Recognizing the valuable role that Canada’s mid-sized cities play as regional hubs and economic engines in their respective areas, Mid-Sized Cities Outlook 2015 provides an important snapshot of these cities’ economic situation and performance over the past decade or so.
Mid-Sized Cities Outlook: Economic Insights Into Select Canadian Cities—2015
Mid-Sized Cities Outlook: Economic Insights Into Select Canadian Cities—2015
Urban City Economic Analysis
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- Real GDP growth in Rimouski will accelerate to 1.6 per cent in 2015, thanks to stronger activity in the overall services sector and in the construction industry.
- Timmins’ economy will expand by 2.4 per cent this year as exploration and new mining activity help to keep output in the primary and utilities and the manufacturing sectors on an upward trend.
- Sault Ste. Marie’s real GDP will grow by 1.4 per cent in 2015 as the goods sector posts its first gain since 2010.
- Gains in manufacturing, construction, and wholesale and retail trade will drive overall GDP growth of 2.3 per cent this year in Brandon.
- Strength in Lethbridge’s agriculture sector will allow the city’s primary and utilities sector to grow this year, bucking the trend of most other Alberta cities, supporting overall GDP growth of 1.1 per cent in 2015.
- The slump in oil prices will result in Red Deer’s economic output shrinking by 1.2 per cent this year.
- A weak performance by the goods sector and a contraction in finance, insurance, and real estate output will limit Medicine Hat’s GDP growth to just 0.5 per cent in 2015.
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