Major City Insights: Regina—October 2022

Name: Major City Insights: Regina—October 2022
SKU: 11849-0405-WEB
Price: 985.00 CAD
Availability: InStock

Canadian Economics

October 14, 2022

Metropolitan

8 min read

Author: The Conference Board of Canada

$985.00

While ongoing supply chain issues and other challenges sparked by the pandemic are still headaches, COVID-19 is no longer the biggest risk to the economies of most major cities across Canada. The main concern in the near term is the impact of stubbornly high inflation and rising interest rates. This edition of our Major City Insights provides new forecasts for growth in 13 major cities in Canada as of September 2, 2022. This publication focuses on the Regina metropolitan area.

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Document Highlights

A fall in Saskatchewan’s real GDP last year, caused mainly by drought, weighed down Regina’s economy as well. After dropping by 4.4 per cent in 2020, the city’s real GDP grew by a relatively muted 3.3 per cent in 2021.

But with an agricultural rebound under way, and favourable market conditions for the province’s other key commodities, there will be huge growth for the province and Regina in 2022.

An outpouring of new investment will also boost growth in Regina’s real GDP and help shield the city’s economy from some of the same factors limiting growth in the Canadian economy.

We expect Regina’s real GDP will grow by 6.1 per cent in 2022 and a further 3.3 per cent in 2023.