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 2017 provides a snapshot of these cities’ economic situation and performance over the past decade, as well as a near-term economic growth forecast for eight select cities.
Mid-Sized Cities Outlook: Economic Insights Into Select Canadian Cities—2017
Mid-Sized Cities Outlook: Economic Insights Into Select Canadian Cities—2017
Urban City Economic Analysis
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- Miramichi’s real GDP will advance by 0.6 per cent in 2017, continuing a modest recovery that began in 2015, thanks to output gains in public administration and wholesale and retail trade.
- With the construction sector set to expand again this year and decent growth in wholesale and retail trade and in finance, insurance, and real estate, Sault Ste. Marie’s overall economy will grow by 0.6 per cent in 2017.
- Timmins’ economy will continue to expand, with real GDP growing by 1.4 per cent in 2017, as both the manufacturing sector and the primary and utilities sector rise at a healthy pace.
- Strength in manufacturing and construction, with support from services industries such as non-commercial services and finance, insurance, and real estate, will result in real GDP growth of 1.8 per cent in Brandon in 2017.
- Medicine Hat’s economy will rebound by 2.7 per cent in 2017, led by the recovery in the oil and gas industry.
- Lethbridge will continue to enjoy steady growth, with GDP rising by 2.4 per cent in 2017, thanks to its broad-based economy.
- The recovery in the oil and gas industry will spur a 2.0 per cent recovery in Red Deer’s real GDP growth in 2017.
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