Curves Ahead: Canada’s Two-Year Business Investment Outlook

The Conference Board of Canada, October 18, 2021
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 investment will grow by 0.5 per cent this year and 4.7 per cent in 2022.
  • Businesses are becoming increasingly more optimistic about Canada’s economic recovery—a positive signal for capital spending.
  • The resilience of the United States economy will support investment in export-oriented sectors, such as manufacturing.
  • Investment in the energy sector will get a boost from the LNG Canada project and from higher oil prices, but the recovery won’t happen overnight.
  • Inflationary pressures on capital and a lack of qualified staff could derail the recovery in investment.

Table of Contents

Key findings
Business investment snapshot
Investment drivers
Investment by industry

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