Provincial Outlook Long-Term Economic Forecast: 2001

This annual executive summary provides highlights of the Provincial Outlook report which presents the long-term outlook for Canada’s provinces.

Document Highlights 

• Canada’s economy is expected to experience average growth of 2.8 per cent over the 2000-20 period
• The largest provinces will generally see stronger growth, while considerable hurdles will impede growth in the smaller provinces
• At 3.2 per cent, growth will be strongest in Ontario, as business investment and employment opportunities remain healthy
• Robust investment in the energy sector will propel the Alberta economy forward by 3.1 per cent, well ahead of the other western provinces
• The Quebec economy will be constrained by slow population growth as real GDP expands by 2.6 per cent over the long term
• Atlantic Canada will see average long-term growth limited to 2 per cent by weak demographic conditions