This quarterly economic forecast presents the medium-term outlook for the Canadian economy. This release focuses on industry trends. For an overview of all major components of the economy, download the Canadian Outlook Summary.
Canadian Outlook Economic Forecast: Industry Trends—August 2020
Canadian Outlook Economic Forecast: Industry Trends—August 2020
Canadian Economic Analysis
Industry Economic Analysis
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- The majority of the primary resource sectors face challenges in 2020.
- Construction output will decline for the second year in a row.
- Weak domestic and global conditions will be a drag on manufacturing output.
- Commercial services closely tied to tourism are being hit hard by the pandemic.
- Demographic trends are shaping the outlooks for health care and education services.
- Public administration output will eke out positive but modest growth this year.
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