Survey of Securities Brokerage Services - 1st Quarter 2017: Jan - Mar

Statistics Canada - Producer Prices Division

Confidential when completed.

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This information is collected under the authority of the Statistics Act, Revised Statutes of Canada, 1985, Chapter S-19.

Completion of this questionnaire is a legal requirement under this Act.

Introduction

Purpose of this Survey

The data collected in this quarterly survey will be used to produce an index that measures the change in average prices charged for securities brokerage services in Canada. Statistics Canada will use the index to estimate inflation-adjusted growth and productivity for this sector of the economy.

This survey applies to registered Dealer/Broker firms in Canada that provide full-service brokerage services to retail clients.

Statistics Canada plans to combine the responses relating to your organization with the information you previously provided on this survey. Your information may also be used by Statistics Canada for other statistical and research purposes.

Confidentiality

Statistics Canada is prohibited by law from releasing any information it collects which could identify any person, business or organization, unless consent has been given by the respondent or as permitted by the Statistics Act. Information from this survey will be used for statistical purposes.

Record linkages

To enhance the data from this survey and to minimize the reporting burden, Statistics Canada may combine it with information from other surveys or from administrative data sources.

Your participation is important

Your participation is vital to ensuring that the information collected in this survey is accurate and comprehensive.

Return Procedures…. Need Help?

Please return the completed questionnaire to Statistics Canada within 20 days of receipt by mail using the return envelope. You can also fax it to 1-855-314-8765 or email to statcan.ppd-sbspi-dpp-escvm.statcan@statcan.gc.ca.

Lost the return envelope or need help?

Call us at 1-800-478-5086 or mail to:

Statistics Canada, Producer Prices Division
170 Tunney's Pasture Driveway
Jean Talon Bldg, 10th Floor,
Ottawa, Ontario, K1A 0T6

Fax or e-mail transmission disclosure

Statistics Canada advises you that there could be a risk of disclosure during the transmission of information by facsimile or email. However, upon receipt, Statistics Canada will provide the guaranteed level of protection afforded all information collected under the authority of the Statistics Act.

Glossary

Account/Household Value Ranges
The market values of assets in accounts on which the fees were based, arranged in a series of ascending tiers.
Advisor Managed Account (discretionary)
An account similar to a fee-based brokerage account except that the Investment Advisor/Broker acts as the portfolio manager and has been given the discretionary authority to make investment decisions on behalf of the client rather than obtaining their approval to execute each transaction. Fees are typically calculated based on a percentage of the market value of assets. This survey excludes wraps or any third party managed accounts.
Asset-Class Based Pricing Model
A pricing model where the fee charged by Investment Advisors/Brokers is calculated based on both the types and market value of assets in accounts. This survey includes only Equity and Fixed Income pricing models.
Blended Pricing Model
A pricing model where the fee charged by Investment Advisors/Brokers is calculated based only on the market value of assets, regardless of the types of assets in accounts.
Canadian Exchange Listed Equities
Stocks that are listed on Canadian securities exchanges such as the Toronto Stock Exchange.
Equity Pricing Model
An Asset-Class Based pricing model that is used to calculate the Investment Advisor/Broker fees charged on Fee-Based Brokerage and Advisor Managed Accounts that contain Equity assets.
Fee-Based Brokerage Account (non-discretionary)
An account similar to a transaction-based account except that clients are charged a fee typically based on a percentage of the market value of assets or a flat annual fee rather than commissions on a per transaction basis. The account fee generally includes a trade allowance and the Investment Advisor/Broker is required to obtain the client's approval before executing securities transactions on their behalf (non-discretionary).
Fixed Income Pricing Model
An Asset-Class Based pricing model that is used to calculate the Investment Advisor/Broker fees charged on Fee-Based Brokerage and Advisor Managed Accounts that contain Fixed Income assets.
Household Value
The market value of a group of accounts that are enrolled together; typically based on address and/or related family members and referred to as a 'household' account.
In these cases, the Investment Advisor/Broker calculates their fee based on the aggregate market value of the 'household' account rather than on the market value of each individual account.
Retail Full-Service Brokerage
The segment of a firm's securities brokerage business where Investment Advisors/Brokers maintain an ongoing relationship with individual investors (retail clients) and work with these clients to determine and implement their investment objectives. Excludes Discount/Online.
Total Commissions
The sum of commissions earned in the calendar quarter for executing trade orders of Canadian exchange listed equities on behalf of retail full-service brokerage clients. Excludes 'new issue' equities and Discount/Online transactions.
Total Fees
The sum of investment advisory/brokerage fees earned for the calendar quarter on Fee-Based Brokerage or Advisor Managed accounts. Excludes taxes and all administrative fees.
Total Account/Household Values
The sum of the market values of assets in accounts on which the fees were based (billable portion of account assets).
Total Market Value of Trades
The sum of the market values of trades that were executed during the calendar quarter. Please report based on 'collapsed' fills where applicable.
Trade Value Ranges
The market values of trades arranged in a series of ascending tiers.
Transaction-Based Account
An account in which Investment Advisors/Brokers charge clients a commission for every trade executed on their behalf. Commissions are usually charged based on a percentage of the market value of trades or a flat dollar amount.

Section A. Transaction-Based Accounts: Exchange Listed Equities

An account in which Investment Advisors/Brokers charge clients a commission for every trade executed on their behalf. Commissions are usually charged based on a percentage of the market value of trades or a flat dollar amount.

Please report only for purchases and sales of Canadian exchange listed equities executed on behalf of retail full-service brokerage clients.

Exclude:

  • 'new issue' equities
  • Discount/Online transactions

Instructions:

For each Trade Value Range (A), please report the Total Commissions (B) earned in the calendar quarter and the corresponding Total Market Value of Trades (C) on which the commissions were based.

Please ensure fills are collapsed where applicable.

Canadian Exchange Listed Equities
(report data in thousands of Canadian dollars)
Table Summary
This table contains no data and is used for exemplary purposes only.
Trade Value Ranges
($ Cdn)
A
Total Commissions
($000's)
B
Total Market Value of Trades
($000's)
C
up to $9,999    
$10,000-$24,999    
$25,000-$49,999    
$50,000-$99,999    
$100,000-$149,999    
$150,000-$199,999    
$200,000-$399,999    
$400,000-$599,999    
$600,000-$799,999    
$800,000 +    
Totals    

Notes:

  1. When multiple fills are required to complete client orders, please collapse the fills to ensure that the total commissions charged and the corresponding total market value of trades are aggregated and reported correctly.
  2. Include transactions for fee-based brokerage accounts only in cases where clients were charged a commission for a trade that exceeded their trade allowance.
  3. Include the total market value of trades for trades that were executed for free.

Section B. Fee-Based Brokerage Accounts (non-discretionary): Blended Pricing Model

An account similar to a transaction-based account except that clients are charged a fee typically based on a percentage of the market value of assets in the account or a flat annual fee rather than commissions on a per transaction basis. The account generally includes a trade allowance and the Investment Advisor/Broker is required to obtain the client's approval before executing securities transactions on their behalf (non-discretionary).

Blended Pricing Model: a pricing model where the fee charged by Investment Advisors/Brokers is calculated based only on the market value of assets in the account or group of accounts (household), regardless of the types of assets in accounts.

Examples:

  • The fee is charged as a flat dollar amount or calculated as an annual percentage rate based on the total market value of assets in the account or group of accounts (household).
  • The fee is calculated by applying different rates to incremental dollar portions of the total market value of assets in the account or group of accounts (household) which are then blended together to derive the fee.

Instructions:

For each Account/Household Value Range (A), report the Total Fees (B) earned for the calendar quarter and the corresponding Total Account/Household Values (C) on which the fees were based (billable portion of account assets).

Blended Pricing Model
(report data in thousands of Canadian dollars)
Table Summary
This table contains no data and is used for exemplary purposes only.
Account/Household Value Ranges
($ Cdn)
A
Total Fees
($000's)
B
Total Account/Household Values
($000's)
C
up to $99,999    
$100,000-$249,999    
$250,000-$499,999    
$500,000-$999,999    
$1 Million-$1.9 Million    
$2 Million-$4.9 Million    
$5 Million-$9.9 Million    
$10 Million +    
Totals    

Section B. Fee-Based Brokerage Accounts (non-discretionary): Asset-Class Based Pricing Models

An account similar to a transaction based account except that clients are charged a fee typically based on a percentage of the market value of assets in the account or a flat annual fee rather than a commission on a per transaction basis. The account generally includes a trade allowance and the Investment Advisor/Broker is required to obtain the client's approval before executing securities transactions on their behalf (non-discretionary).

Asset-Class Based Pricing Model: a pricing model where the fee charged by Investment Advisors/Brokers is calculated based on both the types and market value of assets in the account or group of accounts (household). This survey only includes data for the Equity and Fixed Income pricing models.

Instructions:

For each Account/Household Value Range (A), report the Total Fees (B) earned for the calendar quarter and the corresponding Total Account/Household Values (C) on which the fees were based (billable portion of account assets).

Asset-Class Based Pricing Models
(report data in thousands of Canadian dollars)
Table Summary
This table contains no data and is used for exemplary purposes only.
Account/Household Value Ranges
($ Cdn)
A
Total Fees
($000's)
B
Total Account/Household Values
($000's)
C
1. Equity
up to $99,999    
$100,000-$249,999    
$250,000-$499,999    
$500,000-$999,999    
$1 Million-$1.9 Million    
$2 Million-$4.9 Million    
$5 Million-$9.9 Million    
$10 Million +    
Totals    
2. Fixed Income
up to $99,999    
$100,000-$249,999    
$250,000-$499,999    
$500,000-$999,999    
$1 Million-$1.9 Million    
$2 Million-$4.9 Million    
$5 Million-$9.9 Million    
$10 Million +    
Totals    

Section C. Advisor Managed Accounts (discretionary): Blended Pricing Model

An account similar to a fee-based brokerage account except that the Investment Advisor/Broker acts as the portfolio manager on the account and has been given discretionary authority to make investment decisions on behalf of the client rather than obtaining their approval to execute each transaction. Fees are typically calculated based on a percentage of the market value of assets. This survey excludes wraps or any third party managed accounts.

