This industry profile provides a five-year forecast for Canada’s Professional Services Industry.
Canada’s Professional Services Industry: Industrial Profile Spring 2016
Canada’s Professional Services Industry: Industrial Profile Spring 2016
Industry Economic Analysis
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- Consumer and Business Confidence—A weak domestic economy has hurt business and consumer confidence, which in turn weighs on consumer and business spending on professional services.
- Corporate Profits—Many sectors, such as oil and gas extraction, are expected to see lower profits in the near term, weakening the demand for various legal, consulting, and accounting services.
- Government Spending—The federal government’s plan to increase spending in infrastructure will support high demand for engineering services.
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