Metropolitan Outlook 1: Economic Insights into 13 Canadian Metropolitan Economies: Winter 2011
This publication focuses on the metropolitan economies of Halifax, Quebec City, Montreal, Ottawa-Gatineau, Toronto, Hamilton, Winnipeg, Regina, Saskatoon, Calgary, Edmonton, Vancouver, and Victoria.
- 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.