Metropolitan Outlook 1: Economic Insights into 25 Canadian Metropolitan Economies: Autumn 2004

This publication focuses on the metropolitan economies of Halifax, Quebec City, Montreal, Ottawa-Gatineau, Toronto, Winnipeg, Regina, Calgary, Edmonton, Vancouver, and Victoria.

Document Highlights

• Led by a recovery in the manufacturing sector, Halifax’s economy is forecast to grow by 3.3 per cent in 2004.
• Quebec City’s tourism sector is expected to recover from last year’s woes.
• Fuelled by a recovery in the United States, Montréal’s manufacturing sector is expected to rebound in 2004.
• Ottawa–Gatineau is enjoying solid economic growth, thanks to the continued expansion of the federal government.
• Toronto’s economy is on track to lead all other Canadian CMAs in real GDP growth this year.
• Stronger population growth in Winnipeg is expected to boost domestic demand.
• Thanks to a rebound in services sector output, Regina’s GDP is expected to increase by 4.6 per cent in 2004.
• A strong energy sector is expected to fuel output growth in Calgary’s services sector.
• Edmonton’s manufacturing sector is projected to recover, due to strong oil and gas production.
• Strong construction activity will allow total output in this sector to grow by a whopping 16.6 per cent in Vancouver this year.
• The services sector will rebound in Victoria this year, allowing real GDP to grow by 3.3 per cent.