Macroeconomic Outlook Report: Canada

Macroeconomic Outlook Report: Canada

Summary

According to GlobalData estimates, mining, manufacturing, and utilities contributed 17.6% towards GVA, followed by wholesale, retail, and hotel activities (12.7%) and construction (7.7%) in 2023. The three sectors are forecast to grow by 2.8%, 2.7%, and 3.2%, respectively, in 2024.

The Canadian government allocated over CAD180 billion ($138.5 billion) for infrastructure funding to be spent over 2017-28 on public transit, green, social, trade, transportation, and rural and northern communities’ infrastructure.While Calgary is one of Canada’s energy hubs, Toronto and Montreal remain financial centers

The S&P/TSX 60 Index exhibited a volatile trend over the past year. As of August 1, 2024, the Index stood at 1,304.8, compared to 1,231.6 on August 1, 2023.

Scope

• Macroeconomic Country Outlook Reports evaluate a country's investment potential through its political, economic, social, technological, legal, and environmental (PESTLE) framework.
• This comprehensive analysis offers a holistic view of the economy, serving as a strategic tool to understand market dynamics, business potential, and operational direction. Each PESTLE factor is examined based on four parameters: current strengths, current challenges, future prospects, and future risks.
• These insights support strategic planning by highlighting opportunities and risks within the economy, helping businesses and investors make informed decisions.
• The report aims to provide a detailed understanding of the country's macroeconomic environment to facilitate effective decision-making and strategy development.

Reasons to Buy

• Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
• PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
• Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
• This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.