Here is my latest work on Canada

1. CANADA
SCORECARD –
DECEMBER
2020 AND
NOVEMBER
2020
Paul Young CPA CGA
January 29, 2021

2. AGENDA
• Stock Market
• Commodity Index
• Employment – Canada – (Stats Canada)
• CPI / Inflation
• GDP – Canada (Stats Canada)
• Wages Analysis
• Electricity
• Oil and Gas Sector
• Forestry Sector
• Manufacturing
• Metal Fabrication
• Agriculture Sector
• Real Estate and Housing
• Retail Sales
• eCommerce
• Key Metric #1
• Key Metric #2
• Key Metric #3
• Federal Government (Fiscal Monitor)
• Summary

3. STOCK MARKET – JANUARY 22, 2021

4. COMMODITY INDEX
Source – Scotia Bank - https://www.scotiabank.com/ca/en/about/economics/economics-
publications/post.other-publications.commodities.scotiabank-commodity-price-index.january-28--2021.html

5. EMPLOYMENT ANALYSIS – CANADA
Here is my latest report on job quality - https://www2.slideshare.net/paulyoungcga/job-quality-canada-december-
2020
I have been calling out job quality for years - https://www2.slideshare.net/paulyoungcga/job-quality-canada-2015-
analyis-and-commentary

6. CPI/INFLATION
Food Prices going up -
https://www.foodnetwork.ca/fun-with-
food/photos/save-money-grocery-bill/#!make-a-
list
Consumers looking at wood stoves -
https://www.cbc.ca/archives/wood-stoves-2001-
1.5878076
Carbon tax / AG -
https://www.producer.com/news/carbon-tax-cost-
could-soar-to-12-52-per-acre/
Electrical heat -
https://www.ecohome.net/guides/3519/heating-
with-electricity-best-choice-for-net-zero-energy-
eco-homes/

7. GDP ANALYSIS
Source – Stats Canada

8. GDP ANALYSIS
Source – Stats Canada

9. WAGES
My work on wages and employment - https://www.slideshare.net/paulyoungcga/wages-and-employment-canada-
december-2020

10. ELECTRICITY
Blog – Electricity – Analysis – October 2020
Energy poverty - https://www.borgenmagazine.com/5-facts-about-energy-poverty-in-europe/
Wind and Solar Power Issues - https://wattsupwiththat.com/2020/12/28/wind-and-solar-are-losing-ground-to-gas/
Exports - http://www.worldstopexports.com/electricity-exports-country/
Here is my work on electricity - https://www2.slideshare.net/paulyoungcga/electricity-production-and-distribution-analysis-october-2020

11. OIL SECTOR
Here is my analysis https://www2.slideshare.net/paulyoungcga/oil-and-gas-sector-analysis-and-
commentary-december-2020-241779268

12. FORESTRY SECTOR
Here is my latest work - https://www2.slideshare.net/paulyoungcga/natural-resources-what-
is-next-for-canada-january-2021

13. METAL FABRICATION
Metal fabrication sector leads the way as ISM’s latest PMI reaches a surprisingly robust 60.7% -
https://www.thefabricator.com/thefabricator/blog/shopmanagement/manufacturing-industry-enters-2021-on-a-strong-note
China steel output - https://www.mining.com/iron-ore-price-at-new-near-decade-high/
Scrap steel - https://www.recyclingtoday.com/article/january-2021-steel-scrap-recycling-rising-prices/
3D / Metals - https://www.aniwaa.com/buyers-guide/3d-printers/best-metal-3d-printer/
- China has increase steel output.
- USA and Canada seen a decline in steel production for 2021.
- Threats of imports - https://www.reuters.com/article/us-usa-trade-steel-idUSKBN29G2N1
https://www2.slideshare.net/paulyoungcga/steel-sector-canada-and-the-world-december-2020

14. MANUFACTURING
Manufacturing sales decreased for the first time in three months, declining 0.6% to $53.7 billion in November. Sales
were down in 5 of 21 industries, driven mainly by the aerospace product and parts, motor vehicle, and motor
vehicle parts industries.
Source – Stats Canada - https://www150.statcan.gc.ca/n1/daily-quotidien/210119/dq210119b-eng.htm
Here is my latest look at manufacturing - https://www2.slideshare.net/paulyoungcga/manufacturing-
sector-canada-and-the-usa-november-2020

15. AGRICULTURE SECTOR
Source – Scotiabank Economics
• Realized net farm income rises in 2019, as gains in
receipts outpace increases in expenses (Stats Canada)
• Fuel standard taxes as well as potential hikes to carbon
tax -
https://torontosun.com/opinion/editorials/editorial-
liberals-mum-on-hiking-carbon-taxes
• Farmers pass any additional costs on to consumers -
https://www.toronto.com/news-story/10269314-food-
prices-push-inflation-rate-up-0-7-in-october/
• My work
https://www2.slideshare.net/paulyoungcga/what-is-
next-for-agriculture-and-farming-sector-in-canada

