Printer icon Print Page

Top Story

New Conference Board Economic Indicator

The Conference Board's newly launched Composite Leading Index shows that the Canadian economy will grow in the first half of 2014 — but only modestly. The Index rose 0.3 per cent in December matching the gains made in both October and November. This trend signifies that the economy is growing, but Canadian growth will not pick up the pace until later in the year. The Composite Leading Index sums up the performance of ten components that track the short-term course of the economy.

Features

The Falling Loonie

The biggest economic story of the new year has been the fall of the Canadian dollar. The Conference Board's assessment is that the drop in the dollar, if sustained, would have a small positive impact on economic growth in the short term. Some exporters may stand to benefit, but a declining loonie will also hit all Canadians in the pocketbook. More important than the value of the loonie is the signal it sends about the Canadian economy.

Taxis: That other supply management system

Shopping for milk and hailing a cab are two everyday activities that do not seem to have much in common. Yet, they are more alike than they appear at first glance. Dairy products are managed by a complicated system under which the amount to be produced is predetermined. Taxis are organized much the same way. Taxicab service remains tightly controlled even during times of high demand, such as the holiday season.

Why a Canadian Food Strategy?

Food impacts our lives, our health, our jobs, and our economy. Since 2010, the Conference Board's Centre for Food in Canada has been bringing together stakeholders from different sectors to create a Canadian Food Strategy—one that will meet the country's need for a coordinated, long-term strategy on industry prosperity, healthy and safe food, household food security, and environmental sustainability. The strategy will be launched at the 3rd Canadian Food Summit 2014: From Strategy to Action on March 18–19 in Toronto.

Measuring and Managing Innovation

It is perhaps the worst-kept economic secret in the country. Canada does not take advantage of its innovation capabilities, and that is impeding its growth potential. Canadian firms can use metrics to improve their innovation activities and competitiveness. However, almost 40 per cent of Canadian companies don't measure the success of their innovation activities at all. Of those firms that do, most use the kinds of measures that don't actually link well to their organizations' bottom-line results.

Conference Board of Canada One of the National Capital Region's Top Employers

The Conference Board of Canada is proud to announce that it has again been recognized as one of the National Capital Region's Top Employers for 2014. This marks the fifth time in seven years that the Conference Board has been named to the list of top employers in the Ottawa region. A key to our success is our ability to attract and retain outstanding talent, and this recognition only strengthens our position as an employer of choice.


CBoC Highlights

Photo of the Hon. Jason T. Kenney Photo of Vijay Gill

Satyamoorthy Kabilan, Director, National Security and Strategic Foresight, delivered a presentation on security and intelligence at the Canadian International Council dinner that aired on CPAC on January 18.

Pedro Antunes, Director, National and Provincial Forecast, discussed Canada's December job losses and the economy on CBC's Power & Politics on January 10.



In This Issue

  • New Conference Board Economic Indicator
  • The Falling Loonie
  • Taxis: That other supply management system
  • Why a Canadian Food Strategy?
  • Measuring and Managing Innovation
  • Conference Board of Canada One of the National Capital Region’s Top Employers

Previous Issues

Webinars

Being Bold and Intentional: Best Practices in Sustainability Reporting
Dec 10 at 2:30 PM

Brexit, Wexit and other Recession Risks—Will Canada’s Economy Squeak By?
Dec 11 at 2:00 PM

