – Analysis and Commentary
Summary:
Exports
1. LNG exports increase by $1.4B
2. Crude Oil exports decrease $1B
Imports
1. Oil Imports Decrease by $2.7B
China trade deficit for 2022 is projected to be $407B as compared to $346B in 2021. More needs to be done to re-shore the supply chain
USA agricultural sector continues to see a boon in terms of exports
Threat of a global recession in 2023 continues to plague global trade
Summary
USA manufacturing sector continues to face higher commodity prices
USA manufacturing sector continues to face issues with supply chain
Ports are still facing backlog
More and more manufacturers are moving to Industry 4.0
Energy Sector - Oil and Gas - Preliminary Analysis - September 2022.pptxpaul young cpa, cga
Summary:
EMEA continues to look for new supplies of natural gas.
Both Canada and the United States oil production continues to trail pre-covid19 production levels
Green Hydrogen continues to be push as part of energy solution. The problem is the producing of green technology is very costly
Carbon tax will continue impact inflation. Countries like Canada are targeting inflation rates of 2%. Currently many countries around the world are between 6% to 8% inflation rates.
Canada oil sector has contributed to large trade surpluses. Canada is rank globally when it comes to ethical and environmental production of its oil and natural gas.
Many countries are re-starting coal fired plants as part of managing their power grid - https://www.etfstream.com/features/clean-energy-etfs-left-exposed-to-company-reopening-coal-fired-power-stations/ or https://www.mining.com/web/column-australia-sees-longer-commodity-boost-from-russias-ukraine-war/
Too many progressives are too narrow focus on carbon tax and excessive regulations. Excessive regulations and taxes can have impact of costs as well as productivity.
I am all for doing things as part of making planet greener. The problem is policies by many governments are one-side. https://www.slideshare.net/paulyoungcga/climate-change-and-the-green-economy-canada-october-2022pptx
Summary:
The U.S. trade deficit shrunk in April by the most on record in dollar terms, reflecting a drop in the value of imports amid COVID lockdowns in China while exports climbed.
The gap in goods and services trade narrowed $20.6 billion, or 19.1%, to $87.1 billion, Commerce Department data showed June 7. The median estimate in a Bloomberg survey of economists called for an $89.5 billion deficit. The figures aren’t adjusted for inflation.
Imports dropped in April as factory activity in China fell to the lowest level since February 2020 amid strict lockdowns to curb the spread of COVID-19. While manufacturing in the country has improved since, the measures still are straining already tenuous global supply chains, especially when coupled with Russia’s war in Ukraine
Source - https://www.ttnews.com/articles/trade-deficit-narrows-most-record-muted-china-imports
Summary:
New orders for U.S.-made goods fell slightly more than expected in December, but manufacturing remains supported by businesses replenishing inventories.
The Commerce Department said on Thursday that factory orders decreased 0.4% in December. Data for November was revised higher to show orders increasing 1.8% instead of 1.6% as previously reported. Economists polled by Reuters had forecast factory orders slipping 0.2%. Orders increased 16.9% in 2021.
Manufacturing, which accounts for 11.9% of the economy, is being underpinned by businesses rebuilding inventories.
Source - https://money.usnews.com/investing/news/articles/2022-02-03/u-s-factory-orders-fall-in-december-shipments-rise-further
1. USA Manufacturing – https://www.yakimaherald.com/reshoring-manufacturing-might-be-washingtons-future/article_453dc45d-b050-58a8-9bf9-27a7d6a0c516.html
2. Manufacturing optimization - https://www.energy.gov/eere/amo/articles/department-energy-awards-28-million-10-projects-will-develop-emerging
3. AI and manufacturing - https://research.aimultiple.com/manufacturing-ai/
4. Robotics - https://austincountynewsonline.com/a-record-number-of-robots-joined-american-workforce-in-2021-amid-covid-labor-crunch/
5. Shortages - https://shopmetaltech.com/industry-update/u-s-manufacturing-grew-in-january-but-remains-plagued-by-bottlenecks.html
6. Food Production - https://manufacturingglobal.com/ai-and-automation/expect-to-see-these-food-manufacturing-trends-in-2022
7. Semiconductors - https://rollcall.com/2022/02/04/cost-to-rebuild-u-s-semiconductor-manufacturing-will-keep-growing/
8. PMI - https://www.investing.com/economic-calendar/manufacturing-pmi-829
9. Future of manufacturing - https://seekingalpha.com/article/4484370-future-of-manufacturing
10. Automotive - https://www.tti.com/content/ttiinc/en/resources/marketeye/categories/industry/me-staff-20220204.html
11. Farm - https://www.tti.com/content/ttiinc/en/resources/marketeye/categories/industry/me-staff-20220204.html
12. Automation - https://www.bmc.com/blogs/it-automation-trends/
13. Raw material - https://www.koreatimes.co.kr/www/tech/2022/02/419_21021.html?fa
Summary:
Following seven consecutive monthly increases, manufacturing sales fell 2.0% to $71.6 billion in May, on lower sales in 11 of 21 industries. The decline was primarily driven by the motor vehicle (-31.9%), primary metal (-4.1%), and miscellaneous manufacturing (-10.8%) industries. Meanwhile, sales of petroleum and coal products (+5.4%) and machinery (+3.3%) increased the most.
