Blog – What is next for Monetary Policies – Canada – October 2022
Inflation especially food costs continue to impact global consumers. Countries like Canada have targeted an inflation rate of 2.1%. The current inflation rate is about 6.9%, or about three times the target rate. Canada is schedule to hike payroll taxes and carbon taxes in 2023 - https://www.cbc.ca/news/canada/newfoundland-labrador/ken-mcdonald-carbon-tax-exemption-home-heating-1.6628460
Housing prices continue to fall. Housing affordability continues to be challenge for people around the world - https://www.bnnbloomberg.ca/the-daily-chase-looking-ahead-toward-boc-announcement-canopy-looks-to-grow-u-s-footprint-1.1836958
Slower demand has improved port throughput, but there are still issues with lack of capacity to manage exports and imports. https://www.manilatimes.net/2022/10/26/business/maritime/iaph-takes-steps-to-close-port-gaps/1863673
Canada was seeing slow growth back in 2019. The Liberals policies did little to address issues with innovation, skills, productivity, regulations, and tax reforms. Liberals decided to focus on bigger government! https://www.slideshare.net/paulyoungcga/201-election-canada-and-world-slow-economic-growth-august-2019
BOC and other reserve banks need to think extremely hard about rising of interest rates. The threat of global recession grows each day. BOC would be better off to pause interest rates and look at other areas of policies as part of managing monetary government. The federal government should be focus on drastic policy changes including pausing all new tax hikes including hikes to CPP, EI, and carbon tax. The focus should be on addressing issues with port capacity, promoting more innovation, productivity improvements, skills gap, housing supply, and streamlining of taxation and regulations as it relates to the goods-producing sector.
Bank of Canada - What is next for Monetary Policies - June 2022.pptxpaul young cpa, cga
Last month Deputy Governor Gravelle described the bank’s 1% overnight rate as “too stimulative” and the same could be said of today’s 1.5%. Indeed, the policy statement noted that with the economy in excess demand and inflation well above target and still yet to peak, “interest rates will need to rise further.” It finished by saying the bank is “prepared to act more forcefully if needed”—that’s not new language for the BoC but it’s new to the policy statement.
Source - https://ca.rbcwealthmanagement.com/103.branch/blog/3368558-Bank-of-Canada-hikes-interest-rates-another-50-bps-and-isnt-done-yet
What is next for Monetary Policies - Canada - September 2022.pptxpaul young cpa, cga
Blog – What is next for Monetary Policies – Canada – September 2022
Canada has struggled with productivity issues for over 20 years. The liberals have done little address productivity including making changes to tax code related to capital cost allowance, R&D credits, training credits, etc.
Canada lock down strategy and stimulus has led to higher inflation. Liberals never had a plan to pull back on the stimulus through targeted measures that would better support improving supply chain, productivity, skills gap, and innovation
Canadian dollar has hit a two-year low,
Canada housing market was artificially kept high for years. The housing prices continue to fall.
Canada needs to revamp its tax and regulatory policies as part of getting goods out of the ground to market
Bank of Canada - What is next for Monetary Policies - May 2022.pptxpaul young cpa, cga
The document discusses monetary policy and its importance to governments. It provides an overview of monetary policy, how the Bank of Canada implements monetary policies, and some of the key challenges currently facing the Canadian economy, including high inflation, rising housing costs, and high household debt levels. The author expresses concerns that inflation may remain elevated in Canada due to factors like carbon tax increases, infrastructure investment needs, and ongoing supply chain issues.
How can Bank of Canada achieve its 2% Inflation target for Canadapaul young cpa, cga
The document discusses various issues facing the Canadian economy, including high inflation, housing unaffordability, lack of productivity and innovation. It argues that Justin Trudeau's policies have not adequately addressed long-standing structural problems and that all levels of government need reforms to taxation, spending, innovation programs, and housing policy to boost the economy. The Bank of Canada is keeping interest rates low due to high inflation and uncertainty around achieving full employment. Foreign investment is inflating home prices while productivity and competitiveness have lagged.
Bank of Canada| What is next for Canada's Monetary Policiespaul young cpa, cga
“Having said that, we knew that Omicron-induced restrictions will undoubtedly slow the economic recovery, making the Bank of Canada cautious. An increase in rates when two of Canada’s biggest provinces are under strict restrictions might have sent the wrong signals.”
Source - https://financialpost.com/news/economy/bank-of-canada-interest-rate-decision-0126-22
1. Canada household debt - https://www.bnnbloomberg.ca/pattie-lovett-reid-are-you-going-to-get-hurt-by-higher-rates-it-doesn-t-have-to-be-that-way-1.1714123
2. Productivity - https://abacusdata.ca/shortage-economy-canada-polling/
3. Business investment - https://www.saltwire.com/nova-scotia/news/canada/will-rate-hikes-dampen-canadas-already-lacklustre-business-investment-100685123/
4. Startups - https://financialpost.com/sponsored/business-sponsored/embracing-entrepreneurship-for-all-to-drive-canadas-innovation-economy-forward
5. AI - https://stories.td.com/ca/en/news/2022-01-26-td-builds-on-commitment-to-advance-ai-with-early-renewal-of
6. Skills - https://stories.td.com/ca/en/news/2022-01-26-td-builds-on-commitment-to-advance-ai-with-early-renewal-of
7. Supply chain - https://www.cips.org/supply-management/news/2022/january/covid-clampdown-guarantees-supply-chain-disruption/
8. Freight - https://www.fm-magazine.com/news/2022/jan/freight-rates-wont-ease-2022.html
9. Career - https://smartasset.com/data-studies/best-jobs-that-dont-require-a-bachelors-degree-2022
10. Trades - https://www.cimmigrationnews.com/canada-needs-to-reform-immigration-system-to-help-skill-trades-says-ontario-organization/
11. Business automation - https://www.forbes.com/sites/forbestechcouncil/2022/01/25/why-manufacturing-automation-should-dominate-the-2022-business-agenda/?sh=24b98668176e
Bank of Canada - What is next for Monetary Policies - April 2022.pptxpaul young cpa, cga
The document discusses monetary policy and its importance to governments. It provides an overview of monetary policy, how the Bank of Canada implements monetary policy, and some of the challenges currently facing the Canadian economy in relation to GDP growth, inflation, housing prices, household debt levels, and productivity. The author expresses concerns that inflation may remain higher than expected due to factors like carbon taxes, critical materials supply issues, and infrastructure investment needs.
Summary:
Canada’s economic expansion showed signs of moderation in May and June, pulling back from a strong start to the year in the face of high inflation and rising interest rates.
Output in June was on track for a small increase of 0.1 per cent after stalling in May, Statistics Canada said on Friday. That follows three months of strong growth between February and April that helped fuel a robust expansion in the second quarter, which the agency estimated at about 4.6 per cent annualized.
The results show a picture of an economy that was unscathed from the global slowdown in the first part of the year but may be entering a period of much slower growth.
The Bank of Canada has raised its benchmark policy rate by more than two percentage points since March to slow four-decade high inflation, and is expected to continue hiking by at least another half-percentage point at its next policy decision in September
Source - https://www.bnnbloomberg.ca/canada-s-economy-stalled-in-may-1.1798830
Bank of Canada hikes interest rates to combat High Inflation and High cost of...paul young cpa, cga
Summary:
High inflation is here to stay for awhile due to failed agendas of government.
Mitigating climate change is very important. The mitigation should be done through better policy including how to best support cheap energy costs. The focus should also be on policies and programs that support the green and circular economy.
Canada has lost it ways when it comes to encouraging innovation within the private and public sector. Trudeau policies have been a failure!
