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Canadian Economy Expected to Post Stronger Growth in 2017

Things are looking up for the Canadian economy. Last year, Canada’s economic growth was held back by weak business investment and a disappointing export performance. In 2017, growth is expected to accelerate to 1.9 per cent as the energy sector puts less of a drag on the economy and government stimulus ramps up. While it is too soon to estimate the impact of a Trump administration on Canada’s trade sector, stronger export growth is anticipated for 2017–18 thanks to strength in the U.S. economy and a weak Canadian dollar.


Stones on a balance  

Employers and Unions Willing to Work Together in 2017

Continued economic challenges across the country have organizations on both sides of the bargaining table concerned with job security and managing costs. Employers will be focused primarily on shifting pay and pension structures to rein in costs, while some unions are pushing for minimum hours, a higher minimum wage, and a reduction in the use of two-tier wage structures. Unions and employers have both signalled that they are prepared to work together where necessary to maximize benefits for employees in the year ahead.

Businssman holding out a stack of papers  

Sophisticated Security Threats Require Improved Information and Intelligence Sharing

From 9/11 to the attacks in Brussels and Paris, the absence of timely and effective sharing of information between security stakeholders has been repeatedly identified as a shortcoming. Despite its importance to national security, discussions about how to improve information and intelligence sharing tend to occur only after the damage is done. This report explores the public-private sector information- and intelligence-sharing relationship, identifies challenges, and offers recommendations.

Group of multi-ethnic, multi-age peopel  

Maximizing Manitoba’s Potential

Manitoba could become an economic growth leader in Canada if it can capitalize on three demographic advantages—its large Indigenous population, the influx of international immigrants, and rural-urban migration. The province has the largest population share of Indigenous people in Canada, and this demographic group is traditionally younger than the overall population. Boosting their participation in the workforce would result in stronger economic growth. The province will also continue to rely heavily on immigration and migration to Winnipeg (with its low cost of living and business costs) to support growth in the working-age population.

Saskatchewan flag  

Fiscal Snapshot: Saskatchewan

Saskatchewan’s economy is expected to emerge from recession in 2017. However, weak revenues, combined with cost overruns announced in the provincial government’s mid-year update, suggest that a balanced budget, originally scheduled for 2017–18, will be out of reach until 2019–20. Despite the delay, the province’s debt levels will remain comparatively low. And while the road to balance may be a little bumpy, the worst is likely over.

Man examing an x-ray  

More Than Image Interpreters

Radiologists are essential to the diagnosis and treatment of many conditions. Patients from every demographic group rely on radiologists to provide insights into their health. While technological advancements—including breast cancer screening, teleradiology, and interventional radiology—have improved patient access to radiology, especially in remote and rural locations, the high demand for this medical service still exceeds the capacity of radiologists in Canada.

CBoC Highlights

Sabrina Bond Craig Alexander
Economist Sabrina Bond talks to BNN about Donald Trump’s policies and the implications for Canada’s auto manufacturing sector. Senior Vice-President and Chief Economist Craig Alexander discusses what Canadians can expect to pay more for in 2017 in this interview with CTV’s “Your Morning.”
Glen Hodgson Oil droplet splashing
Senior Fellow Glen Hodgson talks with CBC News about the economic impact of low attendance at Ottawa Senators games. Is the Keystone XL a “Trump card” for Canada’s energy sector? Or it is one project too many? This new blog post investigates.

In This Issue

  • Canadian Economy Expected to Post Stronger Growth in 2017
  • Employers and Unions Willing to Work Together in 2017
  • Sophisticated Security Threats Require Improved Information and Intelligence Sharing
  • Maximizing Manitoba’s Potential
  • Fiscal Snapshot: Saskatchewan
  • More Than Image Interpreters

Previous Issues

Keep Up to Date

Popular Reports

Canadian Outlook Executive Summary: Winter 2017
(January 2017)

Career Pathing: Mapping Out the Employee Development Journey
(January 2017)

Industrial Relations Outlook 2017
(Decmeber 2016)

Provincial Outlook Economic Forecast: Autumn 2016
(December 2016)

Recent Op-Eds

Trump’s Economic Agenda: Uncertainty, Risks, and Opportunities for Canada, The Globe and Mail, January 25, 2017

Canada’s Next Trade and Economic Era, The Globe and Mail, January 17, 2017

Canada and South Korea Must Step Up if Free-Trade Agreement Is to Flourish, The Globe and Mail, January 4, 2017

Japan Presents an Untapped Business Opportunity for Canada, The Globe and Mail, January 3, 2017

Latest Blogs

Anti-Globalization: We Have Been Here Before

February 21, 2017

Should We Broaden Canada’s Priorities Around Terrorism?

February 06, 2017

Keystone XL—A Trump Card or One Project Too Many?

January 27, 2017

Upcoming Events

Public Sector HR 2017: Building “Next Generation” HR for a “Next Gen” Public Sector
Feb 21–22 | Ottawa

Cyber Security 2017: Securing the Smart City of the Future
Feb 27–28 | Ottawa

Problematic Substance Use and the Workplace
Mar 2 | Toronto


Benchmarking Talent Management Practices in Canadian Organizations: Webinar on HR Trends and Metrics
Feb 27 at 2:00 PM

Major Project Agreements and Indigenous Communities: Finding the Win-Win
Feb 28 at 3:00 PM

Third Party Risk and Reward: Managing the Risk of Third Party Service Providers
Mar 07 at 11:00 AM