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: Winter 2015
Metropolitan Outlook 1: Economic Insights into 13 Canadian Metropolitan Economies: Winter 2015
Urban City Economic Analysis
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- Work on combat vessels and the construction of new homes will help boost Halifax’s economic output by 3 per cent this year.
- Ongoing recovery in manufacturing and steady services sector growth will help GDP grow by 2 per cent in Québec City in 2015.
- GDP growth in Montréal will reach 2.2 per cent in 2015 thanks to major infrastructure projects like the Champlain Bridge.
- Ottawa–Gatineau’s economy will expand by 1.5 per cent in 2015 as strength in non-residential construction and high-tech services offsets public sector weakness.
- Toronto’s GDP will grow by 2.8 per cent in 2015, pulled up by a stronger manufacturing sector and a healthy services sector.
- Widespread gains across all sectors of the economy will boost Hamilton’s GDP by 2.4 per cent this year.
- Gains in manufacturing and construction will support GDP growth of 2.8 per cent in Winnipeg in 2015.
- Regina’s GDP will grow by 2.9 per cent in 2014, pulled up by residential construction and work on the new football stadium.
- Cooling gains across Saskatoon’s entire economy will lead to slower but still decent GDP growth of 2.8 per cent this year.
- Calgary’s economy will expand by 1.5 per cent this year, held back by the impact of lower oil prices.
- The dramatic decline in oil prices will lead to sharply lower economic growth of 1.9 per cent in Edmonton this year.
- Strength in non-residential construction and consumer spending will support GDP growth of 2.7 per cent in Vancouver in 2015.
- Victoria’s GDP growth will pick up to 1.9 per cent in 2015 thanks to improved manufacturing and services growth.
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