Blog – How to tame inflation in Canada – March 2023
Inflation targets of 2.1% continues to be the focus by the Government of Canada. The problem is there are many inflationary pressures that will be make getting to 2.1% incredibly challenging. Canada needs to make significant policy changes that will drive innovation, improve productivity, close the skill gaps, streamlining of regulations, building a resilient supply chain, and addressing the fiscal gap by all levels of government.
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@outlook.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
3. AGENDA
• Gasoline Prices
• Gasoline Prices by Ontario Election Mandate
• Commodity Prices
• Ontario Cap and Trade
• Energy Poverty
• Failure of the Green Act
• Circular and Green Economy
• Emissions / Climate Change
• McGuinty and Taxes
• Key Cost Drivers
• LNG
• Natural Resources Sector
• Agricultural Sector
• Competitiveness
• Housing
• Small Business Sector
• Manufacturing
PRESENTATION TITLE 2/11/20XX 3
6. CIRCULAR AND GREEN ECONOMY
PRESENTATION TITLE 2/11/20XX 6
Blog - The Financial Benefits of ESG and Sustainability - Quantifying the Financial Impact -
https://www.linkedin.com/posts/paul-young-055632b_the-financial-benefits-of-esg-and-sustainability-activity-
7034141059911733248-BuhE?utm_source=share&utm_medium=member_desktop
https://www.eisneramper.com/financial-benefits-esg-0223/
This ties nicely into the following:
Close, consolidate, and reporting - https://ibm.box.com/s/ayrascrts6jwrqu0y7etia8a9b1nzv4o
Data Management - https://ibm.box.com/s/9ywac1v9au8txdb5u95ey51qcfsz5jwf
ESG/Sustainability - https://www.youtube.com/watch?v=qyFW4XMEim4
ESG/Sustainability - https://www.ibm.com/products/envizi/scope-1-2-ghg-accounting-reporting or
https://www.ibm.com/products/envizi/scope-3-ghg-accounting-reporting
Risk - https://www.ibm.com/common/ssi/ShowDoc.wss?docURL=/common/ssi/rep_ca/9/899/ENUSLP22-0109/index.html
10. CANADA VS UNITED STATES INFLATION
PRESENTATION TITLE 2/11/20XX 10
11. SUMMARY
PRESENTATION TITLE 2/11/20XX 11
• Canada annual inflation is now running at 4.3%
Blog – How to tame inflation in Canada – March 2023
Inflation targets of 2.1% continues to be the focus by the Government of Canada. The problem is there
are many inflationary pressures that will be make getting to 2.1% incredibly challenging. Canada needs to
make significant policy changes that will drive innovation, improve productivity, close the skill gaps,
streamlining of regulations, building a resilient supply chain, and addressing the fiscal gap by all levels of
government.
Key Sources:
Food Prices - https://ca.style.yahoo.com/metro-says-it-expects-food-price-inflation-to-moderate-it-
books-profit-162044131.html
Farm input costs - https://www.agweb.com/news/crops/wheat/if-you-think-us-fertilizer-prices-are-high-
canadian-farmers-are-stuck-surprising
Energy costs have dropped but mortgage payments have gone up -
https://www.reuters.com/world/americas/canada-annual-inflation-rate-slows-43-march-matching-
forecast-2023-04-18/
Liberals gas tax hikes will have impact on the inflation rate -
https://financialpost.com/news/economy/inflation-cools-march-what-economists-say
Housing affordability - https://www.bnnbloomberg.ca/affordability-issues-in-canada-s-housing-market-
could-impact-consumer-spending-economist-1.1909131
Commodities continue to face both supply and price challenges -
https://www.fastmarkets.com/insights/iai-roadmap-on-sustainability-green-premiums-andrea-hotter or
https://privatebank.barclays.com/insights/2023/april/market-perspectives-april-2023/outlook-for-
commodities-positive--despite-near-term-squalls/
Productivity - https://www.conference-board.org/topics/recession/investing-in-productivity-to-
overcome-the-tight-labor-market or https://www.agilepoint.com/insights/business-process-
management/the-future-of-business-process-management-key-trends-for-cios-in-2023 or
https://www.moneydonut.co.uk/blog/23/04/reduce-costs-and-increase-efficiencies-using-ai-for-digital-
adoption