Country Report Canada 2020

國家報告

  • 加拿大
  • 一般經濟

2020年02月06日

As in 2019, Canada´s GDP growth is expected to remain below its long-term trend in 2020 due to sluggish domestic demand and lower export growth.

Canada main import sources

Canada's main export markets

Key indicators of canadian economyCanadian industries performance forecast

Performance forecast of canadian industries

Main economic developments

Y-o-y change in GDP growth in Canada

Y-o-y change in private consumption in Canada

Y-o-y change in exports of goods and services in Canada

Subdued growth expectations in 2020 

As in 2019, Canada´s GDP growth is expected to remain below its long-term trend in 2020 due to sluggish domestic demand and lower export growth. While private consumption is sustained by a robust job market and wage growth, high levels of household debt continue to weigh on consumer spending. The federal government has already enacted a tax cut for the middle class and is expected to increase spending, however most provincial governments will maintain a high degree of spending restraint.


Global economic uncertainty and ongoing trade tensions continue to dampen business sentiment and investment activity in most sectors, apart from the energy industry. Export growth is hampered by the slowdown in the US as Canada´s main export market. The closure of a large automotive assembly plant in Oshawa in December 2019 will have an impact, as cars and car parts are Canada´s largest non-energy exports.


The new US-Mexico-Canada Agreement (USMCA) has reduced trade policy uncertainty in North America. Together with Mexico, Canada is shielded from any global tariffs on cars the US might impose on national security grounds by means of a tariff-free quota well above current export levels.  

The insolvency environment

Insolvencies increase again in 2019 and 2020

Due to the modest economic growth and increased business uncertainty corporate bankruptcies are expected to increase 6% in 2019 and 2% in 2020 after several years of annual decreases.

Business bankruptcies in Canada

相關資料

免責聲明

本網站所作聲明僅供一般參考,不應依賴用作任何其他用途。請參閱實際保單、相關產品或服務協議以了解規管條款。本網站的任何內容不應被視為Atradius任何權利、義務或責任的依據,包括進行買家盡職審查或代表閣下的任何義務。若Atradius確實對任何買家進行盡職審查,此乃出於自身承保目的,而非為受保人或任何其他人士進行。此外,Atradius及其關聯公司、聯屬公司及附屬公司在任何情況下概不就使用本網站所載資料的陳述而導致的任何直接、間接、特殊、附帶或相應的損害承擔責任。