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Signal49 Research is Canada’s foremost independent applied research organization, delivering rigorous, unbiased, evidence-based insights to help Canadians navigate complex challenges. Each year, we publish over 500 research outputs, offering trusted data, forecasts, and analysis to inform decision-making and drive progress.

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We are an independent, non-partisan, not-for-profit organization guided by the public interest and committed to real-world impact. We create rigorous, evidence-based research that leaders can trust to inform confident decision-making. A proudly Canadian organization, we focus on understanding the country’s most pressing challenges and advancing prosperity and wellbeing for all who live here.

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Latest Research by Topic

Discover the latest data, analysis, and commentary from our economists and researchers on the most urgent issues facing communities, organizations, and the country.

Labour Markets Still Searching for Momentum

Employment was largely unchanged in October, following consecutive declines in August (-42,000) and September (-68,000). The unemployment rate edged up 0.2 percentage points to 6.7 per cent, while the employment…

Index of Consumer Spending for July 2026

Gasoline Prices Prop Up July Consumer Spending Canada’s Index of Consumer Spending stood at 126.0 in July 2026, a decline of 1.7 points from June. Higher prices rather than higher…

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Index of Consumer Confidence for October 2026

Confidence Slipped Further in October Persistent economic uncertainty and a tepid labour market continue to weigh on consumer confidence. As a result, many consumers are still reluctant to make major…

Bank of Canada Raises Overnight Rate

The Bank of Canada raised the overnight rate by 25 basis points to 2.50 per cent, the Bank Rate to 2.75 per cent, and the deposit rate to 2.45 per…

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Canadian Hiring Index for October 2026

The Hiring Pipeline Continued to Thin in September This month’s hiring index shows a dip in job postings and a job market that continued to lose steam across most provinces,…

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Canadians’ Inflation Expectations for September 2026

One-Year Expectations Rise Across Canada The average one-year inflation expectation in Canada rose to 3.4 per cent in September 2026 from 3.2 per cent in August. The average three-year inflation…

Labour Markets Still Searching for Momentum

Employment was largely unchanged in October, following consecutive declines in August (-42,000) and September (-68,000). The unemployment rate edged up 0.2 percentage points to 6.7 per cent, while the employment…

Federal Budget 2026: Betting that Deficits will Payoff in the Future

Français Budget 2026 is the next step in the government’s plan to boost capital investment in exchange for steep deficits. Key findings on the 2026 federal budget Despite a revenue…
Series:Trade

Commodity Strength Offsets Broader Export Weakness

Canada’s merchandise exports rose 0.2 per cent in September. Meanwhile, imports were down 0.3 per cent. As a result, Canada’s merchandise trade surplus widened from $5.0 billion in August to…

GDP Flat Again in August

Real gross domestic product (GDP) was essentially unchanged in August, for the second consecutive month, as 11 of the 20 industrial sectors saw a decline or no growth. The services-producing…

AI on the Horizon: October 2026

The budget bankrolling the AI for All strategy Canada’s latest AI news on the economy, society, and policy. In this issue of AI on the Horizon, we look ahead to…

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Housing Market Update for October 2026

Easing Home Sales Stumble While Rental Apartment Construction Supports Housing Starts This month, we describe a significant weakening of Canadian resale market but a jump in housing starts. What is…

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Quebec’s Travel Markets Outlook—July 2026

La Belle Province Is Playing to Its Strengths Travel volumes to Quebec are expected to improve in 2026 after a slowdown in U.S. visitors held back the province’s tourism industry…

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Ontario’s Travel Markets Outlook—July 2026

Home Travel Leads as Global Demand Rebuilds Ontario’s travel market faces positive conditions over the outlook, in the near term receiving a continued domestic boost spurred by Canadians’ pivot away…

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Saskatchewan’s Travel Markets Outlook—June 2026

Shift Toward Canada Supports Tourism Growth in Saskatchewan This quarter we look at Saskatchewan’s travel and tourism sector and the effects of a decline in domestic overnight visits, reduced population…

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Prince Edward Island’s Travel Markets Outlook—June 2026

Pickup in Global Visits Signals New Highs Tourism to Prince Edward Island will continue to grow rapidly in 2026, fuelled by a bounce-back in international visitation. This growth will continue…

Neurodivergent Work-Integrated Learning—October 2026

Fostering Neurodivergent Talent: Participation, Barriers, and Experiences in Work-Integrated Learning This research examines neurodivergent learners’ experiences with work-integrated learning programs: learners’ awareness of programs and perceived value; participation rates; neurodivergence…

