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Industry Economics

The Industry Economics team performs economic research, analysis, and forecasts on Canadian industries. The team’s work is disseminated in many ways, including reports, webinars, presentations, and blog posts. In addition, the team conducts custom research projects and economic forecasts for public and private sector clients.

Our Services

Canadian Industrial Outlook Reports

These are in-depth, biannual economic outlook reports with a five-year forecast for key economic and financial indicators for nearly 20 major Canadian sectors. They provide a detailed analysis of the latest developments and trends affecting industries at the national and provincial levels.

Canadian Industrial Profiles

These brief two-page profiles are designed for smaller industries not covered by our Industrial Outlook service. Published annually, the profiles include an industrial SWOT analysis and a five-year forecast of key economic indicators and industry trends.

Leading Indicator of Industry Profitability

The Leading Indicator of Industry Profitability is a proprietary monthly index designed to predict near-term trends in corporate profitability. The index is calculated for the entire economy, as well as for 49 industries.

Custom Research

Our team of economists brings together over 40 years of experience delivering quality economic research and analysis. Examples of custom work include forecasting exercises, economic impact studies, labour market outlooks, market analyses, literature reviews, case studies, and policy analyses.

Upcoming Webinars

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Money in the Bank: The Outlook for Canada’s Banking Services Industry

The Canadian banking services industry expanded at a rapid pace in recent years, significantly outpacing overall economic growth largely on the strength of housing and equity markets. However, the industry’s expansion is poised to slow, due to weaker growth in consumer and business credit and smaller gains in North American equity markets. The Conference Board of Canada has produced its first Industrial Outlook for Canada’s Banking Services Industry. Overall, we expect the industry to post growth in output of between 2.5 to 3 per cent throughout the forecast, below the growth seen in recent years, but still outpacing the rate of the overall Canadian economy. In this webinar, you will get a 5-year revenue, cost, employment and profitability outlook for the banking industry and its major segments, including: Financial institutions that take deposits and issue credit (i.e. banks and credit unions), which account for over two-thirds of the industry’s gross domestic product and close to 60 per cent of its $245 billion in revenues; Securities, portfolio management and pension funds, which now account for one-third of the industry’s revenues (up from 28 per cent 5 years ago); Non-depository credit intermediation firms, which include institutions issuing credit cards, sales financing, and cash loans, and account for just under 10 per cent of both industry output and revenues. The outlook is based on the Conference Board’s Canadian Industrial Outlook Service, which covers eighteen Canadian industries and is updated twice a year using the Conference Board's econometric and financial model. This webinar is a must-attend for anyone with stakes in the industry, including: bankers, credit unions, wealth management professionals, market analysts, investors and regulators.

Live Webinar | May 2017 | Kristelle Audet | The Conference Board of Canada

Going with the Flow: The Fluid State of Crude Oil Pipeline Projects in Canada

In just a few months, the outlook for crude oil export pipelines has changed drastically. With the new Trump administration’s executive order to approve the Keystone XL pipeline, there are now four potential pipelines that could be built across Canada in the years to come. But, are all these projects needed? What are the implications for Canada’s energy sector over the long-term? What are the potential economic impacts of these projects? And, what other issues are worth considering in the context of the ongoing and evolving pipeline debate? Canada’s energy sector accounts for 1/10th of the national economy, rivaling the size of the manufacturing sector, and contributing significantly to the Canadian and provincial economies. For the sector to continue to succeed and to contribute positively to Canada’s economy over the long-term, a number of key challenges need to be solved. One of those challenges is building the infrastructure necessary to access new markets – including crude oil pipelines. Canadian oil production is expected to increase by over 40 per cent between 2016 and 2040—from 3.8 to 5.4 million barrels per day (MMb/d). At least two to three large crude oil export pipelines will be required to accommodate these growing volumes over the long-term. Meanwhile, recent studies by The Conference Board of Canada assessing the economic impacts of the Energy East and Trans Mountain expansion projects indicate that the benefits of these projects are significant--widespread across regions and industries--and that they will benefit the country for decades. In this webinar, find out the latest on the shifting environment for pipelines from two expert Conference Board of Canada economists, Michael Burt and Carlos A. Murillo.

Live Webinar | April 2017 | The Conference Board of Canada

Bringing the Workers to the Farm: The Importance of Temporary Foreign Workers in Canadian Agriculture

Labour shortages on Canada’s farms have doubled over the past decade. They are expected to double again in the next 10 years. Simply paying Canadians more to work in the sector or buying more machines is unlikely to make up this gap. Temporary foreign workers (TFWs) have played a major role in filling the labour gap in the past and will likely need to play a growing role in the future. Without TFWs, it is likely that a significant portion of Canadian farm land would lie fallow. One way of thinking of TFWs is in terms of globalization; rather than bringing the farms to where the workers are, we are bringing the workers to the farms. Join Michael Burt, the Conference Board of Canada’s Director, Industrial Economic Trends, for this presentation of Conference Board research about the current state of the agricultural labour force; the importance of temporary foreign workers in the sector; and policy options that governments and the sector could pursue. This webinar is based on the report Sowing the Seeds of Growth: Temporary Foreign Workers in Agriculture, produced by The Conference Board of Canada commissioned by the Canadian Agricultural Human Resource Council (CAHRC). CAHRC is a national, non-profit organization focused on addressing human resource issues facing agricultural businesses across Canada. CAHRC conducts industry research and develops products and services designed to help agricultural employers attract, retain, and develop the workforce they need to succeed.

Live Webinar | April 2017 | Michael Burt | The Conference Board of Canada

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Latest Economic Blogs

Anti-Globalization: We Have Been Here Before

February 21, 2017

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

January 27, 2017

Assessing the Risks of a Trump Administration

January 20, 2017

Industry Economics Team

Photo of Michael Burt

Michael Burt
Director, Industrial Economic Trends

Photo of Kristelle Audet

Kristelle Audet
Senior Economist

Photo of Todd Crawford

Todd A. Crawford
Principal Economist

Photo of Cory Renner

Cory Renner

Photo of Robert Meyer-Robinson

Robert Meyer-Robinson

Photo of Carlos Murillo

Carlos Murillo

Photo of  Richard Forbes

Richard Forbes