WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
2019 Election| Construction and Business Investment | Canada | June 2019
1. 2019 – Infrastructure and
Capital Investment -
Canada
PAUL YOUNG CPA, CGA
JULY 10, 2019
2. Paul Young - Bio
• CPA, CGA
• Financial Solutions
• SME – Business Process Changes
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
• Academia – Advance Accounting, Public
Finance and Advanced Management
Systems
Contact information:
Paul_Young_CGA@Hotmail.com
3. Agenda
Building Permits – June 2018
Money Flow / Fiscal Management – May 2018
Canada Infrastructure Bank
GDP and Construction
Issues with the Liberal Infrastructure Plans
Transit
Trudeau and the Provinces
FDI – Canada
GDP / Capital Investment
Business Investment
Capital inflow and outflow
VIA Rail and High Speed Rail
Bombardier / Rail
4. Building Permits – June 2019
“Total spending in the Liberal infrastructure program reached
$25.6 billion over the last three years, according to a new report
which suggests signs of progress on a signature government
ambition that has been hampered by an inability to get money
out the door.”Source -
https://nationalpost.com/news/canada/liberal-infrastructure-
program-shows-signs-of-progress-but-frustrations-linger-over-
delays
Source - https://www150.statcan.gc.ca/n1/daily-
quotidien/190610/dq190610a-eng.htm
The value of building permits issued by
Canadian municipalities declined 3.7% to
$8.0 billion in June, largely due to
a decrease in the value of multi-family and
institutional permits. Six provinces
declined, with Alberta accounting for
over one-third of the national decrease. Of
the provinces posting gains, Nova Scotia
reported the largest increase
(+32.1%), reflecting gains in the value of
residential and commercial permits in
Halifax.
5. Fiscal Monitor / May 2019
Source – Fiscal Monitor - https://www.fin.gc.ca/fiscmon-revfin/2019/2019-01-eng.asp
• CCA raised concerns that money
was not flowing - http://www.cca-
acc.com/press-release/ccas-2018-
budget-reaction/
• Transit Funding -
https://www.cbc.ca/news/canada/ot
tawa/mayor-watson-says-nothing-
on-cancelled-gas-tax-1.5095560
• Ontario scrapping the plan hikes to
gas tax -
https://dailyhive.com/toronto/ford-
scraps-gas-tax-increase-2019
6. Liberals vote Pandering
@JustinTrudeau @Bill_Morneau
Why was no gas funds transfer to
the province for the month of April
2019 and May 2019? Where you
waiting to go on a vote pandering
tour?
@PremierScottMoe @RodPhillips01
@emilia_suze @GasPriceWizard
@Swiftie01 @jkenney @BlaineHiggs
@BrianPallister
7. Canada Infrastructure Bank
Source - https://ontarioconstructionreport.com/a-new-sustainable-model/
The federal government is looking at partnerships through the Investing In Canada Lens. In the 2016 Fall Economic Statement and Budget
2017, the government gave its long-term vision for its infrastructure plan and committed to invest an additional $81 billion through to 2027-
2028 in public transit; green infrastructure; social infrastructure; trade and transportation infrastructure; and rural and northern communities;
and introduced the Smart Cities Challenge.
Of that money, $33 billion in funding will be delivered through Integrated Bilateral Agreements between the federal government, and each of
the provinces and territories. And of that $33 billion, $9.2 billion will go towards green infrastructure projects.
• Infrastructure bank and China (infrastructure) - https://globalnews.ca/video/5217703/liberals-defend-250m-investment-in-asian-
infrastructure-bank
• “As for sustainable infrastructure, there was already a Canadian Infrastructure Bank but why stop there? More bureaucratic institutions
needed to be set up. Private capital needed to be “crowded in.” Meanwhile “Cleantech” was a “massive cross cutting opportunity.”
Just forget Germany’s disastrous Energiewende, or Ontario’s Green Energy Act, or a thousand other climate policy snafus. What was
needed were more green banks, more green bonds and more green procurement.” -
https://business.financialpost.com/opinion/peter-foster-mark-carney-and-michael-bloombergs-
sustainable-scheme-to-dismantle-canadas-economy
8. Building Permits / GDP - Construction
Source – Stats Canada - https://www150.statcan.gc.ca/n1/daily-quotidien/190610/dq190610a-eng.htm
The national decrease was largely the result of the value of permits for multi-family dwellings in British
Columbia returning to recent levels, following a significant rise the previous month in response to Metro
Vancouver’s impending increases in development costs introduced in May.
