Statistics Canada forecasts Canada's real GDP to grow by 2.1% in 2026, driven by the service sector, particularly in finance and insurance, and the information and communication technology sector.
The International Monetary Fund (IMF) predicts Canada's economy to expand by 1.9% in 2026, with the manufacturing sector expected to experience moderate growth due to increased demand for clean energy technologies.
The Conference Board of Canada forecasts growth in the energy sector, driven by higher oil prices and increased investment in renewable energy sources, while the agriculture sector is expected to experience slower growth due to global market trends.
Bloomberg reports that Canada's technology sector is expected to drive economic growth in 2026, with major tech companies investing heavily in artificial intelligence and cybersecurity, while the tourism sector is anticipated to recover from pandemic-related declines.
The Canadian Trade Commissioner Service forecasts significant growth in Canada's clean technology sector, driven by government initiatives and investment in sustainable infrastructure, while the forestry sector is expected to experience steady growth due to increasing demand for lumber and wood products.
Scotiabank Economics forecasts moderate growth in Canada's retail sector, driven by increased consumer spending and a strong labor market, while the housing sector is expected to experience slower growth due to higher interest rates and regulatory changes.
The OECD reports that Canada's economic growth is expected to be driven by the service sector, particularly in education and healthcare, while the transportation sector is anticipated to experience significant growth due to investments in infrastructure and sustainable transportation technologies.
RBC Economics forecasts growth in Canada's natural resources sector, driven by higher commodity prices and increased investment in mining and energy production, while the construction sector is expected to experience steady growth due to government infrastructure projects.