Canadian industries operated at 79.3% of their production capacity in the third quarter of 2024, up slightly from 79.1% in the second quarter and above market estimates of 78.9%. It was the highest reading since Q2 2023, as capacity utilization in the electric power generation, transmission and distribution industry rose 1.9 percentage points to 83.4% in the third quarter. This increase coincided with higher demand for electricity for cooling-related purposes because of higher-than-normal temperatures observed in some parts of the country during the summer. However, capacity utilization in mining, quarrying, and oil and gas fell 0.7 points to 75.9% in Q3, driven by lower oil sands and natural gas extraction amid facility maintenance. Concurrently, the capacity utilization rate in the manufacturing sector edged up 0.4 percentage points to 78.2%, driven by petroleum and coal product manufacturing (+2.2 percentage points) and transportation equipment manufacturing (+1.4 pps). source: Statistics Canada

Capacity Utilization in Canada increased to 79.30 percent in the third quarter of 2024 from 79.10 percent in the second quarter of 2024. Capacity Utilization in Canada averaged 82.47 percent from 1987 until 2024, reaching an all time high of 87.30 percent in the first quarter of 1988 and a record low of 71.20 percent in the second quarter of 2020. This page provides the latest reported value for - Canada Capacity Utilization - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada Capacity Utilization - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.

Capacity Utilization in Canada increased to 79.30 percent in the third quarter of 2024 from 79.10 percent in the second quarter of 2024. Capacity Utilization in Canada is expected to be 79.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Capacity Utilization is projected to trend around 83.00 percent in 2025 and 84.00 percent in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-09-13 12:30 PM
Capacity Utilization
Q2 79.1% 78.6% 78.4% 78.4%
2024-12-13 01:30 PM
Capacity Utilization
Q3 79.3% 79.1% 78.9% 79.3%
2025-03-07 01:30 PM
Capacity Utilization
Q4 79.3% 79.6%


Related Last Previous Unit Reference
Bankruptcies 374.00 332.00 Companies Nov 2024
Capacity Utilization 79.30 79.10 percent Sep 2024
New Motor Vehicle Sales 160942.00 164757.00 Units Nov 2024
Changes in Inventories 17266.00 24869.00 CAD Million Sep 2024
Corporate Profits 141003.00 141817.00 CAD Million Sep 2024
Industrial Production 1.90 1.70 percent Oct 2024
Industrial Production Mom 0.30 0.20 percent Oct 2024
Manufacturing Production -2.80 -4.30 percent Oct 2024
Manufacturing Sales MoM 0.60 0.80 percent Dec 2024
Mining Production 6.40 3.80 percent Oct 2024
New Orders 71757417.00 70485651.00 CAD Thousand Nov 2024
Wholesale Sales MoM -0.20 1.00 percent Nov 2024

Canada Capacity Utilization
The rates of capacity utilization are measures of the intensity with which industries use their production capacity. Capacity utilization is the percentage of actual to potential output.
Actual Previous Highest Lowest Dates Unit Frequency
79.30 79.10 87.30 71.20 1987 - 2024 percent Quarterly
NSA


News Stream
Canada Q3 Capacity Utilization at Over 1-Year High
Canadian industries operated at 79.3% of their production capacity in the third quarter of 2024, up slightly from 79.1% in the second quarter and above market estimates of 78.9%. It was the highest reading since Q2 2023, as capacity utilization in the electric power generation, transmission and distribution industry rose 1.9 percentage points to 83.4% in the third quarter. This increase coincided with higher demand for electricity for cooling-related purposes because of higher-than-normal temperatures observed in some parts of the country during the summer. However, capacity utilization in mining, quarrying, and oil and gas fell 0.7 points to 75.9% in Q3, driven by lower oil sands and natural gas extraction amid facility maintenance. Concurrently, the capacity utilization rate in the manufacturing sector edged up 0.4 percentage points to 78.2%, driven by petroleum and coal product manufacturing (+2.2 percentage points) and transportation equipment manufacturing (+1.4 pps).
2024-12-13
Canada Capacity Utilization Rate Tops Forecasts
Canadian industries operated at 79.1% of their production capacity in the second quarter of 2024, up slightly from a revised 78.6% in the first quarter and above market estimates of 78.4%. Capacity utilization in the mining, quarrying, and oil and gas extraction sector rose 1.6 percentage points to 77.2% in Q2. This increase coincided with heightened activity in oil sands extraction, following the resumption of production at several facilities after maintenance and turnarounds in late Q1, as well as in support activities for mining and oil and gas extraction. Additionally, the capacity utilization rate in the manufacturing sector rose 0.5 percentage points to 77.6%, driven by computer and electronic product manufacturing (+5.1 percentage points) and wood product manufacturing (+2.9 percentage points). Conversely, the capacity utilization rate in the construction sector dipped by 0.2 percentage points to 82.4%, due to a downturn in residential building construction.
2024-09-13
Canada Q1 Capacity Utilization Rate Misses Forecasts
Canadian industries operated at 78.5% of their production capacity in the first quarter of 2024, little changed from a revised 78.6% in the previous period and below market estimates of 78.8%. Thus, it remains close to the lowest since Q3 2020. The capacity utilization rate in the manufacturing sector decreased by 0.1 percentage points to 76.8%, driven by slowdowns in wood product manufacturing (-3.0 percentage points) and non-metallic mineral product manufacturing (-4.5 percentage points). The capacity utilization in mining, quarrying, and oil and gas extraction fell 0.7 percentage points from the fourth quarter of 2023 to 75.6% in the first quarter of 2024, following two quarterly increases. Conversely, capacity utilization in the construction sector increased slightly by 0.1 percentage points from the previous quarter to 82.7% in the first quarter, driven by higher activity in engineering, which offset the decline in residential building construction.
2024-06-07