Metropolitan Outlook 2B: Insights into 25 Canadian Metropolitan Economies: Summer 2004

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

Document Highlights

• A slow start in the first quarter of 2004 will limit growth in Trois-Rivières this year.
• A faltering goods sector in Sherbrooke will cause real GDP growth to decelerate to 1.7 per cent in 2004.
• Overall output in St. Catharines is forecast to come in at 2.1 per cent in 2004, driven entirely by gains in the services sector.
• Real GDP growth in London is expected to decelerate to a still respectable 2.9 per cent in 2004.
• Thanks to strong commodity prices, Sudbury’s output growth is forecast to reach 3.7 per cent in 2004.
• Negative employment growth this year is expected to limit economic activity in Thunder Bay.
• A rebound in Saskatoon’s goods sector this year will offset a slowdown in services activity.