Feb. 1, 2019

PRESENTATION TO STRATHCONA COUNTY COUNCIL, JANUARY 30, 2019  – BY ANGUS WATT ADVISORY GROUP

  • $40 billion of capital has already been invested in the Alberta Industrial Heartland (AIH) and potentially, an additional $30 billion by 2030.
  • Advantages of the AIH: low cost feedstock; pipeline and rail access; infrastructure; synergies of industries.
  • Challenges for the AIH: access to markets; incentive packages; perception of high cost facilities.
  • Strathcona County Overview: Population of 98,044 urban and 1.4 million metro; average household income $188,347 (50.7% of households earn $125,000+); average age 39.2 (vs 41 for Canada); household size 2.7 (2.6 Alberta and 2.4 Canada); 89.1% own homes (60.9% have mortgages, average payment of $1,601/m; 10.1% rent at an average of $1,550/m)
  • 65% of tax revenue is from businesses and 35% is residential.
  • Leading Industries are: oil and gas extraction, manufacturing, science, construction, trucking and engineering.

UNITED STATES

  • Federal Reserve left interest rates unchanged and signaled they would not increase rates again until wage inflation accelerates.
  • US added 304,000 jobs in January (revised December 90,000 lower); unemployment rate 4% vs 3.9% in December.
  • President Trump is pulling the US out of the 1987 Intermediate Range Nuclear Treaty (completion in 6 months).
  • President Trump says March 1 deadline with China on trade is a hard deadline but talks are going well.
  • US Government is the most corrupt in 7 years, dropping 6 places to 22nd globally in the corruption perception index, attributed, in part, to the dismantling of checks and balances. (published by Transparency International)

MENTAL HEALTH IN THE WORKPLACE (CANADIAN MENTAL HEALTH ASSOCIATION)

  • A mentally healthy workplace enhances performance and lowers costs associated with disability, absenteeism and lack of productivity.
  • Canadians spend more waking hours at work than anywhere else.
  • 44% of workers say they have or have had mental health issues or mental illness.
  • If we include families and caregivers, mental health problems and illnesses impact almost everyone in some way.
  • Work is the most common source of stress in day-to-day life for Canadians.
  • 2/3 of those facing mental health challenges do not access help.
  • Only 23% would talk about their mental illness with their employer.
  • CMHA’s ‘Not Myself Today’ program helps employers work towards the National Standard for Psychological Health and Safety in the workplace. Visit notmyselftoday.ca for more information.