This industry profile provides a five-year forecast for Canada’s Machinery Manufacturing Industry.
Canada’s Machinery Manufacturing Industry: Industrial Profile Spring 2015
Canada’s Machinery Manufacturing Industry: Industrial Profile Spring 2015
Industry Economic Analysis
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- Canadian Dollar—In the near term, the Canadian dollar is expected to remain weak relative to the U.S. greenback, supporting demand for Canadian machinery south of the border.
- Declining Energy Investment—Weaker investment in oil and gas extraction will dampen demand for machinery products used in oil and gas production.
- Trade Agreements—The new Canada-Korea Free Trade Agreement will allow export-oriented machinery manufacturers to seize new export market opportunities in South Korea.
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