Financial intermediation, real estate and business activities contributed 21.2% to the country’s gross value added (GVA) in 2020, followed by mining, manufacturing and utilities (16.7%) and wholesale, retail and hotels activities (13.1%). In nominal terms, the three sectors are expected to grow by 6.6%, 4.5%, and 5.8%, respectively, in 2021
While Calgary is one of Canada’s energy hubs, Toronto and Montreal remain financial centers
The overall TSX 60 index exhibited a rising trend over last year. As of June 10, 2021, the TSX 60 index stood at 1195.2, compared to 946.1 on June 10, 2020
- The Canadian government allocated CD180bn (US$138.7bn) in infrastructure funding to be spent over 2017-2028 on public transit, green, social, trade and transportation, and rural and northern communities’ infrastructure.
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.