Provincial Outlook Executive Summary: Autumn 2017

The Conference Board of Canada, November 22, 2017
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This quarterly economic forecast provides highlights of the Provincial Outlook report, which presents the short-term outlook for Canada's provinces.

Document Highlights

  • While key economic indicators remain positive as we approach the New Year, the Canadian economy is not expected to continue to grow at the same strong pace.
  • British Columbia will outpace all other provinces next year with real GDP growth of 2.7 per cent.
  • With oil prices steadily improving since the summer, Alberta’s economic performance could well surprise on the upside.
  • The strong economic momentum in Central Canada is expected to lose speed quickly as consumers shift gears and spend less.
  • Manitoba’s economic performance will be much weaker over the near term.
  • The countdown is on for new oil production in Newfoundland and Labrador—the only province that will see an acceleration in economic growth next year.

Table of Contents

EXECUTIVE SUMMARY

  • A Slowdown in Growth Coming but Not in Newfoundland and Labrador
  • National Overview
  • Provincial Overview
  • U.S. Outlook
  • Monetary Policy
  • Fiscal Outlook
  • Newfoundland and Labrador
  • Prince Edward Island
  • Nova Scotia
  • New Brunswick
  • Quebec
  • Ontario
  • Manitoba
  • Saskatchewan
  • Alberta
  • British Columbia

Appendix A–Forecast Tables

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