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Provincial Outlook Executive Summary: Winter 2018

The Conference Board of Canada, 30 pages, February 28, 2018
Executive Summary by
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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 still performing well, but growth has been easing.
  • Despite turbulence and uncertainty on the trade and investment fronts, no hard landing is expected for the Canadian economy.
  • A host of projects, mainly in the energy sector, will power B.C.’s economy this year to 3.1 per cent growth—the best of any province.
  • Quebec and Ontario will see economic growth ease from close to or above 3 per cent last year to around 2 per cent this year and next.
  • The recovery is on solid ground in Alberta, where job creation is expected to accelerate and lower the unemployment rate to close to 6 per cent by the end of this year.
  • Population aging is hurting the Maritimes. Economic growth will be relatively weak in Nova Scotia and New Brunswick over the near term.
  • New oil production from Hebron will help return Newfoundland and Labrador to real economic growth of 2.6 per cent in 2018 and 3.6 per cent in 2019.

Table of Contents

EXECUTIVE SUMMARY

  • Turbulence Signals Hard Landing? Not So Fast!
  • 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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