Sales in constant dollars decreased 3.9% in May, indicating that lower volumes were responsible for the decline in sales on a current dollars basis, while the Industrial Product Price Index rose 1.7% in May.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220714/dq220714a-eng.htm
Summary:
Imports rose in eight of 11 product sections, led by electronic and electrical equipment and parts, while motor vehicles and parts imports reached their highest level since February 2020.
Exports were driven lower by energy products, which fell for the first time since April 2021.
Source - https://www.nasdaq.com/articles/canada-posts-surprise-trade-deficit-of-c%24137-mln-in-december
1. Canada trade - https://www.marketwatch.com/story/canada-posts-c-137-million-trade-deficit-in-december-271644328443
2. Oil asset sale - https://www.reuters.com/business/energy/exclusive-canadas-crescent-point-looks-sell-some-oil-gas-assets-documents-2022-02-07/
3. Oil asset sale - https://financialpost.com/commodities/energy/oil-gas/spanish-oil-major-repsol-looking-to-sell-parts-of-its-canadian-assets-sources-2
4. Methane - https://www.canadianenergycentre.ca/international-comparisons-show-canada-doing-its-part-to-reduce-methane-emissions/
5. Clean - https://www.mondaq.com/canada/renewables/1158746/good-start-but-more-to-be-done-the-international-energy-agency39s-canada-2022-energy-policy-review
6. Mining - https://www.sudbury.com/local-news/research-network-seeking-proposals-to-modernize-mining-industry-5035029
7. Lithium - https://ca.proactiveinvestors.com/companies/news/973374/critical-resources-strengthens-canadian-lithium-footprint-on-finalising-graphic-lake-acquisition-973374.html
8. Port capacity - https://www.newswire.ca/news-releases/prince-rupert-port-expansion-improving-canada-s-ability-to-move-critical-goods-and-supplies-892065707.html
9. Lumber - https://www.timberindustrynews.com/canadas-lumber-giants-expand-u-s-amid-fight-tariffs/
10. Gold - https://www.northernontariobusiness.com/mining-the-northwest/mining-the-northwest-gold-developers-have-more-mines-in-the-project-pipeline-5030583
11. Oil - https://www.energyintel.com/0000017e-d4f0-da48-a97f-fdfa08170002
12. Labor costs - https://www.ibisworld.com/canada/industry-trends/industries-highest-labor-costs/
13. Australia - https://www.spglobal.com/marketintelligence/en/news-insights/research/australia-mining-by-the-numbers-2021
14. Rare Metals - https://www.kitco.com/news/2022-02-07/Global-rare-earth-metals-production-up-17-in-2021-as-production-in-China-jumps-20.html
USA hit a record $89B trade deficit in January 2022
China continues to lag on their trade agreements with the United States
USA is looking at dealing with despot countries as part of fixing issues with oil supplies - https://www.cnn.com/2022/03/08/politics/joe-biden-saudi-arabia-venezuela-iran-russia-oil/index.html. Both Canada and USA should be focus on increasing domestic production - https://www.slideshare.net/paulyoungcga/what-is-next-for-oil-and-gas-251300497
Russia is world leader in the critical metals. https://eandt.theiet.org/content/articles/2022/03/rare-earth-metal-prices-will-skyrocket-as-ukraine-russia-tensions-continue/
Global Automotive Sector - Analysis and Commentary - June 2022.pptxpaul young cpa, cga
Canada ZEV are about 6.2% of total vehicle sales, or about 8.4K to 12K per month. Global ZEV sales are about 13% of total automotive sales. There is misnomer as ZEV are not zero emission, especially as EMEA generates nearly 50% of its power requirements from non-clean sources of energy.
There are significant challenges with lithium, rare metals, and cobalt supplies that are forcing up the cost of electrical vehicles.
Brownouts are a fear due to many governments pushing their zero emissions agenda at all costs
Farmer in Netherlands continue to show their frustration with tougher environmental laws. Food costs and security are enormous issues for countries around the world.
There seems to be little appetite to push hybrid vehicles as well as deal with gas taxes as part of managing the cost of gasoline.
The United States runs a record trade deficit for March 2022paul young cpa, cga
The trade deficit jumped more than 22 percent to $109.8 billion, as the double-digit increase in imports to an all-time high of $351.5 billion outstripped the more modest gain in exports, the Commerce Department said.
But US exports also hit a record of $241.7 billion, the data showed.
As the world's largest economy showed a robust recovery from the pandemic disruptions in recent months, businesses have been hampered by global supply chain snarls and shortages that meant relatively modest import gains.
But the data showed a shift in March with a $3.2 billion increase in imports of autos, parts and engines -- including a $2.5 jump in passenger cars alone -- a $1.5 billion rise in computers, and $1.3 billion gain for computer accessories.
