The Canadian Industrial Outlook sets the stage for the Canadian economy by examining 10 key industries.
Document Highlights
After reaching a record high of $10.9 billion last year, profits in the retail trade industry will fall off in the near term. Retailers have enjoyed input cost savings because of the strong Canadian dollar. But intense competitive pressure in the industry will ensure that most of these savings are soon passed on to the consumer.
Still, sturdy growth in unit sales and improved price growth are expected to keep revenues expanding throughout the outlook period. Productivity growth is also expected to help profits reach $11.2 billion by 2009. Although the fortunes of the key motor vehicles and parts dealers sector remain weak in the near term, the food and beverage stores sector will enjoy steady profit growth.
The outlook includes special features on e-commerce and on explaining Canada’s productivity gap in the retail industry.
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