This quarter, we look at the impact of this year’s domestic and global economic slowdown, along with higher borrowing costs, on business investment and industry output in Canada.
Will ongoing projects and retooling in the oil and gas sector, along with investments in electric vehicle manufacturing, be enough to sustain overall investment growth in Canada? To what extent will higher interest rates affect housing construction and related industries? We share our forecast for business investment and industry output in all the main sectors of Canada’s economy over the next three years.
Read the impact paper to get our full analysis.
Key findings
Business investment snapshot
Investment outlook
Industry trends
Primary resources outlook
Construction output picks up steam beyond 2023
Manufacturing sector output closely tracks demand
Uneven outlook for commercial services
Demographic trends affect non‑commercial services’ prospects
Fiscal restraint curbs public administration and defence output
Methodology
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