Purchases of furniture and household goods jumped $1.3 billion, while toys, games and sporting goods rose by a similar amount, the report said.
A strong American consumer is likely to support continued demand for imports, while slower recoveries among US trading partners could hold down export growth, economists say.
"The prevailing domestic and overseas economic environment could keep the deficit pinned near record levels and impose a significant headwind to US GDP growth," said Mahir Rasheed of Oxford Economics.
The Federal Reserve is raising interest rates as it grapples with accelerating inflation, which could tamp down demand.
In the first three months of the year, the goods and services deficit increased $84.8 billion, or 41.5 percent, from the same period in 2021, the report said.
Source - https://www.rfi.fr/en/us-trade-deficit-hits-highest-on-record-as-imports-soar
The increase came as imports of energy products gained 26.3 per cent for the month helped higher by imports of crude oil and bitumen as both prices and volumes rose. Imports of consumer goods rose 6.5 per cent, while motor vehicles and parts added 9.9 per cent.
Meanwhile, total exports rose 6.3 per cent to a record $63.6 billion in March as higher prices helped exports of energy products gain 12.8 per cent to a record $17.9 billion. Exports of motor vehicles and parts rose 7.9 per cent.
Excluding energy products, exports gained 4.0 per cent in March.
https://economics.bmo.com/en/publications/detail/21fe3df8-4b7e-4686-8766-d42eb0539c69/ and https://www.therecord.com/ts/business/2022/05/04/canada-posts-25b-trade-surplus-for-march-as-imports-and-exports-hit-record-highs.html
Manufacturing - Canada -February 2022 and March 2022.pptxpaul young cpa, cga
Manufacturing sales increased for the fifth consecutive month, up 4.2% to $67.7 billion in February on higher sales in 14 of 21 industries, led by the motor vehicle (+25.0%), food (+5.3%), petroleum and coal (+6.7%), and wood (+8.5%) industries. Meanwhile, sales of computer and electronic products decrease the most, down 7.9% to $1.2 billion in February. Total manufacturing sales rose 19.5% on a year-over-year basis in February.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220414/dq220414a-eng.htm
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.
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.
Blog – What is next for the Global Economy – October 2022
The global economy faces many challenges including high inflation and geopolitical risks.
Global debt levels are a deep concern for central banks as interest rates continue to rise
All levels of government need to re-think their progressive agenda. More needs to be done to reign in government spending. More emphasis needs to be on digital government and value for money as it relates to program spending and performance
Closing tax loopholes should be a priority for all levels of government as part bringing in tax fairness
Countries like Canada need to do more to streamline their regulatory process as part of getting goods out of the ground to market.
Farmers need more policy support as part of adopting vertical and expert farming practices. Food security and costs continue to be an issue for governments around the world
Power grid will require trillions of investments as it moves to net zero. Low electricity rates are likely a thing of the past. The capital recovery by electrical power generators will see a rise in rates.
The world needs to find ways to bring peace to world. United Nations needs to do a better job working with countries to resolved political issues with countries.
Manufacturing sales fell 0.9% to $71.6 billion in July, the third consecutive monthly decline, on lower sales in 12 of 21 industries, led by the primary metal (-9.9%), petroleum and coal product (-5.3%), and furniture and related products (-11.2%) industries. Meanwhile, sales of food (+2.5%), motor vehicle parts (+10.7%), and paper products (+8.1%) industries increased the most.
Chart 1
Manufacturing sales
Sales in constant dollars increased 0.6% in July, the second consecutive monthly increase, while the Industrial Product Price Index declined 2.1% for the month.
Source: https://www150.statcan.gc.ca/n1/daily-quotidien/220914/dq220914a-eng.htm
U.S. stocks were higher after the close on Monday, as gains in the Technology, Consumer Services and Consumer Goods sectors led shares higher.
At the close in NYSE, the Dow Jones Industrial Average added 0.30%, while the S&P 500 index climbed 0.81%, and the NASDAQ Composite index gained 1.90%.
The best performers of the session on the Dow Jones Industrial Average were Salesforce.com Inc (NYSE:CRM), which rose 3.11% or 6.60 points to trade at 218.85 at the close. Meanwhile, Apple Inc (NASDAQ:AAPL) added 2.37% or 4.13 points to end at 178.44 and Intel Corporation (NASDAQ:INTC) was up 2.27% or 1.09 points to 49.20 in late trade.
Source - https://www.investing.com/news/stock-market-news/us-stocks-higher-at-close-of-trade-dow-jones-industrial-average-up-030-2797767
Summary:
In August, Canada's merchandise exports decreased 2.9%, largely due to lower exports of energy products. Imports fell 1.7%, mainly on decreased imports of motor vehicles and parts. As a result, Canada's merchandise trade surplus with the world narrowed from $2.4 billion in July to $1.5 billion in August. This is the lowest monthly trade surplus observed to date in 2022.