Liberals around the world should revisiting their so-called carbon pricing schemes. There is a better approach to protecting the environment while growing the economy in a sustainable way. https://www.slideshare.net/paulyoungcga/how-the-public-and-private-sector-can-better-supoort-the-circular-and-green-economies
Housing costs continue to rise! https://www.ctvnews.ca/business/interest-rate-hike-won-t-cool-housing-say-experts-1.5802515
1. Interest rates - https://wowa.ca/bank-of-canada-interest-rate
2. First interest hike since 2018 - https://www.bnnbloomberg.ca/bank-of-canada-hikes-rates-for-first-time-since-2018-1.1731177
3. Inflation - https://globalnews.ca/news/8654004/canada-interest-rate-hike-march-2022/
4. Inflation - https://www.bnnbloomberg.ca/boc-will-have-to-kill-the-economy-to-crush-inflation-rosenberg-1.1731579
5. UBI - https://www.ubiworks.ca/howtopay
6. Green inflation - https://www.advisor.ca/investments/market-insights/green-energy-low-supply-to-drive-copper-prices/
7. Inflation - https://www.bloomberg.com/opinion/articles/2022-03-02/biden-state-of-union-proposals-would-do-little-to-curb-inflation
8. Energy - https://www.tester.senate.gov/?p=press_release&id=8934
9. Oil - https://www.jwnenergy.com/article/2022/3/2/mayhem-reigns-in-oil-markets-as-traders-avoid-russ/
10. LNG - https://www.bnnbloomberg.ca/threat-to-europe-gas-supply-bolsters-push-on-new-u-s-lng-plants-1.1731478
11. Food security - https://www.newsweek.com/war-ukraine-global-food-security-crisis-opinion-1683791
12. Housing affordability - https://betterdwelling.com/canadian-housing-affordability-hits-the-worst-level-since-the-last-bubble-nbf/
13. Commodities - https://www.bloomberg.com/markets/commodities
Bank of Canada - What is next for Monetary Policies - June 2022.pptxpaul young cpa, cga
Last month Deputy Governor Gravelle described the bank’s 1% overnight rate as “too stimulative” and the same could be said of today’s 1.5%. Indeed, the policy statement noted that with the economy in excess demand and inflation well above target and still yet to peak, “interest rates will need to rise further.” It finished by saying the bank is “prepared to act more forcefully if needed”—that’s not new language for the BoC but it’s new to the policy statement.
Source - https://ca.rbcwealthmanagement.com/103.branch/blog/3368558-Bank-of-Canada-hikes-interest-rates-another-50-bps-and-isnt-done-yet
What is next for Monetary Policies - Canada - September 2022.pptxpaul young cpa, cga
Blog – What is next for Monetary Policies – Canada – September 2022
Canada has struggled with productivity issues for over 20 years. The liberals have done little address productivity including making changes to tax code related to capital cost allowance, R&D credits, training credits, etc.
Canada lock down strategy and stimulus has led to higher inflation. Liberals never had a plan to pull back on the stimulus through targeted measures that would better support improving supply chain, productivity, skills gap, and innovation
Canadian dollar has hit a two-year low,
Canada housing market was artificially kept high for years. The housing prices continue to fall.
Canada needs to revamp its tax and regulatory policies as part of getting goods out of the ground to market
Bank of Canada - What is next for Monetary Policies - May 2022.pptxpaul young cpa, cga
The document discusses monetary policy and its importance to governments. It provides an overview of monetary policy, how the Bank of Canada implements monetary policies, and some of the key challenges currently facing the Canadian economy, including high inflation, rising housing costs, and high household debt levels. The author expresses concerns that inflation may remain elevated in Canada due to factors like carbon tax increases, infrastructure investment needs, and ongoing supply chain issues.
How can Bank of Canada achieve its 2% Inflation target for Canadapaul young cpa, cga
The document discusses various issues facing the Canadian economy, including high inflation, housing unaffordability, lack of productivity and innovation. It argues that Justin Trudeau's policies have not adequately addressed long-standing structural problems and that all levels of government need reforms to taxation, spending, innovation programs, and housing policy to boost the economy. The Bank of Canada is keeping interest rates low due to high inflation and uncertainty around achieving full employment. Foreign investment is inflating home prices while productivity and competitiveness have lagged.
Bank of Canada| What is next for Canada's Monetary Policiespaul young cpa, cga
“Having said that, we knew that Omicron-induced restrictions will undoubtedly slow the economic recovery, making the Bank of Canada cautious. An increase in rates when two of Canada’s biggest provinces are under strict restrictions might have sent the wrong signals.”
Source - https://financialpost.com/news/economy/bank-of-canada-interest-rate-decision-0126-22
1. Canada household debt - https://www.bnnbloomberg.ca/pattie-lovett-reid-are-you-going-to-get-hurt-by-higher-rates-it-doesn-t-have-to-be-that-way-1.1714123
2. Productivity - https://abacusdata.ca/shortage-economy-canada-polling/
3. Business investment - https://www.saltwire.com/nova-scotia/news/canada/will-rate-hikes-dampen-canadas-already-lacklustre-business-investment-100685123/
4. Startups - https://financialpost.com/sponsored/business-sponsored/embracing-entrepreneurship-for-all-to-drive-canadas-innovation-economy-forward
5. AI - https://stories.td.com/ca/en/news/2022-01-26-td-builds-on-commitment-to-advance-ai-with-early-renewal-of
6. Skills - https://stories.td.com/ca/en/news/2022-01-26-td-builds-on-commitment-to-advance-ai-with-early-renewal-of
7. Supply chain - https://www.cips.org/supply-management/news/2022/january/covid-clampdown-guarantees-supply-chain-disruption/
8. Freight - https://www.fm-magazine.com/news/2022/jan/freight-rates-wont-ease-2022.html
9. Career - https://smartasset.com/data-studies/best-jobs-that-dont-require-a-bachelors-degree-2022
10. Trades - https://www.cimmigrationnews.com/canada-needs-to-reform-immigration-system-to-help-skill-trades-says-ontario-organization/
11. Business automation - https://www.forbes.com/sites/forbestechcouncil/2022/01/25/why-manufacturing-automation-should-dominate-the-2022-business-agenda/?sh=24b98668176e
Bank of Canada - What is next for Monetary Policies - April 2022.pptxpaul young cpa, cga
The document discusses monetary policy and its importance to governments. It provides an overview of monetary policy, how the Bank of Canada implements monetary policy, and some of the challenges currently facing the Canadian economy in relation to GDP growth, inflation, housing prices, household debt levels, and productivity. The author expresses concerns that inflation may remain higher than expected due to factors like carbon taxes, critical materials supply issues, and infrastructure investment needs.
Summary:
Canada’s economic expansion showed signs of moderation in May and June, pulling back from a strong start to the year in the face of high inflation and rising interest rates.
Output in June was on track for a small increase of 0.1 per cent after stalling in May, Statistics Canada said on Friday. That follows three months of strong growth between February and April that helped fuel a robust expansion in the second quarter, which the agency estimated at about 4.6 per cent annualized.
The results show a picture of an economy that was unscathed from the global slowdown in the first part of the year but may be entering a period of much slower growth.
The Bank of Canada has raised its benchmark policy rate by more than two percentage points since March to slow four-decade high inflation, and is expected to continue hiking by at least another half-percentage point at its next policy decision in September
Source - https://www.bnnbloomberg.ca/canada-s-economy-stalled-in-may-1.1798830
Bank of Canada hikes interest rates to combat High Inflation and High cost of...paul young cpa, cga
Summary:
High inflation is here to stay for awhile due to failed agendas of government.
Mitigating climate change is very important. The mitigation should be done through better policy including how to best support cheap energy costs. The focus should also be on policies and programs that support the green and circular economy.
Canada has lost it ways when it comes to encouraging innovation within the private and public sector. Trudeau policies have been a failure!
