Bulletin d’information thématique Thematic Information Bulletin

Vol. 2, no 10, déc. 2015

Vol. 2, no 10, Dec. 2015

ISSN 2292-518X

Intell-Echo

L’Observatoire d’information économique pour la cooperation régionale entre

le Canada atlantique et Saint-Pierre et Miquelon

The Economic Information Observatory for Regional Cooperation between

Atlantic Canada and Saint-Pierre and Miquelon

Stratégies de

développement

économique

Economic

Development

Strategies

Canada atlantique Atlantic Canada

Thematic Information Bulletin Vol. 2, no. 10, 2015, ISSN 2292-518X

Intell-Écho

Intell-Écho is a periodic bulletin published by the Economic Information Observatory, a regional cooperation project between Atlantic Canada and Saint-Pierre and Miquelon. The publication of this bulletin is made possible through the sponsorship of the Atlantic Canada Opportunities Agency in support of research initiatives, linguistic minorities and business development, and the Province of New Brunswick as well as the Université de Moncton, Shippagan Campus, and the Prefecture and Territorial Council of Saint-Pierre and Miquelon.

Editorial Production: Project Lead, Dr. Monica Mallowan, PROVIS Observatory, Université de Moncton, Shippagan Campus, Shippagan, NB, Canada. observatoirePROVIS@umoncton.ca © PROVIS Observatory 2015.

Information Policy: The aim of this project is to provide useful information to stakeholders seeking to promote regional cooperation between Atlantic Canada and Saint-Pierre and Miquelon. Information supplied herein may be used on the condition that the Intell-Écho be cited as a source.

Responsibility: The project team is not responsible for the information resources supplied in this bulletin (content, links, changes, updates, timeliness of statistical data) nor for decisions or actions undertaken based on information supplied herein.

Collaboration

Atlantic Canada Economic Information Observatory

In this issue:

Overview of the Economy in 2014 by Province

2

Overview of the Economy (cont.) 3

Economic Development and Innovation

4

Are you looking for business

opportunities in the region?

CACIMA and FCCC-AN

can facilitate your exploration and

partnership initiatives

(see contact details on p.9).

Atlantic Canada, 4 provinces:

Prince Edward Island (PEI) New Brunswick (NB) Nova Scotia (NS) Newfoundland and Labrador (NL)

Economic Development Strategies in Atlantic Canada

Economic development targets the economic prosperity and quality of life of a region’s

citizens or inhabitants through the policies, strategies, programs and measures promoted or

adopted by governments, organizations, municipalities and associations active at the

national, provincial, regional or local level.

Industry Portfolio: made up of 12 federal departments and agencies including Industry Canada

⇨Federal Economic Development Agency for Southern Ontario

⇨Canadian Space Agency

⇨Business Development Bank of Canada

⇨Council of Canadian Academies

⇨Copyright Board of Canada

⇨CSA Group

⇨Social Sciences and Humanities Research Council

⇨Natural Sciences and Engineering Research Council of Canada

⇨National Research Council Canada

⇨Science, Technology and Innovation Council

⇨Destination Canada

⇨Canada Foundation for Innovation

⇨Pierre Elliott Trudeau Foundation

⇨Genome Canada

⇨Competition Tribunal

⇨Industry Canada

⇨Statistics Canada

National level: Government of Canada, Throne Speech (Dec. 4, 2015) The objectives announced included stimulating and supporting economic growth, job creation and economic prosperity; openness and transparency; and environmental protection.

Strategies targeted: ⇨ Tax cuts, a strong and growing middle class

⇨ Support for low and middle-income families

⇨ Economic growth through:

⇨ Strategic investment in clean technologies

and more support for companies seeking to

export related technologies

⇨ Significant investment in public transit, green

infrastructure and social infrastructure

⇨ Enhanced Canada Pension Plan,

strengthened Employment Insurance system,

more affordable post-secondary education and a

new cross-Canada Health Accord

Mandate of Industry Canada / Minister of Innovation, Science and Economic Development; Minister of Science; Minister of Small Business and Tourism: a stronger, more competitive, knowledge-based Canadian economy through investment, innovation, deployment on global markets and competition promotion. Key strategies:

Growth and competitiveness – supporting businesses in becoming increasingly innovative and productive through training and skills acquisition, exploration of ideas and identification of development opportunities across the country Competition and prosperity – advancing the marketplace through economic framework policies that promote competition, innovation, investment and entrepreneurship Knowledge and wealth creation – enhancing the knowledge-based economy through knowledge creation, training and skills acquisition by investing in science and technology

Page 2 Intell-Écho, 2, 10, 2015

Collaboration

Agriculture (3.5)

Natural resources (2.3)

Public services (0.4)

Construction (5.1)

Manufacturing (6.2)

Trade (11.1)

Transportation & warehousing (2.1)

Finance, insurance, real estate (2.5)

