Statistics Canada forecasts moderate economic growth in 2026, driven by the service sector and a rebound in commodity prices. The manufacturing sector is expected to experience a decline due to global trade tensions.
The Conference Board of Canada predicts a strong performance from the technology sector in 2026, with a growth rate of 4.5%. The energy sector is also expected to see significant growth, driven by increased demand for clean energy.
Scotiabank Economics expects the Canadian economy to grow at a rate of 2.2% in 2026, driven by a strong service sector and a modest rebound in the goods sector. The bank also predicts a decline in the agriculture sector due to trade disruptions.
TD Economics forecasts a slowdown in the Canadian housing market in 2026, which will impact the construction sector. However, the finance and insurance sector is expected to see significant growth, driven by increased demand for financial services.
PwC Canada predicts varying economic performances across Canada's provinces in 2026. The western provinces are expected to experience strong growth, driven by the energy sector, while the eastern provinces will see more modest growth, driven by the service sector.
The Munk School of Global Affairs and Public Policy at the University of Toronto analyzes the future of Canada's economy, sector by sector. The report predicts significant growth in the clean technology sector and a decline in the fossil fuel sector.
RBC Economics provides a quarterly forecast of Canada's economic sectors. The report predicts a strong performance from the retail trade sector in Q1 2026, driven by increased consumer spending.
Canada Mortgage and Housing Corporation (CMHC) forecasts a decline in the Canadian housing market in 2026, which will impact the construction sector. However, the corporation also predicts significant growth in the rental market, driven by increased demand for affordable housing.