Resource-dependent communities are starting to rebound from the slump in commodity prices. In 2017 and 2018, medium and mid-sized cities in commodity-producing areas are coming back from the two-year downturn sparked by the big decline in natural resource prices.
Cities with populations of between 40,000 and 400,000 are critical engines for their regions and nobody covers their economies like The Conference Board of Canada. Join Alan Arcand to obtain the perspective you need about regional hubs from coast to coast.
Seven of the 23 cities covered by The Conference Board of Canada are expected to achieve average annual growth in real gross domestic product (GDP) of more than 2 per cent in 2017 and 2018. The Alberta centres of Medicine Hat, Lethbridge and Red Deer make up 3 of those 7. Also surpassing the 2 per cent growth mark on average are Ontario manufacturing centres, Windsor and Oshawa, along with Abbotsford-Mission and Sherbrooke. Another 9 cities are expected to post average real GDP growth of between 1.5 and 2 per cent over the next 2 years.
The outlooks for the following cities will be presented:
- Newfoundland and Labrador: St. John’s
- New Brunswick: Miramichi, Moncton, Saint John
- Quebec: Saguenay, Sherbrooke, Trois-Rivieres
- Southern Ontario: Kingston, Kitchener-Cambridge-Waterloo, London, Oshawa, St. Catharines-Niagara, Windsor
- Northern Ontario: Sault Ste. Marie, Greater Sudbury, Timmins, Thunder Bay
- Manitoba: Brandon
- Alberta: Lethbridge, Medicine Hat, Red Deer
- British Columbia: Abbotsford-Mission, Prince George