Metropolitan Outlook 1: Economic Insights into 13 Canadian Metropolitan Economies: Autumn 2015

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Metropolitan Outlook 1: Economic Insights into 13 Canadian Metropolitan Economies: Autumn 2015

Urban City Economic Analysis

Author: Alan Arcand, Constantinos Bougas, Elise Martin, Jane McIntyre, Robin Wiebe

$2,970.00

  • Halifax’s economy is expected to grow by 2.3 per cent this year, fuelled by strength in manufacturing and construction.
  • Strength in manufacturing and the personal services sector will help GDP grow by 1.8 per cent in Québec City in 2015.
  • GDP growth in Montréal will reach 2.1 per cent in 2015, thanks to the ongoing recovery in manufacturing and steady services growth.
  • Ottawa–Gatineau’s GDP will grow by 0.7 per cent in 2015 as non-residential construction and high-tech services offset public sector weakness.
  • Decent gains in construction and services-producing industries will help Toronto’s economy expand by 2.6 per cent this year.
  • Non-residential construction, manufacturing, and personal services will support GDP growth of 1.5 per cent in Hamilton in 2015.
  • Winnipeg’s GDP will grow 2.6 per cent in 2015 as services growth stays healthy and non-residential construction picks up.
  • Prompted by the drop in oil prices, economic growth in Regina will slow to 1.6 per cent this year.
  • Saskatoon’s GDP growth will be limited to 1.7 per cent this year because of low prices for oil and other resources.
  • The oil price slump has hit Calgary’s economy hard this year, with GDP set to drop by 0.5 per cent.
  • Edmonton’s economy will contract by 0.1 per cent in 2015 as a result of the drop in oil prices.
  • Strength in manufacturing, construction, and the services sector will support GDP growth of 3.4 per cent in Vancouver in 2015.
  • Victoria’s GDP will rise 1.4 per cent in 2015 as manufacturing and services output improve.
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This publication focuses on the metropolitan economies of Halifax, Quebec City, Montreal, Ottawa-Gatineau, Toronto, Hamilton, Winnipeg, Regina, Saskatoon, Calgary, Edmonton, Vancouver, and Victoria.

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