STEM-Trained Women in Critical Industries—July 2026

Act Now or Fall Behind: Mobilizing STEM-Trained Women to Strengthen Critical Industries In this research, we examine what motivates STEM-trained women and men to pursue careers in the key sectors…

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HR Spotlight Series: Promotions Shape Women’s Careers—June 2026

Spotlight on The Broken Rung: How Early Promotion Shapes Women’s Careers We look at the barriers women face along the pathway to leadership roles in employment and how the gap…

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HR Spotlight Series: Workplace Design to Retain Women—June 2026

Spotlight on Rethinking Retention: Workplace Design That Encourages Women to Stay Spotlight on Rethinking Retention: Workplace Design That Encourages Women to StayWomen’s retention is one of the most serious—and most…

Neuroinclusive Work‑Integrated Learning—May 2026

Pathways to Careers: Advancing Neuroinclusive Work‑Integrated Learning in Higher Education In this research, we will explore how work-integrated learning (WIL) can be designed to be more inclusive. WIL can provide…

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Benefits Benchmarking: Designing Competitive Programs—April 2026

Benefits Benchmarking 2026: Insights for Designing Competitive Benefits Programs Benefits Benchmarking 2026: Insights for Designing Competitive Benefits Programs summarizes the results of our Benefits Benchmarking 2025 survey. The findings are…
Series:Trade

Commodity Strength Offsets Broader Export Weakness

Canada’s merchandise exports rose 0.2 per cent in September. Meanwhile, imports were down 0.3 per cent. As a result, Canada’s merchandise trade surplus widened from $5.0 billion in August to…
Series:Trade

A Strong Trade Month, but Clouds are Gathering

Canada’s merchandise exports rose 2.5 per cent in August. Meanwhile, imports were down 2.0 per cent. As a result, Canada’s merchandise trade surplus widened from $787 million in July to…
Series:Trade

Exports Fall for the First Time in Six Months

Canada’s merchandise exports fell 2.3 per cent in July. Meanwhile, imports were up 2.2 per cent. As a result, Canada’s merchandise trade surplus narrowed from $4.2 billion in June to…

Rates Unchanged as Bank Weighs Tariff and Energy Risks

The Bank of Canada held the overnight rate at 2.25 per cent, the Bank Rate at 2.50 per cent, and the deposit rate at 2.20 per cent, the seventh consecutive…

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U.S.’s Five-Year Outlook—August 2026

Confronting Slower Growth The U.S. economy ended 2025 on a weak note, with growth whipsawing in response to drastic changes in trade policy and the longest government shutdown on record….
Series:Trade

Strong Trade Performance Despite External Headwinds

Canada’s merchandise exports rose 0.4 per cent in June. Meanwhile, imports were up 0.2 per cent. As a result, Canada’s merchandise trade surplus widened from $3.7 billion in May to…

Evaluating DORAs for Chronic Insomnia—November 2026

Evaluating DORAs for Chronic Insomnia: Clinical, Economic, and Patient Perspectives on Treatment Value In this research, we look at the economic and health impacts of chronic insomnia—its individual and societal…

Artificial Intelligence for Drug Discovery—October 2026

Innovation and Technology Spotlight: Artificial Intelligence for Drug Discovery This spotlight explores the emerging role of artificial intelligence (AI) in drug discovery and examines Canada’s position within this rapidly evolving…

Economic Impact of Genomics in Canada—September 2026

Canada’s Genomics Advantage: The Economic Impact of Genomics in Canada This research examines genomics’ contribution to Canada’s economy. Cutting‑edge technologies and innovations are benefiting multiple sectors, including public health, food…

Canada Health Workforce Turnover & Migration Costs—August 2026

Retention in Healthcare: Migration Costs and System Perspectives The movement of health professionals within Canada and internationally has measurable implications for health system capacity, workforce planning, and public investment. This…

The Care Economy

Française à suivre Future Skills Centre Podcast: Season 6, Episode 3 Listen on Apple Podcasts Listen on Spotify All Future Skills Episodes In this episode of the Future Skills Podcast,…

Economic Footprint of Canada’s Pharmacy Sector—June 2026

The Economic Footprint of Canada’s Pharmacy Sector: Fuelling Health and Local Economies In this research, we examine the economic footprint of Canada’s pharmacy sector, including its contribution to GDP, employment,…

