Blog – Forestry Management and Lumber Production – Canada and the World – October 2021
Canada sawmill production for October 2021 continues to lag October 2015.
Canada waited over a year before pushing the softwood lumber to the new dispute council for new NAFTA
Many states and provinces must get better at both forest management and urban planning.
Lumber continues to see high prices.
1. Wildfires and insurance losses - https://ca.finance.yahoo.com/news/rare-winter-wildfire-cost-insurers-173903380.html
2. Poor urban planning and wild fires - https://ca.finance.yahoo.com/news/rare-winter-wildfire-cost-insurers-173903380.html
3. Lumber prices - https://storeys.com/rising-lumber-prices-deal-another-blow-housing-affordability/
4. Softwood lumber - https://www.globalpapermoney.com/canada-to-challenge-u-s-softwood-lumber-duties-under-new-nafta-cms-14470
5. Forest management practices - https://www.gjsentinel.com/news/western_colorado/water-woes-wolves-forest-plan-likely-big-2022-environmental-stories/article_120c5832-6388-11ec-ac0e-77e43132b06f.html
6. Urban sprawl - https://www.thrillist.com/travel/nation/the-9-worst-designed-cities-in-the-us
7. Insurance - https://www.forbes.com/sites/forbesfinancecouncil/2021/12/09/how-the-insurance-sector-can-lead-in-climate-action/?sh=5798632f4e5b
8. Lumber production - https://www.forbes.com/sites/forbesfinancecouncil/2021/12/09/how-the-insurance-sector-can-lead-in-climate-action/?sh=5798632f4e5b
9. Lumber - https://www.forest2market.com/blog/lumber-market-2021-year-in-review-whats-next
10. Lumber - https://www.forest2market.com/blog/predictions-for-the-global-forest-industry-in-2022
Blog – Forestry and Lumber Sector – What is next
Lumber prices continue to rise.
Very little is being done to mitigate the impact of wildfires and forest fires
Drones are helping with tree planting
Cost of housing continues to rise.
1. Lumber prices - https://markets.businessinsider.com/commodities/lumber-price
2. Housing costs - https://www.news10.com/news/housing-costs-skyrocket-nationwide/
3. Housing - https://www.planetizen.com/news/2022/03/116378-toronto-housing-supply-outpacing-population-growth-costs-remain-high
4. Deforestation - https://www.greenbiz.com/article/5-ways-business-can-help-stop-current-record-levels-deforestation
5. Sawmills - https://www.woodbusiness.ca/canfor-completes-purchase-of-millar-westerns-alberta-solid-wood-operations/?utm_source=rss&utm_medium=rss&utm_campaign=canfor-completes-purchase-of-millar-westerns-alberta-solid-wood-operations
6. Lumber prices - https://www.woodbusiness.ca/lumber-prices-pop-up-after-several-weeks-flat-madisons/
7. Drones and tree planting - https://www.mentalfloss.com/article/503527/these-drones-can-plant-100000-trees-one-day
8. Forest fire mitigation - https://phys.org/news/2022-02-california-massive-dixie-pge-ramp.html
9. Mitigation - https://phys.org/news/2022-02-california-massive-dixie-pge-ramp.html
10. Urban planning - https://www.forbes.com/sites/forbeseq/2022/02/16/the-power-of-innovation-in-rural-america/?sh=2529f36c3987
What is next for Lumber Production and Forestry Management - May 2022.pptxpaul young cpa, cga
Blog – Forestry Management and Lumber Production – Canada – May 2022
Canada lumber production was up 7% in May 2022 from April 2022
Businesses along with provincial governments continue to be upset with the handling of the softwood lumber disputes
The Trudeau plan of 2B trees continues to face many challenges
Private sector continues to plant trees
More needs to be done to mitigate forest fires caused by natural events.
All levels of government need to work together on a land-use strategy for urban and rural planning
Canada has some of the best forestry practices in the world!
Canada emissions per square km is ranked as one of the best in the world.
Lumber prices continue to be very volatile!
This document provides a summary of issues related to the world's forests. It begins with an agenda that covers topics like commodity prices, the global housing market, forestry employment, technology impacts, and government policies. Key issues discussed include softwood lumber disputes, carbon taxes, high stumpage costs, regulations, and losses from deforestation. The document also examines specific regions and events, such as fires in California, Siberia, and Canada's boreal forest. It suggests governments must improve forest management practices to mitigate wildfire risks and address audit findings on forestry oversight.
What is next for the Forestry Sector and Lumber Production - August 2022.pptxpaul young cpa, cga
Blog – Forestry Sector and Lumber Production – Canada – September 2022
Canada lumber production was down 10% in July 2022 from August 2022
Housing costs continue to be an issue for many Canadians
More needs to be done to mitigate the threat of both wildfires and forest fires.
Blog – Forestry and Lumber Sector – What is next
Lumber prices continue to rise.
Very little is being done to mitigate the impact of wildfires and forest fires
Drones are helping with tree planting
Cost of housing continues to rise.
