Analysis of macro, micro, and fiscal indicators.

1. Fiscal and Economic
Scorecard – Canada
– April 2022 and
March 2022
Paul Young CPA CGA
May 31, 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. 3
Agenda
• Key Metrics
• Employment – Canada
• Trade – Canada
• Manufacturing – Canada
• Housing – Canada
• Cost of Living / Canada
• Electricity
• Fiscal Update / Canada
• Blog – Path Forward – Budget 2021
• Blog – Pharmacare
• Blog – Job Quality
• Blog – Climate change
• Blog – Plastics
• Blog – Wind and Recycling
• Blog – Competitiveness
• Blog – Energy Crisis
• Blog – Electrical Vehicles
• Blog – Critical Metals
• Blog – Monetary Policies
• Blog – Retail Sector
• Blog – Transforming the Public Sector
• Blog – ESG Reporting
• Summary

4. 4
Key Metrics

5. 5
Key Metrics

6. 6
Key Metrics

7. GDP by Industry
The economy grew at an annualized rate of 3.1 per cent in the first quarter, helped by business investment and household
spending, Statistics Canada said Tuesday.
The result was down from an annualized rate of 6.6 per cent in the fourth quarter of 2021.
Statistics Canada said the change came as export volumes dropped 2.4 per cent for the quarter, following two consecutive
quarterly increases.
Meanwhile, the agency said household spending rose 0.8 per cent in the first quarter, to mark a third consecutive quarterly
increase.
Spending on durable goods gained 2.6 per cent in the first quarter, helped by a 16.1 per cent increase in spending on new
passenger cars and a 3.5 per cent gain for new trucks, vans and sport utility vehicles.
Source - https://ca.finance.yahoo.com/news/statistics-canada-release-gdp-figures-080000031.html and
https://www.slideshare.net/paulyoungcga/gdp-analysis-and-commentary-canada-march-2022pptx

8. 8
GDP Growth and Deficits
Source – Stats Canada, BMO, and Finance Department –
Canada

9. 9
Blog – Slow Growth
@MarkGerretsen I think you miss the memo?
MSM never mentioned how GDP went from 3.0% in 2017 to 1.6 in 2019. Trudeau also never
mentioned how inflation.
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
Oct/21 https://www.slideshare.net/paulyoungcga/gdp-canada-analysis-and-commentary-october-2021

10. Employment / Analysis

11. Middle Class

12. Stats Canada - Trade Cdn. Merchandise
Trade Balance (Mar.) — Energy a Force for Trade.pdf

13. 13
Manufacturing Sales – Canada
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220516/dq220516a-eng.htm
Stats Canada - MFG
Sales - Canada.pdf

14. 14
Top Trends for Manufacturing
1. Onshoring
2. A Shift from B2B to B2C
3. Additive Manufacturing
4. Cybersecurity
5. Smart factories
6. ESG initiatives
7. Talent acquisition
• https://www.thomasnet.com/insights/top-7-manufacturing-trends-for-2022/?ecms_id=be52c10e-4a96-49ec-92e8-
3fe6cea78bda&ecms_short=ART6835&doc_type=ted_article&sponsored=&acct=&parent_id=357a9397-5b6e-4a4b-92e1-
9b9c901450e4&utm_content=featuredstory&position=1&linktype=title&channel=email&campaign_type=thomas_industry_
update&campaign_name=tiu220325&utm_campaign=tiu220325&utm_medium=email&utm_source=thomas_industry_upd
ate&tinid=221763045
• My links
• USA - https://www.slideshare.net/paulyoungcga/united-states-manufacturing-sector-continues-to-face-many-challenges
• Canada - https://www.slideshare.net/paulyoungcga/canada-what-is-next-for-manufacturing-february-2022-and-january-
2022
•