Measuring Municipalities’ Absorptive Capacity—October 2026

Measuring Immigration’s Impact on Municipalities: The Absorptive Capacity Index Canadian municipalities differ in their capacity to successfully integrate immigrant populations. Identical levels of immigration can generate positive outcomes in some…

The Immigration–Labour Alignment Tracker—September 2026

Aligning Immigration with Canada’s Labour Market: The Immigration–Labour Alignment Tracker Immigration selection plays a key role in aligning the skills and talent of immigrants with Canada’s workforce need. Using industry-level…

Immigrants in Canada’s Skilled Trades—July 2026

Immigrants in Canada’s Skilled Trades: Untapped Talent Amid Growing Demand We conducted a literature review to understand the current representation of immigrants in the skilled trades and the challenges Canada…

Absorptive Capacity and Sustainable Immigration Policy—July 2026

How Canada Can Chart a Sustainable Path: Absorptive Capacity and the Future of Canadian Immigration Policy In this primer, we analyze the results of a review of relevant Canadian literature…

Unlocking Immigrant Talent in the Skilled Trades—June 2026

Unlocking Skilled Immigrant Talent: Why So Few Skilled Trades Immigrants Certify in Their Intended Occupation In this research, we look at the persistent labour shortages in Canada’s skill trades. Canada’s…

Immigrant Skill Utilization in the Hospitality Sector—April 2026

From Newcomers to Game Changers: Immigrant Skill Utilization in the Hospitality Sector Immigrants are more likely than Canadian-born workers to be overeducated for their jobs in hospitality. However, many employers…

Supporting Indigenous Community Health Workers: Lessons from Ontario and Alaska

Française à suivre Future Skills Centre Podcast: Season 6, Episode 5 (Bonus) Listen on Apple Podcasts Listen on Spotify All Future Skills Episodes In this bonus episode of the Future…

A Framework for Indigenous Export Readiness—June 2026

The 3Ds of Indigenous Export Readiness: Demonstration, Durability, and De-risking in Practice This study explores how Indigenous small and medium-sized enterprises (SMEs) in Canada develop the skills and capabilities required…

Indigenous Community Health Workers in Canada—May 2026

Training to Retain: Strengthening the Role of Indigenous Community Health Workers in Canada Indigenous community health workers play a critical role in rural and remote Indigenous communities, where healthcare access…

Indigenous-Led Education Infrastructure—May 2026

Mamawmatawa Holistic Education Centre: An Indigenous-Led Model for Education Infrastructure Development This spotlight examines Mamawmatawa Holistic Education Centre (MHEC) in Constance Lake First Nation, which comprises elementary and secondary schools…

Indigenous Economic Realities: $104-billion Opportunity—April 2026

Indigenous Economic Realities: A $104-Billion Opportunity for Indigenous Economic Involvement From coast to coast to coast, Indigenous peoples are showing how project development can be done differently. They are building…

GDP Flat Again in August

Real gross domestic product (GDP) was essentially unchanged in August, for the second consecutive month, as 11 of the 20 industrial sectors saw a decline or no growth. The services-producing…

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Housing Market Update for October 2026

Easing Home Sales Stumble While Rental Apartment Construction Supports Housing Starts This month, we describe a significant weakening of Canadian resale market but a jump in housing starts. What is…

Retombées économiques de la mise en service d’une centrale nucléaire EC6 en Saskatchewan

English Principales conclusions La mise en service d’une centrale nucléaire à deux réacteurs Enhanced CANDU 6 (EC6) en Saskatchewan injecterait 45,9 milliards de dollars (en dollars de 2026) dans le PIB…

Economic Impacts of Deploying a CANDU EC6 Nuclear Reactor in Saskatchewan

Français Key Findings Deploying a two-unit CANDU EC6 reactor in Saskatchewan would generate $45.9 billion (2026 $) in Canadian GDP over its 71-year project lifecycle. Local procurement strategies and the…

GDP Flat in July

Real gross domestic product (GDP) was essentially unchanged in July, following a 0.4 per cent rise in June, as both goods-producing and services-producing industries did not see much movement in…

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Industry Lens: Insurance—September 2026

Upward Price Pressures Shaping Prospects Many industries are struggling to find their way in the current environment of elevated uncertainty and heightened risks. But for an industry that puts a…

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Labour Relations Outlook 2027—November 2026