Leadership in Conservation across Canada
Jan 08 at 2:00 PM

Latest Blogs

Cyber and Hybrid Threats to Canada and Its Allies

by
  • Brent Dowdall
| May 06, 2019
<table class="blogAuthor"> <tbody> <tr> <td class="baImg"><img src="https://www.conferenceboard.ca/bios/retrieveImages.aspx?id=83526" alt="Brent Dowdall"></td> <td> </td> <td class="baText"><strong><a rel="author">Brent Dowdall</a><br> </strong>Senior Manager, Research and Business Development</td> </tr> </tbody> </table> <p>Cyber security threats are now considered a global security concern on par with traditional conventional military threats. Our interconnected world means that cyber threats and hybrid warfare incorporate a complex mix of hostile actors and a wide range of tactics. The rapid evolution of technology, combined with the ability of attackers to quickly adopt new offensive tools and techniques, further exacerbates the threat. Open liberal democracies have an interest in overcoming the risks of cyber attacks—to protect the critical infrastructure we rely on, personal privacy and business continuity, and even democratic institutions themselves.</p> <p>The Government of Canada is developing cyber capabilities to protect the country from virtual threats and to work within defence alliances. Among its key partners should be European countries, working both within the North Atlantic Treaty Organization (NATO) and with the European Union (EU) itself.</p> <p>With Europe on the front lines of hostile state and non-state actors, the EU has taken a more assertive role in organizing its own cyber security defences and those of its member states. The EU’s <a href="https://pesco.europa.eu/">Permanent Structured Cooperation (PESCO)</a> initiative has put cyber security at the top of the priority list for greater collaboration and cooperation among member states.</p> <p>The <a href="https://pesco.europa.eu/project/cyber-rapid-response-teams-and-mutual-assistance-in-cyber-security/">Cyber Rapid Response Teams (CRRT) and Mutual Assistance in Cyber Security</a> project is among the most advanced of the projects under the PESCO initiative. CRRT will allow member states to help each other to ensure higher level of cyber resilience and to collectively respond to cyber incidents. Lithuania leads the EU cooperation project in cyber defence, with eight more EU member states—Estonia, Spain, Croatia, Poland, Netherlands, France, Romania, and Finland—participating in the project (Belgium, Greece, Slovenia, and Germany are observers of the project).</p> <p>The aim of this project is to integrate the expertise among member states in the field of cyber defence. The rapid response teams are able to assist with training, diagnostics, and attribution forensics, and to provide assistance in operations.</p> <p>At the <a href="https://www.eucanada.eu/">5th&nbsp;European Union Security and Defence Symposium</a>, held in Ottawa on March&nbsp;20, 2019, the panel session PESCO in Action: Confronting Hybrid/Cyber Threats will outline the progress being made on the CRRT and how Canada and the EU can work together to strengthen our shared responsibilities in the field of cyber threats. The Conference Board of Canada is a partner in developing the program for the event. Participants include senior EU officials, Canadian governments officials, and experts from both sides of the Atlantic.</p> <p>Canada is far from exempt from the potential consequences of cyber threats. The Canadian Centre for Cyber Security’s most recent threat assessment says that 2019 could be a particularly harrowing year for Canadian individuals, businesses, and institutions.<span class="sup"><a href="#ftn1-ref" name="ftn1" id="ftn1">1</a></span></p> <p>Given the high and rising threat of cyber attacks, it is also important to promote the concept of cyber resilience. Unlike cyber security, which is usually very focused on prevention and protection, cyber resilience recognizes that successful cyber attacks may be inevitable. Therefore, cyber resilience promotes the need to ensure organizations can maintain critical functions and quickly return to normal in the wake of an attack. Improving organizational cyber resilience will be the focus of the Conference Board’s <a href="https://www.conferenceboard.ca/conf/cyber-security/deafult.aspx">Cyber Security 2019: Building and Testing Cyber Resilience</a> conference.</p> <p>As governments and businesses alike face new threats, decision-makers and organizational leaders need to stay up to date on the latest cyber-security trends. Ongoing research and dialogue—by sharing the successes, weaknesses, and learnings—is perhaps the most effective defensive weapon we can collectively wield against these threats.</p> <hr> <h3>Related Conference</h3> <p><a href="https://www.conferenceboard.ca/conf/cyber-security/deafult.aspx">Cyber Security 2019: Building and Testing Cyber Resilience</a><br> May 27, 2019, Toronto</p> <br><br> <p class="footnote" style="padding-top: 1.25em;"><a id="ftn1-ref" name="ftn1-ref" href="#ftn1">1</a>&nbsp;&nbsp;&nbsp;&nbsp;Cindy Baker, <a href="https://www.itworldcanada.com/article/canada-is-a-prime-target-for-cybersecurity-attacks-in-2019/414201">“Canada Is a Prime Target for Cybersecurity Attacks in 2019.”</a> <em>IT World Canada</em>, January&nbsp;16, 2019.</p>

