Industry in Canada

Canada Industry | Economic News & Forecasts

Canada - Industry

Growth likely picked up in Q1 in SAAR terms following a much weaker-than-predicted Q4 last year, helped by a supportive base effect and inventory accumulation. In January, the economy outperformed expectations, driven by broad-based expansions in almost all industries, particularly construction and manufacturing. However, the expansion in Q1 was likely still modest overall. The unemployment rate ticked up in the quarter, while retail sales were muted in the first two months of the year, suggesting subdued household spending. Moreover, the manufacturing PMI maintained a downward trajectory throughout the quarter, suggesting the sector posted only a meager expansion. In political news, on 15 April the government discretely reduced retaliatory tariffs on some U.S. imports in a bid to proactively avoid losing domestic jobs. However, the move could in turn reduce pressure on the Trump administration to lift tariffs on Canadian steel and aluminum.

Canada - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)1.8  5.1  -0.9  0.1  5.2  

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Canada Industry Chart

Canada Industry
Note: Annual variation of industrial production in %.
Source: Statistics Canada.

Canada Facts

Bond Yield1.731.00 %May 11
Exchange Rate1.350.15 %May 13
Stock Market16,1930.23 %May 13

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