Uncertainty and Hesitancy: Canada’s Two-Year Business Investment Outlook

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

Document Highlights

Real non-residential investment will grow by 3.8 per cent this year and by 2.8 per cent in 2023.

Businesses are less optimistic about Canada’s economic recovery compared with their sentiment in mid-2021, a disquieting sign for capital spending.

Supply disruptions will continue to hurt investment throughout 2022, but clearer roads lie ahead.