Provincial Outlook Executive Summary: Winter 2014
This quarterly economic forecast provides highlights of the Provincial Outlook report, which presents the short-term outlook for Canada's provinces.
- Some provinces will see their economic prospects improve over the near term, while others will see weaker economic growth.
- The solid growth in the U.S. economy and the retreat of the Canadian dollar will help lift the fortunes of manufacturers across the country, but the outlook for the resource sector remains mixed.
- Alberta will continue to lead in terms of real GDP growth in 2014, and economic prospects are brightening in Nova Scotia, Manitoba, and British Columbia.
- Ontario and Quebec will see a gradual pick-up in economic growth over the near term, but significant risks remain.