Paul Young provides a summary of key fiscal and economic metrics for Canada in February and March 2021. The document includes sections on employment, trade, manufacturing, housing, cost of living, electricity, and fiscal updates. It also includes blogs on various related topics and calls for the government to improve programs, conduct more audits, and focus on competitiveness.

1. Fiscal and Economic
Scorecard – Canada
– February 2021
and March 2021
Paul Young CPA CGA
April 30, 2021

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 – Fraud Detection and Prevention
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
Paul_Young_Cga@hotmail.com

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

4. 4
Key Metrics

5. 5
Key Metrics

6. 6
Key Metrics

7. 7
Employment – Canada – March 2021
Blog – March 2021 – Employment and Labor -
Canada
Job market added over 300K but many of
those jobs pay less than the average wage -
https://www.ctvnews.ca/business/economy-
adds-303-000-jobs-in-march-unemployment-
rate-falls-statistics-canada-says-1.5380602
Canada unemployment rate is becoming
structural as job vacancies in areas are not
being filled and/or the jobs open required
advance skills -
https://www150.statcan.gc.ca/n1/daily-
quotidien/210330/dq210330a-eng.htm or
https://www.slideshare.net/paulyoungcga/em
ployment-and-labour-market-canada-march-
2021

8. 8
Trade – Canada –
February 2021
February. This was the first time since late 2016 that
the trade balance was in a surplus position for two
consecutive months.
https://www150.statcan.gc.ca/n1/daily-
quotidien/210407/dq210407a-eng.htm
This was led by strong natural resources sector had
$13B surplus as compared to finished goods areas
which has a deficit of $12B.
https://www.slideshare.net/paulyoungcga/merchandise-trade-canada-february-2021

9. 9
Manufacturing – Canada – February 2021
Following the largest increase observed in seven months in January (+3.4%), manufacturing sales fell 1.6%
to $55.4 billion in February on lower sales of transportation equipment. The declines were partially offset by
higher sales in the petroleum and coal product, chemical, and wood product industries.
Source - https://www.slideshare.net/paulyoungcga/manufacturing-canada-analysis-and-commentary

10. 10
Housing – Canada
https://www.blacklocks.ca/no-equity-tax-promise/
@SeanFraserMP no believes you due to your govt failed record on housing!
- cost of materials
- availability of land
- urban vs rural strategy
- cost of living
- Wage growth
https://www.slideshare.net/paulyoungcga/housing-cost-of-home-ownership-canada-and-the-usa-march-2021

11. 11
Cost of Living
@MonaFortier Inflation yr. over yr. for Mar/21 went up 2.2% as compared to 1.1% in Feb/21.
Food, gasoline, housing has led the charge in terms of inflation growth.@JustinTrudeau continues to fail to make things
more affordable!
Cost of living - https://www.slideshare.net/paulyoungcga/cost-of-living-canada-march-2021
Food Prices
https://www.thestar.com/opinion/contributors/2021/04/27/as-predicted-the-cost-of-food-is-set-to-rise-costing-families-about-
700-more-a-
year.html?utm_source=Twitter&utm_medium=SocialMedia&utm_campaign=OpinionContributor&utm_content=foodcostisr
ising&utm_source=twitter&source=torontostar&utm_medium=SocialMedia&utm_campaign=&utm_campaign_id=&utm_c
ontent=

12. 12
Electricity
https://calgary.ctvnews.ca/greenhouse-gas-emission-targets-boost-enthusiasm-for-small-modular-nuclear-
reactors-1.5401581
I would also add that Canada in general generates nearly 84% of its power from clean sources. Canada clean
source power is #2 within G7 and very high rank within the G20 -
https://www.slideshare.net/paulyoungcga/electricity-production-and-distribution-analysis-january-2021

13. 13
Fiscal Monitor – Canada
Government needs to focus on the following:
1. Assessing all programs to ensure they are
efficient and effective through more value for
money audits -
https://www.slideshare.net/paulyoungcga/the-
importance-of-value-for-money-and-
perfomance-based-audits
2. All levels government need to have audited crisis
and emergency management reports for all their
departments, agencies, and GBE (Government
Business Enterprises) -
https://www.slideshare.net/paulyoungcga/why-
there-needs-to-be-audited-reports-of-crisis-
emergency-management-policies-and-
procedures
3. All levels of government need to move to
digital footprint -
https://home.kpmg/xx/en/home/industries/go
vernment-public-sector/the-new-reality-for-
government/digital-is-not-the-future-it-is-
today.html

14. 14
Blog – Internet
https://nationalpost.com/opinion/john-robson-
liberal-plan-to-regulate-youtube-enough-to-make-
you-
choke?utm_term=Autofeed&utm_medium=Social
&utm_source=Twitter#Echobox=1619604653
@s_guilbeault needs to stop pushing his George
Orwell 1984, or Pravda views onto the rest of
Canada. Canada does not need this kind of policing
by the most corrupt and unethical government in
Canadian history!
https://www.slideshare.net/paulyoungcga/governance-
model-canada-federal-government-april-23-2021

15. 15
Blog – FDI – Canada
@cafreeland why the gap between FDI has gone abroad to the FDI coming into Canada widened under your watch?
https://www.slideshare.net/paulyoungcga/foreign-direct-investment-canada-2020

16. 16
Path Forward for Canada
Blog – Path Forward for Canada
Key benefits of the budget
EI reforms for sick leave
OAS changes
Training credits
My issues
Not enough is being done to address either the size of
government or fixing policies that will make Canada more
competitive.
https://www.slideshare.net/paulyoungcga/path-forward-for-
canada-budget-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
• GDP grew in February 2021 but will be challenged due to struggles with the vaccine rollout -
https://www.slideshare.net/paulyoungcga/gdp-canada-industry-february-2021
• Canada needs to focus on resiliency when it comes to supply chain -
https://www.linkedin.com/pulse/blog-supply-chain-canada-york-region-municipalities-paul-
young/?published=t
• Pandemic exposed issues with income supplement programs -
https://www.slideshare.net/paulyoungcga/policy-review-ei-unemployment-insurance
• Pandemic has led to more and more automation - https://www.linkedin.com/pulse/blog-cobots-
lead-future-global-industrial-robotics-market-young/?published=t
• More needs to be done to close the infrastructure gap -
https://www.slideshare.net/paulyoungcga/how-to-fix-the-infrastructure-gap-canada-and-the-world
• 2021 budget did not go far enough to support the Circular
https://www.slideshare.net/paulyoungcga/how-best-to-managed-the-circular-economy or Tax
https://www.slideshare.net/paulyoungcga/corporate-tax-policies-vs-direct-subsidies-and-grants