Canadian Outlook Economic Forecast: Industry Trends—August 2020

The Conference Board of Canada, 16 pages, August 13, 2020
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This quarterly economic forecast presents the medium-term outlook for the Canadian economy. This release focuses on industry trends. For an overview of all major components of the economy, download the Canadian Outlook Summary.

Document Highlights

  • The majority of the primary resource sectors face challenges in 2020.
  • Construction output will decline for the second year in a row.
  • Weak domestic and global conditions will be a drag on manufacturing output.
  • Commercial services closely tied to tourism are being hit hard by the pandemic.
  • Demographic trends are shaping the outlooks for health care and education services.
  • Public administration output will eke out positive but modest growth this year.

Table of Contents

  • Key findings
  • Industry trends snapshot
  • COVID-19 takes a major toll on industries
  • Outlook mixed for primary resources
  • Construction faces challenges
  • Pandemic hammers manufacturing
  • Commercial services getting battered
  • Non-commercial services impacted by the pandemic
  • Public administration avoids falling into negative territory

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