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Spotlight on High-Value Services: Canada’s Hidden Export Strength

The Conference Board of Canada, May 26, 2015
Recorded Webinar by
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Canada’s natural resources products are not the only things the world needs. Canada has ridden the commodity supercycle wave with gusto, but we are now at the dawn of a new era, in which high-value services are quietly accounting for some of Canada's strongest trade growth. Services are already very prevalent in the Canadian economy, with about 80 per cent of all jobs in services industries such as engineering and communications. In international markets, three out of the five fastest-growing Canadian exports over the last decade were services. Canada’s finance and insurance, management, and computer and information services exports increased more than 50 per cent in the last decade.

Despite this trend, there has been little study of services trade in Canada. The Conference Board's Global Commerce Centre has begun a research project on high-value services trade in Canada. Join Jacqueline Palladini for a discussion of recent trends in high-value services trade, Canada's emerging strengths in services, and the important role that services play in making Canada’s goods exports more competitive.

Webinar Highlights

 

Topics addressed in this 60-minute webinar include:

  • Why should Canada care about high-value services trade and how should firms think about growing their services exports? Directly or through Canadian foreign affiliates sales?
  • How are Canada's services exports currently faring, and where are the main markets?
  • What are some of the existing barriers to expanded Canadian trade in services?
  • How important are high-value services in supply chains?
  • What kinds of services enhance the competitiveness of our manufacturing exports?
  • How does Canada measure up against its peers in making use of these services in manufacturing processes and what are the implications?

About Jacqueline

Jacqueline Palladini is a Senior Economist and contributes to research on global trade and investment as part of the Global Commerce Centre. She specializes in analyzing global trends and their impacts on Canadian businesses, industries, and regional economies. She has experience developing forecasting models and conducting custom research, including economic impact analyses. Jacqueline recently completed a series of research on Canada’s trade opportunities in Asia.

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