16. REAL ESTATE AND HOUSING
Lumber boom and housing costs - https://ontarioconstructionnews.com/lumber-boom-pushing-construction-prices-higher-in-2021-2/
Impact of Carbon taxes - https://www.fraserinstitute.org/article/new-trudeau-carbon-tax-plan-smashes-original-ceiling-and-original-
promises
Affordability - https://www.nar.realtor/blogs/economists-outlook/housing-affordability-declines-in-november-2020-as-incomes-crawl-
and-home-prices-jump
Growth of Modular construction - https://www.thecowboychannel.com/story/43191498/modular-construction-market-to-reflect-
tremendous-growth-potential-with-a-cagr-of-65-by-2025-grand-view-research-inc
Consumer confidence - https://conference-board.org/data/bcicountry.cfm?cid=15
Avg. detached house across Canada now costs $607K up from 450K in Oct/20.

17. WAGES VS HOUSING PRICES
Here is my work -
https://www2.slideshare.net/paulyoungcga/cost-of-living-canada-december-2020

18. RETAIL SALES
Retail sales are up 1.3% month over month - https://www.forexlive.com/news/!/canada-november-retail-sales-mm-vs-00-expected-
20210122
2020 will be remember as those companies that had online footprint where able to weather the storm better than companies with little or
no online footprint - https://www.retail-insider.com/articles/2021/01/what-happened-to-the-retail-sector-in-canada-in-2020/
Solvency issues - https://www.retailcouncil.org/coronavirus/the-impact-of-the-pandemic-on-the-solvency-of-corporations-statcan-covid-
19/

19. ECOMMERCE / CANADA
1. Delivery becomes the new normal - Delivery services have become all the rage. The likes of Uber Eats, GrubHub and Instacart have fundamentally changed
the way people get restaurant food or receive grocery store deliveries
2. Alternative business models ring up gains - Once upon a time, retailers sold products to customers. But digital technology is driving fundamental changes to
the old-fashioned transactional model and making consumers more comfortable with paying for value over time. A growing array of brands are making
products available on a subscription basis. Some retailers are exploring ways to use things like smart speakers and IoT to replenish items automatically.
3. Fulfillment hubs eclipse storefronts - Shifts in consumer behavior will have repercussions in 2021. As leased storefronts in malls underperform due to a lack of
foot traffic, retailers are looking to convert them into fulfillment hubs. There’s remarkable synergy in using these spaces for ecommerce—in some cases,
transforming them into mini-distribution centers—particularly when paired with last-mile delivery services. Amazon has already begun to eye this model to
expand its footprint and same-day delivery network further. It has reportedly engaged in talks with mall operators to take over empty space as retailers like
Sears and J.C. Penney vacate
4. New store designs appear - Despite a massive shift to ecommerce, physical stores are not going away anytime soon. They are just going through a
corresponding transformation. Several prominent retailers focus on blending online and in-store shopping, emphasizing creating a more engaging and socially
distanced shopping experience. For instance, Walmart recently grabbed headlines when it announced that it would overhaul 200 of its supercenters into
airport-inspired stores, complete with more prominent signage, contactless checkout, and other innovations.
5. Online gets personal - Video calls have already gone mainstream in the business world. People see each other, share screens and exchange information.
Retailers are also beginning to recognize the value of video chat as a consultation and sales tool. Whether a consumer is buying a car, furniture, or upscale
clothing, why not offer an option of connecting to a sales associate or product expert whenever it is convenient? This can be after work, on the weekend,
even late at night.
1. Source - https://www.digitalcommerce360.com/2020/11/05/5-predictions-how-things-will-change-for-retailers-in-2021/
1. Here is my work on eCommerce - https://www2.slideshare.net/paulyoungcga/ecommerce-what-is-next

20. KPI #1

21. KPI #2

22. KPI #3

23. FISCAL MONITOR
Source - https://www.canada.ca/en/department-finance/services/publications/fiscal-
monitor.html

24. SUMMARY
• The global economy continues to face pressures - https://www2.slideshare.net/paulyoungcga/what-is-next-
for-the-global-economy-november-2020
• Size and the cost of government - https://www2.slideshare.net/paulyoungcga/reforming-the-public-sector-
federal-provincial-and-local-government-november-2020
• Education and Skills Development - https://www2.slideshare.net/paulyoungcga/skill-trades-and-
apprenticeship-canada-analysis
• Ongoing issues with geopolitical events like COVID19 - https://www2.slideshare.net/paulyoungcga/new-
normal-for-canada-and-the-world or https://www2.slideshare.net/paulyoungcga/the-importance-of-
understanding-geopolitics
• Threat of the great reset
• Circular Economy - https://www.slideshare.net/paulyoungcga/how-to-best-support-a-circular-economy
• Waste - https://greenerideal.com/news/energy/waste-to-energy-technologies/
• Emissions - https://www2.slideshare.net/paulyoungcga/global-emissions-and-climate-change-canada-and-the-world
• Agenda 2030 https://www2.slideshare.net/paulyoungcga/agenda-2030-canada-economic-reset

25. 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