Provincial Outlook Executive Summary: Winter 2010

The Conference Board of Canada, 14 pages, February 19, 2010
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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

  • British Columbia will finish first this year, boosted in part by the Winter Olympic Games and a recovery in the decimated forestry sector.
  • Ontario is forecast to outpace the national average for the first time in nearly a decade in 2010. The provincial economy has been picking up speed over the last few months.
  • Quebec will experience only modest economic growth over the next two years, as the aerospace industry continues to suffer and public infrastructure stimulus winds down.
  • The Maritime provinces, along with Manitoba, will post real GDP growth of 2 per cent or less in 2010. These provinces did not falter as much during the recession.
  • New potash sales early this year will kick off the recovery in Saskatchewan.
  • Alberta’s energy sector is set to bounce back, while the resource sector will fuel a rebound in Newfoundland and Labrador, as both provinces emerge from the recession.

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