Economic progress depends on business investment

Investment in digital economy, services to lead the way

In recent years, companies have not been spending as much as we had expected, in part because they are worried that global trade conflict could disrupt their business.

Our aging population and competitiveness issues are also holding back decisions to upgrade or expand capacity in Canada.

Still, we expect business investment to expand gradually this year, led by firms outside the oil and gas sector. Where will investment come from?

  • Services industries, such as information technology, where demand is solid
  • Digital economic activities, such as automation, artificial intelligence and machine learning

News – Bank of Canada