Conference Board Economists in the News
News articles for January 2012 Globe & Mail—January 20, 2012 Conference Board economist Maxim Armstrong: “Conventional trade measures record the value of a good or service when it crosses the border. In contrast, value-added trade measures would record only the amount by which a good or service has increased in value while passing through a specific country.” Globe & Mail—January 11, 2012 Despite global economic turmoil, “high prices for agricultural products, minerals and oil are likely to continue,” said Mario Lefebvre, director of the board’s centre for municipal studies. “Canada’s prairie cities will reap the benefits of this global demand for commodities.” News articles for November 2011 CBC News—November 15, 2011 “Our textiles industry has already collapsed, and the Canadian furniture industry is going the same way,” says Michael Burt, economist with the Conference Board of Canada. “Not only are we exporting resources; we are exporting jobs.” National Post—November 8, 2011 “There’s certainly no need to add fiscal stimulus right now, which would just dig the hole deeper. If we’ve learned anything from Europe, it’s that you don’t create wealth by running fiscal deficits in perpetuity," said Glen Hodgson, chief economist at the Conference Board of Canada. News articles for September 2011 Toronto Sun—September 26, 2011 “You have to live in the real world and be prepared to make adjustments to your strategy as warranted,” says Glen Hodgson, the Board's senior vice-president and chief economist. “Maybe circumstances will force us to slip the (balanced budget) target by a year or even by two years.” News articles for August 2011 12 août 2011 « La dette du Québec est élevée. En revanche le gouvernement a un plan sérieux et il est sur le point d atteindre ses objectifs. Jusqu à récemment les pays européens n avaient pas un plan aussi crédible » dit léconomiste en chef du Conférence Board Glen Hodgson. News articles for March 2011 Globe and Mail—March 21, 2011 “We do think grocery bills are going to go up,” said Michael Burt [of] the Conference Board of Canada. “Food is a significant chunk of people’s budgets. ... Even a small increase can challenge people’s budgets, particularly at lower income levels.” Globe and Mail—March 8, 2011 “For most, the dream of retiring at 55 is over, squashed by the effects of the recession,” said Pedro Antunes, director of national forecasts at the Conference Board. News articles for February 2011 Ottawa Citizen—February 17, 2011 Glen Hodgson, said he believes budget balance can be achieved by mid-decade based on better-than-expected growth in nominal income (a combination of real income and inflation). “They have to start drilling into specific programs—not in great gory detail, but tell us where the reallocation of spending is going to be happening.” Globe and Mail—February 10, 2011 Glen Hodgson: “We’re not going to see manufacturing disappear in Southern Ontario, but it’s going to have to change its business model if it’s going to compete in the world.” News articles for January 2011 Calgary Herald—January 20, 2011 “The strongest performing Canadian companies use direct investment abroad to improve their performance by accessing new markets, technologies, talents, suppliers and resources,” said Danielle Goldfarb. 2010 News articles for October 2010 Montreal Gazette—October 7, 2010 [On the U.S. failure to deal with its ballooning debt:] "It is an ominous situation without bold policy action, yet the politicians seem to be whistling past the graveyard." said Glen Hodgson. News articles for September 2010 Globe and Mail—September 21, 2010 Ms. Goldfarb and Mr. Theriault argue that Canadian busienssesses are taking far less advantage of Canada-EU relationships than Europeans are. Even so, they say that Canadian raw materials often add high value—something of a vindication for the proverbial hewers of wood. News articles for July 2010 Vancouver Sun—July 27, 2010 “Historically speaking, that’s quite low,” Todd Crawford, a Conference Board economist, said in an interview. “B.C. [consumer confidence ratings] have always been relatively higher than everywhere else.” News articles for June 2010 Vancouver Sun—June 28, 2010 Glen Hodgson, chief economist with the Conference Board of Canada, said the group [of 20] ended up “sending as strong a signal as it could” that it is determined to sustain the recovery. Canadian Press—June 24, 2010 “The G20 have not been perfect on this matter, and they need to re-commit to this and take concrete positive action to make sure we don't derail the global recovery,” says author Danielle Goldfarb of the think-tank's trade and investment branch. CBC News—June 10, 2010 “For a country that considers itself a major trading nation, the trend lines for Canadian trade are uncomfortable,” said the Conference Board of Canada's chief economist, Glen Hodgson. News articles for April 2010 Financial Post—April 23, 2010 [On the global bank tax:] “This will be an interesting test about the effectiveness of co-operation and co-ordination going forward,” said Glen Hodgson, chief economist at the Conference Board. “We were very good in crisis response, but I am not sure we have absorbed the long-term lessons.” News articles March 2010 Toronto Sun—March 16, 2010 “A firm that uses various approaches to globalization simultaneously will be better positioned to reduce the financial risks associated with changes in the value of the Canadian dollar.” said Louis Theriault, director, international trade and investment at the Conference Board of Canada. Windsor Star—March 11, 2010 “Even though the Ontario economy lost jobs in 2009, it would have lost more jobs—another 70,000, we figure—had it not been for the increase in infrastructure spending.” said Pedro Antunes, director, provincial and national forecasts for the Conference Board. National Post—March 5, 2010 And while the five-year plan he [Flaherty] tabled yesterday gets the current $54-billion deficit only to $1.8-billion by 2014, that's “balanced enough” for international investors, said Glen Hodgson, chief economist at the Conference Board of Canada and a former Finance official. News articles for February 2010 Canadian Press—February 9, 2010 Louis Theriault, author of the board's report [on a new heart health strategy], said the strategy could prevent tens of thousands of heart attacks and other dangerous conditions. Financial Post—February 3, 2010 “Once you get a good initial year [on nominal GDP], you can build upon that,” said Glen Hodgson, vice-president and chief economist at the Conference Board of Canada. “As long as spending is kept under control over the three-to five-year period, we think fiscal balance is achievable.” News articles for January 2010 National Post—January 21, 2010 “The problems of Wall Street can quickly become those of Main Street if banks are unwilling or unable to lend to businesses and consumers,” Mr. Theriault said. “Without confidence, the system can crumble and the economy cannot function.” Bloomberg News—January 19, 2010 “Any suggestion they will raise rates before the U.S. would probably drive up the currency, and we’ve already had concern from the bank that the very high dollar would derail the recovery,” said Pedro Antunes, director of economic forecasting at the Conference Board of Canada in Ottawa. CBC News—January 13, 2010 “Sustainable development of the oil sands requires a more measured pace of growth than we have seen in recent years, which would ease the labour, material and environmental pressures,” co-authors Len Coad and Glen Hodgson said. Toronto Star—January 13, 2010 “In the interest of even-handed treatment across economic sectors and long-term competitiveness for both Canada and the United States, improvements are needed in every step of the energy value chain, and reducing emissions from vehicles must be a part of any climate change plan,” [Len] Coad said. 2009 News articles for December 2009 Report on Business—December 6, 2009 “One of the most positive signs in the November data was the increase in the number of job seekers, a sign of confidence in the labour market,” said Glen Hodgson, the Conference Board of Canada's chief economist. News articles for November 2009 Globe and Mail—November 30, 2009 Danielle Goldfarb of the Conference Board of Canada... points out that Canada has already lost much of its influence in multilateral trade negotiations, largely because of its defence of a closed dairy market. Financial Post—November 24, 2009 The [dairy supply management] system “prevents milk producers from capitalizing on opportunities in global marekts, while thwarting Canada's international trade objectives,” said chief economist Glen Hodgson. “Defending supply management in trade talks compromises Canada's ability to secure market access for other Canadian goods and services,” he said.
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