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: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
3. 3
Agenda
• Key Metrics
• Employment – March 2021 – Canada
• Trade – February 2021 – Canada
• Manufacturing – Canada
• Housing – Canada
• Cost of Living / Canada
• Electricity
• Fiscal Update / Canada
• Blog – Internet
• Blog – Path Forward – Budget 2021
• Blog – Competitiveness
• Summary
7. 7
GDP Analysis – May 2021
Blog – GDP – Canada by Industry – May 2021 - https://www.slideshare.net/paulyoungcga/gdp-canada-naics-
may-2021
Public Sector and Housing have led GDP growth for the past 6+ years.
Natural Resources and AG sector have led the growth for the goods-producing sector over the past 6+ years.
There are many challenges impacting the Cdn Economy.
8. 8
Employment – Canada – June 2021
Employment rose by 231,000 (+1.2%) in June, following a cumulative decline of 275,000 over the
previous two months.
Employment growth was entirely in part-time work and concentrated among youth aged 15 to 24.
https://www.slideshare.net/paulyoungcga/employment-and-labour-market-canada-june-2021
9. 9
Trade – Canada –
May 2021
Blog – Trade – Canada – May 2021 -
https://www.slideshare.net/paulyoungcga/merchandis
e-trade-canada-and-the-world
Ongoing trade disputes with the USA despite the new
NAFTA agreement being full force.
Imports rose by 2.1% in May/21 as compared to
April/21.
Real volume growth of exports was only 1.4%
10. 10
Manufacturing – Canada – Manufacturing
Manufacturing sales fell 0.6% to $57.9 billion in May, the second consecutive monthly decline. The machinery,
chemical and fabricated metal industries were mainly responsible for the decline. Sales of wood product
manufacturing increased the most, followed by primary metal.
https://www.slideshare.net/paulyoungcga/manufacturing-canada-may-2021
11. 11
Housing – Canada
Lumber has decreased in price.
There are still issues with supply which is driving up prices.
More needs to be done to mitigate real estate against the impacts of climate change.
More adoption of innovation when it comes to building housing.
https://www.slideshare.net/paulyoungcga/real-estate-and-housing-market-canada-and-the-world-
249808860
12. 12
Cost of Living
Carbon taxes had an impact on prices.
Bad Liberals policies that do little to address issues with supply chain.
Failures of all levels of govt to address the systemic issues with housing.
https://www.slideshare.net/paulyoungcga/cost-of-living-canada-june-2021 or
https://www.slideshare.net/paulyoungcga/how-to-reshore-supply-chain-management-april-2021
13. 13
Electricity
Construction officially started July 13 on the ACP100 small modular reactor demonstration project at the Changjiang nuclear
power plant on China’s island province of Hainan. China National Nuclear Corporation (CNNC) said the project will be the
world’s first land-based commercial SMR. The multi-purpose 125 MWe pressurized water reactor (PWR) – also referred to as
the Linglong One – is designed for electricity production, heating, steam production or seawater desalination.
https://www.nextbigfuture.com/2021/07/acp100-small-modular-reactor-starts-
construction.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2Fadvancednano+%28n
extbigfuture%29
Blog – Electricity – What is next - https://www.slideshare.net/paulyoungcga/world-electricity-analysis-and-commentary-april-
2021
14. 14
Fiscal Monitor – Canada
Blog – Fiscal Management – Canada – April 2021 and May 2021
https://www.slideshare.net/paulyoungcga/canada-public-sector-government-what-is-next
16. 16
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-next-for-canada-may-2021
17. 17
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
18. 18
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
19. 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