Prof., scientif. & tech. svcs. (3.3)

Business services (2.7)

Education (5.4)

Health & social assistance (10.1)

Information, culture, recreation (2.3)

Accommodation & food (6.2)

Other (3.1)

Public administration (7.1)

PEI

Ind

ust

ry s

ize

by

000’

s o

f jo

bs

(No

vem

ber

201

5)

⇨ PEI’s GDP reached $6.003 billion in 2014, up 1.3% over the previous year, compared to a 2.2% increase in 2013

⇨ manufacturing production grew by 9.1% in 2014 due mainly to the expansion of food production

⇨ crop production posted a 5.9% hike ⇨ the construction sector shrank by 6.0% ⇨ services production also posted slight (+0.8%) growth attributable primarily

to the tourism and retail and wholesale trade sectors

⇨ support and stimulate economic growth, notably by promoting trade and export (PEI’s international export volume topped the $1 billion mark for the first time in 2014; exports to China were up by 225%)

⇨ encourage domestic and international investment in the region ⇨ provide greater support to the agri-food, bioscience, ICT and aerospace

sectors ⇨ stimulate and support entrepreneurial activity driven by small and medium-

sized enterprises

Agriculture (3.9)

Natural resources (11.3)

Public services (3.6)

Construction (26.0)

Manufacturing (28.9)

Trade (56.0)

Transportation & warehousing (20.7)

Finance, insurance, real estate (14.9)

Prof., scientif. & tech. svcs. (15.6)

Business services (18.0)

Education (26.3)

Health & social assistance (53.8)

Information, culture, recreation (11.1)

Accommodation & food (23.7)

Other (15.9)

Public administration (22.7)

⇨ government focus on public finance reform, provincial economic growth and job

creation, and strategic investment targeting health, education and families

⇨ two new structures: Opportunities NB and the new Service NB

⇨ maintenance of tax cuts for small business

⇨ support of the forest industry and investment in infrastructure and in the maple

syrup and blueberry industries

⇨ $68 million investment in the Port of Saint John Ind

ust

ry s

ize

by

000’

s o

f jo

bs

(No

vem

ber

201

5)

NB

Overview of the economy in 2014

Economic development initiatives and strategies

Overview of the economy in 2014

Economic development initiatives and strategies

⇨ after a slight (0.6%) downturn in 2013, the GDP of NB remained more or less

constant in 2014 at $32.056 billion

⇨ mining, quarrying, and oil and gas extraction declined by 10%

⇨ manufacturing production also posted a 3.6% decline (although increases were

noted in seafood preparation, meat product manufacturing, wood product

manufacturing and non-metallic mineral product manufacturing)

⇨ electric power generation, transmission and distribution activities grew by 4.9%

⇨ the construction sector shrank by 1.6%

⇨ wholesale trade was down by 5.3% (petroleum products)

⇨ the services sector grew by 0.5% (retail trade, office administrative services,

accommodation and food services)

Page 3 Intell-Écho, 2, 10, 2015

Collaboration

NS

Ind

ust

ry s

ize

by

000’

s o

f jo

bs

(No

vem

ber

201

5)

Agriculture (5.7)

Natural resources (11.4)

Public services (3.8)

Construction (34.1)

Manufacturing (30.5)

Trade (71.3)

Transportation & warehousing (20.7)

Finance, insurance, real estate (24.0)

Prof., scientif. & tech. svcs. (25.9)

Business services (19.2)

Education (35.6)

Health & social assistance (73.8)

Information, culture, recreation (16.6)

Accommodation & food (29.8)

Other (18.7)

Public administration (27.8)

⇨ NS’s GDP grew by 1.6% in 2014 (compared to 0.4% in 2013) to reach $39.077 billion

⇨ this increase is due notably to strong production in the energy sector, which posted 24% growth

⇨ fishing, hunting and trapping were also up by 11% ⇨ manufacturing production grew by 0.2% (primarily chemical manufacturing,

seafood preparation, wood product manufacturing and ship and boat building)

⇨ the construction sector posted a 4.0% decrease ⇨ services grew by 1.1% (retail and wholesale trade, transportation and

warehousing, and financial services and insurance)

⇨ subsequent to the report “One NS: Shaping our New Economy Together” (Ivany report) from the NS Commission on Building Our New Economy in 2014, the “ONE Nova Scotia” coalition issued the “We Choose Now” report in 2015 to define major strategic directions for the economy over the next 10 years ⇨ strategic development focuses identified: education and youth; universities and NSCC as innovation hubs; immigration and demographics; new technologies; going global (markets, exports, innovation and competitiveness); ocean and resources

NL Agriculture (1.1)

Natural resources (15.0)

Public services (2.2)

Construction (23.4)

Manufacturing (11.2)

Trade (43.1)

Transportation & warehousing (8.9)

Finance, insurance, real estate (8.6)

Prof., scientif. & tech. svcs. (11.4)

