Provincial Outlook Executive Summary: Spring 2015

The Conference Board of Canada, 18 pages, May 28, 2015
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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 Canadian economy did not perform well over the first few months of the year, but growth will pick up through the rest of 2015.
  • A wind of change is blowing through the country, as economic growth will be the strongest in Central Canada, Manitoba, and British Columbia over the near term.
  • Real GDP growth in Atlantic Canada is expected to pick up. The exception is Newfoundland and Labrador, where the economy is being hurt by a drop in investment.
  • Deficits will remain a challenge for the majority of the provincial governments. Only British Columbia, Saskatchewan, Quebec and Prince Edward Island are projecting balanced budgets for 2015–16.

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