Crown Capital and a Stalled Population
Manitoba’s real GDP growth is set to slow to 1.2 per cent in 2026 as U.S. tariffs and a shrinking population weigh on activity. With demographic headwinds softening the outlook, public capital spending will be the main source of growth for Manitoba over the forecast.
What measures are contemplated to counteract Manitoba’s lagging population growth, and can they provide relief and recovery within the forecast period? What segments of the province’s economy will suffer most from the breakdown in Canada–U.S. trade negotiations? What is in the cards for the labour market and business investment, and can the province balance its budget by fiscal 2027–28 as planned?
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