Business services (7.7)

Education (14.6)

Health & social assistance (38.4)

Information, culture, recreation (7.2)

Accommodation & food (14.3)

Other (13.0)

Public administration (15.5)

Ind

ust

ry s

ize

by

000’

s o

f jo

bs

(No

vem

ber

201

5)

⇨ the GDP of NL decreased by 2.9% in 2014 (versus a 7.3% increase in 2013) to stand at $33.514 billion (this contraction is attributable to a drop in exports)

⇨ goods production decreased by 6.6% (notably metal ore extraction, energy, construction and public services)

⇨ spending on non-residential building construction, however, posted a 21.1% increase during the same period

⇨ services grew by 1.0% and domestic demand by 1.6%

Note: following a provincial election in November 2015, the new government will

take power in December 2015 and announce its priorities over the subsequent days

and weeks

⇨ strategic objectives identified: economic diversification; job creation; and

economic growth

⇨ tax system overhaul including a decrease in the Harmonized Sales Tax (HST)

and cost-cutting measures for government and taxpayers

⇨ focus on electric energy, energy security and management of surplus electrical

power

⇨ emphasis on natural resources (oil; gas; mining, forest and ocean resources)

Economic development initiatives and strategies

Economic development initiatives and strategies

Overview of the economy in 2014

Overview of the economy in 2014

Collaboration

Page 4 Intell-Écho, 2, 10, 2015

4, boulevard Constant Colmay BP 4207 97500 Saint-Pierre & Miquelon From Canada: Tel.: 0 11 508 41 05 30 From France: Tel.: 05 08 41 05 30 E-mail: intell-echo@cacima.fr Web: http://cacima.fr/blog

If you are seeking business

opportunities in this region,

CACIMA and FCCC-AN can

facilitate your business prospection

process and help with

establishing new partnerships

333 Acadie Avenue Dieppe NB E1A 1G9

From Canada: 1 506 877 5014 From France: 00 1 506 877 5014 E-mail: direction@ccfcra.ca Web: www.ccfcra.ca

Principal sources of information used in this bulletin: Industry Canada; Statistics Canada; PEI, NB, NS and NL government websites; information banks; specialized associations; media sources

Links of interest if you are seeking to do business in Atlantic Canada: see table on page 1

KNOWLEDGE-BASED ECONOMY

(Information, knowledge, know-how)

Innovation ecosystems

(Support, mobilization, industry, R&D, networking)

Research > innovation > creation > ideation

“Numerous studies have demonstrated the importance of information as a competitive advantage for organizations and territories. Both intangible and infinite, this new ‘raw material’ creates added value as long as its processes, formats and transformations are achieved through application of specialized methods and tools. Where information is viewed as an organizational resource, a competitive intelligence strategy has proved to be one approach to understanding change in the corporate, institutional and territorial environments. Consisting of the various watch focuses – systematic informational and knowledge and expertise management investigation, knowledge management and protection, and targeted support actions in the form of government measures and dedicated project engagement – competitive intelligence represents a social dynamic subject to theorization beginning only relatively recently but which has always been present in group interaction, whether formal or informal. This is the

reference framework supporting the scientific alignment of informational projects which is now incorporated into regional cooperation actions.”

(Mallowan, M., “Le savoir organisé, quel transfert, quelle action? Étude de cas” [“Organized Knowledge: What Transfer? What Action? A Case Study”]

International scientific conference “Connaissances et Information en Action”, ESPÉ Aquitaine, University of Bordeaux, France, 2014)

Economic Development and Innovation

Information Strategies for Development

Excerpt from the Minister of Innovation, Science and Economic Development mandate letter (Nov. 13, 2015):

“… Develop an Innovation Agenda that includes:

expanding effective support for incubators, accelerators, the

emerging national network for business innovation and cluster support,

and the Industrial Research Assistance Program. These investments

will target key growth sectors where Canada has the ability to attract

investment or grow export-oriented companies. You will assist the

Minister of Finance to ensure tax measures are efficient and encourage

innovation, trade and the growth of Canadian businesses; and

working with Regional Development Agencies to make strategic

investments that build on competitive regional advantages. For

those communities that have relied heavily on one sector in the

past for economic opportunities, investments that support transition

and diversification may be appropriate. Communities that have

relied on traditional manufacturing are likely to require specific

strategies to support economic growth. …”

(http://pm.gc.ca/eng/minister-innovation-science-and-economic-development-mandate-letter)

Tous droits réservés © Copyright 2015

Collaboration

Intell-Écho Bulletin d’information thématique │Thematic Information Bulletin

Publication de l’Observatoire d’information économique (OBS-IE) pour

la coopération régionale entre

le Canada atlantique et Saint-Pierre et Miquelon, France

Publication of the Economic Information Observatory (EI-OBS) for

Regional Cooperation between

Atlantic Canada and Saint-Pierre and Miquelon, France