1. Lumber prices - https://markets.businessinsider.com/commodities/lumber-price
2. Housing costs - https://www.news10.com/news/housing-costs-skyrocket-nationwide/
3. Housing - https://www.planetizen.com/news/2022/03/116378-toronto-housing-supply-outpacing-population-growth-costs-remain-high
4. Deforestation - https://www.greenbiz.com/article/5-ways-business-can-help-stop-current-record-levels-deforestation
5. Sawmills - https://www.woodbusiness.ca/canfor-completes-purchase-of-millar-westerns-alberta-solid-wood-operations/?utm_source=rss&utm_medium=rss&utm_campaign=canfor-completes-purchase-of-millar-westerns-alberta-solid-wood-operations
6. Lumber prices - https://www.woodbusiness.ca/lumber-prices-pop-up-after-several-weeks-flat-madisons/
7. Drones and tree planting - https://www.mentalfloss.com/article/503527/these-drones-can-plant-100000-trees-one-day
8. Forest fire mitigation - https://phys.org/news/2022-02-california-massive-dixie-pge-ramp.html
9. Mitigation - https://phys.org/news/2022-02-california-massive-dixie-pge-ramp.html
10. Urban planning - https://www.forbes.com/sites/forbeseq/2022/02/16/the-power-of-innovation-in-rural-america/?sh=2529f36c3987
What is next for Lumber Production and Forestry Management - May 2022.pptxpaul young cpa, cga
Blog – Forestry Management and Lumber Production – Canada – May 2022
Canada lumber production was up 7% in May 2022 from April 2022
Businesses along with provincial governments continue to be upset with the handling of the softwood lumber disputes
The Trudeau plan of 2B trees continues to face many challenges
Private sector continues to plant trees
More needs to be done to mitigate forest fires caused by natural events.
All levels of government need to work together on a land-use strategy for urban and rural planning
Canada has some of the best forestry practices in the world!
Canada emissions per square km is ranked as one of the best in the world.
Lumber prices continue to be very volatile!
This document provides a summary of issues related to the world's forests. It begins with an agenda that covers topics like commodity prices, the global housing market, forestry employment, technology impacts, and government policies. Key issues discussed include softwood lumber disputes, carbon taxes, high stumpage costs, regulations, and losses from deforestation. The document also examines specific regions and events, such as fires in California, Siberia, and Canada's boreal forest. It suggests governments must improve forest management practices to mitigate wildfire risks and address audit findings on forestry oversight.
What is next for the Forestry Sector and Lumber Production - August 2022.pptxpaul young cpa, cga
Blog – Forestry Sector and Lumber Production – Canada – September 2022
Canada lumber production was down 10% in July 2022 from August 2022
Housing costs continue to be an issue for many Canadians
More needs to be done to mitigate the threat of both wildfires and forest fires.
What is next for the Forestry Sector - February 2022.pptxpaul young cpa, cga
Lumber prices continue to impact cost of housing
More needs to be done to mitigate the threats from forest fires
Canada continues to be a world leader in sustainable forest practices - https://www.todayville.com/12-facts-showing-canada-world-class-forestry-sector/
Summary:
Lumber production in Canada is still down 10% since Sept/19 and about 25% since Oct/15
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 20218. It is now 2022 which means close 2M seedlings have been planted.
Canada forestry sector is key sector to the Canadian Economy
Canada forestry sector has faced protectionism policies - https://www.canadianmanufacturing.com/financing/canfor-to-curtail-operations-at-all-but-one-of-its-sawmills-in-british-columbia-234114/
The federal government under Justin Trudeau has done little to support the forestry sector.
Canada forestry sector is key sector to the Canadian Economy
Canada forestry sector has faced protectionism policies - https://www.canadianmanufacturing.com/financing/canfor-to-curtail-operations-at-all-but-one-of-its-sawmills-in-british-columbia-234114/
The federal government under Justin Trudeau has done little to support the forestry sector.
Forest Management world-wide crisis
The document discusses issues facing the global forestry sector. It notes that Canada's forestry sector faces protectionist policies and the federal government under Justin Trudeau has done little to support it. The document outlines topics like commodity prices, the global housing market outlook, housing starts, wages in the forestry sector, employment, protectionism, carbon taxes, regulations, technology advances, and deforestation. It calls for integrated government strategies and reforms to support the sustainable management of forests.
The world depends on its forest as part of managing the CO2 as part of the overall environment. This presentation looks at different angles when it comes to managing the forests.
Forests play a key role in the earth's climate as such it is very important for countries around the world to develop sustainable forestry management practices.
The document discusses issues facing the global forestry sector, including commodity prices, the global housing market outlook, housing starts, merchandise trade, wages, employment, challenges like the softwood lumber dispute and carbon taxes, and actions of governments like Canada. It notes the key role of forests and deforestation. Suggestions are made that governments need integrated forestry strategies, WTO reforms, to stop looking for new taxes and support natural resources, focus on port expansion, and re-examine forest management practices to mitigate wildfires.
The document discusses issues facing the global forestry sector, including commodity prices, the global housing market outlook, housing starts, merchandise trade, wages, employment, protectionist policies, carbon taxes, regulations, forest fires, and deforestation. It analyzes these issues from sources on the forestry sectors in Canada, the US, Siberia, and other regions. The document calls for governments to improve forest management practices, streamline regulations, reduce protectionism, and support infrastructure to help the forestry sector adapt to challenges.
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
Canada| Natural Resources| Forestry Sector| June 2020| What's Nextpaul young cpa, cga
Here is a deep dive into issues facing the forestry sector in Canada as well as around the world. The presentation includes solutions as part of better forestry management practices.
What is next for the Forestry Sector and Lumber Production - July 2023.pptxpaul young cpa, cga
Blog – What is next for the Forestry Sector – July 2023
U.S. sawmills in March produced 3.392 billion board ft. (bbf) of softwood lumber, a decrease of 2.3% from March 2022, but up 20.2% compared with February 2023’s 2.823 bbf, according to the Western Wood Products Assn.’s Lumber Track report for March, dated June 7.
Western U.S. sawmills in March contributed 1.209 bbf to the total, down 11.9% from the prior year’s 1.372 bbf, while output from Southern sawmills rose 4.4% year-over-year to 2.031 bbf from 1.946 bbf. Compared with February, Western and Southern sawmill production increased 20.7% and 19.9%, respectively.
