Economic & Innovation Outlook 2015: New Brunswickadmin February 4, 2017
659 Queen St
Fredericton, NB E3B 1C3
|The Honourable Brian Gallant, Premier of New Brunswick, will be joining us for a delegate address.|
What impact will fiscal restraint, a lower loonie, falling oil prices, new trade agreements and an aging demographic have on economic growth in Atlantic Canada?
Uncertainty about the U.S. and global economies continue to make the headlines, but fundamentals suggest that the U.S. recovery is still on track to a much better performance in 2015. The falling oil prices are shaking up the market and what effect this will have on the US oil renaissance is yet unknown. The steady growth in their GDP, along with a lower loonie, should help Canada’s exporters contribute to a more positive economic outlook for Canada. As well, the Canada European Union Trade Agreement will present numerous opportunities for Atlantic Canada and its geography gives it a competitive advantage in this area.
Which province will take the lead on the economic growth path and what does that mean for the future?
The Canadian economy did not perform well over the first few months of the year and is flirting with recession, but growth will pick up through the rest of 2015 and in 2016. A correction in oil prices having led to a severe downturn in the energy sector leaving Newfoundland in a challenging position. Prince Edward Island is experiencing success in manufacturing and with its immigration efforts. And near-term economic outlook is better for New Brunswick and Nova Scotia after years of sluggish growth and job losses.
First hear the Conference Board of Canada’s expertise in economic forecasting and analysis as they anticipate the future of Atlantic Canada and beyond. Joining them will be the Chief Economist for The Province of New Brunswick who will bring a regional perspective to the numbers and the dialogue. This panel will be moderated by Carolyn Booth, BMO’s Senior Vice President Atlantic Provinces.
The Economic panel will be followed by an industry panel of local leaders who will respond to the earlier presentations and provide some insight into their organizations and future plans. Come hear from local leaders about their solutions and strategies and what their companies are doing to take advantage of the current environment.
Following the panels, plan to join us for a complimentary workshop.
Hear highlights from The Conference Board of Canada’s flagship How Canada Performs report card that measures how well Canada, the provinces and territories are meeting the goal of creating a high and sustainable quality of life for all Canadians.
Hear Glen Hodgson touch on the Economy, Health and Education and Skills report cards released earlier in the year, and Dan Munro discuss the just-released Innovation report card–a crucial factor in Canada’s productivity and prosperity. With provincial report cards on Innovation prepared for the first time, we have an opportunity to discuss not only Canada’s performance relative to international peers, but to examine how well New Brunswick is doing on a range of innovation-related indicators. Glen and Dan will also identify areas where all stakeholders–government, businesses, educators and others–can act to improve innovation, productivity and prosperity in the province.
The Conference Board is renowned for its expertise in economic forecasting and analysis, and is recognized as one of Canada’s top economic forecasting teams. Take advantage of their expertise to anticipate and capitalize on the major forces affecting your organization and the up to date information to improve your strategies and business plans.