15. 15
Housing – Canada
@stevendelduca loves to say he will fix housing & yet does not grasp the following issues
High cost of building material
Availability & cost of land
Lack of 3D housing adoption
No rural vs urban planning strategy
His govt in past built in the greenbelt
https://www.slideshare.net/paulyoungcga/housing-and-homelessness-canada-and-the-world-april-2022pptx

16. Summary - Inflation
Canada’s annual inflation rate accelerated to 6.8 per cent in April, the highest since January 1991, on food and shelter
prices, Statistics Canada said on Wednesday.
Source - https://www.bnnbloomberg.ca/the-daily-chase-inflation-day-in-canada-full-blown-war-on-new-housing-
1.1767546 and https://financialpost.com/news/economy/canadian-inflation-rate-rises-to-6-8-beating-expectations

17. Power Generation / Key Country –
Source - https://www.iea.org/reports/monthly-oecd-electricity-statistics
Blog – Electricity – Commentary and Analysis – February 2022 -
https://www.slideshare.net/paulyoungcga/electricity-analysis-and-commentary-february-2022pptx

18. New estimated Projection Deficit
Summary:
Canada had a structural deficit pre-covid 19 of $15B -
https://www.nasdaq.com/articles/canada-pms-deal-
with-opposition-party-raises-deficit-inflation-alarm-bells
and https://www.slideshare.net/paulyoungcga/canada-
fiscal-management-deficit-and-debt-january-2022pptx
Trudeau promised a thriving economy that would leave
no one behind. That has not been the case as more and
more Canadians are struggling with high household debt
- https://www.mpamag.com/ca/news/general/statcan-
household-mortgage-debt-continues-to-mount/399682
Trudeau move Canada GDP to debt driven through higher
real estate and public spending -
https://www.slideshare.net/paulyoungcga/search_my_u
ploads?type=&new=&q=GDP
Trudeau policies did little to improve competitiveness -
https://www.slideshare.net/paulyoungcga/how-to-
improve-canada-global-competitiveness-251338416

19. Canada and Stock Market
PRESENTATION TITLE 2/11/20XX 19
Rate Relief.pdf

20. United States – Stock Market
PRESENTATION TITLE 2/11/20XX 20
Rate Relief.pdf

21. Stock Market W/E May 27, 2022
Summary:
The S&P gained 2.5%. The Nasdaq composite jumped 3.3% and the Dow Jones Industrial Average closed 1.8% higher.
The small-cap Russell 2000 gained 2.7%. Volume was mixed, rising on the Nasdaq but falling on the New York Stock
Exchange compared to the same time Thursday.
Meanwhile, the yield on the benchmark 10-year Treasury note slid to 2.74%. West Texas Intermediate crude oil rose again
and was trading around $115 per barrel.
Positive inflation data was helping stocks end the week on a high note. Core personal consumption expenditures — the
Federal Reserve's preferred inflation indicator — rose 4.9% in April, slower than March's 5.2% increase.
The inflation data "raised expectations that inflation is peaking," said economist Ed Yardeni. He said he still expects the
Fed to raise interest rates by a half point in each of the next two meetings in June and July. "The S&P 500 should continue
to move mostly sideways this year, consolidating its gains since the start of the bull market in 2009 and correcting the
pandemic valuation excesses," he wrote in a social media post.
Source - https://www.investors.com/market-trend/stock-market-today/stock-market-extends-rally-as-key-inflation-rate-comes-in-
lower-tesla-boeing-apple-lead-indexes/ and https://www.slideshare.net/paulyoungcga/what-is-up-with-the-stock-market-may-27-
2022pptx

