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 2014
Metropolitan Outlook 1: Economic Insights into 13 Canadian Metropolitan Economies: Autumn 2014
Urban City Economic Analysis
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- Halifax’s economy will grow by 2.7 per cent in 2014, propelled by higher levels of offshore natural gas production.
- Recoveries in manufacturing and public administration will help GDP growth improve to 1.8 per cent in Québec City this year.
- Montréal’s economy will grow by 1.8 per cent this year as a recovery in manufacturing offsets weakness in construction.
- Ottawa–Gatineau’s GDP will edge up 0.7 per cent in 2014 as non-residential construction and high-tech services offset public sector weakness.
- Toronto’s GDP will grow by 2.3 per cent in 2014, as a rebound in manufacturing and in transportation and warehousing is partly offset by lower construction activity.
- A turnaround in manufacturing and public administration will help lift Hamilton’s GDP by 1.3 per cent in 2014.
- Gains in manufacturing and in transportation and warehousing will support GDP growth of 2.2 per cent in Winnipeg in 2014.
- Regina’s GDP will grow by 3.8 per cent in 2014, pulled up by strength in manufacturing and in transportation and warehousing.
- Led by strong manufacturing, widespread strength in Saskatoon’s economy will lead to GDP growth of 4.2 per cent this year.
- Strength in manufacturing, construction, and primary and utilities output will offset slower services growth to lift Calgary’s GDP by 4 per cent in 2014.
- Edmonton’s economy is forecast to grow by a nation-leading 4.9 per cent this year, thanks to a hot goods sector.
- Rebounds in manufacturing and in primary and utilities output will support economic growth of 3.2 per cent in Vancouver this year.
- Contractions in public administration and construction output will limit Victoria’s overall economic growth to 0.9 per cent this year.
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