Printer icon Print Page

Top Story

Inuit mother and child

Social Outcomes in the Territories

The territories generally fall behind the Canadian average on several measures of equity and social cohesion, yet outperform the rest of the country in other areas. In our new How Canada Performs: Social Outcomes in the Territories report, the territories score below average on indicators such as poverty, crime rates, and income distribution, but perform relatively well on life satisfaction. The territories’ geographic isolation, low educational attainment, differences in the availability of social services, and infrastructure gaps help explain their lower social outcomes. To improve these, efforts must be made to improve educational attainment and access to health care, including mental health services, as well as investing in poverty reduction strategies.

Features

Wind turbine and solar panels  

Climate-Friendly Technologies

Despite U.S. President Trump rolling back climate-friendly policies, the world is moving toward a cleaner, low-carbon economy, and this represents a huge opportunity for Canadian companies. Canada has a competitive edge in a few key climate-friendly technologies, including wind and solar power, energy efficient turbines, and waste management. However, global trade in climate-friendly technologies has been outpacing Canadian exports for some time, leading to a declining global market share. Canada leads the way on cleantech research undertaken by academic institutions, but it has not been competitive in commercializing that research into market-ready technologies.

 
Pile of three tires  

Canada’s Motor Vehicle Manufacturing Industry

Canadian automakers have benefited from a surge in demand for new vehicles among American consumers, which has propelled new vehicle sales south of the border to record levels for the last two years. However, the current uncertainty in North American trade relations poses a risk to automakers’ investment and production on Canadian soil. Additionally, the potential imposition of a border adjustment tax could tap the brakes on the Canadian auto industry by taking a sizable bite out of exports and production.

 
Pile of Canadian hundred dollar bills curling up to the right  

Canadian Economy Shifts Into High Gear

The Canadian economy got off to a great start in 2017, thanks to strong household consumption and a pickup in machinery and equipment investment. While household spending is the main driver of this year’s strong performance, elevated debt levels, slowing job growth, and easing house prices will take some of the steam out of consumer spending in the second half of this year. In all, real GDP is expected to increase by a solid 2.6 per cent this year before falling back to growth of less than 2 per cent in 2018.

Numerous international currencies  

Brighter Outlook for Global Economy

Growth in the world economy will pick up this year, with an increase of 2.9 per cent in real GDP forecast after tepid 2.5 per cent growth last year. Meanwhile, the U.S. economy should expand by 2.3 per cent this year. The election of Donald Trump and the Brexit vote last year led to real concerns that the era of globalization and open borders was coming to an end. Some of that uncertainty eased when nationalist and anti-European Union candidates were defeated in the recent French and Dutch elections, as well as the absence of a far-right candidate in Germany. Low oil prices are also helping the world economy by boosting real incomes and household spending, and improving the external balances of oil-importing countries such as India.

 
Three sets of traffic signals  

Improved Outlook for Many Canadian Mid-Sized Cities

The economic outlook is improving for many Canadian mid-sized cities. In line with recovering oil prices, economic growth in Medicine Hat and Red Deer is expected to return to positive territory this year. Meanwhile, Lethbridge will continue to enjoy steady economic growth. The outlook is also generally positive for cities located outside Alberta, although they will not see economic growth go past 2 per cent. Prince George will be the only city out of the eight mid-sized cities in our report that will not see its economic activity improve in 2017; however, its economic growth will still be decent at 1.5 per cent this year.

Transmissions tower and lines, plus the sun  

Canada’s Electric Utilities Industry

Canada is a global leader in clean electricity generation and has one of the world’s cleanest generation mixes. But each regional market across the country is unique. Rapid change has taken place in the past decade, leading to a shift in the capacity and generation mix for electricity across the country, which has required higher end-use prices. Price increases, rather than increased generation levels, will continue to account for the bulk of revenue increases for the industry. Luckily, price increases are expected to moderate, as public utilities and governments attempt to rein in the rapid increases that have been prevalent over the last decade.


CBoC Highlights

Craig Alexander speaking Infographic thumbnail
Pedro Antunes discussed the potential economic fallout from the recent B.C. wildfires on Bloomberg TV Canada. Craig Alexander offered his insights on the Bank of Canada’s interest rate hike announcement.
Craig Alexander speaking Infographic thumbnail
Our interactive map and charts show clean trade strengths for Canada and the provinces. Watch Michael Burt on Business News Network discuss what’s at stake for Canada’s auto industry ahead of NAFTA talks and why the healthy level of demand is expected to continue.

In This Issue

  • Social Outcomes in the Territories
  • Climate-Friendly Technologies
  • Canada’s Motor Vehicle Manufacturing Industry
  • Canadian Economy Shifts Into High Gear
  • Brighter Outlook for Global Economy
  • Improved Outlook for Many Canadian Mid-Sized Cities
  • Canada’s Electric Utilities Industry

Previous Issues


Keep Up to Date


Popular Reports

Provincial Outlook Economic Forecast: Spring 2017 (July 2017)

Canadian Outlook Executive Summary: Summer 2017 (July 2017)

Clean Trade: Global Opportunities in Climate-Friendly Technologies (July 2017)

Health Technology Assessment in Canada: Opportunities for Optimization and Redesign (July 2017)

Recent Op-Eds

When Catastrophe Happens: Are We Ready? The Globe and Mail, July 12, 2017

The Consequences of Trump Disruption Are Becoming Clearer, The Globe and Mail, July 28, 2017

Latest Blogs

5G Networks—The Future is Here!

August 14, 2017

The Growing Threat of Fake News

August 14, 2017

There’s a Buzz in the Air and Yes, It Is Electric…

August 10, 2017

Upcoming Events

2017 Waterloo Region Business Outlook
Sep 7 | Kitchener

Business [Un]Usual: Profit from Purpose
Oct 2–3 | Toronto

The Better Workplace Conference 2017
Oct 24–26 | Toronto

Webinars

Strategies for Successful Accommodation of Employees with Mental Illness
Aug 22 at 2:00 PM

Experience Plus Education: Handing Millennials Control
Aug 23 at 2:00 PM

How to Operationalize an Enterprise Risk Management Program with Limited Resources
Aug 24 at 11:00 AM