This annual forecast examines economic trends and GDP data over the next 20 years for Canada’s key industries, including agriculture, fishing, forestry, mining, construction, and the services sector.
Long-Term Outlook 2014: Forecast Trends by Industry
Long-Term Outlook 2014: Forecast Trends by Industry
Industry Economic Analysis
Provincial Economic Analysis
$625.00
- Once ratified, new trade deals will encourage growth in several agricultural sectors in Canada, including hogs, beef, grains, and oilseeds.
- The long-term outlook for the country’s fishing industry remains subdued.
- Supply constraints in B.C. will restrain forestry industry growth over 2014–35.
- Global demand for minerals will strengthen over the next two decades as population and wealth increase and new technologies emerge.
- Rising shale and tight gas production will allow British Columbia to overtake Alberta as Canada’s top-producing province sometime around the end of this decade.
- The vast resources of the oil sands will prove too valuable to leave in the ground, and agreements to develop new pipeline transportation capacity will be reached.
- Following another investment boom in the oil sands, the pace of spending on new capital will slow early in the next decade as the focus gradually shifts to maintenance and repairs.
- The U.S.-led economic recovery is expected to boost growth in total manufacturing output in Canada to an average annual compound pace of 2.5 per cent from 2014 to 2020.
- The services sector will continue to dominate the Canadian economy over the long term.
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