Liberals around the world should revisiting their so-called carbon pricing schemes. There is a better approach to protecting the environment while growing the economy in a sustainable way. https://www.slideshare.net/paulyoungcga/how-the-public-and-private-sector-can-better-supoort-the-circular-and-green-economies
Housing costs continue to rise! https://www.ctvnews.ca/business/interest-rate-hike-won-t-cool-housing-say-experts-1.5802515
1. Interest rates - https://wowa.ca/bank-of-canada-interest-rate
2. First interest hike since 2018 - https://www.bnnbloomberg.ca/bank-of-canada-hikes-rates-for-first-time-since-2018-1.1731177
3. Inflation - https://globalnews.ca/news/8654004/canada-interest-rate-hike-march-2022/
4. Inflation - https://www.bnnbloomberg.ca/boc-will-have-to-kill-the-economy-to-crush-inflation-rosenberg-1.1731579
5. UBI - https://www.ubiworks.ca/howtopay
6. Green inflation - https://www.advisor.ca/investments/market-insights/green-energy-low-supply-to-drive-copper-prices/
7. Inflation - https://www.bloomberg.com/opinion/articles/2022-03-02/biden-state-of-union-proposals-would-do-little-to-curb-inflation
8. Energy - https://www.tester.senate.gov/?p=press_release&id=8934
9. Oil - https://www.jwnenergy.com/article/2022/3/2/mayhem-reigns-in-oil-markets-as-traders-avoid-russ/
10. LNG - https://www.bnnbloomberg.ca/threat-to-europe-gas-supply-bolsters-push-on-new-u-s-lng-plants-1.1731478
11. Food security - https://www.newsweek.com/war-ukraine-global-food-security-crisis-opinion-1683791
12. Housing affordability - https://betterdwelling.com/canadian-housing-affordability-hits-the-worst-level-since-the-last-bubble-nbf/
13. Commodities - https://www.bloomberg.com/markets/commodities
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
Fiscal Management| Canada| Analysis and Commentary| October 18, 2020 paul young cpa, cga
This document provides an agenda for a presentation on fiscal management in Canada. It includes biographical information about the presenter, Paul Young. The presentation will cover the fiscal management cycle for the 2019/2020 fiscal year at the federal and provincial levels. It will also discuss Canada's pandemic response, credit downgrades, the size of government, GDP growth in provinces, and key metrics for GDP. The importance of audits will be emphasized. The agenda indicates there will be discussion of federal spending in 2020/2021, pandemic stimulus spending, deficits as a percentage of GDP, debt downgrades, job quality in Canada and the US, and GDP levels.
What is Monetary Policy and How does Government deal with Monetary Policiespaul young cpa, cga
This document discusses monetary policy and why it is important to governments. It provides background on the author Paul Young and his expertise. The document then covers topics such as what monetary policy is, Canada's issues with inflation, housing costs and household debt levels. It argues that the Canadian government needs to consider monetary policies as part of fiscal management and that current inflation levels are a concern for the Bank of Canada.
Do Canadians have trust with Justin Trudeau Government - October 20. 2022.pptxpaul young cpa, cga
Summary:
Trudeau and his government continue face questions related to invoking of the emergency act. https://nationalpost.com/opinion/john-ivison-the-emergencies-act-inquiry-reveals-government-failure
Food costs are up over 11% from September 2021. Trudeau blames Ukraine War. The fact is food prices were going up long before the Ukraine war due to Trudeau climate agenda including more regulations and the carbon tax - https://www.slideshare.net/paulyoungcga/agriculture-equipment-sector-analysis-and-commentary-farmingpptx-253516619
Canada is heading to slow economic growth including a possible recession. I call out Trudeau back in late 2019 that his policies never addressed productivity, innovation and FDI investment, skills gap, building supply chain resiliency. https://www.slideshare.net/paulyoungcga/world-and-slow-economic-growth
Trudeau foreign policies have also been a disaster. Freeland said recently that they are doing a reset on foreign policies
https://www.theglobeandmail.com/politics/article-freeland-issues-a-clarion-call-from-canadas-foreign-policy-void/
Canada has been a laughingstock on the foreign policy front ever since @JustinTrudeau was elected to office. Each foreign affairs minister has been worse than the one before her/him.
https://www.slideshare.net/paulyoungcga/is-canada-back-on-the-world-scene-foreign-affairs-and-policiespptx or https://www.slideshare.net/paulyoungcga/election-2019-foreign-policies-and-affairs-canada-and-the-world
Justin Trudeau is great at promising the world but not so great at delivering results. Canadians need to keep pushing their elected representatives that Canada needs a new path. The progressive agenda is a failure. It is time to bring government to center and focus on delivering program spending with value for money along focusing on economic and tax policies that will drive FDI in areas like technology, mining, energy, forestry, agriculture, manufacturing, retail, construction, etc.
Monetary Policy | Fiscal and Economic Policies| Public Sector| Governmentpaul young cpa, cga
This document provides an overview of monetary policy and its importance to government. It begins with an introduction of the author Paul Young and his background. The agenda then outlines topics to be covered, including definitions of monetary policy, discussions of inflation and producer prices in Canada, issues around housing, cost of living, household debt, GDP, and fiscal management. Slides and sources are referenced throughout to provide additional context. The overall message is that monetary policy and fiscal management should work in coordination to address economic challenges facing Canada.
Has Justin Trudeau and Liberal Government been Open, Transparent, and Account...paul young cpa, cga
Blog – Has Liberal Government of Canada been Open, Transparent, and Accountable – October 1, 2022
Justin Trudeau and his team claim that EI and CPP investments. EI and CPP have always been payroll taxes!
Guilbeault spoke out about the elimination the carbon tax. The carbon tax is regressive tax that punishes low to middle class earners more than the wealthiest in Canada. Canada is also a carbon sink that Guilbeault never ever mention in his very posts on social media. There has been a tax on pollution for years. CO2 is not a pollutant - https://www.slideshare.net/paulyoungcga/how-to-mitigate-the-impact-of-climate-change-september-2022pptx-253224949
Canada is heading for a recession. This recession could be very tough as many households are struggling with high-cost living including hikes to interest rates.
Canada GDP continues to face many challenges!
Annual Financial Report| Government of Canada| 2019-2020| Analysis and Commen...paul young cpa, cga
This document provides an annual report and analysis of the Government of Canada by Paul Young, a CPA and subject matter expert. It includes summaries of GDP growth, debt, and surplus/deficit by Prime Minister. Metrics for October and November 2020 on key economic indicators are presented. Blogs discuss topics like GDP, employment, goods production, the environment, fiscal management, and foreign policies. The document advocates for balancing the economy and environment, addressing affordability and job quality issues, and reforming government to better support economic development in a digital age.
Do Canadians have trust with Justin Trudeau Government - October 27, 2022.pptxpaul young cpa, cga
Justin Trudeau never discusses how his policies like fuel-added or carbon tax or excessive regulations have on supply chain including costs.
Emergency act was never required. Trudeau wanted the problem to go away as it was damaging his brand.
Canada is headed to a nasty recession that could see an increase in bankruptcies
Economies go through changes over fiscal and business cycle. The role of government is to create policies that support economic growth along with fiscal management cycle that delivers program with consideration of both tax fairness and value for moneys
This document provides an agenda and overview for a presentation on issues facing the slowing Canadian economy. It discusses global economic challenges, forecasts slowing GDP growth for Canada and other countries. Specific challenges mentioned for Canada include deficits, debt, the housing market, productivity, trade, and supporting employment and the middle class. Solutions proposed include improving education and skills training, cutting red tape, supporting exports and retail sales, and revamping policies around areas like taxation, infrastructure spending, and the housing market.
The document provides an analysis of Canada's GDP and economic outlook in July 2020. It discusses:
- Canada's large COVID-19 deficits and debt levels which are unprecedented.
- GDP growth projections showing a potential V-shaped recovery for the global and Canadian economies, but risks remain.
- GDP breakdown by sector in Canada, showing recovery in some industries but not others.
- Recommendations for economic reforms like supporting job growth, improving education and skills training, and reforming government.
Geopolitical Events| Vaccines Distribution| Canada| April 23, 2021paul young cpa, cga
Blog – Geopolitical Risks – COVID19
1. Israel is leading the world in terms of vaccinations - https://www.israelhayom.com/2021/04/19/in-another-sign-of-economic-recovery-deficit-drops-to-12-of-gdp/
2. Vaccines vs. new variants - https://www.healthline.com/health-news/covid-19-vaccines-are-still-effective-amid-rising-number-of-variants
3. https://vdata.nikkei.com/en/newsgraphics/coronavirus-vaccine-status/ - Canada has the contracts in terms of vaccinations - https://vdata.nikkei.com/en/newsgraphics/coronavirus-vaccine-status/. However, the problem has been with getting the vaccines - https://www.reuters.com/business/healthcare-pharmaceuticals/moderna-ceo-says-world-faces-2022-covid-vaccine-production-surplus-2021-04-23/
4. Jobs are not coming back - https://mises.org/wire/jobless-recovery-coming-europe
5. GDP risks - https://www.swissre.com/media/news-releases/nr-20210422-economics-of-climate-change-risks.html
6. Small businesses and global supply chain - https://covid19.etradeforall.org/news/the-effects-of-the-covid-19-pandemic-on-small-businesses-and-global-value-chains/
7. Global ESG reporting standards are coming - https://www.fastcompany.com/90627951/5-things-you-need-to-know-about-the-future-of-esg-reporting or https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce
8. Rise of inflation - https://www.forbes.com/sites/forbesbusinesscouncil/2021/04/20/how-global-inflation-will-affect-businesses-and-how-they-can-prepare/?sh=2acd31e43754
9. More automation - https://cio.economictimes.indiatimes.com/news/corporate-news/48-of-businesses-to-increase-robotic-process-automation-study/77253416
10. Housing - https://time.com/5953380/climate-housing-crisis/ or https://financialpost.com/news/economy/the-housing-boom-central-banks-and-the-inflation-conundrum-2
Blog – How is the Middle Class doing in Canada – October 2022
Justin Trudeau and his team keeps saying they are making things more affordable. The problem is facts show many households no matter their income is struggling with high cost of living. Trudeau refuses to either canceled the carbon tax or pause the hikes.
