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Provincial Outlook Executive Summary: Autumn 2017 The Conference Board of Canada, November 22, 2017 Executive Summary by Marie-Christine Bernard

Provincial Outlook Executive Summary: Autumn 2017

The Conference Board of Canada, November 22, 2017
Executive Summary by Marie-Christine Bernard

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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 While key economic indicators remain positive as we approach the New Year, the Canadian economy is not expected to continue to grow at the same strong pace. British Columbia will outpace all other provinces next year with real GDP growth of 2.7 per cent. With oil prices steadily improving since the summer, Alberta’s economic performance could well surprise on the upside. The strong economic momentum in Central Canada is expected to lose speed quickly as consumers shift gears and spend less. Manitoba’s economic performance will be much weaker over the near term. The countdown is on for new oil production in Newfoundland and Labrador—the only province that will see an acceleration in economic growth next year. Table of Contents EXECUTIVE SUMMARY A Slowdown in Growth Coming but Not in Newfoundland and Labrador National Overview Provincial Overview U.S. Outlook Monetary Policy Fiscal Outlook Newfoundland and Labrador Prince Edward Island Nova Scotia New Brunswick Quebec Ontario Manitoba Saskatchewan Alberta British Columbia Appendix A–Forecast Tables

This quarterly economic forecast provides highlights of the Provincial Outlook report, which presents the short-term outlook for Canada's provinces.

Document Highlights

While key economic indicators remain positive as we approach the New Year, the Canadian economy is not expected to continue to grow at the same strong pace.
British Columbia will outpace all other provinces next year with real GDP growth of 2.7 per cent.
With oil prices steadily improving since the summer, Alberta’s economic performance could well surprise on the upside.
The strong economic momentum in Central Canada is expected to lose speed quickly as consumers shift gears and spend less.
Manitoba’s economic performance will be much weaker over the near term.
The countdown is on for new oil production in Newfoundland and Labrador—the only province that will see an acceleration in economic growth next year.

EXECUTIVE SUMMARY

A Slowdown in Growth Coming but Not in Newfoundland and Labrador
National Overview
Provincial Overview
U.S. Outlook
Monetary Policy
Fiscal Outlook
Newfoundland and Labrador
Prince Edward Island
Nova Scotia
New Brunswick
Quebec
Ontario
Manitoba
Saskatchewan
Alberta
British Columbia

Appendix A–Forecast Tables

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