Canada
MAPI Economic Consultant David Boisclair discusses recent economic and industrial conditions and provides forecasts for Canadian manufacturing through 2014. Following very weak growth last year, Canadian GDP growth is expected to accelerate in 2013. The expectation is for stronger growth in the...
Canada boasts the world’s third largest oil reserves, after Saudi Arabia and Venezuela. This standing rests on the country’s oil sands in the Western provinces of Alberta and Saskatchewan, the large-scale exploitation of which began a decade ago. The U.S. is currently the near-exclusive non-...
For the Canadian economy and its manufacturing sector, 2012 was a difficult year. Global headwinds and a weak domestic economy led to disappointing economic performance. For the manufacturing sector, growth rates, sales, and employment were feeble. Nevertheless, there is confidence that 2013 will...
Canada’s innovation performance is nothing to brag about. In 2012, the country lost its top 10 spot on the Global Innovation Index, ranking 12th. In spite of generous government programs to support R&D, a 2012 OECD report presented Canada as an R&D laggard, with business enterprise research...
David Boisclair explains why manufacturing production growth has recently decelerated in Canada and economists there are lowering their previously optimistic growth forecasts for the remainder of this year and next. The recession in Europe and slower growth in China and the United States have...
Quebec’s Plan Nord
With its Plan Nord, the Quebec government has committed to generating CAD 80 billion in investment over 25 years in the north of the province, including several billion public dollars to build core infrastructure and improve local socioeconomic conditions.[1] The area’s...
As the only G7 member that has fully recouped its GDP and employment losses sustained during the downturn, Canada has led the economic recovery among industrialized nations. As discussed in the Canadian Outlook, however, with commodity prices topping out and dimming prospects for global growth,...
In this report, MAPI Economic Consultant Jeremy A. Leonard examines trends in Canadian and U.S. federal corporate tax revenues and finds that the aggressive cuts in Canada’s rates since 2000 had no adverse effects on revenues. Statutory rates declined from 28 percent to 15 percent, bringing the...