Trudeau told the world in 2015 that Canada should be know for its resourcefulness. The problem since 2016 the standard of living in Canada has decline. Trudeau’s deficits did little to address issues with productivity, innovation, skills gap, and supply chain. Trudeau could have made Canada natural resources sector a global leader but chose to expand government including social programs. https://www.slideshare.net/paulyoungcga/2019-election-world-economy-slow-growth-canada-july-2019 or https://www.slideshare.net/paulyoungcga/gdp-and-economic-analysis-canada-and-the-world-july-2022pptx
The middle class has not seen issue with both cost of living and housing in over 40 years. Trudeau refuses to acknowledge there are issues. Trudeau has decided to throw more gasoline on the fire by rushing out programs like dental care without proper checks and balances.
Immigration is also a mess. Sean Fraser has done little to address issues with previous audit reports as it relates to immigration fraud.
Chrystia Freeland talks about the green transition. The green transition has been happening for years. Canada could have played a bigger part but Trudeau’s policies have done little to support the circular and green economies – (2015 - https://www.slideshare.net/paulyoungcga/canada-green-technology-stats or https://www.slideshare.net/paulyoungcga/mitigation-of-climate-change-green-and-circular-economy-june-2022pptx
Canada - Fiscal Management - Deficit and Debt - March 2022.pptxpaul young cpa, cga
Federal fiscal deficit hit nearly 96B for the FY ending March 2022
OPP costs continue to plague municipal and local government budgets
More needs to be done from all levels of government to mitigate the impacts of climate change
All levels of government need to address issues with housing
Governments need to start looking at the operational model as part of managing costs.
All levels of government need revisit tax policies to ensure fairness.
More needs to be done to address skill gaps and economic development
More needs to be done to address issues with healthcare wait times
Better alignment of education with the jobs of today and tomorrow
Youth today need to re-think their education to ensure their education aligns with the jobs of today and tomorrow.
All levels of government need to address issues with the skill trades
All level of government need to work together as part of addressing issues productivity and innovation
All level of government need to move to a digital model as part of reducing the size of their various levels of government
There needs to be rural vs urban strategy as part addressing issues with housing and economic opportunities
Fiscal and Economic Scorecard - Canada - May 2022 and April 2022.pptxpaul young cpa, cga
- Canadian GDP rose 0.3% in April but early estimates suggest a decline in May, as housing declined while commodity and hospitality sectors grew.
- Employment levels remain high but concerns around affordability, debt levels, and middle-class incomes persist.
- Manufacturing sales fell in April with supply chain issues continuing to impact industries.
- Housing prices rose in April but affordability is a major issue, as inflation reduces purchasing power.
- Inflation remains high in Canada, driven by factors like energy and food costs.
Household Spending, Savings and Income (Income Inequality .pptxpaul young cpa, cga
Here is my latest look at household consumption, taxation, and income.
Justin Trudeau is continuing on his social spending plan. The problem is there was a structural deficit pre-covid19.
Do Canadians have trust with Justin Trudeau Government - October 7, 2022.pptxpaul young cpa, cga
Blog - Do Canadians still have trust with Justin Trudeau Government – October 7, 2022
Justin Trudeau new spending to curb inflation will do little to address issues with inflation
New report said more focus is required on supply chain. Omar Alghabra and other federal transportation ministers did little to address issues with supply chain - https://www.slideshare.net/paulyoungcga/how-best-to-build-a-reslient-supply-chainpptx or https://www.slideshare.net/paulyoungcga/2019-election-supply-management-ag-sector-canada
Household debt continues to be an issue as many Canadians are withing $200 of bankruptcies
The gun buyback program is facing enormous hurdles. Money spent on gun buyback could better used to strengthen resources with Border Security and law enforcement.
Environmental commissioner called out Trudeau’s government in ability to manage fishing stocks. Trudeau and his team claim over the past months that new legislation would bring in tougher waterways environmental standards - https://www.slideshare.net/paulyoungcga/water-management-canada-and-the-world-pptx or https://www.slideshare.net/paulyoungcga/environment-air-quality-water-and-land-management-november-2017
Minister Wilkinson has said hydrogen projects in Canada needs to competitive with projects in the USA. Cheapest way to make hydrogen is from natural gas. Green hydrogen needs to be commercially viable without direct government grants and subsidies - https://www.slideshare.net/paulyoungcga/energy-sector-oil-and-gas-preliminary-analysis-september-2022pptx
Media has been calling out Trudeau’s new online bill as being extremely flawed - https://torontosun.com/opinion/editorials/editorial-trudeaus-internet-censorship-law-still-a-big-problem
Canadians can make their own assessment based on my information as well as other sources on whether Justin Trudeau has been accountable and transparent on the operations of his government.
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptxpaul young cpa, cga
Canadian retail sales dropped 0.3% in August, the first decline since March, as higher interest rates start to impact household budgets. Seven of the nine retail subsectors saw sales increases in July, led by food and beverage retailers, while motor vehicle and parts dealers saw the largest decrease. Excluding autos, retail sales in July rose 1%, double expectations. The report suggests Canadians are tightening spending as more face higher mortgage payments and gas prices due to Bank of Canada rate hikes aimed at slowing inflation.
Addressing issues with the Public Sector Governance Model.pptxpaul young cpa, cga
The key challenges facing Australian business leaders in 2023 include:
1. Talent acquisition, retention and training staff for digital transformation.
2. Implementing successful digital transformation while managing cyber risks.
3. Adapting to changing regulations and reporting requirements.
Health risks from COVID-19, social reputation concerns, and disruptive emerging technologies are also significant social challenges impacting Australian businesses. Over the next 3-5 years, talent management for digitization, cybersecurity, digital transformation, regulatory changes, and identifying new growth opportunities will be the top challenges according to business leaders.
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Similar to What is next for Monetary Policies - Canada - October 2022.pptx
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
Fiscal Management| Canada| Analysis and Commentary| October 18, 2020 paul young cpa, cga
This document provides an agenda for a presentation on fiscal management in Canada. It includes biographical information about the presenter, Paul Young. The presentation will cover the fiscal management cycle for the 2019/2020 fiscal year at the federal and provincial levels. It will also discuss Canada's pandemic response, credit downgrades, the size of government, GDP growth in provinces, and key metrics for GDP. The importance of audits will be emphasized. The agenda indicates there will be discussion of federal spending in 2020/2021, pandemic stimulus spending, deficits as a percentage of GDP, debt downgrades, job quality in Canada and the US, and GDP levels.
What is Monetary Policy and How does Government deal with Monetary Policiespaul young cpa, cga
This document discusses monetary policy and why it is important to governments. It provides background on the author Paul Young and his expertise. The document then covers topics such as what monetary policy is, Canada's issues with inflation, housing costs and household debt levels. It argues that the Canadian government needs to consider monetary policies as part of fiscal management and that current inflation levels are a concern for the Bank of Canada.