Exports to countries other than the United States fell 4.3% in August. Exports to Hong Kong (gold), South Korea (coal and crude oil), the United Kingdom (crude oil and gold) and Japan (wheat, canola and copper) posted the largest declines.
Meanwhile, imports from countries other than the United States rose 1.1% in August. Higher imports from China (various products) and Belgium (pharmaceuticals) were partially offset by the decrease in imports from South Korea (light trucks and passenger cars).
The merchandise trade deficit with countries other than the United States widened from $8.3 billion in July to $9.2 billion in August.
Key facts:
a) Nearly $14B of the surplus is related to energy.
b) Canada continues to face challenges with near shoring of manufacturing
c) Canada needs to streamline regulations as part of getting goods out of the ground to market
d) Canada lacks ports and rail capacity to ship record levels of grains.
Source: https://www150.statcan.gc.ca/n1/daily-quotidien/221005/dq221005a-eng.htm
Summary
Canada has one of the slowest growing economies in the G20
Canada is finally adopting Australia similar strategy on taxation and funding for the critical metals
Interest rates are about to rise around the world
Global Inflation continues to challenge both the private and pubic sectors
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
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
Summary:
New orders for U.S.-made goods fell slightly more than expected in December, but manufacturing remains supported by businesses replenishing inventories.
The Commerce Department said on Thursday that factory orders decreased 0.4% in December. Data for November was revised higher to show orders increasing 1.8% instead of 1.6% as previously reported. Economists polled by Reuters had forecast factory orders slipping 0.2%. Orders increased 16.9% in 2021.
Manufacturing, which accounts for 11.9% of the economy, is being underpinned by businesses rebuilding inventories.
Source - https://money.usnews.com/investing/news/articles/2022-02-03/u-s-factory-orders-fall-in-december-shipments-rise-further
1. USA Manufacturing – https://www.yakimaherald.com/reshoring-manufacturing-might-be-washingtons-future/article_453dc45d-b050-58a8-9bf9-27a7d6a0c516.html
2. Manufacturing optimization - https://www.energy.gov/eere/amo/articles/department-energy-awards-28-million-10-projects-will-develop-emerging
3. AI and manufacturing - https://research.aimultiple.com/manufacturing-ai/
4. Robotics - https://austincountynewsonline.com/a-record-number-of-robots-joined-american-workforce-in-2021-amid-covid-labor-crunch/
5. Shortages - https://shopmetaltech.com/industry-update/u-s-manufacturing-grew-in-january-but-remains-plagued-by-bottlenecks.html
6. Food Production - https://manufacturingglobal.com/ai-and-automation/expect-to-see-these-food-manufacturing-trends-in-2022
7. Semiconductors - https://rollcall.com/2022/02/04/cost-to-rebuild-u-s-semiconductor-manufacturing-will-keep-growing/
8. PMI - https://www.investing.com/economic-calendar/manufacturing-pmi-829
9. Future of manufacturing - https://seekingalpha.com/article/4484370-future-of-manufacturing
10. Automotive - https://www.tti.com/content/ttiinc/en/resources/marketeye/categories/industry/me-staff-20220204.html
11. Farm - https://www.tti.com/content/ttiinc/en/resources/marketeye/categories/industry/me-staff-20220204.html
12. Automation - https://www.bmc.com/blogs/it-automation-trends/
13. Raw material - https://www.koreatimes.co.kr/www/tech/2022/02/419_21021.html?fa
Summary:
Following seven consecutive monthly increases, manufacturing sales fell 2.0% to $71.6 billion in May, on lower sales in 11 of 21 industries. The decline was primarily driven by the motor vehicle (-31.9%), primary metal (-4.1%), and miscellaneous manufacturing (-10.8%) industries. Meanwhile, sales of petroleum and coal products (+5.4%) and machinery (+3.3%) increased the most.
Sales in constant dollars decreased 3.9% in May, indicating that lower volumes were responsible for the decline in sales on a current dollars basis, while the Industrial Product Price Index rose 1.7% in May.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220714/dq220714a-eng.htm
Summary:
Imports rose in eight of 11 product sections, led by electronic and electrical equipment and parts, while motor vehicles and parts imports reached their highest level since February 2020.
Exports were driven lower by energy products, which fell for the first time since April 2021.
