Provincial Forecast
Get the latest Canadian economic forecasts to fully understand Canada’s provincial economic stance.
Provincial 5-Year Outlook
Canadian Economics December 9, 2025
Provincial economies have shown notable resilience this year. Labour markets have stabilized after early-year volatility, with employment gains concentrated in the Prairies and in Newfoundland and Labrador. Despite ongoing trade disruptions with the United States and China, consumer spending has held up, behind good income growth and high savings from past years.
Online experience • 8-min read
Index of Consumer Spending for September 2025
Canadian Economics December 4, 2025
Headline consumer price growth accelerated to 2.4 per cent in September, up from 1.9 per cent in August. Contributors to this acceleration include a slower decline in travel tours and stronger growth in grocery prices. The most significant driver for the accelerated growth was a smaller decline in gasoline prices year-over-year (4.1 per cent in September compared to 12.7 per cent in August).
Online experience • 8-min read
Canada’s Five-year Travel Market Outlook: Resilience at Home, Renewal Abroad
Canadian Economics December 3, 2025
Canadian travel and tourism patterns have shifted quickly amid the political and economic turmoil between Canada and the United States. Fewer Canadians are travelling across the Canada–U.S. border, opting for overseas and domestic destinations instead. Travel intentions surveys suggest this shift will persist for at least the next two to three years.
Online experience • 8-min read
Canadian Hiring Index for November 2025
Canadian Economics November 25, 2025
The labour market rebounded more strongly than expected in October, adding 67,000 jobs (+0.3 per cent) and marking a second consecutive monthly gain. Together, September and October’s increases (+127,000) fully offset the losses recorded over the summer.
Online experience • 8-min read
Index of Consumer Confidence for November 2025
Canadian Economics November 25, 2025
The long-awaited budget prioritizes shielding the economy in the face of trade uncertainties. The federal government’s 2025 budget shifts focus from human capital and social programs spending to capital investment, betting that the economy’s resilience depends more on infrastructure, private investments, and business incentives.
Online experience • 8-min read
Canadian 5-Year Outlook
Canadian Economics November 19, 2025
The Canadian economy is feeling the strain of a turbulent 2025. In the second quarter, real GDP shrank at an annualized rate of 1.6 per cent, marking the sharpest quarterly decline since 2016, excluding the pandemic.
Online experience • 8-min read
Innovation Trends Reports
Innovation & Technology September 4, 2025
Explore how innovation is taking shape across Canada’s provinces and regions. This two-part series includes provincial dashboards and quarterly regional deep dives, offering insights into the strengths, gaps, and emerging trends in innovation ecosystems.
Online experience • 1-min read
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Canada’s Outlook to 2045: Tempered by Transitions
Canadian Economics August 11, 2025
Although current trade conflicts present pressing near-term concerns, Canada’s economy will navigate a barrage of structural transitions over the next two decades. Demographic changes will touch nearly every part of the economy, fostering important shifts in the labour force, consumer spending patterns, housing demand, and the country’s trade balance.
Online experience • 8-min read
Provincial Fiscal Outlook
Canadian Economics July 29, 2025
Provincial governments across Canada are facing fiscal challenges. Most are struggling to balance their books amid spending pressures, as pandemic-related interest costs linger, and a rising number of seniors is increasing demand for healthcare. Housing affordability, while improving, also remains a spending priority for many governments.
Online experience • 8-min read
Provincial Outlook to 2045
Canadian Economics April 8, 2025
The long-term economic growth potential of Canada’s provinces is guided by the availability and productivity of labour and capital. These factors form the foundation of long-term economic performance, which is further shaped by trade dynamics. Canada’s small, open economy means international and interprovincial trade of goods and services plays an important role in driving economic growth.
Online experience • 8-min read
Positive Job Print Ends Rollercoaster Week
Canadian Economics February 7, 2025
The economy continues to churn out jobs, a welcome signal of resilience and recovery. A third consecutive monthly employment increase and weaker labour force growth together helped to reduce the unemployment rate, a trend we expect to continue given the weaker outlook for population growth.
Quick take • 2-min read
December Delivers: Risks Loom, but Jobs Stay Strong
Canadian Economics January 10, 2025
Today’s Labour Force Survey (LFS) results for December complete a year in which Canada’s labour slackened amid weakening labour demand and strong labour force gains underpinned by surging international migration. Over 2024, the unemployment rate rose from 5.7 per cent in January to 6.7 per cent in December.
Quick take • 2-min read
Unemployment Rate Rises as Job Seekers Left Out in the Cold
Canadian Economics December 6, 2024
In 2024, Canada’s labour market continued to cool as employment struggled to keep with pace with robust labour force gains. The unemployment rate is on track to average 6.3 per cent in 2024, above the averages of 5.3 and 5.4 per cent recorded in 2022 and 2023, respectively.
Quick take • 3-min read
Meet Our Expert
Pedro Antunes, Chief Economist
Pedro Antunes is the Chief Economist and primary spokesperson at The Conference Board of Canada. He provides insights and general direction for CBoC’s economic products, including reports and economic indicators that relate to Canada and its regions and sectors.
Jaded in July: Labour Force Contracts and Jobs Flatline
Canadian Economics August 9, 2024
In July, employment in Canada was little changed on the previous month, marking a third consecutive month of stagnant job growth. The size of the labour force fell by 11,000, the first contraction since June 2022. This decline was fuelled by lower labour force participation among young men and women. Meanwhile, the unemployment rate remained unchanged at 6.4 per cent.
Quick take • 3-min read
Summer Sunshine Fails to Reach the Labour Market in May
Canadian Economics June 7, 2024
The economy has now added a monthly average of 39,000 jobs over the first five months of the year, a respectable pace given the headwinds caused by high interest rates. However, these gains pale in comparison to the growth of Canada’s working age population, which this year has grown at a searing pace of over 100,000 per month, or, in annualized terms, 3.7 per cent.
Quick take • 2-min read
Stuck in a Holding Pattern? Travel Markets Outlook
Canadian Economics October 3, 2024
For an industry that’s desperately seeking a return to normal, the year ahead will remain atypical. Canada’s tourism operators continue to face off against the incomplete recovery of international visitors and a domestic market that is financially constrained.
Online experience • 8-min read
April Showers Didn’t Dampen the Labour Market
Canadian Economics May 10, 2024
In a weaker business environment, hiring across the economy has slowed. April was an exception to generally softer labour demand, but the fundamentals so far in 2024 remain on the weaker side. Rising labour supply and falling demand is reducing tightness in the labour market. Lower competition for workers is gradually weighing on wage growth, which we expect to decelerate further over the coming months.
Quick take • 3-min read
Chill Lingers in the Labour Market as Winter Recedes
Canadian Economics April 5, 2024
Little excitement as torpor prevails in Canada’s labour market. In the face of high interest rates, firms are navigating lower demand for goods and services. Hiring in the economy has slowed and weaker labour demand is translating into subdued employment growth.
Quick take • 3-min read
Launching Canada’s Space Sector: Economic Impact of Spaceport Nova Scotia
Canadian Economics May 16, 2023
Canada’s first commercial spaceport—Spaceport Nova Scotia, a world-class facility to place satellites into polar and sun-synchronous orbits—is on track to be sited in Nova Scotia. It will be the first commercial launch complex in Canada. The satellites placed from here will lead the world in environmental monitoring, earth observation, imaging, broadband, and telecommunications.
Data briefing • 19-min read
