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 2016
Metropolitan Outlook 1: Economic Insights into 13 Canadian Metropolitan Economies, Autumn 2016
Urban City Economic Analysis
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- Halifax’s economy will grow by 2.6 per cent in 2016, helped by vigorous growth in the manufacturing and construction sectors.
- The weak Canadian dollar will benefit manufacturing and tourism, helping Québec City’s GDP growth accelerate to 1.7 per cent in 2016.
La faiblesse du dollar canadien profitera aux secteurs manufacturier et touristique; ceux-ci contribueront à stimuler la croissance du PIB de la ville de Québec, qui atteindra 1,7 % en 2016. - Strength in the services sector and non-residential construction will offset weakness in manufacturing and falling housing starts to allow Montréal’s GDP to grow by 1.6 per cent in 2016.
La vigueur du secteur des services et de la construction non résidentielle compensera la langueur du secteur manufacturier et la chute des mises en chantier, ce qui permettra au PIB de Montréal de croître de 1,6 % en 2016. - Ottawa–Gatineau’s GDP will expand by 1.7 per cent in 2016 as services sector growth picks up and construction activity stays strong.
- Strength in manufacturing and the related transportation and warehousing sector will help Toronto’s GDP rise by 3.4 per cent in 2016.
- Hamilton’s economy will grow by 2.2 per cent this year as the lower dollar helps to boost manufacturing output.
- Winnipeg’s GDP will rise by 2.5 per cent in 2016, driven by growth in wholesale and retail trade and in transportation and warehousing.
- Ongoing weakness in oil, potash, and agricultural markets will limit Regina’s economic growth to 1.3 per cent this year.
- Construction and services strength will offset the effects of weak resource prices, helping Saskatoon’s GDP grow by 1.7 per cent in 2016.
- Calgary’s economy will contract by another 2.1 per cent in 2016 as low oil prices continue to hamper the region’s economy.
- Weak oil prices mean Edmonton’s economy will shrink by another 1.4 per cent this year.
- A hot housing market, along with broad-based strength across most other industries, will help Vancouver’s GDP expand by 4 per cent in 2016, making it this report’s growth leader.
- Renewed construction and public administration growth will help drive a 2.5 per cent increase in Victoria’s GDP in 2016.
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