The Bank of Canada’s recent rate cut will offer a measure of relief for the Canadian economy, with a gradual recovery expected to extend throughout the year, according to new research from The Conference Board of Canada. Real GDP is forecast to increase by 1.8 per cent on an annualized seasonally adjusted basis in the last half of … Read more
Canada must unlock private sector investment and foster a more competitive business environment to enhance productivity growth and secure long-term prosperity, according to new research from The Conference Board of Canada. “Canada’s productivity has lagged behind its peers for years, but with the recent steep downturns in performance, concerns have intensified,” said Pedro Antunes, Chief Economist at The … Read more
The absence of standardized regulations and governance over cross-border data flows has created a complex and unpredictable landscape that, if not addressed, poses risks to Canada’s economic growth, according to new research from The Conference Board of Canada. “The digital economy relies on the seamless movement of data across borders,” stated Michael Burt, vice president at The Conference … Read more
Canada faces a substantial housing shortage which has led to rapid increases in house prices and rental rates, and while steps have been taken to relieve pressure on these issues, a more concerted effort is needed to address shortages and affordability, according to new research from The Conference Board of Canada. “Population growth is a major factor, but … Read more
Extended wait times for screening, diagnostics and treatment for children can have severe repercussions on the health and well-being outcomes for Canada’s youth. No Child Elects to Wait, a new report for Children’s Healthcare Canada (CHC) by The Conference Board of Canada, finds that overdrawn timelines add significantly to healthcare system costs, and negatively impact children’s … Read more
Canadian provinces will be weighed down by various common pressures impacting growth throughout the rest of 2023 and into 2024, but localized factors will help some realize stronger GDP growth than others, according to new research from The Conference Board of Canada. “Consumer spending defied expectations earlier in the year, but the pool of savings that buoyed Canadians … Read more
As the United States and Europe look to shore up supply chain vulnerabilities stemming from the challenges realized during the pandemic, Canada is well positioned to benefit from these moves, according to new research from The Conference Board of Canada. “Canadian trade has largely been determined by the forces of globalization and has been critical to meeting the broad … Read more
The Conference Board of Canada’s latest Canadian outlook calls for economic output to slow to a near standstill over the next three quarters. Real GDP growth of just 1.2 per cent is forecast for 2023, followed by a modest rebound of 2.7 per cent for 2024. This follows an estimated 3.0 per cent gain in 2022, as … Read more
With communities beginning to reopen, there are reasons for optimism in Canada’s Territories as they emerge into a post-pandemic world. The Conference Board of Canada forecasts that all three territorial economies will see real GDP rebound strongly, collectively growing 12.3 per cent in 2021 and 3.1 per cent in 2022. “Strong vaccination rates, paired with new mining productions, large construction projects and an easing of on … Read more
The Conference Board of Canada’s senior economist Richard Forbes issued a statement: “Today’s Statistics Canada release showed that retail sales fell 5.7 per cent in April, posting their first decline since December of last year. With provincial governments implementing more stringent lockdown measures throughout the month, the results are hardly surprising,” he said. “While we … Read more
