Metropolitan Outlook 2: Economic Insights into 14 Canadian Metropolitan Economies: Summer 2011
This publication focuses on the metropolitan economies of St. John’s, Saint John, Saguenay, Trois-Rivières, Sherbrooke, Kingston, Oshawa, St. Catharines–Niagara, Kitchener, London, Windsor, Greater Sudbury, Thunder Bay, and Abbotsford.
- GDP in St. John’s will grow by 4.9 per cent this year, on the heels of a 6.5 per cent increase in 2010.
- Saint John will post GDP growth of 1.9 per cent this year. The gains will be broad based.
- Saguenay’s economy will expand by 1 per cent in 2011 amid rising employment.
- Trois-Rivières’ economy will grow by 1.2 per cent in 2011, led by manufacturing.
- Sherbrooke’s GDP will rise 2.6 per cent this year as manufacturing and construction output gain momentum.
- Strength in services and the ongoing recovery in manufacturing will lift Kingston’s economy by 1.9 per cent this year.
- Led by the recovery in the auto industry, Oshawa’s economy will expand by 2.7 per cent this year.
- St. Catharines’ GDP growth will slow to 1.7 per cent in 2011, but manufacturing will remain strong.
- A healthy manufacturing sector will help Kitchener–Cambridge–Waterloo post 2011 GDP growth of 2.6 per cent.
- Gains in London’s services sector will offset weakness elsewhere, allowing overall GDP growth of 1.7 per cent this year.
- Windsor’s economy will grow by 2.6 per cent in 2011, led by big gains in construction.
- With the Vale mining strike in the past, Sudbury’s GDP will grow by 2.1 per cent this year.
- Thunder Bay’s manufacturing woes continue, and we forecast no economic growth there this year.
Mli>Slower manufacturing and construction activity will see GDP growth in Abbotsford–Mission slow to 2.7 per cent in 2011.
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