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Slowdown in Consumer Spending to Weigh on Canada’s Economic Growth

High debt levels, rising interest rates, and falling housing prices are leading to a pullback in the pace of consumer spending and overall economic growth in Canada. At the same time, the potential breakup of NAFTA and daily threats of new tariffs on a wide range of goods, including in the automotive sector, will weigh on Canada’s growth prospects this year. Overall, the Canadian economy is expected to grow in 2018–19.

Features

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Promoting Healthy Community Living Through Design

Being physically active, buying healthy foods, building and maintaining social relationships, biking or walking to work, and participating in recreational activity can all be influenced by the design features of communities and cities. Through design, the places where people live, learn, work, and play can be used to make healthy choices easier, contributing to a more prosperous society. We developed a practical tool for urban planners, architects, design professionals, and community stakeholders to help guide conversations and evaluate design decisions that promote community well-being.


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Over 9 Million Overseas Visitors Expected to Visit Canada in 2018

On the heels of solid growth in 2017, overseas visits to Canada are projected to increase by 6.7 per cent to reach over 9 million visitors this year. Travel from China is expected to get a boost from the Canada-China Year of Tourism, while Canada continues to see growth in the number of Mexican tourists following the lifting of visa requirements. Of the 10 Canadian cities covered in the Travel Markets Outlook, Vancouver will lead the way, with 8 million tourists expected this year.


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Community Pharmacies Make Significant Contributions to Canada's Economy

Community pharmacies provide health services to Canadians in a convenient retail setting, which contributes to improved individual and population health and creates efficiencies for the broader health care system. With nearly 10,500 community pharmacies in Canada, the total economic footprint of the sector is estimated at $16.1 billion in GDP and 247,100 jobs.


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Solid Growth Expected for Global Economy Despite Ongoing Concerns

Last year, a key feature of the global economy was synchronized growth, as all regions of the world were expanding at once for the first time in well over a decade. Although solid economic growth is expected this year, tensions continue to escalate as the U.S. imposes tariffs on many of its trading partners. Overall, the global economy is expected to expand at the same pace as last year but growth will ease as the year unfolds.


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Moving From Cyber Security to Cyber Resilience

Cyber incidents, intrusions, and attacks threaten organizations daily and are now virtually inescapable. Unlike cyber security, which is usually focused on protection, cyber resilience recognizes the inevitability of a successful cyber attack and the need for businesses to limit the impact, maintain critical functions, and quickly return to normal following an incident. This new briefing recommends key steps that organizations can take to move beyond cyber security and build their resilience to cyber attacks.


Image of a traffic sign reading Tariffs Just ahead  

U.S. Tariffs a Key Concern in Canada’s Parts and Vehicle Manufacturing Industries

Due to the extensive cross-border production network between the Canadian and U.S. automotive industries, Canadian vehicle manufacturers will feel the ramifications of the U.S. administration’s tariffs on imports of steel and aluminum. Additional pending tariffs could take a substantial bite out of production and export volumes in Canada’s parts and vehicle manufacturing sectors.



CBoC Highlights

Image of Pedro Antunes speaking on BNN Bloomberg
Image of Matthew Stewart speaking on CTV News
Pedro Antunes discusses the impact of an interest rate hike, the forecast for the Canadian economy for 2018 and 2019, and the state of Canada’s export sector in this interview with BNN Bloomberg. Matthew Stewart discusses the rising health care costs associated with Canada’s aging population in this interview with CTV News.

In This Issue

  • Slowdown in Consumer Spending to Weigh on Canada’s Economic Growth
  • Promoting Healthy Community Living Through Design
  • Over 9 Million Overseas Visitors Expected to Visit Canada in 2018
  • Community Pharmacies Make Significant Contributions to Canada's Economy
  • Solid Growth Expected for Global Economy Despite Ongoing Concerns
  • Moving From Cyber Security to Cyber Resilience
  • U.S. Tariffs a Key Concern in Canada’s Parts and Vehicle Manufacturing Industries

Previous Issues

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Webinars

Canada’s Economy in 2019: 5 Trends to Watch
Dec 18 at 11:00 AM

Canada 2030: Top 10 Megatrends Disrupting Business
Dec 18 at 2:00 PM

Solutions to Sustain Canada’s Labour Force
Jan 15 at 2:00 PM