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: Spring 2007
Metropolitan Outlook 1: Economic Insights into 27 Canadian Metropolitan Economies: Spring 2007
Urban City Economic Analysis
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- Healthy services sector activity will lead to economic growth of 2.9 per cent in Halifax in 2007.
- Québec City’s real GDP growth will dip to 2.2 per cent in 2007 as residential construction keeps declining.
- The recovering manufacturing sector will help Montréal’s economic growth accelerate to 2.6 per cent in 2007.
- Ottawa–Gatineau’s real GDP growth will moderate to 2.2 per cent in 2007—still outpacing Ontario as a whole.
- Toronto’s economy will grow by 2.5 per cent in 2007 before finally getting back on a fast growth track by 2008.
- Real GDP growth in Hamilton will reach 1.5 per cent in 2007, limited once again by weakness in manufacturing.
- A decline in housing starts will lead to an easing in economic growth to 2.6 per cent this year in Winnipeg.
- Regina’s economic growth will decelerate to 1.9 per cent in 2007 as output in the goods sector moderates.
- Easing services sector and manufacturing growth will slow Saskatoon’s GDP growth to a still healthy 2.9 per cent.
- Calgary’s economic growth is poised to ease to a still solid and nation-leading 4.2 per cent in 2007.
- More moderate services sector gains will slow Edmonton’s GDP growth to a still robust 3.7 per cent this year.
- Vancouver’s economic growth will ease to 2.9 per cent in 2007, given slower services output growth.
- Although real GDP growth will slow to 2.8 per cent in Victoria this year, employment will rise by 2.7 per cent.
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