Industries Face New Challenges: Canada’s Two-Year Industry Trends Outlook

The Conference Board of Canada, 16 pages, July 15, 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

  • With the exception of forestry and metal mining, all other resource sectors will see output prospects improve in 2022.
  • Softer domestic and global demand, combined with the ongoing global supply chain crisis, will prevent many manufacturers from fully getting back on track.
  • The lifting of most public health and travel restrictions will stoke greater activity in some commercial service industries, but higher inflation and interest rates will be a drag on others.
  • Demographic trends will resume being the major driver of non-commercial services throughout the forecast.
  • Fiscal restraint will slow public administration output growth.

Table of Contents

Key Findings
Industry Trends Snapshot
Uneven Outlook for Primary Resources
Energy Sector Props Up Construction Output
Manufacturers Face a Double-Edged Sword
Commercial Services Prospects Mixed
Demographic Trends Resume Driving Non-commercial Services
Public Administration Output Growth Eases in 2023

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