Industry in Canada
Canada - IndustryCanada and the United States struck a last-minute deal late on 30 September to uphold their longstanding free-trade relationship, bringing Canada into the fold on a pact reached a month earlier between the U.S. and Mexico. On the announcement, the North American Free Trade Agreement (NAFTA) was rechristened the United States-Mexico-Canada Agreement (USMCA), and continental investors breathed a heavy sigh of relief as the deal’s text confirmed the quarter-century-old dynamic survived largely intact. Although concessions were made by all sides—Canada will open its dairy market and, in exchange, will keep most dispute-resolution mechanisms, while trauma to the automotive sector was minimal—the new agreement was most notable for clearing the heavy clouds of uncertainty that previously hung over the external sector. Taken together with the nascent stabilization of the housing market, the economy appears to have dodged two bullets in recent months and, on the heels of a solid second-quarter outturn and in light of upbeat third-quarter metrics, looks set to ride out the remainder of the year at a comfortable, albeit slower, pace.
Canada - Industry Data
|Industrial Production (annual variation in %)||1.8||5.1||-0.9||0.1||5.2|
5 years of economic forecasts for more than 30 economic indicators.
Canada Industry Chart
Source: Statistics Canada.
|Bond Yield||2.50||1.00 %||Nov 09|
|Exchange Rate||1.32||0.15 %||Nov 13|
|Stock Market||15,132||0.23 %||Nov 13|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
October 22, 2018
On 1 October, after more than a year of tense negotiations, Canada and the United States agreed to maintain their longtime free-trade relationship, seemingly ending an uneasy chapter of neighborly brinkmanship that, only months ago, had threatened to upend the continent’s trading landscape.
October 19, 2018
Seasonally-adjusted consumer prices fell 0.1% from a month earlier in September, contrasting August’s 0.1% rise.
September 28, 2018
Economic growth came in at 0.2% in monthly terms in July, on the heels of an essentially flat reading in June.
September 12, 2018
House prices rose 0.2% on a monthly basis in August as the Teranet-National Bank National Composite House Price Index ticked higher, down from July’s 0.8% month-on-month increase.
September 8, 2018
Housing starts on a seasonally-adjusted annualized (SAAR) basis moderated to 201,000 units in August, according to the Canada Mortgage and Housing Corporation (CMHC).