Blog – GDP – Canada – July 2022 Trudeau came to office with GDP running at a pace of $2.3% post 2009 recession. The YTD budget balance was $1B surplus. Trudeau took that budget surplus to $987M deficit within a few months being elected. GDP growth since Trudeau was elected has been driven by both government spending and real estate. Real estate is going through a market correction. I estimate that Trudeau’s policies have cause the treasury about $10B to $16B per year due to his failed policies within the natural resources sector. The natural resources sector continues to face hurdles as part of getting goods out of the ground to market - https://www.slideshare.net/paulyoungcga/what-is-next-for-canada-natural-resources-sector-september-2022pptx Farmers have been complaining about potential changes to fertilizer rules. Farmers have also been impacted by carbon tax and other policies at the federal level. The federal AG minister has yet to come up with a clear plan how her government will address both food costs and security - https://www.slideshare.net/paulyoungcga/agriculture-equipment-sector-analysis-and-commentary-farmingpptx-252950492 Manufacturing sector has also been facing many challenges. All FP Champagne and his government is throws grants and subsidies at companies. There has been no real strategy to address productivity and innovation issues facing the goods-producing sector like the manufacturing sector - https://www.slideshare.net/paulyoungcga/manufacturing-sector-canada-july-2022pptx Trudeau refuses to acknowledge that more spending will not address issues with inflation. Trudeau continues to deflect off key areas driving costs up like supply chain gaps, excessive regulations, new taxes, carbon, and fuel added taxes. https://www.slideshare.net/paulyoungcga/how-to-reduce-inflation-in-canadapptx Trudeau policies continue to hammer the middle class in Canada - https://www.slideshare.net/paulyoungcga/did-justin-trudeau-support-the-middle-class-in-canadapptx

1. GDP AND ECONOMICS
ANALYSIS – CANADA AND
THE WORLD – JULY 2022
Paul Young CPA CGA
September 29, 2022

2. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos

3. AGENDA
• GDP Forecast
• G7 GDP
• Employment Growth vs GDP Growth
• GDP by Industry
• GDP per capita
• Blog / Slow Growth
• Blog / Circular Economy
• Stock Market
• Supply Chain
• Green Inflation with the Circular and Green Economy
• Automation
• Summary
• Education/Skills Development

4. LATEST FORECAST
PRESENTATI, ON TITLE 4

5. G7 GDP GROWTH

6. GDP (LPC VS CPC)

7. GDP BY INDUSTRY
https://www150.statcan.gc.ca/n1/daily-quotidien/220429/dq220429a-eng.htm

8. GDP BY INDUSTRY

9. GDP BY INDUSTRY
https://www150.statcan.gc.ca/n1/daily-quotidien/220429/dq220429a-eng.htm

10. PER CAPITA INCOME / CANADA
Gross domestic
product, income and expenditure, second quarter 2022 - dq220831a-eng.pdf

11. BLOG – SLOW GROWTH
• Canada’s economy went from 3% in 2017 to 1.9% in 2019. The USA economy grew at 2.2% in 2019.
• Canada took $1B surplus YTD Nov/15 and turned that into 15B+ deficit for growth on average of 2.0%. The CPC
were averaging 2.3% growth post-2009 recession.
• Goods-service sector lags the service sector in terms of job growth
• All levels of government have not prioritized the supply chain including making key products strategic to the
health of the economy - https://www.slideshare.net/paulyoungcga/how-to-reshore-supply-chain-management
Here is my previous work on the economy:
• 2016 https://www.slideshare.net/paulyoungcga/2016-november-2016-gdp-gross-domestic-product-canada
• 2018 https://www.slideshare.net/paulyoungcga/gdp-canada-the-real-truth
• Oct/19 - https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp
• Dec/20 https://www.slideshare.net/paulyoungcga/scorecard-and-gdp-canada-december-2020-and-november-2020
• Pandemic
• https://www.slideshare.net/paulyoungcga/how-best-to-managed-a-pandemic-february-14-2021

12. CIRCULAR ECONOMY AND THE
ENVIRONMENT
Here is a brief look at the circular economy. Data, AI, security, and platform can play a key role in
supporting the low-carbon economy. https://www.slideshare.net/paulyoungcga/how-to-maximized-
the-circular-economy-249424158

13. CANADA AND STOCK MARKET
PRESENTATION TITLE 13
Equity_BMO_202223
09.pdf

14. BANK OF CANADA / MONETARY POLICIES

15. KEY COST DRIVERS

16. SUPPLY CHAIN
https://www.slideshare.net/paulyoungcga/how-to-reshore-supply-chain-and-build-a-resilient-supply-chain-251040548
Farmers are seeing higher input costs
CAN trails countries like AUS in in terms of developing natural resources in a sustainable way
Food processors are struggling with labor shortages.
USA is becoming a world leader in LNG

