Provincial Outlook Executive Summary Autumn 2013
This quarterly economic forecast provides highlights of the Provincial Outlook report, which presents the short-term outlook for Canada's provinces.
- Over the past few years, we have witnessed a two-tiered economy in Canada, with resource-rich Saskatchewan, Alberta, and Newfoundland and Labrador outperforming the rest of the country.
- However, better days are ahead for most provinces as they benefit from a stronger U.S. economy, improving business and consumer confidence, and a firmer domestic economy.
- The public sector will contribute only
marginally to bottom-line growth over the next two years.
- The fiscal situation remains tenuous in several provinces, as only a few have their fiscal houses in order.