This report identifies which of 38 Canadian industries are poised for success in the new trade era that is characterized by lower commodity prices, a lower-valued Canadian dollar, and a rebound in U.S. demand.
Canada’s Next Trade Era: Which Industries Are Prepared to Take On U.S. Demand?
Canada’s Next Trade Era: Which Industries Are Prepared to Take On U.S. Demand?
Canadian Economic Analysis
Global Economic Analysis
Industry Economic Analysis
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The commodity supercycle is over and demand from the U.S. is strengthening. This global environment represents a big change for Canadian exporters. Can they simply re-orient themselves to take advantage of U.S. demand? Canada’s Next Trade Era uses a benchmarking methodology to identify which out of 38 Canadian industries are likely to see strong demand in this next trade era and which industries have the capacity to increase production. Using measures of competitiveness to identify the industries that are most likely to succeed, the research finds that 11 industries (mostly services and resources) are well-prepared, while 9 manufacturing industries will face capacity constraints.
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