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 Food Manufacturing Industry: Industrial Outlook, Summer 2007
Canada’s Food Manufacturing Industry: Industrial Outlook, Summer 2007
Industry Economic Analysis
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- Dollar—Because food manufacturing is export oriented, the renewed rise in the value of the Canadian dollar is hurting production and output prices. The dollar is expected to stay above US$0.90, providing little relief for food manufacturers.
- New Markets—Although the United States still accounts for most of Canada’s food exports, its share is shrinking as exports to new markets accelerate. This is a positive development, as it is diversifying the industry’s market base.
- Domestic Demand—The outlook for growth in domestic demand is poor despite expectations for healthy income expansion because the amount of food people can consume is limited. Export markets must therefore keep providing most of the industry’s growth.
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