9. List of Infrastructure Bank loans
Montreal Transit - https://www.theglobeandmail.com/business/article-
canada-infrastructure-bank-loaning-128-billion-to-montreal-electric/
Project Review - https://www.on-sitemag.com/infrastructure/canada-
infrastructure-bank-actively-engaged-in-reviewing-10-projects-for-
investment/1003961052/
The institution, which was designed to finance Canadian infrastructure that may otherwise not be built, has
been allotted $35 billion in federal funds over the next decade to help bridge the gap between public and
private infrastructure.
Pierre Lavallée, the CIB’s president and CEO, disclosed the engagement process for the 10 potential projects
in a keynote address at the annual conference of the Canadian Council for Public-Private Partnerships in
Toronto Nov. 6.
“We’ve jumped into our investment mandate with both feet,” he said, adding that the bank has also held
discussions on 45 other projects, some of which may also move onto the active engagement phase in the
future.
Pierre Lavallee – Site Mag – November 6, 2018
10. Annual Report / Infrastructure Bank
Source - https://cib-bic.ca/wp-content/uploads/2018/10/CIB_2017-18_AR_English.pdf
11. 2015 Election Platform / Infrastructure
Source - https://www.theglobeandmail.com/news/politics/the-decisions-behind-the-scenes-of-the-liberals-infrastructure-
plan/article26375251/ or https://thetyee.ca/Opinion/2017/02/14/Broken-Liberal-Promises/ or
https://torontosun.com/opinion/columnists/gunter-numbers-are-in-and-trudeaus-infrastructure-plan-is-largely-useless
13. Stats Canada
Large Urban Transit – Ridership (Express in
millions) • Transit Ridership was growing each
year since 2015
• All groups of people are benefiting
from the transit cut
*** Transit is heavily subsidized by Government
14. Trudeau and the Provinces
Source - https://nationalpost.com/pmn/news-pmn/canada-news-pmn/provinces-not-co-
operating-to-get-infrastructure-projects-underway-trudeau
17. Business Investment
Source – Fraser Institute - https://www.fraserinstitute.org/studies/capital-investment-in-canada-recent-behaviour-and-implications
19. FDI – 2017
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/180425/dq180425a-eng.pdf
The growth in the value of foreign direct investment in Canada in 2017 was concentrated in the wholesale trade industry, up 8.6% to
$74.7 billion, followed by an 8.0% increase in the finance and insurance industry to $137.0 billion. The stock of investment in oil and gas
extraction dropped 7.4% to $ 162.2 billion, as direct investors from abroad sold some of their assets back to Canadian investors.
Manufacturing declined 0.3%, mainly on a 15.8% reduction in the petroleum and coal products manufacturing industry. Despite
the decrease, manufacturing remained the top industry for foreign direct investment in Canada, with a 21.4% share at the end
of 2017.
Although it remains the largest industry for foreign direct investment in Canada, foreign investment in the manufacturing industry has not
kept pace with overall investment trends over the past decade, with that industry's share down significantly from the 32.7% share it held
in 2008. During the same period, the shares of management of companies and enterprises, finance and insurance and mining and oil and
gas extraction have all increased. In the case of the management of companies and enterprises industry, some of these companies may
also have activities that are tied to other industries such as manufacturing and mining and oil and gas extraction.
20. VIA Rail and High Speed Rail
https://toronto.citynews.ca/2019/06/07/documents-show-federal-push-for-infrastructure-bank-to-back-via-project/
The rail company wants to build a multibillion-dollar new network of dedicated passenger-rail lines in Ontario and Quebec, so its trains
would no longer have to yield to freight trains on borrowed tracks
Facts:
VIA rail already gets a sizable grant from the government - https://media.viarail.ca/en/publications (2017 In 2017 the total grants
(operational and capital funding) were approximately $354M
High speed rail has to be viable - https://www.cbc.ca/news/canada/london/high-speed-rail-1.4915058 - There are other options to fund rail
High speed works in Asia to how the population is distributed – http://www.globaltimes.cn/content/1149608.shtml
High speed rail has been a failure in EU - https://www.ft.com/content/e77dc48e-7894-11e8-8e67-1e1a0846c475 or
https://www.euractiv.com/section/railways/news/eus-high-speed-rail-plan-is-ineffective-unrealistic-say-auditors/
There are financing issues - https://asia.nikkei.com/Business/Business-trends/Catalyst-or-catastrophe-Lessons-from-Asia-s-high-speed-rail-
failures
Summary
The liberals never seem to do proper business cases as such throw money at winning votes and not whether a project is either profitable or
viable without direct government subsidies.
