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The Cost of a NAFTA Termination

Negotiations to renew the North American Free Trade Agreement have, by all accounts, not gone well since they began last year and have led many observers to speculate that the Trump administration will withdraw from the 24-year-old deal. Our latest analysis found that Canada’s economy would lose about half a percentage point of growth and around 85,000 jobs in the first year following a demise of the agreement. Although growth would largely recover, thanks to a lower exchange rate and reduced interest rates, the level of gross domestic product would remain permanently lower, representing a loss in income across Canada.

Features

Dr. Susan Black  

Next President and CEO of The Conference Board of Canada

Dr. Susan Black has been selected as the next President and Chief Executive Officer of The Conference Board of Canada. She is a seasoned business executive who enables organizations to outperform by implementing best-in-class practices. Dr. Black has held numerous executive positions with Intact Financial Corporation, Catalyst Canada, and Holt, Renfrew & Co., Limited, and will assume her new role on May 1, 2018.


Canadian maple leaf  

Canadian Economy Shifting to a Lower Gear in 2018

Following a 3.0 per cent GDP increase last year, Canadian economic growth is expected to slow to a more sustainable 1.9 per cent in 2018. Household spending will continue to be the main driver of economic growth, but rising interest rates, moderating employment growth, and high household debt will force Canadian consumers to reduce the pace of their spending this year. The hope that trade and business investment would pick up the slack is unlikely to come to fruition, as uncertainty surrounding NAFTA negotiations and the possibility of increased tariffs are challenging businesses and exporters alike.


Row of empty charis  

Canadian Employers Are Preparing for Increases in Employee Medical Leaves

Due to Canada’s aging workforce and greater awareness surrounding mental health, Canadian employers are anticipating and preparing for an increase in employee medical leaves. Employers are prioritizing programs that can accommodate employees facing health challenges and help them remain in gainful, productive, and rewarding work. These stay-at-work programs include a variety of options, such as flexible work hours or modified duties, the offer of a different job, and telework.


Three business people meditating  

Growing Collaboration Between K–12 and PSE Educators

In Canada, the sequential ordering of primary, secondary, and post-secondary education (PSE) may seem logical, but the journey is not always smooth. Because K–12 and PSE are planned and governed separately, there can be bumps, roadblocks, and wrong turns for the learner. Given the increased need for students to acquire advanced skills and complete post-secondary education, Canadian policy-makers need to be concerned with the impact that K–12 has on participation and success in PSE. Communities of practice, networks, and partnerships offer frameworks for collegial relationships and collaborations to develop.


Folded map  

Vancouver and Abbotsford-Mission Sweep Top Spots in Economic Growth in 2018

The British Columbia cities of Vancouver and Abbotsford-Mission, along with St. John’s and Calgary, will be the fastest-growing census metropolitan areas (CMAs) in Canada this year. Following an increase of 3.7 per cent in 2017, Vancouver’s real GDP growth is expected to moderate to a nation-leading 2.7 per cent this year. Meanwhile, the economies of Abbotsford-Mission, St. John’s, and Calgary are all expected to experience healthy growth of 2.5 per cent. Most of the 29 CMAs included in our outlook will see their economic growth moderate in 2018


Three business people meditating  

The Quick Take: Insights From The Conference Board of Canada’s Economists

Our team of esteemed economists is now providing on-the-spot analysis on key developments involving and impacting the Canadian economy. The Quick Take offers insights into Statistics Canada data releases, Bank of Canada interest rate announcements, provincial and federal budgets, and more. Most recently, our economists provided analysis on Statistics Canada’s Consumer Price Index Report and provincial budgets in Alberta, Manitoba, and Nova Scotia.



CBoC Highlights

Craig Alexander (right) being interviewed
Craig Alexander (right) being interviewed
From March 25–29, The Conference Board of Canada’s Quality Network for Universities led a delegation of Canadian university leaders on a study tour of Switzerland's top post-secondary education institutions and research institutes to help foster and enhance collaboration between the two countries. Our Chief Economist Craig Alexander joined CTV’s Power Play to discuss the benefits of a national childcare program.

In This Issue

  • Next President and CEO of The Conference Board of Canada
  • Canadian Economy Shifting to a Lower Gear in 2018
  • Canadian Employers Are Preparing for Increases in Employee Medical Leaves
  • Growing Collaboration Between K–12 and PSE Educators
  • Vancouver and Abbotsford-Mission Sweep Top Spots in Economic Growth in 2018
  • The Quick Take: Insights From The Conference Board of Canada’s Economists

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