Farmers Lend Support During Slowdown: Manitoba’s Three-Year Outlook

This quarter, we look at the effects of rapid inflation and rising interest rates, the labour market, and Manitoba’s improving growing conditions and elevated commodity prices.

We expect inflation to fall, but will it reach the Bank of Canada’s target range? The labour market was hot in 2022, but will the pace dwindle in 2023 as employment growth slows and the unemployment rate goes ups? How much will improved growing conditions and the increase in commodity prices contribute to agricultural GDP?

Read the issue briefing to get our full analysis.