Industry Analysis & Industry Trends
Industry operators have benefited from the strengthening value of oil and mined commodities in recent years. Energy and mining clients have increasingly requested industry services to expand operations or improve efficiency to meet renewed demand. Industry operators will likely continue to benefit from strong investment in nonresidential construction during the next five years. Although federal funding for infrastructure is projected to decline, private investment should improve along with the broader economy... purchase to read more
Industry Report - Industry Analysis Chapter
The Engineering Services industry has shown signs of sustained growth during the past five years, following a decline during Canada's 2009 recession. Industry revenue experienced a boom during the early and mid-2000s as the value of oil and mining commodities, such as gold, aluminum and nickel, strengthened significantly. In response, downstream energy and mining clients increased their demand for services to upgrade or expand facilities and infrastructure. However, the industry was not immune to the global financial crisis or its impact on the Canadian economy; as GDP contracted in 2009, revenue declined.
Nevertheless, the commodity-driven nature of Canada's economy shielded it from the severe declines seen in the United States and the European Union... purchase to read more