This publication focuses on the metropolitan economies of Trois-Rivières, Sherbrooke, St. Catharines-Niagara, London, Sudbury, Thunder Bay, Saskatoon and Abbotsford.
Metropolitan Outlook 2B: Economic Insights into 27 Canadian Metropolitan Economies: Summer 2007
Metropolitan Outlook 2B: Economic Insights into 27 Canadian Metropolitan Economies: Summer 2007
Urban City Economic Analysis
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- Although it is expected to come in at a sound 2.7 per cent in 2007, economic growth in Trois-Rivières will be limited to a few sectors. Growth is forecast to decelerate to 2 per cent in 2008.
- Despite continued weakness in manufacturing, Sherbrooke’s overall real GDP will grow by 2.4 per cent in 2007 thanks to ongoing strength in the services sector.
- St. Catharines–Niagara’s economy will stay subdued this year, with a slight improvement in the services sector forecast to lift total real GDP growth to just 0.9 per cent in 2007.
- London’s economic growth will improve to 2.2 per cent this year, driven mostly by a rebound in the goods sector.
- Greater Sudbury is benefiting from the dramatic nickel price hikes that have spurred local mining, allowing overall economic output to rise by 2 per cent in 2007.
- Thunder Bay’s economy, which has been hit hard by weak forestry market conditions, will expand by only 0.5 per cent this year.
- Following a solid 4.3 per cent increase last year, real GDP growth in Abbotsford is expected to moderate to a still-healthy 3.5 per cent in 2007, led by continued strength in the services sector.
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