Montréal will post the top economic growth rate among Canada’s major metropolitan areas this year, at 2.9 per cent this year, thanks to broad-based gains across the economy.
Supported by strong performances from the goods sector of the economy, real GDP growth will reach 2.7 per cent in Winnipeg and 2.6 per cent in Québec City and in Hamilton this year.
Cooling housing markets will limit real GDP growth to a still solid 2.6 per cent in Vancouver, 2.4 per cent in Victoria, and 2.3 per cent in Toronto this year.
Economic growth will downshift to 2.5 per cent in Calgary this year and 2.3 per cent in Edmonton as oil transportation bottlenecks limit expansion in the energy sector.
Ottawa–Gatineau, Saskatoon, Halifax, and Regina will all see moderate economic growth of 2.0 per cent or less in 2018.