Follow us on:   
Exact matches only
Search in title
Search in content
Search in comments
Filter by Content Type
Resource Listings

The Curious Case of Canada’s Ailing Manufacturing Industry

After enjoying two years of modest recovery, Canada’s manufacturing sector took a significant step backward in 2013, shedding around $3 billion in real output and 50,000 net jobs. This marked one of the notable disappointments on the Canadian economic landscape and dealt a blow to hopes that the sector was poised to snap out of its longer-term decline. While ongoing concerns surrounding the sector’s competitiveness remain, we do see scope for a moderate bounce back in activity over the 2014-15 period. The two-pronged boost associated with firming U.S. demand and a falling Canadian dollar should propel the sector back into expansion mode. And, some of the recent forward-looking indicators – while hardly robust – are consistent with an upturn in factory activity.

[indeed_popups id=1]  


Publisher: TD Economics

Jurisdiction: National

Leave a Reply

Skip to toolbar