Do Canadians have trust with Justin Trudeau Government - October 20. 2022.pptxpaul young cpa, cga
Summary:
Trudeau and his government continue face questions related to invoking of the emergency act. https://nationalpost.com/opinion/john-ivison-the-emergencies-act-inquiry-reveals-government-failure
Food costs are up over 11% from September 2021. Trudeau blames Ukraine War. The fact is food prices were going up long before the Ukraine war due to Trudeau climate agenda including more regulations and the carbon tax - https://www.slideshare.net/paulyoungcga/agriculture-equipment-sector-analysis-and-commentary-farmingpptx-253516619
Canada is heading to slow economic growth including a possible recession. I call out Trudeau back in late 2019 that his policies never addressed productivity, innovation and FDI investment, skills gap, building supply chain resiliency. https://www.slideshare.net/paulyoungcga/world-and-slow-economic-growth
Trudeau foreign policies have also been a disaster. Freeland said recently that they are doing a reset on foreign policies
https://www.theglobeandmail.com/politics/article-freeland-issues-a-clarion-call-from-canadas-foreign-policy-void/
Canada has been a laughingstock on the foreign policy front ever since @JustinTrudeau was elected to office. Each foreign affairs minister has been worse than the one before her/him.
https://www.slideshare.net/paulyoungcga/is-canada-back-on-the-world-scene-foreign-affairs-and-policiespptx or https://www.slideshare.net/paulyoungcga/election-2019-foreign-policies-and-affairs-canada-and-the-world
Justin Trudeau is great at promising the world but not so great at delivering results. Canadians need to keep pushing their elected representatives that Canada needs a new path. The progressive agenda is a failure. It is time to bring government to center and focus on delivering program spending with value for money along focusing on economic and tax policies that will drive FDI in areas like technology, mining, energy, forestry, agriculture, manufacturing, retail, construction, etc.
Monetary Policy | Fiscal and Economic Policies| Public Sector| Governmentpaul young cpa, cga
This document provides an overview of monetary policy and its importance to government. It begins with an introduction of the author Paul Young and his background. The agenda then outlines topics to be covered, including definitions of monetary policy, discussions of inflation and producer prices in Canada, issues around housing, cost of living, household debt, GDP, and fiscal management. Slides and sources are referenced throughout to provide additional context. The overall message is that monetary policy and fiscal management should work in coordination to address economic challenges facing Canada.
Has Justin Trudeau and Liberal Government been Open, Transparent, and Account...paul young cpa, cga
Blog – Has Liberal Government of Canada been Open, Transparent, and Accountable – October 1, 2022
Justin Trudeau and his team claim that EI and CPP investments. EI and CPP have always been payroll taxes!
Guilbeault spoke out about the elimination the carbon tax. The carbon tax is regressive tax that punishes low to middle class earners more than the wealthiest in Canada. Canada is also a carbon sink that Guilbeault never ever mention in his very posts on social media. There has been a tax on pollution for years. CO2 is not a pollutant - https://www.slideshare.net/paulyoungcga/how-to-mitigate-the-impact-of-climate-change-september-2022pptx-253224949
Canada is heading for a recession. This recession could be very tough as many households are struggling with high-cost living including hikes to interest rates.
Canada GDP continues to face many challenges!
Annual Financial Report| Government of Canada| 2019-2020| Analysis and Commen...paul young cpa, cga
This document provides an annual report and analysis of the Government of Canada by Paul Young, a CPA and subject matter expert. It includes summaries of GDP growth, debt, and surplus/deficit by Prime Minister. Metrics for October and November 2020 on key economic indicators are presented. Blogs discuss topics like GDP, employment, goods production, the environment, fiscal management, and foreign policies. The document advocates for balancing the economy and environment, addressing affordability and job quality issues, and reforming government to better support economic development in a digital age.
Do Canadians have trust with Justin Trudeau Government - October 27, 2022.pptxpaul young cpa, cga
Justin Trudeau never discusses how his policies like fuel-added or carbon tax or excessive regulations have on supply chain including costs.
Emergency act was never required. Trudeau wanted the problem to go away as it was damaging his brand.
Canada is headed to a nasty recession that could see an increase in bankruptcies
Economies go through changes over fiscal and business cycle. The role of government is to create policies that support economic growth along with fiscal management cycle that delivers program with consideration of both tax fairness and value for moneys
This document provides an agenda and overview for a presentation on issues facing the slowing Canadian economy. It discusses global economic challenges, forecasts slowing GDP growth for Canada and other countries. Specific challenges mentioned for Canada include deficits, debt, the housing market, productivity, trade, and supporting employment and the middle class. Solutions proposed include improving education and skills training, cutting red tape, supporting exports and retail sales, and revamping policies around areas like taxation, infrastructure spending, and the housing market.
The document provides an analysis of Canada's GDP and economic outlook in July 2020. It discusses:
- Canada's large COVID-19 deficits and debt levels which are unprecedented.
- GDP growth projections showing a potential V-shaped recovery for the global and Canadian economies, but risks remain.
- GDP breakdown by sector in Canada, showing recovery in some industries but not others.
- Recommendations for economic reforms like supporting job growth, improving education and skills training, and reforming government.
Geopolitical Events| Vaccines Distribution| Canada| April 23, 2021paul young cpa, cga
Blog – Geopolitical Risks – COVID19
1. Israel is leading the world in terms of vaccinations - https://www.israelhayom.com/2021/04/19/in-another-sign-of-economic-recovery-deficit-drops-to-12-of-gdp/
2. Vaccines vs. new variants - https://www.healthline.com/health-news/covid-19-vaccines-are-still-effective-amid-rising-number-of-variants
3. https://vdata.nikkei.com/en/newsgraphics/coronavirus-vaccine-status/ - Canada has the contracts in terms of vaccinations - https://vdata.nikkei.com/en/newsgraphics/coronavirus-vaccine-status/. However, the problem has been with getting the vaccines - https://www.reuters.com/business/healthcare-pharmaceuticals/moderna-ceo-says-world-faces-2022-covid-vaccine-production-surplus-2021-04-23/
4. Jobs are not coming back - https://mises.org/wire/jobless-recovery-coming-europe
5. GDP risks - https://www.swissre.com/media/news-releases/nr-20210422-economics-of-climate-change-risks.html
6. Small businesses and global supply chain - https://covid19.etradeforall.org/news/the-effects-of-the-covid-19-pandemic-on-small-businesses-and-global-value-chains/
7. Global ESG reporting standards are coming - https://www.fastcompany.com/90627951/5-things-you-need-to-know-about-the-future-of-esg-reporting or https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce
8. Rise of inflation - https://www.forbes.com/sites/forbesbusinesscouncil/2021/04/20/how-global-inflation-will-affect-businesses-and-how-they-can-prepare/?sh=2acd31e43754
9. More automation - https://cio.economictimes.indiatimes.com/news/corporate-news/48-of-businesses-to-increase-robotic-process-automation-study/77253416
10. Housing - https://time.com/5953380/climate-housing-crisis/ or https://financialpost.com/news/economy/the-housing-boom-central-banks-and-the-inflation-conundrum-2
Blog – How is the Middle Class doing in Canada – October 2022
Justin Trudeau and his team keeps saying they are making things more affordable. The problem is facts show many households no matter their income is struggling with high cost of living. Trudeau refuses to either canceled the carbon tax or pause the hikes.
Trudeau told the world in 2015 that Canada should be know for its resourcefulness. The problem since 2016 the standard of living in Canada has decline. Trudeau’s deficits did little to address issues with productivity, innovation, skills gap, and supply chain. Trudeau could have made Canada natural resources sector a global leader but chose to expand government including social programs. https://www.slideshare.net/paulyoungcga/2019-election-world-economy-slow-growth-canada-july-2019 or https://www.slideshare.net/paulyoungcga/gdp-and-economic-analysis-canada-and-the-world-july-2022pptx
The middle class has not seen issue with both cost of living and housing in over 40 years. Trudeau refuses to acknowledge there are issues. Trudeau has decided to throw more gasoline on the fire by rushing out programs like dental care without proper checks and balances.
Immigration is also a mess. Sean Fraser has done little to address issues with previous audit reports as it relates to immigration fraud.
Chrystia Freeland talks about the green transition. The green transition has been happening for years. Canada could have played a bigger part but Trudeau’s policies have done little to support the circular and green economies – (2015 - https://www.slideshare.net/paulyoungcga/canada-green-technology-stats or https://www.slideshare.net/paulyoungcga/mitigation-of-climate-change-green-and-circular-economy-june-2022pptx
Canada - Fiscal Management - Deficit and Debt - March 2022.pptxpaul young cpa, cga
Federal fiscal deficit hit nearly 96B for the FY ending March 2022
OPP costs continue to plague municipal and local government budgets
More needs to be done from all levels of government to mitigate the impacts of climate change
All levels of government need to address issues with housing
Governments need to start looking at the operational model as part of managing costs.
