Provincial Five-Year Outlook—June 2025

Provincial Five-Year Outlook—June 2025

Provincial Economic Analysis
18 min read

Author: The Conference Board of Canada

$2,450.00

This quarterly forecast presents the short-term outlook for Canada’s provinces.

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Trade Frictions Undermine Growth Revival

This quarter, we assess the extent to which trade tensions are putting a damper on what the story of 2025 should have been—consumers and businesses in provinces across Canada finally feeling the relief of easing inflation and lower interest rates.

How much will weaker business and consumer confidence weigh on investment, hiring, and spending? Given changes to migration policies, which provinces will see their populations drop this year? We share our forecast for provincial economies over the next five years, including gross domestic product, jobs, inflation, population growth, and housing markets.

Read the online experience to get our full analysis.

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