22. Summary
PRESENTATION TITLE 2/11/20XX 22
Summary:
The stock market sold off sharply Friday, as bond yields hit new highs, reflecting the Federal Reserve’s intent to rapidly
hike short-term interest rates. The 2-year Treasury yield closed at a new multi-year high.
The Dow Jones Industrial Average closed down 981 points, or 2.8%, while the S&P 500 was down 2.8%. The Nasdaq
Composite fell 2.6%. The Dow had its worst day since October 28, 2020.
Source https://www.barrons.com/articles/stock-market-today-51650617605 and
https://www.slideshare.net/paulyoungcga/what-is-up-with-the-stock-market-april-21-2022pptx
Stock market news
live updates Stocks extend losses as investors weigh hawkish Powell remarks, more corporate earnings.pdf
Analysis Growth
slowdown fears temper bullishness on commodity currencies Reuters.pdf
How war in Ukraine is
reshaping global order – Harvard Gazette.pdf
Global public debt to
fall to 94.4% of GDP in 2022 IMF.pdf
Opinion The Russian
Invasion of Ukraine in Context Global Risk Insights.pdf
Will the Housing
Market Crash .pdf
Peterborough letter
Housing crisis isn’t a partisan issue ThePeterboroughExaminer.com.pdf
Agritech investments
needed now to shore up B.C. food security - Commentary Business in Vancouver.pdf
Robotic Disruption in
US Workforce Leads to New Opportunities and Challenges RoboticsTomorrow.pdf
Weekly roundup
monetary policy will determine greenflation - Green Central Banking.pdf
Free Markets vs.
Green Energy - WSJ.pdf
Financial insecurity is
the next great health crisis Modern Healthcare.pdf
How technology can
help solve the healthcare affordability crisis.pdf
Shanghai’s Plan to
Reboot the Supply Chain Will Hit Workers Hardest WIRED.pdf
Stagflation Threat Is
Latest Nail-Biter For Retailers.pdf
Why Is the Stock
Market Down Today Dow Dropped Nearly 1,000 Points as Bond Yields Rose. Barron's.pdf
v
Blog – Stock Market – WE April 21, 2022
Hawks Still
Circling.pdf
Stock market news
live updates Stocks extend losses as investors weigh hawkish Powell remarks, more corporate earnings.pdf
WestpacWeekly.pdf China Economic.pdf
Summary:
The stock market sold off sharply Friday, as bond yields hit new highs, reflecting the Federal
Reserve’s intent to rapidly hike short-term interest rates. The 2-year Treasury yield closed at a
new multi-year high.
The Dow Jones Industrial Average closed down 981 points, or 2.8%, while the S&P 500 was
down 2.8%. The Nasdaq Composite fell 2.6%. The Dow had its worst day since October 28,
2020.
Source https://www.barrons.com/articles/stock-market-today-51650617605
1. Commodity Price - https://www.reuters.com/business/finance/growth-slowdown-fears-temper-
bullishness-commodity-currencies-2022-04-21/
2. Global GDP - https://news.harvard.edu/gazette/story/2022/04/how-war-in-ukraine-is-
reshaping-global-order/
3. Government Debt - https://www.aa.com.tr/en/economy/global-public-debt-to-fall-to-944-of-
gdp-in-2022-imf/2570337
4. Geopolitical Risks - https://globalriskinsights.com/2022/04/opinion-the-russian-invasion-of-
ukraine-in-context/
5. Housing bubble - https://clark.com/homes-real-estate/housing-market-crash/ and
https://www.thepeterboroughexaminer.com/opinion/letters-to-the-
editors/2022/04/22/peterborough-letter-housing-crisis-isnt-a-partisan-issue.html
6. Food - https://biv.com/article/2022/04/agritech-investments-needed-now-shore-bc-food-
security

23. 23
Path Forward for Canada
Blog – What is next for Canada
• The new normal means likely changes on how parts of the GDP work including capacity restrictions for
sectors like hospitality, tourism, and entertainment.
• Development of natural resources in sustainable way
• Protecting the environment while growing the economy
• Addressing issues with job quality
• Addressing issues with the cost of living
• Implementing tax fairness policies
• Addressing the delivery model for government including more performance audits and value for money
audits.
Source - https://www.slideshare.net/paulyoungcga/what-is-the-path-forward-for-canada-october-2021