Labour Relations Outlook 2027: Stable Relationships, Tougher Negotiations In this research, we present our forecast for unionized wage increases in 2027, including base pay increases and short-term incentive payouts. We…
Subject Matter: Salary Research
12 min read

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Labour Relations Outlook Executive Slide Deck—November 2026

Labour Relations Outlook 2027: Stable Relationships, Tougher Negotiations–Slide Deck In this slide deck, we provide the key findings from Labour Relations Outlook 2027: Stable Relationships, Tougher Negotiations, which examines bargaining…

Inclusion and Workforce Innovation: Advancing Equity and Opportunity

Française à suivre Future Skills Centre Podcast: Season 6, Episode 6 Listen on Apple Podcasts Listen on Spotify All Future Skills Episodes In this episode of the Future Skills Podcast,…

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Compensation Planning Outlook—September 2026

Compensation Planning Outlook 2027: Data to Support Competitive Pay Decisions This research summarizes the results of Signal49’s annual Compensation Planning Survey, providing valuable benchmarks for understanding how employers across Canada…

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Compensation Planning Dashboard—September 2026

Compensation Planning Outlook 2027 Dashboard We look at the latest benchmarking data from Signal49’s Compensation Planning Outlook 2027 survey, including salary increase budgets for the current and upcoming years, projected…

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Compensation Planning Executive Slide Deck—September 2026

Compensation Planning Outlook 2027: Data to Support Competitive Pay Decisions—Slide Deck In this slide deck, we provide the key findings from our Compensation Planning Outlook 2027 survey, including pay forecasts,…

Ontario Fall Economic Statement 2026: A Longer Road to Balance, a Bigger Bet on Investment

Ontario’s fall economic statement revealed a steeper-than-expected deficit for fiscal year 2026-27. The province’s shortfall is now projected at $16.9 billion, up from the $13.8 billion forecast in Budget 2026….

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Provincial Fiscal Outlook—October 2026

Fortunes Diverge How much fiscal flexibility do Canada’s provinces have to weather trade uncertainty, demographic shifts, and rising costs? Which provinces are best positioned to manage their deficits and debt—and…

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Quebec’s Five-Year Outlook—October 2026

Trade Uncertainty and Demographic Pressures Quebec’s economy faces a difficult near-term environment and a gradual shift toward more structural forces over the medium term. Continued weakness is on tap in…

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Saskatchewan’s Five-Year Outlook—October 2026

Digging Into the Next Growth Cycle Saskatchewan’s economy is expected to maintain steady growth despite ongoing trade tensions with the United States and broad geopolitical headwinds, with real GDP forecast…

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Newfoundland and Labrador’s Five-Year Outlook—September 2026

Population Dynamics Reshape Growth Outlook Newfoundland and Labrador’s real GDP is set to rise by a robust 3.7 per cent in 2026, beating last year’s 3.6 per cent gain and…
13 min read

Neurodivergent Work-Integrated Learning—October 2026

Fostering Neurodivergent Talent: Participation, Barriers, and Experiences in Work-Integrated Learning This research examines neurodivergent learners’ experiences with work-integrated learning programs: learners’ awareness of programs and perceived value; participation rates; neurodivergence…

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Defence Skills Trends—October 2026

The Force Behind the Force: Defence Skills Trend In this research, we examine job posting trends for occupations in defence and defence-related industries from 2023 to the first half of…

PSE Student Experiences With Generative AI—September 2026

AI Adoption Outpaces Readiness: Student Experiences With Generative AI in Canadian Post-Secondary Education With AI becoming increasingly embedded in education and the workforce, this research summarizes the results of Signal49’s…

Inclusion and Workforce Innovation: Advancing Equity and Opportunity

Française à suivre Future Skills Centre Podcast: Season 6, Episode 6 Listen on Apple Podcasts Listen on Spotify All Future Skills Episodes In this episode of the Future Skills Podcast,…

Canada’s Skills and Training Ecosystem—August 2026

Unlocking Canada’s Skills Potential: Training Pathways, Participation, and Outcomes Beyond Post-secondary To examine how learners engage with Canada’s skills and training ecosystem, we surveyed 505 learners whose most recent training…

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Higher Education Trend Report: Student Finance—August 2026

Higher Education Trend Report: Student Finance In this data dashboard, we examine the state of student finance in Canada’s post-secondary education sector over a decade, including debt exposure and sources…

Two Years Later: What Jasper’s Recovery Can Teach Canada About Building Resilient Communities

