how did canada performed in 2016
TRANSCRIPT
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
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.
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
Housing Market – Canada
Source: CMHC, BMO, Scotiabank and National Bank of Canada
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
Oil Market – Canada
Source – BMO, JW Energy and Baker Hughes
2017 Capital Investment
Automotive Sales / Canada
Source - http://www.desrosiers.ca/pdfs/autowatch.pdf
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.
Trade (Exports and Imports) – Canada
• Stats Canada
Retail Sales / Canada
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