This quarterly economic forecast presents the medium-term outlook for the Canadian economy. This release focuses on industry trends. For an overview of all major components of the economy, go to the Canadian Outlook main page.
Industries Shift Into Recovery Mode in 2021: Canada’s Two-Year Industry Trends Outlook—April 2021
Industries Shift Into Recovery Mode in 2021: Canada’s Two-Year Industry Trends Outlook—April 2021
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- Higher commodity prices will lift output for some primary resource sectors.
- Stronger U.S. economic demand is set to fuel greater manufacturing output for the next two years.
- Commercial services will see a rebound in activity this year. However, the recovery will vary widely among the different service industries.
- The pandemic will continue to impact non-commercial services over the near term.
- The outlook for public administration beyond 2021 is tepid.
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