Douglas Porter
and the rest of
满地可银行
do amazing job on their economic analysis including inflation.
Source - Trading Economics
Inflation as discuss by BMO earlier has stuck at 3.1%, or about 1.0% above the target rate of 2.1%. The target rate of inflation will be a challenge due to many factors including geopolitical risks with the supply chain, the rise of the carbon tax, low productivity, skills gap, lack of innovation, high government deficit spending, and the cost of the green transition (capital and operational spending)
What can be done to address the high inflation cost?
- Farmers continue to struggle with high input costs along with adopting technology is put pressure on farmers cash and margins - https://www.fwi.co.uk/business/2023-extreme-weather-and-high-input-costs-take-toll-on-farming or regenerative farming continues to be focus by
AGCO Corporation
or
McCain Foods
or
AGRIVI
or
Smart Apply?, Inc.
or
通用磨坊
or
嘉吉
or others
- Partisan politics continues to be focus on food prices by
Jagmeet Singh
Alistair MacGregor
Fran?ois-Philippe Champagne
and others - https://www.bnnbloomberg.ca/inflation-grocery-prices-up-4-7-in-november-1.2013554 or https://financialpost.com/news/retail-marketing/empire-profit-falls-despite-grocery-gains
Sobeys
- Productivity is big concern for Canada - https://macdonaldlaurier.ca/unpacking-canadas-productivity-challenge-aaron-wudrick-and-callum-macleod-for-inside-policy/ Great work by
Aaron Wudrick
- Canada needs a complete review of their innovation programs and policies - https://itif.org/publications/2023/12/18/canadas-innovation-gap-a-warning-sign-for-economic-prosperity-and-national-security/
Irek Kusmierczyk, MP
touts one off investments as being success when they are not when it comes to addressing the overall innovation gap. I have stated numerous times over the years that there needs to be a pivot on innovation including how all colleges and universities should be incubation centres.
Ryan Turnbull
has ignored the reports on the failures of incubation centres in terms of job creation and new business investment - https://itif.org/publications/2023/12/18/canadas-innovation-gap-a-warning-sign-for-economic-prosperity-and-national-security/
- Addressing the skills gap is still a challenge for Canada. https://www.investmentmonitor.ai/sponsored/plugging-the-skills-gap-canada-is-innovating-in-cyber-education/
- Canada needs to get its fiscal house in order. Canada is a projected $35B budget deficit with no path to balance. https://www.fraserinstitute.org/article/spending-sprees-by-governments-across-canada-help-fuel-inflation-and-high-interest-rates
Pierre Poilievre
- Housing still remains out of reach for many Canadians - https://financialpost.com/news/housing-market-canada-five-things-2024 or https://www.kawartha411.ca/2023/12/18/housing-affordability-now-a-top-priority-for-over-half-of-ontarians/. The problem is liberals like
Sean Fraser
and his colleagues like
Irek Kusmierczyk, MP
or
Ryan Turnbull
or
Karina Gould
think throwing money at the symptoms will address all aspects of housing. Collaboration between all levels of government and the private sector to streamline the building permit process, changes to building code (3D Printing, Green Materials, Modular, Grid, and Infrastructure, biodiversity, etc.) https://www.dhirubhai.net/pulse/four-challenges-modular-construction-paul-young-smw0e/
- The green transition needs to be tied to viable technology, or there is risks that inflation will remain high and the technology not being effective in terms of climate change objectives. https://ca.news.yahoo.com/cost-inaction-far-exceeds-cost-103647009.html . I have often discuss the need for all levels of government to pivot on their green transition. Automotive is good example of policies that are not effective with transition to greener fuels. https://www.dhirubhai.net/posts/paul-young-055632b_ev-inventories-hit-record-high-in-us-as-cars-activity-7142137988532084736-6V8u?utm_source=share&utm_medium=member_desktop
Steven Guilbeault
has since he took the environment file dictated policies without viable technology to help with the green transition. Guilbeault approach has create division within Canada with Premiers like
Scott Moe
or
Danielle Smith
https://www.dhirubhai.net/pulse/oil-gas-sector-analysis-november-2023-paul-young-kenwc/
- Near-shoring of the supply chain can go along way to address emissions as well as provide better control over the supply chain. The key is to have the right policies that encourage re-shoring of jobs and investment.
Ryan Turnbull
loves to tout a few large EV battery as a success when in fact Canada is trailing both the USA and Mexico on re-shoring jobs from China and other areas - https://www.reuters.com/world/americas/mexican-businesses-warmed-by-glow-nearshoring-dawn-2023-11-06/
- Addressing the green transition to the power grid needs to be tied to viable technology as well as better integration to ensure efficiency generation and transmission of power. Blog –? ESG – Facilities Management – JLL and Micro Grids - https://www.dhirubhai.net/posts/paul-young-055632b_microgrids-can-drive-resiliency-efficiency-activity-7142589448990470146-NVrM?utm_source=share&utm_medium=member_desktopBlog – Power Generation Analysis and Commentary – November 2023 – Grid – Electricity – Utility Sector - https://www.dhirubhai.net/pulse/utility-power-generation-sector-november-2023-paul-young-kcuxc/
Senior Data and AI Thought Leader - Financial Planning, Analysis, and Reporting
Paul Young is a former IBM Customer Success Manager that has deployed over 300 data and AI solutions across geographies and industries for the past 8 years. Paul is also Financial Planning, Analysis and Reporting SME on how best to work with data as part of driving better business outcomes.
#transportation #class1 #class2 #class3 #class4 #Class5 #class6 #class7 #class8 #ESG #Scope1 #Scope2 #Logistics #ports #freight #margins #inventories #debt #cashflow #consumerspending #retailsales #retailsector