Canadian Industrial Profile
This industry profile provides a five-year forecast for Canada’s furniture products manufacturing industry.
Resale and Lending—Millennials are more mobile than the baby boomers, and new communications technology has resulted in an explosion in online resale markets.
Consumer Debt—Canadian consumer debt relative to income is still highest among all G7 countries. With higher interest rates on the horizon, and many furniture purchases financed on credit, domestic demand is likely to suffer over the next several years.
Protectionism—Domestic producers have reason to be concerned over the dissolution of NAFTA. Even a return to most favoured nation status under WTO rules would raise input costs for producers and reduce access to the world’s largest consumer market.