Provincial Economies Shift Gears; Looking to Recover Lost Potential: Provincial Outlook

The Conference Board of Canada, 20 pages, November 18, 2021
Impact Paper
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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

  • Economic recoveries in the provinces are entering a new phase as they re-establish pre-pandemic benchmarks and begin to close their remaining output gaps.
  • Shifts are reflected in government policies as they switch from broad-based income supports and business restrictions to vaccine mandates and targeted approaches.
  • Built-up savings will aid consumer spending plans—particularly in services—in 2022, which, supported by strong commodity prices, will help drive a return to business investment growth. Although demand will be there, strained supply chains and resurgent inflation will hold back progress somewhat.

Table of Contents

Key findings
Overview
Newfoundland and Labrador
Prince Edward Island
Nova Scotia
New Brunswick
Quebec
Ontario
Manitoba
Saskatchewan
Alberta
British Columbia
Appendix A—Methodology

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