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The Real Economy, Canada shows that key economic and industry developments such as the Trans Mountain Expansion Project, an increase in immigration, and the rise of Canada’s digital economy will all have a positive impact on Canada’s small and medium-sized businesses.
RSM Canada ("RSM"), the leading global provider of audit, tax and consulting services focused on middle market businesses, today launched its second edition of ‘The Real Economy, Canada’ – a quarterly report that provides Canadian businesses with economic analysis and insights into what is driving growth in Canada's middle market.
RSM Canada’s second report of the year explores the potential impact that macro-level trends or large-scale projects such as the Trans Mountain Expansion Project, Canada’s approach to immigration, international trade, and the state of its digital competitiveness, all have on small and medium sized businesses.
Key topics in this quarter’s report include:
“The numbers show that Canada’s relative openness to immigration is a clear benefit for many middle market businesses,” said Joe Brusuelas, chief economist, RSM. “As the digital economy grows, it brings in the right skillsets to help bridge the widening skills gap, but it will also support Canada’s plans for economic growth, where a broad spectrum of diversity and perspectives will develop the country into a major tech and industry player.”
Alex Kotsopoulos, vice president, projects and economics, RSM Canada commented: “While projects such as the Trans Mountain Expansion Project are currently facing headwinds and roadblocks, it’s clear from this latest report that there are lots of positives for Canadian small and medium sized businesses, including up to 40,000 jobs and a GDP increase that will benefit the whole country.”
About RSM Canada
RSM’s purpose is to deliver the power of being understood to our clients, colleagues and communities through world-class audit, tax and consulting services focused on middle market businesses. The clients we serve are the engine of global commerce and economic growth, and we are focused on developing leading professionals and services to meet their evolving needs in today’s ever-changing business environment.
RSM Canada LLP provides public accounting services and is the Canadian member firm of RSM International, a global network of independent audit, tax and consulting firms with 51,000 people across 123 countries. RSM Alberta LLP is a limited liability partnership and independent legal entity that provides public accounting services. RSM Canada Consulting LP provides consulting services and is an affiliate of RSM US LLP, a member firm of RSM International. For more information visit rsmcanada.com, like us on Facebook, follow us on Twitter and/or connect with us on LinkedIn.