Uneven Recovery Ahead for Industries: Canada’s Two-Year Industry Trends Outlook

The Conference Board of Canada, 15 pages, October 26, 2020
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

  • Primary resource sectors will bounce back in 2021.
  • The recovery in manufacturing has begun, but the sector will face some rough patches along the way.
  • Industries closely tied to tourism will continue to struggle, prolonging the recovery for commercial services.
  • The negative impacts of the pandemic dominate the near-term outlook for non-commercial services.
  • Output activity in public administration will taper off after 2021 as governments struggle with the fiscal consequences of their massive stimulus spending during the pandemic.

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