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A Difficult Road Ahead: Provinces Facing Years of Deficits

Canada’s provinces are struggling to balance their budgets. In fiscal year 2013–14, Canada’s 13 provinces and territories recorded an estimated combined budget deficit of $16.1 billion. And their task won’t get any easier. Weaker economic growth and slower increases in federal transfer payments will make it more difficult for provinces and territories to balance their books while also meeting the rising demand for health services and other social programs.

Features


Governance in Northern Canada: Is the Public Sector Working Effectively?

Public servants and Aboriginal governments deserve much of the credit for the remarkable governance transformation that has taken place in Canada’s territorial North. Even while dealing with complex processes, such as devolution, Northern political leaders and public servants have focused consistently on solving practical problems. One of the most important innovations is the effective integration of Aboriginal ideas, values, people, and organizations into Northern territorial governance.



Canadian Firms Will Get From CETA What They Put Into It

The announced agreement on a final text of the Comprehensive Economic and Trade Agreement between Canada and the European Union is one more significant step on the long road toward more diversified and growing international trade and investment—a key element in enhancing Canada’s economic prosperity. While a number of industries will benefit from duty-free access under CETA, the real gains are likely to come from parts of the deal that go far beyond tariffs and traded goods.



Management Matters: Business Practices More Important Than Public Policy in Driving Innovation

Management practices are critical to improving Canada’s innovation performance. Innovation is more likely to come from changes in business strategy than from public policies designed to persuade companies to innovate. And it all starts with bold leadership. Leadership is the most important factor in determining whether a company is innovative. In order to improve Canada’s innovation performance, we need more business leaders who are ambitious, willing to take risks, and ready to incorporate innovation into business strategies.


What Does It Take to Succeed in Global Markets?

Canada has a relatively small domestic market. And in order to grow, Canadian companies need to look abroad. The Conference Board of Canada is conducting a research study on the key factors that make companies successful in foreign markets. As part of this project, we will profile a group of Canadian companies that embody and reflect these factors. If your company is successful in global markets, we want to hear from you.



British Columbia’s Budget Back on Solid Ground

British Columbia was one of only two provinces to report a budget surplus in fiscal 2013–14. Strong economic growth will boost revenues over the next four years, setting up the province to run surpluses through 2017. To maintain the budget in a surplus position, however, B.C. will need to keep growth in education and health spending in check. Overall, B.C.’s health spending per capita is much lower than that of most other provinces. But education spending is, on a per-student basis, above the national average.



Alberta’s Finances to Return to the Black in 2015

Alberta’s economic growth is expected to be the strongest in the country in 2014 and 2015, boosting employment, income, and the government’s tax base. As a consequence, Alberta is one of the few provinces set to balance its books in 2014–15. The greatest risk to Alberta’s future is its high reliance on royalty revenues to fund program spending.


CBoC Highlights

David Stewart-Patterson talked to CTV National News about the need for Arctic sovereignty and protection in Canada’s North in the face of competing interests.

Glen Hodgson and David Stewart-Patterson talk about Burger King’s acquisition of Tim Hortons and why it matters to Canadians



In This Issue

  • A Difficult Road Ahead: Provinces Facing Years of Deficits
  • Governance in Northern Canada: Is the Public Sector Working Effectively?
  • Canadian Firms Will Get From CETA What They Put Into It
  • Management Matters: Business Practices More Important Than Public Policy in Driving Innovation
  • What Does It Take to Succeed in Global Markets?
  • British Columbia’s Budget Back on Solid Ground
  • Alberta’s Finances to Return to the Black in 2015

Previous Issues

Webinars

Compensation Planning Outlook 2020 Webinar
Nov 21 at 2:00 PM

Why Canada’s Arctic Matters
Nov 26 at 11:00 AM

You're It: Crisis, Change, and How to Lead When It Matters Most
Nov 26 at 2:00 PM

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