Blended Pricing Model: a pricing model where the fee charged by Investment Advisors/Brokers is calculated based only on the market value of assets in the account or group of accounts (household), regardless of the types of assets in accounts.

Examples:

  • The fee is charged as a flat dollar amount or calculated as an annual percentage rate based on the total market value of assets in the account or group of accounts (household).
  • The fee is calculated by applying different rates to incremental dollar portions of the total market value of assets in the account or group of accounts (household) which are then blended together to derive the fee.

Instructions:

For each Account/Household Value Range (A), report the Total Fees (B) earned for the calendar quarter and the corresponding Total Account/Household Values (C) on which the fees were based (billable portion of account assets).

Blended Pricing Model
(report data in thousands of Canadian dollars)
Table Summary
This table contains no data and is used for exemplary purposes only.
Account/Household Value Ranges
($ Cdn)
A
Total Fees
($000's)
B
Total Account/Household Values
($000's)
C
$100,000-$249,999    
$250,000-$499,999    
$500,000-$999,999    
$1 Million-$1.9 Million    
$2 Million-$4.9 Million    
$5 Million-$9.9 Million    
$10 Million +    
Totals    

Section C. Advisor Managed Accounts (discretionary): Asset-Class Based Pricing Models

An account similar to a fee-based brokerage account except that the Investment Advisor/Broker acts as the portfolio manager on the account and has been given discretionary authority to make investment decisions on behalf of the client rather than obtaining their approval to execute each transaction. Fees are typically calculated based on a percentage of the market value of assets. This survey excludes wraps or any third party managed accounts.

Asset-Class Based Pricing Model: a pricing model where the fee charged by Investment Advisors/Brokers is calculated based on both the types and market value of assets in the account or group of accounts (household). This survey only includes data for the Equity and Fixed Income pricing models.

Instructions:

For each Account/Household Value Range (A), report the Total Fees (B) earned for the calendar quarter and the corresponding Total Account/Household Values (C) on which the fees were based (billable portion of account assets).

Asset-Class Based Pricing Models
(report data in thousands of Canadian dollars)
Table Summary
This table contains no data and is used for exemplary purposes only.
Account/Household Value Ranges
($ Cdn)
A
Total Fees
($000's)
B
Total Account/Household Values
($000's)
C
1. Equity
$100,000-$249,999    
$250,000-$499,999    
$500,000-$999,999    
$1 Million-$1.9 Million    
$2 Million-$4.9 Million    
$5 Million-$9.9 Million    
$10 Million +    
Totals    
2. Fixed Income
$100,000-$249,999    
$250,000-$499,999    
$500,000-$999,999    
$1 Million-$1.9 Million    
$2 Million-$4.9 Million    
$5 Million-$9.9 Million    
$10 Million +    
Totals    

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Thank you for completing this questionnaire.

Please make a copy of this completed questionnaire for your records

The information collected in this quarterly survey will be used to produce a price index that measures the change in average prices charged for securities brokerage services in Canada. This pilot survey applies to registered Dealer/Broker firms in Canada that provide full-service brokerage services to retail clients.

The survey questionnaire is used to collect revenue and corresponding volume data on some of the full-service brokerage services provided to retail clients. The two main product types covered are transaction-based and fee-based accounts (fee-based brokerage and advisor managed).

Basis of Reporting

  1. Client Type and Business Segment
    Retail Full-Service Brokerage only (exclude Discount/online)
  2. Reporting Period
    Calendar Quarter (Jan-Mar, Apr-Jun, Jul-Sep, and Oct-Dec).
  3. Combined Canadian Operations
    Data should be reported for all Canadian subsidiaries. Exclude operations from any foreign subsidiaries.
  4. Currency
    All data should be reported in thousands of Canadian dollars.
  5. Accounting
    Please report on an accrual basis for fee-based accounts and on a cash basis for transaction-based accounts.
  6. Other
    Exclude any taxes collected for remittance to a government agency (GST/HST/QST).

Instructions

Section A: Transaction-Based Accounts: Canadian Exchange Listed Equities

An account in which Investment Advisors/Brokers charge clients a commission for every trade executed on their behalf. Commissions are usually charged based on a percentage of the market value of trades or a flat dollar amount.

Please report only for purchases and sales of Canadian exchange listed equities executed on behalf of retail full-service brokerage clients.

Exclude:

  • 'new issue' equities
  • Discount/Online transactions

Notes:

  1. New issues include all IPO / Primary market trades as well as secondary offerings.
  2. If an order has multiple or partial fills and a single fee or commission was charged, aggregate the fills as a single trade. In cases for which separate fees or commissions are charged for multiple fills on the same order, treat each charge as its own trade.
  3. Include transactions for fee-based brokerage accounts only in cases where clients are charged a commission for a trade that exceeded their trade allowance.
  4. Include the total market value of trades for trades that were executed for free.

Instructions:

For each Trade Value Range (A), please report the Total Commissions (B) earned in the calendar quarter and the corresponding Total Market Value of Trades (C) on which the commissions were based.

A) Trade Value Ranges: The market value of trades arranged in a series of ascending tiers.

B) Total Commissions: The sum of commissions earned in the calendar quarter for executing trade orders of Canadian exchange listed equities on behalf of retail full-service brokerage clients.

C) Total Market Value of Trades: The sum of the market values of trades that were executed during the calendar quarter.

Section B: Fee-Based Brokerage Accounts (non-discretionary)

An account similar to a transaction-based account except that clients are charged a fee typically based on a percentage of the market value of assets in the account or a flat annual fee rather than commissions on a per transaction basis. The account generally includes a trade allowance and the Investment Advisor/Broker is required to obtain the client's approval before executing securities transactions on their behalf (non-discretionary). Only use the pricing model (Blended or Asset-based, described below) that best matches the pricing method used.

Blended Pricing Model

A pricing model where the fee charged by Investment Advisors/Brokers is calculated based only on the market value of assets in the account, regardless of the types of assets in accounts. If accounts are grouped or householded together for the purposes of qualifying for preferential rates, list the total market value of all accounts in the household.

Examples:

  • The fee is charged as a flat dollar amount or calculated as an annual percentage rate based on the total market value of assets in the account or group of accounts (household).
  • The fee is calculated by applying different rates to incremental dollar portions of the total market value of assets in the account or group of accounts (household) which are then blended together to derive the fee.

Instructions:

For each Account/Household Value Range (A), please report the Total Fees (B) earned for the calendar quarter and the corresponding Total Account/Household Values (C) on which the fees were based.

A) Account/Household Value Ranges: The market value of assets in accounts on which the fees were based, arranged in a series of ascending tiers.

B) Total Fees: The sum of investment advisory/brokerage fees earned for the calendar quarter.
Excludes: taxes (GST, HST and QST) and administrative fees.

C) Total Account/Household Values: The sum of the market values of assets in accounts on which the fees were based (billable portion of account assets).

Asset-Class Based Pricing Model

A pricing model where the fee charged by Investment Advisors/Brokers is calculated based on both the types and market value of assets in the account. If accounts are grouped or householded together for the purposes of qualifying for preferential rates, list the total market value of all accounts in the household. Note: This survey only includes data for the Equity and Fixed Income pricing models.

Examples:

  • The asset types in the account or group of accounts (household) are analyzed and categorized as either Equity or Fixed Income based on a set proportion of total value. The fee is then calculated by applying the rate from the designated asset price list to the total market value.
  • The market value of the account or group of accounts (household) is separated by asset class and the value of each class is priced according to the separate asset price lists.

Instructions:

For each Account/Household Value Range (A), report the Total Fees (B) earned for the calendar quarter and the corresponding Total Account/Household Values (C) on which the fees were based.

A) Account/Household Value Ranges: The market value of assets in accounts on which the fees were based, arranged in a series of ascending tiers.

B) Total Fees: The sum of investment advisory/brokerage fees earned for the calendar quarter.
Excludes: taxes (GST, HST and QST) and administrative fees.

C) Total Account/Household Values: The sum of the market values of assets in accounts on which the fees were based (billable portion of account assets).

Section C: Advisor Managed Accounts (discretionary)

An account similar to a fee-based brokerage account except that the Investment Advisor/Broker acts as the portfolio manager and has been given the discretionary authority to make investment decisions on behalf of the client rather than obtaining their approval to execute each transaction. Fees are typically calculated based on a percentage of the market value of assets. Only use the pricing model (Blended or Asset-based, described below) that best matches the pricing method used. Note: this survey excludes wraps or any third party managed accounts.

Blended Pricing Model

A pricing model where the fee charged by Investment Advisors/Brokers is calculated based only on the market value of assets, regardless of the types of assets in accounts. If accounts are grouped or householded together for the purposes of qualifying for preferential rates, list the total market value of all accounts in the household.

Examples:

  • The fee is charged as a flat dollar amount or calculated as an annual percentage rate based on the total market value of assets in the account or group of accounts (household).
  • The fee is calculated by applying different rates to incremental dollar portions of the total market value of assets in the account or group of accounts (household) which are then blended together to derive the fee.

Instructions:
For each Account/Household Value Range (A), report the Total Fees (B) earned for the calendar quarter and the corresponding Total Account/Household Values (C) on which the fees were based.

