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, Winter 2008
Canada’s Food Manufacturing Industry: Industrial Outlook, Winter 2008
Industry Economic Analysis
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- Dollar—Because food manufacturing is export oriented, the soaring Canadian dollar has hurt output prices. The dollar is expected to stay close to parity, limiting revenues from exports.
- Grain Prices—High oil prices and rising concern over greenhouse gas emissions have led to surging demand for oil substitutes, including ethanol, which is produced from sugar cane and corn, fuelling higher input costs for the food manufacturing industry.
- Global Market—Canada’s food exports to new markets are rising as wealth increases in emerging countries, notably China and India, decreasing the industry’s dependence on the U.S. market.
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