This publication focuses on the metropolitan economies of Halifax, Québec City, Montréal, Ottawa–Gatineau, Toronto, Hamilton, Winnipeg, Regina, Saskatoon, Calgary, Edmonton, Vancouver, and Victoria.
Metropolitan Outlook 1: Economic Insights into 13 Canadian Metropolitan Economies—Winter 2018
Metropolitan Outlook 1: Economic Insights into 13 Canadian Metropolitan Economies—Winter 2018
Urban City Economic Analysis
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After hitting its highest rate in at least 17 years, real GDP growth in Montréal, Toronto, Hamilton, and Winnipeg will ease in 2018 as consumer spending growth slows.
Although economic growth will ease to a more sustainable 2.5 per cent in Calgary and 2.2 per cent in Edmonton this year, these gains will be enough to bring both cities’ GDP to new highs, fully recouping the losses in 2015–16 following the oil price collapse.
The cooling housing market will limit real GDP growth in Vancouver to 2.7 per cent this year, but that will still be the fastest growth of any major Canadian metropolitan area. The slowest will be in Halifax, at 1.7 per cent, because of the contraction in primary and utilities output as production of offshore natural gas winds down.
Québec City, Ottawa–Gatineau, Regina, Saskatoon, and Victoria will all see moderate economic growth of between 2.1 and 2.3 per cent.
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