21. FDI - Blog
The reality is your post does not look at all issues with FDI. You cannot post an article unless you are willing to
discuss the details!
Balance of payments have not improve under Trudeau - https://www150.statcan.gc.ca/n1/daily-
quotidien/190228/dq190228a-eng.htm. (Balance of payment show inflow and outflow of capital
Despite the changes to tax rate for M&E there has been no boom for capital investment -
https://www.slideshare.net/paulyoungcga/capital-spending-and-tax-policy-canada
Oil and Gas sector are key area as 1/3 of exports are oil gas. The new C69 will do nothing in terms of getting NR
projects off the ground - https://www.slideshare.net/paulyoungcga/gdp-canada-february-2019
FDI needs to review to exactly where the investments are being made. You cannot just throw up a link without
the context - https://www.fraserinstitute.org/article/look-how-much-foreign-investment-has-fled-canada or
https://www150.statcan.gc.ca/n1/daily-quotidien/180425/dq180425a-eng.htm or
https://www.slideshare.net/paulyoungcga/2019-election-fdi-foreign-direct-investment-canada (Wholesale,
Insurance and Finance, but not goods producing sector
Despite all the clean technology investment there has been flee of investment -
https://business.financialpost.com/commodities/energy/lack-of-canadian-tax-competitiveness-discourages-
even-renewable-energy
Trudeau’s policies have led to huge issues with business competitiveness -
https://www.slideshare.net/paulyoungcga/business-competitivesness-canada-march-2019
Trudeau’s small business tax reforms have hinder startups - https://www.slideshare.net/paulyoungcga/2019-
election-issues-technology-sector-canada-april-2019
Trudeau’s incoherent oil pipelines have cost the GDP billions - https://www.slideshare.net/paulyoungcga/why-is-
it-hard-to-approve-pipelines-canada-april-2019
Trudeau GDP growth will be 1.2% for 2019 which is far cry from the 3.0% in 2017. Trudeau’s policies are failing to
support economic growth - https://www.slideshare.net/paulyoungcga/gdp-canada-february-2019
Trudeau said Canada should be known for its resourcefulness and not its’ NR. NR accounts for nearly 11% of GDP
- https://www.slideshare.net/paulyoungcga/natural-resources-sector-policy-analysis-canada-january-2019
Other sources - https://www.slideshare.net/paulyoungcga/2019-election-fdi-foreign-direct-investment-canada
22. Bombardier /
Rail
https://www.cbc.ca/news/canada/thunder-
bay/bombardier-layoffs-thunder-bay-
1.5206009?fbclid=IwAR2FadkWqKg8pjdwP1F
QDUFTYNPbO0T7vN4edk2zVGO7KQTfexD8B5
bOHxM
Trudeau came to power as such said he would
focus on infrastructure. So, why are transit
system construction so slow? Oops, Trudeau
hates Ford, right?
https://www.therecord.com/news-
story/9288078-trudeau-says-ford-is-
slamming-the-brakes-on-transit-projects/
Trudeau is great at deflecting his failure,
because he owns the media. The reality is so
call big dig for Trudeau never happen!
https://www.slideshare.net/paulyoungcga/ele
ction-transit-canada-april-2019 or
https://www.slideshare.net/paulyoungcga/201
9-election-construction-and-business-
investment-canada-may-2019
23. What’s next
Liberals need to get the money out the door. There has been delays -
http://cutaactu.ca/en/news-media/latest-news/liberals-infrastructure-program-problems-
detailed-internal-documents
Liberals are not getting pension fund takers for transit, roads and bridges -
https://www.thestar.com/news/canada/2018/06/01/quebec-pension-fund-seeks-higher-
returns-by-taking-on-transit-project.html
Liberals are doing little get goods out of the ground and to market. C69 needs to be killed
Canada needs to be more competitive with all its policies, i.e. taxation, regulatory
environment, etc. https://www.slideshare.net/paulyoungcga/business-competitivesness-
canada-march-2019
The next government needs to streamline the process to get infrastructure dollars out the
door.