Metropolitan Outlook 2B: Economic Insights into 25 Canadian Metropolitan Economies: Winter 2005

This publication focuses on the metropolitan economies of Trois-Rivières, Sherbrooke, St. Catharines-Niagara, London, Sudbury, Thunder Bay, and Saskatoon.

Document Highlights

• The expected recovery in the non-residential construction sector will allow the Trois-Rivières economy to bounce back in 2005 from a mediocre performance in 2004.
• A rebound in Sherbrooke’s manufacturing sector is expected to lift real GDP growth to 2.9 per cent in 2005.
• After shrinking in 2004, St. Catharines–Niagara’s economy is forecast to bounce back and post a relatively healthy gain of 3.4 per cent in 2005.
• Real GDP growth in London is expected to accelerate to 3.2 per cent in 2005, thanks to stronger manufacturing activity.
• Continued gains in the key mining sector are expected to buoy Sudbury’s economy in 2005.
• Thunder Bay’s economy is expected to rebound in 2005, following a big setback in 2004.
• With an anticipated recovery in the services sector and continued gains in the manufacturing sector, economic activity in Saskatoon is expected to accelerate in 2005.