Custom Economic Services
With a well-respected reputation in national, provincial and regional and industrial economic forecasting, the Conference Board's Economic Trends team has the experience and technical training to meet your requirements for in depth economic analysis. We specialize in providing custom tailored analytical solutions to tough problems for clients in all industry sectors as well as all three levels of government. The Conference Board of Canada works in Canada and internationally.
The economics team at the Conference Board will help you:
- Make decisions that are important to your organization based on solid economic analysis and independent review of information.
- Support and validate your “gut feel” regarding business issues with hard data and careful analysis.
- Expand your reach by placing a team of skilled professionals at your fingertips to resolve those vital but sometimes lingering issues.
- Assess the potential impact of different policy decisions on the economy.
Our economic research covers these areas:
- Tailor-made forecasts
- Custom econometric modelling and forecasting
- Economic impact analysis including fiscal impacts
- Policy analysis
- Sectoral/regional analysis
- Demographic analysis
- Cost/benefit analysis
- Database construction and management
- EViews training program
- Economic modelling and forecasting training programs
- Building institutional capacity to carry out sound economic analysis
- Project management
This report aims to identify job openings and occupations most in demand in Canada’s resource sector over the next ten years. This information can help inform Aboriginal leaders and policy-makers to ensure that the Aboriginal labour force has access to the training required to take advantage of the upcoming opportunities.
While the resource sector is currently going through some turbulence, the long-term outlook is more favourable. The retirement of workers—more so than the expansion of the sector—will create the majority of job openings in the resource sector. With enough lead time, identifying labour market and occupational opportunities by region can improve labour mobility and skill development. This analysis was conducted for nearly 300 occupations across all 10 provinces and the territories.
The financial services sector is one of the most important to the Canadian economy. The sector directly accounted for 4.4 per cent of employment and 7 per cent of GDP in Canada in 2015, and it has been a key source of growth for the Canadian economy over the past decade. Financial services activities act as the lubricant that enables all business activity in the economy to operate smoothly. Without these services, the Canadian economy would not be able to perform as effectively or participate as fully in the global economy. This report identifies the key strengths in the financial services sector for each of Canada’s four financial centres—Calgary, Montréal, Vancouver, and Toronto.
This report quantifies the potential economic and labour market impacts associated with a 30 million tonnes per annum liquefied natural gas (LNG) industry in British Columbia. The development of this size of industry would result in the production of an additional five billion cubic feet per day of natural gas, approximately doubling 2014 production levels. The report expects that the total annual spending across the upstream, midstream, and downstream sectors will average $6.9 billion. The industry would increase national employment by an average of 65,000 jobs, 46,800 of which would occur in British Columbia. The findings in this report, however, are subject to uncertainty, as none of the 21 proposed projects have entered the construction phase, with many still attempting to obtain required government and investor approval.
Ontario Power Generation’s Darlington Nuclear Generating Station supplies approximately 20 per cent of Ontario’s power. Having been in operation since the early 1990s, the station is approaching the mid-point of its operating life. At this stage, its CANDU reactors require a major refurbishment to replace critical components. As a result, OPG is currently overseeing a $12.8 billion refurbishment investment project that is designed to allow the station to continue operating safely for another 30 years. This reports finds that the economic impact of the refurbishment is expected to boost Ontario’s nominal GDP by a total of $14.9 billion from 2010 to 2026 and boost the number of jobs in the province by an average of 8,800 per year over the same period.
Other Specific Examples of Custom Economic Research
- Custom forecast of vehicle sales, by brand, in Canada and the provinces.
- A study of the regulatory burden placed on Canadian business including a comparison of the Canadian and U.S. situation.
- A long-term evaluation of the costs and benefits of the Ontario Retirement Pension Plan.
- Development of a benchmarking analysis to measure the competitiveness of Canadian cities to other cities in North America and across the globe.
- Development of a detailed regional model to forecast physician and specialist requirements for the province of Ontario.
- A study that examined the economic contribution of beer in Canada. It quantified the contribution of beer consumption to the Canadian and provincial/territorial economies and the fiscal returns of beer consumption to federal, provincial, territorial, and municipal governments.
Sport Tourism Economic Assessment Model (STEAM)
The Conference Board’s Sport Tourism Economic Assessment Model (STEAM) is a unique economic impact assessment tool that predicts and measures the economic impact of a sport event on any community in Canada. It was the first web-based tool of its kind in the world specifically designed for use in the sport tourism industry.
The STEAM is continuously updated by integrating survey results of visitors attending various sporting events across Canada. This process enables event organizers to prepare consistent and credible economic impact projections. The purpose of STEAM is to calculate both the provincial and local economic impacts of sport tourism. The economic impacts are calculated on the basis of capital and operating expenditures on goods, service and employee salaries, and on the basis of tourist spending within a designated tourism sector.
The elements used to measure the economic impacts are Gross Domestic Product (GDP), Employment, Taxes, Industry Outputs and Imports. STEAM measures the direct, indirect and induced effects for each of these elements.
We invite you to discuss your unique requirements with us. Contact Jo-Leen Folz.