Apparent U.S. softwood lumber consumption in March was 4.573 bbf, down 4.4% from 4.785 bbf in March 2022 but 17.5% higher than 3.893 bbf in February.
Source - https://www.farmprogress.com/business/u-s-lumber-prices-seen-extending-losses-as-sawmills-ramp-up or https://www.scrapmonster.com/news/us-sawmills-produce-less-softwood-lumber-in-march/1/88163
Additional sources and links:
Lumber prices - https://www.lesprom.com/en/news/Canadian_lumber_production_down_6_1_in_April_108551/
Lumber prices - https://hardlines.ca/gp_dailynews/lumber-prices-climb-in-june/
Housing starts - https://www.bnnbloomberg.ca/labour-shortage-in-construction-adding-extra-pressure-to-housing-supply-gap-experts-1.1941272
ESG - https://www.rayonier.com/stories/how-forestry-companies-prove-theyre-sustainable/
Home renovations outlook - https://home.barclays/news/press-releases/2023/07/homeowners-put-off-energy-efficiency-upgrades-due-to-misconcepti/
Technology - https://www.woodbusiness.ca/metsa-group-collectivecrunch-unveil-ai-solution-for-forest-health-monitoring/
What is next for the Forestry Sector and Lumber Production - August 2023.pptxpaul young cpa, cga
Blog – What is next for the Forestry Sector – August 2023
Summary:
Over the last 7 days, the Paper and Forestry Products industry has dropped 5.6%, driven by a pullback from West Fraser Timber of 7.4%. The industry has fallen 4.5% in the last year. Looking forward, earnings are forecast to grow by 38% annually.
Source - https://simplywall.st/markets/ca/materials/paper-forestry-products
Other links and sources:
Wildfires - https://www.devdiscourse.com/article/science-environment/2546682-canadian-wildfire-emissions-double-previous-record-as-flames-rage-on
Curtailment - https://biv.com/article/2023/08/lumber-prices-stabilize-demand-softwood-remains-strong
Log management - https://www.prnewswire.com/news-releases/trimble-launches-new-cloud-based-version-of-its-log-inventory-and-management-system-for-forestry-301883000.html
Housing starts - https://www.constructconnect.com/construction-economic-news/housing-starts-versus-economic-orthodoxy
Hardware - https://www.ibisworld.com/canada/market-research-reports/hardware-stores-industry/
Forestry and AI - https://www.woodbusiness.ca/metsa-group-collectivecrunch-unveil-ai-solution-for-forest-health-monitoring/
Construction - https://www.slideshare.net/paulyoungcga/construction-spending-and-outlook-the-usa-and-the-world-july-2023-analysis-and-commentarypptx
Home Depot - https://www.bnnbloomberg.ca/home-depot-cuts-outlook-as-softening-demand-hits-sales-1.1920802
Drones - https://goodmenproject.com/featured-content/new-tree-tech-cutting-edge-drones-give-reforestation-a-helping-hand/
Technology - https://www.roboticsbusinessreview.com/sponsored-content/cloud-ground-control/how-uncrewed-vehicles-are-assisting-in-combating-climate-change/
This document summarizes key issues facing Canada's forestry sector. It discusses declining commodity prices, a slowing global housing market, falling employment in the sector, and challenges like the softwood lumber dispute and high production costs. While technology is modernizing forestry operations, the federal government under Justin Trudeau has done little to support the industry according to the document. It calls for the next government to implement an integrated strategy with tax and regulatory reforms to improve competitiveness for the struggling sector.
2019 Election| Natural Resources| Forestry Sector| Canada| July 2019paul young cpa, cga
This document provides an overview of issues facing Canada's forestry sector leading up to the 2019 federal election. It discusses commodity prices, the global housing market outlook, housing starts, trade issues, employment levels, challenges like protectionism and high costs, and the need for government support. New technologies are transforming the industry but it still faces challenges without a unified strategy from all levels of government to streamline regulations and reduce taxes and fees affecting competitiveness. The next government must address these issues to better support the forestry sector.
2019 Election| Natural Resources| Development and Sustainability| Canada| Sep...paul young cpa, cga
This document contains contact information for Paul Young, a CPA and CGA with subject matter expertise in various areas including risk management, financial reporting, public policy, and supply chain management. It also contains various links to news articles and other resources related to natural resources, pipelines, carbon taxes, forestry management, and taxes in Canada.
Both services-producing (+0.6%) and goods-producing (+0.5%) industries were up, as 17 of 20 industrial sectors posted increases in November.
