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.

Document Highlights

  • 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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