Source - https://www.nasdaq.com/articles/canada-posts-surprise-trade-deficit-of-c%24137-mln-in-december
1. Canada trade - https://www.marketwatch.com/story/canada-posts-c-137-million-trade-deficit-in-december-271644328443
2. Oil asset sale - https://www.reuters.com/business/energy/exclusive-canadas-crescent-point-looks-sell-some-oil-gas-assets-documents-2022-02-07/
3. Oil asset sale - https://financialpost.com/commodities/energy/oil-gas/spanish-oil-major-repsol-looking-to-sell-parts-of-its-canadian-assets-sources-2
4. Methane - https://www.canadianenergycentre.ca/international-comparisons-show-canada-doing-its-part-to-reduce-methane-emissions/
5. Clean - https://www.mondaq.com/canada/renewables/1158746/good-start-but-more-to-be-done-the-international-energy-agency39s-canada-2022-energy-policy-review
6. Mining - https://www.sudbury.com/local-news/research-network-seeking-proposals-to-modernize-mining-industry-5035029
7. Lithium - https://ca.proactiveinvestors.com/companies/news/973374/critical-resources-strengthens-canadian-lithium-footprint-on-finalising-graphic-lake-acquisition-973374.html
8. Port capacity - https://www.newswire.ca/news-releases/prince-rupert-port-expansion-improving-canada-s-ability-to-move-critical-goods-and-supplies-892065707.html
9. Lumber - https://www.timberindustrynews.com/canadas-lumber-giants-expand-u-s-amid-fight-tariffs/
10. Gold - https://www.northernontariobusiness.com/mining-the-northwest/mining-the-northwest-gold-developers-have-more-mines-in-the-project-pipeline-5030583
11. Oil - https://www.energyintel.com/0000017e-d4f0-da48-a97f-fdfa08170002
12. Labor costs - https://www.ibisworld.com/canada/industry-trends/industries-highest-labor-costs/
13. Australia - https://www.spglobal.com/marketintelligence/en/news-insights/research/australia-mining-by-the-numbers-2021
14. Rare Metals - https://www.kitco.com/news/2022-02-07/Global-rare-earth-metals-production-up-17-in-2021-as-production-in-China-jumps-20.html
USA hit a record $89B trade deficit in January 2022
China continues to lag on their trade agreements with the United States
USA is looking at dealing with despot countries as part of fixing issues with oil supplies - https://www.cnn.com/2022/03/08/politics/joe-biden-saudi-arabia-venezuela-iran-russia-oil/index.html. Both Canada and USA should be focus on increasing domestic production - https://www.slideshare.net/paulyoungcga/what-is-next-for-oil-and-gas-251300497
Russia is world leader in the critical metals. https://eandt.theiet.org/content/articles/2022/03/rare-earth-metal-prices-will-skyrocket-as-ukraine-russia-tensions-continue/
Global Automotive Sector - Analysis and Commentary - June 2022.pptxpaul young cpa, cga
Canada ZEV are about 6.2% of total vehicle sales, or about 8.4K to 12K per month. Global ZEV sales are about 13% of total automotive sales. There is misnomer as ZEV are not zero emission, especially as EMEA generates nearly 50% of its power requirements from non-clean sources of energy.
There are significant challenges with lithium, rare metals, and cobalt supplies that are forcing up the cost of electrical vehicles.
Brownouts are a fear due to many governments pushing their zero emissions agenda at all costs
Farmer in Netherlands continue to show their frustration with tougher environmental laws. Food costs and security are enormous issues for countries around the world.
There seems to be little appetite to push hybrid vehicles as well as deal with gas taxes as part of managing the cost of gasoline.
The United States runs a record trade deficit for March 2022paul young cpa, cga
The trade deficit jumped more than 22 percent to $109.8 billion, as the double-digit increase in imports to an all-time high of $351.5 billion outstripped the more modest gain in exports, the Commerce Department said.
But US exports also hit a record of $241.7 billion, the data showed.
As the world's largest economy showed a robust recovery from the pandemic disruptions in recent months, businesses have been hampered by global supply chain snarls and shortages that meant relatively modest import gains.
But the data showed a shift in March with a $3.2 billion increase in imports of autos, parts and engines -- including a $2.5 jump in passenger cars alone -- a $1.5 billion rise in computers, and $1.3 billion gain for computer accessories.
Purchases of furniture and household goods jumped $1.3 billion, while toys, games and sporting goods rose by a similar amount, the report said.
A strong American consumer is likely to support continued demand for imports, while slower recoveries among US trading partners could hold down export growth, economists say.
"The prevailing domestic and overseas economic environment could keep the deficit pinned near record levels and impose a significant headwind to US GDP growth," said Mahir Rasheed of Oxford Economics.
The Federal Reserve is raising interest rates as it grapples with accelerating inflation, which could tamp down demand.
In the first three months of the year, the goods and services deficit increased $84.8 billion, or 41.5 percent, from the same period in 2021, the report said.
Source - https://www.rfi.fr/en/us-trade-deficit-hits-highest-on-record-as-imports-soar
The increase came as imports of energy products gained 26.3 per cent for the month helped higher by imports of crude oil and bitumen as both prices and volumes rose. Imports of consumer goods rose 6.5 per cent, while motor vehicles and parts added 9.9 per cent.
Meanwhile, total exports rose 6.3 per cent to a record $63.6 billion in March as higher prices helped exports of energy products gain 12.8 per cent to a record $17.9 billion. Exports of motor vehicles and parts rose 7.9 per cent.
