Roadmap to Economic Recovery
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The document outlines an economic outlook and recovery roadmap for manufacturing in Canada. It discusses how exports and business investment will drive economic growth in 2011. Manufacturing remains an important part of the Canadian economy, accounting for 13% of GDP and 1.75 million jobs. The document recommends policies like corporate tax reductions and skills training to strengthen manufacturing competitiveness.
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Roadmap to Economic Recovery
- 1. Roadmap to Recovery Economic Outlook 2011 Clarington Board of Trade & Office of Economic Development May 30, 2011
- 5. Manufacturing Sales By Province (Oct 2008 – Oct 2009) Canadian Manufacturers & Exporters
- 6. Manufacturing Sales (June 2009 – June 2010) Canadian Manufacturers & Exporters
- 10. Manufacturers’ New Orders & Sales
- 11. Manufacturing Sales by Sector (October 2009 – October 2010)
- 12. Manufacturing Sales by Sector (October 2009 – October 2010)
- 18. Impact on Employment Federal Tax Rate Reductions between 2000 and 2010 Federal Tax Rate Reductions between 2007 and 2010 Rate Reduction from 18% in 2010 to 15% in 2012 Year of Estimated Impact 2010 2010 2012 Impact on After-Tax Profits + $16.5 billion + $7.0 billion + $6.2 billion Impact on After-Tax Profits as a Percent of GDP + 1.02 percentage points + 0.43 percentage points + 0.39 percentage points Impact on Canada’s Unemployment Rate - 0.68 percentage points - 0.29 percentage points - 0.26 percentage points Impact on Employment + 127,000 net jobs + 54,000 net jobs + 49,900 net jobs
Notes de l'éditeur
- This is the value of manufacturing output in Canada over the last 15 years. Point out: - Manufacturing shipments doubled between 1991 and 2000 - 30% of that growth was due to the falling dollar, about 5% because the US market grew more rapidly than Canada’s. The rest is due to the restructuring that took place in Canadian manufacturing. - Recession since 2000 - Impact of 9/11 - took a year to recover - Downward trend since early 2003 - impact of the higher dollar - Trough in August 2003 is what happens when you turn the power off for a day in Ontario - The trough in mid 1998 = impact of strike at brake plant in Saginaw Michigan - shut down GM supply chain. This shows how integrated the industrial market is, how complex manufacturing supply chains are, and how important the auto industry is - production dropped by 10% in 2 months, then recovered after strike ended
- Ontario LTEP EU – currently about 1/3 of EU supply is nuclear power – need for refurbishment
- - From 4700 MW at Present - NPCIL – Economic Times - http://articles.economictimes.indiatimes.com/2010-10-11/news/27616582_1_pressurised-heavy-water-reactors-fuel-cycle-indian-nuclear-society http://online.wsj.com/article/SB10001424052748704463804576290182832773712.html - b/c proposal to dispose of water into the sea after being used in cooling systems – tightening of safety standards