Metropolitan Outlook 1: Economic Insights into 13 Canadian Metropolitan Economies: Winter 2012
This publication focuses on the metropolitan economies of Halifax, Quebec City, Montreal, Ottawa-Gatineau, Toronto, Hamilton, Winnipeg, Regina, Saskatoon, Calgary, Edmonton, Vancouver, and Victoria.
- Strength in manufacturing and the services sector will support GDP growth of 2.4 per cent in Halifax this year.
- A recovery in manufacturing will help lift Québec City’s GDP growth to 2.1 per cent in 2012.
- Montréal’s economy will expand by 2 per cent in 2012, partly thanks to stronger growth in manufacturing.
- Federal government belt-tightening will limit Ottawa–Gatineau’s economic growth to 1.8 per cent in 2012.
- Toronto’s GDP will grow by 2.6 per cent this year, as stronger consumer demand boosts manufacturing.
- With the global economy now back on shaky ground, Hamilton’s economy will grow by a modest 2 per cent in 2012.
- Winnipeg’s GDP will expand by 2.4 per cent in 2012 as manufacturing shows signs of new life.
- Regina’s robust economic growth will ease to 2.9 per cent in 2012, as construction growth slows.
- Saskatoon’s economic growth of 4 per cent this year is underpinned by Saskatchewan’s resource boom.
- Strength in Alberta’s energy sector and solid domestic demand will boost Calgary’s GDP by 3.6 per cent in 2012.
- Edmonton’s GDP will grow by 3.4 per cent in 2012 thanks to strength in the manufacturing and services sectors.
- Gains in manufacturing and services will support economic growth of 2.6 per cent in Vancouver in 2012.
- Fiscal restraint will limit Victoria’s overall economic growth to 1.9 per cent in 2012.