Describing itself as "objective" and "non-partisan", the Conference Board of Canada claims not to lobby for special interests. 6 0 obj I often recommend Europe lovers try visiting in winter or late fall, or perhaps early spring, as prices for both air fare and hotels can be lower and crowds are most definitely down. That would be an increase of about 500,000 on last year’s overseas trips, the board said. The coming online of Enbridge's Line 3 will create an additional capacity of 370,000 barrels per day in 2021, and the Trans Mountain expansion project is expected to add another 590,000 barrels per day by 2023. Audience Relations, CBC P.O. As we set out to update ITAC’s measures of economic performance, our research team worked with ITAC’s staff and members to update its business inventory and profile the diverse organizations and entrepreneurs that participate in Canada’s Indigenous tourism sector. "I think we'll start to see oil investment as early as this winter, based on what I'm hearing from private equity funds in the U.S. looking for development.". Destination & Tourism, Vienna Tourism Touches Down in Toronto Members of The Conference Board get exclusive access to the full range of products and services that deliver Insights for What's Ahead TM including webcasts, publications, data and analysis, plus discounts to conferences and events. "The outlook for production out of Alberta has brightened significantly, even as we head into the new year with curtailments still in place," says the report. *[�ܔ2nJ�ӭ�`Y�����~�Usͼ�E��ڄ�v��q���. All Rights Reserved. If you are not a Member yet, we invite you to explore a variety of our products and services, as our guest. <> endobj Alberta wants to flip the script in oilpatch's favour — it won't be easy. Box 500 Station A Toronto, ON Canada, M5W 1E6. Sources: Statistics Canada; The Conference Board of Canada. Cuba’s performance dipped because of US embargo issues, weather and other factors. endobj %���� endobj Impacting Travel, Copyright © 2020 Northstar Travel Media, LLC. La Coleccion Resorts Blog, COVID-19 Travel Protocols for 22 Caribbean Countries 9 0 obj Beautiful Belize Now Open for Visitors, Bahamas Removes Mandatory Quarantine November 1. 2 0 obj "We think this is going to be a bit of turning point for Alberta in 2020," Stewart told CBC News. The discount for Western Canadian Select (versus the WTI price) will remain in the range of $15–$20 US per barrel in the short term, the report forecasts. Europe, But the improvement in takeaway capacity will encourage some improvement in investment. "Now, investment is still much, much lower than it was in 2014. Caribbean, [}�i!t ���!f}g�o,�����}��eMfKO����1�z��~z���!OlM������ �:{���f��s����?X @�����3�����A���6{_�/[��ֻ2�D���[R��v߷��nۣ���� @ 1�3B���0_�|[P���L��^��|���l�߷�.�������z�S�dՌ��� �Y�b�w&�jn���j����O)i���$��l+���V[�]�9oB7��j#G� pa�g�����:3�O����|;�O��l{3�l��p�3�T��x�}�K\�牭����m1e?\�' |��!f}g�F~�Z����4�� 3 0 obj The Conference Board of Canada's latest outlook summary predicts that several factors will conspire to boost production in the oilsands by an average of 4.2 per cent per year from 2020 to 2024. It is a priority for CBC to create a website that is accessible to all Canadians including people with visual, hearing, motor and cognitive challenges. The Conference Board report showed interesting trends for direct seat capacity from Canada. We are Excited to Welcome you Back with SAVINGS! United States, Paradisus Playa del Carmen Blog, Escape to Jamaica for a Beach Villa Stay This Winter The report found that the Caribbean lost market share for Canada in both 2016 and 2017, while Mexico posted gains. Outlook 'brightened' for Alberta oil production, Conference Board of Canada says, CBC's Journalistic Standards and Practices. Cruise, Rapid COVID-19 Tests a Potential Game Changer; Air Canada on Board Asia, Work Remotely From These Caribbean