Advance information indicates that real GDP for December was essentially unchanged. Widespread increases led by the manufacturing, agriculture, forestry, fishing and hunting, utilities and wholesale trade sectors were offset by declines in the accommodation and food services, mining, quarrying, and oil and gas extraction and retail trade sectors. This advance information for real GDP by industry indicates a 1.6% uptick in the fourth quarter of 2021 and a rebound of 4.9% in the year following the pandemic-induced decline observed in 2020. Given their preliminary nature, these estimates will be updated on March 1, 2022 with the release of the official GDP data for December and the fourth quarter of 2021.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220201/dq220201a-eng.htm
1. Inflation and Canada – https://www.fool.ca/2022/01/31/holding-onto-tonnes-of-cash-heres-how-much-of-it-that-inflation-would-destroy-in-a-decade/
2. Housing - https://financialpost.com/real-estate/busting-the-myth-of-canadas-million-or-more-vacant-homes
3. Supply chain task force - https://canada.autonews.com/manufacturing/supply-chain-issues-be-tackled-new-federal-task-force
4. Mining - https://miningglobal.com/top10/top-10-countries-based-on-natural-resources
5. Electrical vehicles - https://ipolitics.ca/2022/01/31/lobby-wrap-auto-industry-wants-training-as-ev-sales-rise/
6. Middle class - https://www.usatoday.com/story/money/2022/01/31/lost-factory-jobs-make-harder-move-into-middle-class-report-says/9213089002/?gnt-cfr=1
7. Consumer spending - https://www.hellenicshippingnews.com/weaker-u-s-consumer-spending-rising-inflation-pose-dilemma-for-fed/
8. Commodity prices - https://www.hellenicshippingnews.com/commodity-prices-likely-to-be-hit-by-slowdown-before-end-of-2023/
9. ESG - https://www.reuters.com/business/sustainable-business/euroclear-teams-up-with-fintech-expand-esg-services-2022-01-31/
10. Insurance risk - https://www.insurancebusinessmag.com/us/news/environmental/environmental-insurance--what-are-the-concerns-323760.aspx
11. Geopolitical Risks - https://www.reuters.com/business/rising-geopolitical-tension-demand-send-oil-price-outlook-soaring-2022-01-31/
12. 2022-2023 – Budget - https://globalnews.ca/news/8585003/federal-budget-plan-2022/
This document provides a summary of the cost of living in Canada as of October 2021. It includes statistics and data on topics like the consumer price index, housing price index, household debt, carbon taxation, average wages, lumber and natural gas prices. The author is a CPA and subject matter expert who provides contact information. They analyze how various policies have impacted affordability and what further actions could be taken to address issues like housing affordability, skills gaps, competitiveness and supporting different economic sectors.
The document discusses Canada's recovery from the COVID-19 recession. It analyzes GDP and employment data and finds that while the economy has recovered overall, the structure of the economy and labor market has changed. Public sector jobs are growing faster than private sector jobs. Both sectors are increasingly automating. The cost of living is also rising due to increases in housing, gas, and other prices. Small businesses were hard hit by pandemic restrictions and are increasingly moving operations online. The environment and trade are also discussed.
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.
What is next for the Forestry Sector - February 2022.pptxpaul young cpa, cga
Lumber prices continue to impact cost of housing
More needs to be done to mitigate the threats from forest fires
Canada continues to be a world leader in sustainable forest practices - https://www.todayville.com/12-facts-showing-canada-world-class-forestry-sector/
Summary:
Lumber production in Canada is still down 10% since Sept/19 and about 25% since Oct/15
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 20218. It is now 2022 which means close 2M seedlings have been planted.
Canada forestry sector is key sector to the Canadian Economy
Canada forestry sector has faced protectionism policies - https://www.canadianmanufacturing.com/financing/canfor-to-curtail-operations-at-all-but-one-of-its-sawmills-in-british-columbia-234114/
The federal government under Justin Trudeau has done little to support the forestry sector.
Canada forestry sector is key sector to the Canadian Economy
Canada forestry sector has faced protectionism policies - https://www.canadianmanufacturing.com/financing/canfor-to-curtail-operations-at-all-but-one-of-its-sawmills-in-british-columbia-234114/
The federal government under Justin Trudeau has done little to support the forestry sector.
Forest Management world-wide crisis
The document discusses issues facing the global forestry sector. It notes that Canada's forestry sector faces protectionist policies and the federal government under Justin Trudeau has done little to support it. The document outlines topics like commodity prices, the global housing market outlook, housing starts, wages in the forestry sector, employment, protectionism, carbon taxes, regulations, technology advances, and deforestation. It calls for integrated government strategies and reforms to support the sustainable management of forests.
The world depends on its forest as part of managing the CO2 as part of the overall environment. This presentation looks at different angles when it comes to managing the forests.
Forests play a key role in the earth's climate as such it is very important for countries around the world to develop sustainable forestry management practices.
The document discusses issues facing the global forestry sector, including commodity prices, the global housing market outlook, housing starts, merchandise trade, wages, employment, challenges like the softwood lumber dispute and carbon taxes, and actions of governments like Canada. It notes the key role of forests and deforestation. Suggestions are made that governments need integrated forestry strategies, WTO reforms, to stop looking for new taxes and support natural resources, focus on port expansion, and re-examine forest management practices to mitigate wildfires.
The document discusses issues facing the global forestry sector, including commodity prices, the global housing market outlook, housing starts, merchandise trade, wages, employment, protectionist policies, carbon taxes, regulations, forest fires, and deforestation. It analyzes these issues from sources on the forestry sectors in Canada, the US, Siberia, and other regions. The document calls for governments to improve forest management practices, streamline regulations, reduce protectionism, and support infrastructure to help the forestry sector adapt to challenges.
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
Canada| Natural Resources| Forestry Sector| June 2020| What's Nextpaul young cpa, cga
Here is a deep dive into issues facing the forestry sector in Canada as well as around the world. The presentation includes solutions as part of better forestry management practices.
What is next for the Forestry Sector and Lumber Production - July 2023.pptxpaul young cpa, cga
Blog – What is next for the Forestry Sector – July 2023
U.S. sawmills in March produced 3.392 billion board ft. (bbf) of softwood lumber, a decrease of 2.3% from March 2022, but up 20.2% compared with February 2023’s 2.823 bbf, according to the Western Wood Products Assn.’s Lumber Track report for March, dated June 7.
Western U.S. sawmills in March contributed 1.209 bbf to the total, down 11.9% from the prior year’s 1.372 bbf, while output from Southern sawmills rose 4.4% year-over-year to 2.031 bbf from 1.946 bbf. Compared with February, Western and Southern sawmill production increased 20.7% and 19.9%, respectively.
