Metropolitan Outlook 1: Economic Insights into 13 Canadian Metropolitan Economies: Winter 2011

The Conference Board of Canada, 96 pages, February 18, 2011
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This publication focuses on the metropolitan economies of Halifax, Quebec City, Montreal, Ottawa-Gatineau, Toronto, Hamilton, Winnipeg, Regina, Saskatoon, Calgary, Edmonton, Vancouver, and Victoria.

Document Highlights

  • Manufacturing—particularly at the shipyard—will help lift Halifax’s overall economy by 2.5 per cent in 2011.
  • Québec City’s GDP will rise 2.3 per cent in 2011, as manufacturing offsets slower construction growth.
  • The aerospace industry recovery will help Montréal’s economy expand by 2.2 per cent this year.
  • Federal government belt-tightening will limit Ottawa–Gatineau’s economic growth to 2.4 per cent in 2011.
  • As the Canadian and U.S. recoveries slow, Toronto’s GDP growth will ease to a still healthy 3 per cent in 2011.
  • Hamilton’s real GDP growth will ease to 2.7 per cent this year, but be widespread across most economic sectors.
  • Another contraction in construction output will limit Winnipeg’s GDP growth to 2 per cent in 2011.
  • Regina’s GDP will grow by 3.5 per cent in 2011, thanks to busy construction and manufacturing activity.
  • Strength in construction and manufacturing will help boost Saskatoon’s economy by 3.4 per cent this year.
  • Calgary’s economy will expand by 3.7 per cent this year as the energy sector continues to recover.
  • Edmonton’s GDP growth will moderate to 2.6 per cent in 2011, as the pace of the manufacturing recovery eases.
  • Vancouver’s GDP growth will ease to 2.8 per cent this year, as government stimulus winds down and U.S. demand stays weak.
  • Widespread strength in the services sector will help lift Victoria’s economy by 2.4 per cent in 2011.

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