Monthly Archives: February 2014

Canada’s Tradable Services

A recent CD Howe report highlights a largely unrecognized growth in professional, scientific and technical services in Canada. The growth of the Canadian middle-class hasn’t been in the manufacturing industries but rather in the professional, scientific, and technical services. It is now the fourth-largest sector by employment in Canada, with more workers than in construction. The sector includes accountants, engineers, architects, lawyers, research-and-development specialists, surveyors, consultants, graphic designers and marketers. Most of these careers and professions can’t be outsources like manufacturing, or brick & mortar stores to online retailers.

Notable “Best Buy Canada” and “Sears Canada” have just announced major layoffs for retails staff, likely due to online retail options.