This publication focuses on the metropolitan economies of St. John’s, Saint John, Saguenay, Oshawa, Kingston, Kitchener, and Windsor.
Metropolitan Outlook 2A: Economic Insights into 27 Canadian Metropolitan Economies: Autumn 2005
Metropolitan Outlook 2A: Economic Insights into 27 Canadian Metropolitan Economies: Autumn 2005
Urban City Economic Analysis
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- Real GDP growth in St. John’s is forecast to decelerate to a modest 0.5 per cent in 2005, held back in part by weakness in the construction and the finance, insurance and real estate sectors.
- Following two years in which GDP growth stagnated, Saint John’s economy has bounced back in 2005.
- Widespread weakness has led the Conference Board to revise its 2005 real GDP growth forecast for the Saguenay economy to a 6 per cent decline from a 0.3 per cent gain published last spring.
- Following a difficult 2004, when real GDP declined for the first time in eight years, Oshawa’s economy is back on its feet this year.
- Following a one-year pause, Kitchener’s economy is on its way to expand by a stunning 7 per cent in 2005.
- Although manufacturing activity is improving nicely this year, the Windsor economy is expected to remain subdued for the third consecutive year in 2005.
- Kingston is on track to post a very healthy economic growth rate in 2005, with the manufacturing and service-producing industries leading the charge.
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