Industries Shift Into Recovery Mode in 2021: Canada’s Two-Year Industry Trends Outlook—April 2021

The Conference Board of Canada, 16 pages, April 19, 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

  • Higher commodity prices will lift output for some primary resource sectors.
  • Stronger U.S. economic demand is set to fuel greater manufacturing output for the next two years.
  • Commercial services will see a rebound in activity this year. However, the recovery will vary widely among the different service industries.
  • The pandemic will continue to impact non-commercial services over the near term.
  • The outlook for public administration beyond 2021 is tepid.

Table of Contents

Key findings

Industry trends snapshot

Overview

Primary resources see their prospects improve

Construction output rebounds in 2021

Stronger U.S. demand puts manufacturing’s recovery on the fast track

Better domestic and global conditions support rebound in commercial services

Non-commercial services getting back on track

Government restraint for public administration beyond 2021

Methodology

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