Metropolitan Outlook 1: Economic Insights into 27 Canadian Metropolitan Economies: Spring 2008

Canadian Economics

March 31, 2008

Urban City Economic Analysis

Author: Alan Arcand, Greg Sutherland, Jane McIntyre, Mario Lefebvre, Maxim Armstrong, Robin Wiebe

$2,400.00

Renewed vigour in the construction sector will help Halifax’s economy grow by 2.6 per cent in 2008.
Québec City’s GDP growth will ease to 2.6 per cent this year, before bouncing back to 3.2 per cent in 2009.
The booming aerospace industry will help lift Montréal’s economic growth to 2.4 per cent in 2008.
Stronger public administration output will help Ottawa–Gatineau’s economy expand by 2.6 per cent in 2008.
Weakness in manufacturing will limit Toronto’s economic growth to 2.5 per cent again this year.
Hamilton’s economy will grow by just 1.8 per cent in 2008, as manufacturing continues to struggle.
Ongoing strength in construction and manufacturing will help propel Winnipeg’s GDP by 3.4 per cent this year.
Regina’s economy will expand by 3.5 per cent in 2008, thanks to strong resource and agricultural markets.
Economic growth of 3.5 per cent in Saskatoon this year will lead to a 2.5 per cent increase in employment.
Coming off a solid performance last year, GDP growth in Calgary will accelerate to 3.9 per cent in 2008.
With manufacturing picking up this year, Edmonton’s overall economy will expand by 3.6 per cent.
Vancouver’s economy will grow by 3.1 per cent in 2008, as construction activity stays strong.
Healthy consumer spending and construction activity in Victoria will help GDP grow by 3 per cent this year.

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This publication focuses on the metropolitan economies of Halifax, Quebec City, Montreal, Ottawa-Gatineau, Toronto, Hamilton, Winnipeg, Regina, Saskatoon, Calgary, Edmonton, Vancouver, and Victoria.