This industry profile provides a five-year forecast for Canada’s Electrical Equipment Industry.
Canada’s Electrical Equipment Industry: Canadian Industrial Profile Spring 2009
Canada’s Electrical Equipment Industry: Canadian Industrial Profile Spring 2009
Industry Economic Analysis
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- Construction Activity—Residential and non-residential construction activity are both expected to drop this year, paring down sales for construction- and renovation-related electrical equipment.
- Global Slowdown—The industry is highly trade dependent, with 66 per cent of production being exported. But with many economies now in recession, demand for electrical equipment is suffering.
- Canadian Dollar— The recent decline in the Canadian dollar is expected to improve the industry’s trade balance.
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