This quarterly economic forecast provides highlights of the Provincial Outlook report, which presents the short-term outlook for Canada’s provinces.
Provincial Outlook Winter Update: 2013
Provincial Outlook Winter Update: 2013
Provincial Economic Analysis
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- While the outlook for Western Canada remains positive, oil pipeline bottlenecks could hamper future development plans in Alberta’s energy sector.
- The economic forecast calls for solid growth in Saskatchewan, where new potash contracts have been signed with China and India.
- Broad-based gains are forecast in Manitoba and British Columbia.
- Weakening housing demand will dampen real GDP growth in Central Canada this year.
- Economic growth is expected to improve in Atlantic Canada. In recent years, weak demand for labour has battered the region, with one exception: Newfoundland and Labrador continues to benefit from the development of large capital projects.
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