17. AUTOMATION
Frost & Sullivan’s recent analysis finds that Internet of Things (IoT) adoption is growing in India. Backed by strong
connectivity and coverage, rising internet penetration, a surge in smart applications adoption, new business models,
and government initiatives such as smart city projects, the Indian IoT market is expected to reach $9.28 billion by
2025 from $4.98 billion in 2020. Pandemic-triggered changes in enterprise behavior and verticals’ focus on
automation are driving the market.
https://www.canadianmanufacturing.com/manufacturing/pandemic-accelerated-digital-transformation-and-
adoption-of-automation-fuel-global-iot-market-277565/
India along with other countries will continue to adopt IoT as part of 5G network expansion!
This ties nicely into my work on Industry 4.0 - https://ibm.box.com/s/rsp6p9tez8uru9fo0wu5d13bxt7rtrr0

18. GREEN INFLATION AND THE CIRCULAR AND GREEN ECONOMY
I have written many presentations and blogs on the circular and green economies. My biggest frustration is that policy focus
has been to narrow in areas of carbon tax and more regulations. The main drivers of environment are land, water, forest
management, air quality, and waste management. Technology can play a role with protecting the environment without taxing
and overregulating the economy to death. We need to protect the environment while growing an inclusive economy.
I believe more focus should be on the tax act, R&D, strategic partnerships, standardization of ESG reporting, risk, and crisis
management, reforming the WTO, and better urban and rural planning. Countries that are highest polluters should be forced
to change their ways!
https://www.slideshare.net/paulyoungcga/protecting-the-environment-through-proper-policies-relate-to-green-and-
circular-economy

19. 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 and middle class - https://www.slideshare.net/paulyoungcga/did-justin-
trudeau-support-the-middle-class-in-canadapptx
• Trudeau move Canada GDP to debt driven through higher real estate and public spending -
https://www.slideshare.net/paulyoungcga/fiscal-management-cycle-canada-july-2022pptx
• Trudeau policies did little to improve competitiveness - https://www.slideshare.net/paulyoungcga/how-to-improve-
canada-global-competitiveness-251338416
Blog – GDP – Canada – July 2022
GDP - Stats
Canada.pdf
Summary:
Real gross domestic product (GDP) edged up 0.1% in July, after a similar increase in June
(+0.1%). Growth in goods-producing industries (+0.5%) was partially offset by a decline in
services-producing industries (-0.1%), with 11 of 20 industrial sectors increased in July.
indicates that real GDP was essentially unchanged in August. Increases in retail and wholesale
trade, as well as in agriculture, forestry, fishing, and hunting were offset by decreases in
manufacturing and oil and gas extraction. Owing to its preliminary nature, this estimate will be
updated on October 28 with the release of the official GDP data for August.
Source: https://www150.statcan.gc.ca/n1/daily-quotidien/220929/dq220929a-eng.htm
S&P 500 Q3
Earnings Expected To Be Lowest Since 2020; Meta Platforms, Alphabet Are Losers Investor's Business Daily.pdf
Canadians won't
escape the effects of global currency chaos CBC News.pdf
Taming Global
Supply Chain Risks, Holistically.pdf
Alberta economy
expected to avoid Canadian GDP shrinkage Calgary Herald.pdf
Canada and GDP -
Green Economy.pdf
The 2018 to 2021
revisions of the National Tourism Indicators.pdf
Canadian-based
International Battery Metals claims to have better way of extracting lithium - The Globe and Mail.pdf
A triple play deal for
battery materials between Canada and Korea prove critical minerals incentives work.pdf
Lumber Prices Fall
Back to Around Their Pre-Covid Levels - Tree Frog creative.pdf
API New Study U.S.
LNG to Meet Europe’s Energy Needs in Short- & Long-Term.pdf
Extremely Dangerous
Hurricane Ian Shuts In 11_ Of Gulf Of Mexico Oil Production OilPrice.com.pdf
U of G Researchers
Aim to Make ‘Smart Farming’ Work for Greater Food Security - U of G News.pdf
How To Increase
Food Security In A Post-Covid World.pdf
Why are houses so
expensive right now Blame remote work.pdf
Oil rallies the most
since July as supply risks tighten outlook - BNN Bloomberg.pdf
Commodities tumble
with surging dollar hitting raw materials - MINING.COM.pdf
FDI_USA.pdf
1. GDP Growth / Canada – https://thoughtleadership.rbc.com/proof-point-canada-still-isnt-
spending-enough-on-the-green-economy/
2. Supply Chain - https://www.insurancejournal.com/news/international/2022/09/29/687305.htm
3. Tourism - https://www150.statcan.gc.ca/n1/pub/13-605-x/2022001/article/00005-eng.htm
4. Lithium - https://www.theglobeandmail.com/business/article-battery-metals-lithium-
extraction-plants/
5. LG - https://investorintel.com/markets/technology-metals/technology-metals-intel/a-triple-
play-deal-for-battery-materials-between-canada-and-korea-prove-critical-minerals-incentives-
work/
6. Lumber - https://treefrogcreative.ca/lumber-prices-fall-back-to-around-their-pre-covid-levels/

20. 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