Statistics Canada forecasts a moderate economic growth of 2.1% in 2026, driven by the service sector, particularly in finance and insurance, and a rebound in the manufacturing sector.
The Conference Board of Canada expects the energy sector to lead economic growth in 2026, with a 4.5% increase in GDP, followed by the technology sector with a 3.8% growth rate.
TD Economics predicts a strong labor market and increased consumer spending will drive economic growth in Canada, with the retail trade sector expected to grow by 3.2% in 2026.
The Bank of Canada projects economic growth will be driven by the service sector, particularly in business services, with a growth rate of 2.8% in 2026, while the goods sector is expected to grow by 1.9%.
PwC Canada expects the agriculture sector to face challenges in 2026 due to climate change and trade uncertainties, while the clean technology sector is expected to experience significant growth, driven by government investments and policies.
CIBC World Markets forecasts a growth rate of 2.5% in the construction sector in 2026, driven by government infrastructure investments, while the transportation sector is expected to grow by 2.2%.
Researchers at the University of British Columbia predict the western provinces will lead economic growth in 2026, driven by the natural resources sector, while the eastern provinces will experience slower growth due to challenges in the manufacturing sector.
Deloitte Canada expects the healthcare sector to experience significant growth in 2026, driven by an aging population and increased healthcare spending, while the education sector is expected to grow by 2.5%.