Stokes Economic Consulting Inc

What Stokes Economic Consulting Inc does

Stokes Economic Consulting Inc (operating as Stokes Economics) is a privately held Canadian economic consulting firm established in 1995, headquartered in Milton, Ontario. The firm provides economic forecasting, economic impact analysis, labour market information, and custom economic modeling services primarily to federal and provincial government ministries, agencies, crown corporations, human resource sector councils, utilities, major project owners, environmental organizations, educational institutions, and financial institutions in Canada. Named clients include the Canada Energy Regulator, BuildForce Canada, Engineers Canada, Council of Ontario Universities, Colleges Ontario, Electricity Human Resources Canada, Efficiency Canada, Canadian Energy Centre, ATB, and the Vector Institute.

The firm's core technology consists of proprietary large-scale macroeconomic models covering approximately 3,500 variables per province (with roughly 1,400 endogenous variables) for all ten provinces and three territories, plus sub-provincial regional models for Ontario (14 economic regions), British Columbia (7 economic regions), and Alberta (Calgary and Edmonton). These models incorporate input-output pricing relationships, a cohort-survival demographic projection approach, and an extensive major capital projects inventory. A separate occupational modeling system produces supply-and-demand gap projections for 500 NOC occupations, with components covering expansion demand, replacement demand, new entrants, and net in-mobility including immigration and interprovincial migration. All models are calibrated to Statistics Canada data and updated semi-annually.

The business operates on two revenue streams: (1) subscription-based economic outlook publications (the Stokes Economic Outlook, Ontario Regional Macroeconomic Outlook, BC Regional Macroeconomic Outlook, and Alberta Regional Model) sold on annual subscription fee terms to institutional clients, and (2) custom professional services including economic impact assessments, demographic projections, macroeconomic scenario work, fiscal policy analysis, and labour market studies. The firm is founder-owned — Aaron Stokes serves as President and Director with sole ownership — and is delivered by a small specialized team of five named professionals. The company maintains a direct, relationship-based go-to-market motion with no disclosed institutional investment, partnerships, or M&A activity.

Name

Stokes Economic Consulting Inc

Legal name

Stokes Economics

Website

https://stokeseconomics.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

1–10 employees

Short description

Stokes Economic Consulting Inc is a Canadian economic consulting firm, founded in 1995 and based in Milton, Ontario, that provides economic forecasting, impact analysis, labour market modeling, and custom macroeconomic consulting to government ministries, sector councils, utilities, and educational institutions across Canada.

Ownership category

akta.pro rank

Product category

Economic Consulting and Forecasting

akta.pro primary industry

Economic & Macroeconomic Research (BPAHALAD)

akta.pro secondary industries

Economic Research, Statistics & Policy Advisory (BPADAMAJ), Macro & Rates Research (FSACAGAC)

Keywords

• Economic forecasting services
• Macroeconomic modelling
• Labour market analysis
• Economic impact assessment
• Occupational projections

Headquarters

HQ city

Milton

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Subscription Publications: Economic outlook publications provided on a subscription fee basis covering national, provincial, territorial and regional economies. Updated semi-annually.
2. Custom Consulting Services: Custom economic consulting work including economic impact assessments, demographic projections, macroeconomic scenarios, fiscal policy analysis, labour market studies, and occupational supply/demand projections.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Stokes Economics provides model-based economic forecasting, macroeconomic and occupational modelling, and labour market information products for Canadian markets. It sells subscription-based economic outlook publications covering national, provincial, territorial, and regional economies, and delivers custom economic consulting including impact assessments, demographic projections, macroeconomic scenarios, and labour market studies.

Product overview

Stokes Economics is a research and consulting company established in 1995 offering a portfolio of model-based economic intelligence products and services. The core offerings consist of provincial and territorial Macroeconomic Models (covering approximately 3,500 variables per province with input-output relationships and demographic projections) and Occupational Models (providing supply-demand projections for 500 NOC occupations). These are complemented by subscription publications including the Stokes Economic Outlook (national and provincial coverage), Ontario Regional Macroeconomic Outlook (14 Economic Regions), BC Regional Macroeconomic Outlook (7 Economic Regions), and an Alberta Regional Model (Calgary and Edmonton). Custom consulting services provide economic impact assessment, demographic projections, macroeconomic scenarios, fiscal policy analysis, labour market studies, and environmental policy analysis.