A) Account/Household Value Ranges: The market value of assets in accounts on which the fees were based, arranged in a series of ascending tiers.

B) Total Fees: The sum of investment advisory/brokerage fees earned for the calendar quarter.
Excludes: taxes (GST, HST and QST) and administrative fees.

C) Total Account/Household Values: The sum of the market values of assets in accounts on which the fees were based (billable portion of account assets).

Asset-Class Based Pricing Model

A pricing model where the fee charged by Investment Advisors/Brokers is calculated based on both the types and market value of assets in the account. If accounts are grouped or householded together for the purposes of qualifying for preferential rates, list the total market value of all accounts in the household. Note: This survey only includes data for the Equity and Fixed Income pricing models.

Examples:

  • The asset types in the account or group of accounts (household) are analyzed and categorized as either Equity or Fixed Income based on a set proportion of total value. The fee is then calculated by applying the rate from the designated asset price list to the total market value.
  • The market value of the account or group of accounts (household) is separated by asset class and the value of each class is priced according to the separate asset price lists.

Instructions:

For each Account/Household Value Range (A), report the Total Fees (B) earned for the calendar quarter and the corresponding Total Account/Household Values (C) on which the fees were based.

A) Account/Household Value Ranges: The market value of assets in accounts on which the fees were based, arranged in a series of ascending tiers.

B) Total Fees: The sum of investment advisory/brokerage fees earned for the calendar quarter.
Excludes: taxes (GST, HST and QST) and administrative fees.

C) Total Account/Household Values: The sum of the market values of assets in accounts on which the fees were based (billable portion of account assets).

Retail Trade Survey (Monthly): CVs for Total sales by geography - December 2017

CVs for Total sales by geography
Table summary
This table displays the results of CVs for Total sales by geography. The information is grouped by Geography (appearing as row headers), Month, 201712 and % (appearing as column headers).
Geography Month
201712
%
Canada 0.49
Newfoundland and Labrador 0.98
Prince Edward Island 1.15
Nova Scotia 1.7
New Brunswick 1.15
Québec 0.87
Ontario 1.08
Manitoba 1.51
Saskatchewan 1.21
Alberta 0.77
British Columbia 1.03
Yukon Territory 0.48
Northwest Territories 0.53
Nunavut 0.86

Wholesale Trade Survey (Monthly): CVs for Total Sales by Geography – December 2016 to December 2017

CVs for Total Sales by Geography
Table summary
This table displays the results of CVs for Total Sales by Geography. The information is grouped by geography (appearing as row headers), Month, 201612, 201701, 201702, 201703, 201704, 201705, 201706, 201707, 201708, 201709, 201710, 201711, and 201612 (appearing as column headers), calculated using percentage unit of measure (appearing as column headers).
Geography Month
201612 201701 201702 201703 201704 201705 201706 201707 201708 201709 201710 201711 201712
percentage
Canada 0.8 0.8 0.7 0.8 0.7 0.6 0.6 0.7 0.7 0.7 0.6 0.7 0.8
Newfoundland and Labrador 0.5 0.4 0.3 0.3 0.4 0.4 0.4 0.4 0.5 0.5 0.3 0.3 0.3
Prince Edward Island 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Nova Scotia 4.2 1.8 3.1 1.4 2.4 2.9 3.1 2.1 1.2 1.2 1.6 1.3 4.2
New Brunswick 2.5 1.1 1.1 1.5 1.9 2.3 3.3 1.9 4.0 2.8 1.5 2.4 1.8
Québec 2.1 2.9 2.3 2.3 3.0 2.3 2.1 2.8 2.3 2.4 2.2 2.6 2.4
Ontario 1.2 1.1 1.0 1.2 0.9 0.8 0.9 0.8 1.0 1.0 0.8 0.9 1.2
Manitoba 1.6 3.1 1.6 1.1 2.0 2.7 2.2 1.8 0.8 1.1 1.5 1.2 1.6
Saskatchewan 0.5 0.6 0.3 0.5 1.1 0.5 0.4 0.8 0.9 0.5 0.6 0.7 0.6
Alberta 1.3 0.9 1.4 1.6 1.3 1.8 0.9 1.0 0.9 1.7 1.2 1.1 2.0
British Columbia 1.3 1.7 1.9 1.6 1.5 1.3 1.3 1.7 1.2 1.6 1.8 1.3 1.2
Yukon Territory 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Northwest Territories 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Nunavut 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Annual Survey of Service Industries: Employment services - CVs for operating revenue - 2016

Employment services: CVs for operating revenue - 2016
Table summary
This table displays the results of Employment services: CVs for operating revenue - 2016. The information is grouped by Geography (appearing as row headers), CVs for operating revenue, calculated using percent units of measure (appearing as column headers).
Geography CVs for operating revenue
percent
Canada 0.82
Newfoundland and Labrador 0.18
Prince Edward Island 0.00
Nova Scotia 0.82
New Brunswick 0.00
Quebec 2.35
Ontario 1.05
Manitoba 1.55
Saskatchewan 0.55
Alberta 2.44
British Columbia 1.41
Yukon 0.00
Northwest Territories 0.00
Nunavut 0.00

Statement outlining results, risks and significant changes in operations, personnel and program

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Statistics Canada's mandate

Statistics Canada ("the agency") is a member of the Innovation, Science and Economic Development portfolio.

Statistics Canada's role is to ensure that Canadians have access to a trusted source of statistics on Canada that meets their highest priority needs.

The agency's mandate derives primarily from the Statistics Act. The Act requires that the agency collects, compiles, analyzes and publishes statistical information on the economic, social, and general conditions of the country and its people. It also requires that Statistics Canada conduct the census of population and the census of agriculture every fifth year, and protects the confidentiality of the information with which it is entrusted.

Statistics Canada also has a mandate to co-ordinate and lead the national statistical system. The agency is considered a leader, among statistical agencies around the world, in co‑ordinating statistical activities to reduce duplication and reporting burden.

More information on Statistics Canada's mandate, roles, responsibilities and programs can be found in the 2017–2018 Main Estimates and in the Statistics Canada 2017–2018 Departmental Plan.

The quarterly financial report:

Statistics Canada has the authority to collect and spend revenue from other federal government departments and agencies, as well as from external clients, for statistical services and products.

Basis of presentation

This quarterly report has been prepared by management using an expenditure basis of accounting. The accompanying Statement of Authorities includes the agency's spending authorities granted by Parliament and those used by the agency consistent with the Main Estimates for the 2017–2018 fiscal year. This quarterly report has been prepared using a special purpose financial reporting framework designed to meet financial information needs with respect to the use of spending authorities.

The authority of Parliament is required before moneys can be spent by the Government. Approvals are given in the form of annually approved limits through appropriation acts or through legislation in the form of statutory spending authority for specific purposes.

The agency uses the full accrual method of accounting to prepare and present its annual departmental financial statements that are part of the departmental results reporting process. However, the spending authorities voted by Parliament remain on an expenditure basis.

B) Highlights of fiscal quarter and fiscal year-to-date results

This section highlights the significant items that contributed to the net decrease in resources available for the year, as well as actual expenditures for the quarter ended December 31.

Chart 1: Comparison of gross budgetary authorities and expenditures as of December 31, 2016, and December 31, 2017, in thousands of dollars
Description for Chart 1: Comparison of gross budgetary authorities and expenditures as of December 31, 2016, and December 31, 2017, in thousands of dollars

This bar graph shows Statistics Canada's budgetary authorities and expenditures, in thousands of dollars, as of December 31, 2016 and 2017:

  • As at December 31, 2016
    • Net budgetary authorities: $775,438
    • Vote netting authority: $120,000
    • Total authority: $895,438
    • Net expenditures for the period ending December 31: $563,811
    • Year-to-date revenues spent from vote netting authority for the period ending December 31: $52,285
    • Total expenditures: $616,096
  • As at December 31, 2017
    • Net budgetary authorities: $571,673
    • Vote netting authority: $120,000
    • Total authority: $691,673
    • Net expenditures for the period ending December 31: $412,612
    • Year-to-date revenues spent from vote netting authority for the period ending December 31: $56,552
    • Total expenditures: $469,164

Chart 1 outlines the gross budgetary authorities, which represent the resources available for use for the year as of December 31.

Significant changes to authorities

Total authorities available for 2017–2018 have decreased by $203.7 million, or 22.8%, from the previous year, from $895.4 million to $691.7 million (Chart 1). This net decrease was mostly the result of the following:

  • Decrease for the Census of Population program ($310.0 million), as well as for the Census of Agriculture program ($12.1 million) due to the cyclical nature of funding winding down in 2017–2018;
  • Increase for negotiated salary adjustments ($45.4 million);
  • Increase for the Statistical Survey Operations pay equity settlement ($37.6 million);
  • Increase in the value of the carry forward by $15.7 million;
  • Increase for the implementation of new programs such as the Housing Statistics Framework (Canadian Housing Statistics Program) and the Measurement of Growth in International Visitors to Canada ($10.4 million).

In addition to the appropriations allocated to the agency through the Main Estimates, Statistics Canada also has vote net authority within Vote 1, which entitles the agency to spend revenues collected from other federal government departments, agencies, and external clients to provide statistical services. Vote netting authority is stable at $120 million in each of the fiscal years 2016–2017 and 2017–2018.

Significant changes to expenditures

Year-to-date net expenditures recorded to the end of the third quarter decreased by $151.2 million, or 26.8% from the previous year, from $563.8 million to $412.6 million (See Table A: Variation in Departmental Expenditures by Standard Object).

