Provincial Outlook Executive Summary: Summer 2017

The Conference Board of Canada, 35 pages, August 16, 2017
Executive Summary
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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 is advancing at its fastest pace in nearly two decades.
  • Alberta’s economy is recovering; it will be the fastest growing province this year. The recovery will lose speed next year as oil prices struggle to increase. Saskatchewan’s economic recovery will also cool next year.
  • Quebec’s unemployment rate dropped to a 20-year low, and it has successfully turned its fiscal situation around. However, the effects of an aging population will ease the Quebec economy’s rate of growth.
  • The overall effects of the forest fires in British Columbia are still being assessed. With a slowdown in the housing sector, economic growth is expected to weaken over the near term.
  • Manitoba’s economy is not expected to grow much next year as investment in major power projects will come down and metal mining will suffer from declining reserves.
  • With the Canadian economy gaining speed, more interest rate hikes are in store over the next two years.

Table of Contents

EXECUTIVE SUMMARY

  • Alberta Tops the Chart
  • National Overview
  • Provincial Overview
  • U.S. Outlook
  • Monetary Policy
  • Fiscal Outlook
  • Newfoundland and Labrador
  • Prince Edward Island
  • Nova Scotia
  • New Brunswick
  • Quebec
  • Ontario
  • Manitoba
  • Saskatchewan
  • Alberta
  • British Columbia

Appendix A–Forecast Tables

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