Bank of Canada’s measure for corporate confidence dropped into negative territory for the first time since Q3 of 2016.
Tariffs have increased manufacturing costs throughout North American supply chains.
Conference Board cites service-sector stability and rising exports.
The company had expected up to $285 million in sales from as many as 760 stores within the next year or so.
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Ability to expand export markets beyond North America key to competitiveness.
They anticipate sales the faster over the next 12 months, stronger overall from increasing US demand.
PLANT Manufacturers’ Outlook 2018 study shows they’re expecting business to be good, will invest in growth.
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Forecast for global economic growth was unchanged at 3.5%.
That’s despite uncertainty arising from potential protectionist bent of Trump’s administration.
They claim to be managing disruptions but study suggests they aren’t backing that belief up with action.
Canadian forecast is 2.2% GDP with surging exports and less investment cuts in energy sector
Study says Canadian manufacturers must look to innovation, new geographies to fuel growth.
A 15.5% drop in Q1 business investment tipped the economy into a small contraction.