Industry in Canada

Canada Industry | Economic News & Forecasts

Canada - Industry

Growth softened in the third quarter on the back of a contraction in exports. Domestic demand, however, accelerated due to a surge in fixed investment and stronger private consumption growth amid solid wage gains. Turning to the fourth quarter, growth appears broadly steady. On the one hand, the unemployment rate ticked up to an over one-year high in November while housing starts ebbed compared to Q3, hinting at softer residential investment. More positively, the manufacturing PMI hit a nine-month high in November amid faster output growth. Meanwhile, in politics, the USMCA deal recently moved closer to coming into force after being approved by the U.S. House, boding well for investment and the external sector going forward.

Canada - Industry Data

2013   2014   2015   2016   2017  
Industrial Production (annual variation in %)1.8  5.1  -0.5  -0.3  4.9  

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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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