Conference Board of Canada
Conference Board of Canada confidence index falls to lowest level in six quarters.
Ability to expand export markets beyond North America key to competitiveness.
Business groups on both sides of the political spectrum say the “proportionality clause” is outdated and gives the US too much control over Canadian energy production.
Canada leads in cleantech academic research, but has struggled with turning that research into market-ready technologies.
Organizations are placing too much emphasis on long-service recognition.
Association estimates just 40,000 of Canada’s one million SMEs are exporters.
The value of Canadian exports to China has grown at a double-digit pace from 2006 to 2015.
Ramp-up in reconstruction is expected to create about 9,000 jobs next year.
Lowest increases (1.1%) going to oil and gas workers in Alberta.
Long term expansion is expected, but developing opportunities will require investment.
Rising demand from developing countries is boosting the industry’s exports.
Forecast suggests oil extraction sector will be hit by a $10 billion loss this year.
Economic growth is expected to average 1.8% in the three territories between 2016 and 2020.
Oil price recovery, stock market gains, and growing consumer confidence fuelling economic momentum.
Conference Board forecasts sector profits will surpass $2.13 billion in 2020.