The Canadian Industrial Outlook Service includes detailed five-year forecasts in 16 key Canadian industries. The report examines the short-and medium-term economic and profitability outlooks for these industries.
Canada’s Aerospace Product Manufacturing Industry: Industrial Outlook Autumn 2007
Canada’s Aerospace Product Manufacturing Industry: Industrial Outlook Autumn 2007
Industry Economic Analysis
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Oil Price—Oil prices hovering around US$80 a barrel could trim profitability in the airline industry—which has already used most of the tools available to restructure costs—limiting its capacity to invest in new aircraft.
Qualified Workers—Shortages of qualified workers are limiting Canadian aerospace production, as some companies have had to refuse contracts because they are unable to fill vacant positions. Labour shortages also fuel the industry’s labour costs by pushing up wages.
Business Jets—Soaring global demand for business jets is boosting orders at Bombardier, which holds almost one-third of the worldwide business jet market.
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