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 27 Canadian Metropolitan Economies: Autumn 2005
Metropolitan Outlook 1: Economic Insights into 27 Canadian Metropolitan Economies: Autumn 2005
Urban City Economic Analysis
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- A struggling goods sector will limit real economic growth in Halifax to 1.1 per cent in 2005.
- Sound job gains in 2004 mean consumer spending is propelling GDP growth in Quebec City to 4 per cent this year.
- There’s a feeling of déjà vu in Montréal, with real GDP set to grow by under 2 per cent for the third straight year.
- The federal government sector will keep economic growth at bay in Ottawa this year.
- Hurt by the strong loonie, manufacturing will limit real GDP growth in Toronto to 2.2 per cent in 2005.
- After two years of solid growth, Hamilton’s economy has cooled in 2005.
- Sound gains in the services sector will allow Winnipeg’s real GDP to rise by 2.7 per cent this year.
- The forecast 2 per cent increase in Regina’s real GDP in 2005 is quite a feat after the 6.6 per cent gain in 2004.
- Saskatoon’s economy is set to grow faster this year than all the 20 CMAs in this Metropolitan Outlook.
- Solid construction and services sector growth will propel Calgary’s real GDP growth to 4.6 per cent this year.
- Edmonton’s weak labour market in the first half of the year is limiting overall economic growth to 2 per cent.
- The primary and manufacturing sectors will lift Vancouver’s real GDP growth to 3.3 per cent this year.
- After a 6.1 per cent gain last year, Victoria’s economic growth will moderate to a respectable 2.6 per cent in 2005.
