metal fabrication – canada – february 2017
TRANSCRIPT
Paul Young CPA, CGAMarch 22, 2017
Metal Fabrication – Canada – February 2017
September 9, 2014
• Paul Young, CPA, CGA• SME – Financial Performance Management Solutions (TM1, Cognos Controller
and Cognos Disclosure Management, OpenPages, Algorithmics, Cognos Integrated Server, Cognos Command Center and Datawatch)
• SME – Business Processes and Financial Management Reporting• Close, Consolidate and Reporting• Internal Audit and Controls
• Industry Experience• 15+ years in Corporate Reporting, Budget & Forecasting, Costing, Business
Process Management, Internal Audit and Controls, Risk Management, Financial Analysis, Costing
• 11+ years in financial solutions (FOPM, FPM, Risk, Office of the Finance, Risk Management)
• 8+ years teaching Advance Finance, Advance Accounting, Public Finance and Advance Management Information Systems
• Blogger in areas like finance analysis and reporting, Government policies and economic/market trends.
• Commodity Price
• AG Equipment
• Oil Rigs/Oil Price
• Power Generation
• Metal Processing Centers
• Automotive Production
• Steel Production
Agenda
Commodity Price (year over year change in price)
Source – BMO Economics
Source – BMO Economics
Average Price / Commodity
AG Equipment / February 2017
Source – Association of Equipment Manufacturers
Source – BMO and Baker Hughes
Oil Rigs / Oil Price
• Source - http://www.iea.org/media/statistics/surveys/electricity/mes.pdf
Power Generation / Canada
• Source – American Machinist – March 20, 2017
Metal Processing Sales
• Scotiabank
Automotive Production
Source – World Steel
Steel Production
• Canada• New Carbon Taxation (Ontario and Alberta)• Slow process to approve projects• Low commodity prices
• USA Trade Policies• More focus on creating jobs within USA
• Import Tax
• Automation• More and more investment in automation
• Robotics• 3-D Printing
• Automotive production• After banner years is expected to claw back in 2017
• New pipeline and oil rigs• USA has approved Keystone Pipeline• USA plans open up more land leases to oil exploration
• Infrastructure spending• Federal Government in Canada and USA plan to spend more money on infrastructure
• Local steel requirement
Summary