Canadian Industrial Outlook: Food Manufacturing—Summer 2017
This report examines the short-and medium-term economic and profitability outlook for Canada’s food manufacturing industry.
- Europeans Betting on Canadian Food—The food manufacturing industry has benefited from strong inflows of foreign direct investment (FDI) over the past five years, led by a surge in European capital. These inflows coincide with some of the strongest gains in labour productivity that the industry has produced in recent history.
- Canada’s Healthy Eating Strategy—Food manufacturers face an evolving food landscape as Health Canada pursues a variety of initiatives under its new Healthy Eating Strategy. Those engaged in producing foods deemed unhealthy will have to rethink what goes into their products or reconsider what products they develop in the future.
- Foreign Demand Helping to Lift Production—Exports surged by 6.4 per cent last year and are projected to gain another 5.6 per cent in 2017. Foreign demand is the key reason why industry output should rise steadily throughout the forecast.