24. 24
Commodities
All levels of government, private sector, and Indigenous band councils need to work together to better
develop Canada’s natural resource in a sustainable way. All Canadians could benefit by higher revenue
from the natural resources sector.
Canada mining practices are some of the bests in the world!
https://www.slideshare.net/paulyoungcga/natural-resources-canada-whats-next-march-2022pptx

25. 25
Pharmacare
“The federal government is out of excuses: It’s time to get serious about pharmacare”
https://www.canadianmanufacturing.com/features/the-federal-government-is-out-of-excuses-its-time-to-get-
serious-about-pharmacare/
The program with this article is there no focus on various government drug programs that need to be
consolidated. There also needs to be focus on a made in Canada solutions related to drug development.
My work - https://www.slideshare.net/paulyoungcga/biotech-and-pharmaceutical-september-2021

26. 26
Job Vacancies
Source – CIBC and Stats Canada

27. 27
Climate Change
Blog – Growing the Circular Economy through better Climate Mitigation Policies
I support better policies that encourage both the private and public sectors to move their operation model to zero-
waste. More work needs to be done on policies related to waste-to-energy (CCA) or abolishing carbon taxation or
streamlining of regulations and taxes or tax credits for environmental work, i.e., tree plant or water management or
other areas of the environment.
https://www.slideshare.net/paulyoungcga/how-to-advance-the-circular-economy-through-climate-mitigation-policies

28. 28
Plastics
Plastics play a key role as part of disease mitigation including masks, dividers, storage, etc. The real issue is how
best to recycle the plastics as part diverted waste from waterways and landfill sites.
https://www.canadianmanufacturing.com/manufacturing/plastic-resin-emerges-as-tiniest-example-of-
enduring-covid-19-supply-chain-crunch-273555/
My work: https://www.slideshare.net/paulyoungcga/how-to-maximized-the-circular-economy-250318403

29. 29
Wind Turbines and Recycling
Blog – Wind Power and Recycling - https://www.linkedin.com/posts/paul-young-055632b_to-end-wind-power-
waste-siemens-gamesa-designs-activity-6848534185544699904-bg01
There needs to be a global strategy on how to recycle the old blades. https://windeurope.org/newsroom/press-
releases/wind-industry-calls-for-europe-wide-ban-on-landfilling-turbine-blades/

30. 30
Competitiveness
@MPJulian and the NDP
Shutdown tax-havens.
Fix the tax act.
Getting more value for money out of program spending
The focus should be on protecting the environment while
growing the economy in a sustainable way.
https://www.slideshare.net/paulyoungcga/tax-fairness-and-
business-competitiveness-analysis

31. 31
Energy Crisis
Australia exported 3-13 million tons per month of coal to China in 2020. If China needs 50 million tons per month that
is rapid increase in coal production. It is unclear in China and Australia would be able to ramp to meet the demand.
China is already in a shortage of perhaps 50 million tons per month.
If there is a rapid surge in coal importing to China, there could be overbidding that causes shortages for other Asian
countries. This will also make the supply chain problems even worse.
Prioritizing heating over electricity means more factory shutdowns.
Prioritizing heating coal imports over other supply chain means that the 200 ships waiting to get unloaded get bumped
back at the ports for hundreds of coal ships.
China having coal production problems is tough because building other sources of electricity and heating will take
years. Especially if China wants to get beyond current levels to support 6% per year GDP growth.
https://www.nextbigfuture.com/2021/10/173364.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bl
ogspot%2Fadvancednano+%28nextbigfuture%29
This ties nicely to my work on energy - https://www.linkedin.com/pulse/world-heading-energy-crisis-paul-young/

