This industry profile provides a five-year forecast for Canada’s Machinery Manufacturing Industry.
Canada’s Machinery Manufacturing Industry: Industrial Profile Spring 2014
Canada’s Machinery Manufacturing Industry: Industrial Profile Spring 2014
Industry Economic Analysis
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- Energy Investments—Energy investments, led by the continued expansion of the oil sands and proposed investments in natural gas export terminals, will support demand for construction and oilfield machinery.
- Canadian Dollar—The drop in the Canadian dollar will increase the cost of imported machinery and improve the price competiveness of exports, supporting the market share of Canadian producers domestically and abroad.
- Domestic Manufacturing—The industrial machinery segment will rebound on a recovery of manufacturing in Central Canada, as the U.S. economy improves.
