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: Winter 2008
Metropolitan Outlook 2: Economic Insights into 27 Canadian Metropolitan Economies: Winter 2008
Urban City Economic Analysis
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- Real GDP will rise by only 1.9 per cent in St. John’s this year, now that offshore oil production has peaked.
- Falling construction output will limit Saint John’s overall economic growth to 1.6 per cent in 2008.
- Saguenay’s economic growth will accelerate to 2 per cent in 2008 as a result of major construction projects.
- Public infrastructure spending will help real GDP in Trois-Rivières expand by 2.6 per cent in 2008.
- Weakness in manufacturing will hold back growth in Sherbrooke’s economy to 2 per cent this year.
- Kingston’s GDP growth will slow to 2.1 per cent in 2008 as services sector activity decelerates.
- Manufacturing restructuring will keep Oshawa’s economic growth below its potential, at 2.6 per cent in 2008.
- St. Catharines–Niagara’s GDP will grow by just 1.5 per cent this year, as manufacturing continues to struggle.
- Kitchener’s GDP growth will edge up to 2.7 per cent in 2008 as manufacturing picks up.
- London’s total output growth will improve to 2.4 per cent in 2008, thanks to stronger goods sector activity.
- Windsor’s struggling manufacturing and tourism industries will limit GDP growth to 0.9 per cent in 2008.
- Strong world nickel prices will help Sudbury’s economy grow by 1.9 per cent this year.
- Easing manufacturing losses will allow Thunder Bay to post positive economic growth of 0.7 per cent in 2008.
- Abbotsford’s GDP will grow by 3.3 per cent in 2008 thanks to a bounce back in manufacturing.
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