Apparent U.S. softwood lumber consumption in March was 4.573 bbf, down 4.4% from 4.785 bbf in March 2022 but 17.5% higher than 3.893 bbf in February.
Source - https://www.farmprogress.com/business/u-s-lumber-prices-seen-extending-losses-as-sawmills-ramp-up or https://www.scrapmonster.com/news/us-sawmills-produce-less-softwood-lumber-in-march/1/88163
Additional sources and links:
Lumber prices - https://www.lesprom.com/en/news/Canadian_lumber_production_down_6_1_in_April_108551/
Lumber prices - https://hardlines.ca/gp_dailynews/lumber-prices-climb-in-june/
Housing starts - https://www.bnnbloomberg.ca/labour-shortage-in-construction-adding-extra-pressure-to-housing-supply-gap-experts-1.1941272
ESG - https://www.rayonier.com/stories/how-forestry-companies-prove-theyre-sustainable/
Home renovations outlook - https://home.barclays/news/press-releases/2023/07/homeowners-put-off-energy-efficiency-upgrades-due-to-misconcepti/
Technology - https://www.woodbusiness.ca/metsa-group-collectivecrunch-unveil-ai-solution-for-forest-health-monitoring/
What is next for the Forestry Sector and Lumber Production - August 2023.pptxpaul young cpa, cga
Blog – What is next for the Forestry Sector – August 2023
Summary:
Over the last 7 days, the Paper and Forestry Products industry has dropped 5.6%, driven by a pullback from West Fraser Timber of 7.4%. The industry has fallen 4.5% in the last year. Looking forward, earnings are forecast to grow by 38% annually.
Source - https://simplywall.st/markets/ca/materials/paper-forestry-products
Other links and sources:
Wildfires - https://www.devdiscourse.com/article/science-environment/2546682-canadian-wildfire-emissions-double-previous-record-as-flames-rage-on
Curtailment - https://biv.com/article/2023/08/lumber-prices-stabilize-demand-softwood-remains-strong
Log management - https://www.prnewswire.com/news-releases/trimble-launches-new-cloud-based-version-of-its-log-inventory-and-management-system-for-forestry-301883000.html
Housing starts - https://www.constructconnect.com/construction-economic-news/housing-starts-versus-economic-orthodoxy
Hardware - https://www.ibisworld.com/canada/market-research-reports/hardware-stores-industry/
Forestry and AI - https://www.woodbusiness.ca/metsa-group-collectivecrunch-unveil-ai-solution-for-forest-health-monitoring/
Construction - https://www.slideshare.net/paulyoungcga/construction-spending-and-outlook-the-usa-and-the-world-july-2023-analysis-and-commentarypptx
Home Depot - https://www.bnnbloomberg.ca/home-depot-cuts-outlook-as-softening-demand-hits-sales-1.1920802
Drones - https://goodmenproject.com/featured-content/new-tree-tech-cutting-edge-drones-give-reforestation-a-helping-hand/
Technology - https://www.roboticsbusinessreview.com/sponsored-content/cloud-ground-control/how-uncrewed-vehicles-are-assisting-in-combating-climate-change/
This document summarizes key issues facing Canada's forestry sector. It discusses declining commodity prices, a slowing global housing market, falling employment in the sector, and challenges like the softwood lumber dispute and high production costs. While technology is modernizing forestry operations, the federal government under Justin Trudeau has done little to support the industry according to the document. It calls for the next government to implement an integrated strategy with tax and regulatory reforms to improve competitiveness for the struggling sector.
2019 Election| Natural Resources| Forestry Sector| Canada| July 2019paul young cpa, cga
This document provides an overview of issues facing Canada's forestry sector leading up to the 2019 federal election. It discusses commodity prices, the global housing market outlook, housing starts, trade issues, employment levels, challenges like protectionism and high costs, and the need for government support. New technologies are transforming the industry but it still faces challenges without a unified strategy from all levels of government to streamline regulations and reduce taxes and fees affecting competitiveness. The next government must address these issues to better support the forestry sector.
2019 Election| Natural Resources| Development and Sustainability| Canada| Sep...paul young cpa, cga
This document contains contact information for Paul Young, a CPA and CGA with subject matter expertise in various areas including risk management, financial reporting, public policy, and supply chain management. It also contains various links to news articles and other resources related to natural resources, pipelines, carbon taxes, forestry management, and taxes in Canada.
Both services-producing (+0.6%) and goods-producing (+0.5%) industries were up, as 17 of 20 industrial sectors posted increases in November.
