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Canadian Industrial Profile: Electrical Equipment—Winter 2019

The Conference Board of Canada, 2 pages, April 10, 2019
Industry Profile
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This industry profile provides a five-year forecast for Canada’s electrical equipment industry.

Document Highlights

Import Penetration—Despite the disincentivizing effects of a weak Canadian currency on imports, the industry has faced greater import competition in recent years. In fact, the growing majority of electrical equipment purchased in Canada now comes from other countries. Consumer

Spending Fatigue—Higher interest rates and the current debt environment mean that Canadians are beginning to allocate a larger share of their income to paying down debt. Household appliances are key industry products that are likely to be affected by consumers’ weaker spending potential.

Clean Energy—Rising demand from households and businesses for cleaner and more renewable sources to meet their energy needs means that the industry can expect stronger demand for the latest types of supporting electrical equipment. 

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