Most of the decrease in spending is due to the 2016 Census of Population program. Statistics Canada spent approximately 72.2% of its authorities by the end of the third quarter, compared with 72.7% in the same quarter of 2016–2017.

Table A: Variation in Departmental Expenditures by Standard Object (unaudited)
Table summary: This table displays the variance of departmental expenditures by standard object between fiscal 2016-2017 and 2017-2018. The variance is calculated for year to date expenditures as at the end of the third quarter. The row headers provide information by standard object. The column headers provide information in thousands of dollars and percentage variance for the year to date variation.
Departmental Expenditures Variation by Standard Object Q3 year-to-date variation between fiscal year 2016–2017 and 2017–2018
$'000 %
(01) Personnel 12,627 3.1
(02) Transportation and communications -48,654 -81.1
(03) Information -5,751 -62.6
(04) Professional and special services -106,109 -88.6
(05) Rentals -4,470 -31.9
(06) Repair and maintenance -420 -72.8
(07) Utilities, materials and supplies -855 -53.2
(08) Acquisition of land, buildings and works 196 420.9
(09) Acquisition of machinery and equipment 861 17.7
(10) Transfer payments -100 -100.0
(12) Other subsidies and payments 5,743 17,999.8
Total gross budgetary expenditures -146,932 -23.8
Less revenues netted against expenditures
Revenues 4,267 8.2
Total net budgetary expenditures -151,199 -26.8
Note: Explanations are provided for variances of more than $1 million.

The 2016 Census of Population reached the peak of its cyclical expenditures in 2016–2017, spending in 2017–2018 drops sharply as activities wound down.

01) Personnel: The increase is mainly due to the retroactive salary payments of signed collective agreements and to the salary payments related to the Statistical Survey Operations pay equity settlement. This increase is partly offset by the decrease in expenditures of public servants whom were hired in 2016–2017 to conduct census-related activities.

02) Transportation and communications: The decrease is mainly due to reduced costs in postage and travel in 2016–2017 for census related activities.

03) Information: The decrease is mainly due to the printing of census material and the implementation of the census media plan in 2016–2017.

04) Professional and special services: The decrease is mainly due to the end of census collection and processing activities, which employed approximately 35,000 temporary staff in 2016–2017.

05) Rentals: The decrease is mainly due to the closure of building space rented for the regional census offices during the census collection in 2016–2017 and to software licenses maintenance.

12) Other subsidies and payments: The increase is mainly due to the non-salary payments related to the Statistical Survey Operations pay equity settlement.

Revenues: The increase is primarily the result of timing differences in the receipt of funds for scheduled key deliverables.

C) Risks and uncertainties

Statistics Canada uses a risk-based decision-making process to conduct its business. In order to do so effectively, the agency identifies key corporate risks and develops corresponding mitigation strategies within its Corporate Risk Profile on an annual basis. At this point in time, none of the agency's key corporate risks involve significant financial risks.

D) Significant changes to operations, personnel and programs

In 2017–2018, Statistics Canada will continue the processing and analysis of Census program data, and dissemination of the remaining major 2016 census data releases.

This year a total of six releases took place. For the Census of Population, five releases took place in May, August, September, October and November 2017. Regarding the Census of Agriculture, the release took place in May.

This contrasts with last year, when Statistics Canada focused on data collection and processing activities of the 2016 Census program.

Approval by senior officials

The original version was signed by
Anil Arora, Chief Statistician
Monia Lahaie, Chief Financial Officer
Ottawa, Ontario
Date signed: February 26, 2018

Appendix

Statement of Authorities (unaudited)
Fiscal year 2017–2018
Table summary: This table displays the departmental authorities for the fiscal year 2017-2018. The row headers provide information by type of authority, Vote 105 – Net operating expenditures, Statutory authority and Total Budgetary authorities. The column headers provide information in thousands of dollars for Total available for use for the year ending March 31; used during the quarter ended December 31; and year to date used at quarter-end for 2017-2018.
  Total available for use for the year ending March 31, 2018Table footnote 1 Used during the quarter ended December 31, 2017 Year-to-date used at quarter-end
in thousands of dollars
Vote 1 — Net operating expenditures 504,931 107,830 363,493
Statutory authority — Contribution to employee benefit plans 66,742 16,373 49,119
Total budgetary authorities 571,673 124,203 412,612
Table footnote 1

Includes only Authorities available for use and granted by Parliament at quarter-end.

Return to table footnote 1 referrer

Statement of Authorities (unaudited)
Fiscal year 2016–2017
Table summary: This table displays the departmental authorities for the fiscal year 2016-2017. The row headers provide information by type of authority, Vote 105 – Net operating expenditures, Statutory authority and Total Budgetary authorities. The column headers provide information in thousands of dollars for Total available for use for the year ending March 31; Used during the quarter ended December 31; and year to date used at quarter-end for 2016-2017.
  Total available for use for the year ending March 31, 2017Table footnote 1 Used during the quarter ended December 31, 2016 Year-to-date used at quarter-end
in thousands of dollars
Vote 1 — Net operating expenditures 696,601 103,116 504,683
Statutory authority — Contribution to employee benefit plans 78,837 19,709 59,128
Total budgetary authorities 775,438 122,825 563,811
Table footnote 1

Includes only Authorities available for use and granted by Parliament at quarter-end.

Return to table footnote 1 referrer

Departmental budgetary expenditures by Standard Object (unaudited)
Fiscal year 2017–2018
Table summary: This table displays the departmental expenditures by standard object for the fiscal year 2017-2018. The row headers provide information by standard object for expenditures and revenues. The column headers provide information in thousands of dollars for planned expenditures for the year ending March 31; expended during the quarter ended December 31; and year to date used at quarter-end 2017-2018.
  Planned expenditures for the year ending March 31, 2018 Expended during the quarter ended December 31, 2017 Year-to-date used at quarter-end
in thousands of dollars
Expenditures:
(01) Personnel 536,699 136,648 418,589
(02) Transportation and communications 22,235 4,565 11,346
(03) Information 6,755 1,215 3,439
(04) Professional and special services 43,812 5,638 13,595
(05) Rentals 16,829 1,375 9,547
(06) Repair and maintenance 2,782 49 157
(07) Utilities, materials and supplies 3,931 279 754
(08) Acquisition of land, buildings and works - 199 243
(09) Acquisition of machinery and equipment 11,485 2,294 5,719
(10) Transfer payments 100 - -
(12) Other subsidies and payments 47,045 4,707 5,775
Total gross budgetary expenditures 691,673 156,969 469,164
Less revenues netted against expenditures:
Revenues 120,000 32,766 56,552
Total revenues netted against expenditures 120,000 32,766 56,552
Total net budgetary expenditures 571,673 124,203 412,612
Departmental budgetary expenditures by Standard Object (unaudited)
Fiscal year 2016–2017
Table summary: This table displays the departmental expenditures by standard object for the fiscal year 2016-2017. The row headers provide information by standard object for expenditures and revenues. The column headers provide information in thousands of dollars for planned expenditures for the year ending March 31; expended during the quarter ended December 31; and year to date used at quarter-end 2016-2017.
  Planned expenditures for the year ending March 31, 2017 Expended during the quarter ended December 31, 2016 Year-to-date used at quarter-end
in thousands of dollars
Expenditures:
(01) Personnel 537,192 129,414 405,962
(02) Transportation and communications 91,884 4,299 60,000
(03) Information 13,896 718 9,190
(04) Professional and special services 209,513 5,320 119,704
(05) Rentals 21,315 5,233 14,017
(06) Repair and maintenance 5,730 195 577
(07) Utilities, materials and supplies 6,411 505 1,609
(08) Acquisition of land, buildings and works - 47 47
(09) Acquisition of machinery and equipment 9,342 2,786 4,858
(10) Transfer payments 100 - 100
(12) Other subsidies and payments 55 16 32
Total gross budgetary expenditures 895,438 148,533 616,096
Less revenues netted against expenditures:
Revenues 120,000 25,708 52,285
Total revenues netted against expenditures 120,000 25,708 52,285
Total net budgetary expenditures 775,438 122,825 563,811

Statistics Canada - Producer Prices Division

Confidential when completed.

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This information is collected under the authority of the Statistics Act, Revised Statutes of Canada, 1985, Chapter S-19.

Completion of this questionnaire is a legal requirement under this Act.

Introduction

Purpose of this Survey

The data collected in this quarterly survey will be used to produce an index that measures the change in average prices charged for securities brokerage services in Canada. Statistics Canada will use the index to estimate inflation-adjusted growth and productivity for this sector of the economy.

This survey applies to registered Dealer/Broker firms in Canada that provide full-service brokerage services to retail clients.

Statistics Canada plans to combine the responses relating to your organization with the information you previously provided on this survey. Your information may also be used by Statistics Canada for other statistical and research purposes.

Confidentiality

Statistics Canada is prohibited by law from releasing any information it collects which could identify any person, business or organization, unless consent has been given by the respondent or as permitted by the Statistics Act. Information from this survey will be used for statistical purposes.

Record linkages

To enhance the data from this survey and to minimize the reporting burden, Statistics Canada may combine it with information from other surveys or from administrative data sources.

Your participation is important

Your participation is vital to ensuring that the information collected in this survey is accurate and comprehensive.

Return Procedures…. Need Help?

Please return the completed questionnaire to Statistics Canada within 20 days of receipt by mail using the return envelope. You can also fax it to 1-855-314-8765 or email to ssbs-ppd@statcan.gc.ca.

Lost the return envelope or need help?

Call us at 1-800-478-5086 or mail to:

Statistics Canada,
Producer Prices Division,
170 Tunney's Pasture Driveway,
Jean Talon Bldg, 10th Floor,
Ottawa, Ontario,
K1A 0T6.

