Challenges to Ease Gradually: Canada’s Two-Year Business Investment Outlook—April 2022

The Conference Board of Canada, 14 pages, April 14, 2022
Issue Briefing
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This quarterly economic forecast presents the medium-term outlook for the Canadian economy. This release focuses on business investment. For an overview of all major components of the economy, go to the Canadian Outlook main page.

Document Highlights

  • Real non-residential business investment will grow by 4.7 per cent this year and by 2.8 per cent in 2023.
  • Much of the strength in investment will come from the energy sector. This is due to high oil prices and investments in clean technologies, such as carbon capture and storage.
  • Uncertainty around future prices for inputs is making many businesses hesitant to invest.
  • Staffing shortages will continue to hurt near-term investment, but the labour market will loosen as prices decelerate and immigration picks up.
  • Supply disruptions should continue to improve this year, although geopolitical conflicts could cloud the recovery.

Table of Contents

Key Findings
Business Investment Snapshot
Overview
Investment Drivers
Investment by Industry
Methodology

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