This publication focuses on the metropolitan economies of St. John’s, Saint John, Saguenay, Trois-Rivières, Sherbrooke, Kingston, Oshawa, St. Catharines–Niagara, Kitchener, London, Windsor, Greater Sudbury, Thunder Bay, and Abbotsford.
Metropolitan Outlook 2: Economic Insights into 27 Canadian Metropolitan Economies: Summer 2008
Metropolitan Outlook 2: Economic Insights into 27 Canadian Metropolitan Economies: Summer 2008
Urban City Economic Analysis
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- St. John’s will squeak out economic growth of 0.7 per cent in 2008, dragged down by lower offshore oil production.
- GDP growth in Saint John will ease to 2.3 per cent this year on weaker construction and wholesale and retail trade.
- Demand for aluminum will help lift Saguenay’s economic growth to a modest 1.2 per cent in 2008.
- Non-residential construction will support real GDP growth of 2.3 per cent in Trois-Rivières this year.
- The slump in manufacturing will limit Sherbrooke’s economic growth to 1.8 per cent in 2008.
- Economic growth in Kingston will slow to 1.7 per cent in 2008, as manufacturing continues to drag down growth.
- Oshawa’s real GDP will grow by 1.9 per cent in 2008, held back by troubles in the auto industry.
- Weak manufacturing output will pull down economic growth in St. Catharines–Niagara to 0.8 per cent this year.
- Kitchener’s economic growth will slow to 1.2 per cent in 2008 because of falling manufacturing output.
- The ongoing downturn in manufacturing will drag London’s economic growth down further, to 1.3 per cent.
- Struggling tourism and auto industries will lead to a 0.3 per cent contraction in Windsor’s GDP in 2008.
- Buoyant nickel prices will help Sudbury’s economy grow by 1.8 per cent in 2008.
- Thunder Bay’s economic output will advance only 0.5 per cent this year, limiting job gains.
- Weaker wood product manufacturing will limit Abbotsford’s GDP growth to 2.5 per cent in 2008.
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