How did Canada performed in 2016

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How did Canada performed in 2016

Transcript of How did Canada performed in 2016

Page 1: How did Canada performed in 2016

How did Canada performed in 2016

Page 2: How did Canada performed in 2016

Agenda

• Summary• GDP / 2017 Outlook • Housing Market – 2016• Labor Market - 2016 • Oil Market / Canada• Steel Production/Canada • Trade – Exports and Imports – Canada• Retail Sales • Fiscal Management

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Summary• 2016 Employment/Labor market seen 216,000 new jobs. Bulk of all

new jobs were part-time• Wage growth for 2016 is predicted to be less than 1%. Wages are not

keeping pace with inflation and/or housing prices• New rules for housing market may impact people entering the real

estate market• Retail sales which drives 2/3 of the economy maybe impacted by

carbon taxation/price for carbon in provinces like Alberta and Ontario• New USA government is moving forward with new trade and tax

policies. • Many governments in Canada including the federal are struggling with

deficits.

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Canada Economic Forecast 2017

• Source – RBC

Risk Factors • Impact new USA government trade and taxation policies• Slow world growth• Impact of carbon taxation/price for carbon

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Housing Market – Canada

Source: CMHC, BMO, Scotiabank and National Bank of Canada

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Labor Market – Canada

• Source – Stats Canada

Comment:• 71% of jobs created

are part-time• Wage growth is not

keeping pace with inflation

• Goods producing sector lost jobs in 2016

• Economy is driving service and government jobs

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Oil Market – Canada

Source – BMO, JW Energy and Baker Hughes

2017 Capital Investment

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Automotive Sales / Canada

Source - http://www.desrosiers.ca/pdfs/autowatch.pdf

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Steel Production / Canada

• Source – World Steel Institute

Article and letters did not mentioned the following:• Hydro Rates• Carbon Taxation • Canada content rules for infrastructure spending • Training and skills development.

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Trade (Exports and Imports) – Canada

• Stats Canada

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Retail Sales / Canada

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Fiscal Management – Canada

• Source – Government of Canada and CBC

Commentary:• There is slow world

Growth• Government has bee

slow with infrastructure funding

• Carbon Tax/Price for Carbon could impact consumer spending

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Other information

• Contact email: [email protected]