Fax or e-mail transmission disclosure

Statistics Canada advises you that there could be a risk of disclosure during the transmission of information by facsimile or email. However, upon receipt, Statistics Canada will provide the guaranteed level of protection afforded all information collected under the authority of the Statistics Act.

Glossary

Account/Household Value Ranges
The market values of assets in accounts on which the fees were based, arranged in a series of ascending tiers.
Advisor Managed Account (discretionary)
An account similar to a fee-based brokerage account except that the Investment Advisor/Broker acts as the portfolio manager and has been given the discretionary authority to make investment decisions on behalf of the client rather than obtaining their approval to execute each transaction. Fees are typically calculated based on a percentage of the market value of assets. This survey excludes wraps or any third party managed accounts.
Asset-Class Based Pricing Model
A pricing model where the fee charged by Investment Advisors/Brokers is calculated based on both the types and market value of assets in accounts. This survey includes only Equity and Fixed Income pricing models.
Blended Pricing Model
A pricing model where the fee charged by Investment Advisors/Brokers is calculated based only on the market value of assets, regardless of the types of assets in accounts.
Canadian Exchange Listed Equities
Stocks that are listed on Canadian securities exchanges such as the Toronto Stock Exchange.
Equity Pricing Model
An Asset-Class Based pricing model that is used to calculate the Investment Advisor/Broker fees charged on Fee-Based Brokerage and Advisor Managed Accounts that contain Equity assets.
Fee-Based Brokerage Account (non-discretionary)
An account similar to a transaction-based account except that clients are charged a fee typically based on a percentage of the market value of assets or a flat annual fee rather than commissions on a per transaction basis. The account fee generally includes a trade allowance and the Investment Advisor/Broker is required to obtain the client's approval before executing securities transactions on their behalf (non-discretionary).
Fixed Income Pricing Model
An Asset-Class Based pricing model that is used to calculate the Investment Advisor/Broker fees charged on Fee-Based Brokerage and Advisor Managed Accounts that contain Fixed Income assets.
Household Value
The market value of a group of accounts that are enrolled together; typically based on address and/or related family members and referred to as a 'household' account.
In these cases, the Investment Advisor/Broker calculates their fee based on the aggregate market value of the 'household' account rather than on the market value of each individual account.
Retail Full-Service Brokerage
The segment of a firm's securities brokerage business where Investment Advisors/Brokers maintain an ongoing relationship with individual investors (retail clients) and work with these clients to determine and implement their investment objectives. Excludes Discount/Online.
Total Commissions
The sum of commissions earned in the calendar quarter for executing trade orders of Canadian exchange listed equities on behalf of retail full-service brokerage clients. Excludes 'new issue' equities and Discount/Online transactions.
Total Fees
The sum of investment advisory/brokerage fees earned for the calendar quarter on Fee-Based Brokerage or Advisor Managed accounts. Excludes taxes and all administrative fees.
Total Account/Household Values
The sum of the market values of assets in accounts on which the fees were based (billable portion of account assets).
Total Principal Value of Trades
The sum of the principal values of trades that were executed during the calendar quarter. Please report based on 'collapsed' fills where applicable.
Trade Value Ranges
The principal values of trades arranged in a series of ascending tiers.
Transaction-Based Account
An account in which Investment Advisors/Brokers charge clients a commission for every trade executed on their behalf. Commissions are usually charged based on a percentage of the principal value of trades or a flat dollar amount.

Section A. Transaction-Based Accounts: Exchange Listed Equities

An account in which Investment Advisors/Brokers charge clients a commission for every trade executed on their behalf. Commissions are usually charged based on a percentage of the principal value of trades or a flat dollar amount.

Please report only for purchases and sales of Canadian exchange listed equities executed on behalf of
retail full-service brokerage clients.

Exclude:

  • 'new issue' equities
  • Discount/Online transactions

Instructions:

For each Trade Value Range (A), please report the Total Commissions (B) earned in the calendar quarter and the corresponding Total Principal Value of Trades (C) on which the commissions were based.

Please ensure fills are collapsed where applicable.

Canadian Exchange Listed Equities
(report data in thousands of Canadian dollars)
Table Summary
This table contains no data and is used for exemplary purposes only.
Trade Value Ranges
($ Cdn)
A
Total Commissions
($000's)
B
Total Principal Value of Trades
($000's)
C
up to $9,999    
$10,000-$24,999    
$25,000-$49,999    
$50,000-$99,999    
$100,000-$149,999    
$150,000-$199,999    
$200,000-$399,999    
$400,000-$599,999    
$600,000-$799,999    
$800,000 +    
Totals    

Notes:

  1. When multiple fills are required to complete client orders, please collapse the fills to ensure that the total commissions charged and the corresponding total principal value of trades are aggregated and reported correctly.
  2. Include transactions for fee-based brokerage accounts only in cases where clients were charged a commission for a trade that exceeded their trade allowance.
  3. Include the total principal value of trades for trades that were executed for free.

Section B. Fee-Based Brokerage Accounts (non-discretionary): Blended Pricing Model

An account similar to a transaction-based account except that clients are charged a fee typically based on a percentage of the market value of assets in the account or a flat annual fee rather than commissions on a per transaction basis. The account generally includes a trade allowance and the Investment Advisor/Broker is required to obtain the client's approval before executing securities transactions on their behalf (non-discretionary).

Blended Pricing Model: a pricing model where the fee charged by Investment Advisors/Brokers is calculated based only on the market value of assets in the account or group of accounts (household), regardless of the types of assets in accounts.

Examples:

  • The fee is charged as a flat dollar amount or calculated as an annual percentage rate based on the total market value of assets in the account or group of accounts (household).
  • The fee is calculated by applying different rates to incremental dollar portions of the total market value of assets in the account or group of accounts (household) which are then blended together to derive the fee.

Instructions:

For each Account/Household Value Range (A), report the Total Fees (B) earned for the calendar quarter and the corresponding Total Account/Household Values (C) on which the fees were based (billable portion of account assets).

Blended Pricing Model
(report data in thousands of Canadian dollars)
Table Summary
This table contains no data and is used for exemplary purposes only.
Account/Household Value Ranges
($ Cdn)
A
Total Fees
($000's)
B
Total Account/Household Values
($000's)
C
up to $99,999    
$100,000-$249,999    
$250,000-$499,999    
$500,000-$999,999    
$1 Million-$1.9 Million    
$2 Million-$4.9 Million    
$5 Million-$9.9 Million    
$10 Million +    
Totals    

Section B. Fee-Based Brokerage Accounts (non-discretionary): Asset-Class Based Pricing Models

An account similar to a transaction based account except that clients are charged a fee typically based on a percentage of the market value of assets in the account or a flat annual fee rather than a commission on a per transaction basis. The account generally includes a trade allowance and the Investment Advisor/Broker is required to obtain the client's approval before executing securities transactions on their behalf (non-discretionary).

Asset-Class Based Pricing Model: a pricing model where the fee charged by Investment Advisors/Brokers is calculated based on both the types and market value of assets in the account or group of accounts (household). This survey only includes data for the Equity and Fixed Income pricing models.

Instructions:

For each Account/Household Value Range (A), report the Total Fees (B) earned for the calendar quarter and the corresponding Total Account/Household Values (C) on which the fees were based (billable portion of account assets).

Asset-Class Based Pricing Models
(report data in thousands of Canadian dollars)
Table Summary
This table contains no data and is used for exemplary purposes only.
Account/Household Value Ranges
($ Cdn)
A
Total Fees
($000's)
B
Total Account/Household Values
($000's)
C
1. Equity
up to $99,999    
$100,000-$249,999    
$250,000-$499,999    
$500,000-$999,999    
$1 Million-$1.9 Million    
$2 Million-$4.9 Million    
$5 Million-$9.9 Million    
$10 Million +    
Totals    
2. Fixed Income
up to $99,999    
$100,000-$249,999    
$250,000-$499,999    
$500,000-$999,999    
$1 Million-$1.9 Million    
$2 Million-$4.9 Million    
$5 Million-$9.9 Million    
$10 Million +    
Totals    

Section C. Advisor Managed Accounts (discretionary): Blended Pricing Model

An account similar to a fee-based brokerage account except that the Investment Advisor/Broker acts as the portfolio manager on the account and has been given discretionary authority to make investment decisions on behalf of the client rather than obtaining their approval to execute each transaction. Fees are typically calculated based on a percentage of the market value of assets. This survey excludes wraps or any third party managed accounts.

Blended Pricing Model: a pricing model where the fee charged by Investment Advisors/Brokers is calculated based only on the market value of assets in the account or group of accounts (household), regardless of the types of assets in accounts.

Examples:

  • The fee is charged as a flat dollar amount or calculated as an annual percentage rate based on the total market value of assets in the account or group of accounts (household).
  • The fee is calculated by applying different rates to incremental dollar portions of the total market value of assets in the account or group of accounts (household) which are then blended together to derive the fee.

Instructions:

For each Account/Household Value Range (A), report the Total Fees (B) earned for the calendar quarter and the corresponding Total Account/Household Values (C) on which the fees were based (billable portion of account assets).

Blended Pricing Model
(report data in thousands of Canadian dollars)
Table Summary
This table contains no data and is used for exemplary purposes only.
Account/Household Value Ranges
($ Cdn)
A
Total Fees
($000's)
B
Total Account/Household Values
($000's)
C
$100,000-$249,999    
$250,000-$499,999    
$500,000-$999,999    
$1 Million-$1.9 Million    
$2 Million-$4.9 Million    
$5 Million-$9.9 Million    
$10 Million +    
Totals    

Section C. Advisor Managed Accounts (discretionary): Asset-Class Based Pricing Models

An account similar to a fee-based brokerage account except that the Investment Advisor/Broker acts as the portfolio manager on the account and has been given discretionary authority to make investment decisions on behalf of the client rather than obtaining their approval to execute each transaction. Fees are typically calculated based on a percentage of the market value of assets. This survey excludes wraps or any third party managed accounts.

