Big Builds and Shifting Trade
Manitoba’s economy is in its development period, eyeing the future while weathering the near term. While external factors such as the federal cap on non-permanent residents, U.S. tariffs, and uncertainty surrounding the July 2026 CUSMA review will slow growth in 2026, capital investment in critical minerals projects, hydro transmission, an Arctic trade corridor, and downtown Winnipeg redevelopment will contribute to growth towards the end of the forecast.
Faced with an aging population and a tight labour market, what strategies is the province using to counter population declines and meet its healthcare and labour force needs? Which major capital projects are in the works and how will these projects bolster the province’s real GDP? How does the province expect to service its debt amid the need to ramp up health, seniors, and long-term care spending?
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