All levels of government need revisit tax policies to ensure fairness.
More needs to be done to address skill gaps and economic development
More needs to be done to address issues with healthcare wait times
Better alignment of education with the jobs of today and tomorrow
Youth today need to re-think their education to ensure their education aligns with the jobs of today and tomorrow.
All levels of government need to address issues with the skill trades
All level of government need to work together as part of addressing issues productivity and innovation
All level of government need to move to a digital model as part of reducing the size of their various levels of government
There needs to be rural vs urban strategy as part addressing issues with housing and economic opportunities
Fiscal and Economic Scorecard - Canada - May 2022 and April 2022.pptxpaul young cpa, cga
- Canadian GDP rose 0.3% in April but early estimates suggest a decline in May, as housing declined while commodity and hospitality sectors grew.
- Employment levels remain high but concerns around affordability, debt levels, and middle-class incomes persist.
- Manufacturing sales fell in April with supply chain issues continuing to impact industries.
- Housing prices rose in April but affordability is a major issue, as inflation reduces purchasing power.
- Inflation remains high in Canada, driven by factors like energy and food costs.
Household Spending, Savings and Income (Income Inequality .pptxpaul young cpa, cga
Here is my latest look at household consumption, taxation, and income.
Justin Trudeau is continuing on his social spending plan. The problem is there was a structural deficit pre-covid19.
Do Canadians have trust with Justin Trudeau Government - October 7, 2022.pptxpaul young cpa, cga
Blog - Do Canadians still have trust with Justin Trudeau Government – October 7, 2022
Justin Trudeau new spending to curb inflation will do little to address issues with inflation
New report said more focus is required on supply chain. Omar Alghabra and other federal transportation ministers did little to address issues with supply chain - https://www.slideshare.net/paulyoungcga/how-best-to-build-a-reslient-supply-chainpptx or https://www.slideshare.net/paulyoungcga/2019-election-supply-management-ag-sector-canada
Household debt continues to be an issue as many Canadians are withing $200 of bankruptcies
The gun buyback program is facing enormous hurdles. Money spent on gun buyback could better used to strengthen resources with Border Security and law enforcement.
Environmental commissioner called out Trudeau’s government in ability to manage fishing stocks. Trudeau and his team claim over the past months that new legislation would bring in tougher waterways environmental standards - https://www.slideshare.net/paulyoungcga/water-management-canada-and-the-world-pptx or https://www.slideshare.net/paulyoungcga/environment-air-quality-water-and-land-management-november-2017
Minister Wilkinson has said hydrogen projects in Canada needs to competitive with projects in the USA. Cheapest way to make hydrogen is from natural gas. Green hydrogen needs to be commercially viable without direct government grants and subsidies - https://www.slideshare.net/paulyoungcga/energy-sector-oil-and-gas-preliminary-analysis-september-2022pptx
Media has been calling out Trudeau’s new online bill as being extremely flawed - https://torontosun.com/opinion/editorials/editorial-trudeaus-internet-censorship-law-still-a-big-problem
Canadians can make their own assessment based on my information as well as other sources on whether Justin Trudeau has been accountable and transparent on the operations of his government.
Similar to What is next for Monetary Policies - Canada - October 2022.pptx (20)
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptxpaul young cpa, cga
Canadian retail sales dropped 0.3% in August, the first decline since March, as higher interest rates start to impact household budgets. Seven of the nine retail subsectors saw sales increases in July, led by food and beverage retailers, while motor vehicle and parts dealers saw the largest decrease. Excluding autos, retail sales in July rose 1%, double expectations. The report suggests Canadians are tightening spending as more face higher mortgage payments and gas prices due to Bank of Canada rate hikes aimed at slowing inflation.
Addressing issues with the Public Sector Governance Model.pptxpaul young cpa, cga
The key challenges facing Australian business leaders in 2023 include:
1. Talent acquisition, retention and training staff for digital transformation.
2. Implementing successful digital transformation while managing cyber risks.
3. Adapting to changing regulations and reporting requirements.
Health risks from COVID-19, social reputation concerns, and disruptive emerging technologies are also significant social challenges impacting Australian businesses. Over the next 3-5 years, talent management for digitization, cybersecurity, digital transformation, regulatory changes, and identifying new growth opportunities will be the top challenges according to business leaders.
Global Housing Market Analysis and Commentary- September 2023.pptxpaul young cpa, cga
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptxpaul young cpa, cga
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
- Canadian manufacturing sales increased 1.6% in July, led by higher sales in food products, petroleum and coal products, and transportation equipment. Paper and plastics sales decreased the most.
- Inventory levels increased slightly while unfilled orders decreased, pointing to a potential slowdown.
- The manufacturing sector in Canada will continue to face challenges such as global economic uncertainty, rising costs, supply chain issues, climate change risks, and skills shortages.
Electricity Analysis - Canada and the OECD - June 2023.pptxpaul young cpa, cga
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...paul young cpa, cga
The document provides an overview of key metrics and trends in the logistics, warehousing, distribution, and transportation sector. It includes data on consumer price index, diesel fuel costs, freight indexes, e-commerce sales, retail sales, class 8 truck sales, EPA emissions standards, trailer sales, and tonnage. It also discusses supply chain management solutions like planning analytics, blockchain, and AI assistants. Finally, it touches on topics like infrastructure spending, automation, and ESG reporting.
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...paul young cpa, cga
United States retail sales rose 0.6% in August despite flat sales at internet retailers after Amazon Prime Day. Most of the increase was due to higher gasoline prices. While consumer spending has been strong, higher interest rates and a slowdown in hiring are expected to restrain purchases in the coming months. Forecasters predict the 2023 holiday shopping season could be the weakest in five years due to economic challenges facing consumers. The retail sector continues facing inventory management challenges and social governance issues.
How to improve the Governance Model for the Public Sector - United States - S...paul young cpa, cga
This document provides a summary of strategies to improve governance in government. It discusses factors that impact governance like transparency and accountability. It recommends using performance audits to assess key performance indicators and ensure recommendations are implemented. Other strategies include improving data ethics and literacy, mitigating geopolitical risks, adopting ESG reporting, and using technology like audit analytics and AI to enhance governance. The overall goal is for government to deliver programs and tax policies with value for money and transparency.
This document provides an analysis of the agriculture output and equipment sector for August 2023. It includes discussions of commodity prices, crop estimates, energy prices, food prices, farming incomes, top farming states, food processors, and the role of technology and government in farming. Key points covered include rising input costs challenging farmers, preliminary crop estimates for Canada, volatility in oil and diesel prices impacting farm expenses, and opportunities for data and automation to help address issues in the agriculture industry.
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...paul young cpa, cga
This document provides an overview and agenda for a presentation on the biotech, pharmaceutical, and healthcare sector. It includes:
- An introduction and biography of presenter Paul Young CPA CGA
- An agenda covering topics like vaccine production, drug discovery, innovation in areas like storage and AI, and the life sciences strategy
- Links and summaries of information on these topics, including the top vaccine manufacturers, regulations in Canada, and growth in the pharmaceutical market
The presentation aims to discuss key areas of the biotech/pharmaceutical sector including vaccine development and production, drug discovery, innovation, and strategies for the life sciences industry. Links and outside sources are provided to support the topics in the agenda.
Better Public Safety Management using Analytics - September 2023.pptxpaul young cpa, cga
This document discusses using analytics to improve public safety management. It outlines rising public safety costs for governments and key issues facing policing like complex crimes and accountability. The document presents crime rate data for Canada and discusses building machine learning models in SPSS and dashboards in Cognos Analytics to analyze police data and forecast expenses. Finally, it lists potential next steps for crime in Canada like bail and corrections reforms, gun control, and increased police oversight.
Stock Market Analysis and Commentary for WE September 9 2023.pptxpaul young cpa, cga
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Workforce Planning and Employment Analysis - August 2023.pptxpaul young cpa, cga
The document discusses workforce planning and employment analysis. It provides an overview of employment statistics in the United States, Canada, and Australia. It then discusses Sysco's workforce planning model and the role of the CFO in workforce planning. Finally, it defines autonomous finance as the automation of financial operations through software and algorithms, and provides some key statistics on its adoption.
