Industry in Canada

Canada Industry | Economic News & Forecasts

Canada - Industry

The economy tumbled in the first quarter, as non-essential businesses were forced to close in March. Private consumption contracted at a series-record rate in Q1, while investment and exports also declined severely. Turning to the second quarter, economic activity is likely faring even worse: A flash estimate pointed to a 11% contraction in April. Boding ill for household spending, employment levels in April fell by nearly two million from March, pushing the unemployment rate to the highest level since 1982, with roughly 14% of workers having lost their jobs since February. Exacerbating matters, depressed crude oil prices forced Alberta producers to curtail output by roughly 25% in late May, which will be hampering the energy sector and exports in Q2. On a brighter note, in late April the government decided to gradually ease containment measures, while the Canada Emergency Response Benefit should be cushioning the blow to households’ income.

Canada - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)-0.5  0.1  4.5  3.1  -0.9  

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Canada Industry Chart

Canada Industry
Note: Annual variation of industrial production in %.
Source: Statistics Canada.

Canada Facts

Value Change Date
Bond Yield1.701.00 %Dec 31
Exchange Rate1.300.15 %Jan 01

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