Provincial Outlook Executive Summary: Summer 2012

The Conference Board of Canada, 18 pages, July 2012
Executive Summary by Marie-Christine Bernard

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This quarterly economic forecast provides highlights of the Provincial Outlook report, which presents the short-term outlook for Canada's provinces.

The provincial outlook is less healthy looking as easing growth in the global economy dampens near-term economic prospects.
The pullback in oil prices and the large oil price discount that is burdening Canadian petroleum producers could lower capital spending plans going forward, hampering real GDP in Alberta.
Despite negative headwinds in the global economy and fiscal cut-backs at the provincial and federal level, the regional outlook for now remains largely positive for most provinces.
A growing interest in developing the resource sector in many areas of Canada will provide a solid foundation for job creation and income prospects over the forecast period.

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