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Toronto : Industrial Snapshot - Q4 2013

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Toronto : Industrial Snapshot - Q4 2013

Economic conditions in Canada continued to improve in the fourth quarter of 2013 with a pickup in manufacturing-sector output contributing to higher than expected growth of the Canadian GDP. A weaker Canadian dollar relative to the U.S. greenback provided a much needed boost in Ontario’s manufacturing sector, which is shown in the RBC Canadian.
Manufacturing Purchasing Manager’s Indexes (PMI) improving in both November and December. Although the stronger manufacturing sector hasn’t yet translated into job growth for Ontario, the construction sector in the Toronto Census Metropolitan Area continued to thrive with the year-to-date total value of industrial and commercial permits outpacing that of last year.

Source : Cushman & Wakefield

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