Bright Spots Will Take Time to Shine: Canada’s Five-Year Business Investment Outlook—July 2024

Bright Spots Will Take Time to Shine: Canada’s Five-Year Business Investment Outlook—July 2024

Business and Household Indicators Canadian Economic Analysis
16 min read

Author: Richard Forbes

$225.00

This quarterly economic forecast presents the medium-term outlook for the Canadian economy. This release focuses on business investment. For an overview of all major components of the economy, go to the Canadian Outlook main page.

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This quarterly economic forecast presents the medium-term outlook for the Canadian economy, focusing on business investment.

Private, non-residential investment has picked up but still has room to make up for a lacklustre 2023. However, momentum will increase as business confidence improves with interest rate cuts. But how will investment in the manufacturing sector fare this year and next? What sectors will provide the most support? How will the oil and gas sector do in the coming years? How will the labour market affect investment?

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