Metropolitan Outlook 1: Economic Insights into 13 Canadian Metropolitan Economies: Autumn 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.
- Halifax’s economy will expand by 1.7 per cent in 2012, held back by a contraction in construction output.
- Québec City’s GDP will grow by 2 per cent this year as the construction sector expands but manufacturing contracts.
- Slow growth in construction and the services sector will restrict GDP growth in Montréal to 1.2 per cent in 2012.
- Federal fiscal austerity and softness in the high-tech sector will limit Ottawa–Gatineau’s GDP growth to 1 per cent in 2012.
- Gains in manufacturing and construction output will help Toronto’s economy grow by 2.3 per cent in 2012.
- Hamilton’s GDP will expand by 2.5 per cent this year, thanks to strength in manufacturing and construction.
- Gains in manufacturing and home building will support a 2 per cent increase in Winnipeg’s economy this year.
- Regina’s economy remains buoyant, with GDP to grow 3.7 per cent in 2012, pulled up by manufacturing strength.
- As services sector growth eases this year, Saskatoon’s economic growth will slow temporarily to 2.1 per cent.
- Calgary’s GDP growth of 3.8 per cent in 2012 is due to strong manufacturing, construction, and business services.
- Construction, manufacturing, and the primary sector will propel Edmonton’s GDP growth to 4.6 per cent in 2012.
- Strength in construction and a recovery in manufacturing will support GDP growth of 3.1 per cent in Vancouver in 2012.
- A contraction in public sector output will limit Victoria’s economic growth to 1.3 per cent this year.
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