Provincial Outlook Economic Forecast: Spring 2011
The Conference Board of Canada, 80 pages,
June 13, 2011
This quarterly economic forecast provides highlights of the Provincial Outlook report, which presents the short-term outlook for Canada's provinces.
Economic growth will be strong in the Western
part of the country this year—except for British
Columbia, where growth will cool following a
year of fiscal and Olympic-related boosts in 2010.
Fuelled by renewed interest in developing the oil
sands, Alberta will see strong economic growth
in 2011–12, while Saskatchewan will benefit
from tax breaks and a hot mining industry.
Manitoba will hold its own despite floods
postponing seeding in many areas.
Growth will be more moderate in Central
and Eastern Canada.
Weaker construction activity will dampen New
Brunswick’s real GDP growth in 2011. But
Prince Edward Island will see strong gains in
utilities, while Newfoundland and Labrador’s
economy will continue to post stellar growth.