Industry in Canada

Canada Industry | Economic News & Forecasts

Canada - Industry

After gaining momentum in Q4 2021, the latest data suggests the economy grew at a robust—albeit slightly softer—rate in Q1. Looking at the month-by-month picture, economic activity growth was fairly mild in January due to Omicron, and poor weather affecting energy output. However, momentum accelerated in February as the impact of the pandemic faded, with strong growth recorded in manufacturing and customer-facing services. A flash estimate from Statistics Canada suggested another solid expansion in March. Other indicators for March were also positive: Unemployment continued to tumble and the manufacturing PMI reached an all-time high. In April, the government unveiled its FY 2022 budget, which included new measures to boost housing starts and affordability, accelerate the green energy transition and tackle living costs. That said, the budget deficit should still narrow sharply ahead.

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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