Provincial Outlook Executive Summary: Summer 2017
The Conference Board of Canada, 35 pages,
August 16, 2017
This quarterly economic forecast provides highlights of the Provincial Outlook report, which presents the short-term outlook for Canada’s provinces.
- The Canadian economy is advancing at its fastest pace in nearly two decades.
- Alberta’s economy is recovering; it will be the fastest growing province this
year. The recovery will lose speed next year as oil prices struggle to increase.
Saskatchewan’s economic recovery will also cool next year.
- Quebec’s unemployment rate dropped to a 20-year low, and it has successfully
turned its fiscal situation around. However, the effects of an aging population will
ease the Quebec economy’s rate of growth.
- The overall effects of the forest fires in British Columbia are still being assessed.
With a slowdown in the housing sector, economic growth is expected to weaken
over the near term.
- Manitoba’s economy is not expected to grow much next year as investment in
major power projects will come down and metal mining will suffer from declining
- With the Canadian economy gaining speed, more interest rate hikes are in store
over the next two years.
Table of Contents
- Alberta Tops the Chart
- National Overview
- Provincial Overview
- U.S. Outlook
- Monetary Policy
- Fiscal Outlook
- Newfoundland and Labrador
- Prince Edward Island
- Nova Scotia
- New Brunswick
- British Columbia
Appendix A–Forecast Tables