Most Industries Regaining Their Footing: Canada’s Two-Year Industry Trends Outlook—April 2022

The Conference Board of Canada, 16 pages, April 12, 2022
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 resources is mixed, with agriculture and mineral fuels industries thriving and forestry prospects subsiding in 2022.
  • As supply challenges taper off, manufacturers will be in a better position to keep pace with domestic and global demand.
  • The lifting of most public health restrictions will fuel greater commercial services activity over the near term.
  • Prospects for non-commercial services will be influenced by demographic trends throughout the forecast.
  • Fiscal restraint will moderate public administration output growth.

Table of Contents

Key Findings
Industry Trends Snapshot
Overview
Uneven Outlook for Primary Resources
Energy Sector Fuels Construction Activity
Demand Will Supersede Supply Issues for Manufacturers Over Near Term
Commercial Services Prospects Looking Up
Non-commercial Services Prospects Dominated by Demographic Trends
Public Administration Output Growth Begins Tapering Off
Methodology

  • The outlook for resources is mixed, with agriculture and mineral fuels industries thriving and forestry prospects subsiding in 2022.

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