Excluding energy products, exports gained 4.0 per cent in March.
https://economics.bmo.com/en/publications/detail/21fe3df8-4b7e-4686-8766-d42eb0539c69/ and https://www.therecord.com/ts/business/2022/05/04/canada-posts-25b-trade-surplus-for-march-as-imports-and-exports-hit-record-highs.html
Manufacturing - Canada -February 2022 and March 2022.pptxpaul young cpa, cga
Manufacturing sales increased for the fifth consecutive month, up 4.2% to $67.7 billion in February on higher sales in 14 of 21 industries, led by the motor vehicle (+25.0%), food (+5.3%), petroleum and coal (+6.7%), and wood (+8.5%) industries. Meanwhile, sales of computer and electronic products decrease the most, down 7.9% to $1.2 billion in February. Total manufacturing sales rose 19.5% on a year-over-year basis in February.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220414/dq220414a-eng.htm
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.
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.
Blog – What is next for the Global Economy – October 2022
The global economy faces many challenges including high inflation and geopolitical risks.
Global debt levels are a deep concern for central banks as interest rates continue to rise
All levels of government need to re-think their progressive agenda. More needs to be done to reign in government spending. More emphasis needs to be on digital government and value for money as it relates to program spending and performance
Closing tax loopholes should be a priority for all levels of government as part bringing in tax fairness
Countries like Canada need to do more to streamline their regulatory process as part of getting goods out of the ground to market.
Farmers need more policy support as part of adopting vertical and expert farming practices. Food security and costs continue to be an issue for governments around the world
Power grid will require trillions of investments as it moves to net zero. Low electricity rates are likely a thing of the past. The capital recovery by electrical power generators will see a rise in rates.
The world needs to find ways to bring peace to world. United Nations needs to do a better job working with countries to resolved political issues with countries.
Manufacturing sales fell 0.9% to $71.6 billion in July, the third consecutive monthly decline, on lower sales in 12 of 21 industries, led by the primary metal (-9.9%), petroleum and coal product (-5.3%), and furniture and related products (-11.2%) industries. Meanwhile, sales of food (+2.5%), motor vehicle parts (+10.7%), and paper products (+8.1%) industries increased the most.
Chart 1
Manufacturing sales
Sales in constant dollars increased 0.6% in July, the second consecutive monthly increase, while the Industrial Product Price Index declined 2.1% for the month.
Source: https://www150.statcan.gc.ca/n1/daily-quotidien/220914/dq220914a-eng.htm
U.S. stocks were higher after the close on Monday, as gains in the Technology, Consumer Services and Consumer Goods sectors led shares higher.
At the close in NYSE, the Dow Jones Industrial Average added 0.30%, while the S&P 500 index climbed 0.81%, and the NASDAQ Composite index gained 1.90%.
The best performers of the session on the Dow Jones Industrial Average were Salesforce.com Inc (NYSE:CRM), which rose 3.11% or 6.60 points to trade at 218.85 at the close. Meanwhile, Apple Inc (NASDAQ:AAPL) added 2.37% or 4.13 points to end at 178.44 and Intel Corporation (NASDAQ:INTC) was up 2.27% or 1.09 points to 49.20 in late trade.
Source - https://www.investing.com/news/stock-market-news/us-stocks-higher-at-close-of-trade-dow-jones-industrial-average-up-030-2797767
Summary:
In August, Canada's merchandise exports decreased 2.9%, largely due to lower exports of energy products. Imports fell 1.7%, mainly on decreased imports of motor vehicles and parts. As a result, Canada's merchandise trade surplus with the world narrowed from $2.4 billion in July to $1.5 billion in August. This is the lowest monthly trade surplus observed to date in 2022.
Exports to countries other than the United States fell 4.3% in August. Exports to Hong Kong (gold), South Korea (coal and crude oil), the United Kingdom (crude oil and gold) and Japan (wheat, canola and copper) posted the largest declines.
Meanwhile, imports from countries other than the United States rose 1.1% in August. Higher imports from China (various products) and Belgium (pharmaceuticals) were partially offset by the decrease in imports from South Korea (light trucks and passenger cars).
The merchandise trade deficit with countries other than the United States widened from $8.3 billion in July to $9.2 billion in August.
Key facts:
a) Nearly $14B of the surplus is related to energy.
b) Canada continues to face challenges with near shoring of manufacturing
c) Canada needs to streamline regulations as part of getting goods out of the ground to market
d) Canada lacks ports and rail capacity to ship record levels of grains.
Source: https://www150.statcan.gc.ca/n1/daily-quotidien/221005/dq221005a-eng.htm
Summary
Canada has one of the slowest growing economies in the G20
Canada is finally adopting Australia similar strategy on taxation and funding for the critical metals
Interest rates are about to rise around the world
Global Inflation continues to challenge both the private and pubic sectors
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
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
Similar to USA - Manufacturing - April 2022 and May 2022.pptx (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
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/
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
Construction Spending and Outlook - The USA and the World - August 2023.pptxpaul young cpa, cga
Blog – Construction Sector Analysis and Commentary – August 2023
Summary:
The outlook for US construction of affordable housing is set to change dramatically over the next two years. "Developers see a massive shortage ahead, which threatens to undo the recent progress in closing the daunting affordable housing gap in many US cities," reports Bloomberg.
