Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Least Risky Industries in Canada in 2020
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View a list of the Top 25 least risky industries2020 Overall Risk Score: 2.80
The Cannabis Production industry in Canada has blossomed over the five years to 2020 as a massive market was introduced into the industry, driving up revenue late during the period. Since Health Canada opened up medicinal cannabis production to more players in 2013, the industry has grown continuously as operators invest in production capabilities to produce quality products. However, the legalization of recreational cannabis in 2018 has been the primary driver of the industry boom during the period. As consumers shifted from illegal cannabis purchases to the licensed recreational market, the industry grew significantly and is expected to grow 25.7%... Learn More
2020 Overall Risk Score: 3.48
The Foreign Currency Exchange Services industry in Canada is expected to flourish over the five years to 2019, as operators expand their service offerings and favourable economic trends boost demand. Pressure from external competition by banks offering foreign exchange services has held back the industry’s expansion significantly. However, more operators are offering services to financial institutions by participating in the supply chain of foreign exchange, supplying banks with banknotes in wholesale or providing the service directly as an outsourced agent. Alongside favourable economic trends and the proliferation of online services, operators have expanded the demand pool by extending the reach... Learn More
2020 Overall Risk Score: 3.86
The Dairy Farms industry in Canada consists of farms that primarily raise cattle for milking, and the majority of industry revenue comes from the sale of milk to dairy processors. Industry performance has been slow, with revenue stagnating at $8.2 billion over the five years to 2020. Industry revenue is forecast to decline 1.7% in 2020 alone, primarily associated with the economic slowdown attributed to COVID-19 (coronavirus). While consumer spending has risen, fluid milk consumption has fallen in recent years in favour of substitutes, cutting into demand for one of the industry's primary products. However, downstream demand for other dairy... Learn More
2020 Overall Risk Score: 3.88
As with most other industries under the supply management system, the Chicken and Turkey Meat Production industry in Canada exhibits a low degree of volatility. Fortunately for farmers, effective supply management has helped offset dips in revenue. The industry's revenue growth is expected to be relatively steady over the five years to 2020, with profit rising steadily. Overall, industry revenue is estimated to rise at an annualized rate of 1.1% to $3.2 billion over the five years to 2020. Due in large part to the high margin enforced by the supply management system, industry profit, defined as earnings before interest... Learn More
2020 Overall Risk Score: 4.00
Over the five years to 2020, the Home Furnishings Stores industry in Canada has, for the most part, performed poorly. The combination of economic uncertainty, decreasing consumer confidence and an overall weak housing market decreased demand for home furnishings. Uncertainty in the housing market in 2017, however, caused by new mortgage regulations and concerns of a potential bubble hurt the industry. As more stringent mortgage regulations went into force in 2018, the industry continued to struggle. Overall, industry revenue is expected to decline during the five-year period, buoyed by an increase in consumer spending. Over the five years to 2020,... Learn More
2020 Overall Risk Score: 4.00
Canada is one of the world's largest producers of crude oil and natural gas, as well as a range of other metal and mineral commodities, and this has traditionally benefited the Mining, Oil and Gas Machinery Manufacturing industry in Canada, which produces goods used by extraction industries. Revenue is closely tied to commodity prices, as these can dictate levels of investment and activity by extraction companies. Commodity prices have been hugely volatile over the five years to 2020, with the prices of many goods tanking, causing exploration activity and demand for industry products to fall. While the prices of many... Learn More
2020 Overall Risk Score: 4.09
The Real Estate Investment Trusts (REIT) industry in Canada has grown consistently over the five years to 2020, as solid operational efficiency and a low interest rate environment laid the foundation for growth. The industry benefited from a low level of revenue volatility that is backed by a steady stream of income from rentals amid stable economic growth. Long-term rent contracts in the commercial segments and the rise of rental rates in the residential segment have enabled the industry to maintain stable growth rates year-over-year during the period, even amid an economic slowdown in 2015 and 2016. Overall, the industry... Learn More
2020 Overall Risk Score: 4.12
Operators in the Public Transportation industry in Canada operate passenger transit systems over fixed routes and regular schedules within a metropolitan area. Transportation systems involve multiple modes of transportation, including subways, streetcars and buses. Due to the high capital costs associated with running a large public transportation system, most industry operators rely on government subsidies. As a result, government funding is a key driver of industry revenue. Government stimulus programs, such as the Building Canada Plan and the Infrastructure Stimulus Fund, fuelled industry revenue growth over the five years to 2020. Ultimately, industry revenue is expected to increase an annualized... Learn More
2020 Overall Risk Score: 4.17
Despite experiencing intensifying competition from online ophthalmological goods retailers, the Optometrists industry in Canada has exhibited growth over the five years to 2020. Demand for industry services was driven by a burgeoning elderly population, in addition to increased awareness of the importance of eye health. Furthermore, increased advertising has benefited industry operators. For example, the College of Optometrists of Quebec, the Association of Optometrists of Quebec, the Office of Professions of Quebec and the College of Dispensing Opticians of Quebec all implemented advertising campaigns to raise public awareness of the potential hazards of purchasing online eyewear products. One potential hazard... Learn More
2020 Overall Risk Score: 4.17
Over the five years to 2019, IBISWorld anticipates revenue for the Billboard and Outdoor Advertising industry in Canada to climb due to rising consumer spending and consumer confidence, despite heightened volatility in corporate profit. Oscillations in corporate profit forced many companies to reduce costs in some years, including marketing expenditures that are typically included in the first budget cuts. Nonetheless, a positive macroeconomic environment after a brief recession in 2015 is projected to fuel industry expansion at an annualized rate of 4.3% to reach $1.3 billion over the five years to 2019. Crucially, revenue is forecast to rise 3.6% in... Learn More
Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Most Profitable Industries in Canada in 2020
VIEW ARTICLEBased on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Fastest Growing Industries in Canada by Revenue Growth (%) in 2020
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