Canada’s provincial-industrial export outlook

November 8, 2018

Canada’s exports are caught between global mega-shifts in both opportunities and risks. On the positive side, global growth is strong, and the primary driver is our top customer. In addition, our US sales now enjoy more certainty, with the signing of the USMCA agreement. A further plus is the steady diversification of exports to fast-growing emerging markets. Weighing on the outlook are the dual threats of protectionism, rising interest rates and the consequent turbulence in emerging markets. In this context, how are Canada’s provinces and industrial sectors expected to fare?

It’s not rare to see radical differences in growth among the provinces in any given year, given their contrasting industrial makeup and differing dependencies on world conditions. 2018 was no exception, producing more outliers than average performers. Things are expected to be more settled in 2019, but there are a few notable exceptions...

This was excerpted from an 8 November 2018 commentary by Peter Hall of Export Development Canada.

Topic(s)

Exports

Information source

Industry Publication

Disclaimer

The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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