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: Winter 2011
Provincial Outlook Economic Forecast: Winter 2011
Provincial Economic Analysis
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- With personal income taxes heading higher, Quebec’s domestic economy will slow in 2011. The winding down of fiscal stimulus will restrain Ontario’s pace of expansion in the near term.
- A construction boom will continue to boost the Newfoundland and Labrador economy over the near term. The other Atlantic provinces are facing weak economic prospects.
- A much improved performance by the agriculture sector will lift economic growth in Manitoba and Saskatchewan next year.
- There is upside economic potential in British Columbia if the provincial government goes ahead with cuts to personal incomes taxes.
- Alberta’s economic prospects are bright. Investment in the energy sector will take off, with numerous oil sands projects planned.
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