Asset-Class Based Pricing Model: a pricing model where the fee charged by Investment Advisors/Brokers is calculated based on both the types and market value of assets in the account or group of accounts (household). This survey only includes data for the Equity and Fixed Income pricing models.

Instructions:

For each Account/Household Value Range (A), report the Total Fees (B) earned for the calendar quarter and the corresponding Total Account/Household Values (C) on which the fees were based (billable portion of account assets).

Asset-Class Based Pricing Models
(report data in thousands of Canadian dollars)
Table Summary
This table contains no data and is used for exemplary purposes only.
Account/Household Value Ranges
($ Cdn)
A
Total Fees
($000's)
B
Total Account/Household Values
($000's)
C
1. Equity
$100,000-$249,999    
$250,000-$499,999    
$500,000-$999,999    
$1 Million-$1.9 Million    
$2 Million-$4.9 Million    
$5 Million-$9.9 Million    
$10 Million +    
Totals    
2. Fixed Income
$100,000-$249,999    
$250,000-$499,999    
$500,000-$999,999    
$1 Million-$1.9 Million    
$2 Million-$4.9 Million    
$5 Million-$9.9 Million    
$10 Million +    
Totals    

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The Softwood Lumber Satellite Account: Sources, Methods and Preliminary Results

Executive summary

  • This report describes the preliminary release of the Softwood Lumber Satellite Account (SLSA) for reference years 2013 to 2015. The SLSA presents a supply and use table at purchaser prices that provides detail on core industries and products related to the Canadian forestry sector, while aggregating all other industry and product detail.
  • The SLSA situates the size and scope of several forestry-related industries and products within the economy as a whole. It integrates several Statistics Canada data products into the coherent macroeconomic framework of a supply and use table.
  • The 2013 figures have been benchmarked to the published Canadian supply and use tables (CSUTs). The 2014 and 2015 figures have been benchmarked to the income and expenditure gross domestic product aggregates from the Provincial and Territorial Economic Accounts (CANSIM tables 384-0037 and 384-0038).
  • The industries of interest range from loggers through to lumber, pulp and paper processing and finally, construction. These industries cover the major producers and users of products related to Canada's forestry sector. Specifically, NAICS 113, 115, 23, 321 and 322 are included.
  • The products of interest range from logs through to lumber and panels and on to secondary converted paper products whose production ultimately depends on feedstock primarily originating in Canadian forests. Several core services, such as log harvesting and construction activities, are also included.
  • The SLSA data differ from the Annual Survey of Manufacturing and Logging – Principal Statistics data. The differences are conceptual and methodological in nature. The SLSA uses the same concepts, classifications and structure as the Canadian System of Macroeconomic Accounts. Therefore, SLSA results are directly comparable with macroeconomic measures such as total economy gross domestic product, total output, exports, and final demand.
  • The SLSA differs from the Natural Resources Satellite Account (which has a forestry element). The SLSA is built along industry lines (NAICS) whereas the NRSA is an activity-based compilation. Both accounts provide useful perspectives on the forestry sector.
  • Gross value added from forestry-related industries increased in the years studied and amounted to roughly $20 billion per year. This $20 billion accounts for slightly more than 1% of Canada's total gross domestic product. In 2015, exports totalled more than $30 billion and imports totalled roughly $10 billion, resulting in a trade surplus of over $20 billion. Softwood products (of all types) were far more important than hardwood products in terms of gross added value. Contract loggers are extremely important components in the sector.

Background

Canada has the third-largest forested area in the world. It supports hundreds of thousands of jobs, and many billions of dollars in GDP and exports.Note 1 In this way, Canadian forests form the backbone of a large amount of economic activity. It begins with harvesting activities, where raw products are extracted from the forests, employing loggers, transporters, silviculture experts and tree farmers. The products continue through complex supply chains involving lumber producers, wood pellet manufacturers, particleboard and plywood makers, and pulp and paper mills. End users across Canada and the throughout the world benefit. Canadian lumber is used to build our homes, Canadian wood waste is used to heat our homes, and Canadian pulp produces the paper and packaging we see every day.

Canadian forestry supply chains have evolved to ensure that very little of what is harvested goes to waste: the right log for the right purpose. A "saw log" is different from a "pulp log." Sawdust is different from wood shavings, which are different from wood chips. Pulp made from softwoods has different characteristics than pulp made from hardwoods. Logs can be turned into lumber (of a variety of grades for a variety of uses), telephone poles or fence posts. Sawdust can be burned in boilers or used to make particleboard. Wood chips go to pulp mills. Planer shavings can be used for animal bedding. Canadian industry has evolved to make every effort to ensure that the maximum benefit is extracted from the harvested resource.

Management of Canadian forests is the responsibility of provincial governments. Each province takes a slightly different approach to how its forests are managed, though most have "tenure systems", i.e., mechanisms to impart rights to access a given area and harvest from it. Manufacturing end users in each province have also developed different means of acquiring their product. For example, in Nova Scotia, private land plays an important role in supplying products.Note 2 In British Columbia, nearly 100% of harvested products come from provincial Crown land. However, BC Timber Sales manages nearly 20% of the annual allowable cut, allowing for relatively easy access to the forests for smaller, short-term uses.

The diverse products originating in Canada's diverse landscape of forests, combined with a highly regulated environment for extraction, makes this a very complicated sector on which to generate statistics.

The Softwood Lumber Satellite Account

Statistics Canada produces a wealth of information on the forestry sector and its many supply chains. Statistics related to jobs, output, imports, exports and investment can be found among the many statistical products it releases. The Softwood Lumber Satellite Account (SLSA) complements this information by bringing it together in a consistent national accounting framework. In this way, the SLSA enables us to better understand the size, scope and evolution of the industry and place it in the context of the size, scope and evolution of Canada's total economic activity.

Supply and use tables

The SLSA is constructed as a supply and use table.

Supply and use tables (SUTs) are a powerful tool with which to compare and contrast data from various sources and improve the coherence of the economic information system. They permit an analysis of products and industries at a very detailed level within a consistent, internationally recognized economic measurement framework.Note 3

SUTs articulate the supply and uses of all products in the economy. A stylized version is shown in Table 1. The supply of a product can originate from domestic production or imports and is expressed in purchaser prices (the price paid by the final consumer of the good) after including margins for transport, trade, sales taxes and tariffs.

There are four broad categories of uses of products. Products can be used by businesses for the production of other goods or services (intermediate consumption); by households, government or non-profit institutions for final consumption; by businesses or governments as an asset for ongoing production (investment or capital formation); or to satisfy non-resident demand via exports.

Table 1: Stylized supply and use table
Table summary
This table displays the results of Table 1: Stylized supply and use table Supply and Use (appearing as column headers). This table contains no data.
  Supply Use
Domestic Production Imports Margins Intermediate Consumption Final Consumption Capital Formation Exports
Products              

In addition to presenting a complete articulation of product balances in the economy, SUTs bring together three different approaches to calculate gross domestic product (GDP):

  1. The production approach, where gross value added is the balancing item after subtracting intermediate inputs from output.
  2. The income approach, where GDP is calculated as the sum of the various types of returns to the factors of production—for example, operating surplus of firms and compensation of employees.
  3. The expenditure approach, where GDP is measured using the basic macroeconomic formula, GDP = final household consumption + investment + government consumption + exports – imports.

By bringing together the three GDP measures and the product balances, SUTs allow us to compare the share of foreign demand and the share of domestic demand. We can examine how goods are produced. We can link this information with labour market data to understand jobs and compensation. We can build multipliers to understand the impacts of shocks on the economy. In short, SUTs are the most comprehensive analytical tool with which to examine the activities of a nation's economy.

Industry, product and final demand classifications

Table 1 is constructed along two general dimensions: a "product" dimension, expressed in the rows of the SUT, and an "industry and final uses" dimension expressed in the columns. The benchmark Canadian supply and use tables (CSUTs) use the Supply and Use Product Classification (SUPC) for products, the Input-Output Industry Classification (IOIC) for domestic producers and intermediate consumption, and the Supply and Use Final Demand Classification (SUFDC) for disaggregating capital formation and final consumption. Each of these classifications is anchored to an International or North American standard classification system:

  • SUPC the North American Product Classification System (NAPCS)
  • SUPC the Harmonized System (HS) for trade
  • IOIC the North American Industry Classification System (NAICS)
  • SUFDC COICOP for Final Consumption Expenditures by households

The SLSA is composed of 17 industries and 9 final demand categories. There are 57 products (including value-added components). Table 2 shows the relationship between the SLSA industries and their counterpart in the benchmark CSUT. The SLSA industries disaggregate three CSUT industries along NAICS lines, creating 10 new industries.