Global Automotive - Analysis and Commentary - August 2023.pptxpaul young cpa, cga
This presentation provides an overview of key trends in the global automotive sector in August 2023. It discusses 1) sales trends in Canada, the US and globally, 2) the growth of electric vehicles and focus on reducing emissions, and 3) ongoing transformation in the industry through automation, connectivity and new technologies. Sources included discuss topics like electric vehicle production and adoption, public safety issues regarding EV fires, gasoline and car prices, supply chain challenges, and green transitions in transportation.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...paul young cpa, cga
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptxpaul young cpa, cga
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
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Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
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What is next for Monetary Policies - Canada - October 2022.pptx
1. WHAT IS MONETARY
POLICY AND WHY IS
IT IMPORTANT TO
GOVERNMENT
Paul Young CPA CGA
October 26, 2022
2. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• 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
• What is monetary policies?
• GDP Growth
• Canada and Inflation
• Canada and Producer Price
• Housing
• Cost of Living
• Household Debt
• GDP
• Fiscal Management
• Innovation
• Productivity and Competitiveness
4. WHAT IS MONETARY POLICY
Source - https://www.investopedia.com/terms/m/monetarypolicy.asp
5. BANK OF CANADA / MONETARY POLICIES
• There are issues with GDP: a) Productivity b) FDI
outflow c) Lack of innovation d) Higher
Commodities e) government deficits and taxes
• About 40% of the job vacancies are with jobs that
pay less than the average wage
• Size of household debt continues to be an issue
• Lack of affordable housing options
• Global Trade and protectionism
Source - https://www.slideshare.net/paulyoungcga/bmo-
7-reasons-to-be-exciting-about-the-canadian-economy
My concerns with the BOC saying inflation dropping from 5.3% in 2022 to 2018 is not realistic and here is why:
• Liberals plan hikes to carbon tax - https://nationalpost.com/news/politics/federal-carbon-tax-to-increase-to-170-per-tonne-
by-2030-as-liberals-unveil-new-climate-plan
• Critical metals have risk due to supply and refinement capacity issues. https://oilprice.com/Latest-Energy-News/World-
News/America-Desperately-Needs-To-Scale-Up-Battery-Metal-Production.html
• Huge capital needs to be spent on areas like the electrical grid and plug-in stations (electrical vehicle adoption)
• Housing issues will continue to plague the cost of housing – https://www.slideshare.net/paulyoungcga/housing-and-
homelessness-canada-and-the-world-budget-2022-pptx
• Automation will also play a key role with organizations managing their costs -
https://www.slideshare.net/paulyoungcga/what-is-next-for-automation
My work - https://www.slideshare.net/paulyoungcga/preliminary-cost-of-living-canada-february-2022pptx
6. GDP GROWTH
This gives you a good look at how @cafreeland deficits
did nothing for GDP growth. One can make the argument
is Trudeau's policies handcuff the goods-producing sector!
16 https://www.slideshare.net/paulyoungcga/2016-
november-2016-gdp-gross-domestic-product-canada
18 https://www.slideshare.net/paulyoungcga/gdp-canada-
the-real-truth
Jan/22 - https://www.slideshare.net/paulyoungcga/gdp-
analysis-and-commentary-canada-january-2022pptx
7. CANADA AND SLOW GROWTH
Conference Board of CAN predicts that economic growth will slow until Spring '23
http://www.canadianmanufacturing.com/FLWVg
@cafreeland @JustinTrudeau another private sector group is calling out CAN's GDP growth. Your policies have done
little to drive growth!
https://www.slideshare.net/paulyoungcga/gdp-and-economic-analysis-canada-and-the-world-july-2022pptx
12. BMO – CONSUMER PRICE INDEX
Source –
https://economics.bmo.com/en/publications/detail/ae97550
d-8a18-46fc-bb31-ca013cee5f45/
BMO - Inflation - CPI
- Canada - July 2022.pdf
Canadian CPI (Aug.)
— Another Step Down a Long Road.pdf
U.S. CPI Stubbornly
Sticky.pdf
Cdn CPI — Not
Running Up That Hill, But Still On It.pdf
18. AVERAGE HOUSING PRICE INCLUDING KEY
CITIES
https://twitter.com/TomPark1n/status/1516820865664667657
@TomPark1n
This explains why REIT are not touch!
This does not explain the high cost of land, raw material, lack of 3D
adoption, lack of rural vs urban strategy, and other systemic issues
with housing!
https://www.slideshare.net/paulyoungcga/housing-and-
homelessness-canada-and-the-world-march-2022-revisedpptx
MPs with Rental Properties
22. INNOVATION
Summary:
Justin Trudeau told the world in 2015 that Canada should be know for its resourcefulness not its resources -
https://www.macleans.ca/news/canada/what-justin-trudeau-plans-to-tell-davos/
Trudeau and his government focus has been setting up more and more agencies to manage innovation funds. Many of
these agencies have liberal running them - https://financialpost.com/technology/liberals-supercluster-program-falling-
short-of-promised-jobs-economic-growth and https://www.slideshare.net/paulyoungcga/policy-review-innovation-
and-scientific-research-rd-canada
The goods-producing sector since Trudeau took office or about 6% of all the net new jobs.
https://torontosun.com/opinion/columnists/gunter-the-public-sector-fared-very-well-during-lockdown or
https://www.slideshare.net/paulyoungcga/employment-and-labour-market-canada-january-2022
I have also been saying for years that all colleges and universities should be innovation. The role of government is support
innovation through proper policies and not throw money at the symptoms!
23. PRODUCTIVITY
Did article did not age well - https://www.cbc.ca/news/politics/canada-election-2015-liberals-infrastructure-
deficits-1.3205535
Our economy needs investment to create growth," he said. "Our plan features three years of historic
investment in the Canadian economy. That growth will eliminate the Harper deficit and we will balance the
budget in 2019," This never happen under @JustinTrudeau
Yet Productivity has not improved - https://financialpost.com/opinion/opinion-bigger-post-covid-government-
may-mean-slower-productivity-growth-and-lower-incomes
Broken Promises - https://thetyee.ca/Opinion/2015/09/15/Liberals-Broken-Promises/
Records - https://www.progressive-economics.ca/2015/10/fiscal-and-economic-record-of-political-parties/
Here is my work on productivity - https://www.slideshare.net/paulyoungcga/how-to-improve-canada-global-
competitiveness-250054392
24. DID JUSTIN TRUDEAU HAVE THE
ANSWERS FOR GDP
• Justin Trudeau took an economy growing at 2.3% (Post-2009 recession to annual growth on average of 2.1%.
Trudeau seen GDP go from 3.0 in 2017 to 1.6 in 2019.
• Trudeau deficits did little to address systemic issues with the economy, i.e., productivity, building a resilient
supply chain, reducing gridlock, addressing issues with household debt.
• BOC buying government bonds - https://www.bnnbloomberg.ca/bank-of-canada-already-pushing-limits-of-
domestic-bond-market-1.1513097
• Canada economy - Blog – GDP – Canada by Industry – May 2021 -
https://www.slideshare.net/paulyoungcga/gdp-canada-naics-may-2021
• Canada economy – 2019 - https://www.slideshare.net/paulyoungcga/2019-election-world-economy-slow-
growth-canada-july-2019
• Trudeaunomics continues to be a failure - https://www.slideshare.net/paulyoungcga/has-trudeuaomics-been-
successful-for-canadians
• GDP – 2021 Despite all the deficits the economy continues to face major headways for the rest of 2021. It
goes to show Canadians that economies do not grow from the heart as @JustinTrudeau predicted a few
years ago! https://www.slideshare.net/paulyoungcga/gdp-canada-analysis-and-commentary-june-2021
25. GOVERNMENT AND MONETARY
POLICIES
• The government needs to grasp the BOC policies as part of any fiscal management cycle. Trudeau has since
day one increase the budget deficit without addressing key areas impacting supply chain and the
affordability of housing. Trudeau carbon tax had an impact on inflation.
https://www.investopedia.com/ask/answers/100314/whats-difference-between-monetary-policy-and-fiscal-
policy.asp
• Inflation is now at 3.7% which is a concern of the BOC - https://www.bankofcanada.ca/2016/10/renewal-of-
the-inflation-control-target-2016/
26. BOC – INFLATION AND HOUSING
BUBBLE
Tiff Macklem faced some tough questioning yesterday, as members of the
U.S. Council on Foreign Relations grilled the Bank of Canada governor on
whether their northern neighbour would have a trouble-free exit from the
downturn of the COVID-19 pandemic.
