This publication focuses on the metropolitan economies of Halifax, Quebec City, Montreal, Ottawa-Gatineau, Toronto, Hamilton, Winnipeg, Regina, Saskatoon, Calgary, Edmonton, Vancouver, and Victoria.
Metropolitan Outlook 1: Economic Insights into 13 Canadian Metropolitan Economies: Winter 2009
Metropolitan Outlook 1: Economic Insights into 13 Canadian Metropolitan Economies: Winter 2009
Urban City Economic Analysis
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- The global economic slowdown will limit Halifax’s GDP growth to 1.7 per cent this year.
- Most sectors of Québec City’s economy are slowing, leading to forecast economic growth of 1.7 per cent in 2009.
- Ongoing weakness in manufacturing will drag down Montréal’s economy to 1.1 per cent growth this year.
- Weak construction and manufacturing will limit economic growth in Ottawa–Gatineau to 1.2 per cent this year.
- Toronto’s economic struggles will continue in 2009, with real GDP growth forecast to come in at 0.8 per cent.
- Hamilton’s economy will grow by just 0.1 per cent in 2009, pulled down by slumping manufacturing output.
- Transportation equipment manufacturing will help drive GDP growth of 2.5 per cent in Winnipeg this year.
- Robust construction growth will spearhead overall GDP growth of 3.2 per cent in Regina in 2009.
- Saskatoon’s economy will lead all major CMA economies again this year with a 3.3 per cent advance.
- Stronger construction will offset slower services activity in Calgary in 2009, for a 2.4 per cent GDP gain.
- Edmonton’s economy will weather the current storm, with GDP growth of 2.4 per cent expected in 2009.
- Construction for the 2010 Olympics will help Vancouver’s economy expand by 2.4 per cent this year.
- Weakness in Victoria’s services sector will limit GDP growth to 1.8 per cent in 2009.
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