The second report, commissioned by Clear Seas and produced by the Council of Canadian Academies, examines the value that Canadians receive from marine shipping. The study examines a scope that extends beyond economic impacts and draws conclusions about how marine shipping contributes much to Canadians’ daily lives – whether or not they live in coastal communities.
The report was developed by a multidisciplinary and multisectoral panel of ten experts (the Panel). Guided by Mary Brooks, Professor Emerita, Rowe School of Business, Dalhousie University (Halifax NS) the Panel examined the best available evidence on marine shipping and its value for more than a year.
Overall, this study confirms how marine shipping’s contribution to the lives of Canadians and the Canadian economy is frequently underestimated.
Key economic findings of the report include:
- The national economic impact of marine shipping is equal to approximately 1.8% of the Canadian economy or about $30 billion.
- Marine shipping transports about 20% of Canadian exports and imports by dollar value
- The GDP of Canada’s marine shipping industry is $3 billion
- The marine shipping industry in Canada is a direct and indirect source of income for nearly 100,000 jobs accounting for $4.6 billion in labour income
Published May 24, 2017