This publication focuses on the metropolitan economies of Halifax, Quebec City, Montreal, Ottawa-Gatineau, Toronto, Hamilton, Winnipeg, Regina, Saskatoon, Calgary, Edmonton, Vancouver, and Victoria.
Metropolitan Outlook 1: Economic Insights into 13 Canadian Metropolitan Economies: Autumn 2009
Metropolitan Outlook 1: Economic Insights into 13 Canadian Metropolitan Economies: Autumn 2009
Urban City Economic Analysis
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- Real GDP in Halifax will grow by 1.4 per cent in 2009—a strong result given the deep global recession.
- Québec City’s economy will edge up by 0.1 per cent this year as construction offsets weakness in other sectors.
- Montréal’s real GDP will contract by 1 per cent in 2009, sideswiped by the global economic downturn.
- The federal government’s presence won’t prevent a 0.5 per cent contraction in Ottawa–Gatineau’s GDP in 2009.
- Toronto’s economy will shrink by 2.7 per cent this year, pulled down by the effects of the global recession.
- Weak manufacturing, construction, and retail sales will lead to a 4.1 per cent drop in Hamilton’s GDP in 2009.
- Slumping manufacturing output will limit Winnipeg’s economic growth to 0.8 per cent in 2009.
- Regina’s real GDP will slip 0.1 per cent this year, as weaker consumer confidence dents household spending.
- Following two years of country-leading growth, Saskatoon’s economy is set to contract by 0.3 per cent in 2009.
- Calgary’s economy will post its worst performance on record in 2009, with real GDP falling by 2.1 per cent.
- Edmonton’s real GDP will slip 1.9 per cent, pulled down by weak manufacturing, construction, and retail sales.
- Widespread economic weakness will drag down Vancouver’s economy by 2.6 per cent this year.
- Public sector strength will not be enough to prevent a 1 per cent contraction in Victoria’s economy in 2009.
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