Canada’s Aerospace Product Manufacturing Industry: Industrial Outlook Spring 2014
The Conference Board of Canada, 9 pages
June 6, 2014
This report examines the short-and medium-term economic and profitability outlook for Canada’s Aerospace Product Manufacturing Industry.
- Defence Spending—The continued push by governments around the globe to reduce budget deficits has hit defence spending.
- Unmanned Aerial Vehicles—Uses for unmanned aerial vehicles are expected to be found in everything from resource extraction to real estate advertising, further encouraging the development of a rapidly growing segment of the aerospace industry.
- Jet Fuel Prices—Softer international oil prices (thanks to the growing strength of U.S. oil production) have slowed the increase in fuel prices. That has helped airline profitability and, ultimately, the ability of airlines to finance the purchase of aerospace products.