Published twice a year, the Canadian Industrial Outlook Service includes detailed, five-year forecasts in 10 key Canadian industry sectors. Outlooks for several financial and economic variables—prices, production, revenues and expenditures, profits, gross domestic product, and employment—are generated, based on forecasts of key domestic and international factors such as interest rates, exchange rates and tax policy.
Document Highlight
Canada’s construction industry recorded profits of $1.4 billion in 2003, up from the $918 million earned in 2002. Revenue growth of close to 11 per cent, led by strong gains in the residential construction sector, was the driving force behind the growth in profits. Costs expanded by 10.3 per cent in 2003. In 2004, profits are expected to increase to $3 billion, because revenue growth in the non-residential construction sector will remain strong and a rebound is anticipated in engineering construction revenues. Profits in the residential construction sector will remain flat as demand in the housing sector cools in 2004. Profits will continue to grow in 2005, before declining in 2006 due to an anticipated slowdown in revenue growth in the engineering and residential construction sectors.
There are no reviews yet.