Provincial Outlook Executive Summary: Winter 2016

The Conference Board of Canada, 17 pages, March 8, 2016
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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

  • Only four provinces are expected to see their economy grow by more than 2 per cent this year—British Columbia, Ontario, Manitoba, and Nova Scotia.
  • The slump in mineral and oil prices will continue to weigh on economic prospects of resource-dependent provinces.
  • Alberta is facing another recession this year as cuts in energy investment and job losses hit the economy hard.
  • Saskatchewan, battered by falling oil prices that sent the province’s economy into recession last year, is facing modest economic growth this year.
  • Quebec’s economy is unlikely to expand by more than 2 per cent, as the aging of the population constrains labour force growth.

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