Canada PESTLE Insights - A Macroeconomic Outlook Report
Summary Financial intermediation, real estate and business activities contributed 21.1% to the country’s gross value added (GVA) in 2019, followed by mining, manufacturing and utilities (17.0%) and wholesale, retail and hotels activities (13.2%). In nominal terms, the three sectors are expected to contract by 2.4%, 4.4% and 3.4%, respectively, in 2020.
While Calgary is one of Canada’s energy hubs, Toronto and Montreal remain financial centers
Scope - As per the World Bank’s Logistics Performance Index, Canada’s rank declined from 14th in 2016 to 20th in 2018
- The overall TSX (Toronto Stock Exchange) index went through a turbulent period in March 2020 due to heightened uncertainties regarding the COVID-19 pandemic. As of June 2, 2020, the TSX index stood at 15,396, compared to 16,037 on May 31, 2019
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.
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