Metropolitan Outlook 1: Economic Insights into 27 Canadian Metropolitan Economies: Autumn 2007
This publication focuses on the metropolitan economies of Halifax, Quebec City, Montreal, Ottawa-Gatineau, Toronto, Hamilton, Winnipeg, Regina, Saskatoon, Calgary, Edmonton, Vancouver, and Victoria.
Report by
Alan Arcand
,
Maxim Armstrong
,
Mario Lefebvre
,
Greg Sutherland
,
Robin Wiebe
The Conference Board of Canada, 96 pages, September 2007
Document Highlights:
- Read GDP growth in Halifax will accelerate to 2.5 per cent in 2007, led by continued services sector strength.
- Québec City’s economy is set to grow by 2.6 per cent this year, in part thanks to strength in manufacturing.
- Ongoing manufacturing weakness will limit Montréal’s real GDP growth to 2.1 per cent in 2007.
- Ottawa–Gatineau’s economy will slow to 2.3 per cent this year, held back by sluggish growth in public administration.
- Toronto’s real GDP is forecast to expand by 2.7 per cent in 2007—still short of its economic potential.
- Once again, Hamilton’s manufacturing sector will drag down overall economic growth, to 1.3 per cent in 2007.
- Strength in construction and manufacturing will push Winnipeg’s economic growth to 3.7 per cent this year.
- Regina’s 3.5 per cent overall economic expansion this year will be the fastest in a decade.
- This year’s real GDP growth of 4.7 per cent in Saskatoon will prompt employment to advance by 4.8 per cent.
- Calgary’s economic growth is set to moderate to a still remarkable 4.4 per cent in 2007.
- Slower growth in the goods sector will temper Edmonton’s real GDP growth to a still solid 3.6 per cent this year.
- Vancouver’s real GDP will slip to 2.9 per cent in 2007, given slower growth in manufacturing and construction.
- Although economic growth will ease to 2.8 per cent in Victoria this year, employment will rise by 2.5 per cent.
|