Destinations, 30 Years of Unification: Germany Tourism Looks to the Future, gallery icon Finally, the Conference Board study noted “significant growth in Canadian arrivals in both Asia and Oceania,” with smaller arrival volume than other regions but longer stays and higher yield, which is worth noting. endobj Martin Pelletier, a portfolio manager in Calgary with Trivest Wealth Counsel, agrees that there are signs that Alberta's energy sector is turning a corner. Destination & Tourism, Unique Brands, Amazing Experiences With American Queen... Click here to learn more. But the Conference Board said Canadians still love Mexico, Cuba, the Dominican Republic and Jamaica the best. <> For example, pipeline optimization programs at Enbridge and TC Energy that use drag-reducing agents to increase the flow on current pipeline infrastructure will add up to 150,000 barrels per day by early January, says the report by the Matthew Stewart, the board's director of forecasting and analysis. Port Ferdinand Luxury Resort and Residences Winter Savings 2 ... Find Relaxation at Paradisus Playa del Carmen, Escape to Jamaica for a Beach Villa Stay This Winter, Live Aqua Beach Resort Punta Cana to Open in 2021, COVID-19 Travel Protocols for 22 Caribbean Countries, Trump Administration Reportedly Extends No Sail Order for Cruises, Canada Opens Borders To Some US Citizens With Family in Canada, Carnival Cruise Line President Christine Duffy Shares Video Update, Rapid COVID-19 Tests a Potential Game Changer; Air Canada on Board. endobj You may use your Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. San Miguel de Allende, Find Relaxation at Paradisus Playa del Carmen The Excellence Collection, Live Aqua Beach Resort Punta Cana to Open in 2021 Canada’s energy sector is on the cusp of entering a period of sustained growth thanks to added pipeline capacity and more efficient use of existing infrastructure, according to a report released on Tuesday. We are Excited to Welcome you Back with SAVINGS! The report also says another 10.5 million Canadians will head out on overseas trips this year, with Mexico and Europe high on the list and a rapid growth in Asia visits. The report goes on to predict that the brighter future for the energy sector will help the national economy as non-energy exports continue to struggle amid a slowing U.S. economy, international trade uncertainty and Canada's higher corporate tax rates. Destination & Tourism, Strict Protocols for St. Kitt's and Nevis Re-Opening... The most popular U.S. destination for Canadians continues to be New York City. ��6�z�.����/ڮ 1v�m6hF{l�L �dK��΄���(K��zk�Z��n�(yG��Zomc���K��J��3�8�O��Nr�� Ȓ }�/F�o�ɿM���'���C`�L��0钐 &������� cH ���fHσ< �[�lxȁ���J�H�`R�f9���B�\�y[q�'N2�X�vm��W4�EM-�)W��>zcu��Ci���:4*\BP!�P{v'7�����c�'�e�h;�^�K@_�j}qTrx� 8`�f9ʺ�D �D�[�N6u�n��\ T��Gҟ��O��M�>�" ,G�Os���J1 (+0R��ʐB �'t0��@^�$,���'�W�T�/ud��5�#"�_ �����1m�Ze�>4��`��f�L*�z�6���EIt������/���3 The Conference Board report showed interesting trends for direct seat capacity from Canada. 1 0 obj Your Facebook information, including your name, photo & any other personal data you make public on Facebook will appear with your comment, and may be used on TravelPulse.com. The Conference Board of Canada is a Canadian not-for-profit think tank dedicated to researching and analyzing economic trends, as well as organizational performance and public policy issues.. The most popular destinations remain France, Italy, the UK, Spain and Germany, “but non-traditional destinations (are) experiencing significant growth,” the report authors stated. endobj Cruise, Brand USA Announces Brand USA Global Marketplace x���]O�0��#�?��tZĎ=!$ZcS3v���Z�D*N����P6�4ta^�F'������c'=��r�� �'M��wf7iQmn��qc�+�*�n�ʦ���?�d�����09���8���"0w������w`�hR�Q�� !gP,㈸v(�&� �8��{��|����� ��N�����&��-������5�K�AیP��=���#RQ���9�=�Ž^�����r

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