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: Spring 2015
Metropolitan Outlook 1: Economic Insights into 13 Canadian Metropolitan Economies: Spring 2015
Urban City Economic Analysis
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- Halifax’s economy is expected to grow by 3.1 per cent this year, fuelled by strength in manufacturing and construction.
- Ongoing recovery in manufacturing and stronger services growth will help GDP grow by 2.4 per cent in Québec City in 2015.
- GDP growth in Montréal will reach 2.6 per cent in 2015, partly thanks to infrastructure projects like the Champlain Bridge.
- Ottawa–Gatineau’s GDP will grow by 1.3 per cent in 2015 as strength in non-residential construction and high-tech services offsets public sector weakness.
- Decent gains in manufacturing and tourism will help Toronto’s economy expand by 3.1 per cent this year.
- Stronger growth in the services sector and construction output will support GDP growth of 2.7 per cent in Hamilton in 2015.
- Winnipeg’s GDP will grow 2.5 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 1.9 per cent this year.
- Saskatoon’s GDP growth will be limited to 1.8 per cent this year because of weakness in the primary and utilities sector.
- The oil price slump will hit Calgary’s economy hard, with GDP set to drop by 1.2 per cent.
- Edmonton’s economy will contract by 0.8 per cent this year as a result of the drop in oil prices.
- Strength in manufacturing, construction, and consumer spending will support GDP growth of 3.1 per cent in Vancouver in 2015.
- Victoria’s GDP will rise 2.1 per cent in 2015, driven by a turnaround in public administration and strong manufacturing.
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