Canadian Industrial Profile: Machinery Manufacturing—Summer 2017

Investments—Corporate profits and business confidence are on the rise, which is translating into increased business spending on machinery and equipment.

Canadian Dollar—The Canadian dollar has risen in recent months, potentially reducing the competitiveness of the industry’s exports. The dollar is expected to make further modest gains over the coming years, but will remain below the critical US$0.85 mark.

Export Performance—Led by double-digit increases in exports of electrical equipment and metalworking machinery, foreign markets are currently a major source of growth for the industry.