While interest rates have been increasing, the number of housing projects starting this year has been cut significantly. 2022 projects will typically come online after 18-24 months, therefore construction companies are expecting a severe supply shortage by mid-2025.
This slowdown is supported by statistics from the US Department of Housing and Urban Development (HUD) which received 506 applications as of May, eight months into fiscal year 2023, totalling US$12bn in Federal Housing Administration loans to construct multi-family developments. This is about half the volume of the same eight-month period in FY22 (940 applications for US$22bn) and less than one-third of the volume for the same stretch in FY21 (1739 applications for US$37bn).
The higher costs associated with inflation and rising interest rates are creating financial gaps making it hard for developers to complete below-market rental projects, resulting in significant delays, says Bloomberg.
Single-family construction starts slipped after a four-month run, down seven per cent in June, while applications for permits rose 2.2 per cent from May, according to the Census Bureau and HUD.
Source - https://www.cemnet.com/News/story/175467/us-construction-outlook-is-about-to-change-for-crh-and-others.html
Other links and sources
1. Biodiversity / Construction - https://coastcommunitynews.com.au/central-coast/news/2023/08/biodiversity-overhaul-could-pave-the-way-for-more-housing-construction/
2. CO2 embodying - https://www.linkedin.com/posts/algomaco_california-becomes-first-state-to-adopt-mandatory-activity-7095045267430809600-y2pV/
3. Green Cement - https://environmentjournal.ca/lafarge-canada-pilots-cleantech-project-to-support-sustainable-cement-production/
4. Building codes - https://www.buildinggreen.com/newsbrief/marin-county-first-adopt-low-carbon-concrete-code
5. Energy - https://www.armstrongceilings.com/commercial/en/performance/sustainable-building-design/embodied-carbon-in-buildings.html
6. Climate Change Risks - https://urbanland.uli.org/public/climate-risk-is-financial-risk-the-ever-evolving-landscape-of-climate-related-financial-disclosures/
7. Net Zero - https://www.esmagazine.com/articles/103351-the-path-to-net-zero-buildings-3-steps-to-turn-sustainability-ambition-into-action
8. Ports / Clean - https://www.bnnbloomberg.ca/ports-in-europe-lure-investors-into-clean-energy-gateway-plan-1.1966430
9. Broadband spending - https://ca.news.yahoo.com/broadcom-gives-downbeat-forecast-signaling-221519671.html
10. Construction materials - https://www.marketplace.org/2023/09/01/climate-change-is-making-home-construction-more-expe
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Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
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.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
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 can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
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
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.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
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USA - Manufacturing - April 2022 and May 2022.pptx
1. P A U L Y O U N G C P A C G A
J U N E 6 , 2 0 2 2
MANUFACTURING – USA – WHAT IS
NEXT
2. Paul Young - Bio
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
YouTube - https://www.youtube.com/user/youngercga1968/videos
3. Agenda
• USA Manufacturing / Shipments for August 2021
• USA PMI Index
• Reshoring / Manufacturing
• Steel
• AG Equipment
• Class 8 Trucks
• Oil and Energy
• Analytics / Manufacturing
• Climate Change / Supply Chain
6. PMI Index
Source - https://economics.bmo.com/en/publications/detail/04b97e63-304d-4396-a90e-8e402276f170/
U.S. PMI, JOLTS and
Construction Spending ... A Case of Yeah, But - April 2022.pdf
7. Steel
Steelmakers Falling Behind the 2021 Pace
Global crude steel production totaled 162.7 million mt in April, down 5.1% from April 2021, according
to World Steel Association data published May 24.
https://www.americanmachinist.com/news/article/21242928/april-tonnage-shows-steelmakers-falling-behind-
the-2021-pace-world-steel-
assn?utm_source=IY+IW+QM+News&utm_medium=email&utm_campaign=CPS220530005&o_eid=7930I4506489
J2B&rdx.ident%5Bpull%5D=omeda%7C7930I4506489J2B&oly_enc_id=7930I4506489J2B
https://www.slideshare.net/paulyoungcga/steel-sector-canada-and-the-united-states-april-2022pptx
8. North American Equipment Sales
Source - https://www.aem.org/Market-Data/
US-Month-Ag-Report
-4-2022 - Copy.pdf
CAN-Month-Ag-Repo
rt-4-2022 - Copy.pdf
11. Class 8 Truck Sales
S o u r c e – T h e T r u c k e r a n d h t t p s : / / w w w . t t n e w s . c o m / a r t i c l e s / s e p t e m b e r - c l a s s - 8 - s a l e s - h i g h e s t -
y e a r o r h t t p s : / / w w w . t t n e w s . c o m / a r t i c l e s / c l a s s - 8 - s a l e s - n o v e m b e r - s l i p o r
h t t p s : / / w w w . t t n e w s . c o m / a r t i c l e s / d e c e m b e r - c l a s s - 8 - s a l e s - r e a c h - h i g h - m a r k - 2 0 2 0 - d o w n - 7 4 -
c o m p a r e d - 2 0 1 9
13. Reshoring of Manufacturing
Source - https://www.ttnews.com/articles/2020-events-force-manufacturers-rethink-reshoring-operation-plans
14. Supply Chain
Companies worldwide are adapting to the pandemic by shifting production closer to customers, but such
efforts to make supply chains more resilient also complicate tax obligations, EY said.
