Industries Face New Challenges: Canada’s Two-Year Industry Trends Outlook
The Conference Board of Canada, 16 pages,
July 15, 2022
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.
- 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
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