Memorial economist Dr. Wade Locke was a member of  a multidisciplinary panel of experts who have released a report by the Council of Canadian Academies entitled Energy Prices and Business Decision-Making in Canada: Preparing for the Energy Future, which presents a comprehensive assessment on the opportunities and risks for Canadian businesses related to sustained higher energy prices.

The panel’s report provides a comprehensive overview of how Canadian businesses have adapted to rising and increasingly volatile energy prices, and explores ways in which these businesses can enhance their resilience. Most notably, the report presents the results of a new survey on business decision-making, which was administered to more than 1,000 Canadian firms, as well as sector profiles that assess the past resiliency of the Canadian industries most exposed to energy prices. Overall, the report serves as the most up-to-date resource for Canadian businesses and policy-makers as they seek to understand the implications of the complex and uncertain energy future and what it means for Canada’s economic prosperity.

The full report is available for download, free of charge, on the Council’s website (www.scienceadvice.ca).