Advance information indicates that real GDP for December was essentially unchanged. Widespread increases led by the manufacturing, agriculture, forestry, fishing and hunting, utilities and wholesale trade sectors were offset by declines in the accommodation and food services, mining, quarrying, and oil and gas extraction and retail trade sectors. This advance information for real GDP by industry indicates a 1.6% uptick in the fourth quarter of 2021 and a rebound of 4.9% in the year following the pandemic-induced decline observed in 2020. Given their preliminary nature, these estimates will be updated on March 1, 2022 with the release of the official GDP data for December and the fourth quarter of 2021.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220201/dq220201a-eng.htm
1. Inflation and Canada – https://www.fool.ca/2022/01/31/holding-onto-tonnes-of-cash-heres-how-much-of-it-that-inflation-would-destroy-in-a-decade/
2. Housing - https://financialpost.com/real-estate/busting-the-myth-of-canadas-million-or-more-vacant-homes
3. Supply chain task force - https://canada.autonews.com/manufacturing/supply-chain-issues-be-tackled-new-federal-task-force
4. Mining - https://miningglobal.com/top10/top-10-countries-based-on-natural-resources
5. Electrical vehicles - https://ipolitics.ca/2022/01/31/lobby-wrap-auto-industry-wants-training-as-ev-sales-rise/
6. Middle class - https://www.usatoday.com/story/money/2022/01/31/lost-factory-jobs-make-harder-move-into-middle-class-report-says/9213089002/?gnt-cfr=1
7. Consumer spending - https://www.hellenicshippingnews.com/weaker-u-s-consumer-spending-rising-inflation-pose-dilemma-for-fed/
8. Commodity prices - https://www.hellenicshippingnews.com/commodity-prices-likely-to-be-hit-by-slowdown-before-end-of-2023/
9. ESG - https://www.reuters.com/business/sustainable-business/euroclear-teams-up-with-fintech-expand-esg-services-2022-01-31/
10. Insurance risk - https://www.insurancebusinessmag.com/us/news/environmental/environmental-insurance--what-are-the-concerns-323760.aspx
11. Geopolitical Risks - https://www.reuters.com/business/rising-geopolitical-tension-demand-send-oil-price-outlook-soaring-2022-01-31/
12. 2022-2023 – Budget - https://globalnews.ca/news/8585003/federal-budget-plan-2022/
This document provides a summary of the cost of living in Canada as of October 2021. It includes statistics and data on topics like the consumer price index, housing price index, household debt, carbon taxation, average wages, lumber and natural gas prices. The author is a CPA and subject matter expert who provides contact information. They analyze how various policies have impacted affordability and what further actions could be taken to address issues like housing affordability, skills gaps, competitiveness and supporting different economic sectors.
The document discusses Canada's recovery from the COVID-19 recession. It analyzes GDP and employment data and finds that while the economy has recovered overall, the structure of the economy and labor market has changed. Public sector jobs are growing faster than private sector jobs. Both sectors are increasingly automating. The cost of living is also rising due to increases in housing, gas, and other prices. Small businesses were hard hit by pandemic restrictions and are increasingly moving operations online. The environment and trade are also discussed.
Similar to What is next for the Forestry Sector? (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
This document discusses several topics related to education funding and policy in Ontario, Canada. It includes links to articles about the skills gap in trades, teacher salaries, school board budgets, and the Drummond Report which reviewed education spending. The document questions whether the reader looks at school board budgets and supports bringing back ARC analysis of low-enrollment schools. It also debates the impacts of rising construction costs and the carbon tax on education funding.
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.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
1. What is happening to
World’s forest?
Paul Young CPA CGA
January 7, 2022
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
• Commodity Prices
• Global Housing Market
outlook
• Housing Starts – North
America
• Merchandise Trade
• Wages / Forestry Sector
• Employment
• Issues facing Forestry
• Justin Trudeau and the
Forestry Sector
• Technology and Forestry Sector
• West Fraser and Forestry
• Carbon Sink
• Government Cutbacks and
Audits
Global deforestation
Poor urban planning
Eco-Terrorism
Automation / Forestry Management
Siberia
Forest Fires
California / Fires
What’s next
4. Commodity Prices
Source - https://www.scotiabank.com/ca/en/about/global-economics/commodity-price-index.html or
https://tradingeconomics.com/commodity/lumber
“Softwood lumber prices slowly recover from
recent lows: May 2019”
Source - https://www.woodbusiness.ca/softwood-
lumber-prices-slowly-recover-from-recent-lows-
may-2019/
Source
https://us.spindices.com/indices/
commodities/sp-gsci
8. Forestry Sector (Wages)
Source - https://www.livingin-canada.com/salaries-for-forestry-professionals-canada.html or
https://www150.statcan.gc.ca/n1/daily-quotidien/190530/dq190530a-eng.htm
Average wages annually $52,800/year
• Forestry Sector pays between 25% to
70% higher wages than the service
sector
• Forestry sector personal income tax
ranges are between 35% to 40%
10. Issue facing Forestry
• Softwood Lumber dispute - https://www.bnnbloomberg.ca/economics/video/overall-impact-of-softwood-lumber-dispute-minimal-for-
canada-economist~1108540 or https://www.globalwoodmarketsinfo.com/canada-has-filed-appeal-against-wtos-april-ruling-in-softwood-
lumber-dispute-with-us/
• Carbon Tax – Carbon tax is added on to the cost of production https://www.bnnbloomberg.ca/commodities/video/applying-carbon-tax-
without-cutting-back-regulations-may-be-costly-jack-mintz~1649746
• High stumpage cost - https://www.timescolonist.com/business/teal-jones-shuts-down-logging-in-honeymoon-bay-citing-high-log-costs-
1.23841024
• Hydro Rates - https://www.drydennow.com/local/rickford-aims-to-cut-costs-for-forestry-sector
• Excessive regulations - http://www.chamber.ca/media/news-releases/Canada-competiveness-ranking-drops-4-spots-in-2-years/
• Small business tax reforms - https://www.bnnbloomberg.ca/economics/video/cfib-concerned-by-potential-tax-hits-to-small-businesses-
in-2019~1560874
• Forestry losses - https://www.wri.org/blog/2020/06/global-tree-cover-loss-data-2019
• PBO / Tree Fund - https://www.570news.com/2021/01/28/liberals-two-billion-trees-promise-to-cost-2-78-billion-more-than-planned-pbo-
says/
11. Technology / Forestry Sector
Source - https://www.woodbusiness.ca/how-technology-is-transforming-bcs-forest-industry-
5248/
• Investment into new technologies is revolutionizing the way Canada’s forest industry does business.
The federal government reports between 2005 and 2015, Canada’s forest industry cut its total energy use
by 31 per cent and reduced its greenhouse gas emissions by 49 per cent by generating bioenergy from
waste products and increasing energy efficiency.