Two years ago, the Jasper wildfire altered one of Canada’s iconic mountain communities as homes were lost, businesses closed and residents displaced. The fire damaged infrastructure, but it also disrupted…

Skills for Canada’s Nuclear Energy Value Chain—August 2026

Built From Within: Skills for Canada’s Nuclear Energy Value Chain This web page introduces an upcoming study from Signal49 Research on how innovation in nuclear technologies will reshape skills demand…

Comparison of Nuclear Energy Regulatory Efficiency—June 2026

Time to Build: Nuclear Energy Regulatory Efficiency in Canada, United States, and France In this research, we examine Canada’s nuclear energy regulatory timelines and how we compare with the United…

A Socio-economic Lens on Jasper’s Disaster Recovery—June 2026

Recovering Jasper: Understanding Disaster Recovery Through a Socio-economic Lens This research draws on interviews conducted between September 2025 and January 2026 with government agencies, non-governmental organizations, local businesses, and community…

Climate-Resilient and Affordable Housing in Canada—May 2026

Under One Roof: (Re)building Climate Resilient and Affordable Housing in Canada In this research, we evaluate the exposure of Canada’s social and affordable housing units to floods and large wildfires….

A New Era in Energy in Canada with Mark Parsons and Pedro Antunes

Leadership Perspectives: Economic Matters, Episode 23 Listen on Apple Podcasts Listen on Spotify All Leadership Perspective Episodes In this episode we explore the changing relationship around energy and potential for…

AI on the Horizon: October 2026

The budget bankrolling the AI for All strategy Canada’s latest AI news on the economy, society, and policy. In this issue of AI on the Horizon, we look ahead to…

Artificial Intelligence for Drug Discovery—October 2026

Innovation and Technology Spotlight: Artificial Intelligence for Drug Discovery This spotlight explores the emerging role of artificial intelligence (AI) in drug discovery and examines Canada’s position within this rapidly evolving…

PSE Student Experiences With Generative AI—September 2026

AI Adoption Outpaces Readiness: Student Experiences With Generative AI in Canadian Post-Secondary Education With AI becoming increasingly embedded in education and the workforce, this research summarizes the results of Signal49’s…

AI on the Horizon: September 28, 2026

Is Canada ALL IN? Canada’s latest AI news on the economy, society, and policy. In this issue of AI on the Horizon, we look at Canada’s recent ALL IN AI…

Economic Impact of Genomics in Canada—September 2026

Canada’s Genomics Advantage: The Economic Impact of Genomics in Canada This research examines genomics’ contribution to Canada’s economy. Cutting‑edge technologies and innovations are benefiting multiple sectors, including public health, food…

Productivity Potential of AI Tools in Canada—September 2026

The Right AI Tool for the Job: The Productivity Potential of AI Applications in Canada In this briefing, we examine the productivity effects of AI across four levels: individual AI…

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Major City Insights: Victoria—November 2026

Public Sector Cuts to Hurt Victoria’s Economic Growth This quarter, we assess how Victoria’s economy is holding up in the face of a declining population, tighter fiscal policy, and international…

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Major City Insights: St. Catharines–Niagara—November 2026

Growth Slows, but Bright Spots Ahead This quarter, we assess the headwinds facing the St. Catharines–Niagara economy, particularly tariffs, weak business and consumer spending, and slowing population growth. Despite these…

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Housing Market Update for October 2026

Easing Home Sales Stumble While Rental Apartment Construction Supports Housing Starts This month, we describe a significant weakening of Canadian resale market but a jump in housing starts. What is…

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Major City Insights: St. John’s—October 2026

Energy Prices to Buoy Economic Growth This quarter, we examine how high oil prices are boosting the St. John’s economy despite weak population and employment growth. How much will strength…

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Major City Insights: Halifax—October 2026

Local Economy to Benefit From Higher Defence Spending This quarter, we examine how Halifax’s economy is holding up in the face of stalled population growth and international trade uncertainty. Which…

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Major City Insights: Windsor—October 2026

A pause before growth This quarter, we take stock of how tariffs, ongoing geopolitical tension, and a declining population are affecting Windsor’s economy. Despite these challenges, which sectors of the…

Impact paper
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Listening tour (CCGP): Interactive, high-energy sessions where leaders from across sectors collaborate to challenge assumptions, share insights, and co-create bold, practical solutions for Canada’s future. Reports produced after these events help inform action and policy.

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