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A Complicated Comeback: Canada’s Two-Year Industry Trends Outlook The Conference Board of Canada, 16 pages, February 22, 2021 Issue Briefing

A Complicated Comeback: Canada’s Two-Year Industry Trends Outlook

The Conference Board of Canada, 16 pages, February 22, 2021
Issue Briefing

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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, go to the Canadian Outlook main page. Document Highlights The outlook for primary industries in 2021 has improved. Manufacturing faces a slow recovery as the world continues to battle COVID-19. Stringent public health measures aimed at taming the sharp rise in COVID-19 cases will stretch out the recovery for some commercial services. The pandemic will continue to be disruptive to non-commercial services over the near term. Following extraordinary fiscal spending in 2020, government restraint will be the key theme for public administration beyond 2021. Table of Contents Key findings Industry trends snapshot Prospects improve for most industries in 2021 Mixed outlook for primary resources Construction bounces back in 2020 Strong resurgence in COVID-19 weighs on manufacturing sector Ongoing pandemic prolongs recovery for commercial services Pandemic batters non-commercial services Methodology

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, go to the Canadian Outlook main page.

Document Highlights

The outlook for primary industries in 2021 has improved.
Manufacturing faces a slow recovery as the world continues to battle COVID-19.
Stringent public health measures aimed at taming the sharp rise in COVID-19 cases will stretch out the recovery for some commercial services.
The pandemic will continue to be disruptive to non-commercial services over the near term.
Following extraordinary fiscal spending in 2020, government restraint will be the key theme for public administration beyond 2021.

Key findings
Industry trends snapshot
Prospects improve for most industries in 2021
Mixed outlook for primary resources
Construction bounces back in 2020
Strong resurgence in COVID-19 weighs on manufacturing sector
Ongoing pandemic prolongs recovery for commercial services
Pandemic batters non-commercial services
Methodology

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