For the first time in four years, Newfoundland and Labrador will see real output rise. But any optimism needs to be tempered—gains will be modest over the medium term. The main culprit? The province’s changing demographics. The aging population is expected to impact everything from the labour market to consumer spending to housing starts.
How will the completion of the Terra Nova platform and the growing demand for oil and gas affect the economy? Which sector will see the largest job growth? After years of setbacks, will the mining sector finally rebound this year?
To get the full analysis, read the issue briefing.
Key findings
Newfoundland and Labrador snapshot
Overview
Labour markets, income, and consumption
Key industries
Business investment
Housing
Exports
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