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 2015
Metropolitan Outlook 1: Economic Insights into 13 Canadian Metropolitan Economies: Autumn 2015
Urban City Economic Analysis
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- Halifax’s economy is expected to grow by 2.3 per cent this year, fuelled by strength in manufacturing and construction.
- Strength in manufacturing and the personal services sector will help GDP grow by 1.8 per cent in Québec City in 2015.
- GDP growth in Montréal will reach 2.1 per cent in 2015, thanks to the ongoing recovery in manufacturing and steady services growth.
- Ottawa–Gatineau’s GDP will grow by 0.7 per cent in 2015 as non-residential construction and high-tech services offset public sector weakness.
- Decent gains in construction and services-producing industries will help Toronto’s economy expand by 2.6 per cent this year.
- Non-residential construction, manufacturing, and personal services will support GDP growth of 1.5 per cent in Hamilton in 2015.
- Winnipeg’s GDP will grow 2.6 per cent in 2015 as services growth stays healthy and non-residential construction picks up.
- Prompted by the drop in oil prices, economic growth in Regina will slow to 1.6 per cent this year.
- Saskatoon’s GDP growth will be limited to 1.7 per cent this year because of low prices for oil and other resources.
- The oil price slump has hit Calgary’s economy hard this year, with GDP set to drop by 0.5 per cent.
- Edmonton’s economy will contract by 0.1 per cent in 2015 as a result of the drop in oil prices.
- Strength in manufacturing, construction, and the services sector will support GDP growth of 3.4 per cent in Vancouver in 2015.
- Victoria’s GDP will rise 1.4 per cent in 2015 as manufacturing and services output improve.
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