Differentiator

Problem solved

Functional benefit

Products and services

• Macroeconomic Models Large provincial and territorial macroeconomic models covering approximately 3,500 variables per province (including approximately 1,400 endogenous variables), featuring input-output relationships, demographic projections, and major capital project inventories. Models cover all ten provinces, three territories, and sub-provincial regions for British Columbia, Alberta, and Ontario. Used by government and enterprise clients for economic forecasting and scenario analysis.
• Occupational Models Labour market supply and demand models producing detailed supply-demand gap projections for 500 NOC occupations across 10 provinces and 3 territories. Includes expansion demand, replacement demand (deaths and retirements), new entrants, and net in-mobility including international and interprovincial migration.
• Stokes Economic Outlook Publication Subscription publication providing description and analysis of national and provincial economic outlooks covering key fundamentals including GDP, employment, consumer expenditures, industry details, demographics, housing, government revenues, prices, and financial markets. Updated semi-annually and informed through consultation with key industry leaders.
• Ontario Regional Macroeconomic Outlook Regional outlook covering 14 Economic Regions and census metropolitan areas within Ontario including the Greater Toronto Area, Hamilton, Kitchener-Waterloo, London, Ottawa, Windsor, and others. Updated semi-annually.
• BC Regional Macroeconomic Outlook Regional economic outlook covering 7 Economic Regions in British Columbia including Vancouver Island and Coast, Lower Mainland-Southwest, Thompson-Okanagan, and others. Updated upon request.
• Alberta Regional Model Regional economic model covering Calgary and Edmonton, with forecasts updated upon request.
• Consulting Services Custom economic consulting including economic impact assessment, long-term demographic projections, custom macroeconomic scenarios, fiscal policy analysis, labour market studies, and analysis of carbon taxes and energy efficiency policies for GHG emission reduction. Delivered to government ministries, agencies, sector councils, project owners, utilities, and industry associations.

Quantifiable outcome

• 500 occupations covered in occupational supply/demand projections
• +4 more outcomes

Named customers11 records

Segments8 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Oxford Economics: Global economic forecasting and consulting firm producing subscription outlooks and custom consulting. Competes with Stokes in macro forecasts for financial institutions and impact analysis for major capital projects.
• Conference Board of Canada: Canada's leading economic research and forecasting institution. Produces national and provincial economic outlooks, scenario analysis, and policy research for government and institutional clients — directly comparable to Stokes' mandate and customer base.
• Informetrica Limited: Ottawa-based economic consulting firm that builds and maintains macroeconomic models and produces provincial economic forecasts for Canadian clients. Closest direct competitor in Canadian provincial macroeconomic modelling.
• Lightcast: Labour market data and analytics firm (formerly Emsi/Burning Glass) providing occupational supply/demand intelligence — directly comparable to Stokes' 500-NOC occupational supply/demand models for the Canadian market.
• Centre for Spatial Economics: Canadian firm (now part of Altus Group) that built regional economic models similar in approach to Stokes' sub-provincial systems. Direct overlap in regional economic modelling and forecasting methodology.

Broad incumbents

• The Conference Board, Inc. US-based sister organization of the Conference Board of Canada. Global economic research, consumer confidence, and CEO surveys — broader scope but overlapping capability in macroeconomic outlooks and custom economic consulting.
• Moody's Analytics: Large financial intelligence firm providing macroeconomic forecasts, scenario analysis, and credit analytics. Overlaps with Stokes' macro forecasting work for financial institutions but operates globally at much greater scale.
• Deloitte Canada Economic Advisory: Economics practice within Deloitte Canada providing macroeconomic analysis, sector studies, and policy advisory to governments and corporations. Competes with Stokes on larger custom consulting engagements and economic impact studies.
• S&P Global Market Intelligence: Global provider of economic data, forecasts, and analytics. Competes with Stokes in providing macroeconomic and provincial/regional outlooks, but within a much broader data and indices franchise.

Others

• C.D. Howe Institute: Canadian economic policy think tank publishing rigorous research on fiscal, monetary, and sectoral policy. Tangentially related — provides policy-oriented economic research consumed by similar stakeholders but as a non-profit rather than a consulting firm.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/stokes-economics

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Stokes Economic Consulting Inc