Table 2 – Concordance between Core CSUT and Satellite Account industries
Table summary
This table displays the results of Table 2 – Concordance between Core CSUT and Satellite Account industries. The information is grouped by CSUT-IOIC Code (appearing as row headers), CSUT-IOIC Title, SLSA Industry Code, NAICS 6-Digit and SLSA Industry Title (appearing as column headers).
CSUT-IOIC Code CSUT-IOIC Title SLSA Industry Code NAICS 6-Digit SLSA Industry Title
BS113000 Forestry and logging BS113110 113110 Timber tract operations
BS113210 113210 Forest nurseries and gathering of forest products
BS113311 113311 Logging (except contract)
BS113312 113312 Contract logging
BS115300 Support activities for forestry BS115300 115310 Support activities for forestry
BS321100 Sawmills and wood preservation BS321111 321111 Sawmills (except shingle and shake mills)
BS321112 321112 Shingle and shake mills
BS321114 321114 Wood preservation
BS321200 Veneer, plywood and engineered wood product manufacturing BS321211 321211 Hardwood veneer and plywood mills
BS321212 321212 Softwood veneer and plywood mills
BS32121A 321215 Engineered wood product manufacturing
BS32121A 321216 Engineered wood product manufacturing
BS32121A 321217 Engineered wood product manufacturing
BS321900 Other wood product manufacturing BS321900 Several Other wood product manufacturing
BS322100 Pulp, paper and paperboard mills BS322100 Several Pulp, paper and paperboard mills
BS322200 Converted paper product manufacturing BS322200 Several Converted paper product manufacturing
BS23A000 Residential building construction BS23A000 N/ATable 2 note Residential building construction
BS23B000 Non-residential building construction BS23X000 N/ATable 2 note Construction (except residential building construction)
BS23C100 Transportation engineering construction BS23X000 N/ATable 2 note Construction (except residential building construction)
BS23C200 Oil and gas engineering construction BS23X000 N/ATable 2 note Construction (except residential building construction)
BS23C300 Electric power engineering construction BS23X000 N/ATable 2 note Construction (except residential building construction)
BS23C400 Communication engineering construction BS23X000 N/ATable 2 note Construction (except residential building construction)
BS23C500 Other engineering construction BS23X000 N/ATable 2 note Construction (except residential building construction)
BS23D000 Repair construction BS23X000 N/ATable 2 note Construction (except residential building construction)
BS23E000 Other activities of the construction industry BS23X000 N/ATable 2 note Construction (except residential building construction)
All other supply-use industry codes   OTHERIND   All other industries
Table 2 note †

Construction industries are not directly equivalent to NAICS in the CSUT. Rather, they are defined by the type of asset produced. In this way, construction is considered "activity-based" in the CSUTs.

Return to the first Table 2 note referrer

The expansion of CSUT-IOIC BS113000 allows the activities of contract loggers to be analyzed separately from those of non-contract loggers. Given the system of forest management in Canada, this separation of activities is of analytical value. Tenure holders are given the right to harvest a certain amount of trees from a given area for a predetermined period of time. In other words, they are given ownership rights over the materials. However, many of these companies employ "contract loggers" to gather and transport the logs from the forest area to the mill that requires the material (e.g., a sawmill or a pulp mill). These harvesting companies do not themselves "own" the logs they harvest. Their revenues are earned by selling a "service." In contrast, companies in the non-contract logging industry are assumed to own the logs they harvest, and thus earn revenue by selling a log.

The expansion of CSUT-IOIC BS321100 allows for the isolation of the activities of sawmills, without mixing the input or output patterns or value added ratios of the other industries contained in the CSUT industry. Although these other NAICS are of relatively lesser size for most provinces, their outputs and inputs can be sufficiently different in nature to make it useful to distinguish their figures.

Finally, the expansion of CSUT-IOIC BS321200 allows for the distinction between hardwood and softwood panel producers and those producing other types of engineered wood products.

Table 3 provides a link between the CSUT products that are disaggregated in the Satellite Account. For the most part, it distinguishes between the hardwood and softwood varieties of the corresponding benchmark CSUT products. This facilitates the analysis of these two very distinct types of forest products.

Table 3 – Concordance between Core CSUT and Satellite Account products
Table summary
This table displays the results of Table 3 – Concordance between Core CSUT and Satellite Account products. The information is grouped by CSUT-SUPC (appearing as row headers), CSUT-Description, Satellite Product and Detailed Title (appearing as column headers).
CSUT-SUPC CSUT-Description Satellite Product Detailed Title
MPG113001 Logs MPG113001H1 Hardwood logs and bolts (except fuel wood and pulpwood)
MPG113001S1 Softwood logs and bolts (except fuel wood and pulpwood)
MPG113002 Pulpwood MPG113002H1 Hardwood pulpwood
MPG113002S1 Softwood pulpwood
MPG113004 Rough untreated poles, posts and piling MPG113004H1 Rough untreated poles, posts and piling of hardwood
MPG113004S1 Rough untreated poles, posts and piling of softwood
MPG321103 Wood chips MPG321103H1 Hardwood chips
MPG321103S1 Softwood chips
MPG321201 Veneer and plywood MPG321201H1 Hardwood plywood
MPG321201H2 Hardwood veneer
MPG321201S1 Softwood plywood
MPG321201S2 Softwood veneer
MPG321908 Wood products, n.e.c. MPG321908H1 Hardwood flooring
MPG321908H2 Hardwood cut stock and dimension and other hardwood millwork products
MPG321908S1 Softwood flooring
MPG321908S2 Softwood cut stock and dimension and other hardwood millwork products
MPG321908X1 Sawn wood fence stock and wood lath, wood mouldings and other wood products, n.e.c.
MPG321X00 Waste and scrap of wood, wood by-products MPG321X00H1 Hardwood sawdust
MPG321X00H2 Hardwood shavings
MPG321X00S1 Softwood sawdust
MPG321X00S2 Softwood shavings
MPG321X00X1 Waste and scrap of wood
MPG321X00X2 Hog fuel
MPG322101 Wood pulp MPG322101H1 Sulphate hardwood pulp (including soda)
MPG322101S1 Sulphate softwood pulp (including soda)
MPG322101X1 Other wood pulp
ENE32A000 Solid fuel products, n.e.c. ENE32A000X1 Fuel products of wood waste
ENE32A000X2 Other solid fuel products, n.e.c.

There are 28 other products within the SLSA but these products are equivalent to the products in the benchmark CSUT. They include contract logging services, hardwood and softwood lumber, as well as paper and paperboard products, among others.

The nine final demand categories delineate household final consumption (PEC00), non-profit institution and government final consumption (CE000), gross fixed capital formation (GFCF0), changes in inventories (INV00) and trade: international exports (INTEX), international re-exports (INTRX), international imports (INTIM), interprovincial exports (IPTEX) and interprovincial imports (IPTIM).

Data sources and methodology

The SLSA is based on two key Statistics Canada data products: the Annual Survey of Manufacturing and Logging (ASML)Note 4 and customs and balance of payments data from the International Accounts and Trade Division (IATD). The ASML is the core information used to build the industries in the SLSA (other than the construction industries). The IATD data are used to generate international imports and exports estimates.

To generate the SLSA industry estimates, ASML information must be transformed and adjusted to align with macroeconomic concepts. This introduces differences between what is published as part of the ASML principal statisticsNote 5 and what is captured in the Satellite Account. Conceptually, the Satellite Account covers operating activities, whereas several of the ASML principal statistics include non-operating revenues and expenses. Furthermore, valuation adjustments are made to inventories in national accounts, which are not made in the survey data. Methodologically, some items are combined and presented differently. For example, finished goods inventory changes are netted out against sales revenues as part of Satellite Account output. Purchases of goods for resale are netted out against sales of goods for resale and called a margin output in the SUT.

The Satellite Account incorporates published ASML and IATD data for all reference years. For reference year 2013, the benchmark CSUTs were used to anchor the estimates and provide the contextual information for the economy as a whole. For 2014 and 2015, the benchmark CSUTs were not available, so GDP aggregates from the Provincial and Territorial Economic Accounts were relied upon to anchor the economy-wide totals.Note 6

Once the industry estimates are generated and benchmark GDP information has been compiled, the remaining elements of supply and use are added: trade and transport margins and taxes on products, international and interprovincial imports and exports, household and government consumption, and investment information. Each of these elements begins with source information and then allocates to products using concordances. For example, international trade data are primarily sourced from customs data collected using the Harmonized System (HS). The HS is at an even more detailed level than the Satellite Account products and is thus merely a process of aggregating data.

Once initial estimates have been generated and the data have been adjusted to international macroeconomic accounting concepts, the data are integrated into the supply and use framework and two key accounting identities are reconciled:

  1. Supply = use, across all products; and
  2. Outputs = inputs, for each industry.

In practice, source data and estimation methods do not generate estimates that satisfy these constraints. These constraints are satisfied through an iterative process known as product balancing.Note 7 During this process, the strengths and weaknesses of all data sources are assessed and adjustments are made to reconcile the different sources of information. By the end of this process, inconsistencies have been identified, feedback has been made to source data providers and the constraints have been satisfied. The result is a completely coherent set of information for the industries and products compiled.

Quality assurance in the SLSA

The product balancing technique is one of several key data quality assurance practices and procedures undertaken in SUT compilation. Others include:

Ensuring enterprise coherence

In a statistical system, large companies are generally divided into operating segments whose data are collected from different sources (e.g. surveys). Aggregate survey data can be cross-checked with corporate tax filings or a company's annual reports to ensure that the trends and levels are coherent and that they conform to expectations concerning the trends.

Confirming industry dynamics

When company financial information is aggregated and converted to national accounting concepts, the ratios of inputs to outputs can be compared in either real or nominal terms. The expectation is that these ratios should not change dramatically over a one-year period (certainly in real terms) without a significant economic event accounting for the change (e.g., exit or entry of a significantly different firm, technological change, large variations in relative prices of inputs or outputs).

Analyzing time series

Since the SUTs are compiled with tremendous detail, one can compare many different series over time. Do total outputs change dramatically from one year to the next? Can price fluctuations account for these changes? Does a certain input or output product change over time? If so, have the production processes of the dominant companies changed? Do output volumes follow a trend similar to that of export volumes? In all cases, viewing each of these elements independently, then cross-checking against secondary sources, greatly enhances confidence in the underlying data.

