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May 15, 2017

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Trade and Investment

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Canada in the Pacific Century

Trade agreement with ASEAN would boost Canadian economy, study finds

VANCOUVER, B.C. – May 15, 2017 – The Asia Pacific Foundation of Canada, the Business Council of Canada, and the Canada-ASEAN Business Council, in partnership with the Institute of Asian Research at the University of British Columbia, today unveiled, The ASEAN Advantage: Exploring Canada’s Trade Potential, a report on the feasibility of a Canada-ASEAN free trade agreement. Marking the 40th anniversary of the first formal meeting between Canada and the Association of Southeast Asian Nations (ASEAN), this comprehensive study provides detailed snapshots ...

April 27, 2017

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Trade and Investment

Total tax burden on large companies increases amid economic weakness, survey finds

At a time when Canada’s economy was under pressure from low energy and commodity prices, large corporations faced an average total tax burden of 37.5 per cent, the highest such rate in the four years the data has been collected, a new report by PricewaterhouseCoopers (PwC) shows. Conducted in partnership with the Business Council of Canada, the fourth annual edition of the PwC Total Tax Contribution study is based on data from 87 leading Canadian companies, including banks, insurance firms, retailers, ...

April 19, 2017

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Jobs and Skills

Business Council congratulates Toronto’s financial services sector for its commitment to boost opportunities for young Canadians

Canadian businesses are stepping up to help post-secondary students enter the workforce, with some of Toronto region’s leading financial services companies announcing an ambitious plan to provide 10,000 work-integrated learning placements by the end of 2020.   A joint initiative involving 10 members of the Toronto Financial Services Alliance (TFSA) and seven leading universities and colleges, the program – ASPIRE – seeks to help students transition from post-secondary education to the workplace while also addressing industry-identified skills gaps.   “The challenges facing businesses – including ...

April 7, 2017

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Trade and Investment

Business Council hails domestic free trade agreement

Canada’s business leaders welcome today’s announcement of an ambitious new intergovernmental agreement to promote trade and investment across provincial and territorial borders. “The Canadian Free Trade Agreement will dismantle barriers that for decades have restricted the free movement of goods, services, investment and workers within Canada,” said The Honourable John Manley, President and Chief Executive Officer of the Business Council of Canada. Founded in 1976, the Business Council is composed of the chief executives and entrepreneurs of 150 leading Canadian ...

March 22, 2017

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Macroeconomic and Fiscal

Business leaders urge federal government to adopt sharper focus on competitiveness

The 2017 federal budget offers a range of promising initiatives on innovation and skills development, but says surprisingly little about the overarching need to strengthen Canada’s economic competitiveness, the Business Council of Canada says. Overall, Finance Minister Bill Morneau’s second budget reflects a cautious, wait-and-see approach. The federal deficit is projected to rise from $23-billion in 2016-17 to $25.5-billion in 2017-18, before receding gradually over the rest of the government’s mandate. As a share of Gross Domestic Product (...

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