32. 32
Electrical Vehicles
Blog - World Largest Plug-in Station provider promises full charge in 15 minutes - Electrical Vehicles
Technology company ABB made an announcement stating it has created the quickest electric vehicle charger. ABB claims that in just under
three minutes, its charger, the Terra 360, can provide a range of 62 miles. Leave the vehicle plugged in for 15 minutes, and it can be fully
charged.
New Atlas reports ABB’s Terra 360 possesses a maximum output of 360 kW. The charger resembles a gasoline pump and has four ports and
16-foot retractable cables that allow it to charge as many as four vehicles at the same time. Although, if four vehicles are charging
simultaneously, the kW decreases to 90.
https://www.thomasnet.com/insights/world-s-fastest-ev-charger-promises-full-battery-in-15-minutes/?ecms_id=8afea2aa-cf09-4d8c-996c-
d6af6c50fd63&ecms_short=ART5963&doc_type=ted_video_article&parent_id=4a24fd38-8dd6-4945-8747-
c1c52587a6e5&utm_content=featuredvideo&linktype=title&channel=email&campaign_type=thomas_industry_update&campaign_name=tiu
211026&utm_campaign=tiu211026&utm_medium=email&utm_source=thomas_industry_update&tinid=221763045
Additional Links:
eVehicles - https://www.slideshare.net/paulyoungcga/electrical-vehicles-and-plugin-stations-adoption-october-2021
Plug-in stations issues - https://www.wealth-wave.com/wealth-wave/3-ev-speedbumps-3-potential-profits/
Grid limitations - https://www.rte.ie/news/business/2021/1020/1254828-maxol-20m-investment/
Grid connection issues - https://www.cbc.ca/amp/1.6224159
Car rentals - https://www.cnbc.com/2021/10/25/tesla-hertz-ev-deal-signal-to-rental-car-fleets-its-time-for-electric.html

33. 33
Natural Resources / Critical Metals
Blog – Natural Resources Sector – What is next – October 2021
Canada’s natural resources sector is about 11% of its GDP. Canada needs to put a focus on development of its’ natural
resources in a sustainable way as part of support the green and circular economy.
Canada has sizeable reserves in the areas of critical metals - https://mineralprices.com/canada-should-take-the-lead-in-
global-critical-minerals-development-panel/?utm_source=rss&utm_medium=rss&utm_campaign=canada-should-take-
the-lead-in-global-critical-minerals-development-panel
My work
https://www.slideshare.net/paulyoungcga/what-is-next-for-canada-and-worlds-natural-resources-250492008
Key stocks - https://investingnews.com/daily/resource-investing/critical-metals-investing/rare-earth-investing/top-
canadian-rare-earths-stocks/

34. 34
Monetary Policies – BOC
Key Implications
In the latest highly anticipated decision, the Bank of Canada changed up the script. It pulled forward the timing of
when it expected the output gap to close to the middle quarters of next year as it judged that supply disruptions were
weighing more heavily on the economy's productive capacity. So, even as the GDP forecast was revised down in this
MPR, the output gap closed sooner than what the Bank had projected in July.
In terms of our own view, we expect the Bank will raise rates three times next year, taking the overnight rate to 1%
by the end of 2022. Inflation is heating up, and it would be prudent to remove some monetary stimulus as the
economy continues down the road to recovery.
We must acknowledge that there is significant uncertainty around the economic outlook right now. A resurgence of
the pandemic could result in greater stimulus, but if there is a faster-than-expected acceleration in household
spending, the Bank could raise rates at a faster clip. The Bank of Canada is showing that it is nimble and will react
quickly to the evolving economic landscape.
https://economics.td.com/ca-boc-interest-rate-announcement
Additional Links:
https://www.slideshare.net/paulyoungcga/what-is-next-for-global-monetary-policies-october-2021