Four Employee Trends Disrupting Traditional Benefits Plans

by
  • The Conference Board of Canada
| May 01, 2019
<p>As workplaces become more generationally diverse, the needs of employees have become more complex. More than ever, HR professionals are looking for ways to respond to these varied needs.</p> <p>Employers have their work cut out for them when it comes to remaining cost-effective while providing today’s workforce with the most valuable health benefits.</p> <p>Based on the <a href="https://www.conferenceboard.ca/web/benchmarking/index.html" title="" class="" target="">2019 Benefits Benchmarking</a> report, here are the <strong>top four employee trends disrupting traditional benefits plans:</strong></p> <h2>Cannabis in the Workplace</h2> <p>Medical cannabis has been legal in Canada since 2001, and the number of authorized users has grown dramatically. By mid-2018, 342,000 Canadians were registered to use legally.</p> <p>Due to the recent legalization of recreational cannabis, medical cannabis is expected to be more common. Employees are increasingly turning to their employers with questions about coverage. Yet, only a handful of the Canadian organizations we surveyed offer coverage for medical cannabis.</p> <p>Employers should consider creating strategies that are mindful of this new frontier.</p> <h2>Aging Workforce </h2> <p>The needs of Canadian employees have become increasingly complex as Canada’s largest generation continues to work past the typical retirement age. This has put pressure on the health care system. Employers find themselves challenged to address the needs of this generation head-on.</p> <p>Organizations are aware of this trend, and they are looking for technology to better manage health care needs.</p> <h2>Increase Use of Biologic Drugs </h2> <p>There has been an increase in the use of biologic drugs and a greater focus on paramedical services. This has made it difficult for organizations to decide where to invest resources.</p> <p>Given this growing trend, having a drug cost management strategy is becoming increasingly important for the long-term sustainability of benefits plans.</p> <h2>Virtual Health Care and Wellness </h2> <p>Organizations are seeking more cost-effective, creative, and proactive ways to maintain and improve employee health. Canadian organizations are increasingly turning to new technologies that focus on prevention, such as virtual wellness technologies to manage health and fitness and pharmacogenetic testing.</p> <p>Different industries align their benefits strategies with virtual wellness technologies in varying ways. Their focuses may include physical wellness, improving financial wellness, reducing stress, absenteeism, or productivity.</p> <p><strong>Get ahead of these disruptors by leveraging data from 217 Canadian organizations in the 2019 Benefits Benchmarking report.</strong> <a href="https://www.conferenceboard.ca/web/benchmarking/index.html" title="" class="" target="">Read on</a>.</p>

Five Trends That Will Change the Way Your Company Structures Benefits

by
  • The Conference Board of Canada
| Mar 20, 2019
<p>Employee expectations are changing, and nowhere is this more evident than in benefit offerings. </p> <p> Canadian employers are being challenged to appeal to a multi-generational workforce. Varied employee needs have given rise to an evolved style of benefit offerings: one that is flexible, but keeps an eye on cost. </p> <p> How can you stay ahead of the curve? We surveyed 217 organizations for our new <a href="https://www.conferenceboard.ca/web/benchmarking/index.html">Benefits Benchmarking&nbsp;2019</a> report, collecting data that reflect the experiences of 1.2&nbsp;million employees. </p> <p><strong>Here are five trends in employee benefits that will give your organization an edge:</strong></p> <h2>More Flexible Benefits</h2> <p>Flexibility is the name of the game in 2019. Increasingly, employers are managing costs by letting employees decide what supports are best for them and their families. In our survey, we found that a record-breaking <strong>two-thirds of Canadian employers are now offering more innovative health care spending accounts (HCSAs) to employees at all levels</strong>.</p> <h2>Wellness Apps Supporting Employee Well-Being</h2> <p>Wellness apps are proving to be a win-win. Employees who use these apps are reaping the rewards of being proactive about their physical and mental health. Meanwhile, employers benefit from happier, healthier employees.</p> <h2>Medical Marijuana Offered as an Employee Benefit</h2> <p>The green wave has arrived in Canada. It’s no surprise that medical cannabis is starting to find its way into employee benefit offerings. While only 6&nbsp;per cent of organizations currently cover medical cannabis, <strong>close to half (48&nbsp;per cent) of respondents report they are considering doing so in the future</strong>.</p> <h2>Outsourcing Benefits Administration</h2> <p>With the emergence of new HR technologies, outsourcing your benefits administration can significantly impact your bottom line while meeting employees’ wellness needs.</p> <h2>Offering Mental Health Support to Employees</h2> <p>Conversations around mental health in the workplace have hit critical mass, bolstered by the gigantic #BellLetsTalk movement. Approximately two-thirds of all responding organizations report enhancing or introducing strategies to support employees’ mental health and wellness. </p> <p><strong>How does your organization stack up? Optimize your employee benefits with data from 217&nbsp;organizations. </strong><a href="https://www.conferenceboard.ca/web/benchmarking/index.html"><strong>Get the Benefits Benchmarking 2019 report.</strong></a></p> <p><a href="https://www.conferenceboard.ca/web/benchmarking/index.html"><img src="/images/default-source/cboc-images-public/22685_benefits_552x147_final.jpg?sfvrsn=b9274e13_0" data-displaymode="Original" alt="Benefits_552x147" title="Benefits_552x147"></a></p>