This quarterly economic forecast provides highlights of the Provincial Outlook report, which presents the short-term outlook for Canada’s provinces.
Provincial Outlook Economic Forecast: Summer 2012
Provincial Outlook Economic Forecast: Summer 2012
Provincial Economic Analysis
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- The provincial outlook is less healthy looking as easing growth in the global economy dampens near-term economic prospects.
- The pullback in oil prices and the large oil price discount that is burdening Canadian petroleum producers could lower capital spending plans going forward, hampering real GDP in Alberta.
- Despite negative headwinds in the global economy and fiscal cut-backs at the provincial and federal level, the regional outlook for now remains largely positive for most provinces.
- A growing interest in developing the resource sector in many areas of Canada will provide a solid foundation for job creation and income prospects over the forecast period.
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