Led by financier and former Democratic politician Roger Altman, members of
the U.S. think-tank asked probing questions on whether Canada's housing
bubble would have any spillover effects on the global economy, as well as
on jobs, inflation, commodity pricing and the difficulty of moving from a low
interest rate regime to one without monetary stimulus.
To Canadians who have heard Macklem's views in the past, the answers
were in some ways less revealing than the questions. But among the new
things he did pass on were fears that inflation could well turn out to be more
long-lasting than expected and jobs recovery could be slower.
https://www.cbc.ca/news/business/boc-us-
concerns-column-don-pittis-
1.6203452?__vfz=medium%3Dsharebar
I am very concerned about these kinds of
messaging from BOC. There are structural issues
facing the economy like low productivity, high
taxes, excessive regulations, and
inefficient/ineffective government.
https://www.slideshare.net/paulyoungcga/what-is-
the-path-forward-for-canada-october-2021
27. FISCAL MANAGEMENT
Source - https://www.theglobeandmail.com/politics/article-
michael-sabia-was-greeted-as-a-game-changer-as-canadas-
deputy-
finance/?utm_medium=Referrer:+Social+Network+/+Media&ut
m_campaign=Shared+Web+Article+Links
• YTD Nov/15 there was 1B surplus (per the fiscal
monitor) that was turned into 987M deficit within a
few months of Justin Trudeau leadership
• Trudeau has spent well over $6B (3B in 2020) on
consultants -
https://nationalpost.com/news/politics/costs-for-
consultants-hired-by-government-rise-by-6-billion-
under-liberals
• Trudeau GDP growth went from 3% in to 2017 to
1.4% in 2019. The economy had been sluggish two
years prior to COVID19 -
https://www.slideshare.net/paulyoungcga/slow-
economic-growth-canada-march-2020
• Trudeau spending grew faster than revenues despite
strong revenues -
https://www.slideshare.net/paulyoungcga/fiscal-
management-public-sector-canada-250734309
28. FISCAL MANAGEMENT CYCLE
• Trudeau has spent billions on consultants
• Trudeau refuses to release his economic impact study on the carbon tax
• Australia has done a better job of getting goods out of the ground to
market
• Trudeau’s policies never addressed issues with productivity and
innovation.
• Trudeau increased taxes to the middle class
• Trudeau policies have done little to support FDI
• Pre-COVID19 Deficits were between 12B to $15B and yet growth was
less than the average post 2009 recession
• Trudeau continues to ignore AG, PBO, ethics, and other reports
• Trudeau took $1B surplus YTD Nov/15 to 987M deficit in four months.
Trudeau was never about value for money including improving
outcomes.
Source - https://www.slideshare.net/paulyoungcga/failure-of-
trudeaunomics-january-2022
29. COMPETITIVENESS
Canada continues to struggle with productivity.
Wages continue to rise.
Business automation spending continue to grow for both the private and public sectors
Carbon tax and high commodity prices are leading to a rise of raw material costs.
Canada GDP would be performing much better if all levels of government work together on policies that
would support FDI in the goods producing sector.
https://www.slideshare.net/paulyoungcga/how-to-address-competitiveness-for-canada-august-
2022pptx
30. SUMMARY
• I have always supported balance policies between protecting the environment while growing the economy in a sustainable way.
• I also support social welfare as long as those payments are targeted at those that need the support.
• Bank of Canada has renewed the 2% inflation rate target. The problem is that there are structural issues with the economy that need
to be address if inflation can be brought down to the 2% range from 4.7% range.
• Housing needs concrete solutions including new urban planning strategy, adoption of 3D housing and other innovations as part
delivering affordable housing solutions.
• All levels of government need to work together to address issues with productivity, innovation, and skills gap
• All levels of government need to revisit their fiscal management cycle to ensure assets are safeguarding and program spending is
delivered with value for money,
• All levels of government need to undertake compensation and tax reforms as part of better managing both their costs and taxation
base.
Blog – What is next for Monetary Policies – Canada – October 2022
Inflation especially food costs continue to impact global consumers. Countries like Canada have targeted
an inflation rate of 2.1%. The current inflation rate is about 6.9%, or about three times the target rate.
Canada is schedule to hike payroll taxes and carbon taxes in 2023 -
https://www.cbc.ca/news/canada/newfoundland-labrador/ken-mcdonald-carbon-tax-exemption-home-
heating-1.6628460
Housing prices continue to fall. Housing affordability continues to be challenge for people around the
world - https://www.bnnbloomberg.ca/the-daily-chase-looking-ahead-toward-boc-announcement-
canopy-looks-to-grow-u-s-footprint-1.1836958
Slower demand has improved port throughput, but there are still issues with lack of capacity to manage
exports and imports. https://www.manilatimes.net/2022/10/26/business/maritime/iaph-takes-steps-to-
close-port-gaps/1863673
Canada was seeing slow growth back in 2019. The Liberals policies did little to address issues with
innovation, skills, productivity, regulations, and tax reforms. Liberals decided to focus on bigger
government! https://www.slideshare.net/paulyoungcga/201-election-canada-and-world-slow-
economic-growth-august-2019
BOC and other reserve banks need to think extremely hard about rising of interest rates. The threat of
global recession grows each day. BOC would be better off to pause interest rates and look at other areas
of policies as part of managing monetary government. The federal government should be focus on
drastic policy changes including pausing all new tax hikes including hikes to CPP, EI, and carbon tax. The
focus should be on addressing issues with port capacity, promoting more innovation, productivity
improvements, skills gap, housing supply, and streamlining of taxation and regulations as it relates to
the goods-producing sector.
Global growth in
construction of US$5.6 trillion is forecasted by 2037 as the world transitions to clean energy - Oxford Economics.pdf
How Vertical Farming
And AgTech Can Help Address Food Insecurity.pdf
China’s Lithium
Appetite to Fuel European Production, Miner Says.pdf
Canada examining
how to keep its carbon capture competitive in wake of U.S. incentives CBC News.pdf
Recession or Inflation
Governments around the world must pick their poison NPR.pdf
Digital Skills Hiring
Orgs Say 5G, Crypto & Metaverse 'Here to Stay' -- Virtualization Review.pdf
PIAC reiterates
objections to pension super-priority bill Benefits Canada.com.pdf
DB plans financial
health continues to withstand volatile markets and historic inflation Mercer Canada.pdf
Transition to net zero
by 2050 will cost investors $100trillion This is Money.pdf
New approaches to
water management in agricultural operations AGDAILY.pdf
Desalination - The
answer to water scarcity – DW – 07_29_2022.pdf
Is ESG working
There’s no data to tell, says top university Wealth Professional.pdf
2020 Updates to
Pew's Fiscal Sustainability Matrix The Pew Charitable Trusts.pdf
N.L. Liberal MP votes
with Conservatives over home heating fuel carbon tax exemption CBC News.pdf
The Daily Chase
Looking ahead toward BoC announcement; Canopy looks to grow U.S. footprint - BNN Bloomberg.pdf
IAPH takes steps to
close port gaps The Manila Times.pdf
Foreign ‘adversaries’
may have leveraged ‘freedom movement’ to advance agendas memo Globalnews.ca.pdf
Forward Guidance
Our Weekly Preview - RBC Economics - Bank of Canada.pdf
Summary:
Inflation continues to be an issue for many Canadians.
Green inflation continues to key part of the rise of inflation
More and more people are being left out of the housing market
https://www.slideshare.net/paulyoungcga/cost-of-living-canada-december-2021
Source - https://www.cbc.ca/news/business/house-prices-numbers-july-1.5689129 or https://twitter.com/TomPark1n/status/1516820865664667657
@TomPark1n
This explains why REIT are not touch!
This does not explain the high cost of land, raw material, lack of 3D adoption, lack of rural vs urban strategy, and other systemic issues with housing!
https://www.slideshare.net/paulyoungcga/housing-and-homelessness-canada-and-the-world-march-2022-revisedpptx
https://crhttps://www.cbc.ca/news/business/crea-november-sales-1.5841749eastats.crea.ca/en-CA/ or https://www.cbc.ca/news/business/crea-november-sales-1.5841749