Provincial Outlook Executive Summary: Spring 2018
This quarterly economic forecast provides highlights of the Provincial Outlook report, which presents the short-term outlook for Canada's provinces.
- High debt levels, rising interest rates, and slower employment gains will weigh
down economic growth in Canada.
- Trade and investment both face uncertainty and will not contribute much to
growth across the country.
- Manitoba’s economic growth is forecast to cool over the near term as private
investment peaks in 2018.
- Quebec’s and Ontario’s economies, given easing domestic demand, will
advance at a more moderate pace.
- It is a difficult road for the energy sector as major companies are holding back
on investment until there is more certainty about pipeline capacity; this is hurting
Alberta’s outlook. But oil prices have been rising, presenting upside risks to
- The benefits of stronger international immigration helped the economies of New
Brunswick and Nova Scotia in the last two years, but the aging of the population
will keep growth modest going forward.
- The only provinces that are expected to see a pickup in economic growth next
year are Saskatchewan and Newfoundland and Labrador.
Table of Contents
- Uncertain Times
- National Overview
- Provincial Overview
- U.S. Outlook
- Monetary Policy
- Fiscal Outlook
- Newfoundland and Labrador
- Prince Edward Island
- Nova Scotia
- New Brunswick
- British Columbia
Appendix A–Forecast Tables