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Canadian Industrial Profile: Accounting—2019 The Conference Board of Canada, 2 pages, July 9, 2019 Industry Profile

Canadian Industrial Profile: Accounting—2019

The Conference Board of Canada, 2 pages, July 9, 2019
Industry Profile

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This industry profile provides a five-year forecast for Canada’s accounting industry. Document Highlights Business counts—After a period of weaker growth from 2015 to 2017 in the aftermath of the oil-price collapse, the number of new businesses in Canada is starting to grow again, in turn supporting demand for bookkeeping services. Mergers and acquisitions—Thanks to the legalization of cannabis, weaker oil prices, and the ongoing recovery of the mining sector, we expect a rise in mergers and acquisitions this year, supporting demand for specialized accounting services. Labour demand—The number of job vacancies for auditors, accountants, and investment professionals has trended upward since 2015, increasing labour pressures for accounting services.

This industry profile provides a five-year forecast for Canada’s accounting industry.

Document Highlights

Business counts—After a period of weaker growth from 2015 to 2017 in the aftermath of the oil-price collapse, the number of new businesses in Canada is starting to grow again, in turn supporting demand for bookkeeping services.

Mergers and acquisitions—Thanks to the legalization of cannabis, weaker oil prices, and the ongoing recovery of the mining sector, we expect a rise in mergers and acquisitions this year, supporting demand for specialized accounting services.

Labour demand—The number of job vacancies for auditors, accountants, and investment professionals has trended upward since 2015, increasing labour pressures for accounting services.

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