“There’s a lot of benefits that can be obtained” by overhauling global supply chains, according to Craig
Hillier, international tax and transactions services leader at EY. “But there are all these knock-on tax, financial
system, payroll, people, talent issues that need to be addressed as well.”
CFOs need to consider “a whole host of tax issues,” including exit tax cost and transfer of goodwill, Hillier
said Thursday during an EY webinar. At the same time, companies shifting supply chains might gain benefits
such as tax breaks and funding for employment and training, he said, noting “there’s a lot out there at the
moment that companies can take advantage of.”
https://www.cfodive.com/news/supply-chain-overhaul-brings-benefits-tax-complexity-
ey/617973/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202022-01-
31%20CFO%20Dive%20%5Bissue:39446%5D&utm_term=CFO%20Dive
My work: https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global-economy-january-2022-
251041058
15. Mitigating Climate Change
• Building a resilient supply chain
• Moving to zero-waste
• Adoption of policies related to the circular economy
• Adopting ESG reporting
• Adopting risk and crisis management reporting
• Continue look at ways to better management of water
• Work with insurance providers on how manage insurance costs.
Source - https://www.slideshare.net/paulyoungcga/how-to-mitigate-the-threats-of-climate-change-september-2021
16. Industry 4.0
Summary:
Businesses around the world continue to look at how best to optimize their business operations including advance manufacturing.
ESG is pushing both the private and public sectors to revisit their environmental, social, and governance policies and
procedures. https://www.pwc.com/ca/en/media/release/pwc-canada-study-shows-esg-reporting-falls-short-across-
canadas-top-150-public-companies.html or My box folders -
https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce or Accelerator -
https://community.ibm.com/accelerators/catalog/content/R6-Sustainability or My video -
https://www.youtube.com/watch?v=M-IEsfJWxXo&t=40s
My work: https://www.slideshare.net/paulyoungcga/what-is-next-for-industry-40
17. Summary
• USA manufacturing will continue to face many challenges
Blog – What is up with United States Manufacturing
USA Manufacturing -
April 2022.pdf
`
U.S. PMI, JOLTS and
Construction Spending ... A Case of Yeah, But - April 2022.pdf
U.S. Department of
Energy Allocates $3 Billion in Infrastructure Funding to EV Battery Manufacturing and Clean Technology.pdf
Ford to add over
6,000 U.S. jobs as it boosts electric vehicle production and prepares for a new Mustang - Auto Recent.pdf
Electric car supplies
are running out — and that could drastically slow down the net-zero journey.pdf
Ganfeng kicks off
construction of Mariana lithium project in Argentina - MINING.COM.pdf
Crude Steel
Production in 2021 Shifted from China to Other Countries amid Supply Chain Chaos US Production Spiked 15_ Wolf Street.pdf
Class 8 Truck Orders
— FTR Orders & Indices.pdf
Farm Equipment
Demand Aid AGCO Corp (AGCO) Despite Higher Costs.pdf
Aerospace industry
order uplift as recovery continues - Aerospace Manufacturing.pdf
Lumber is the
cheapest in seven months as housing markets soften - BNN Bloomberg.pdf
Oil prices hit $120 as
Saudi July price rise eclipses OPEC+ deal Reuters.pdf
Data Shows May US
LNG Exports Reach 2nd Highest as Latin America Shipments Gain Pipeline and Gas Journal.pdf
3 Robotic stocks to
invest in 2022 - Equity.Guru.pdf
U.S. ISM
Manufacturing Index (May 2022).pdf
Summary:
The May ISM manufacturing index registered 56.1, topping expectations of a 54.5 print.
The index rose 0.7 percentage points from the April reading of 55.4.
New orders rose by 1.6 percentage points to 55.1, while new export orders rose by 0.2
percentage points to 52.9.
The backlog of orders sub-index came in at 58.7, rising 2.7 percentage points from
April's 56.0 print.
The production index increased 0.6 percentage points to 54.2 while the employment
index fell 1.3 percentage points to 49.6.
The supplier deliveries sub-index fell to 65.7 from 67.2 in April. The sub-index continues
to reflect difficulties in improving delivery rates due to production issues related to the
pandemic.
15 of 18 manufacturing industries reported growth in May. Growth was led by Apparel,
Leather & Allied Products; printing & Related Support Activities; Machinery;
Nonmetallic Mineral Products; Computer Electronic Products; and Food, Beverage &
Tobacco Products.
Source - https://economics.td.com/us-ism-manufacturing-index
1. Battery production - https://www.thomasnet.com/insights/u-s-department-of-energy-allocates-
3-billion-in-infrastructure-funding-to-ev-battery-manufacturing-thomas-index-report/