The manufacturing sector is off to a good start in 2014 with Canadian manufacturing sales increasing by a healthy 1.5% in January, marking the seventh monthly increase in the past nine months. This positive momentum is expected to continue over the latter half of 2014 as a stronger U.S. economy and a weaker Loonie bolster demand for goods and services across the GTA.
With this brighter outlook, car and part manufacturers in the GTA and across Ontario are expected to increase investments in machinery and equipment in 2014 to meet the new demand, as indicated in Statistic Canada’s P&PI survey (RBC Economics). Despite a widespread expectation that high consumer debt and Ontario’s sluggish job growth would slow consumer spending, retail sales in Ontario posted positive growth in the first month of 2014. Toronto’s residential real estate market also remained strong despite predictions to the contrary.
Source : Cushman & Wakefield