Blog – GDP – Canada – September 2021 Real gross domestic product (GDP) edged up 0.1% in September, as declines largely concentrated in manufacturing, construction and retail trade were more than offset by broad-based expansions in services-producing industries as well as in mining, quarrying and oil and gas extraction. Preliminary information indicates that real GDP rebounded in October, up 0.8% with increases in most sectors. Manufacturing led the growth after contracting in September due in part to the effects of the semiconductor shortage. Other notable increases were in public sector, construction, finance and insurance, and transportation and warehousing. Because of its preliminary nature, this estimate will be revised on December 23, with the release of the official GDP data for the October reference month. Overall, 12 of 20 industrial sectors were up in September, with growth in services-producing industries (+0.4%) more than offsetting a decline in goods-producing industries (-0.6%). The continued global shortage of semiconductors and other supply chain disruptions markedly affected manufacturing and sales activity at a number of automotive-related industries across different industrial sectors in September. Source - https://www150.statcan.gc.ca/n1/daily-quotidien/211130/dq211130b-eng.htm

1. GDP ANALYSIS AND
COMMENTARY – CANADA –
SEPTEMBER 2021
Paul Young CPA CGA
November 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 – 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 email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos

3. AGENDA
• GDP Forecast
• G7 GDP
• Employment Growth vs GDP Growth
• GDP by Industry
• GDP per capita
• Blog / Slow Growth
• Blog / Circular Economy
• Stock Market / March 26, 2021
• Summary
• Education/Skills Development

4. GDP
FORECAST
Source – Scotiabank and
Government of Canada

5. G7 GDP GROWTH

6. G D P B Y
I N D U S T R Y

7. GDP BY
INDUSTRY

8. PER CAPITA INCOME / CANADA

9. BLOG – SLOW GROWTH
• Canada’s economy went from 3% in 2017 to 1.9% in 2019. The USA economy grew at 2.2% in 2019.
• Canada took $1B surplus YTD Nov/15 and turned that into 15B+ deficit for growth on average of 2.0%. The CPC
were averaging 2.3% growth post-2009 recession.
• Goods-service sector lags the service sector in terms of job growth
• All levels of government have not prioritized the supply chain including making key products strategic to the
health of the economy - https://www.slideshare.net/paulyoungcga/how-to-reshore-supply-chain-management
Here is my previous work on the economy:
• 2016 https://www.slideshare.net/paulyoungcga/2016-november-2016-gdp-gross-domestic-product-canada
• 2018 https://www.slideshare.net/paulyoungcga/gdp-canada-the-real-truth
• Oct/19 - https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp
• Dec/20 https://www.slideshare.net/paulyoungcga/scorecard-and-gdp-canada-december-2020-and-november-2020
• Pandemic
• https://www.slideshare.net/paulyoungcga/how-best-to-managed-a-pandemic-february-14-2021

10. CIRCULAR ECONOMY AND THE
ENVIRONMENT
Here is a brief look at the circular economy. Data, AI, security, and platform can play a key role in
supporting the low-carbon economy. https://www.slideshare.net/paulyoungcga/how-to-maximized-
the-circular-economy-249424158

11. STOCK MARKET – NOVEMBER 26, 2021
Blog – Stock Market – WE – November 26, 2021 - https://www.slideshare.net/paulyoungcga/what-is-up-with-stock-marklet-
november-26-2021
U.S. stocks plunged on Friday, with global markets rattled by a new coronavirus variant discovered in South Africa, which
fanned concerns that new growth-crushing lockdowns could be imposed if the variant spreads widely.
Source - https://ca.finance.yahoo.com/news/stock-market-news-live-updates-november-26-2021-125443465.html

12. SUMMARY
• Canada still has no budget including a fiscal anchor - https://www.slideshare.net/paulyoungcga/fiscal-
management-cycle-analysis-and-commentary-canada
• High debt levels are putting the economy at risk not just in Canada but around the world -
https://www.slideshare.net/paulyoungcga/debt-issues-global-debt-crisis-analysis-and-commentary-
243199347
• There are about 1.5M unemployed Canadians in sector that pay less than the average wage -
https://www.slideshare.net/paulyoungcga/wages-and-employment-canada-january-2021. Moving these
employees into the next generation of jobs will be very costly in terms of training -
https://www.slideshare.net/paulyoungcga/human-capital-management-skills-development-analysis-and-commentary-
february-2021 or https://www.slideshare.net/paulyoungcga/wages-and-employment-canada-february-2021

13. 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