Industries with the Biggest Increase in Profit Margin in Canada in 2025

1. Chicken & Turkey Meat Production in Canada

Percentage Point Increase for 2025: 3.1pp

As with most other industries under the supply management system, Canada's Chicken and Turkey Meat Production industry exhibits low to moderate volatility. Fortunately for farmers, effective supply management has helped offset dips in revenue. Industry revenue is expected to grow an annualized 2.6% to $4.3 billion over the five years to 2023 as a result of increased poultry consumption among consumers. In 2023 alone, industry revenue is expected to decrease 0.1% due to a forecast decline in the price of poultry meat alongside general economic uncertainty, which will likely reduce spending on premium industry goods. Due largely to the high... Learn More

2. Credit Unions in Canada

Percentage Point Increase for 2025: 2.6pp

The Credit Unions industry in Canada experienced growth over the past five years. As household incomes and borrowing needs have grown, credit unions' balance sheets have continued to expand. Encouraged by improving macroeconomic developments, the Bank of Canada raised the overnight rate target several times in 2018 and 2019, in turn raising the price of borrowing and boosting credit unions' incomes. Easing financial conditions in 2020 in response to the coronavirus compressed interest margins but expanded demand for credit, namely residential mortgages offered by industry players. Additionally, expanding disposable incomes and high savings rates due to government stimulus and altered... Learn More

3. Ski & Snowboard Resorts in Canada

Percentage Point Increase for 2025: 2.1pp

The Ski and Snowboard Resorts industry in Canada has experienced meager growth over the five years to 2023 due to steep declines caused by COVID-19. However, rising per capita disposable income during most of the period gave consumers more discretionary income, enabling them to spend more on recreational activities, such as skiing and snowboarding. Overall, industry revenue is expected to increase an annualized 0.2% to $1.5 billion over the five years to 2023.

The COVID-19 pandemic had a remarkable impact on all tourism-related industries as travel restrictions enacted to prevent the spread of the virus ultimately prevented tourism. Provincial lockdowns... Learn More

4. Sawmills & Wood Production in Canada

Percentage Point Increase for 2025: 2.0pp

Sawmill and wood producers in Canada have experienced revenue growth throughout 2023. The industry has experienced complicated operating conditions due to the lingering effects of several wildfires in the area and the spread of COVID-19. The industry has experienced strong demand from key downstream consumers during most of the period, such as the US housing market, which is the largest buyer of industry goods. But increased operating costs related to a fibre shortage and volatile exports are expected to reduce industry profit. Profit, measured as earnings before interest and taxes, is expected to decrease, accounting for 7.2% in 2023. While... Learn More

5. Cannabis Production in Canada

Percentage Point Increase for 2025: 1.9pp

Cannabis producers in Canada have blossomed in recent years as recreational products were legalized in 2018, opening up massive growth. Since Health Canada opened up medicinal cannabis production to more players in 2013, producers have grown continuously as they invest in production capabilities to produce quality products. As consumers shifted from illegal cannabis purchases to the licensed recreational market, cannabis growers have grown significantly, but revenue is expected to expand 17.5% in 2023 alone as the novelty of legal cannabis has worn off and most the black market has shifted to licensed purchases, which has decreased growth. Revenue has ballooned... Learn More

6. Battery Manufacturing in Canada

Percentage Point Increase for 2025: 1.8pp

The Battery Manufacturing industry in Canada has experienced strong growth in recent years; there is growing demand for batteries in various applications, including portable electronics, electric vehicles, and renewable energy storage. This has created opportunities for Canadian battery manufacturers to expand their operations and increase production. The Canadian government has made significant investments in the development and commercialization of battery technology, including funding research and development programs, providing tax incentives and supporting the growth of the electric vehicle industry. This support has helped to attract investment and create opportunities for Canadian battery manufacturers. Consequently, industry revenue is anticipated to grow... Learn More

7. Wood Panelling Manufacturing in Canada

Percentage Point Increase for 2025: 1.5pp

Wood panelling manufactures supply plywood, veneer, medium-density fibreboard, oriented strand board (OSB) and particleboard. These products are primarily used in residential and commercial construction. While domestic construction markets are a significant source of industry demand, a notable portion of the industry's revenue stems from exports to the United States. As a result, industry performance is closely tied to the health of the housing markets in Canada and the United States. A boom in spending on housing renovation and construction during 2020 and 2021 raised industry revenue, but as spending dropped in response to higher interest rates in 2022, revenue experienced... Learn More

8. Waste Treatment & Disposal Services in Canada

Percentage Point Increase for 2025: 1.3pp

The Waste Treatment and Disposal Services industry in Canada consists of companies engaged in operating a variety of waste treatment and disposal sites, including landfills, incinerators or other types of disposal facilities. While demand for recycling has been a long-term trend, waste production has continued to grow. Still, the industry has been hampered by volatile crude oil prices, which, along with the COVID-19 pandemic, has hindered investment in the energy sector and cut demand from related activities. Nonetheless, recovery is well underway, especially as COVID restrictions dissipate and nonresidential construction work resumes. Despite this, rising interest rates have stifled residential... Learn More

9. Landscaping Services in Canada

Percentage Point Increase for 2025: 1.2pp

Economic volatility has dominated the landscape in recent years, but landscapers have been immune to that, experiencing strong growth. The COVID-19 pandemic severely cut into revenue for large swaths of the economy and many service industries suffered. Landscapers benefited from a lack of consumer spending and travel; Canadians with stimulus cheques invested that money in their home, often using landscapers to renovate the outside of their houses. Revenue has expanded at a CAGR of 6.6% to $18.4 billion through the end of 2023, including a 4.9% increase in 2023 alone due to a 26.7% jump in fertilizer prices. Landscapers were... Learn More

10. Wired Telecommunications Carriers in Canada

Percentage Point Increase for 2025: 1.2pp

Rapid technological advancements have changed the way humans interact, pushing wired telecommunication services to the sidelines of communication. External competition from wireless telecommunication services and Voice over Internet Protocol (VoIP) software have lessened demand for local and long-distance telephony services. In recent years, many households have reduced expenses by cutting landline phone service. Industry revenue has been falling at a CAGR of 7.8% over the past five years, and is expected to reach $4.4 billion through the end of 2023. This includes a decline of 5.1% in 2023 alone.

Although households with high incomes initially purchased both wireless and wireline services,... Learn More