This industry profile provides a five-year forecast for Canada’s Professional Services Industry.
Canada’s Professional Services Industry: Industrial Profile Spring 2011
Canada’s Professional Services Industry: Industrial Profile Spring 2011
Industry Economic Analysis
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- Corporate Profits—The rise in corporate profits signals an increased ability and willingness by businesses to spend on professional services. Many corporate initiatives that were suspended during the recession will resume.
- Personal Income—Stronger income growth will support demand by individuals for professional services, such as legal and accounting work.
- Government Spending—Most recession-fighting stimulus measures are being, or have already been, phased out; and tighter government spending will limit the growth of professional services used by government.
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