• AI and Forestry - https://www.weforum.org/agenda/2018/09/ai-can-help-us-map-forests-down-to-
each-tree/
• Automation - https://www.woodbusiness.ca/fully-automated-applying-robotic-solutions-to-the-
sawmill/
• Supply Chain/Digital = https://www.poyry.com/news/articles/how-will-digitalisation-boost-
forestry-operations
• Analytics and Forestry Management - https://www.ibmbigdatahub.com/tag/6399
16. Eco-Terrorism and other ignition points
There has been a rise in eco-terrorism
• Australia bushfires - https://www.bbc.com/news/world-australia-50568026
• BC Wildfires - https://vancouversun.com/news/local-news/rcmp-say-arson-behind-29-okanagan-
wildfires-over-last-four-years
• Amazon - https://www.washingtonpost.com/world/the_americas/arsonists-are-torching-the-
amazon-this-elite-team-of-firefighters-stands-in-their-way/2019/10/08/525330f4-d8a8-11e9-a688-
303693fb4b0b_story.html
• California Appl Fire caused by a poorly maintained car -
https://www.mercurynews.com/2020/08/04/apple-fire-at-26450-acres-relief-crews-for-weary-
firefighters-arriving/
• Oregon Fires - https://ktvz.com/news/fire/2020/07/28/three-suspicious-la-pine-area-wildfires-
investigated-as-arson-tips-sought/
Source - https://www.slideshare.net/paulyoungcga/is-the-world-headed-to-more-ecoterrorism
17. Forestry Fires
Fire was purposely set/Eco-Terrorism
San Jose Fire/Cal Fire
Power Lines
Balloon collides with power line that sent sparks to
the ground
• Mitigation
• More insulation of wires - https://energized.edison.com/stories/insulated-wires-help-reduce-wildfire-
risk
• Use of AI and Data Analytics in terms of forest prevention/detection
18. Governmen
t Cutbacks
/
Environme
nt/ Audits
• Could it be the cuts in key areas along with poor urban planning makes the narrative for the govt
look good in terms pro climate change?
https://www.slideshare.net/paulyoungcga/urban-planning-issues-facing-urban-planners-april-
2019 or https://www.slideshare.net/paulyoungcga/forest-management-practices-world-april-2019
or https://www.slideshare.net/paulyoungcga/environment-canada-whats-next
• Lack of a flood map - https://www.insurancebusinessmag.com/ca/opinion/updated-flood-maps-
coming-to-canada-78259.aspx
• Rail and Fire - https://www.cbc.ca/news/canada/sudbury/ontario-government-sues-cn-rail-for-
millions-in-firefighting-costs-1.2927083?fbclid=IwAR2_hehuCPiCxUrKa16hfbVhf1JXOT-
tkwRrNNTZwPu8FFnUxgVVLYx3198
• Parks Canada - https://www.hellulandnews.com/science/2017/8/21/the-failure-of-parks-canada
• Budget cuts – Feds - https://nationalpost.com/news/politics/federal-government-cutting-back-on-
disaster-assistance-as-floods-become-more-severe
• PQ Floods = https://www.theglobeandmail.com/news/national/quebec-floods-recede-but-
competing-demands-fill-prevention-debate/article34981361/
• Wildfire mgmt. https://edmontonjournal.com/news/politics/alberta-premier-rachel-notley-
defends-cut-in-wildfire-budget
• Auditor/Tree planting - https://globalnews.ca/news/5201294/ontario-government-cancels-tree-
planting-
program/beta/?utm_expid=.kz0UD5JkQOCo6yMqxGqECg.1&utm_referrer=https%3A%2F%2Fww
w.google.com%2F “A spokeswoman for Natural Resources and Forestry Minister John
Yakabuski said the government is committed to balancing the budget in a responsible
manner. Justine Lewkowicz said in a statement that the forestry industry, which depends on a
sustainable supply of wood, is a responsible steward of the province’s forests. On average, the
forestry industry plants 68 million trees per year, creating jobs for foresters, nurseries, and
tree planters,” she wrote.” – This was make work project that never generated the benefits
19. Automation
• Using drones to plant trees - https://www.nextbigfuture.com/2020/06/flash-
forest-and-tree-planting-with-
drones.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed
%3A+blogspot%2Fadvancednano+%28nextbigfuture%29
• Innovation / planting - https://www.fastcompany.com/90504789/these-drones-
can-plant-40000-trees-in-a-month-by-2028-theyll-have-planted-1-billion
• Tree Planting / Drones -
https://www.standard.co.uk/news/world/treeplanting-drones-could-help-
restore-world-s-forests-a4116376.html
20. Canada Boreal Forest
• Canada’s boreal forest make up 9% of the world forest -
https://www.nrcan.gc.ca/our-natural-resources/forests-
forestry/how-much-forest-does-canada-have/17601
22. Forest Fires – BC and California
https://www.linkedin.com/posts/paul-young-055632b_blog-forestry-management-and-california-
activity-6703181159909724160-qWzg
I think all levels of government need to take a hard look at how they managed their forest to mitigate
the impacts of wildfires
23. Audits
• Significant financial-control weaknesses / NS Forestry and Land -
https://globalnews.ca/news/6095967/nova-scotia-auditor-general-financial-report/
• Forestry Management / City of Toronto -
https://globalnews.ca/news/5221912/toronto-forestry-crews-audit/
• Audit – Clear Cut and Water Management - https://thenarwhal.ca/muddied-waters-
how-clearcut-logging-is-driving-a-water-crisis-in-b-c-s-interior/
• Tree planning / Corporations - https://www.terracestandard.com/news/skeena-
sawmills-in-terrace-contracts-local-firms-for-2020-reforestation-projects/
• Timber Audits -
https://www2.gnb.ca/content/gnb/en/news/news_release.2020.10.0543.html
• Australia - https://www.smh.com.au/environment/conservation/multiple-problems-
with-state-logging-agency-damning-audit-reveals-20201008-p563dj.html
24. California / Fires
Source - https://www.latimes.com/california/story/2020-09-11/california-wildfires-climate-change-gavin-
newsom-trump
• California has done poor job with management of its forests - With CA ablaze, Newsom blasts Trump admin
for failing to fight climate change Source - https://wattsupwiththat.com/2019/05/14/californias-government-
solely-responsible-for-states-forest-management-and-wildfire-debacle/
It is time to for governments to bring in better forest mgmt. practices
• https://www.slideshare.net/paulyoungcga/fiscal-and-economic-management-state-and-local-government-
united-states
25. Blog - COP26 deforestation deal key to slowing climate change, but
Canada must tackle issues of carbon accounting and industry
@forestecogrp
For this commitment to have a meaningful impact, Canada must continue with reforestation and prioritize
protection of its intact, primary forests. We can hope the Trudeau government will use this commitment as a
push to rapidly transition away from extractive practices toward more sustainable economic activities, and
dovetail these efforts with the goals of conservation and reconciliation.
