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 2019 provides a snapshot of these cities’ economic situation and performance over the past decade, as well as a near-term economic growth forecast for seven select cities.
Document Highlights
Sault Ste. Marie’s real GDP will grow by 0.9 per cent in 2019, as strength in business services, personal services (which includes accommodation and food services), and wholesale and retail trade offsets further contractions in manufacturing and in transportation and warehousing.
Brandon’s economy will expand by 1.5 per cent in 2019, supported by strength in non-residential construction, transportation and warehousing, and business services.
Strong performances by Moose Jaw’s goods-producing industries will help drive real GDP gains of 1.7 per cent this year.
Lethbridge’s real GDP will expand by 2.6 per cent this year as growth in manufacturing, construction, and the primary and utilities sector slows but stays healthy.
Strength in Red Deer’s manufacturing and construction will help to offset weakness in the oil and gas industry, resulting in overall GDP growth of 1.7 per cent this year.
Chilliwack’s economy will expand by 2.2 per cent in 2019, with its largest industry—the primary and utilities sector—also being its top performer.
Ongoing strength in construction, together with healthy performances in the finance, insurance, and real estate industry and in business services, will lead to overall GDP growth of 1.5 per cent in Prince George this year.
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