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 2015
Provincial Outlook Economic Forecast: Winter 2015
Provincial Economic Analysis
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- The plunge in oil prices has changed the economic outlook greatly among the provinces.
- Alberta and Newfoundland and Labrador will see their economies contract this year as capital expenditures in the oil-rich provinces take a big hit.
- Saskatchewan’s economy is also being hit hard by the slump in oil prices and will barely grow over the near term.
- A falling loonie and solid growth south of the border will be a bonanza for Ontario and other manufacturing-dependent provinces.
- Rising public debt and continued fiscal deficits will remain a challenge for most provinces.
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