https://www.canadianmanufacturing.com/features/cop26-deforestation-deal-key-to-slowing-climate-change-
but-canada-must-tackle-issues-of-carbon-accounting-and-industry/
Oil sands restore the land back to its normal state – https://www.canadianenergycentre.ca/oil-sands-
producers-team-up-to-plant-more-than-five-million-trees/
Tree planting - https://www.newswire.ca/news-releases/forests-ontario-plants-2-8-million-trees-this-
planting-season-800757167.html
The provincial government have slashed their forestry budgets
Canada is a carbon sink! https://www.slideshare.net/paulyoungcga/how-to-mitigate-the-threats-of-climate-
change-october-2021-250548062
26. LPC / Tree Planting
• https://tnc.news/2020/11/02/government-says-no-plan-or-budget-for-trudeaus-two-billion-trees-
promise/
More lies from the Liberals under @JustinTrudeau and @cafreeland when it comes to the
environment
Here is my work on the environment - https://www.slideshare.net/paulyoungcga/clean-technology-
and-the-green-economy-what-is-next (see slide 53 and 57)
27. Latest / Softwood Lumber
• Duties – Softwood - https://www.supplypro.ca/canada-calls-us-softwood-
lumber-duties-unfair/
• USA Commerce and Softwood Lumber -
https://www.woodworkingnetwork.com/news/woodworking-industry-
news/commerce-lowers-canadian-softwood-lumber-duties-reactions-mixed
• USA and Trade - https://biv.com/article/2020/11/biden-will-be-better-
canadian-resource-exports-analysts-say
28. What’s next
• All level of governments need to work on integrated strategy for Forestry including streamlining regulations, tax fairness, hydro, fees, etc. -
https://www.slideshare.net/paulyoungcga/2019-election-canada-and-global-competitiveness-may-2019
• GDP - https://www2.slideshare.net/paulyoungcga/gdp-and-fiscal-management-canada-september-2020
• Next government needs to push for reforms at WTO including a better dispute mechanism, reduction in protectionism policies, etc. -
https://www.slideshare.net/paulyoungcga/why-do-we-need-the-wto
• The next government needs to stop looking for ways to tax business, i.e. carbon tax or plastic tax or other taxes. – There is a need to reform government -
https://www.slideshare.net/paulyoungcga/how-to-reform-local-and-municipal-government
• More balance to support natural resources in a sustainable way - GDP growth pre-COVID was running at 2.0% which is about the same rate as the past 20 years -
https://www.slideshare.net/paulyoungcga/canada-slow-growth-liberal-party-of-canada-december-7-2016 Trudeau introduce policies that did little to get goods to market or
support small business - https://www.slideshare.net/paulyoungcga/canada-whats-next-for-small-business or https://www.slideshare.net/paulyoungcga/canada-natural-
resources-sector-whats-next
• The next government needs to focus on port expansion as part of supporting getting goods to market.
• Investors - https://www.thewhig.com/commodities/agriculture/investors-skittish-on-lumber-companies-despite-record-prices/wcm/390e2df1-e966-4ac5-a307-
99b6a3a84667?video_autoplay=true
• Thinning trees - https://www.marketwatch.com/story/better-forest-management-means-thinning-trees-and-will-cost-billions-of-dollars-11602685924
• Climate activism focus on the worse scenarios to push their agenda - https://www.slideshare.net/paulyoungcga/canada-clean-technolgy-and-the-green-economy or
https://www.slideshare.net/paulyoungcga/the-real-truth-about-emissions-and-carbon-taxation
• All Governments need to re-look at their forest management practices - https://www.pewtrusts.org/en/research-and-analysis/reports/2020/05/how-states-pay-for-natural-
disasters-in-an-era-of-rising-costs
• BC - https://www.thestar.com/news/canada/2020/10/15/horgan-commits-to-paradigm-shift-in-old-growth-forest-management.html
• Quebec / Forest Management - https://www.woodbusiness.ca/mei-quebecs-forest-management-is-leaving-money-on-the-table/
Editor's Notes
To change the image on this slide, select the picture and delete it. Then click the Pictures icon in the placeholder to insert your own image.
Source - https://www.globalwoodmarketsinfo.com/topic/price-analysis-and-info/
Source e- https://www.woodbusiness.ca/global-lumber-trade-increased-in-march-2020-despite-covid-19/ or https://www.nasdaq.com/market-activity/commodities/lbs