Industry in Canada

Canada Industry | Economic News & Forecasts

Canada - Industry

Although available data suggests growth may have moderated in the third quarter, analysts remain upbeat about economic prospects for the remainder of the year. August’s firm growth reading was driven mainly by the energy and services sectors. Looking ahead to the fourth quarter, unemployment in October ticked down as the number of job seekers declined. A tighter labor market is expected to push up wage growth through year-end, which should keep household-spending growth afloat. Moreover, October’s modest recovery in housing starts confirmed the stabilization of the housing market. Meanwhile, Ivey’s PMI marked an impressive uptick in the same month on the heels of the newly-agreed United States-Mexico-Canada Agreement (USMCA). Firms breathed a huge sigh of relief on the trade resolution and non-residential investment is likely to remain buoyant through the end of the year as a consequence.

Canada - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)1.8  5.1  -0.9  0.1  5.2  

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Canada Industry Chart

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

Canada Facts

Bond Yield2.051.00 %Dec 10
Exchange Rate1.340.15 %Dec 11
Stock Market14,6680.23 %Dec 11

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