Comparing with external information

All the above checks can be done with reference to external information as well. Annual reports, company websites, association websites and news articles all describe the economic events of a given year and can help shed light on the trends presented by source data.

Results

The SLSA provides a wealth of information at a detailed level. What follows are just some of the possible tabulations from the account. The added value associated with the core SLSA industries (BS113, BS1153, BS321, BS322, i.e. excluding construction and all other industries) is small relative to the total economy.

Table A1
Value added, core SLSA industries (excluding construction and all other industries), thousands of dollars
Table summary
This table displays the results of Value added 2013, 2014 and 2015 (appearing as column headers).
  2013 2014 2015
Value Added Forestry and Related Core 20,410,218 20,692,003 22,226,634
Value Added Total Economy 1,777,213,062 1,858,113,000 1,855,439,000
Value Added Share 1.1% 1.1% 1.2%

However, this view might understate the importance of this added value; when we look at the value of exports, we see that the sector contributes over 5% of the total economy exports.

Table A2
Total exports, core SLSA products, thousands of dollars
Table summary
This table displays the results of Total exports 2013, 2014 and 2015 (appearing as column headers).
  2013 2014 2015
Total Exports Forestry and Related 29,267,641 31,913,399 34,046,064
Exports Total Economy 543,809,590 626,019,059 626,969,754
Share of Exports 5.4% 5.1% 5.4%

As a share of total output, again, the core industries represent a relatively small share of the total output of the economy.

Table A3
Total output, core SLSA industries (excluding construction and all other industries), thousands of dollars
Table summary
This table displays the results of Total output 2013, 2014 and 2015 (appearing as column headers).
  2013 2014 2015
Output Forestry and Related Core 62,725,725 66,133,142 68,747,044
Output Total Economy 3,353,163,046 3,658,815,309 3,686,395,636
Output Share 1.9% 1.8% 1.9%

The value added across the core industries nears $20 billion and is increasing over the time period. The value added to output ratio remains relatively stable.

Table A4
Value added and ratio-to-output – Core SLSA industries (excluding construction and all other industries, thousands of dollars
Table summary
This table displays the results of Value added and ratio-to-output – Core SLSA industries (excluding construction and all other industries 2013, 2014 and 2015 (appearing as column headers).
  2013 2014 2015
Value Added 20,410,218 20,692,003 22,226,634
Value Added Ratio 33% 31% 32%

The importance of contract loggers is highlighted in the following table, where their output exceeds that of non-contract loggers in two of the three years studied.

Table A5
Total output and output shares, logging and contract logging industries, thousands of dollars
Table summary
This table displays the results of Total output and output shares 2013, 2014 and 2015 (appearing as column headers).
  2013 2014 2015
BS113311 – Logging (except contract) 4,408,253 4,616,673 5,045,647
BS113312 – Contract Logging 4,974,886 5,270,118 4,873,763
BS113311 – Logging (except contract) 47% 47% 51%
BS113312 – Contract Logging 53% 53% 49%

International exports increased strongly over the period, with gains experienced by most provinces. The provincial distribution highlights the clear concentration of the exports originating in Quebec, Ontario and British Columbia.

Table A6
International exports by province and provincial shares, core SLSA products, thousands of dollars
Table summary
This table displays the results of International exports by province and provincial shares – Core SLSA products. The information is grouped by Province (appearing as row headers), 2013, 2014 and 2015 (appearing as column headers).
Province 2013 2014 2015 2013 2014 2015
Newfoundland and Labrador 121,700 170,121 166,735 0% 1% 0%
Prince Edward Island 546 2,114 2,300 0% 0% 0%
Nova Scotia 562,435 607,642 639,352 2% 2% 2%
New Brunswick 1,610,322 1,660,026 1,727,752 6% 5% 5%
Quebec 7,891,830 8,709,671 9,291,092 27% 27% 27%
Ontario 4,375,118 4,861,845 5,483,521 15% 15% 16%
Manitoba 352,321 418,239 423,741 1% 1% 1%
Saskatchewan 453,139 430,696 433,591 2% 1% 1%
Alberta 2,552,579 2,748,593 3,124,990 9% 9% 9%
British Columbia 11,346,944 12,304,174 12,752,658 39% 39% 37%
Yukon 686 274 326 0% 0% 0%
Northwest Territories 21 4 5 0% 0% 0%
Nunavut 0 0 1 0% 0% 0%
Canada 29,267,641 31,913,399 34,046,064 100% 100% 100%

The following table highlights the importance of the SLSA commodities in terms of a province's total exports. For British Columbia, these products are a very important share of total exports.

Table A7
SLSA products as a share of total provincial international exports by province
Table summary
This table displays the results of SLSA products as a share of total provincial international exports by province. The information is grouped by Province (appearing as row headers), 2013, 2014 and 2015 (appearing as column headers).
Province 2013 2014 2015
Newfoundland and Labrador 0.9% 1.2% 1.6%
Prince Edward Island 0.1% 0.2% 0.2%
Nova Scotia 9.0% 8.5% 8.7%
New Brunswick 10.7% 10.8% 10.8%
Quebec 8.9% 8.7% 8.6%
Ontario 2.1% 1.9% 2.0%
Manitoba 2.5% 2.7% 2.5%
Saskatchewan 1.4% 1.2% 1.4%
Alberta 2.3% 2.1% 3.0%
British Columbia 23.7% 23.2% 23.1%
Yukon 0.2% 0.1% 0.1%
Northwest Territories 0.0% 0.0% 0.0%
Nunavut 0.0% 0.0% 0.0%
Canada 5.4% 5.1% 5.4%

As expected, sawmills are the dominant portion of NAICS 3211. When split in the Satellite Account, the other industries represent less than 10% of value added for the group.

Table A8
Value added and value added shares, thousands of dollars
Table summary
This table displays the results of Value added and value added shares 2013, 2014 and 2015 (appearing as column headers).
  2013 2014 2015
BS321111 – Sawmills (except shingle and shake mills) 3,626,320 3,673,835 3,806,598
BS321112 – Shingle and shake mills 124,330 124,473 121,795
BS321114 – Wood preservation 218,711 191,841 229,771
BS321111 – Sawmills (except shingle and shake mills) 91% 92% 92%
BS321112 – Shingle and shake mills 3% 3% 3%
BS321114 – Wood preservation 6% 5% 5%

Canada is a large net exporter of forestry-related products. Our imports are primarily products further down the supply chain; for example, converted paper products (MPG322209) range from $1.8 billion in 2013 to $2.2 billion in 2015, paper (MPG322102) ranges from $1.7 billion in 2013 to $1.9 billion in 2015 and disposable diapers and feminine products range from $0.6 billion in 2013 to $0.8 billion in 2015.

Table A9
International exports and imports of core SLSA products, thousands of dollars
Table summary
This table displays the results of International exports and imports of core SLSA products (excluding all other industries) 2013, 2014 and 2015 (appearing as column headers).
  2013 2014 2015
International Exports 29,267,641 31,913,399 34,046,064
International Imports 10,803,645 11,674,258 12,851,092

As expected, the value of Canadian production of softwood logs far outweighs that of hardwood logs. The dominance of softwood over hardwood products occurs in every product split along these lines.

Table A10
Output of logs – All SLSA industries, all provinces, thousands of dollars
Table summary
This table displays the results of Output of logs – All SLSA industries 2013, 2014 and 2015 (appearing as column headers).
  2013 2014 2015
MPG113001H1 - Hardwood logs and bolts (except fuel wood and pulpwood) 255,315 183,809 221,405
MPG113001S1 - Softwood logs and bolts (except fuel wood and pulpwood) 3,295,843 3,246,018 3,277,062

Softwood chips are an extremely important input into the pulp and paper industry. They are valued at over $2 billion and make up over 20% of total intermediate inputs.

Table A11
Intermediate use of softwood chips (MPG321103S1) in the pulp and paper industry (BS322100), thousands of dollars
Table summary
This table displays the results of Intermediate use of softwood chips (MPG321103S1) in the pulp and paper industry (BS322100) 2013, 2014 and 2015 (appearing as column headers).
  2013 2014 2015
Value 2,246,509 2,636,799 2,804,241
Percent of Intermediate Inputs 21% 23% 23%

Overall, the sector is small relative to total national economic activity, but its importance as an export sector is more significant and this significance varies across provinces. In terms of both output and exports, softwood products are far more important than hardwood products, although there are dedicated mills processing all types of products extracted from Canadian forests.

The SLSA provides detailed information on the sector that is not available in other official statistics. It provides more granular information for certain industries and products and it situates the sector in the context of total economic activity. It provides a better understanding of the structure of the sector and how this varies from one province to another. Many more observations and tabulations can be generated from the SLSA to expose the complexity and interconnectedness of the Canadian forestry sector. Readers are encouraged to explore the detailed tables accompanying the release.

Travel Survey of Residents of Canada: C.V. Results for TSRC Q3 2017

Travel Survey of Residents of Canada: C.V. Results for TSRC Q3 2017
Table summary
This table displays the results of C.V. Results for TSRC Q3 2017. The information is grouped by Province (appearing as row headers), Total Spending C.V. and Person-Trips C.V. (appearing as column headers).
Province Total Spending C.V. Person-Trips C.V.
%
Newfoundland and Labrador 14.7 6.5
Prince Edward Island 13.8 9.2
Nova Scotia 8.6 5.7
New Brunswick 9.9 6.0
Quebec  5.8 4.2
Ontario 4.6 4.0
Manitoba 7.8 7.7
Saskatchewan 7.2 5.6
Alberta 7.7 5.6
British Columbia 8.6 5.4
Canada 3.3 2.1