Industry in Canada

Canada Industry | Economic News & Forecasts

Canada - Industry

A preliminary estimate suggested that GDP rebounded in Q3. Although a detailed breakdown is not yet available, the upturn was likely the result of stronger wholesale and retail trade activity. GDP bounced back in monthly terms in August due to healthier consumer spending and manufacturing output, while Statistics Canada also mentioned that GDP was unchanged in September as expansions in mining and quarrying activity were offset by lower manufacturing sales. Turning to Q4, GDP growth should accelerate as the unemployment rate hit the lowest level since February 2020 in October, which, coupled with the continued loosening of Covid-19 restrictions due to a solid vaccination campaign, should be fueling private consumption. Meanwhile, the manufacturing PMI hit the highest level since March in October, boding well for activity. However, weather-related disruptions and moderating housing starts could be stunting output.

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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