Provincial Outlook Executive Summary: Autumn 2012

The Conference Board of Canada, 16 pages, November 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 economic outlook remains more favourable for the Western provinces over the near term.
Momentum is expected to build in key sectors in Atlantic and Central Canada, fuelling a gradual improvement in their economies over the next two years.
Most provinces are feeling the weight of weaker mining commodity prices and revised production plans, but medium-term prospects are generally good for the mining industry.
There are downside risks to the investment outlook at the regional level; resource companies could pull back or delay large capital expansion plans until the global economy picks up more steam.
Apart from Saskatchewan, all provincial governments are implementing more austere fiscal spending plans.

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