35. 35
Transforming the Retail Sector
https://www.theglobeandmail.com/business/industry-news/property-report/article-innovation-driving-transformation-of-retail/
The shift of consumer spending to the digital realm is driving the transformation of physical retail into an immersive,
“phygital” experience, Ms. Nicholls says.
“Omnichannel has been a buzzword in retail for a long time,” says Ashley Barby, founder of Toronto-based, retail-
innovators hub FashionTech, whose report, Store of the Future, was released this month.
As pandemic restrictions continue to ease, customers will expect “a post-omnichannel world – or a channel-less
environment – where everything has merged, and the customer transacts seamlessly within all of them.
Additional links:
Australia – Retail Sales – August 2021 - https://www.slideshare.net/paulyoungcga/retai-sales-australia-august-2021
Canada - https://www.slideshare.net/paulyoungcga/retail-sales-and-consumer-spending-canada-august-2021
USA - https://www.slideshare.net/paulyoungcga/retail-sales-usa-september-2021

36. 36
Transforming the Public Sector
Blog – How to fix the Governance Model for
the Public Sector -
https://www.slideshare.net/paulyoungcga/h
ow-to-fix-the-goverance-model-for-the-
public-sector-government-249941842
Source - https://www.auditboard.com/

37. 37
ESG Reporting
Blog - 88 percent of Industrial Businesses Are Now Prioritizing Sustainable Manufacturing - https://www.linkedin.com/pulse/blog-88-
percent-industrial-businesses-now-paul-young/?published=t
In a strategic move to increase operational efficiency while simultaneously reducing cost, many industrial business leaders have recently been
prioritizing sustainability throughout their facilities. Sustainable manufacturing, which the U.S. Department of Commerce defines as using
industrial processes that minimize negative environmental impacts and are safer for both employees and consumers, has been gaining
momentum lately amid what the United Nations calls the “Decade of Action.”
A recent study from Oxford Economics highlighted that 65% of companies have created a clear mission statement around sustainability, with
another 23% noting that they are in the process of developing such a statement, for a total of 88% of companies prioritizing sustainability.
Similarly, in a recent SAP survey, 46% of industrial business leaders shared that sustainability is top of mind for them throughout the
manufacturing process, and 68% of them have reduced energy consumption at their businesses.
https://www.thomasnet.com/insights/88-of-industrial-businesses-are-now-prioritizing-sustainable-manufacturing/?ecms_id=f3a900b0-35f4-
494d-8457-fda636ddd249&ecms_short=ART5960&doc_type=ted_video_article&parent_id=2fd67156-2dae-43a3-82d5-
fdf35ab36f99&utm_content=featuredvideo&linktype=title&channel=email&campaign_type=thomas_industry_update&campaign_name=tiu2
11018&utm_campaign=tiu211018&utm_medium=email&utm_source=thomas_industry_update&tinid=221763045
Additional links:
This ties nicely into my work - Clients/Customers are looking at the best way to integrate data into their reporting systems as well as ensuring
they are complying with various regulation filings as part of their GRC models -
Templates: https://ibm.box.com/s/nsbds2s5v8znpwqzc03p9urykbat38w0
Presentation: https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce

38. 38
Canada vs Australia

39. 39
Summary
• New normal is hear to stay - https://www.slideshare.net/paulyoungcga/new-normal-for-canada-
and-the-world-248752153
• Addressing issues facing the middle class - https://www.slideshare.net/paulyoungcga/how-is-the-
middle-class-doing-in-canada
• All levels of government need a new governance model that emphasizes the size of government,
value for money, oversight, transparent, and accountability -
https://www.slideshare.net/paulyoungcga/how-to-fix-the-goverance-model-for-the-public-sector-
government
• Addressing issues with the global economy including reforming UN, WHO, WTO, and other areas of
global policies to support a more inclusive economy -
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global-economy-may-2021
• Addressing issues with debt - https://www.slideshare.net/paulyoungcga/debt-issues-global-debt-
crisis-analysis-and-commentary-248282137

40. Training and Development
• If you like to learn more
about trade and/or other
subjects as part of your
professional learning,
and development then
feel free to review my
material on
https://www.udemy.com
/ (search Paul Young
CPA CGA)
• These subjects address
how to fixed issues with
housing and/or
systemic issues related
to economy including
government policies