This webinar will answer the following questions:
- Which Canadian industries will see a boost to demand as a result of a U.S. economic rebound and lower-valued Canadian dollar?
- Which Canadian industries have the capacity to increase production to seize these opportunities?
- Which Canadian industries have the third dimension —competitiveness—needed for success?
We answer these questions using a benchmarking methodology with eight indicators for 38 Canadian industries. Five Canadian industries that are most poised for success in the next trade era include:
- Transportation and Government Services
- Other Commercial Services (eg. wholesale trade and administration)
- Computer and Information Services
- Food Manufacturing
- Finance and Insurance Services
Six industries are identified as having strong demand and are globally competitive, but lack capacity. These six manufacturing industries that could strongly consider expanding their capacity include:
- Wood Product Manufacturing
- Pharmaceutical and Medicine Manufacturing
- Aerospace Product and Parts Manufacturing
- Other Transportation Manufacturing (eg. rail and shipbuilding)
- Clothing Manufacturing
- Motor Vehicle Parts Manufacturing
There is good news for five industries that will face weak demand in the U.S. but have strong capacity. These industries are among the few who can expect strong demand globally, opening up or strengthening opportunities abroad:
- Crop Production
- Miscellaneous Manufacturing
- Travel Services
- Artificial and Synthetic Fibres and Filaments Manufacturing
- Other Chemical Manufacturing
Jacqueline Palladini is a Senior Economist and contributes to research on global trade and investment as part of the Global Commerce Centre. She specializes in analyzing global trends and their impacts on Canadian businesses, industries, and regional economies. She has experience developing forecasting models and conducting custom research, including economic impact analyses.
Jacqueline joined the Conference Board in 2007 on the provincial forecasting team responsible for Ontario, British Columbia and the territories, as well as the performance of the mining and motor vehicles & parts manufacturing industries. She holds a M.A. in economics with a specialization in social statistics from McGill University and a B.Sc. with distinction from the University of Victoria.