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The Conference Board of Canada
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The foremost independent, not-for-profit applied research organization in Canada.
The foremost independent, not-for-profit applied research organization in Canada.

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After nine years of running deficits, the Ontario government is on the verge of balancing its books. And it has done so without the heavy spending restraint that was projected in previous budgets. Thanks to solid economic growth, government revenues are coming in significantly higher in 2017–18 than had been forecast in last year’s budget. Meanwhile, continued low interest rates, as well as lower net debt levels, have allowed for significant savings on debt service costs.

Read more of our analysis of the 2017 Ontario budget: http://ow.ly/eBhn30bgU58

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A new report from The Conference Board of Canada estimates that increasing access to a new medication category to help manage high cholesterol in high-risk patients could avert hundreds of thousands of deaths due to heart disease and save up to $34.8 billion for the Canadian health care system and economy over the next 20 years.

Read more here: http://ow.ly/HycP30be5uF

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President Trump proposed large scale tax cuts for businesses and individuals today. If implemented it would represent dramatic tax reform in the United States, which would create significant competitiveness challenges for Canada. However, proposals are only recommendations. Congress has to agree and create the necessary legislation. The full extent of the proposals are likely fiscally unaffordable. Accordingly, more modest tax cuts are likely to be enacted that would pose less of a challenge for Canada. The worst case scenario would be large tax cuts paid for by a border adjustment tax, but that does not appear to be a likely outcome," says Craig Alexander, Senior Vice-President and Chief Economist, The Conference Board of Canada.

Read more insights here: http://ow.ly/7two30bcM1Y

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“Pharmacists are an integral part of the health care delivered to many Canadians,” said Louis Thériault, Vice-President, Industry Strategy and Public Policy, The Conference Board of Canada. “They could play an even greater role in ensuring the sustainability of the health care system, if we can further capitalize on their expertise as medication experts and expand the services they provide.”

Read our latest report on how expanding just three pharmacy services across Canada could result in $25 billion in savings to the Canadian health care system by 2035: http://ow.ly/6TD830b9CTm

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It’s Earth Day! As Canada works to reduce its greenhouse gas emissions, improvements must be made to the way we produce, transport, and consume energy. Our new Centre on the Low-Carbon Growth Economy aims to produce an actionable road map for use by all levels of government and key stakeholders on the low-carbon transition. The roadmap will act as a guide that can be implemented at a reasonable pace without sacrificing the environmental and social well-being of Canadians. Read more: http://ow.ly/mlf130b3PED
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Trade policy, particularly with the United States, has been a central driver of Canada’s economic evolution and wealth creation. Today, that stability is at risk under Donald Trump’s administration. The detailed Trump economic agenda is still forming, but arbitrary U.S. trade action would threaten Canadian economic interests. Retreating from free trade would be a disaster for Canada, which has built its wealth on selling, buying and investing with other countries. This latest op-ed by Glen Hodgson examines how to craft a successful trade policy in the age of Trump: http://ow.ly/vak830b3jsm

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“Given the frothy real estate price growth across the Greater Golden Horseshoe, policy action was needed to reduce the growing risks to the Ontario and National economy. More sustainable and moderate price growth is in the interests of buyers, sellers, the financial system and the economy. In recent years, the federal government has delivered several rounds of housing policy tightening that impacted real estate markets from coast-to-coast. The next logical step was regional policy actions where the imbalances are greatest. It was time for Ontario to act,” said Craig Alexander, Senior Vice-President and Chief Economist, The Conference Board of Canada. Read more insights on today's announcement: http://ow.ly/tWh030b1ib2
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Canada's Transport Minister The Honourable Marc Garneau spoke at our Automated Vehicles 2017 conference today in Toronto. His keynote presentation centered around Canada's leadership role in the innovative transportation sector. Garneau says disruptive technologies present huge challenges for the industries they affect, the businesses they displace, and the governments that need to regulate them. The time is now to start planning for a driverless vehicle future. https://youtu.be/bfx7BTlF2DM

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The unexpected results of the two major electoral events of 2016 in the U.K. and the U.S., highlight the social unrest underpinned by growing inequality. Income inequality, poverty, and gender equality are among the key issues garnering growing attention worldwide. Examining inequities is key to understanding what leads to the polarization of societies. How do Canada and its provinces compare to global peers on social outcomes? How does performance vary across the country?
Join Sheila Rao as she presents the findings of this year’s How Canada Performs report card on social performance and discusses how Canada has improved since last year, where it could do better, and how the provinces rank relative to one another and in a global context. Attendees will learn how the provinces and peer countries fare on indicators of equity, including income inequality, intergenerational income mobility, and the gender wage gap; and how they do on indicators of social cohesion, such as life satisfaction, crime, and voter turnout. Register here: http://ow.ly/XG0330aWWQn

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We are pleased to announce that we have been named one of the National Capital Region's Top Employers for the eighth consecutive year in a row. Find out why here: http://ow.ly/6t7g30aQ9Z5
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